POLITICS
-Prime Minister Nicolae Ciuca announced that the partnership agreement for the 2021 – 2027 programming period will be signed on Wednesday (Oct. 5), noting also that the 31 billion euros in European funds that Romania will receive under the cohesion policy will mean a huge leap for the country.
-Romania uploaded into the system, on Friday (Sept. 30), all the responses to the European Commission’s observations on the draft of the 2023-2027 National Strategic Plan (PNS), Minister of Agriculture and Rural Development Petre Daea announced according to Agerpres
-A simple motion against Interior Minister Lucian Bode will be debated and voted on next week in the Tuesday meeting, the Standing Bureau of the Chamber of Deputies has decided.
ECONOMY
-Romania’s economic growth will stand at 6.4% this year, but next year’s GDP could dip to just 1.0%, with risks to the downside, according to the latest edition of UniCredit Bank’s CEE Market Strategy report.
-The central bank of Romania raised its key monetary policy rate by 75bps to 6.25%, surprising markets. It was the eighth consecutive rate hike, pushing the borrowing costs to the highest since October 2011.
-The National Agency for Cadastre and Real Estate Advertising (ANCPI) has registered over 350,000 properties this year, free of charge for citizens, within the integrated cadastre and land register system, representing an area of over one million hectares. Another almost seven million hectares from 2,435 administrative-territorial units (UAT) are under construction.
-The Romanian economy should register a growth of 4.6% this year, the World Bank said on Tuesday in its “Global Economic Prospects” report. The Washington-based institution also sees fiscal deficits remaining elevated in Romania.
-The European Bank for Reconstruction and Development (EBRD) updated its economic forecast for Romania, projecting growth rates of 5.4% in 2022 and 1.9% next year – compared to 2.5% and 3.0%, respectively, envisaged in May.
COMPANIES & MARKET
-The number of commercial companies and authorized individuals (PFA) that entered insolvency grew by 11.28% in January-August 2022, compared to the same period last year, with 4,282 insolvencies being registered, National Trade Registry Office (ONRC) data showed.
-The prices of old three-room apartments in Bucharest decreased, on average, by EUR750 or 0.7% to EUR108,350 last month, the Ziarul Financiar Real Estate Index done in partnership with real estate consulting company SVN Romania showed. The decline is higher than the EUR150 registered in August versus July.
-With almost 0.5 million square meters under construction and 44% of the surface area under construction already pre-leased, the modern industrial space stock in Romania stood at 5.9 million sqm in the first half of 2022, CBRE Romania data showed.
SOCIAL
-On Tuesday (Oct. 4), 64,738 people entered Romania through border checkpoints throughout the country, including 7,696 Ukrainian nationals, down by about 6% compared to the previous day, according to the General Inspectorate of the Border Police.
