POLITICS
-Pensioners’ income will be indexed for inflation on January 1, 2023 Prime Minister Nicolae Ciuca announced on Thursday.
-Secretary General of the Social Democratic Party (co-ruling PSD) Paul Stanescu said on Friday that the idea of European solidarity risks turning into “hypocrisy and double measure”, considering that the Netherlands keeps Romania in check regarding the accession to the Schengen Area, Agerpres reported.
-The Alliance for the Union of Romanians (AUR) notified the Constitutional Court of Romania (CCR) on Thursday regarding the “unconstitutionality of the normative acts” from the package entitled “Justice Laws.”
ECONOMY
-Romania’s finance ministry on Thursday (Oct 20) reopened a bond issue due in 2026 and borrowed RON398 million from banks, below the planned level of RON400 million, at an annual average yield of 9.47%, Ziarul Financiar reported.
-59.5% of Romanians declare their financial situation got worse compared to last year, and prices for utilities (gas, electricity) were the main elements mentioned which led to the deterioration of the financial situation, according to the quarterly barometer made by CEC Bank in partnership with FinZoom.ro.
COMPANIES & MARKET
-Romania’s beer market dropped 4% in January-August 2022 y-o-y, after the first four months had brought a 10% volume decrease, Romanian Brewers Association data showed.
-The Romanian subsidiary of US technology giant Google opened a new office in Bucharest, expanding its local team to over 350 “supporting the digital transformation of local businesses and advanced solutions for Cloud customers.”
-Important builders have been recruiting foreign workers in 2022, especially from Asia, since most Romanian workers work abroad, according to a study made a company monitoring building sites and construction projects in Romania.
-TechAngels, the largest network of angel investors in Romania, has invested in the development of local start-ups, cumulatively, an amount between 1,1 and 1,5 million euros in the third quarter of 2022 and a total of 4,656 million euros since the beginning of this year.
SOCIAL
-Trade unionists members of the CNS Cartel Alfa on Thursday (Oct. 20) gathered to protest in Victoriei Square in Bucharest, dissatisfied with the high energy prices, the non-application of the Pay Law and the blocking of collective negotiations, announcing that if their requests are not fulfilled, they will return “ten times more” to demand the change of the Government.
