Romania Market News 07/11/24

Updated after market close ECONOMY -Compared to August 2024, in September 2024 the retail turnover volume (excluding the tradewith motor vehicles and motorcycles) decreased as gross series by 2.7% and increased as adjustedseries according to the number of working days and to seasonality by 0.9%, the National Institute of Statistics (INS) data showed. -Romanians looking for a job sent 1.1 million CVs

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Romania Market News 06/11/24

Updated after market close POLITICS Romanian President Klaus Iohannis and Prime Minister Marcel Ciolacu on Wednesday congratulated Donald Trump for winning the U.S. presidential elections. ECONOMY The National Bank of Romania (BNR) has released a gold coin marking the 80th anniversary of treasure evacuation Operation Neptune and a special sheet consisting of four banknotes of a face value of RON 10. FINANCE

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Romania Market News 05/11/24

Updated after market close ECONOMY -In September 2024, industrial production prices for the total (domestic market and non-domestic market) decreased by 1.8% compared to August 2024, the National Institute of Statistics data showed. -Arrears to the consolidated general budget grew by 6% in September 2024 reaching 585.7 million lei, up from 552.1 million lei in August, data published by the Ministry of

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Romania Market News 04/11/24

Updated midday and after market close POLITICS The Standing Electoral Authority (AEP) announced on Friday (Nov. 1) that there were 19,002,912 Romanians eligible to vote featuring in the Electoral Register as of October 31, 2024. ECONOMY –In September 2024, industrial production prices for the total (domestic market and non-domestic market) decreased by 1.8% compared to August 2024, the National Institute of Statistics

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Romania Market News 01/11/24

Updated midday and after market close POLITICS 950 polling stations will be open abroad for this year’s presidential and parliamentary elections, the Permanent Electoral Authority announced. ECONOMY -Foreign direct investment in Romania’s trade exceeded the EUR20 billion mark for the first time in 2023, as companies in the sector continued to invest money into development, the National Bank of Romania (BNR) data

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Romania Market Daily News 31/10/24

Updated midday and after market close POLITICS The electoral campaign for the parliamentary elections starts on Friday, at 00:00 and ends on November 30, at 7:00 a.m. Parliamentary elections are scheduled to be held in Romania on 1 December 2024. ECONOMY -In October 2024, Romania’s Economic Sentiment Indicator (ESI), compiled by the European Commission based on the responses of managers in the

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Romania Market Daily News 30/10/24

ECONOMY -Romania is still the country with the lowest prices in the European Union, according to Eurostat, especially when it comes to food, despite the fact that we have gone through high inflation, Competition Council President Bogdan Chiritoiu told the “Competition in key sectors 2024” conference on Wednesday. -In January-July 2024, direct investments in Romania decreased by 21.3% Agerpres reported citing the

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Romania Market Daily News 29/10/24

ECONOMY – Government debt rose to 876.288 billion lei in July 2024 from 860.331 billion lei in the previous month, Finance Ministry data showed. As a percentage of the GDP, public administration debt climbed to 52%, from 51.1% in June (GDP according to the National Institute of Statistics release of October 10, 2024). -The per capita purchasing power in Romania amounts to

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Romania Market Daily News 28/10/24

ECONOMY -The government of Romania will approve this week the minimum gross statutory wage to be enforced as of January 1, set at 4,050 lei (about 814 euro), after discussions with employers and trade unions, Prime Minister Marcel Ciolacu announced on Monday, according to Radio Romania Actualitati. The premier also ruled out a VAT increase in 2025, Adevarul reported. -A delegation of

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Romania Market News – 09/02/24

ECONOMY -Romania’s Finance Ministry raised RON1.5 billion from banks on Thursday (February 8), via two bond issues, at annual average yields of 6.03% and 6.45%, respectively, the National Bank of Romania (BNR) data showed. -In 2023, Raiffeisen Euro Obligatiuni, Goldman Sachs Romania RON Bond and FDI Globinvest were among the 10 best performing local open-end bond funds, delivering 9% to 15% yields

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