POLITICS
-President Klaus Iohannis promulgated on Thursday a law that provides for an increase in the unemployment benefit to people with a contribution period of at least one year, which will be equal to the value of the reference social indicator, Agerpres reported.
-Investments in green energy, digitalization and intelligent transport represent the future of Romanian-Japanese economic relations, Prime Minister Nicolae Ciuca said after meeting several Japanese officials, including the governor of the Japan Bank for International Cooperation (JBIC).
-Romania reiterates its condemnation, in the “strongest terms”, of the so-called “referendums” held between September 23 and 27 in the regions illegally occupied by Russian troops in Ukraine, a press release from the Romanian Ministry of Foreign Affairs (MAE) read. The MAE also recalls and reiterates with insistence the recommendations addressed to Romanian citizens since February to avoid non-essential travel to the Russian Federation, and those who are temporarily in this country to consider leaving the territory of the Russian Federation as soon as possible.
ECONOMY
-A total of 51 million tons of freight went through Romanian maritime ports in Jan-August 2022, up 13% y-o-y, preliminary data supplied by the Maritime Ports Administration Constanta show.
-Financial analysts part of the CFA Romania association see the Romanian leu depreciating to an average of 5.04 units to the euro in the next 12 months, the annual inflation is seen averaging 10.05% during the same period, while they expect GDP Growth of 4.1% in 2022, a monthly poll by CFA Romania shows.
-The European Bank for Reconstruction and Development (EBRD) revised upwards its forecast on Romania’s economic growth to 5.4% this year from a previous projection of 2.5%, which translates into an increase of 2.9 percentage points.
COMPANIES & MARKET
-For the next three months, Romanian managers are expecting a sharp increase in prices in construction and retail trade, data published by the National Institute of Statistics (INS) showed.
-The shareholders of One United Properties, one of the largest real estate investors in Romania, in the 28 September meeting of the General Assembly of Shareholders (AGA) approved the distribution of the first tranche of 2022 dividends, namely the payment of a dividend worth RON36.1 million, meaning RON0.13 per share, on November 3 to all shareholders owning ONE shares on October 18.
SOCIAL
-Romania ranks third in the European Union in terms of the percentage of young people at risk of poverty or social exclusion (31%), a study launched by the Romanian Academic Society and the Association for Active Development reveals.
