Romanian Market News

Romanian Market Daily News– 22/11/22


09:58 Romanian President Iohannis called on Bucharest-listed OMV Petrom, the largest integrated energy company in Southern and Eastern Europe, to start offshore exploitation as soon as possible in Neptun Deep perimeter, the Presidential Administration said.

09:39 Prime Minister Nicolae Ciuca, the national leader of the National Liberal Party (PNL), wrote on social media on Monday (Nov. 21) that the ruling coalition decided to increase the state pension computation point by 12.5% starting in 2023 and grant cash aid to pensioners drawing pensions up to RON 3,000.

09:26 Minister of Foreign Affairs Bogdan Aurescu wrote on Twitter on Monday that he discussed Romania’s Schengen accession on Monday (Nov. 21) with French President Emmanuel Macron, and with his Swedish counterpart Tobias Billstrom.


09:29 The National Bank of Romania, as of Nov. 28, will put into circulation for numismatic purposes a gold coin to mark 300 years since the construction of the Kretzulescu Church in Bucharest. The coin has a nominal value of 100 RON, round shape, diameter of 21 mm, weight of 6.452 grams and serrated edge.

09: 24 Cross-border projects worth over 70 million EUR are financed through the Romania – Republic of Moldova Program, according to the Ministry of Development, Public Works and Administration.

09: 19 The Czech Republic, Romania and Hungary face the risk of a crisis of the exchange rate next year, as the fiscal and foreign challenges multiply, consider the analysts of the investment bank Nomura Holdings Inc. in a report published on Monday, Bloomberg reported.


10:45 Last year major retail networks registered overall turnover almost 20% higher than in 2019, and 60% above the consumption growth rate of the past two years (12.5%) and above the overall inflation of 2020-2021, of 7.8%, according to Romania Retail Snapshot survey conducted by Cushman & Wakefield Echinox.

10:29 Italy’s Enel, the biggest private investor in electricity distribution, will withdraw from Romania starting next year, according to official statement of the group.

10: 14 The net assets of the funds opened for local investments stood at a value of approximately 15.7 billion RON in September, down 4% compared to the previous month, a report by the Financial Supervisory Authority (ASF) shows.

10:07 The number of online card transactions on Black Friday this year was approximately up 27% compared to the previous edition of the shopping bonanza, and on average Romanians spent around 322 RON online, slightly down from 370 RON in 2021, data by payment processor Netopia Payments show.

10:00 Romanian cattle rank the lowest in productivity per-cow head among European Union countries in 2021 (3,362 kilograms), says a new data published by Eurostat this month.

09:48 The alarming increase in interest rates, the inflation, as well as the energy sector crisis have caused requests to acquire housing to drop in recent months in Romania, a study conducted by ValorEasy shows.


10:47 Three out of ten smartphone users in Romania (31%) are considering subscribing to 5G services in 2023, the Ericsson ConsumerLab report “5G: The Next Wave” revealed.


11:01 A number of 65,857 people entered Romania through border points throughout the country, of whom 6,614 were Ukrainian citizens, down by almost 8% compared to the previous day, the General Inspectorate of the Border Police (IGPF) informed.

14:22 The Romanian government will pay RON 15,000 for in vitro fertilisation (IVF) procedures, and applications can be submitted online from December 5, according to Minister of Family, Youth and Equal Opportunities Gabriela Firea.



14:27 With over 100 years of activity, the Clujana shoe factory, an emblem of the city and of Romania in this field, has stopped its production activity and may enter bankruptcy by the end of the year, Ziua de Cluj reported.


Timisoara must become a functional and non-polluting city. In 2022, 50% of the city’s investment budget is directed towards mobility and transport. The city hall runs three types of infrastructure projects simultaneously: Boulevard rehabilitation, main arterial repairs, replacement of heating and water – sewer networks, Timis Online reported.

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