POLITICS
-Minister of Foreign Affairs Bogdan Aurescu announced on Monday that he will ask for a separate item on the agenda of next month’s Foreign Affairs Council (FAC) to analyse the situation in the Republic of Moldova, Agerpres reported.
-The Working Group for Schengen Matters will have a first discussion on Tuesday (Nov. 14) regarding the EU Council’s resolution proposal regarding the accession of Romania and Bulgaria to the Schengen area, MEP of the Social Democratic Party (PSD) Victor Negrescu said in a post on his Facebook page on Monday.
-The Alliance for the Union of Romanians (AUR) announced that the party’s MPs have submitted two bills regarding the harmonisation of the minimum wage and the minimum pension with the value of the minimum expenditure basket for a decent living.
ECONOMY
-The Euro trades at 4.8982 RON on Monday (Nov. 14), according to quotations announced by the banks authorized to operate on the currency market.
-The National Bank of Romania (BNR) revised upwards its 2022 year-end inflation forecast to 16.3%, from its previous forecast of 13.9% in August, BNR governor Mugur Isarescu told a press briefing on Monday (Nov. 13) presenting the latest inflation report.
-Romania’s current account balance posted a deficit of EUR20.1 billion in the first nine months of 2022, up 59% y-o-y, BNR data showed.
-Romania’s industrial production dropped 1% in unadjusted data in January-September 2022 y-o-y and 1.6% when adjusted for seasonality and number of working days, National Institute of Statistics showed.
– The European Commission (EC) sees Romania’s economy expanding by 5.8% this year, as compared to a 3.9% growth rate projected in July, the EU’s executive arm said in its Autumn 2022 Economic Forecast report.
COMPANIES & MARKET
-Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector, according to C&W Echinox. Private investors have made acquisitions estimated at EUR200M in the last three years, according to the real estate consulting company.
-Bucharest-listed Transgaz posted net profit worth RON273 million in January-September 2022, more than twice the RON112 million the natural gas transmission company registered in the same period of 2021.
-Bucharest-listed Transelectrica’s total operating revenues stood at RON4.88 billion in the first nine months of 2022, double the year-earlier period, and RON418 million net profit, from RON81 million in Jan-Sept 2021.
-Bucharest-listed Banca Transilvania, Romania’s largest bank by assets, reported its net profit marginally fell 2% to RON 1.44 bln in January-September 2022 y-o-y, while the stock of loans increased by 19% to RON 63.2 bln.
SOCIAL
-Since the beginning of the humanitarian crisis in Ukraine, Save the Children Romania has provided complex socio-emotional support to 209,305 people, including 114,824 children and 94,481 adults, with emergency supplies, emotional support, counseling and financial support, according to the NGO.
