Romania News

Romania News – Monday 31/10/2022

POLITICS

-Food and energy security are priorities in the coming period, PM Nicolae Ciuca wrote on Sunday (Oct. 30), on his Facebook page.

-Chief of the Defence Staff (SMAp), General Daniel Petrescu, will pay an official visit to the US, as of Monday, 9 November, according to a press release of the National Defense Ministry (MApN).

-Sources: Energy bills could rise by 50%. The Social Democratic Party wants a regulated price of 1.2 lei/kWh and support for those with low incomes, Digi24 reported.

ECONOMY

-The number of building permits for residential areas was down 11.8%, in first nine months of 2022 y-o-y, National Institute of Statistics data showed.

-A legislative project initiated by more than 100 parliamentarians recently submitted to the Senate stipulates the obligation for all Romanian citizens to have a bank account in which they will receive their salary or pension, as the case may be, Adevarul reported.

-In Romania, the anticipated average exchange rate for the 6-month horizon is 4.95 – 4.98 lei for one euro, while for the 12-month horizon it is 5.03 – 5.05 lei for one euro, according to a macroeconomic analysis by iBanFirst.

COMPANIES & MARKET

-The Bucharest Stock Exchange (BVB) earned 1.125 billion RON in capitalization, 0.63pct, last week, while the value of transactions with shares increased by 7.32%, compared to the previous week.

-Companies in the agricultural sector had a record year in 2021 in terms of turnover, registering the biggest jump in the last 10 years, Capital.ro reported.

-Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, will pay on Nov. 3 the half-year dividend of RON0.013 per share while on Nov. 4 will distribute to shareholders bonus shares in proportion of one bonus share for every three shares held.

SOCIAL

-The victims of the October 30, 2015 fire at Colectiv Club in Bucharest were commemorated, on Sunday, in front of the club, by more than 120 people who lit candles and laid flowers next to pictures with the story of those who lost their lives, Agerpres reported.