POLITICS
-The President of Palestine, Mahmoud Abbas, will pay an official visit to Romania on Tuesday, at the invitation of President Klaus Iohannis, according to the Presidential Administration. The visit reflects and reconfirms the “solidity” of the bilateral relationship, which is “deep” and “long lasting.”
-Prime Minister Nicolae Ciuca said on the Government’s Facebook page that the World Bank’s economic growth forecast at an annual average of 5.2% for the period 2022 – 2030 confirms the “positive trend” of the Romanian economy and its long-term development potential.
ECONOMY
– Romania’s government’s debt rose to 602.871 billion lei in April from 593.972 billion lei in March, the Ministry of Finance data showed. Relative to GDP, the government debt rose to 49.2% from 48.4% at the end of March.
-The recent hike of the interest rate by the National Bank of Romania places Romania in the top 5 of the countries with the highest interest rates in the EU and the first ten countries with high interest rates in Europe, according to an analysis eToro. Romania is 9 – 10 equality with Iceland (4.75%) before Romania being Poland (6.5%), the Czech Republic (7%) and Hungary (7.75%).
COMPANIES & MARKET
– Companies operating on the Romanian financial market received capital injections of 34.05 million euros from foreign shareholders in January-May 2022, down 40% compared to the same period in 2021, when these totaled 56.9 million euros, Romania’s National Trade Register Office data reveal.
