The average pension in Romania increased by 5.4% compared to a 2-3 average, reaching RON2,248 (€452) in April this year, according to the National Public Pension House (CNPP). The number of recipients was 4.75mn (4.98mn in 2023), of which 3.81mn reached the retirement age and completed the full required period of contribution to the public […]
The ILO seasonally-adjusted unemployment rate decreased to 5.3% in March, from 5.6% in February and 5.7% in January, Romania’s statistics office INS announced. Compared to a year ago, in March 2023 (5.5%), the unemployment rate was 0.2 percentage points (pp) lower. The unemployment rate was higher among men...
Romanian telecom group DIGI Communications (BVB: DIGI), with a market capitalization of RON 5.76bn (EUR 1.16bn), announced that the company’s management proposes to distribute RON120mn (EUR 24mn) as dividends for the fiscal year 2023, the equivalent of a gross yield of nearly 2.1%. The company’s price soared by 58% y/y compared to the 41% y/y […]
Romania’s competition body Consiliul Concurentei cleared the transaction by which Intesa Sanpaolo SpA intends to take over the Romanian bank First Bank from the US fund J.C. Flowers, according to a press release from the authority. Intesa Group is active in Romania through its subsidiary, Banca Comercială Intesa Sanpaolo Romania. Upon the takeover, Intesa will […]
Fintech start-up MetaWealth, which tokenizes real estate properties, announced it partnered with real estate developer One United Properties in a EUR 20mn framework agreement for rental apartments that will give MetaWealth investors access to the residential projects developed by One United. MetaWealth will list three new assets, to be purchased from One United, on its […]
US president Joe Biden thanked his counterpart Klaus Iohannis for Romania's activity within NATO, 20 years after the country joined the Alliance – as the main message conveyed by Biden after the meeting of the two on May 7 in Washington. "You [Romania] exceeded all expectations 20 years ago when you joined NATO. Thank you […]
