POLITICS
-Gas storage facilities in Romania exceeded the 90% filling level on Friday and Romanians and the economy will have at their disposal the entire amount of gas needed to get through this winter well, regardless of the weather, Prime Minister Nicolae Ciuca said in a post on the Government’s Facebook page.
-Ongoing bilateral projects were addressed on Thursday afternoon by Prime Minister Nicolae Ciuca and Mariam Almheiri, the Minister of Environment and Climate Change of the United Arab Emirates and co-president of the Interministerial Commission Romania – United Arab Emirates.
ECONOMY
-Romania’s three-month ROBOR index, based on which the cost of consumer loans in lei with variable interest is calculated, ends Oct. 10-14 week at 8.17% a year.
-Romania’s final electricity consumption was down 5.3% in January-August 2022 y-o-y, National Institute of Statistics data showed.
-Hungarian lender OTP Bank sees Romania’s economic growth slowing down as the market tries to adapt to high energy prices, with a GDP growth estimated at 5% this year and at 2.3% in 2023.
-Romania’s industrial turnover total (domestic and non-domestic) advanced 26.3% in nominal terms in the first eight months of 2022 y-o-y, INS data showed.
-Romania’s new orders in the manufacturing industry grew 18.9% in the first eight months of 2022 y-o-y, INS data showed.
-Romania’s finance ministry raised RON300 million on Thursday (Oct 13) selling bonds maturing in February 2032, at an annual average yield of 9.24%.
COMPANIES & MARKET
-Private sector pre-tax wages increased on average by 12% this year, the highest rate in the last 15 years, amid companies’ efforts to offset the record-high inflation, but also in the context of a highly competitive labor market, the PayWell 2022 wage and benefits survey conducted by PwC Romania showed.
-Bucharest’s Euro Tower developed by Cascade Group has officially become the first LEED Zero Carbon certified building in Romania.
