GCCC Members Notify National Anticorruption Department On IMF Loan
Over 250 members of the Group of Clients with CHF-denominated Loans (GCCC) decided to notify the Court of Accounts and the National Anticorruption Department (DNA) on the loan worth EUR20 billion taken by Romania in 2009 from International Monetary Fund, European Commission, World Bank and EBRD.
“According to several authorized opinions in the Romanian economic and financial environment, the necessary amount to be borrowed should have been around EUR5 billion. Nevertheless, Romania asked and received a fourfold higher amount. Moreover, the destination and the management of the money are not very transparent and cast certain doubts,” GCCC said in a statement.
GCCC members stated that, during that period, Romanians faced salary cuts or were laid off, numerous companies went bankrupt, while Romania was unable to exit the financial crisis, in the context of restrictions and limitations coming from IMF or national authorities.
The issue negatively affected an important number of Romanians who took Swiss franc loans, according to GCCC members. (Evenimentul Zilei)
Romania Sets Level Of Emergency Stocks Of Crude Oil And/Or Oil Products At 1.2 Mln Tons In 2016
The level of emergency stocks of crude oil and/or of oil products that must be set up for 2016 and maintained under Law no. 360/2013 was set at 1,238,183 tons of oil equivalent (toe), according to a decision approved by the Romanian Government on Wednesday.
Under Law 360/2013, minimum stocks can be set up from emergency stocks and specific stocks. Economic operators are obliged to set up and maintain emergency stocks, while Romania’s regulatory authority in the field, ANRSPS, is obliged to set up specific stocks.
Currently, the minimum stocks of crude oil and oil products set up based on the provisions of Law 360/2013 comprise emergency stocks set by economic operators.
The obligation to set up and maintain emergency stocks is for economic operators which introduce on the market qualities larger than 1,000 tons of crude oil and/or oil products per year. (Adevarul)
National Roads Authority CNADNR To Be Split Into Two Companies
The Romanian Transport Ministry decided to split the national roads authority CNADNR into two companies.
Thus, the National Road Investment Company (CNIR) will take over the big projects which have not been started yet by CNADNR, such as the modernization of south Bucharest ring road, the construction of ring road II south Bucharest, the construction of Sibiu – Pitesti highway, the construction of the highway linking Targu Mures – Targu Neamt – Iasi – Ungheni, as well as the construction of express road Ploiesti – Buzau – Focsani – Bacau – Pascani.
The current projects related to highway construction, which have already been started, will remain under the authority of the second company split from CNADNR, namely CNAIR. (Puterea)
Robert Turcescu: PM Dacian Ciolos Could Run For Parliamentary Elections On USR Lists
The former PMP candidate for Bucharest City Hall, Robert Turcescu, posted on his Facebook page that Prime Minister Dacian Ciolos could run for parliamentary elections on the lists of Save Romania Union (USR), the party led by Nicusor Dan.
Turcescu said it is a move planned by President Klaus Iohannis, who wants to create a party for the support of PNL, in view of a PNL-USR governing, so this would be the reason why Dacian Ciolos refuses to join PNL. (Evenimentul Zilei)
PSD Gives Up No-Confidence Motion
Official, PSD will no longer submit a no-confidence motion because Prime Minister Dacian will correct the error in the Tax Code, so that veterans’ wives would be again exempted from the payment of apartment taxes.
Unofficially, PSD did not manage to get a majority to submit a no-confidence motion. Moreover, the Tax Code error was even operated by Ponta government.
PSD president took a step back after PM Dacian Ciolos stated that the government would amend the Tax Code so that the wives of war veterans would be exempted again from the payment of apartment taxes. (Adevarul)