Romania News

Romania News – Tuesday 25/10/2022


-President Klaus Iohannis has convened a meeting of the Supreme Council for National Defence (CSAT) at the Cotroceni Presidential Palace for today at 14:00.

-Training and endowment of Romanian Army, are key directions in strengthening defense capacity, Prime Minister Nicolae Ciuca stated on the occasion of the Romanian Army Day.


-Private lending in Romania increased by 16% in September y-o-y, to a total volume of RON364.7 billion, after local currency lending grew by 14.3% and foreign currency lending, expressed in lei, went up by 20%, National Bank of Romania data showed.

-Financial analysts part of CFA Romania see the Romanian leu depreciating to an average exchange rate of 5.0797 unit to the euro in the next 12 months, three-month ROBOR reaching 7.39% a year while expecting the inflation rate to hit an average value of 9.59%.


-Romania is the second major own production destination for some of the world’s strongest luxury fashion brands: Italian fashion house Prada last week opened a second plant in the Transylvanian city of Sibiu, while French-founded Moncler is building its second production unit in Bacau, Ziarul Financiar reported.

-Dedeman, the biggest Romanian-owned business built by local entrepreneurs opened a store in Brasov following a EUR19 million investment, with this being the first launch in 2022. The DIY company readies a new unit in Barlad.


-The Meridian National Trade Union Confederation is organizing a protest rally in front of the Government on Wednesday, among the demands being the increase in the gross minimum salary, compliance with collective labor contracts and the application of the laws adopted by Parliament.

-A number of 75,819 people entered Romania through border points throughout the country, of whom 7,693 were Ukrainian citizens, decreasing by almost 4.5 percent compared to the previous day, according to the General Inspectorate of the Border Police (IGPF).