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By Jerom Bolt
Romania's annual inflation rate in October dropped to 4.3 percent, from 5.03 percent in September, taking into account that non-food goods prices rose by 5.27 percent, those of food products increased 3.73 percent, whereas prices of services recorded an advance of 2.73 percent, according to the data published on Monday by the National Institute of Statistics (INS).
This year, the highest annual inflation rate was recorded in May, 5.41 percent respectively, the highest level since February 2013, when the increase of consumer prices reached 5.65 percent.

| | 12 November 2018 |

By Emea Riga
The trade deficit (FOB / CIF) rose to 9.95 billion euro, after the first nine months of this year, up by more than 1.05 billion euro compared to the one recorded in January - September last year.
According to the data released by the National Institute of Statistics, FOB exports totaled 50.85 billion euro, after a 9.1pct increase over the same period of last year, and CIF imports were worth 60.79 billion euro, an increase of 9.5pct.
| | 10 November 2018 |

By Andra Beltz
The National Bank of Romania (BNR) has maintained the inflation forecast at 3.5 percent for the end of 2018 and revised upwards to 2.9 percent the forecast for next year, BNR Governor Mugur Isarescu announced on Thursday while presenting the Quarterly Report on inflation.
'We are preserving the 3.5 percent forecast for December 2018, with some risks,' Isarescu said.
| | 08 November 2018 |

By Emea Riga
The Board of the National Bank of Romania (BNR) decided at its meeting on Tuesday to maintain the key interest rate at the level of 2.50pct per annum and to maintain the current levels of the mandatory minimum reserves for liabilities in lei and in foreign currencies of credit institutions, the central bank announced.
At the same time, BNR decided to maintain the interest rate for the deposit facility at 1.50pct per annum and the interest rate for the lending
| | 06 November 2018 |

By Edwig Ban
The implementation of Romania's national aggregate budget in the first nine months of 2018 ended on a deficit of 16.8 billion lei, or 1.77% of the Gross Domestic Product (GDP), up by 10 billion lei over a 6.8 billion lei (0.81% of the GDP) deficit recorded in the same period of 2017, according to data released on Tuesday by the Ministry of Public Finance (MFP).
Eight months into 2018, the deficit in the aggregate national budget
| | 30 October 2018 |

By Edwig Ban
Raiffeisen Centrobank (RCB) and Bucharest Stock Exchange (BVB) organized on October 18th in Stockholm the first Romania Investors Day event dedicated to Nordic investors. The event brought together Swedish investors and Romanian blue chips.
Adrian Tanase, BVB CEO, stated: "We are committed to extend our reach for new investors in Romanian capital market, and the Nordic experience shows that good financial returns, long term value creation and
| | 23 October 2018 |

By Emea Riga
Bitcoin Romania, the first and largest crypto-stock exchange on the Romanian market, launched Roncoin (RONC), the first symbol of a parity of 1: 1 with Romania's currency (RON), which means it is protected against price volatility.
The team behind the RONC has used Ethereum Blockchain technology, providing the necessary safety and stability in an ever-changing crypto
| | 22 October 2018 |

By Andra Beltz
For the eighth consecutive month, Romania recorded in September the highest annual inflation rate among the EU member states, with an increase in consumer prices of 4.7 percent, similar to the one registered in August, the data published on Wednesday by the European Statistical Office (Eurostat) shows.
The annual inflation rate in the European Union stood at 2.2 percent in
| | 17 October 2018 |

>>> Piraeus Bank Romania was bought from the Greeks and became First Bank

By Andra Beltz
The renaming and rebranding process will commence in late 2018 and will unfold over the following months. The transition to the new brand will gradually become gradually visible during this time. The bank’s business will follow its usual course. All the contractual agreements between the bank and its customers will remain unaffected and continuing.
Dominic Bruynseels, Executive President, Piraeus Bank

| | 04 October 2018 |

By Emea Riga
The Board of Directors of the National Bank of Romania (BNR) on Wednesday's meeting decided to keep unchanged the monetary policy rate at 2.50 percent per annum, according to a press release.
The BNR board also decided to keep unchanged the interest rate for the deposit facility at 1.50 percent per annum and the interest rate corresponding to the lending facility at 3.50 percent and also to maintain the existing levels of the minimum reserve requirement

| | 03 October 2018 |

The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania

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