Romania News

Romania News – Monday 17/10/2022

POLITICS

-The Minister of Foreign Affairs, Bogdan Aurescu, will participate, on Monday, in the meeting of the heads of diplomacy from the EU member states – the Foreign Affairs Council (FAC), which will take place in Luxembourg, Agerpres reported.

-Bulgaria, Greece and Romania had on Friday a trilateral reunion at the ministry of foreign affairs in Sofia to discuss topical issues connected to their development and contribution to the advancement of the European Union, BTA reported.

-Minister of Research, Innovation and Digital Transformation Sebastian Burduja met on Friday with European Commissioner for Innovation and Research Mariya Gabriel, with talks focusing on European aerospace technology projects, the Ministry said.

ECONOMY

-Standard & Poor’s Global Ratings affirmed on Oct. 14 its ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook.

-Romanian banks received 7,872 requests to suspension payment obligations of rates, interest rates and commissions, from natural and legal person clients alike, until August 29, 2022, according to the data provided by the Romanian Banks Association.

-The direct investments of non-residents in Romania amounted to 6.474 billion euros in January-August 2022, up 46.47% y-o-y, National Bank of Romania data showed.

COMPANIES & MARKET

-Romania has been more resilient than other developed capital markets in September amid a complicated international context, said Radu Hanga, president of the Bucharest Stock Exchange (BVB), according to a BVB report.

-The number of deregistered companies at national level increased by 9.62% in January-August 2022, y-o-y, to 46,304, National Trade Register Office (ONRC) data showed.

-Automobile Dacia and Ford, Romania’s two carmakers, in January-Sepyember 2022 manufactured 381,971 passenger cars, up 21.2% y-o-y, ACAROM data showed.