POLITICS
-Research, innovation and digitalization are the main tools of Romania’s economic growth model adopted by the Government, said Prime Minister Nicolae Ciuca, Agerpres reported.
-The Deputy Prime Minister of the Government of Romania, Kelemen Hunor, leader of the Hungarian Democratic Union of Romania (UDMR), told Europa FM he believes that Romania is ready to enter the Schengen area next year.
-Chairman of the Save Romania Union (USR) Catalin Drula wrote in a post on Facebook that he had a meeting, on Wednesday (Nov. 8), with President of the European Parliament Roberta Metsola and the discussions targeted the support for Romania’s accession to Schengen and for the Republic of Moldova.
ECONOMY
-The National Bank of Romania raised its key monetary policy rate by 50bps to 6.75% on its meeting on Tuesday (Nov. 8), less than market expectations of a 75bps hike. The decision marked the ninth consecutive rate increase to push borrowing costs to their highest since February 2010.
-Romania’s trade balance posted a deficit of EUR25.06 billion in the first nine months of this year, higher by EUR8.3 billion compared to the same period in 2021, National Institute of Statistics (INS) showed.
-The Euro trades at 4.9052 RON on Wednesday (Nov. 9), according to quotations announced by the banks authorized to operate on the currency market.
COMPANIES & MARKET
-The companies most appreciated by their employees in Romania are MassMutual, Nobel, JYSK Romania, KRUK Romania, and Decathlon Romania, according to a survey carried out by Undelucram.ro platform.
-The Romanian IT market’s volume could exceed EUR 12 billion in the next two years, a study by ANIS, the Employers’ Association of the Software and Services Industry, showed.
-The number of registrations of individuals and legal persons increased, in January-September 2022, by 3.32%, to 120,602, y-o-y, of which 90,814 are limited liability companies (SRL), according to National Trade Register Office (ONRC) data. Meanwhile, during the period under review, the number of companies running on foreign capital newly established in Romania increased by 32.6% to 5,523 units.
SOCIAL
-There are 1,188,000 Romanians who are on the verge of extreme poverty, who get food packages purchased on European funds, Minister of European Investment and Projects Marcel Bolos stated on Wednesday in Prahova.
-A number of 63,392 people entered Romania through border points throughout the country, of whom 7,586 were Ukrainian citizens, according to the General Inspectorate of the Border Police (IGPF).
