increases

Alpha Bank Romania increases the interest rate for savings products in RON and foreign currency, both for individuals and for legal entities. In the case of 1-year deposits in RON for individuals, the interest rate reached 7.25%. “The…

Romania's economy increased by 5.1% in the first quarter of the year, compared to the fourth quarter of 2021. As against the same quarter of 2021, the Gross Domestic Product increased by 6.4% on both the gross series and the seasonally…

In its meeting of 6 July 2022, the Board of the National Bank of Romania decided to increase the monetary policy rate to 4.75 percent per annum, from 3.75 percent per annum, as of 7 July 2022. The central bank also raised the lending…

Biofarm, one of Romania's drug manufacturers, reports significant increases for the first nine months of the year compared to the same period in 2020. Biofarm recorded a turnover of lei 179 million in the first nine months of 2021 and a net…

Romania reported one of the largest decreases in houses prices (-27.2%) in the EU between 2007 and the third quarter of 2019, according to latest Eurostat statistics. Largest decreases were also recorded in Greece (-40.0%) and Ireland…

After the strong expansion in recent years, growth is projected to slow to 3.2% in 2020 and then increase to 3.7% in 2021, says the latest OECD economic outlook on Romania. While wages will return to single-digit growth, private consumption…

MOL Group announced its financial results for the third quarter of 2019. Despite a weaker macro environment and much lower oil and gas prices, strong Q3 EBITDA allows MOL Group to raise 2019 full year guidance to „around USD 2.4 bn” from…

President Klaus Iohannis has announced in a press statement on Wednesday that he had been informed by PM Viorica Dancila on the nomination of an interim European Commissioner to replace Corina Cretu, yet mentioning he is still waiting to be…

In the first half of 2018, average household electricity prices in the European Union (EU) were stable compared with the first half of 2017, standing at €20 per 100 kWh. Average gas prices in the EU were also stable and stood at €6 per 100…

In May 2017 compared with April 2017, seasonally adjusted industrial production rose by 1.3 percent in the euro area (EA19) and by 1.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.…