POLITICS
-Romanians abroad who want to return home and invest in a business qualify for up to 200,000 lei in grants under the Start-Up Nation program, according to the Ministry of Entrepreneurship and Tourism (MAT).
ECONOMY
-Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, climbed on Friday to 8.12% from 8.11% the previous day, according to the National Bank of Romania.
-The National Bank of Romania raised its key monetary policy rate by 75bps to 5.5% on Friday, the seventh consecutive rate hike, pushing the borrowing costs to the highest since February 2012.
-Romania’s finance ministry will be launching a new bond issue for the general population, under the Tezaur program, on Monday (August 8), available for subscription between August 8-26, 2022.
COMPANIES & MARKET
-Venture Capital funding in Romania in Q2 2022 which stood at some EUR30 million was worth roughly one-third of the funding in Estonia, Ukraine and Hungary – each of them with just over EUR100 million raised in the quarter, according to the VC Funding in CEE Report 2Q/2022 compiled by Vestbee.
-The number of real estate deals in Romania reached 57,310 last month, 4,364 more than in June 2022, National Agency for Cadastre and Land Registration of Romania data showed.
