Prime Minister Florin Cîţu has transferred the responsibility of
growing prices onto the National Bank of Romania (NBR), saying he is
confident the central bank will find a solution to render the dynamics
of inflation more moderate. The statement came considering that the
National Institute of Statistics (INS) announced on Friday that the
annual inflation rate had grown to 5.3% in August, after the price of
electricity had increased by 24.6% and the price of gas had gone up
Net investments in national economy exceeded RON 48.513 billion in
H1/2021, up by 10.6% year-on-year, according to data published by the
National Institute of Statistics on Friday, 10 September. Net
investments made in Romanian economy totaled RON 28.352 billion in
Q2/2021, having thus recorded a 12.2% advance compared to the second
quarter of 2020.
The Consumer Price Index (CPI) grew at a 5.25% annual rate in August
2021, above analysts’ expectations, following a 4.95% advance in July,
amid a monthly increase of 0.24%, and a 0.97% rise in the previous
month, according to data from the National Institute of Statistics.
This is the biggest annual increase in the CPI since June 2018, given
that expectations on the market had indicated a 5.2% annual advance.
CPI’s average annual growth rate has been 3.7% since the beginning of
2018, much above the accepted definition of price stability, namely a
2% annual inflation rate.
The European Bank for Reconstruction and Development (EBRD) and
Eurohold, the owner of Euroins Insurance Group, have signed an
agreement through which EBRD will take over a minority stake at
Euroins, according to a press release. The agreement has been approved
at all corporate levels of the two entities, and the final contractual
documents will be signed in the following days. The European Bank for
Reconstruction and Development’s investment in Euroins will amount to
EUR 30 million and will be achieved through a share capital increase.
Eurohold, the owner of Euroins, will also participate in the share
capital increase procedure, with an additional equity injection of up
to EUR 12 million.
UniCredit Consumer Financing has re-launched the Green Loan financing
offer without a mortgage, thus meeting the needs of its retail clients
interested in purchasing energy-efficient electronics, electrical
household appliances, equipment or materials for home use, with a fixed
annual interest starting from 5.99% per year, depending on the package
of options chosen by the client upon concluding the contract, according
to a press release. Moreover, clients can opt for signing the loan
documents by electronic means, using a qualified electronic signature,
both on a tablet, in UniCredit Bank branches, and through UniCredit
Bank’s Mobile Banking application, a more time-saving and convenient
option than if they opt for the handwritten signature.
The possibility of exempting green investments from the European Union
deficit calculations will form part of discussions when EU budget rules
are revised, European Commission Vice President Valdis Dombrovskis
stated on Saturday. The idea to exempt investment that would help
prevent climate change is to support the bloc’s ambition to cut net CO2
emissions to zero by 2050.
Valentina and Remus Vesler, from Harghita, who had accumulated some
marketing, communication and statistics experience, created the Vandoor
project, following a EUR 50,000 investment, inspired by the new market
rules imposed by the pandemic, upon limiting local producers’ access to
consumers. The restricted access to traditional markets, the
cancellation of fairs and producers’ surplus of goods made the two
think of a business opportunity.
Education Minister Sorin Cîmpeanu has announced that an Emergency
Ordinance was adopted, during the Government meeting, regarding the
inclusion of all nurseries into the national education system. He has
indicated that this project must be finalized by 1 October 2021.
The President of the Chamber of Deputies, Ludovic Orban has announced
that unless the Government adopts a normative act to stipulate that
projects below a certain value, carried out through the National
Investment Company, can be taken over by local authorities, who would
organize the corresponding tenders, he will submit a draft law in this
direction. Mr. Orban is convinced the draft law will be supported in
European Commission President, Ursula von der Leyen, is expected to
tout the success of the institution’s vaccine strategy and the COVID
certificate in her State of the EU speech on 15 September. Von der
Leyen discussed on Thursday, 9 September, some of the key point she
intends to address next week in Strasbourg with the leaders of the
European Parliament’s political groups.
Prime Minister Florin Cîţu stated, during the videoconference with
prefects and Public Health Directorate (DSP) representatives that the
school year must take place with physical attendance, and children’s
safety must come first, underlining that the established rules must be
observed. He also indicated that there were several exceptions, namely
schools that would not start the new school year with physical
attendance, in 11 localities: five in Satu Mare County, two in Arad,
one in Sălaj, one in Dolj and one in Teleorman. The Prime Minister also
pointed out that the situation of schools where hygiene measures and
supplies had not been ensured yet must be solved as soon as possible.
The Ministry of Health has established the methodology for the
provision of vouchers to people who get vaccinated against COVID-19. As
a result, fully vaccinated persons will receive five food vouchers,
worth RON 100 altogether. The vouchers can be picked up from the
vaccination center or from family doctor’s unit, depending on where the
person has got immunized. The vouchers shall be granted starting from
31 August. On Friday, 10 September, interim Health Minister Cseke
Attila signed the Order on the provision of food allowance in the form
of food vouchers to people who get fully vaccinated against the
During a video conference with several ministers, prefects and other
authorities on Sunday, 12 September, Prime Minister Florin Cîţu
requested that the number of Intensive Care beds for COVID-19 patients
should be doubled at national level. PM Cîţu admitted that the
epidemiological situation was worrying, even though a month ago, he had
stated that the fourth wave of Covid-19 was not justified as long as
there were vaccines available and that the success of the vaccination
campaign was illustrated by the small number of infected persons.