POLITICS
-Prime Minister Nicolae Ciuca said that the draft budget amendment will be put in transparency during the week by the ministry of finances.
-There is no other hypothesis within the party than the implementation of the government rotation next year, according to the protocol of the governing coalition, the National Liberal Party (PNL)’s spokesman Ionut Stroe said on Monday.
ECONOMY
-Romania’s three-month interbank offered rate ROBOR, which is used as a reference to calculate variable interests for loans in lei taken out before May 2019, climbed on Monday to 8.14% from 8.12% in the previous session, the National Bank of Romania data showed.
-The deep dive taken by the value of the Romanian government bonds “has an impact on the bank, but the situation is manageable,” Stefan Doerfler, the CFO of Austrian banking giant Erste, said referring to Romanian lender BCR.
-Romanians can invest, starting today in treasury bonds with one year maturity and annual interest rate of 8.25%, according to a press release of the ministry of finances.
COMPANIES & MARKET
-Bucharest Stock Exchange (BVB) and Depozitarul Central launched the online Investors Enrollment Platform with the help of Aurachain and eVOTE.
-Romania’s modern office space stock has gone beyond 4.3 million square meters in the first half of this year, with 76% concentrated in Bucharest and is seen hitting 4.7 million square meters in early 2023, up 9%, according to a report by real estate consulting firm CBRE Romania.
