December 2019 – ArchCity

Romanian News brief: December 22nd, 2019

Dec 22, 2019adminNews

MERRY CHRISTMAS & A HAPPY NEW YEAR

Romania’s MoF last Monday raised RON925m (€194m) (targeted amount was RON800m) by selling bonds maturing in April 2026 at an average yield of 4.1%, according to BNR (central bank).
The number of start-ups in Romania grew over 20% year-over-year in 2019, matching the growth of average investment per financing of over 20% too, as per an EY analysis.
International Finance Corporation (IFC), a member of the World Bank Group, is providing €18.5m in financing to BT Leasing Transilvania to increase access to finance for small and medium enterprises (SMEs) and to finance climate leasing in Romania. IFC is also providing a financing package of RON720m (US$168m) to Raiffeisen Bank Romania to boost financing for small and medium enterprises (SMEs), climate, and housing – three underserved segments in Romania’s economy.

Romanian News brief: December 8th, 2019

The net average wage in Romania increased by 14.6% in October, compared to the same month last year, to RON3,116 (€650) while the average gross wage was RON5,090 (€1,060), announced the statistics office INS. In real terms, the average wage increased by 10.8%. The highest average salaries were recorded in IT&C, with an average of RON7,118, while the lowest wage are in the light industries (RON1,801 in clothing manufacturing).