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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 11, 2015


FIC (3)
Europe's energy independence
Melania Medeleanu, journalist: "As a patient, I'm very scared"
Vocational training scholarships
Macroeconomic News (3)
PM Ponta wants Fiscal Code passed in two weeks
Romania exported 47,000 tons of copper ore last year
IT market to reach EUR 3.8 billion in 2018
Financial News (3)
Debtors to stage new protest
BNR taps 41-year-old banker for new division
CEC Bank sold NPLs worth almost RON 200 million in 2014
Investment News (2)
Canadian fund paid USD 9.6 million for two Romanian sun farms
Altex to open biggest store in Timisoara
Legislative News (2)
Government to provide EUR 15 million in state aid for TV stations
Lower VAT rate for draught beer
Politics (1)
Cazanciuc goes over to UNPR
Social (1)
Government clerks received more pay hikes than doctors and professors

   FIC (3)

Europe's energy independence
Tudor Constantinescu, lead adviser with the European Commission's Directorate-General for Energy, spoke about the recent trends of Europe's energy sector at an event organized yesterday by FIC. The new targets for 2030 include a 40% reduction of CO2 emissions, 27% energy efficiency and boosting renewable energy sources to 27%.

(Source: capital.ro; Date: 2015-06-10; Author: Unspecified)
Energy companies invest over EUR 22 bln in Romania (Source: romania-insider.com)
Foreign investments of over EUR 22 bln in energy sector (Source: nineoclock.ro)
Foreign investments of over EUR 22 bln in energy sector (Source: enational.ro)
Foreign investments of over EUR 22 bln in energy sector (Source: energynomics.ro)

Melania Medeleanu, journalist: "As a patient, I'm very scared"
Melania Medeleanu was one of the experts teaching non-verbal communication courss at MedClass. The courses were offered free of charge to medicine students and residents as part of the campaign supported by the Foreign Investors Council.

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

Vocational training scholarships
Dancer and television celebrity Mihai Petre supports for the second consecutive year the vocational training promotion campaign launched by the Coalition for Romania's Development (CDR), with the Ministry of Education and CNDIPT. CDR includes AmCham, AOAR, FIC and FRBL.

(Source: b365.ro; Date: 2015-06-10; Author: Unspecified)
CDR press release (Source: agerpres.ro)
Mihai Petre supports promotion campaign for vocational training (Source: ziuaconstanta.ro)
Mihai Petre supports promotion campaign for vocational training (Source: romaniapozitiva.ro)

   Macroeconomic News (3)

PM Ponta wants Fiscal Code passed in two weeks
Prime Minister Victor Ponta stated yesterday that he wants the Parliament to pass the Fiscal Code in the next two weeks in order to show the stability and predictability that the business community needs. The PM attended the board and assembly meetings of the European Association of Craft, Small and Medium-sized Enterprises.

(Source: bursa.ro; Date: 2015-06-11; Author: Unspecified)

Romania exported 47,000 tons of copper ore last year
Romania exported 47,000 tons of copper ore last year, worth EUR 35 million, and imported EUR 570 million worth of copper and copper products, up 17% from 2013. The country's copper plants were privatized in the 2000s and have since been shut down.

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

IT market to reach EUR 3.8 billion in 2018
The revenues of local software and IT services providers went up 13% in 2014, on an annual basis, reaching EUR 2.42 billion, according to a market study commissioned by employers organization ANIS and conducted by Pierre Audoin Consultants (PAC). The Romanian IT industry's annual growth rate is estimated at 11% for the next three years.

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

   Financial News (3)

Debtors to stage new protest
The holders of CHF-denominated loans are planning to gather for a new protest on Sunday, June 14, in front of the government's headquarters. The debtors will protest against "the politicians' passive attitude regarding the CHF-denominated loans situation, the National Bank of Romania's (BNR) efforts to protect the banks and last, but not least, against the banking system's misinformation and abusing of its own clients," according to a press release issued by the debtors' organization.

(Source: bursa.ro; Date: 2015-06-11; Author: Unspecified)

BNR taps 41-year-old banker for new division
Emil Vonvea, 41, has left the deputy CEO position at Garanti Bank to become the head of Banking Resolution at the National Bank of Romania (BNR). Vonvea had spent 11 years working for BNR at the beginning of his career. The new Banking Resolution Division will focus on the reorganization of distressed banks.

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

CEC Bank sold NPLs worth almost RON 200 million in 2014
CEC Bank, the only top bank in Romania still owned by the state, sold at the end of last year a batch of NPLs worth almost RON 200 million to collection agency Kruk, according to market sources. The two parties confirmed the deal, but declined to reveal the portfolio value or price.

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

   Investment News (2)

Canadian fund paid USD 9.6 million for two Romanian sun farms
Transeastem Power Trust, a Canadian investment vehicle, has agreed to buy two Romanian sun farms from Renovatio Group for approximately EUR 9.6 million, excluding the debts. Part of the purchase price will be paid by issuing trust units with a face value of USD 1.

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

Altex to open biggest store in Timisoara
Home appliances, electronics and IT retailer Altex will open today the biggest store in Timisoara. The EUR 5.4 million, 2,400 sqm show-room will feature 15,000 products. Altex bought the northern Timisoara property in 2008, but sat on it for the following years because of the uncertain economic situation.

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

   Legislative News (2)

Government to provide EUR 15 million in state aid for TV stations
The production and broadcasting of "public interest shows that focus on information, education and culture" will be supported by the government in the next 18 months through a state aid program. At first, the Ponta Cabinet had tried to finance the program with a 5% tax on the cable TV companies' revenues, but the telecom companies were firmly against the idea.

(Source: cursdeguvernare.ro; Date: 2015-06-11; Author: Unspecified)

Lower VAT rate for draught beer
In a bid to help the national tourism sector, the Chamber of Deputies decided yesterday that the 9% VAT rate applies to draught beer as well. The amendment had been proposed by Adrian Merka, a member of the Chamber's Budget and Finance Commission. The new VAT rate for food products and non-alcoholic beverages had come into force on June 1.

(Source: adevarul.ro; Date: 2015-06-11; Author: Unspecified)

   Politics (1)

Cazanciuc goes over to UNPR
Robert Cazanciuc, the Minister of Justice, has left the Social Democratic Party (PSD) for the National Union for Romania's Progress (UNPR), which is headed by Deputy PM Gabriel Oprea. Oprea had allegedly voiced his trust in Cazanciuc, whom he sees as a competent professional.

(Source: cursdeguvernare.ro; Date: 2015-06-11; Author: Unspecified)

   Social (1)

Government clerks received more pay hikes than doctors and professors
The average salary reported by the public administration sector went up nearly 12-fold in the past 15 years, while professors are paid only 8.5 times more and medical sector employees gain 10 times more, according to the National Institute for Statistics (INS).

(Source: zf.ro; Date: 2015-06-11; Author: Unspecified)

   
   
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