Flood Victims In Olt County Receive Modular Homes
Romania’s Interior Minister Gabriel Oprea has approved the distribution of 12 modular homes for the families affected by recent floods in southern county of Olt.
According to the Interior Ministry, the 12 homes were taken to localities Colonesti, Optasi-Magura and Corbu in Olt County. (Adevarul)
Banks Sell NPL Portfolios Monthly
Banks in Romania are selling portfolios of non-performing loans (NPLs) on a monthly basis.
Moreover, over the last week, three financial-banking institutions said they would sell NPL portfolios and proceed to major takeovers which mainly target small and medium lenders. (Evenimentul Zilei)
Romania Average Net Wage Inches Higher In June
Romanian average net salary inched up 0.3% to 1,687 lei (EUR380) in June, from RON1,682 a month earlier, according to the statistics institute INS.
Gross average salary was also 0.3% higher, at to RON2,334, the data showed.
Staff in the oil and gas sectors received the biggest paychecks in June, of RON4.
At the opposite end, hotel and restaurant employees received the lowest monthly salaries, of RON981. (Curierul National)
Central Bank Cuts 2014 Inflation Forecast Again
Romania’s central bank has revised sharply down its inflation forecast to 2.2% this year from 3.3% previously, saying the inflation rate is expected to decelerate at a faster pace than initially estimated.
Romania’s inflation eased for the second straight month to a fresh record low of 0.66% in June, from 0.94% a month earlier.
The forecast on the 2015 year-end inflation was also revised down to 3%, from 3.3% previously envisaged. The average annual inflation is seen at 1.4% this year and at 2.4% in 2015. (Romania Libera)
PM Ponta Scraps Cohabitation Pact With President Basescu
Romanian Prime Minister Victor Ponta sent a letter to President Traian Basescu to inform the latter that their cohabitation pact is no longer valid, people close to the matter told Mediafax.
Ponta said his move is meant to show Romania’s European partners that Basescu “is an impostor, a liar and a person who makes a mockery of any kind of partners.” (Adevarul)