Daily Newsletter
27 May 2016
Summary
- MFP wants to issue bonds for retail clients (Source: cursdeguvernare.ro)
- Ministry of Finance opens new state aid applications session (Source: economica.net)
- Budget surplus down to 0.02% this year (Source: bursa.ro)
- PM Ciolos: "Economic growth does not mean economic development" (Source: zf.ro)
- Raiffeisen Bank Romania has EUR 35 million investment budget (Source: economica.net)
- KRUK rejects debtor relief, Bancpost aims for unconstitutionality (Source: bursa.ro)
- Loans inch upwards (Source: hotnews.ro)
- Impreza Giuseppe Maltauro lands EUR 100 million deal (Source: zf.ro)
- Terrorism law could be modified (Source: money.ro)
- CCR says referendums should be separate from elections (Source: cursdeguvernare.ro)
- Traian Basescu: Calin Popescu Tariceanu has no reason to resign (Source: digi24.ro)
- PNL's election lie (Source: evz.ro)
- How many children left home in the past year? (Source: adevarul.ro)
Macroeconomic News (4) |
MFP wants to issue bonds for retail clients (Source: cursdeguvernare.ro; Date: 2016-05-27; Author: Unspecified) The Ministry of Finance (MFP) is planning to issue state bonds for retail clients worth RON 100 each. The issue will be worth RON 100 million and mature in two years, according to the Minister of Finance, Anca Dragu. Top |
Ministry of Finance opens new state aid applications session (Source: economica.net; Date: 2016-05-27; Author: Unspecified) The Ministry of Finance (MFP) has announced the launching of a new session for state aid agreement applications with the purpose of stimulating investments that have a major impact on the national economy. The session will run from July 11 to August 22 and it has a total budget of RON 638 million, up 50% from the previous session. Top |
Budget surplus down to 0.02% this year (Source: bursa.ro; Date: 2016-05-27; Author: Unspecified) The national budget showed a surplus of only RON 130 million, 0.02% of GDP, at the end of the first four months of this year. By comparison, the surplus was RON 5.96 billion at the end of April, 2015, according to the Ministry of Finance (MFP). Top |
PM Ciolos: "Economic growth does not mean economic development" (Source: zf.ro; Date: 2016-05-27; Author: Unspecified) Economic growth does not automatically mean economic development, noted Prime Minister Dacian Ciolos in Washington. The PM added that Romania "fell" into the economic crisis some years ago despite the economic growth because the government had no idea how to manage resources properly. Top |
Financial News (4) |
Sergiu Oprescu, ARB: Romanian banks are among the last in the EU from the quantity point of view and among the first from the quality point of view (Source: zf.ro; Date: 2016-05-27; Author: Unspecified) Sergiu Oprescu, president of the Romanian Banking Association (ARB), stated at a conference celebrating the association's 25th anniversary that Romanian banks are among the last in the EU from the quantity point of view and among the first from the quality point of view. Top |
Raiffeisen Bank Romania has EUR 35 million investment budget (Source: economica.net; Date: 2016-05-27; Author: Unspecified) Raiffeisen Bank Romania approved last month the investment plan for 2016, which is worth EUR 35 million, twice more compared to 2015. The bank spent EUR 16.5 million last year on developing its local operations and it will add this year EUR 14 million to that amount. Top |
KRUK rejects debtor relief, Bancpost aims for unconstitutionality (Source: bursa.ro; Date: 2016-05-27; Author: Unspecified) Raiffeisen Bank, Piraeus Bank, Bancpost and Banca Romaneasca are targeted by debtor relief requests, according to the Ministry of Justice website. Bancpost is trying to get the requests declared unconstitutional. Debt recovery company KRUK has rejected the debtor relief law. The firm told a client that debtor relief does not apply to her contract with BCR. Top |
Loans inch upwards (Source: hotnews.ro; Date: 2016-05-27; Author: Unspecified) The total value of non-government borrowed reported by lenders in April increased by 0.1% on a monthly basis, reaching RON 216.43 billion, according to BNR officials. RON-denominated borrowing went up by 1.7%, while borrowing denominated in foreign currencies fell by approximately the same percentage. Top |
Investment News (1) |
Impreza Giuseppe Maltauro lands EUR 100 million deal (Source: zf.ro; Date: 2016-05-27; Author: Unspecified) The National Roads Company (CNADNR) has signed the contract for designing and building the West Cluj-Mihaiesti sector of the Brasov-Targu Mures-Oradea. The contract was granted through an open tender to the group formed by Impreza Giuseppe Maltauro and Viaponte ROM. Top |
Legislative News (2) |
Terrorism law could be modified (Source: money.ro; Date: 2016-05-27; Author: Unspecified) The Ministry of Internal Affairs (MAI) has released for public debate a bill that would amend and complete Law 535/2004 regarding the prevention and elimination of terrorism. The purpose of this bill is to update the law with new types of crimes and penalties. Top |
CCR says referendums should be separate from elections (Source: cursdeguvernare.ro; Date: 2016-05-27; Author: Unspecified) The Constitutional Court of Romania ruled yesterday in favor of the People's Attorney regarding the emergency ordinance that allows the holding of local referendums at the same time as the local elections, using the same voting precincts, electoral bureaus and ballots. Top |
Politics (2) |
Traian Basescu: Calin Popescu Tariceanu has no reason to resign (Source: digi24.ro; Date: 2016-05-27; Author: Unspecified) Former president Traian Basescu stated that Senate president Calin Popescu Tariceanu has no reason to resign because he is still presumed innocent and that ALDE's party charter does not require a member to resign if he's being investigated. Top |
PNL's election lie (Source: evz.ro; Date: 2016-05-27; Author: Unspecified) Scared of the polls indicating a PSD victory, the National Liberal Party (PNL) invented the story that the PSD is preparing to suspend President Iohannis before the November elections. Top |
Social (1) |
How many children left home in the past year? (Source: adevarul.ro; Date: 2016-05-27; Author: Unspecified) The latest figures provided by the Save the Children Organization (OSC) showed that no less than 4,200 children ran away last year. In 97% of cases, the children left home voluntarily, according to the organization. Top |