POLITICS
-The government approved, on Friday (Oct. 28), an Emergency Ordinance on the establishment, organization and functioning of the Romanian Agency for Investments and Foreign Trade, Agerpres reported.
-Romanian Prime Minister Nicolae Ciuca told a government sitting that he discussed Romania’s accession to the border-free Schengen area at meetings with European officials during his recent visit to Brussels.
– Economy Minister Florin Spataru wrote in a Facebook post on Friday that the reform of the defence industry is not only imperative, but also urgent.
ECONOMY
-The National Strategy and Forecast Commission (CNSP) revised upwards its 2022 economic growth estimate to 4.6%, 1.1% points above its summer forecast. The Commission also sees the consumer price index remaining above 15% at the end of the year, respectively 15.2%, and dropping to 8% in 2023 and to 3.7% in 2024.
-Romania’s unemployment rate at national level, stood at 2.88% in September, down 0.03 percentage points y-o-y, National Agency for Employment (ANOFM) data showed.
-The European Commission makes first EUR 2.6 billion disbursement to Romania under the Recovery and Resilience Facility.
-The number of companies in financial difficulty has increased by over 30,000 over the last two years, according to an analysis of Sierra Quadrant, made on the basis of National Trade Register Office’s data.
COMPANIES & MARKET
-Orange Romania, RCS & RDS and Vodafone Romania are the three telecommunications operators which submitted applications for allocation of 5G frequencies, to the National Communications Administration and Regulation Authority (ANCOM).
-U.S. Trade and Development Agency (USTDA) has awarded a grant of $14 million to Romania’s RoPower Nuclear SA (RoPower), the project company for the development of the small modular reactors recently established by Nuclearelectrica and Nova Power & Gas, Ziarul Financiar reported.
-The Bucharest Stock Exchange organizes a roadshow from November 3-29 in four Romania cities (Cluj-Napoca, Timisoara, Iasi and Bucharest) to present the business community with solutions for further development.
-Romanian retailers expect an increase in sales between 60% and 200% on Black Friday 2022, compared to a period without discounts, from promotional campaigns sent by email and SMS, according to data from White Image, the largest email marketing company on the local market.
SOCIAL
-Children who grow up in poverty or social exclusion encounter difficulties in doing well in school, enjoying good health and realising their full potential later in life. Among the EU Member States in 2021, the highest shares of children at risk of poverty or social exclusion were recorded in Romania (41.5%), Spain (33.4%) and Bulgaria (33.0%), Eurostat data showed.
