Prime Minister Victor Ponta, currently on vacation in the USA, announced on Thursday that ANAF's revenues from VAT had increased in June by RON 60 million, on an annual basis, despite the VAT rate cut.
Liviu Dragnea, interim leader of the Social Democratic Party (PSD), stated yesterday that Victor Ponta and Klaus Iohannis are wrong to continue their "war", especially when it comes to the Fiscal Code. Dragnea added that he had asked the Ministry of Finance to conduct an impact study regarding the Code.
At the end of June, banks paid an average interest rate of 1.8% on new, RON-denominated retail deposits, an all-time low and down 1.3 pp from a year ago. New loans carried an average interest rate of 6.5% per year, according to the National Bank of Romania (BNR).
The institutional investors control 66.88% of Banca Transilvania at the end of the RON 417 million equity boost, according to the latest report issued by the bank. Among these investors are the IFC and a number of foreign and local investment funds.
Alin Iacob, head of the Association of Romanian Users of Financial Services (AURSF) met yesterday, July 30, with the Minister of Finance, Eugen Teodorovici, in order to discuss a bill designed to help distressed retail debtors.
Vulcan Bucharest, an insolvent company controlled by businessman Ovidiu Tender, has invested EUR 350,000 in designing and building an oil extraction equipment. "This was made in Romania 100%, using Vulcan's technology and labor," said CEO Remus Vulpescu. The equipment will soon be heading toward the Persian Gulf.
More and more employers' organizations, associations and NGOs are urging the Cabinet to extend the period allotted for public discussion of the new public procurement bills, which were posted on July 22 on the Ministry of Finance and ANRMAP's websites.
President Klaus Iohannis took to Facebook on Thursday to congratulate the Republic of Moldova on the swearing in of a new Cabinet in Chisinau. The President wished Prime Minister Valeriu Strelet every success.
The PSD recovery program unveiled by interim president Liviu Dragnea stipulates that the party should open to leftist intellectuals, build an online platform for debates involving young people, train its candidates, issue weekly newsletters and improve the ministers' communication skills.