Daily Newsletter
06 January 2020
Summary
Macroeconomic News (3) |
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2020 is crucial year for national labor market
The labor market could reach 5 million employees in 2020 for the first time in 20 years. All that's needed is another 16,000 employees on top of the 4,984 million employees reported for September, 2019. The steady increase in the number of employees over the past five to six years has disproved the critics who said that minimum salary increases would reduce the employers' potential to create new jobs. Top |
Minister of Finance wants IT strategy approved by CSAT
The Minister of Finance, Florin Citu, wants the Supreme Homeland Defense Council (CSAT) to approve the information technology strategy for the National Fiscal Administration Agency (ANAF) and the Ministry of Finance (MFP). Citu also called tax evasion a national security problem. Top |
EU funds sought for natural gas networks
The Minister of Economy, Virgil Popescu, announced on Friday that Prime Minister Orban had asked him to draft a bill that would allow local authorities to apply for EU funding for the construction of natural gas distribution networks. Top |
Financial News (2) |
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First BNR reference exchange rates of 2020
The National Bank of Romania (BNR) posted a reference exchange rate of RON 4.7789 per EUR and RON 4.2922 per USD. Top |
BNR reserves amounted to EUR 32.93 billion at December end
The foreign currency reserves of the National Bank of Romania (BNR) amounted to EUR 32.93 billion at the end of December, down EUR 891 million in the last month of 2019. This was the lowest figure since June, 2019. Top |
Investment News (2) |
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C.E. Oltenia has RON 590 million investment plan
The Oltenia Energy Complex (CEO), one of the country's biggest electricity producers, has a RON 590 million investment plan for this year. The company will also launch a five-year decarbonization plan worth almost EUR 1 billion, according to CEO Sorin Borza. Top |
First District Hall launches hospital auction
Bucharest's First District Hall has put up for auction a contract worth EUR 504 million for the construction of a Class 1 A emergency hospital. The contract is managed by the Company for Investment and Development in Healthcare and Public Interest Fields (CIDSDIP). Top |
Legislative News (1) |
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Law granting police new powers to come into force on January 26
Law 192/2019, which provides a clearer definition of police duties, while also increasing police powers, will come into force on January 26. The new law allows police officers to enter houses without the owners' approval. Top |
Politics (2) |
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Marcel Ciolacu, interim leader of the Social Democratic Party (PSD), said the party would file a motion of censure after the Parliament recess. He offered no other details. Top |
PM Orban to meet EU, NATO leaders in Brussels
Prime Minister Ludovic Orban will be in Brussels for a work visit between January 7 and 9. The PM will hold a bilateral meeting with Charles Michel, President of the European Council, followed by a series of meetings with European Commission officials. Top |