Business

Romania, among lowest annual inflation rates in EU

Romania had one of the lowest annual inflation rates in the EU in July, namely 0.9%, according to EU’s statistical office Eurostat. The annual inflation rate in the European Union (EU) remained stable in July, amounting to 1.5%. Ireland saw the lowest annual inflation rate in July, with -0.2%, followed by Cyprus, with -0.1% –

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Sources: Pitesti-Sibiu highway could see new delay

Romania’s National Highways Company (CNAIR) has terminated the contract for the feasibility study of the Pitesti-Sibiu highway, according to sources in the Transport Ministry cited by local Hotnews.ro. The contract dates back to 2015. It has been prolonged once, despite criticism from an EU institution and infrastructure companies. Italian firm Spea and the Romanian company

Value of real estate deals in Romania, up 43% in H1

The total value of real estate deals in Romania reached EUR 530 million in the first half of this year, up 43% over the same period last year, according to a report C&W Echinox published yesterday. The local market recorded the sale of six portfolios of shopping centers. Atterbury acquired a 50% stake in four

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Sales of eco cars almost triple in Romania

The sales of eco cars in Romania, including both hybrid and electric cars, reached 1,237 units in the first seven months of the year, almost triple compared to the same period last year. The sales of green cars accounted for 1.8% of the total car sales in Romania during this period. The sales of electric

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Romania’s trade deficit reaches highest level since end-2008

Romania’s trade deficit has reached the highest level since December 2008, and the indicator will continue to worsen, according to statistical data, said Andrei Radulescu, Banca Transilvania senior economist. The trade deficit will grow, as imports will increase at a higher pace than exports, Radulescu explained, reports local Ziarul Financiar. Exports and imports of goods

Romanian pharma group Antibiotice Iasi ups net profit by 17%

State-owned pharma group Antibiotice Iasi recorded sales revenues of RON 147.2 million (EUR 32.1 million) in the first six months of this year, up 2.4% year-on-year. Its net profit increased by almost 17% reaching RON 19.19 million (EUR 4.2 million). Despite the good results, the company complained about Romania’s pharma market in its financial report.

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