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2015 Archive:
 
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April, 2015
April 1, 2015
April 2, 2015
April 3, 2015
April 6, 2015
April 7, 2015
April 8, 2015
April 9, 2015
April 10, 2015
April 15, 2015
April 16, 2015
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April 20, 2015
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April 22, 2015
April 23, 2015
April 24, 2015
April 27, 2015
April 28, 2015
April 29, 2015
April 30, 2015



      April 30, 2015


FIC (0)
No news for today
Macroeconomic News (2)
Victor Ponta: We cannot freeze the retailers' food prices, but we can use windfall taxes
Cabinet allocates RON 415 million for structural funds programs
Financial News (3)
BNR Governor says Romania must complete major economic policy adjustments before joining exchange rates mechanism
Nextebank preparing to take over Patria Credit IFN assets and personnel
RON-denominated consumer loans reached RON 30.6 billion
Investment News (2)
Timisoara's Justitiei Park to be modernized
Oradea City Hall invested RON 5 million in bridge
Legislative News (2)
President's office sends parties draft Big Brother law
Party financing bill keeps loophole alive
Politics (1)
Political moves
Social (1)
More than 60,000 clerks on strike

   Macroeconomic News (2)

Victor Ponta: We cannot freeze the retailers' food prices, but we can use windfall taxes
The Government cannot freeze the retailers' prices ahead of the VAT rate cut, but it can use constitutional and European measures, such as windfall taxes, in order to force retailers to bring shelf prices down, according to Prime Minister Victor Ponta. The PM instructed the Competition Council and the National Consumers' Protection Authority (ANPC) to keep a close eye on shelf prices.

(Source: adevarul.ro; Date: 2015-04-30; Author: Unspecified)

Cabinet allocates RON 415 million for structural funds programs
The Cabinet approved on Wednesday the allocation of RON 415 million in privatization revenues to the Management Authorities in charge of the structural funds programs. More than half of the money will go to the Economic Competitiveness Program (POS-CCE), while the rest will be split equally between the Human Resources Development (POS-DRU) and Regional (POS-R) programs.

(Source: cursdeguvernare.ro; Date: 2015-04-30; Author: Unspecified)

   Financial News (3)

BNR Governor says Romania must complete major economic policy adjustments before joining exchange rates mechanism
Mugur Isarescu, Governor of the National Bank of Romania (BNR), stated that Romania must complete major economic policy adjustments before joining exchange rates mechanism, which precedes a country's accession to the Eurozone. Among the major economic policy adjustments are the energy market's deregulation, the minimum mandatory reserves and various budget pressures.

(Source: bursa.ro; Date: 2015-04-30; Author: Unspecified)

Nextebank preparing to take over Patria Credit IFN assets and personnel
Nextebank is preparing to take over Patria Credit IFN's assets and personnel even though the Competition Council has yet to approve the merger. The Nextebank board is expected to meet today and on Monday to discuss the situation and the fact that Nextebank cannot take any action that would affect the market until the CC approval comes through. Nicolae Cinteza, head of BNR's Supervisory Division, announced that Nextebank had taken over Patria Credit's liabilities and that it had notified the BNR of this move.

(Source: bursa.ro; Date: 2015-04-30; Author: Unspecified)

RON-denominated consumer loans reached RON 30.6 billion
The aggregated value of RON-denominated consumer loans (including credit cards and overdrafts) reached RON 30.6 billion at the end of March, up RON 300 million month-on-month and the first m-o-m increase this year, according to the National Bank of Romania (BNR). "The consumer loans market is growing. Banks have started approving bigger tickets, even some in the EUR 10,000-15,000 range," said Gabriel Cretu, Managing Partner of Adwisers.

(Source: zf.ro; Date: 2015-04-30; Author: Unspecified)

   Investment News (2)

Timisoara's Justitiei Park to be modernized
The Timisoara City Hall secure EUR 470,000 in European funds for the rehabilitation of the Justitie Park's green areas and technical infrastructure. 1,577 sqm of lanes and alleys will be modernized and 53 new trees will be planted. An irrigation system will be put in place and the authorities will install more benches, waste containers and lights powered by solar cells.

(Source: zf.ro; Date: 2015-04-30; Author: Unspecified)

Oradea City Hall invested RON 5 million in bridge
The Oradea City Hall has completed the construction of a bridge over the Crisul Repede River. The RON 5 million "Mare┼čal Constantin Prezan" project was launched in 2010.

(Source: zf.ro; Date: 2015-04-30; Author: Unspecified)

   Legislative News (2)

President's office sends parties draft Big Brother law
The President's office sent the Parliament caucuses the draft of a new data retention bill, also known as the Big Brother Law. The parties were given two weeks to reach a consensus regarding the draft, which involved representatives of CJI, Active Watch and other NGOs.

(Source: cursdeguvernare.ro; Date: 2015-04-30; Author: Unspecified)

Party financing bill keeps loophole alive
The Chamber of Deputies decided yesterday to send the party financing and party bills to the Electoral Code Commission because of discrepancies between the bill reported out by the Commission and the one that reached the floor. "We've noticed a series of articles that had not been discussed by the commission," said Marian Neacsu, leader of the PSD caucus.

(Source: adevarul.ro; Date: 2015-04-30; Author: Unspecified)

   Politics (1)

Political moves
Even though the ruling coalition enjoys the same support in the Parliament as before the presidential elections, backstage maneuvering is frenetic. The Romanian Social Party (PSRO), founded by Mircea Geoana, will sign today a cooperation agreement with the National Liberal Party (PNL), which involves full cooperation of the two parties' MPs.

(Source: bursa.ro; Date: 2015-04-30; Author: Unspecified)

   Social (1)

More than 60,000 clerks on strike
Most town halls, prefectures and county councils around the country will be closed today, as 30,000 public employees go on a one-day strike. The labor leaders announced that every public institution will have one or two offices open for emergencies and warned the government that the strike would be followed by street protests and bigger strikes unless their demands are met. The only documents that public clerks will issue today are death and marital status certificates.

(Source: adevarul.ro; Date: 2015-04-30; Author: Unspecified)

   
   
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