POLITICS
-Angel Tilvar swore the oath of office as Minister of Defense on Monday (Oct. 31), before President Klaus Iohannis, in a ceremony that took place at the Cotroceni Palace. The National Political Council of the Social Democratic Party (PSD) unanimously decided, on Monday, to nominate Senator Tilvar as Minister of Defence.
-The plenum of the Chamber of Deputies on Monday passed the draft budget of the Chamber of Deputies for the year 2023, after the same forum’s standing bureau approved the draft earlier in the day, Agerpres reported.
-The chairman of Save Romania Union (USR), Catalin Drula, stated on Monday evening, on the public television station TVR Info, that Romania will go through an economic crisis, something that the entire political class knows, but the representatives of power “don’t care.”
ECONOMY
-Romania’s Finance Ministry raised RON475.2 million on Monday (October 31) selling bonds maturing in October 2032, at an annual average yield of 9.25%, according to data published by the National Bank of Romania (BNR).
-Ireland and Romania register the lowest tax-to-GDP ratio in the EU, Eurostat data showed.
-The rising cost of construction materials, higher utility costs and the war on the border curb Romanians’ appetite for home renovation, according to a Star Stone survey.
COMPANIES & MARKET
-The number of employees in Romania’s outsourcing industry has increased by almost 30% in the past three years, to more than 230,000 persons, data included in the annual report of the Association of Business Services Leaders in Romania (ABSL) showed.
-Turkey is Romania’s first trade partner outside the European Union, deputy Iusein Ibram, member of the parliamentary group of national minorities, said on Monday in an intervention in the plenary sitting of the Chamber of Deputies.
-Insurance-reinsurance brokerage Millenium Insurance Broker, during October 17-25 period carried out a private placement with a view to its listing on the AeRO market of the Bucharest Stock Exchange, in the wake of which it raised around RON4.2 million, Ziarul Financiar reported.
SOCIAL
-On Monday (Ocr.31), 76,618 people entered Romania, through border checkpoints across the country, of whom 7,508 were Ukrainian nationals, a decrease of almost 15% compared to the previous day, according to the General Inspectorate of the Border Police.
