INVESTMENT
The government approved, on Friday (Oct. 28), an Emergency Ordinance on the establishment, organization and functioning of the Romanian Agency for Investments and Foreign Trade, Agerpres reported.
COMPANIES
-The number of Romanian companies in financial difficulty has increased by over 30,000 over the last two years, the biggest problems being recorded in trade, distribution and constructions, according to an analysis of Sierra Quadrant, made on the basis of National Trade Register Office’s data.
-Local construction materials producer and retailer Damila reported turnover worth RON489.8 million (EUR99.5 million) for 2021, up 62% y-o-y, according to Ziarul Financiar calculations based on finance ministry data.
MACROECONOMY
The National Strategy and Forecast Commission (CNSP) sees the consumer price index remaining above 15% at the end of the year, respectively 15.2%, and dropping to 8% in 2023 and to 3.7% in 2024.
COMMODITIES
A new investigation by the Romanian branch of environmental NGO World Wide Fund for Nature (WWF) shows that over 40% of the wood shipments coming out of forests in Brasov and Sibiu counties are illegal. The phenomenon of illegal logging, already plaguing Romanian forests before, worsened significantly weeks after a government ordinance capping the price of firewood at RON 400 (EUR 82) per cubic meter.
