POLITICS
-The budget revision will take place at the beginning of August, deputy Prime Minister Kelemen Hunor, leader of Hungarian Democratic Union of Romania (UDMR), told private broadcaster B1 TV.
-Romanian farmers may change destination of drought-hit crops, get per area subsidies, Minister of Agriculture and Rural Development Petre Daea told news agency Agerpres after the Alliance for Agriculture and Co-operation requested that a state of calamity be declared as a result of severe soil drought.
-According to Romania’s Foreign Minister Bogdan Aurescu a memorandum on an agreement with Ukraine for the establishment of new border crossing points between Romania and Ukraine can be approved at the next government meeting.
ECONOMY
-Romania’s industrial production fell 0.8 percent in the first five months of 2022 in unadjusted terms compared to the same period in 2021 before on account of the decline in the production and supply of electricity and heat, gas, hot water and air conditioning, and in the mining industry, data released by the National Institute of Statistics (INS) showed.
-Bucharest City’s jobless rate as of end-June stood unchanged at 1.10 percent, as 13,437 unemployed persons were registered with the Bucharest Municipal Employment Agency (AMOFM).
-Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, moved up on Wednesday to 6.99% from 6.93% on the day before, the National Bank of Romania informed.
COMPANIES & MARKET
– Most companies in Romania (75%) have adjusted or will adjust salaries to account for inflation, the PwC Barometer revealed. According to the survey, 41% of companies have revised upwards their salary.
-The number of real estate companies increased by over 20% over the last four years across Romania, reaching a total 18,653, National Trade Register Office data showed.
-The third edition of 2022 Start-Up Nation program in Romania kicks on July 19 with a total budget projected at RON2.2 billion – out of which the Government has secured RON 520 mln so far and is expected to provide the rest under the budget revision.
