Business Review

The unemployment rate increased with 0.3 percent in August, reaching 4.8 percent. The total number of unemployed is 437.811, according to the data released by the National Agency for Work Force (ANOFM). The number of people who lost their job in August is 2.652.

Ovidiu Posirca

The number of homes finalized in the first semester of 2011 reached 17.806, decreasing by 868 units from the similar period of 2010, according to Mediafax newswire that quotes data from the National Statistics Institute (INS).

Ovidiu Posirca

The level of investments in Romania has decreased by 6.3 percent, in the first semester of 2011, reaching RON 22 billion, compared to the similar period of 2010, according to a flash estimate from the National Statistics Institute (INS).

Ovidiu Posirca

Consumption in Romania decreased by 0.7 percent in the second trimester of 2011, adding to the 1.7 percent decrease for the first half of 2011, according to Agerpres newswire that quotes data from the National Statistics Institute (INS).

Ovidiu Posirca

Gheorghe Ialomitianu, the Romanian Public Finance minister, announced in a press conference on Thursday, that approximately 330.000 companies built up a debt of RON 17 billion and another RON 2.5 billion in penalties to the sate budget, according to Agerpres newswire.

Ovidiu Posirca

Romania's foreign exchange reserves totaled EUR 32.5 billion, at the end of August 2011, decreasing by EUR 130 million from the previous month, according to data from the Romanian Central Bank.

Ovidiu Posirca

The Greek NBG Group that controls Banca Romaneasca reported losses of EUR 1 million for the first semester of 2011, from a EUR 14 million profit in the first six months of 2010, according to NewsIn newswire, that quotes data from the official financial reports of the group.

Ovidiu Posirca

Piraeus Bank Romania registered a gross profit RON of 43.7 million, which is a 28 percent decrease versus the similar period of 2010. The bank's assets increased by 1 percent to RON 8.9 billion in the first semester of 2011.

Ovidiu Posirca

The net profit of the Bank of Cyprus in Romania fell by 12.5 percent from EUR 4 million in the first half of 2010 to EUR 3.5 million, according to Mediafax newswire, that quotes data from the official financial statement of the company.

The EU27 unemployment rate was 9.5 percent in July 2011, unchanged compared with June. It was 9.7 percent in July 2010, according to official data from Eurostat. Romania had a seasonally adjusted unemployment rate of 7.3 percent in July 2011, roughly 2.5 percent below the EU 27 average. 

Ovidiu Posirca