Romania Market News – 28/09/23

TODAY’S NEWS ECONOMY -Financial analysts part of CFA Romania association see the Romanian currency falling to an average exchange rate of 5.0753 units/euro in the coming 12 months, while the average inflation rate is seen at 7.58%, up from 7.52% anticipated in July. -The 2% tax charged on the banks’ turnover over a two-year period will bring 350 million RON to the

READ MORE

Romania Market News – 27/09/23

TODAY’S NEWS ECONOMY -Romania is forecast to grow by only 1.8% in 2023, the European Bank for Reconstruction and Development said. The projection was downwardly revised from an initial 2.5% one in May. -Bucharest’s land market has remained active over the past 12 months in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former

READ MORE

Romania Market News – 26/09/23

TODAY’S NEWS ECONOMY -Private lending in Romania increased by 5.5% in nominal terms (down 3.6% in real terms) to RON378,75 billion last month compared to August 2022, the National Bank of Romania (BNR) data showed on Monday (Sept. 25). -Romania’s Finance Ministry raised RON1.8 billion from banks on Monday (Sept. 25), through two issues of state bonds, at annual average yields of

READ MORE

Romania Market News – 25/09/23

TODAY’S NEWS ECONOMY -ING Bank has revised its 2023 growth forecast for Romania from 2.5% to 1.5% based on a slightly disappointing first half of the year and limited prospects for an acceleration in the second part. The bank is also revising lower its long-standing GDP estimate of 3.7% for 2024 as it now expects real growth of only 2.8%. -Four out

READ MORE

Romania Market News – 20/09/23

TODAY’S NEWS ECONOMY -The Ministry of Finance proposes that certain tax measures aimed at introducing new taxes or increasing existing ones and eliminating certain facilities may be applied within a period of less than 6 months from publication in the Official Journal, in extraordinary situations of budget deficit, Agerpres reported. -The number of sold income – generating real estate properties (office, retail,

READ MORE

Romania Market News – 19/09/23

TODAY’S NEWS ECONOMY Romania’s Finance Ministry raised RON767 million from banks on Monday (Sept 18) selling treasury bills maturing in 2028, at an annual average yield of 6.59%, according to the National Bank of Romania (BNR). -The Ministry of Finance continues to issue Fidelis government bonds for retail investors and carries out a new selling offer on the Bucharest Stock Exchange between

READ MORE

Romania Market News – 11/09/23

TODAY’S NEWS ECONOMY -Net investment in Romania’s economy stood at RON 70.051 billion in H1 2023, up 13.5% y-o-y, the National Institute of Statistics (INS) data showed. -The Government approved on Friday (Sept. 8) a draft law for the ratification of the loan agreement between Romania and the International Bank for Reconstruction and Development, worth EUR 591.9 million. -Fitch Ratings has affirmed

READ MORE

Romania Market News – 08/09/23

TODAY’S NEWS ECONOMY -One in five Romanians is spending carefully, hunting for deals, and keeping track of their income and expenditure on a regular basis, in order to enjoy financial stability, a recent survey conducted by Ipsos for ING Bank showed. -Interest in the local land market remained high in the first half of 2023, according to a report by Colliers regarding

READ MORE

Romania Market News – 07/09/23

TODAY’S NEWS ECONOMY -On an annual basis, retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) grew 0.7% in unadjusted data and increased by 1.2% when adjusted for seasonality and number of working days, in July 2023, the National Institute of Statistics data showed. -Romania’s Competition Council visited on Wednesday (Sept. 6) the premises of some commercial banks

READ MORE

Romania Market News – 06/09/23

TODAY’S NEWS ECONOMY -Romania’s non-performing loan (NPL) ratio remained below 3% in the first half of 2023, the same as in the second half of 2022, ranging between 2.6% and 2.7%, Ziarul Financiar (ZF) daily reported. -The government has prepared the documents to invest over RON 1.44 billion (EUR 290 million) EU funds, for the modernization and development of the Port of

READ MORE
1 2 3 26