Total energy resources available in 2020 decreased by 6.2% compared to
2019. Primary energy production was 8.9% lower, imports of energy
resources fell by 11.9%, the gross domestic energy consumption dropped
2.6% and the final energy consumption recorded a 1.5% decline compared
to the previous year, according to data published by the National
Institute of Statistics (INS). Primary energy production in 2020, of
22.351 million toe, fell by 2.184 million toe compared to 2019, amid
the decrease in production at all types of primary energy carriers.
Significant declines were reported by coal production (-34%) and by
usable natural gas production (-10.7%).
Industrial producer prices (domestic market and external market) grew
by 19.5% in September compared to the same month of last year,
according to data published by the National Institute of Statistics
(INS). Industrial producer prices for the domestic and external markets
altogether were up 3.2% month-on-month in September 2021. According to
the aforementioned source, the industrial producer price index at the
level of the local market increased by 3.91% in September compared to
August 2021, and by 21.72% year-on-year. Furthermore, prices on the
external market rose 1.85% (compared to August 2021) and 15.79%
(compared to September 2020).
On Tuesday, the Ministry of Finance attracted RON 90 million from
banks, in addition to Monday’s auction, when it had borrowed RON 600
million, at an interest rate of 4.93% per year, through a benchmark
government bonds issue, with 108-month residual maturity, according to
data published by the National Bank of Romania (NBR). The nominal value
of the additional issue was RON 90 million, and banks submitted RON 200
million offers. The Ministry of Finance plans to contract RON 4.4
billion loans from commercial banks in November 2021, of which RON 400
million through a treasury bills issue and RON 4 billion through nine
government bond issues.
First Bank has launched the Apple Pay function which allows making
payments in physical or online stores, without the need for cash or a
card. In September, the bank also launched the Google Pay function for
customers using smartphones that run the Android operating system.
Payments are made by simply placing one’s iPhone or Apple Watch close
to the payment terminal. All payments made with Apple Pay are safe as
they are secured with Face ID, Touch ID, a PIN code, or a Unique
During the period 1 November 2021 – 31 January 2022, Libra Internet
Bank offers the equivalent value of the plane ticket to clients who
come to Romania to sign a mortgage loan agreement with the bank, within
the limit of RON 1,500, according to the information provided by the
bank. Mortgage loans for Romanians working abroad can be accessed with
zero file analysis fee, zero loan management fee and without a life
insurance. The net minimum income required by the bank is RON 7,500 or
equivalent, and the maximum crediting period is 30 years.
Banca Comercială Română (BCR), controlled by Erste Group, recorded a
net profit of RON 1.14 billion (EUR 232.5 million) in the first nine
months of the year, up by 35% against the similar period of 2020, an
evolution supported by the improving operating performance and the
lower risk costs, the bank announced on Tuesday. BCR’s operating result
grew by 12.3%, to RON 1.57 billion (EUR 321 million), following the
increase in the operating income and the decrease in operating
Belgian developer WDP invested EUR 7 million in the 11,000 square meter
industrial space it built for the Swedish plastics manufacturer Rosti.
The building is located in Păuleşti locality, near Ploieşti, and was
put into use in the second quarter of 2021, according to WDP group’s
latest financial report. The Swedish group Rosti opened a new plastic
injection molding factory which manufactures parts for the automotive
industry in Păuleşti. At the end of 2020, Rosti had announced that it
planned to expand its production capacity in Romania, by building a new
production unit, in addition to the one it already has in Ploieşti West
Medicines producer Biofarm Bucharest has inaugurated a production unit,
following an over EUR 35 million investment. The new plant has a three
times higher flow than the already existing one. The new production
unit, located close to the Soarelui Highway, will have four production
flows – tablets/film-coated tablets, soft capsules, drops and syrups.
The company also has a plant in the Timpuri Noi area in Bucharest.
French real estate group Catinvest continues to expand the
Electroputere Park project in Craiova by inaugurating a mixed-use
building that includes 8,300 square meters of A-class offices and 4,400
square meters of retail spaces, as part of an over EUR 40 million total
investment. Following this new expansion, the west wing of
Electroputere Park has reached a total capacity of about 2,000
employees who can work in the spaces within the project. The new
offices have already been leased by companies such as Ubisoft, the
French leader of the video games industry, and Operative Media, while
the office spaces inaugurated at the end of last year were leased by
Hella, the German leader which specializes in lighting systems and
electronics for the automotive industry with multinational activities.
The Romanian Automotive Registry (RAR) will send information about
Romanians who buy used cars from the European Union to the National
Agency for Fiscal Administration (ANAF) in order to prevent value added
tax fraud. The new measures have been included in the Government
Emergency Ordinance (OUG) 120/2021 published in the Official Gazette.
The aforementioned OUG targets the administration, functioning and
implementation of the "RO e-Factura" national electronic invoicing
system in Romania, and completes OUG 78/2000 on the homologation,
issuance of vehicle identity cards and certification of road vehicles’
authenticity with a view to their sale, use or registration in Romania,
as well as their market supervision.
Romania reported record numbers of daily coronavirus deaths, and there
were no available intensive care beds across the EU’s second-least
vaccinated state. The pandemic has killed 48,664 people out of 19
million to date. According to statistics, Romania has fully vaccinated
37.2% of its adult population. Although daily inoculation numbers have
risen in recent weeks, skepticism remains elevated because of distrust
in state institutions and misinformation campaigns.
The Ministry of Health has announced that it has distributed 7,500
doses of monoclonal antibodies to 147 hospitals in the country, for the
treatment of patients with mild and moderate forms of COVID-19, but who
are at risk of developing severe forms of the disease. Moreover, the
Health Ministry’s specialized committee has transmitted the criteria
according to which patients are selected, and they will be guided by
their family physicians, in order to benefit from this treatment.
The number of jobs available in the first ten months of this year
exceeded the total number of jobs offered in the entire year 2020. More
than 309,000 new jobs were opened, about 10,000 more than those
available throughout 2020. Furthermore, a 16% increase was also
recorded in the number of new jobs in January-October 2021 compared to
the similar period of last year. More than 37,000 new jobs were offered
in October 2021 alone. The sectors that needed the most employees last
month were Retail, Transport/Logistics, Services, IT/Telecom and the
Food Industry, each of these having opened over 3,800 new jobs.