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2015 Archive:
 
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January, 2015
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January 30, 2015



      January 30, 2015


FIC (0)
No news for today
Macroeconomic News (3)
Government collected RON 4 billion less VAT
Minimum gross salary to increase
Automotive market returns above EUR 1.5 billion
Financial News (3)
PwC: Romania's banking system will undergo stress tests based on ECB's methods
BNR says banks have multiple solutions at their disposal
"BNR could have and could still intervene"
Investment News (3)
There can never be too many engineers
Monza Hospital to invest RON 6.7 million in equipment and new wards
Oradea City Hall wants EUR 23 million loan
Legislative News (2)
SRI commission wants to get involved in Big Brother laws
"Personal insolvency puts the financial life of a person under the supervision of an insolvency expert"
Politics (1)
Klaus Iohannis lays out foreign policy targets
Social (1)
Romania unprepared for autistic children

   Macroeconomic News (3)

Government collected RON 4 billion less VAT
ANAF collected only RON 50.8 billion worth of VAT in 2014, below the RON 54.6 billion forecast, even though consumption was up 7.2% last year. 2014 was the first year since 2009 when VAT revenues contracted, a trend that the Ministry of Finance explained through the reimbursement of VAT payments to companies.

(Source: zf.ro; Date: 2015-01-30; Author: Unspecified)

Minimum gross salary to increase
Prime Minister Victor Ponta announced that the minimum gross salary will increase next year from RON 1,050 to RON 1,200. The minimum gross salary was set at RON 975 on January 1 of this year.

(Source: bursa.ro; Date: 2015-01-30; Author: Unspecified)

Automotive market returns above EUR 1.5 billion
Car sales went up 21.5% last year, compared to 2013. APIA announced that the number of cars sold in 2014 reached 100,336 units, the first time the market goes above 100,000 since 2011. The aggregated value of sales was more than EUR 1.5 billion.

(Source: zf.ro; Date: 2015-01-30; Author: Unspecified)

   Financial News (3)

PwC: Romania's banking system will undergo stress tests based on ECB's methods
The Romanian banking system will undergo this year an ample evaluation process under the National Bank of Romania's (BNR) supervision. The process will be similar to that conducted by the European Central Bank at EU level in the autumn of 2014. The ECB stress tests indicated the regulatory effort required from the authorities, as well as the measures that the banks themselves have to implement.

(Source: cursdeguvernare.ro; Date: 2015-01-30; Author: Unspecified)

BNR says banks have multiple solutions at their disposal
Officials from the National Bank of Romania (BNR) met with representatives of the Romanian Banking Association (BNR). The BNR officials indicated yesterday that the commercial banks could reschedule the CHF-denominated loans of their distressed clients or reducing the interest rates temporarily. Another solution is the conversion to RON at the current exchange rate, but followed by a reduction of the principal.

(Source: cursdeguvernare.ro; Date: 2015-01-30; Author: Unspecified)

"BNR could have and could still intervene"
Two weeks have passed since the CHF-denominated loans affair burst and the authorities have yet to do anything else except pass the problem around. The National Bank of Romania (BNR) announced yesterday that its executives would hold a press conference today. Sources say that Governor Isarescu's statements will focus on the CHF loans situation.

(Source: bursa.ro; Date: 2015-01-30; Author: Unspecified)

   Investment News (3)

There can never be too many engineers
In the long-run, the fight over investment will be won by countries with educated workers, since costs are trending up anyway, according to John Rice, Vice President of General Electric. The most important trades are engineering and software experts who focus on the industrial side of the Internet.

(Source: zf.ro; Date: 2015-01-30; Author: Unspecified)

Monza Hospital to invest RON 6.7 million in equipment and new wards
The Monza Hospital announced that it would open a new center for treating congenital heart conditions and complex cardiovascular conditions through minimally invasive techniques. The new center will be known as the Cardiostructural Clinic.

(Source: zf.ro; Date: 2015-01-30; Author: Unspecified)

Oradea City Hall wants EUR 23 million loan
The Oradea City Hall is seeking a EUR 23 million loan from the European Investment Bank in order to finance five investment projects. The City Hall is currently involved in several projects for which it had applied for structural funds. The total value of these projects passes EUR 200 million.

(Source: zf.ro; Date: 2015-01-30; Author: Unspecified)

   Legislative News (2)

SRI commission wants to get involved in Big Brother laws
The parliamentary commission tasked with supervising the Romanian Intelligence Service (SRI) asked the leaders of the two Chambers to notify it before the discussion of the Big Brother bills in order to issue its on report. Georgian Pop, head of the commission, stated that when the three bills had first been passed, the commission had not been notified.

(Source: cursdeguvernare.ro; Date: 2015-01-30; Author: Unspecified)

"Personal insolvency puts the financial life of a person under the supervision of an insolvency expert"
Speranta Munteanu, partner and head of restructuring services at KPMG Romania and FIC's representative in negotiations with the Parliament over the personal insolvency bill, stated that personal insolvency puts a person's financial life under the supervision of an insolvency expert in order to meet the creditors' demands.

(Source: zf.ro; Date: 2015-01-30; Author: Unspecified)

   Politics (1)

Klaus Iohannis lays out foreign policy targets
"Romania's place is in the Schengen zone. [...] We meet all the accession criteria. Any objections are purely political. The biggest deficit plaguing the European Union is not a financial issue, but a trust deficit among partners that leads to discrimination," said President Klaus Iohannis in his first foreign policy speech.

(Source: cursdeguvernare.ro; Date: 2015-01-30; Author: Unspecified)

   Social (1)

Romania unprepared for autistic children
Most Romanian children diagnosed with autism have up to 10 therapy sessions per month, while the international organizations recommend between 25 and 40 hours per week, according to a sociological investigation. Most of the parents are worried that their children will be unable to take care of themselves later on in life.

(Source: adevarul.ro; Date: 2015-01-30; Author: Unspecified)

   
   
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