The nominal gross salary was RON 2,564 in April, up 1.4% on a monthly basis, while the net average salary was RON 1,857, up RON 28 on a monthly basis, according to data released by the National Institute for Statistics (INS). The highest salaries were reported by the oil and gas industry.
The volume of natural gas imports dropped to zero in the second quarter of this year, as domestic production and gas stores covered the contracting national demand. In 2007, imports accounted for 30% of the natural gas consumed in Romania.
The National Institute for Statistics (INS) announced that the national economy had grown 2.8% in 2014. At the same time, the average monthly income per household dropped 2.4%, down to RON 2,500. The average monthly spending fell from RON 2,269 in 2013 to RON 2,317 in 2014.
Seven clients won a collective lawsuit against Millennium Bank. The first court to hear the case ordered the bank to return the loan issue fees. Lawyer Adrian Cuculis, who represented the plaintiffs, wrote on his social network page that "the court had allowed a collective lawsuit for the first time". However, Cuculis will appeal the ruling because the court had rejected the request to return the administration fee as well.
Romanian banks should return to the classic banking model and finance the basic sectors of the national economy, according to statements made by Mugur Isarescu, governor of the National Bank of Romania (BNR), at the Summer Banking Academy, an event organized by the Romanian Banking Institute (IBR).
After three years of restructuring, CEO Tomas Spurny announced that BCR has a new philosophy, as well as a pilot program for helping the bank's distressed clients. "We're trying to come up with the program for debtors who have problems paying off their debts, but who had showed that they were open to cooperation and made partial payments," said Spurny.
TMK Artrom, a pipes manufacturer owned by Russian group TMK, opened yesterday a new division at its Slatina plant. The EUR 10 million investment project will see the plant manufacturing car parts and hydraulic cylinders using machinery imported from Japan and Germany.
Alro Slatina is seeking loans worth a total of USD 200 million. The company is negotiating with a banking syndicate a revolving loan worth up to USD 120 million that would be used to refinance a similar loan taken from the European Bank for Reconstruction and Development in August, 2010, while also discussing a USD 27.2 million loan with Raiffeisen Bank.
The fight over Prime Minister Ponta's fate is moving to the Parliament, where the PM is expected to make use of his majority to staved off the corruption investigation and a motion of censure. The Parliament launched the procedure for considering DNA's request to strip Ponta of his immunity from prosecution and allow his investigation on forgery, accessory to tax evasion, money laundering and conflict of interests charges.
Beyond the prison walls within which the corrupt congregate, the country is beginning to feel the pressure of great expectations. There's talk of changing mindsets, of renewing the political scene and even of reshaping the society. The people are riveted by the spectacle of big corruption cases. Trust in the DNA is above 60%, but more and more people say that Romania should not count on a single institution.
The Ministry of Finance (MFP) has set the annual interest rate for the state bonds issued to retail clients at 1.75%-2.15% per year. The bonds are available for sale between June 8 and 19. The final interest rate will be set on June 22. The bonds can be bought at no additional cost from BCR, BRD and Raiffeisen branch offices.