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2015 Archive:
 
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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 7, 2015


FIC (0)
No news for today
Macroeconomic News (4)
Chemicals exports reached EUR 1.14 billion
Construction, financial brokering show positive contribution
Government wants to begin talks for new agreement with IMF, EU
Consumption drives growth
Financial News (3)
BT shareholders to discuss budget
UniCredit to lay off more than 10,000
BCR offers to lower interest rates
Investment News (3)
Mega Image opened three new stores
Lidl opens Voluntari store
Henry Schein invests EUR 9 million
Legislative News (2)
Overtime and vacation changes
Ministry of Energy allowed to boost equity and establish companies
Politics (1)
Robert Negoita is PSD's plan B
Social (1)
Most of the 800 rejected schools lack water and sewerage access

   Macroeconomic News (4)

Chemicals exports reached EUR 1.14 billion
Romanian companies exported in the first five months of this year EUR 1.14 billion worth of chemicals and related products, up EUR 30 million year-on-year, according to the National Institute for Statistics (INS). Imports amounted to EUR 4.4 billion, up EUR 198.7 million y-o-y.

(Source: economica.net; Date: 2015-09-07; Author: Unspecified)

Construction, financial brokering show positive contribution
An analysis of the statistical data from the first half of this year indicated that the construction and financial brokering sectors had stopped having a negative contribution to the GDP, according to statements made at a press conference held on Friday by Tudorel Andrei, president of the National Institute for Statistics (INS).

(Source: economica.net; Date: 2015-09-07; Author: Unspecified)

Government wants to begin talks for new agreement with IMF, EU
The Minister of Finance, Eugen Teodorovici, stated that the Romanian Cabinet wants to begin talks for a new agreement with the IMF and the European Union. The Cabinet is interested in a more flexible agreement that would gain the backing of all major political parties. Liviu Dragnea, interim head of the PSD, said that the party has approved the negotiations.

(Source: bursa.ro; Date: 2015-09-07; Author: Unspecified)

Consumption drives growth
The retail and IT&C sectors had the highest contributions to the economic growth in both the second quarter and the first half of this year, according to the preliminary data announced by the National Institute for Statistics (INS). Total effective final consumption contributed 3.7% to the H1 economic growth rate, which shows that economic growth is pushed forward by consumption and not investment.

(Source: zf.ro; Date: 2015-09-07; Author: Unspecified)

   Financial News (3)

BT shareholders to discuss budget
The shareholders of Banca Transilvania, the third-biggest bank in Romania, were called to a general meeting on October 8 in order to approve the merger with Volksbank and the updating of the revenues and expenses budget for 2015. The gross profits estimated by the bank for this year stand at RON 596 million, up 18% year-on-year. The biggest shareholder is the European Bank for Reconstruction and Development, which holds a 14.3% stake.

(Source: zf.ro; Date: 2015-09-07; Author: Unspecified)

UniCredit to lay off more than 10,000
Federico Ghizzoni, CEO of UniCredit, has recently refused to discuss rumors hinting that the Italian bank is preparing to lay off 10,000 workers. The CEO said that no firm figure had been agreed to yet. The layoffs would hit UniCredit staff in Italy, Germany and Austria.

(Source: bursa.ro; Date: 2015-09-07; Author: Unspecified)

BCR offers to lower interest rates
Dana Demetrian, vice-president of BCR in charge of Retail Private Banking, stated on Friday, September 4, that the bank had agreed to reduce the interest rates of 3,000 clients in order to lower their installments. BCR has offered to reduce the interest rates for housing and mortgage-backed consumer loans by an average of 20%. Clients will pay a flat interest rate of 4.95% for five years or 5.95% for ten years. At the end of this period, the interest rate becomes adjustable, using the six-month ROBOR or EURIBOR indexes.

(Source: bursa.ro; Date: 2015-09-07; Author: Unspecified)

   Investment News (3)

Mega Image opened three new stores
Supermarket chain Mega Image has opened three new stores: a Mega Image store in the Ilfov county and two Shop&Go stores in Bucharest and Ilfov. The retail now operates 433 locations in Romania under the Mega Image, Shop&Go, AB Cool Food and Gusturi Romanesti brands.

(Source: zf.ro; Date: 2015-09-07; Author: Unspecified)

Lidl opens Voluntari store
German discounter Lidl has reached 188 stores with the opening of a new supermarket in Voluntari, Ilfov county. The 1,200 sqm store is located on the Bucharest North Road, within the Pipera Plaza. This is the fifth Lidl store opening of 2015.

(Source: zf.ro; Date: 2015-09-07; Author: Unspecified)

Henry Schein invests EUR 9 million
Henry Schein, one of the biggest veterinary companies in the world, has added EUR 9 million to the equity of Maravet Baia Mare. The US giant bought 50% of Maravet this July, thus entering the Romanian market. Last year, Maravet had a turnover of EUR 27 million, up approximately 20% year-on-year.

(Source: zf.ro; Date: 2015-09-07; Author: Unspecified)

   Legislative News (2)

Overtime and vacation changes
A new Labor Code was passed by the Senate and is now on its way to the Chamber of Deputies. The bill had been drafted by the National Labor Bloc (BNS) and among the changes it brings to the current rules is the compensation of additional work with paid leave in the 30 days following the overtime.

(Source: adevarul.ro; Date: 2015-09-07; Author: Unspecified)

Ministry of Energy allowed to boost equity and establish companies
The Ministry of Energy (MEIMMMA) will be allowed to establish companies in the state's name, to increase the equity of existing or newly-established companies and to increase the equity of companies it is a shareholder of, according to a draft emergency ordinance posted on Friday on the ministry's website for public discussion.

(Source: cursdeguvernare.ro; Date: 2015-09-07; Author: Unspecified)

   Politics (1)

Robert Negoita is PSD's plan B
Robert Negoita, mayor of Third District, is one of the Social Democratic Party's (PSD) options in next year's mayoral race, following the detaining of Sorin Oprescu, mayor of Bucharest. "We have two reserve candidates and Negoita is the most likely to get the nomination," said PSD sources.

(Source: adevarul.ro; Date: 2015-09-07; Author: Unspecified)

   Social (1)

Most of the 800 rejected schools lack water and sewerage access
The Minister of Education, Sorin Campeanu, stated on Wednesday that 800 schools servicing slightly more than 100,000 children were not issued new permits. "Unfortunately, I have to admit that most of these schools are located in rural areas, where drop out rates are rather high," said the Minister.

(Source: adevarul.ro; Date: 2015-09-07; Author: Unspecified)

   
   
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