POLITICS
-The Romanian government approved on Thursday (Nov. 17) the second positive budget revision of this year, with an additional 521 million RON provided for revenues to the general consolidated budget, while expenses increase by 522.1 million RON, Agerpres reported.
-The Republic of Moldova will be represented at the meeting of Foreign Affairs Ministers of the North Atlantic Treaty Organization (NATO), which will take place in Bucharest on November 29 and 30, according to a press release by the diplomacy in Chisinau.
-The Ministry of Finance estimates that there will be no sudden changes in taxes next year, Secretary of State Alin Chitu told a specialized event on Thursday (Nov.17).
ECONOMY
-Romania’s banking system net profit hit a new record high at the end of the first nine months of 2022, standing at RON7.6 billion, up around 20% y-o-y, as lending increased by an average pace of 16% year-on-year.
-The volume of construction works in January-September 2022 was 8.9% higher year-over-year in unadjusted terms, and 6.6% up expressed as workday and seasonally adjusted terms, National Institute of Statistics (INS) data showed.
-Romania ranks 13th in the EU, with a volume of 105,817 new passenger cars registered, up 8.1% compared with January-October 2021, ACAROM, the association of car manufacturers in Romania and ACEA data showed.
COMPANIES & MARKET
-Romania’s Schengen area’s membership would lead to strengthening the internal market of the European Union, to fluid intra-European trade and to more efficient European value chains, Chairman of the Association of Romanian Business People (AOAR) Florin Pogonaru told a news conference on Thursday (Nov. 17).
-Grants of up to EUR500,000 will be extended to Romanian firms that process grain, oilseeds and milk under a scheme approved by the Government through an emergency ordinance on Thursday (Nov. 17).
-Romanian government via the Authority for State Assets Management has taken over 75% in low-cost air carrier Blue Air, becoming the majority shareholder of the company.
SOCIAL
-More than 50% of Romanians believe that the situation in their country is worse than in 1989, according to a survey carried out by INSCOP Research as part of the their “Romania – Agenda 2050” project commissioned by the Strategic Thinking Group and released on Thursday (Nov. 17) at a news conference.
