The Foreign Investors Council has made 12 healthcare experts available to dozens of Romanian doctors in order to teach young doctors modern concepts of communication, ethics, business and entrepreneurship. The MedClass free courses were part of FIC's "My job is to be a doctor in Romania" campaign.
The Minister of Finance, Eugen Teodorovici, stated today that the Romanian government is holding talks with the IMF, the World Bank and the European Commission in order to find a way of working together to fulfill the existing agreements.
Despite the opposition of the European Commission and the International Monetary Fund, the Budget and Finance Commission of the Chamber of Deputies passed yesterday unanimously the Fiscal Code amendment lowering the standard VAT rate to 19% beginning with January 1, 2016. The initial bill stipulated a 20% VAT rate, but Prime Minister Victor Ponta announced on Sunday evening his support for 19%.
Domestic consumption reached a six-year high and became the main GDP drive, according to the EY Eurozone Forecast. "Romania's economy grew 4.3% in the first quarter of this year, exceeding expectations. Although it's highly unlikely that the economy could keep this pace throughout the year, the outlook for 2015 is rather optimistic," noted the report.
CEC Bank and the European Investment Fund signed the documents extending the financing and risk sharing agreement regarding the Joint European Resources for Micro to Medium Enterprises (JEREMIE) project. The EIF and CEC Bank will provide a total of EUR 24 million in new capital for this project, on a 50-50 basis.
The National Bank of Romania (BNR) approved Cornel Benchea's appointment as Deputy CEO of Banca Comerciala Carpatica (BCC). Benchea had worked in the past for BNR, the Sibiu branch, BCC, BRD-GSG and Banca Comerciala Feroviara. Last week, BCC shareholders approved a RON 204.4 million equity reduction in order to cover some of the bank's losses.
Western Union, MasterCard and Banca Transilvania have reached an agreement that would allow Romanian holders of MasterCard and Maestro cards to withdraw their remittances from BT's network of more than 900 ATMs. The service will be activated before the end of this year.
The managers of the biggest companies operating in the county are waiting for the completion of the T3 terminal of the Iasi International Airport, a crucial project for the entire Moldova and the last project in a series worth more than RON 255 million.
The Constitutional Court of Romania has ruled the any restriction of the right to information has to be part of a real and justified action to protect a legitimate interest pertaining to national security or citizens' protection. The ruling had been requested by deputies Mihai Ghimpu and Valeriu Muntean (PNL).
Six months into his first term, President Iohannis came before the Parliament to present the National Defense Strategy (SNAR), one of the documents promised upon taking power. The Permanent Bureaus of the two chambers decided on Monday to postpone the SNAR vote by 24 hours on grounds that the foreign affairs commissions have to issue their own reports.
President Klaus Iohannis signed last evening the decree designating Gabriel Oprea as the interim Prime Minister of Romania. The President had initially planned to reject the interim, but changed his mind last evening when PM Ponta provided the medical papers attesting to his temporary incapacity.
The doubling of state aid for children will leave thousands of families without social protection. As checks grow, some families will exceed the social aid cap and so lose the income and the free food offered by the European Union.
More than 160,000 Romanians managed to find work in the first five months of this year, mostly by applying for vacancies. "The most effective method for us continues to be advertising, meaning small ads in local papers and flyers and posters handed out in the areas where the recruiting campaign takes place," said Horia Bugarin, CEO of temp agency IHM Total Consult.