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2015 Archive:
 
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September, 2015
September 1, 2015
September 2, 2015
September 3, 2015
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September 7, 2015
September 8, 2015
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September 23, 2015



      September 10, 2015


FIC (0)
No news for today
Macroeconomic News (3)
Farmers to receive RON 400 per hectare in drought compensations
Government to push up minimum salary
Exports and imports at all-time highs
Financial News (3)
Deposits still exceed loans
Eight banks account for 85% of all POS devices
ASF approves PBG's plan to become significant direct shareholder of Ate Insurance Romania
Investment News (3)
Sibiu City Hall modernizes streets
EUR 7.6 million invested in Oradea campus
Ski slope to be built in Unirea
Legislative News (3)
Parties propose 13th pension
Conflicts of interests in public procurement bill
Citizenship rules relaxed for athletes and artists
Politics (1)
Ministry of Education dumps refugees problem on Oprea
Social (1)
Romania to host 6,351 refugees

   Macroeconomic News (3)

Farmers to receive RON 400 per hectare in drought compensations
The Minister of Agriculture, Daniel Constantin, announced on Wednesday that drought compensatory payments would not exceed RON 400 per hectare for individual farmers. LAPAR's Laurentiu Baciu said that the Cabinet's decision fails to cover even 10% of the damages.

(Source: adevarul.ro; Date: 2015-09-10; Author: Unspecified)

Government to push up minimum salary
Prime Minister Victor Ponta announced that the Cabinet is planning to begin a gradual increase of the minimum salary in order to reach RON 1,400 by 2017. "The minimum salary will certainly be RON 1,200 on January 1, 2016. That has already been decided. We would like to reach RON 1,300 on July 1 and RON 1,400 on January 1, 2017," said the PM.

(Source: economica.net; Date: 2015-09-10; Author: Unspecified)

Exports and imports at all-time highs
Exports reached in July an all-time high of EUR 5 billion. The good news was somewhat dampened by the fact that imports followed the same trend and reached an all-time high of EUR 5.68 billion. The trade deficit soared past EUR 600 million in a single month. In the first seven months of this year, the trade deficit jumped 16.6% year-on-year, reaching EUR 4 billion, according to the National Institute for Statistics (INS).

(Source: bursa.ro; Date: 2015-09-10; Author: Unspecified)

   Financial News (3)

Deposits still exceed loans
The aggregated value of retail and corporate deposits continues to exceed that of loans. The loans to deposits ratio is 93%, compared to 120-130% during the economic boom. Even though the country's macroeconomic situation has improved, the inflation rate is at an all-time low and the National Bank of Romania (BNR) has relaxed the monetary policy, the lending business is still doing poorly.

(Source: zf.ro; Date: 2015-09-10; Author: Unspecified)

Eight banks account for 85% of all POS devices
Eight banks account for 85% of all the POS devices in use at retailers across the country. BRD-GSG has the biggest network, with approximately 26,000 devices in use - a fifth of all the devices in the country. The second and third places went to Banca Transilvania (24,000) and Raiffeisen Bank (14,000).

(Source: zf.ro; Date: 2015-09-10; Author: Unspecified)

ASF approves PBG's plan to become significant direct shareholder of Ate Insurance Romania
The Financial Supervisory Authority's (ASF) board approved during Wednesday's meeting the plan submitted by Piraeus Bank Greece to become a significant direct shareholder of Ate Insurance Romania. The board also approved a series of measures designed to strengthen the institutional capacity of the Insurance Holder Guarantee Fund (FGA).

(Source: economica.net; Date: 2015-09-10; Author: Unspecified)

   Investment News (3)

Sibiu City Hall modernizes streets
The Sibiu City Hall has launched a EUR 770,000 investment project for modernizing Doinei and Frezorilor Streets, in the Tiglari and Lazaret neighborhoods. The City hall will modernize the water and sewerage networks and rebuild the pavement.

(Source: zf.ro; Date: 2015-09-10; Author: Unspecified)

EUR 7.6 million invested in Oradea campus
The Oradea City Hall will spend EUR 7.6 million on building a campus for the Partenie Cosma economic school and the Vasile Voiculescu school. Under this project, the City Hall will build a 24-classroom school, a dormitory for 300 students, a mess hall, a club, studios for the professors, workshops and a gym.

(Source: zf.ro; Date: 2015-09-10; Author: Unspecified)

Ski slope to be built in Unirea
The Bistrita Town Hall has started building a ski slope in Unirea, a neighborhood belonging to the city. The EUR 4.4 million project will see the construction of a 70,500 sqm slope, an aerial tramway, an artificial snow installation, an electricity supply network and an access road, complete with parking slots.

(Source: zf.ro; Date: 2015-09-10; Author: Unspecified)

   Legislative News (3)

Parties propose 13th pension
A group of UNPR, PSD and PP-DD deputies and senators proposed the establishing of a 13th pension that would be granted every year to retirees whose pensions are below the average gross salary and who don't have any other revenues. The 13th pension would be equal to the minimum gross salary.

(Source: cursdeguvernare.ro; Date: 2015-09-10; Author: Unspecified)

Conflicts of interests in public procurement bill
The Cabinet approved on Wednesday a bill setting up an ex ante verification system for public procurement tenders. The purpose of the new system is to prevent possible conflicts of interests during the SEAP procurement contracts procedures.

(Source: cursdeguvernare.ro; Date: 2015-09-10; Author: Unspecified)

Citizenship rules relaxed for athletes and artists
Foreign citizens who had made significant contributions to promoting Romanian culture, civilization and spirituality will benefit from a relaxation of the citizenship rules, according to an ordinance adopted by the Cabinet on Wednesday. The rules could also extend to those who promote Romania's image through exceptional results in sports.

(Source: cursdeguvernare.ro; Date: 2015-09-10; Author: Unspecified)

   Politics (1)

Ministry of Education dumps refugees problem on Oprea
The Ministry of Education issued a press release stating that the request to compile a list of available housing for migrants and refugees in campuses had been sent to the National Committee for Special Emergency Situations (CNSSU), which is headed by Deputy PM Gabriel Oprea.

(Source: bursa.ro; Date: 2015-09-10; Author: Unspecified)

   Social (1)

Romania to host 6,351 refugees
Jean-Claude Juncker, President of the European Commission, announced during the speech held before the European Parliament that Romania had been allocated 4,646 refugees, on top of the 1,705 migrants allocated through the May proposal. "I am firmly in favor of allowing refugees to work and earn money while their applications are processed," said Juncker.

(Source: economica.net; Date: 2015-09-10; Author: Unspecified)

   
   
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