Romania News

Romania News – Tuesday 15/11/2022


-President Klaus Iohannis signed on Tuesday ( the decrees for the promulgation of the Law on the status of judges and prosecutors, the Law on judicial organization and the Law on the Superior Council of Magistracy, Agerpres reported.

-Labour Minister Marius Budai told the Parliament on Tuesday that he wants the new version of the minimum wage to enter into force as of 1 January, most likely 3,000 lei, of which 200 lei to be exempt from tax.

-Romania’s Foreign Minister Bogdan Aurescu on an official visit to Hungary, met Prime Minister of Hungary Viktor Orban in Budapest on Tuesday, according to the Romanian Foreign Ministry (MAE). The Romanian-Hungarian Chamber of Commerce, based in Budapest, is to be inaugurated next year, Aurescu, announced.


-The Government completed the analysis for the last budget revision of this year, concluding that it will be positive, with an increase in the revenues of the general consolidated budget by 500 million RON.

-Romania’s economy slowed down to 1.3 percent in Q3 2022 in real terms (in unadjusted data) compared to the previous quarter, from a quarterly growth rate of 1.8 percent in Q2, a flash estimate by the National Institute of Statistics (INS) showed.

-Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, fell to 7.98% a year on Tuesday (Nov 15), National Bank of Romania (BNR) data showed.

-Romania’s industrial sales increased by 26.6% in January-September 2022 y-o-y, INS data showed.


-Romania places 39th among the world’s 61 most attractive countries for green infrastructure investments ranked by PwC in its Green Infrastructure Finance Propensity Index.

-Central European companies intend to invest in the next two years in research and development (R&D) activities the same annual amount as they did in the last three years, and 25% of the companies surveyed plan to increase their investments in such activities, according to the Deloitte Central European Corporate R&D Report 2022 conducted in seven countries in the region, including Romania.

-Nuclearelectrica, the only nuclear producer in Romania, and Beltrame have signed a memorandum of understanding on the development of small modular nuclear reactors in Romania.

-The number of direct investors at the Bucharest Stock Exchange (BVB) is continuously increasing for the 11th consecutive quarter and reached 128,000 investors for the first time, according to FCI data at the end of the first 9 months.

-Investment fund Fondul Proprietatea run by investment manager Franklin Templeton will launch an initial public offering for state-controlled power producer Hidroelectrica on the BVB following a shareholders’ decision on Tuesday, ditching an initial plan for a dual listing, Fondul manager Johan Meyer told reporters.


-A total of 4,850 Ukrainian citizens found jobs in Romania since the military conflict started in Ukraine on February 24, according to labour minister Marius Budai.