Daily Newsletter
16 July 2018
Summary
Macroeconomic News (4) |
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Almost EUR 846 million in EU funds for PNDR 2020 beneficiaries
The Rural Investment Financing Agency (AFIR) will launch between July and September a number of calls for projects for the PNDR 2020 sub-measures. The calls will be backed by a total budget worth EUR 846 million, according to data released by the Ministry of Agriculture and Rural Development (MADR). Top |
Industry woes put GDP in doubt
The industry slowed down in the first half of this year, a situation seen as worrying because the industry accounts for a quarter of the national economy. Industrial production increased 5.7% in the first five months of this year, but is down 0.4% on an annual basis. Top |
Bilateral trade with France up 4.4% in 2017
Romania's bilateral trade with France reached EUR 7.8 billion in 2017, up 4.4% from the previous year, according to the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER). Last year, France posted an EUR 84 million trade surplus with Romania. Top |
State-owned companies owe more than RON 14 billion in arrears
The arrears of state-owned companies amounted to RON 14.44 billion at the end of April, but any foreclosure or forced sale of assets would bring in only RON 468 million, 3.2% of the total. The rest of the arrears are beyond ANAF's reach. Top |
Financial News (2) |
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The three-month ROBOR rate, which is used to calculate the adjustable interest rates of most RON-denominated loans, stagnated at 3.35% on Friday, according to the National Bank of Romania (BNR). The six-month rate rose from 3.46% to 3.47%. Top |
Fitch Ratings confirms Romania's long-term debt ratings
Fitch Ratings confirmed on Friday the BBB- rating for Romania's long-term debt, denominated in both RON and foreign currencies, with a stable outlook, according to a press release. The short-term debt's rating was also confirmed at F3. Top |
Investment News (1) |
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State invests in IT infrastructure
The flow of marital status papers will be transferred to digital solutions, according to the Minister of Communications and Information Society, Bogdan Cojocaru. At the same time, the authorities will develop and implement an electronic system for issuing medical leaves and referrals. Top |
Legislative News (2) |
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Venice Commission sends preliminary opinion on judiciary bills
The Venice Commission sent on Friday a preliminary opinion regarding the bills amending Romania's judiciary laws. The Commission asked the national authorities to review the appointment system for high ranking prosecutors and strike a balance between the CSM and the Minister of Justice. Top |
Parliament to take up pension bill in September
The Minister of Labor, Olguta Vasilescu, stated on Friday evening that the Parliament would take up the pension bill in September, thus giving everyone a chance to put forward an opinion. Interested parties can request clarifications from the Ministry or send in requests for amendments. Top |
Politics (2) |
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President Klaus Iohannis: Romania and France will help EU recover
President Klaus Iohannis attended the July 14 reception organized by the French Embassy. The President stated that, by joining forces in the spirit of historical fraternity, Romania and France could become sources of stability for the European Union and help push for a stronger Union. Top |
USR urges CCR to observe Venice Commission recommendations
The Save Romania Union (USR) has urged the Constitutional Court of Romania to observe the recommendations made by the Venice Commission on grounds that the country's very democracy and future are at stake. The party went so far as to say that "CCR is facing a truth trial". Top |
Social (1) |
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3.4 million Romanians left country between 2007 and 2017
A new Eurostat report confirms the exodus plaguing Romania. The country lost 120,000 residents between January 1, 2017, and January 1, 2019. Meanwhile, the European Union's population increased by almost 1.1 million people. Top |