POLITICS
-President Klaus Iohannis signed on Friday the decree appointing Petre Daea as Minister of Agriculture and Rural Development, the Presidential Administration announced.
-“By further developing nuclear and natural gas projects we will capitalize on our country’s potential to become an energy hub in the region, we will develop the industry and create new jobs,” the Prime Minister said in a statement issued by the government’s Press Office.
ECONOMY
-The total monthly average income was, in nominal terms, 6227 lei per household and 2476 lei per person in Q I 2022, the National Institute of Statistics (INS) said. In Q I 2022, the total monthly average expenditure) of the population was 5324 lei per household (2117 lei per person), accounting for 85.5% of the total income.
-Gross Domestic Products in Q1 2022 was, in real terms, by 5.1% higher, as compared to Q4 2021. As against the same quarter of 2021, the Gross Domestic Product recorded an increase by 6.4% both for the unadjusted series and for the seasonally adjusted series, INS said.
-Romanian banking sector’s economic impact is estimated at RON2,247 billion in 1990-2020, according to the survey ″The contribution of the banking sector to the economy in the last 30 years″, conducted by KPMG Advisory at the request of the Romanian Banking Association (ARB).
COMPANIES & MARKET
-Romania’s overall media market will reach EUR 640 million by year-end, up 6% y-o-y, including a 20% increase on the digital media segment, according to the Media Fact Book annual report by media agency Initiative Romania. Growing faster than the global average, the local media industry exceeded expectations and reached a value of 601 million euros in 2021.
-A new EY study finds that Romania is the fourth most targeted destination for investors envisaging setting up business or expanding in Europe next year, at par with France and after Portugal, Great Britain and Lithuania, Bogdan Ion, Country Managing Partner EY Romania & Moldova revealed.
-Between June 30 and July 6, 957 flights (landings and take-offs) were delayed by more than 30 minutes at Henri Coanda Airport, and 56 flights were canceled by the airlines that were supposed to operate them, Bucharest National Airports Company announced.
