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Romania’s Car Production Fell 7.2% In 2016, The Third Consecutive Year Of Decline
Carmakers Automobile Dacia and Ford registered a total production of 359,306 vehicles in 2016, 7.2% fewer than in 2015. Of these, 320,457 units were made by Dacia and 38,849 units by Ford.
BT Chief Economist: Jobless Rate Seen Declining In Next Quarters
Romania's labor market was impacted in 2016 by several factors, among which, the post-crisis investment cycle influenced by the relaxed mix of economic policies and by the increase in opport...
Car Production Down For Third Year In A Row
Romania’s car production dropped 6% in January-November to 338,000 cars assembled in Mioveni (Dacia) and Craiova (Ford), according to Romania’s Automotive Manufacturers and Importers Associa...
Banks See Single-Digit NPL Ratios After Eight Years Of Battling Bad Debt
The single-digit non-performing loan ratios that seemed like a fantasy right after the crisis are becoming a reality for Romanian banks as more and more lenders showed NPL ratios of less tha...
Non-Resident Deposits Down EUR1B In One Year
Non-residents’ long-term deposits in local banks, mostly lines of credit from shareholders, stood at EUR4 billion in September, down about EUR1 billion on the year-ago month and half the 201...
Low Interest Rates And Rise In Spending Drive Consumers’ Bank Deposits Down
New deposits in domestic currency made by individual customers of banks in Romania stood at 136 billion lei (EUR30 billion) in January-August, down 7.4% on the year-ago period, according to...
INS: Romania’s Agricultural Output Down 6.8% In 2015, To RON68.7B
Romania’s total agricultural output reached RON68.7 billion in 2015, down 6.8% compared with 2014, according to data provided by the statistics institute INS.
New Corporate Loans Down 18% In August 2016
New leu and foreign currency-denominated loans granted by banks to companies fell sharply by about 18% in August, compared with the year-ago month and reached 2.66 billion lei (EUR599 millio...
Romania’s Potato Harvest 15% Lower In 2016
Romania’s potato harvest will be about 15% lower this year, after humidity in the spring helped the diseases specific to this crop develop, and also because of the drought, says Gheorghe Bot...