Romania News

Romania News – Tuesday 20/09/2022

POLITICS

-President Klaus Iohannis will lead the Romanian delegation that will participate in the high-level segment of the 77th session of the General Assembly of the United Nations, on Tuesday and Wednesday, in New York.

-Prime Minister Nicolae Ciuca said on Tuesday that the government will continue to support the business environment with solutions to ensure an “appropriate” dynamic of the Romanian economy is maintained.

-About 4 million tonnes of grain from Ukraine have already transited Romania through Romanian ports, the Minister of Foreign Affairs, Bogdan Aurescu, told the informal EU Foreign Ministers meeting on Monday.

ECONOMY

-Romania’s digital economy could grow 3.5 times, to approximately 52 billion euros in 2030, compared to 14.8 billion euros last year, a report titled “Digital Challengers on the Next Frontier” by McKinsey & Company showed.

-Almost half (47%) of Romanians have limited their spending in the last year due to price hikes, and a quarter are saving money for education and professional training, according to the “Money Matters” survey, carried out annually by Austrian banking group Erste.

-The unemployment rate recorded in Bucharest, in August stood at 1.08%, slightly down compared to the previous month, Bucharest Municipal Employment Agency (AMOFM) data showed.

COMPANIES & MARKET

-Romania is likely to end 2022 with first major solar power parks installed after 2014 market freeze, Ziarul Financiar reported citing developers on the market.

-Cargus, the first courier company on the Romanian market, conducted a study between August and September 2022 which showed that 3 out of 4 users prefer delivery at click & collect points for lower costs and flexible package pick-up schedule

-Almost three-quarters of the largest construction companies in Romania (73.6%) attribute the delays in the execution of the works to the increase in the prices of construction materials, a report published by IBC Focus, a marketing company specialized on the construction market, showed.

SOCIAL

-Romania has the lowest percentage of the population which travels annually for personal purposes According to an infographic Social Monitor, a project of Friedrich-Ebert-Stiftung Romania, “only 18% of the Romanians between 15 and 65 travelled for personal purposes for at least one night in 2020”.