Mission
Statement
Achivements
  Organisation
Statute
Structure
  Membership
Membership List
Board of Directors
Join
  News
Daily newsletter
Press Releases
  White book
  Events
  Coalitia



2015 Archive:
 
  January February March April May June July August September 2003 Archive
2004 Archive
2005 Archive
2006 Archive
2007 Archive
2008 Archive
2009 Archive
2010 Archive
2011 Archive
2012 Archive
2013 Archive
2014 Archive

September, 2015
September 1, 2015
September 2, 2015
September 3, 2015
September 4, 2015
September 7, 2015
September 8, 2015
September 9, 2015
September 10, 2015
September 11, 2015
September 14, 2015
September 15, 2015
September 16, 2015
September 17, 2015
September 18, 2015
September 21, 2015
September 22, 2015
September 23, 2015



      September 2, 2015


FIC (0)
No news for today
Macroeconomic News (3)
Ponta: Budget revenues increased by RON 1.2 billion
Partying with borrowed money
Senate commission approved Fiscal Code amendments
Financial News (3)
BNR foreign currency reserves reached EUR 29.4 billion
ALB members granted RON 1.149 billion in new financing
Retail clients took out RON 2.6 billion in new loans in July
Investment News (1)
Teleferic Hotel to open on September 15
Legislative News (1)
Car tax reimbursement ordinance published in Official Gazette
Politics (1)
Motion of censure still not ready!
Social (3)
Unemployment rate stagnated in July
European unemployment situation
First migrants to arrive in November

   Macroeconomic News (3)

Ponta: Budget revenues increased by RON 1.2 billion
Prime Minister Victor Ponta announced on Tuesday that budget revenues were RON 1.2 billion higher in August, compared to the corresponding month of 2014. "These are undeniable tax collection facts. [...] Despite the four tax reduction measures, the revenues are up RON 1.2 billion from August, 2014," said the Prime Minister.

(Source: economica.net; Date: 2015-09-02; Author: Unspecified)

Partying with borrowed money
The National Bank of Romania seems too involved in political games to pay attention to the biggest threat to macroeconomic stability. Yes, I'm talking about the worrying increase in the value of RON-denominated debt. The annual growth rate is significantly above the economic growth rate and reached 12.7% in July.

(Source: bursa.ro; Date: 2015-09-02; Author: Unspecified)

Senate commission approved Fiscal Code amendments
The Senate's Budget Commission issued a report unanimously endorsing the Fiscal Code amendments negotiated by the party leaders last week, including the two-stage VAT rate reduction. Viorel Arcas, chairman of the commission, stated that the purpose of these amendments was simply to spread the measures over a longer period of time.

(Source: bursa.ro; Date: 2015-09-02; Author: Unspecified)

   Financial News (3)

BNR foreign currency reserves reached EUR 29.4 billion
The National Bank of Romania (BNR) announced that the foreign currency reserves stood at EUR 29.4 billion at the end of August, up approximately EUR 200 million from July. The reserves had plunged EUR 1 billion in July because the Ministry of Finance had to redeem an issue of bonds. Compared to August, 2014, the reserves are down some EUR 1.5 billion.

(Source: zf.ro; Date: 2015-09-02; Author: Unspecified)

ALB members granted RON 1.149 billion in new financing
The aggregated value of new financing contracts signed in the first half of this year by the members of ALB amounted to RON 1.2 billion, up 10% year-on-year. Consumer loans accounted for approximately 90% of all contracts, while industrial loans reached only RON 61 million and car loans stood at RON 32 million.

(Source: bursa.ro; Date: 2015-09-02; Author: Unspecified)

Retail clients took out RON 2.6 billion in new loans in July
Retail clients took out RON 2.6 billion worth of new loans in July, up RON 800 million on an annual basis, while new corporate borrowing reached RON 1.9 billion, up RON 200 million y-o-y, according to data released by the National Bank of Romania (BNR). This indicates that retail clients responded to the downward trend in interest rates, something that the bankers have been denying. On the other hand, the lower interest rates seem to have made no impression on corporate clients.

(Source: zf.ro; Date: 2015-09-02; Author: Unspecified)

   Investment News (1)

Teleferic Hotel to open on September 15
The four-star Teleferic Hotel, located in the mountain resort of Poiana Brasov, will open on September 15 after a three-year refurbishing process. The hotel is currently owned by Tint SRL, which bought it from Willbrook Management. The refurbishing process saw the number of rooms reduced and the number of facilities increased.

(Source: zf.ro; Date: 2015-09-02; Author: Unspecified)

   Legislative News (1)

Car tax reimbursement ordinance published in Official Gazette
The special car tax reimbursement ordinance was published in Official Gazette and the government will pay the money over the next five years. Car owners who had paid the special tax no longer need to go to court in order to get their money back.

(Source: economica.net; Date: 2015-09-02; Author: Unspecified)

   Politics (1)

Motion of censure still not ready!
The National Liberal Party (PNL) has reconsidered its political strategy and pushed back the upcoming motion of censure until November, after the Social Democratic Party's (PSD) congress. "We'll file the motion of censure when the time is right. The shadow ministers will be announced in October and the motion will be filed before the recess," said PNL co-president Vasile Blaga.

(Source: bursa.ro; Date: 2015-09-02; Author: Unspecified)

   Social (3)

Unemployment rate stagnated in July
The seasonally-adjusted unemployment rate was 6.8% in July, same as in the previous month and in the corresponding month of 2014, according to the National Institute for Statistics (INS). The number of unemployed was estimated at 630,000 individuals.

(Source: adevarul.ro; Date: 2015-09-02; Author: Unspecified)

European unemployment situation
The total number of unemployed reported by the European Union members passed RON 23 million in July, exceeding Romania's population. The EU unemployment rate fell to 9.5%, from 10.2% in July, 2014. At 6.8%, Romania's unemployment rate is one of the lowest in the EU.

(Source: economica.net; Date: 2015-09-02; Author: Unspecified)

First migrants to arrive in November
The first group of migrants that Romania had promised to receive at the EU's request will arrive in November, according to Leonard Orban, President Iohannis's European policies adviser. Romania will receive slightly more than 1,700 refugees, who will be housed in the six reception centers available in the country. Those who do not have the right to apply for asylum, will not be allowed to remain in the country.

(Source: cursdeguvernare.ro; Date: 2015-09-02; Author: Unspecified)

   
   
copyright FIC
monitorized by MEDIAIMAGE GROUP

top


   Terms & Conditions     Privacy policy    Site Map    Contact
  ©2003 Foreign Investors Council
Maintained by Datagram