Bill On Sovereign Development And Investment Fund Up For Debate
Romania’s Finance Ministry on Wednesday launched for public debate a bill regarding the Sovereign Development and Investment Fund whose portfolio might include 27 companies, among which Nuclearelectrica, OMV Petrom, Oil Terminal and Telekom Romania Communication.The fund will have the structure of a joint stock financial brokerage company and the Romanian state is its sole shareholder.
The fund’s portfolio might include the following 27 companies: Engie Romania, in whohc the state owns nearly 34%, Electrica (48.7%), Delgaz Grid (13.5%), E.On Energie Romania (31.8%), Biofarm (1.1%), Chimcomplex (12.8%), OMV Petrom (20.6%), Telekom Romania Communication (45,9%), Antibiotice (53%), Compania Națională pentru Controlul Cazanelor, Instalatiilor de Ridicat si Recipientelor sub Presiune (100%), the National Lottery Company (100%), the National Salt Company (51%), IAR (72%), Oil Terminal (59.6%), Cupru Min (100%), Unifarm (100%), the National Mineral Water Company (100%), The National Maritime Danube Port Administration Company (92.3%), Tourism Investment Company (100%), Romgaz (70%), Hidroelectrica (80%), Bucharest Airport Company (80%), Nuclearelectrica (82.4%), National Printing Company (100%), National Maritime Ports Administration Company (80%), Societatea de Administrare a Participatiilor in Energie (100%) and Conpet (58,7%). (mediafax.ro)
Weather Gets Warmer In Coming Days
The weather will get warmer in western and southwestern Romania, according to meteorologists.
In Bucharest, maximum temperatures will reach 27-28 degrees Celsius and minimum temperatures will reach 13-15 degrees Celsius. (mediafax.ro)
Consumer Protection Authority To Complete Checkups At Credit Institutions End-September
Romania’s Consumer Protection Authority (ANPC) started checkups on credit institutions, on August 28, to see whether they observe the legislation regarding promotion and advertising. Checkups will be completed at the end of September.
Amounts of RON1,097,773.31, EUR112,161.29, CHF361,828.78 and $361.13 have been given back to consumers, after ANPC had analysed their complaints. (mediafax.ro)
U.S. Ambassador And Defence Minister Visit Local Manufacturing Firms In Defence Industry
U.S Ambassador Hans Klemm and Romania’s Defence Minister Adrian Țuțuianu on Wednesday visited local manufacturing companies in the defence industry, located in Targoviste, to know the economic potential in this area in a move to boost investments between Romania and the U.S.A.
The joint visit of Klemm and Țutuianu in Targoviste took place in the context in which Prime Minister Mihai Tudose and the vice-president of US aerospace and defense company Lockheed Martin, Jonathan Hoyle, signed an agreement on Wednesday for technology transfers for F-16 fighter jets, people close to the matter said. (mediafax.ro)