Weather Forecast For Thursday And Friday
Temperatures on Thursday will be close to those specific for this time of the year and there will be variable sky conditions, temporary cloudy sky mainly in the northern and eastern regions, as well as in the mountains, according to meteorologists.
The wind will blow moderately, but harder on mountain crests. Maximum temperatures will range from minus 3 degrees Celsius in eastern Transylvania and seven degrees in southern region of Oltenia. Minimum temperatures will range, in general, between minus 10 and minus 2 degrees Celsius.
In Bucharest, temperatures will be close to those specific for this time of the year. (Puterea)
KazMunayGas Signs Agreement With CEFC Over Petromidia Control
KMG International saluted the conclusion in Bucharest of the agreement between the National Company KazMunayGas Kazakhstan and CEFC (China Energy Company Limited) stating the commitment to pursue the transaction of buying 51% of KMGI shares, and signed a restated set of documents, thus confirming the solid partnership between the two companies.
„The strategy of KMG International with its new major shareholder aims at developing major projects, Romania being the business priority. Considering Kazahstan’s potential in the energy sector, the financial resources of China, we will considerably impact the progress of this country. We plan to increase the refining capacity to 10 million tons of crude per year, to build up to 200 new fueling points, to develop industrial services in upstream and downstream areas, as well as to build a cogeneration plant on Petromidia platform. The investments carried out up to present, the implemented business model as well as the future partnerships are factors which make us optimistic about the continuous growth of the business.” – stated Zhanat Tussupbekov, CEO of KMG International.
Assets and operations owned and carried out by KMG International (KMGI) in Europe and in the Black Sea region will serve as a development platform that will target both the increasing of operational and financial performance of KMGI and expanding at the international level of dedicated activities and operations performed by CEFC. KMG will consider continuing of crude oil supplies towards KMGI subsidiaries in order to sustain and extend their core operations in Europe, and sustain refining operations at Petromidia. (Adevarul)
Romania Plans To Sell On Stock Market 20-25% Of Shares Of Ports And Airports
Romania’s Transport Ministry is proposing listing on the stock market the Bucharest National Airport Company (CNAB) and the Maritime Ports Administration Constanta (CNAPM).
As per a draft government decision on approving the own budget of revenue and expenses of the Transport Ministry regarding the privatization activity for 2016, put up for public debate, it is necessary to impose the amendment of the current privatization strategy considering that, in accordance with a memorandum published on October 4, 2016 by the Government, it was agreed to increase the share capital of CNAB and CNAPM by issuing new shares representing 20-25% of the share capital of each company and their sale on the stock market. (Puterea)
Romania To Increase Pension Point By 5.25% As Of January 1, 2017
The pension point will be raised by 5.25% starting January 1, 2017, through emergency ordinance, Romania’s Labor Minister Dragos Pislaru said Thursday evening.
The decision was made during the last Government meeting in which the Ciolos Cabinet can issue emergency ordinances.
The pension point will be raised to RON917.5 from RON871.7.
According to Pislaru, the increase will also be applied to state military pensions. (Evenimentul Zilei)
President Klaus Iohannis Invites Political Parties To Negotiations
President Klaus Iohannis has invited political parties to negotiations in order to designate a new prime minister.
Before offering a prime minister, political leaders offer us a premiere: the parties with the highest chances of seizing the power – PSD and ALDE – refused the invitation of President Klaus Iohannis to participate in consultations at the presidential Cotroceni palace. (Adevarul)