Romania: Telekom Romania Mobile Reports Higher Revenues, Profit and Client (...)

August 5, 2022

Telekom Romania Mobile Reports Higher Revenues, Profit and Client Numbers in 2Q/2022
Aug 5, 2022

Telekom Romania Mobile Reports Higher Revenues, Profit and Client Numbers in 2Q/2022.

Telekom Romania Mobile, the former Cosmote, the fourth largest company on Romania’s mobile telephony market, a company controlled by Deutsche Telekom, Germany, and OTE, Greece, for the second quarter of 2022 reported rising revenues, profit and number of clients, with the upward trend also (...)

[Read the article in Ziarul Financiar]

SEE ALSO IN ROMANIAN NEWSPAPERS

Romania's Govt. publishes budget revision draft The Ministry of Public Finance published the budget revision draft for public debate on August 11. The general government budget deficit target is maintained at 5.8% of GDP. According to the draft, revenues will be revised upwards by RON 29.94 bln, the expenses by RON 32.59 bln, and the (...)

Raiffeisen Romania issues RON 500 mln of 5-yr sustainability bonds Raiffeisen Romania announced that it placed a new issue of corporate bonds in local currency (RON), the bank's fourth issue of MREL eligible bonds and the first series of sustainability bonds, through which it raised RON 500.85 mln from institutional investors, with a maturity of 5 years. The (...)

CFA macroeconomic confidence index picks up in July but expectations remain gloomy The Macroeconomic Confidence Indicator compiled by the CFA Romania Association based on a survey among its members increased to 37.5 points in July, from 36.5% in June. This was mainly due to the increase, by 10.8 points, of the current conditions component to 56.2% (notably above the 50 (...)

Bucharest Stock Exchange reaches new record as BET-TR rises by 5.7% YTD The BET-TR index, which reflects the evolution of the 20 most liquid securities from the Bucharest Stock Exchange (BVB) plus the dividends disbursed by companies, reached a new historical high of 24,433 points on August 11, exceeding the previous record of 24,212 points established in (...)

Romania's headline inflation eases marginally in July to just under 15% Consumer prices increased by 0.9% in July, and the annual inflation edged down marginally under 15% YoY from just over 15% YoY in June, Romania's statistics office INS announced. The prices of food increased by 16.1%, those for non-food goods (including fuels and energy) by 16.6% YoY and the (...)

Four of Top Ten Automotive Companies in Romania Plan RON1.7B Investments Star Assembly, Pirelli Tyers Romania, Continental Automotive Systems and Dacia Automobile, four of the ten largest players in the automotive sector in the country, are planning investments of more than RON1.7 billion, for which they applied for state aid of RON82 milion to RON185 (...)

Finance Ministry Raises RON938M via Bonds, RON454M via T-Bills on Aug 11 Romania's Finance Ministry on Thursday reopened a bond issue due in February 2029 and borrowed RON938.5 million from banks, three times more than the scheduled RON300 million, at an average yield of 7.81% a year.