Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched down 0.9% in unadjusted data and grew by 0.7% when adjusted for seasonality and number of working days, in September 2023 compared to September 2022, data from the country’s statistics institute INS showed on Wednesday (November 8).
Romania's central bank has decided at its board meeting on Wednesday (November 8, 2023) to keep its benchmark interest rate on hold at 7%.
Banca Transilvania is granting a EUR25.3 million loan to parcel delivery company Sameday, held by eMAG, to support its medium-term investment plan.
The turnover of Romanian companies operating in the agricultural saw the second largest nominal annual increase in the last ten years, of over RON8 billion, touching a record high of RON68 billion in 2022, which is 48% higher than in 2018, as per KeysFin's annual “Romanian Agricultural Sector” study.
Over 60% of managers who participated in the Confidex survey are readying for more challenging work conditions or even a recession, which would follow the trend of markets in the region and the eurozone.
In one of his rare public appearances, Ion Sterian, chief executive officer of Transgaz (TGN.RO), the national natural gas transmission company, says that the Black Sea will not turn Romania into a regional player as people keep saying, because the estimated amount of natural gas will not be enough to at least cover domestic consumption.
Fondul de Pensii Administrat Privat (FPAP) Metropolitan Life has increased its ownership stake in Danube freight carrier Transport Trade Services (TTS.RO) to 5.1%, which translates into 3.06 million TTS shares.