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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).