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2015 Archive:
 
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June, 2015
June 2, 2015
June 3, 2015
June 4, 2015
June 5, 2015
June 8, 2015
June 9, 2015
June 10, 2015
June 11, 2015
June 12, 2015
June 15, 2015
June 16, 2015
June 17, 2015
June 18, 2015
June 19, 2015
June 22, 2015
June 23, 2015
June 24, 2015
June 25, 2015
June 26, 2015
June 29, 2015
June 30, 2015



      June 10, 2015


FIC (2)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector
Selischi, OMV Petrom: Romania imported no natural gas in the first four months of this year
Macroeconomic News (3)
Minister of Economy expects exports to go up 20%
Retailers promote VAT rate cut as discounts
ANAF issued RON 1.89 million worth of fines in two days
Financial News (3)
Even bank tellers have problems understanding new bonds
Bancpost told to convert CHF loan at 2008 exchange rate
BT executives to receive 7.05 million shares
Investment News (2)
Leroy Merlin opens three stores in two weeks
Electrica seeks shareholders' approval for RON 860 million investment budget
Legislative News (2)
Adoption Law targeted by amendments
Iohannis sends social dialog bill back
Politics (1)
Chamber of Deputies rejects DNA request
Social (1)
Millward Brown says 20% of Romanians live below poverty line

   FIC (2)

Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector
Foreign investors operating in the energy sector have invested more than EUR 22 billion in Romania since 2002, which contributed massively to the modernization of an area that used to be significantly underfinanced, according to a press release issued by the Foreign Investors Council.

(Source: adevarul.ro; Date: 2015-06-09; Author: Unspecified)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: business-review.eu)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: economica.net)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: ziare-pe-net.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: diacaf.com)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: agerpres.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: bizenergy.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: allnews4all.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: ziuanews.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: rador.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: observator.ro)
Foreign investors contribute EUR 22 bln to the modernization of the Romanian energy sector (Source: incomemagazine.ro)
FIC stresses need to promote energy investment (Source: rador.ro)

Selischi, OMV Petrom: Romania imported no natural gas in the first four months of this year
The Romanian system is vulnerable to a major increase in the demand for natural gas, according to statements made on Tuesday by Gabriel Selischi, a member of OMV Petrom's board, at a conference organized by the Foreign Investors Council.

(Source: mediafax.ro; Date: 2015-06-09; Author: Unspecified)
Selischi (OMV Petrom): The Romanian system is vulnerable to an increase in demand for natural gas (Source: bizenergy.ro)
Selischi, OMV Petrom: Romania imported no natural gas in the first four months of this year (Source: businessmagazin.ro)
Selischi, OMV Petrom: Romania imported no natural gas in the first four months of this year (Source: economica.net)
Selischi, OMV Petrom: Romania imported no natural gas in the first four months of this year (Source: gandul.info)
Selischi, OMV Petrom: Romania imported no natural gas in the first four months of this year (Source: ziareledinromania.ro)

   Macroeconomic News (3)

Minister of Economy expects exports to go up 20%
The Minister of Economy, Mihai Tudose, expects a 20% increase in exports this year, driven mainly by industrial production and the automotive sector. This would be a four-year peak for Romania's exports. The estimate is backed by the stable macroeconomic context, the stable exchange rates, the 1.6% economic growth rate announced for the first quarter of this year, as well as the slight economic recovery of Romania's main foreign market, the Eurozone.

(Source: zf.ro; Date: 2015-06-10; Author: Unspecified)

Retailers promote VAT rate cut as discounts
The price of a 23-product basket, featuring food and non-alcoholic beverages, based on the prices displayed by three online stores dropped by up to 13% between April 29 and June 8. However, some retailers promote the VAT rate cut as their own discount.

(Source: zf.ro; Date: 2015-06-10; Author: Unspecified)

ANAF issued RON 1.89 million worth of fines in two days
495 anti-fraud inspectors looked into the activity of 350 companies operating in fiscal risk zones. The national anti-fraud campaign took place on June 6 and 7 and it involved inspectors from the eight Anti-Fraud Regional Directorates (DRAF).

(Source: cursdeguvernare.ro; Date: 2015-06-10; Author: Unspecified)

   Financial News (3)

Even bank tellers have problems understanding new bonds
Before the launching of the state's issue of bonds for retail clients, ASF president Misu Negritoiu bragged that even shepherds in the mountains will hear about the issue. Days into the issue, it seems that not even bank tellers are familiar with the bonds they are supposed to sell to retail investors.

(Source: bursa.ro; Date: 2015-06-10; Author: Unspecified)

Bancpost told to convert CHF loan at 2008 exchange rate
The Constanta Court ordered Bancpost to convert to RON a CHF-denominated loan using the reference exchange rate from July 29, 2008. The court noted the bank's aggressive promotion of CHF-denominated products that the plaintiff did not need and had not requested.

(Source: bursa.ro; Date: 2015-06-10; Author: Unspecified)

BT executives to receive 7.05 million shares
Banca Transilvania will allocate 7.05 million shares to its executives, as per the shareholders' decision of April, 2014, according to a report sent to the Bucharest Stock Exchange (BVB). The shareholders approved last year the distribution of free stock to executives and employees. Fitch Ratings has recently upgraded Banca Transilvania's IDR rating for long-term financing from BB- to BB, with a stable outlook.

(Source: bursa.ro; Date: 2015-06-10; Author: Unspecified)

   Investment News (2)

Leroy Merlin opens three stores in two weeks
French group Leroy Merlin, which entered the Romanian market last year with the acquisition of the local BauMax chain, opened a store in Brasov, the sixth LM store in Romania. This is the third store that the company opens in two weeks, after those located in Sudului Square and Alexandriei Road.

(Source: zf.ro; Date: 2015-06-10; Author: Unspecified)

Electrica seeks shareholders' approval for RON 860 million investment budget
Power grid operator Electrica is trying to convince its shareholders to approve the investment plan for this year. The first draft budget was rejected two months ago. The new proposal features RON 860 million worth of investment spending, a 30% increase from the previous budget.

(Source: zf.ro; Date: 2015-06-10; Author: Unspecified)

   Legislative News (2)

Adoption Law targeted by amendments
Although thousands of couples try to adopt children every year, nearly 60,000 children are registered with the state's orphanages. Last year, only 550 children were adopted, down from 700 two years ago. For this reason, the Ministry of Labor announced a bill that would amend the Adoption Law in order to simplify the procedures.

(Source: adevarul.ro; Date: 2015-06-10; Author: Unspecified)

Iohannis sends social dialog bill back
President Klaus Iohannis sent on Tuesday the social dialog bill back to the Parliament for review, noting that employers cannot deduct union dues from paychecks and transfer them to the unions' accounts because the Labor Code stipulates that salaries are paid directly to workers.

(Source: adevarul.ro; Date: 2015-06-10; Author: Unspecified)

   Politics (1)

Chamber of Deputies rejects DNA request
The Chamber of Deputies rejected yesterday the National Anti-corruption Directorate's (DNA) request to allow the criminal investigation of Prime Minister Victor Ponta on conflict of interests charges by the novel device of voting on the report drafted by the Legal Affairs Commission instead of the request itself. President Iohannis accused the Parliament of behaving irresponsibly.

(Source: cursdeguvernare.ro; Date: 2015-06-10; Author: Unspecified)

   Social (1)

Millward Brown says 20% of Romanians live below poverty line
A Millward Brown survey indicated that 20% of Romanians live below poverty line, down from 24.5% in January, 2014. The net average income per household was up in 2014, compared to 2013, thanks to an increase in the number of people earning above EUR 300 per month.

(Source: bursa.ro; Date: 2015-06-10; Author: Unspecified)

   
   
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