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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 2, 2015


FIC (0)
No news for today
Macroeconomic News (3)
Romania paid IMF, EU and WB more than EUR 1.8 billion
CNP revises economic growth forecast
VAT rate falls
Financial News (3)
Volksbank owners approve restructuring plan
Alpha Bank lost EUR 6.5 million in Q1
BNR proposals include bail-in
Investment News (2)
Transgaz head talks of EUR 1.5 billion investment
Leoni to invest EUR 8 million in Arad wiring plant
Legislative News (2)
UNPR senator wants supermarkets to donate products close to sell by date
Iohannis signs child rearing aid bill
Politics (1)
Selfie with the President
Social (1)
Health system changes in June

   Macroeconomic News (3)

Romania paid IMF, EU and WB more than EUR 1.8 billion
Romania paid the International Monetary Fund, European Union and World Bank more than EUR 1.8 billion this year on account of the stand-by loan contracted in 2009, according to the Ministry of Finance. Most of the money were paid to the European Union on January 1: EUR 1.5 billion in principal payments and EUR 46.2 million in interest and fees.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

CNP revises economic growth forecast
The National Forecast Commission (CNP) has revised upwards the economic growth rate forecast for 2015 and 2016. The 2015-2018 Medium-term Forecast issued by the CNP expects the economy to grow 3.3% in 2015, 3.4% in 2016, 3.7% in 2017 and 4% in 2018.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

VAT rate falls
The VAT rate was reduced on Monday from 24% to 9% for a series of basic food products, whose prices are expected to fall around 12%. The rate cut applies mainly to milk and dairy products, eggs, livestock meant for consumption or food production, meat and seafood, natural honey, vegetables, fruit, coffee, tea, spices, cereals and non-alcoholic beverages.

(Source: cursdeguvernare.ro; Date: 2015-06-02; Author: Unspecified)

   Financial News (3)

Volksbank owners approve restructuring plan
The owners of Volksbank AG, a bank that had been partly nationalized by the Austrian government, approved yesterday the restructuring plan. The bank failed last year's stress tests and the group's entities, including the regional banks, are unlikely to meet the European Central Bank's capital targets.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

Alpha Bank lost EUR 6.5 million in Q1
Alpha Bank posted for its Romanian business a loss before tax of EUR 6.5 million for the first quarter of this year, according to the quarterly report issued by the bank. The NPLs rate reached 16.5% in Q1, up from 15.3% at the end of 2014. Alpha Bank accounted in the first quarter for 5.8% of the Romanian loans market.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

BNR proposals include bail-in
Romania is the target of a new infringement procedure launched by the European Commission for failing to implement a European Directive regarding the banking system. Yesterday, the European Commission asked Romania and ten other member states to implement the directive within the next two months or face the European Court of Justice.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

   Investment News (2)

Transgaz head talks of EUR 1.5 billion investment
"We must increase the interconnectivity level and link Black Sea gas with Western Europe. We've done our homework and will apply for EU funds. These projects are not huge, but they're big enough for the region," said the head of Transgaz, Petru Vaduva. Romania's national gas transport system is preparing to receive EUR 1.5 billion in investment capital.

(Source: zf.ro; Date: 2015-06-02; Author: Unspecified)

Leoni to invest EUR 8 million in Arad wiring plant
Leoni Wiring Systems Arad, the local subsidiary of German group Leoni, has earmarked for this year a total of EUR 8 million for investments in the development of the Arad plant. Last year, the company focused on the Bistrita and Pitesti plants, for which it tapped EUR 10 million in state aid.

(Source: zf.ro; Date: 2015-06-02; Author: Unspecified)

   Legislative News (2)

UNPR senator wants supermarkets to donate products close to sell by date
Senator Marian Vasiliev (UNPR) submitted two bills that would make October 16 the National Food Waste Day and would force supermarkets to sign deals with charities or animal protection organizations in order to donate products close to their sell by dates. According to the bills, retailers operating stores bigger than 400 sqm will have to sign deals with NGOs in order to donate products while they can still be used.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

Iohannis signs child rearing aid bill
The Ministry of Labor is working on a bill that would modify the child rearing aid system. The state budget will spend RON 900 million this year on child rearing aid. "Beginning with June, 3.7 million children will be paid RON 84 per month. The checks will be issued to the parents in June, but the actual payments will only take place in July," said the Minister of Labor, Rovana Plumb.

(Source: bursa.ro; Date: 2015-06-02; Author: Unspecified)

   Politics (1)

Selfie with the President
Hundreds of children visited the Cotroceni Palace on June 1 in order to celebrate Children's Day with President Klaus Iohannis. The President received them with sweets and colored balloons. The children told stories and took picture with the President.

(Source: adevarul.ro; Date: 2015-06-02; Author: Unspecified)

   Social (1)

Health system changes in June
The reduction of drugs prices, the implementation of new treatments for people suffering from Hepatitis C and free in vitro fertilization services are some of the measures scheduled to come into force this month, according to the Ministry of Health. This month will be a very important one for the health system.

(Source: adevarul.ro; Date: 2015-06-02; Author: Unspecified)

   
   
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