On Monday, 13 September, the Ministry of Finance borrowed RON 431
million through a bonds issue due in 2029, at a 3.64% annual interest
rate. Seven primary dealers participated in the auction. The total
value of demand stood at RON 831 million, of which non-competitive
offers amounted to RON 1.8 million, and competitive ones totalled RON
829 million. Of the granted sum, banks offered RON 424.2 million on
their own behalf, and RON 5 million on clients’ behalf.
Annual inflation rate grew to 5.3% in August 2021, from 5% in July.
Prices of non-food products increased by 7.92%, those of food products
were up 2.7%, and services were 2.97% more expensive, according to data
published by the National Institute of Statistics (INS) on Friday, 10
September. INS data also indicate that consumer prices rose 0.2% in
August 2021 compared to July 2021. Inflation rate since the beginning
of the year (August 2021 compared to December 2020) has reached 4.7%.
Romania’s total external debt, both public and private, grew by EUR
6.05 billion during the period January-July 2021, to a total of EUR
131.98 billion. Of this sum, the direct public debt represented EUR
60.2 billion, up by EUR 2.94 billion against the end of last year, when
it stood at EUR 57.3 billion, according to data published by the
National Bank of Romania (NBR) on Monday. Of the total volume,
long-term external debt amounted to EUR 95.9 billion on 31 May 2021,
representing 72.7% of total external debt, up by 3.3% compared to 31
December 2020, and the short-term external debt was EUR 36.05 billion
(27.3% of the total external debt), having recorded an 8.9% advance
compared to the end of last year.
The National Agency for Fiscal Administration (ANAF) published the
updated version of the Fiscal Code and its application norms on the
institution’s website on 9 September 2021. The new version includes the
latest annotations and all the orders issued by ANAF and by the
Ministry of Public Finance until 3 September 2021.
The current account deficit increased to EUR 9.05 billion during the
period January-July, compared to EUR 5.35 billion, the level recorded
in the similar interval of 2020, an advance mainly generated by the
growing imbalance in the balance of goods and of primary income.
According to NBR data, Romania had a RON 12.7 billion deficit
corresponding to the international trade in goods at the end of July,
up by EUR 2.3 billion year-on-year.
Building materials manufacturer Soceram Câmpina has started production
in a new autoclaved aerated concrete (AAC) plant, located in Cordun
locality from Neamţ County, according to the information available on
the company’s website. Construction works lasted about three years and
involved over a hundred people, Ovidiu Crăciun, an engineer at Soceram,
indicated in a film presenting the new plant, posted in August 2021.
The investment exceeded EUR 20 million, Liviu Găină, a mechanical
maintenance manager, pointed out in the same presentation film.
Real estate developer Element Industrial announced on Monday, 13
September, that it would start works on the ELI Park Brăila logistics
project, an over EUR 25 million investment, on an 11-hectare land in
Brăila Free Trade Zone. The concept from Brăila is a flexible and
modular one, adapted to demand in the area. The minimum leasable units
thus start from 850 square meters, each being served by a dock and a
drive-in, an office area and dedicated parking spaces.
The Ministry of Labor and Social Protection announced on Monday, 13
September, that it would introduce new support measures for the
training and employment of people who benefit from a guaranteed minimum
income, as well as of young people. The institution has drawn up a
draft Government Emergency Ordinance (OUG) which stipulates, among
other things, that social assistance shall be maintained for another
six months if the beneficiary is employed for a period of minimum 24
months. If the employment contract is terminated due to the
beneficiary’s fault, the latter will have to return the money.
Moreover, social assistance beneficiaries shall have to come to the
County Employment Agency (AJOFM) every six months.
Former EU Commissioner Dacian Ciolos stated on Friday, 10 September,
that he would resign from the presidency of the Renew Europe group in
the EU Parliament if he became president of the party USR PLUS. Cioloş
mentioned that his mandate as a leader of the Renew group was valid
until the end of 2021, given that elections are held every two and a
half years in each European Parliament group.
The General Mayor of Bucharest Nicusor Dan has stated that financial
incentives for new-born babies and for adults with disabilities, as
well as the "Materna" vouchers will continue to be paid and that the
announcement on this topic published on Bucharest Social Assistance
General Directorate’s website does not match the reality. An
announcement had been published on Bucharest Social Assistance General
Directorate’s website, saying that newly submitted applications for
incentives would no longer be processed starting from 13 September.
The National Institute of Statistics announced on Monday that the
average number of pensioners had stood at 5.085 million in Q2/2021,
down by 14,000 people compared to the previous quarter, while the
average monthly pension had been RON 1,661, up by 0.7% against Q1/2021.
The average social security pension amounted to RON 1,601, and the
ratio between the average net nominal social security pension for age
limit with a full contribution period (excluding the taxes and the
contribution to the public health insurance system) and the average net
wage was of 3.2% (compared to 54.6% in the previous quarter).
Education Minister Sorin Cîmpeanu has stated that there are 200 schools
at national level which do not have an isolation room for students who
show symptoms of illness, in order to keep them away from the other
students until they receive a diagnosis. Moreover, among the
seismically verified buildings, 101 fit in the first seismic risk
class, another nearly 500 were classified as second seismic risk class
buildings, while many others have not been verified yet. On the first
day of the school year, Minister Cîmpeanu also spoke about the schools
that lack indoor toilets, pointing out that less than half of the EUR
40 million allocated to those schools in the Education Ministry’s
budget had been used in 2020.