Romania FDI Falls 10.3% To EUR1.2B In January-June
Romanian foreign direct investment, or FDI, fell 10.3% to EUR1.19 billion in the first half of the year, the central bank said Wednesday.
Of the total FDI in the January-June period, equity stakes reached EUR1.11 billion, while intra-group loans were at EUR78 million.
In June alone, foreign direct investment fell to EUR101 million, from EUR306 million in the previous month.
Romania’s current account balance posted a deficit of EUR878 million in the first six months of 2014, from surplus a year earlier, mainly due to a wider income deficit.
Foreign direct investment in Romania rose 26.7% on the year to EUR2.72 billion in 2013, its highest level in four years. (Adevarul)
Several Investors Interested In Tarnita Hydropower Plant Construction
Romanian state-run company Hidro Tarnita, the project company which plans to build a EUR1 billion hydropower plant in Cluj county, said Wednesday a significant number of investors have expressed interest in the project.
Pre-qualification documents were available for purchase as of August 11 and the project company said a considerable number of investors have already shown interest and one has already purchased the documentation.
The Tarnita-Lapustesti project is expected to cost around EUR1.3 billion and its construction is estimated to take five to seven years. When completed, the plant will be the largest hydroelectric load balancing system in Romania, with a total capacity of 1,000 megawatts. (Curierul National)
Former Transport Minster Dan Sova Investigated For Abuse Of Office
Romanian anticorruption prosecutors are investigating former social democrat transport minister Dan Sova for abuse of office regarding contracts signed by his former law firm with state energy companies.
Anticorruption prosecutors said Sova’s law firm overcharged the two state-owned energy companies by RON3.5 million.
Leaving the Anticorruption Department Wednesday, Sova said he is being investigated for accessory to abuse of office in relation to those contracts.
Sova’s law firm had signed contracts for legal services with energy companies Rovinari and Turceni in 2007. Sova said he was not personally involved in those contracts and was not a politician at the time. (Adevarul)
Over 50% Of Youngsters Would Choose Easy To Learn Professions
One in two youngsters would choose a profession that entails more physical work but that they could learn quickly – driver, mechanic, sales professional, but over 65% of parents advise them to choose professions requiring higher education – doctor, lawyer, teacher, a survey has found.
The survey conducted by D&D Research and ordered be beer brand Bucegi, reveals that more than half of Romanians aged 18 to 24 would go for a “blue collar” job, which they could learn fast, would allow them to work anywhere in Europe and would bring immediate gain.
Over 65% of parents, however, advise their children to choose professions that require a university degree: doctor – 20%, lawyer – 10%, teacher – 7%. (Evenimentul Zilei)