Moderate Earthquake In Vrancea County
An earthquake of 3.5-degree magnitude on the Richter scale took place Friday in Romania’s south-eastern Vrancea seismic area.
The tremble originated at a depth of 127,4 kilometers and the towns closest to the epicentre of the quake are Nehoiu (43km), Odobesti (51km), Covasna (51km), Slanic-Moldova (57km), Ramnicu Sarat (57km).
Three earthquakes took place Monday night in Vrancea. (cotidianul.ro)
Unstable Weather On Dec 15, 16 And 17
The sky will mostly be variable, but cloudy in wester and north-western Romania, where there will be rain on some areas, mainly in the morning and in the evening.
The wind will blow harder in the mountains and locally in western regions. Fog will also appear in central, southern and eastern areas.
On Friday, the weather will be warmer and the sky will be variable during the day. (jurnalul.ro)
Romania’s Total External Debt Grew By EUR1.39B In January-October 2017
Romania’s total external debt grew by EUR1.39 billion from end-December 2016, standing at EUR94.3 billion at the end of October. Long-term debt stood at EUR69.559 billion, accounting for 73.8% of the total external debt.
Romania’s current account balance posted a deficit of EUR5.3 billion in January-October, compared with a deficit of EUR2.83 billion in the same period the year before, central bank data showed Thursday.
Foreign direct investment stood at EUR4.09 billion in January-October compared with EUR3.48 billion in the same period last year. Of total FDI, equity stakes (including estimated net reinvestment of earnings) amounted to EUR3.439 billion, while net intra-group lending stood at EUR659 million, the data showed.(cotidianul.ro)
Intesa Sanpaolo Completes Transfer Of Veneto Banca Operations In Romania
Intesa Sanpaolo has completed the formalities regarding the transfer of certain assets and liabilities from Veneto Banca’s former subsidiary in Romania, including the 19-unit network, to the newly established Intesa Sanpaolo SPA,Turin – the Bucharest subsidiary, as per a press statement.
Following the transfer, Intesa Sanpaolo SPA,Turin – the Bucharest subsidiary currently has in its portfolio loans and all deposits set up at Veneto Banca in Romania. Moreover, Veneto Banca employees were transferred to Intesa Sanpaolo SPA,Turin – the Bucharest subsidiary.
Intesa Sanpaolo group currently operates in Romania through two entities: Intesa Sanpaolo Bank Romania SA (30 units) and Intesa Sanpaolo SPA,Turin – the Bucharest subsidiary (19 units).
The deal is part of a contract signed on June 26, 2017 by Intesa Sanpaolo with liquidators Banca Popolare di Vicenza and Veneto Banca (Italy).
Intesa Sanpaolo has a 5,700-unit network and 20 million customers in 40 countries worldwide. In Romania, Intesa Sanpaolo mainly focuses on corporate and SME (small and medium-sized) customers.(jurnalul.ro)