Romanian Market News

Romanian Market Daily News – 21/11/22


13:14 President Klaus Iohannis signed, on Monday, the decrees regarding the promulgation of laws denouncing the Intergovernmental Agreement on the establishment of the International Investment Bank (IIB) and its Statute and the Convention on multilateral settlements in transferable rubles and the organization of the International Bank for Economic Cooperation (IBEC), Agerpres reported.

09:58 Romania’s Foreign Minister Bogdan Aurescu will co-chair on Monday (Nov. 21) in Paris the third ministerial conference of the Moldova Support Platform, a permanent support tool created at the initiative of the foreign ministers of Romania, Germany and France.

09: 52 Mircea Abrudean, head of the Romanian Prime Minister’s Chancellery, reconfirmed Romania’s commitment to the implementation of the Organisation for Economic Co-operation and Development (OECD) recommendations at ministerial meeting in Luxembourg, according to a government statement.

09: 48 Right Force Party national leader Ludovic Orban stated on Sunday (Nov. 20) that Right Force Party, together with Save Romania Union (USR), decided to challenge at the Constitutional Court the amendments to the Fiscal Code.


12:55 Only 27.7% of Romanians benefited from salary increases this year, among whom 47.1% benefited from salary increases of up to 5%, and 36.8% from increases between 5% and 10%, a survey conducted by the CEC Bank in partnership with the banking comparator

09:43 The net average wage in Romania grew by 12.9% to RON 3,970 (EUR 808) in Q3 y-o-y, but the high inflation turned the nominal growth into a 2.2% annual contraction, National Institute of Statistics data showed.

09:40 Over 1.1 million hectares are affected by drought in 37 counties and Bucharest, according to the Ministry of Agriculture and Rural Development (MADR).

09: 37 Romania ranks as the sixth automobile producer in the EU, with 376,047 units, in the first nine months of this year, up 20% y-o-y, according to the ACEA report on the first three quarters of the year.


09:32 The European Commission has approved an aid scheme worth approximately EUR500 million (RON 2.5 billion) notified by Romania to support businesses across all economic sectors amid the Ukraine conflict.

09: 29 Nine Romanian entrepreneurial companies with a combined turnover of over EUR335 million and some 3,150 employees received the Deloitte Best Managed Companies certification for management excellence assessed against international best practices, at the end of the program’s first edition in Romania, organized in partnership with Banca Transilvania.

09:28 Between October 2021 – September 2022 Romanians bought medicines worth RON24 billion (EUR5 billion) at wholesale prices, up 21% y-o-y, according to health technology company Cegedim customer information report.


10:28 The probability of a major cyberattack ranks second, after the global recession, in the top five scenarios that Central and Eastern Europe (CEE) CEOs, including those in Romania, are integrating into their resilience plans for 2023, PwC reveals.


10:36 On Sunday, a number of 79,685 people entered Romania through border points throughout the country, of whom 7,214 were Ukrainian citizens, down by almost 17% compared to the previous day, according to the General Inspectorate of the Border Police (IGPF).


14:22 Dubai-based DP World, one of the largest port operators in the world, plans to build in Romania’s Constanta port the first terminal dedicated to trucks and semitrailers (RORO), as well as the largest project cargo terminal, reported.


17:43 Fifty tons of second-hand clothes, stopped from being sold in Brasov. The Commissioners of Consumer Protection detected irregularities and 54 economic operators were verified, reported.

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