POLITICS
-President Klaus Iohannis voiced his optimism, on Wednesday (Oct. 12), in relation to Romania’s accession to the Schengen area, adding that a failure to meet this national objective would lead to the rise in Euroscepticism, deeming it a hypothetical option, Agerpres reported.
-Prime Minister Nicolae Ciuca will be in Arges county on Thursday (Oct. 13), where he will visit the Dacia Industrial Platform in Mioveni, and will also have a working meeting with the management of the company.
-National leader of the Social Democratic Party (PSD) Marcel Ciolacu will participate from Thursday to Saturday (Oct. 13-15) in Berlin, in the Congress of European Socialists (PES Congress), where a resolution on firm support to Romania’s accession to the Schengen area will be voted on, according to Agerpres.
-Vice-President of the European Commission for Democracy and Demography Dubravka Suica is paying an official visit to Romania, Thursday to Saturday (Oct. 13-15), the European Commission Representation in Bucharest announced.
ECONOMY
-Romania’s three-month ROBOR index, based on which the cost of consumer loans in lei with variable interest is calculated, surged to 8.11% a year on Wednesday (Oct 12) from 8.03% a year on Tuesday (Oct 11), National Bank of Romania data showed.
-Romania’s industrial production decreased by 1.2% in unadjusted data in January-August 2022 y-o-y and by 2% when adjusted for seasonality and number of working days, National Institute of Statistics (INS) data showed Wednesday (Oct 12).
-The Senate adopted on Wednesday (Oct 12), with 67 votes for and 37 against, the amendments to ordinance 16/2022 by which the tax scale for residential buildings owned by individuals was increased by up to 50%.
COMPANIES & MARKETS
-The Romanian Government on Wednesday (Oct. 12) adopted, at the proposal of the Ministry of Energy, an emergency ordinance on establishing a state aid scheme of EUR1.5 billion, for the period 2022-2030, for companies operating in energy-intensive sectors, Ziarul Financiar reported.
-Bucharest-listed One United Properties obtained the building permit for Phase 2 of One Mamaia Nord, a project under development on the Romanian seaside.
-OMV Petrom, the largest integrated energy company in South-Eastern Europe, said in a stock market report on Wednesday (October 12) that it would invest almost EUR130 million in the next three years to build a new unit of aromatic products at the Petrobrazi refinery.
-Franklin Templeton deputy CEO Marius Dan told Reuters on Tuesday (Oct. 11) that plans to float a 15%-20% stake in Hidroelectrica in a 2.5 billion euro deal may have to be downsized if the Romanian government continues to resist a dual listing in Bucharest and London.
