Romania recorded the fastest growth of e-commerce in the European Union last year, which took this market to EUR 5.6 billion. Most Romanians prefer to order from domestic online stores, but many are also attracted by cross-border platforms, due to the low prices and the good offers, according to a study published by ZEN.com.
Prime Minister Florin Cîţu has announced that the average monthly net income in Romania was 7% higher in April this year than in the same month last year. He has indicated that, amid a 3% inflation rate, the real increase in purchasing power is 4%.
The solvency indicator, an important indicator analyzed by the National Bank of Romania (NBR), which shows the level of capitalization of banks on the Romanian market, reached 24.6% at the end of Q1/2021, much above the recommended minimum level of 10%, which means that there are resources for banks to intensify lending to economy. The level of the solvency indicator at the end of March this year exceeded the 20.37% value recorded in Q1 of 2020.
OTP Bank has signed the agreement for the acquisition of all Nova KBM shares in Slovenia, the Hungarian financial institution told the Hungarian news agency MTI. The announced acquisition is the most important one in OTP’s history so far and is expected to be completed in Q2 of 2022, once the necessary authorizations have been obtained from regulatory authorities.
The Ministry of Finance (MoF) plans to borrow RON 4.6 billion from commercial banks in June 2021, of which RON 1.1 billion through two issues of discount treasury bills and RON 3.5 billion through seven government bond issues. RON 525 million can be added to these, through additional sessions of non-competitive offers, corresponding to bond auctions.
Dona.Logistică, the medicines distributor founded in 2014 by entrepreneur Eugen Banciu, who also owns Dona pharmacies brand, ended 2020 with a RON 1.1 billion turnover, up by 17% against the previous year. The opening of the company’s third logistics center, the continuation of digitalization processes, and the development of its own transport fleet are the three main ongoing investment projects in 2021.
The National Company for Road Infrastructure Administration (CNAIR) has put out to tender the execution works on the first section of the A7 Moldova Highway, Ploieşti - Buzău, with the three lots: Dumbrava-Mizil, Mizil-Pietroasele and Pietroasele – the city of Buzău. CNAIR estimates that it will obtain the necessary financing to sign the contract in Q4 of 2021.
Labor Minister Raluca Turcan has stated that early retirement cannot be eliminated, but "some cleaning is needed" in this sector. The government official has indicated that territorial labor inspectorates will conduct thorough verifications among employers who submit requests for inclusion into the special working conditions category.
The EU executive unveiled a first batch of sustainable finance implementing rules on 21 April, spelling out detailed emission thresholds that companies need to comply with in order to win a climate-friendly investment label in Europe. It covers 13 sectors, including renewable energy, transport, forestry, manufacturing, buildings, insurance and even the arts, which together account for nearly 80% of EU greenhouse gas emissions, the European Commission said.
A number of 52,768 people have been vaccinated against Covid-19 in the past 24 hours in Romania, 42,721 of them having been immunized with Pfizer, 2,527 with Moderna, 3,569 with AstraZeneca and 3,951 with Johnson&Johnson. Since the beginning of the vaccination campaign, 4,336,728 people have been immunized with one of the vaccines, 3,589,563 having also received the second dose.
The relaxation of restrictions imposed due to the Covid-19 pandemic, amid vaccination and a significant decrease in the number of infection cases, has brought reserved optimism in the economic sector. According to a barometer conducted by Frames and commissioned by Best Smart Consulting, the labor market will not open at least until autumn, as the vast majority of investors are waiting for the good news on the evolution of the pandemic to be confirmed.