Situation of COVID-19 cases in Romania

  • Romania reports 38% positive tests in 24 hours: Romania recorded 4,041 Covid-19 cases in the past 24 hours out of 10,566 tests carried out over the same interval, putting the share of positive tests at 38%. The total number of cases in the country reached 250,704 on Monday, November 2, the Strategic Communication Group announced in the daily report. Over the weekend, there have been 5,753 new cases on Saturday (at 36,181 tests) and 5,324 new cases on Sunday (at 21,423 tests).

Politics 

 

  • Bucharest keeps schools closed, restrictions in place for another two weeks: The restrictions that currently apply in Bucharest have been extended for 14 more days, the County Committee for Emergency Situations in Bucharest decided on Monday, November 2. This means schools remain closed, as well as indoor restaurants and cafes, theaters, and cinemas, while mask-wearing is mandatory in all public outdoor and indoor venues. The measures are in place until November 16.
  • Romanian PM to meet Benjamin Netanyahu during official visit to Israel this week: Romania’s prime minister Ludovic Orban will make an official visit to Israel this week; trade and economic relations on the agenda.
  • Romania’s Govt. to amend 2020 budget, pass 2021 budget law after Dec 6 elections: Romania’s ruling Liberal Party (PNL) hopes to amend the 2020 budget and pass the 2021 budget planning through the Parliament after the December 6 general elections.
  • PM Orban takes credit for ratings: Fitch and Moody’s reaffirming Romania’s sovereign rating, a great victory of the Gov’t, Chairman of the National liberal Party (PNL), Prime Minister Ludovic Orban, said on Monday adding that there are no talks with IMF.
  • US Ambassador in Bucharest says strongly believes Romania can be world leader and role model in entrepreneurship: A healthy entrepreneurial environment is a key element in building and consolidating democracy, and Romania can be a world leader and a role model for countries in the region, the US ambassador in Bucharest, Adrian Zuckerman, said on Friday, at a CNIPMMR event.
  • Subsidized wind turbines in the Black Sea. The bill has cleared the Senate tacitly and will be debated by the deputies: The law for the promotion of offshore wind investments submitted, among others, by the well-known PSD deputy Iulian Iancu, was tacitly adopted by the Senate and follows to be debated by the Deputies Chamber.
  • Bogdan Chiriţoiu: Unfair Competition Law to be amended so that small companies will be protected: The law on unfair competition will be amended, Competition Council’s Bogdan Chiriţoiu said for News.ro. The main change aims at protecting small businesses from the abuse of superior bargaining power of larger companies.

 

Impact on the economy

  • Second-biggest lender in Romania sees higher operating results amid difficult market context: BCR recorded a net profit of RON 846 mln (EUR 175 mln) in the first nine months of this year, up 2.4 times compared to the same period of 2019.
  • Polish oil group PKN Orlen seeks opportunities to expand in Romania: Polish oil refiner and fuel retailer PKN Orlen said it is analyzing attractive development directions, including a possible expansion in Romania.
  • Romania’s Govt. eyes Exxon’s 50% stake in Neptun Deep offshore block: Romanian state-controlled gas producer Romgaz plans to purchase from US group ExxonMobile the 50% stake in the Neptun Deep offshore gas perimeter, according to a plan sketched by the Government and confirmed by the minister of economy and energy Virgil Popescu.
  • PM Orban: Romania’s economy among the least hurt in Europe: Romania’s economy boasts among the best performances in Europe in terms of investments, industrial activity, and employment, says prime minister Ludovic Orban.
  • Romania’s Govt. says central bank should help more: Romania’s National Bank (BNR) has failed to purchase enough Government debt and has kept the monetary policy rate at high levels, finance minister Florin Citu said. “Romania still has room to reach zero or even negative (interest rates),” Citu added.
  • Fitch affirms Romania’s rating, keeps negative outlook: International rating agency Fitch affirmed the rating for Romania’s foreign currency and local currency long-term debt (Issuer Default Rating) and the senior unsecured rating at ‘BBB-‘, with a negative outlook.
  • EP decision postpones Timişoara’s European Capital of Culture program to 2023: Timişoara, a city in western Romania, will hold the European Capital of Culture title in 2023 after the European Parliament’s CULT committee backed the proposed extension of 2020 European Capitals of Culture programs to next year.
  • Final energy consumption increases by 1.1 pct in 2019, over previous year: The final energy consumption in the year 2019 has increased by 264,000 tons oil equivalent (toe), an increase of 1.1 pct over 2018, according to data published on Monday by the National Institute for Statistics (INS), as reported by AGERPRES.
  • OMV sues the Romanian state in Paris again over the reimbursement of environmental expenses carried out post-privatization: After winning a first lawsuit with the Romanian state on the issue of reimbursement of environmental expenses, to which the Romanian state has committed upon the privatization of Petrom, OMV has again sued the Romanian state in Paris, in a new arbitration dispute of the same kind. OMV has won 58 million euros damages in the summer, and now it demands another 32 million euros.