Romania News

Romania News – Monday 05/09/2022

POLITICS

-President Klaus Iohannis declared on Monday that there has recently been an intense and natural debate on the future of education, showing that he expects the debate to continue in Parliament until a legislative form that helps teachers to fulfill their aspirations is reached, Agerpres reported.

-Prime Minister Nicolae Ciuca stated on Monday, that citizens will not be affected by the changes made to the ordinance regarding the ceiling on the price of electricity, stating that the goal was to limit the waste of energy.

-A delegation of the Ministry of National Defense led by Minister Vasile Dincu will be on an official visit to on Monday and Tuesday, according to a statement from the Ministry of National Defense.

ECONOMY

-Seven in ten Romanian parents are not optimistic about the economic situation, while two in five say they are in a more difficult financial situation compared to last year, a recent United Media Services study shows.

-London-based EBRD lends €25 million to Romania’s largest lender by assets Banca Transilvania to support flow of credit to Romanian economy.

COMPANIES & MARKET

-Prices of Bucharest’s old three-room apartments fell, on average, by EUR150 or 0.1% in August month-on-month, to EUR109,100, shows Ziarul Financiar’s real estate index compiled with real estate consultancy SVN Romania.

-Chinese multinational technology corporation Huawei is planning to strongly develop sales on the B2B segment in Romania, from small and medium-sized companies, to large ones and governmental organizations, ZF reported on Monday.

-The repeated reductions in the supply of Russian natural gas have had governments in Central and Eastern Europe (CEE) vying for alternative energy sources, but Romania is less affected due to its domestic production, according to Fitch Ratings.

SOCIAL

-Approximately 397,300 people, Romanian and foreign citizens, as well as over 103,800 means of transport, were checked both on the way in and on the way out of Romania, on September 3, the Border Police General Inspectorate (IGPF) reported on Sunday.