The European Commission will allocate €200.9 million in 2020 to fund promotion activities for EU agri-food products at home and abroad. The 2020 promotion policy work programme adopted by the Commission outlines the main priorities for support. EU policy on the promotion of agri-food products is designed to help the sector take advantage of the expanding and increasingly dynamic global agri-food market, raise awareness on quality schemes including organic produce and help producers should they face market disturbances.
Continuă lectura „€200 million to promote European agri-food products”Developments in inflation
The National Bank of Romania has published the Inflation Report for November 2019. As shown in the report, the annual CPI inflation rate returned to the upper bound of the variation band of the flat target of 2.5 percent ± 1 percentage point, ending 2019 Q3 at 3.49 percent (0.35 percentage points below the June level and 0.2 percentage points below the latest forecast). Behind the disinflationary trend stood mainly the declines in vegetable prices amid a good harvest across the EU. Opposite influences stemmed from tobacco product prices and the slightly faster growth of the adjusted CORE2 inflation rate, indicating the persistence of inflationary pressures from fundamentals.
Continuă lectura „Developments in inflation”Industrial policy – recommendations
The European Commission published on November 5th the recommendations by a group of experts, the Strategic Forum on Important Projects of Common European Interest, to boost Europe’s competitiveness and global leadership in six strategic and future-oriented industrial sectors: Connected, clean and autonomous vehicles; Hydrogen technologies and systems; Smart health; Industrial Internet of Things; Low-carbon industry; and Cybersecurity.
Continuă lectura „Industrial policy – recommendations”Foreign direct investment in Romania
The National Bank of Romania has published the annual report regarding the Foreign direct investment in Romania for 2018.
Continuă lectura „Foreign direct investment in Romania”Balance of payments and external debt
The National Bank of Romania has published the press release on 14th of October regarding the balance of payments and external debt for August 2019. As shown, in January – August 2019, the balance-of-payments current account posted a deficit of EUR 7,080 million, compared with EUR 6,104 million in the same year-ago period.
Continuă lectura „Balance of payments and external debt”Monthly average earning
According to the press release of National Institute of Statistics, the average gross earnings on total economy in august 2019 were 4981 lei and the net 3044 lei. In this regard, in August 2019, the average gross nominal earnings were 4981 lei, with 110 lei (-2.2%) less than the one registered in July 2019.
Continuă lectura „Monthly average earning”Volume of construction works increased in July
According to the National Institute of Statistics’ press release, compared to the previous month, in July 2019, the volume of construction works increased, as gross series, by 2.9% and rose, as adjusted series according to the number of working days and to seasonality, by 4.0%.
Continuă lectura „Volume of construction works increased in July”The turnover of market services
Compared to the previous month, in July 2019 the turnover of market services rendered mainly to enterprises, in nominal terms, increased both as gross series by 3.7% and as adjusted series according to the number of working days and to seasonality by 0.7% as shown in the press release of National Institute of Statistics.
Continuă lectura „The turnover of market services”Brexit preparedness checklist
Giving the approaching date of the United Kingdom’s withdrawal from the European Union on 31 October 2019, the Commission has published the 6th Brexit preparedness Communication – to reiterate its call on all stakeholders in the EU27 to prepare for a ‘no-deal’ scenario.
Continuă lectura „Brexit preparedness checklist”NBR – Bank Lending Survey
The National Bank of Romania has published the Bank Lending Survey – August 2019. The Survey is conducted on a quarterly basis by the NBR in January, April, July and October. It is based on a questionnaire (released as part of the May 2008 analysis) which is sent to the top 10 banks. These banks were selected based on their market share in terms of loans to companies and households, accounting for approximately 80 percent of the loan stock.
Continuă lectura „NBR – Bank Lending Survey”