Daily Newsletter
12 April 2018
Summary
- Real salary drops (Source: cursdeguvernare.ro)
- Political tensions rise, economy slows down (Source: news.ro)
- National average salary reached RON 2,487 in February (Source: bursa.ro)
- BCR was leading player of national state bonds market (Source: zf.ro)
- Tarom announces major procurement contracts (Source: news.ro)
- IKEA builds second store (Source: zf.ro)
- Fiscal Code faces new overhaul (Source: cursdeguvernare.ro)
- PM Dancila issues warning (Source: adevarul.ro)
- Gorghiu says GRECO report is heavy blow to PSD-ALDE (Source: agerpres.ro)
- Medical unions to stage protest on Friday (Source: news.ro)
Macroeconomic News (3) |
The average gross salary was RON 4,128 in February, down 0.4% on a monthly basis, according to the National Statistics Institute (INS). Somewhat paradoxically, the average net salary increased slightly to RON 2,487. Top |
Political tensions rise, economy slows down A tight fiscal policy could reduce the economic growth rate to 4.4% in 2018 and 3.6% in 2019, while the conflict between the executive, the legislative and the judiciary could increase, according to a report released by UniCredit Bank. Top |
National average salary reached RON 2,487 in February The national average salary reached a net value of RON 2,487 in February, up 11.2% compared to the corresponding period of 2017, according to data released yesterday by the National Statistics Institute (INS). The previous month's growth rate was 8%. Top |
Financial News (1) |
BCR was leading player of national state bonds market BCR retained in February its leading position among the primary dealers of the national market. The second place went to ING Bank. Top |
Investment News (2) |
Tarom announces major procurement contracts State-owned carrier Tarom has put procurement contracts on the block in order to secure the products and services needed to implement the central client interface system. After almost 10 years of ignoring the problem, the company is investing massively in the IT infrastructure. Top |
IKEA builds second store Swedish retailer IKEA is building its second Romanian store. The first structure elements of the Theodor Pallady Avenue building are in place and the store is starting to take shape. The store is rumored to be scheduled for an autumn opening, but no official confirmation has been made. Top |
Legislative News (1) |
Fiscal Code faces new overhaul The Fiscal Code will be analyzed "article by article" and a new series of changes is expected before the end of the year, according to statements made by the Minister of Finance, Eugen Teodorovici, at the end of a conference organized by the European Commission Delegation. Top |
Politics (2) |
PM Dancila issues warning Prime Minister Viorica Dancila held a "work meeting at Antena 3", as anchor Alessandra Stoicescu referred to it. The PM admitted that some ministers do not perform as well as expected, but added that no reshuffling would take place. The European reaction to judiciary reform was not discussed. Top |
Gorghiu says GRECO report is heavy blow to PSD-ALDE Senator Alina Gorghiu (PNL) said the GRECO report criticizing the judiciary reform is a "heavy blow" to the PSD-ALDE coalition and that it demands a public statement from the Minister of Justice, Tudorel Toader, and the Parliament leaders. Top |