Andreea Marinescu
ANM issues Code Yellow for snow and blizzard in 36 counties, until Thursday morning
More than three quarters of Romania will be placed under a Code Yellow advisory of wind intensifications, snow and blizzard, according to the forecast published by the National Meteorological Administration (ANM).
Romania's Transgaz signs MoU on development of natural gas networks in Eastern Europe
Romania's Transgaz national natural gas transmission corporation signed on January 28 a Memorandum of Understanding (MoU) on the Partnership for the Development of Natural Gas Networks in Eastern Europe (EE-NGP), according to a press statement released on Friday to the Bucharest Stock Exchange (BVB). The memorandum was signed by all the entities that are members of the project.
Unemployment rate decreases to 3.9pct in December 2019
The seasonally adjusted unemployment rate fell to 3.9pct in December last year, from 4pct in November, and the number of the unemployed decreased to 354,000 people, according to data from the National Institute of Statistics (INS) published on Thursday. In November 2019, the number of unemployed people aged 15-74 was 366,000, and in December 2018 - 359,000.
UPDATE Romania's end-2019 budget deficit at 4.6 pct of GDP
Romania closed 2019 with a budget deficit of 4.6 percent of GDP, above the authorities' November estimation, when the second budget adjustment was operated, Finance Minister Florin Citu announced on Tuesday. The only time with a wider budget gap was the crisis year of 2010, when the government ran a deficit of 6.5 percent of GDP. In 2018 the budget deficit was 2.88 percent of GDP.
Three-month interbank offered rate rises to 3.18 ppa
Romania's three-month interbank offered rate ROBOR rose on Tuesday to 3.18 ppa, from 3.16 ppa, on Monday, according to data published by the National Bank of Romania (BNR). At the beginning of last year, the three-month ROBOR was 2.99 per year, and at the end of the year 2.18 pct. On the same day of 2019, the index stood at 2.20 per year.
APIA authorizes payment of over 92pct of eligible farmers; total sum exceeds 2bn euros
The Agency for Payments and Intervention for Agriculture (APIA) has authorized the payment of over 92pct of the number of eligible farmers of the 2019 Campaign for single payment applications, with a total amount of 2.115 billion euros, informs the institution on Tuesday.
EximBank finalises Banca Romaneasca's takeover
EximBank has finalized the acquisition of Banca Romaneasca SA (BROM), with the submitted bid being part of the agreement concluded in June 2019 between EximBank and National Bank of Greece (NBG) on the purchase of the latter's 99.28 percent stake in BROM, the bank said in a release.
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LabMin Alexandru, private pension plan providers discuss pillar two pension plan returns
Minister of Labour and Social Protection Violeta Alexandru and providers of private pension plans have been discussing for some time the return on investment rates offered by privately managed pension plans.
Romania's natural population growth, negative in November 2019
Romania's natural population growth was negative in November 2019, while the number of deaths among infants aged less than one year was 72, by 25 fewer compared to October of the same year, show data from the National Institute of Statistics (INS), published on Tuesday.
Annual inflation rate, up to 4pct in December, above BNR forecast
The annual inflation rate went up 4 percent in December 2019, from 3.8 percent in November, given that food prices increased by 5.08 percent and non-food prices by 3.31 percent, while the price of services registered an advance of 4.16 percent, according to data released on Tuesday by the National Institute of Statistics (INS). "In December 2019, consumer prices were 4.0 percent higher YoY.