POLITICS
-The government published on Wednesday new draft amendments to the Tax Code, with the main additions regarding new deadlines for specific taxation and changes in the income tax system of micro-enterprises.
-Romania agreed to allow Ukrainian grain bulkers to use Chilia, Bastroe canals, Romania’s Foreign Ministry (MAE) informed the Ukrainian Foreign Ministry on Wednesday.
-Prime Minister Nicolae Ciuca said on Thursday, on the occasion of Bastille Day, that the bilateral relationship between Romania and France is at a three-decade high.
ECONOMY
-Romania’s industrial turnover overall (domestic and foreign market) increased by 27.3% up in nominal terms in January-May 2022 compared to the same period in 2021, mainly due to growth in the mining industry (141.1%), followed by the manufacturing industry (24.2%), National Institute of Statistics (INS) data showed.
-The population’s electricity consumption was 22.231 billion kWh, during the first 5 months of the year, falling 4.1% compared to the same period in 2021, according to INS data.
-Romania’s economy is expected to increase by 3.9% in 2022 and by 2.9% in 2023, the European Commission said in its summer economic forecast.
-Romania’s current account balance posted a deficit of EUR10.2 billion in the first five months of 2022 up 80% compared to the same period in 2021, central bank data showed.
-Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, overshot the 7% psychological threshold, increasing to 7.05% y-o-y on Thursday (July 14) from 6.99% y-o-y on Wednesday (July 13).
COMPANIES & MARKET
-Businessmen’s representatives are dissatisfied with the amendments proposed by the executive to the Fiscal Code, Radio Romania News reported. At the recent discussions in the Government, they asked for more time to analyze these measures and postpone their entry into force.
