INVESTMENTS
The Romanian 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.
CAPITAL MARKETS
The Bucharest Stock Exchange organizes a roadshow from November 3-29 in four Romania cities (Cluj-Napoca, Timisoara, Iasi and Bucharest) to present the business community with solutions for further development.
ECONOMY
The National Strategy and Forecast Commission (CNSP) revised upwards its 2022 economic growth estimate to 4.6%, 1.1% points above its summer forecast. The Commission also 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.
COMPANIES
-Orange Romania, RCS & RDS and Vodafone Romania are the three telecommunications operators which submitted applications for allocation of 5G frequencies, to the National Communications Administration and Regulation Authority (ANCOM).
-U.S. Trade and Development Agency (USTDA) has awarded a grant of $14 million to Romania’s RoPower Nuclear SA (RoPower), the project company for the development of the small modular reactors recently established by Nuclearelectrica and Nova Power & Gas, Ziarul Financiar reported.
