POLITICS
-Prime Minister Nicolae Ciuca at the government meeting on Wednesday said that analyses are still being carried out at the level of each Ministry in regards to budget amendment and specified that there is a possibility of supplementing the state aid scheme budget dedicated to important investments in the economy with 1 billion RON.
-Minister of Agriculture Petre Daea stated on Wednesday that wheat harvesting has been completed nationwide and that the official figures will be announced next week; he also underlined that this year’s harvest is enough to ensure both domestic consumption and export.
-Contract regarding electricity commercial trade between Romania and the Republic of Moldova was signed on Thursday and the first electricity transactions between the two countries are estimated for the month of October, this year.
ECONOMY
-Romania’s annual inflation rate fell to 14.96% in July from 15.05% in June which was the highest reading since October 2003. Food prices rose the most since March 2003 (16.05% vs 14.67% in June).
-Gas prices were the most to go up in the last year, given that tariffs were higher by 70.10% in July 2022, as opposed to July 2021, according to the data published by the National Institute of Statistics (INS) on Thursday. Fuel prices went up by 35.63% and cooking oil by 51.86%.
-CFA Romania analysts predict an economic deceleration in the following 12 months, expect the Romanian leu to depreciate to an average of 5.1165 units to the euro, while they see double-digit inflation rate, a monthly poll showed Thursday.
-The average net salary in Romania went up by 1.2% in nominal terms in June compared to May, standing at 3,977 lei (EUR811), INS data showed.
COMPANIES & MARKET
-The number of erased companies increased by 15.3% during the first 6 months of this year, to up to 16,447, compared to 14,265 during the same period a year ago, according to the National Trade Registry Office (ONRC) data.
-Five in ten employees in Romania have changed their jobs at least once over the last two years, a survey carried out by recruiting platform eJobs Romania has revealed.
-Romania ranks second in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina, with an average price of EUR1,266/sqm, calculated based on data from the main cities and towns in the country, according to Deloitte Property Index 2022 conducted across 23 countries and 68 cities in Europe. Compared to the previous year, the average price is 7.3% higher.
