POLITICS
-The President of the Republic of Moldova, Maia Sandu, was welcomed with military honours by Romania’s President Klaus Iohannis, on Friday, at the Cotroceni Presidential Palace in Bucharest. The two presidents will have one-on-one and official talks, followed by joint press statements.
-The Minister of Economy, Florin Spataru said in the Transilvanian city of Sibiu on Thursday that “part of the industry has already cut down gas consumption because of market considerations”, in answering a question regarding the measure of voluntary reduction of gas consumption at the EU level by 15%.
-The Ministry of Foreign Affairs (MAE) took over on Wednesday from the Ministry of Internal Affairs the one-year chairmanship of the National Commission on International Humanitarian Law (CNDIU).
– Agriculture and Rural Development Minister Petre Daea stated that wheat harvesting has been completed in Romania, the whole harvest has been stored and the obtained quantity will ensure the consumption needs of the country and availability to export.
ECONOMY
– The rate of non-performing loans reached the value of 3.34% in December 2021, compared to 3.71% in December 2020, as per the 2021 Annual Report of the Fiscal Council. Meanwhile, investment expenses were 5% of GDP in 2021, a level similar to that recorded in 2020, but under the conditions of a nominal GDP growth of 11.6%, according to the same source.
-Romania is not in a position to “lose” the equivalent of the first payment request from the National Recovery and Resilience Plan (PNRR), stated the Ministry of European Investments and Projects (MIPE), in response to the “disinformation that appeared in the public space”.
COMPANIES & MARKET
-Bucharest-listed property restitution fund Fondul Proprietatea welcomed the approval on July 27, 2022 by the Romanian Government of a Memorandum supporting the planned stock market listing of state-owned company Salrom, the only salt producer in Romania.
-OMV Petrom, the largest integrated energy company in Southern and Eastern Europe, for 2Q/2022 reported net profit worth RON2.89 billion, up 65.7% from the previous quarter and more than seven times higher than the 2Q/2021 figure.
-Over 60% of Romanians intend to go on vacation this year and 68% of them want to conclude a travel insurance, according to the latest edition of the UNSAR-IRES Barometer on the Perception of risk and insurance market in Romania.
