Romanian Researchers To Attend 2014 Geneva Inventions Exhibition
Romanian researchers will showcase 24 inventions at the 2014 International Exhibition of Inventions of Geneva held between April 2 and 6, according to the Education Ministry.
Romanian investors will be accompanied by representatives of the Embassy of the Swiss Confederation in Romania, of Romania’s Permanent Mission to the United Nations in Geneva and of international organizations based in Switzerland. (Curentul)
Health Ministry Allots RON157.8M For Emergency Medical Supplies
Romania’s Health Ministry has earmarked RON157.8 million from its own budget for the acquisition of medicines and medical devices needed for major emergency cases in 79 hospitals, according to an order of minister signed by Health Minister Nicolae Banicioiu.
The funds allocated to this purpose will be enough to buy medicines and medical devices needed in case of emergencies. (Adevarul)
Government Approves Day Off On May 2
Romania’s government has approved a decision declaring May 2 a day off for employees in the public sector, people close to the matter told MEDIAFAX.
The work day is to be made up for at a later date.
Prime Minister Victor Ponta said earlier Wednesday he hopes tour operators’ optimistic predictions for the May 1- May 4 materialize and the four-day weekend generates higher revenue. (Curierul National)
GfK: Romanians Have Twice More Loans Than Savings
There are twice more loans than savings accounts in Romania and this ratio has been maintained for nearly four years, according to a GfK survey.
Romanians had almost three times more loans than savings between 2007 and 2008.
The ratio between loans and savings products is 1 to 3 in Germany and Austria and 1 to almost 2 in Slovakia and the Czech Republic, respectively. Serbia Ukraine and Turkey are the three countries where loans are 4.7-fold, 3.3-fold and threefold higher than savings.
The GfK study analyzed the banking and insurance markets in 16 countries in Central and Eastern Europe. (Adevarul)
Garanti Bank Sees Romania’s Economy Growing 2.6% In 2014
Romania’s economy is likely to expand at an annualized pace of 2.6% in 2014, below the 3.5% growth rate posted in 2013, largely due to weaker agricultural output and slower export growth, according to Garanti Bank’s estimates.
However, imports are expected to rise on the backdrop of a revival in consumption and investments, according to Garanti Bank’s forecasts included in the most recent Quarterly Macroeconomic Report for the first quarter of 2014. (Curierul National)