Romania News

Romania News – Friday 07/10/2022


-The European Union’s unity can be strengthen if Romania, Bulgaria and Croatia become past of the Schengen area, President Klaus Iohannis stated on Thursday, prior to the first meeting of the European Political Community, in Prague, Agerpres reported.

-Kazakhstan will give Romania all the support to secure the supply of oil and derived products, the Romanian Minister of Energy, Virgil Popescu, who is in the Eurasian country, wrote on Facebook on Friday.

-Minister of European Investment and Projects Marcel Bolos said on Thursday that there is a need for involvement on behalf of everyone to attract investors and create new jobs, in order to be able to access the non-reimbursable funds provided by the European programmes.


-Romania’s retail turnover (except for trade in motor vehicles and motorcycles) over January – August 2022 was 4.8% up in unadjusted terms y-o-y, and 5.9% higher as workday and seasonally adjusted terms, National Institute of Statistics (INS) data showed.

-Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, a survey conducted by McKinsey&Company in spring 2022 showed.

-State-run lender CEC Bank will continue to fund entrepreneurs in 2022 through the IMM Invest Plus program, with the lender granting 3,800 loans so far via the IMM Invest, Ziarul Financiar reported.


-Claim payouts made last year by the members of the National Union of Romanian Insurers and Reinsurers (UNSAR) based on business liability policies stood at 23.8 million RON (4.84 million euros), a survey conducted across the association showed.

-The volume of real estate investments in Romania is expected to reach EUR1.2 billion this year, a record level since the economic crisis in 2008, a study by real estate consulting firm JLL reveals.

– French perfume, cosmetics and skincare house Guerlain, which is among the oldest in the world, will open its first single-brand boutique in Romania.


-On Thursday, 75,127 people entered Romania through border points throughout the country, of which 8,353 were Ukrainian citizens, down 1.5% compared to the previous day, according to the General Inspectorate of the Border Police.