Romania News

Romania News – Tuesday 04/10/2022


-Romania continues to be solid, reliable partner of Germany in central and south-eastern European area, President Klaus Iohannis told an event organized on the occasion of German Unity Day on Monday (Oct. 3).

-Prime Minister Nicolae Ciuca will support Ligia Deca, the new Minister of Education, in finalizing the Educated Romania project, so that the new education laws reach Parliament by the end of the month, Agerpres reported.

-Minister of Foreign Affairs, Bogdan Aurescu, on Monday (Oct 3) participated, via videoconference, in the 12th session of the EU-Israel Association Council, the first in the last decade.


-Industrial producer prices (domestic market and foreign market) increased by 53% in August y-o-y, data National Institute of Statistics (INS) data showed on Tuesday (Oct. 4).

-Most of the chief economists in the Romanian commercial banks expect the National bank of Romania (BNR) to increase by 50 basis points the key interest rate in the monetary policy meeting on Wednesday (Oct 5). The median of the Bloomberg survey is +50bp,” said Ciprian Dascalu, chief economist of BCR Erste Bank, reported


-Bucharest-based OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia, four photovoltaic (PV) parks with a total power capacity of ~450 MW, with investments set to top EUR400 million, Ziarul Financiar reported.

-Corporations and companies located in Bucharest, Cluj, and Timiş employ around 98,000 people in IT who enjoy some of the highest salaries in the industry, according to Ziarul Financiar calculations based on INS data.


-On Monday (Oct 3), 75,059 people entered Romania through border points throughout the country, of which 8,171 were Ukrainian citizens, down by about 8% compared to the previous day, according to the General Inspectorate of the Border Police.