POLITICS
-Romania fully supports the leadership role assumed by the European Union in terms of limiting climate change and the joint commitment of the member states to reduce net greenhouse gas emissions, President Klaus Iohannis said on Monday at the Climate Implementation Summit within the United Nations Conference on Climate Change (COP27).
-The chairman of the National Liberal Party (PNL), Prime Minister Nicolae Ciuca, stated on Monday (Nov. 7) after meeting of the National Political Bureau of the PNL, that the liberals support the increase of pensions by 15% if the budget allows it.
-Security and defence co-operation between Romania and Croatia remains a very important dimension for security and stability in Europe, Speaker of the Romanian Chamber of Deputies Marcel Ciolacu told a plenary sitting of the chamber, adding that “it is fair” for both countries to join the Schengen area in December.
ECONOMY
-Retail trade volume, except trade of motor vehicles and motorcycles, increased by 4.5% in Romania, unadjusted, in the first nine months of 2022, y-o-y, National Institute of Statistics (INS) data showed.
-Romania’s development over the past 30 years has been impressive, World Bank Vice President for Europe and Central Asia Anna Bjerde stated on Monday (Nov. 7) , after her visit to Romania. The World Bank opened its office in Romania in 1991.
-Romania’s finance ministry raised RON1.23 billion on Monday (Nov. 7) through two government bond issue, at annual average yields of 9.13% and 9.43%, according to the National Bank of Romania (BNR).
COMPANIES & MARKET
-Returns expected by investors remain high, but the advance is moderate, as the cost of capital maintained its ascending path in the third quarter of 2022, an EY Romania analysis revealed.
-Almost all of Romania’s airports are carrying out or are set to start expansion and overhauling works, Ziarul Financiar reported with the total value of investments in local airports topping EUR600 million.
-The Black Friday campaign in Romania is expected to exceed EUR400 million in sales in the fashion, food, beauty, home-deco, and electronic sectors, according to estimates by consulting company Frames.
SOCIAL
-On Monday, 65,975 people entered Romania through the border crossing points throughout the country, of whom 6,835 were Ukrainian citizens, according to the General Inspectorate of the Border Police.
