Weather Report For Christmas Days
The first two days of Christmas will see poor and temporary snowfall and only in the regions of Transylvania, Maramures and Moldavia.
According to meteorologists, on the first day of Christmas, temperatures will fall towards an average level for this period and snowfall will be poor and temporary. Maximum temperatures will range from -4 to 4 degrees Celsius. Wind gusts will reach 50 – 55 km/h in the regions of Moldavia, Dobrogea and southwestern Oltenia.
On the second day of Christmas, the wind will be feeble and the sun will come up especially in southern Romania. In Bucharest, the first and second day of Christmas will see normal temperatures, reaching highs of 3- 5 degrees Celsius and lows of -4 and -2 degrees Celsius. (puterea.ro)
PM Dancila Responds To President Iohannis’ And Opposition Leaders’ Criticism
Prime Minister Viorica Dancila harshly responded to latest criticism from President Klaus Iohannis and various leaders of the opposition parties regarding public money available for wages and pensions.
“These false alarms occur every year, but in reality, things are different. There is no such thing as having no money to pay wages and pensions. We (the government, ed.) boosted the (people’s, ed.) income. A government that raises pensions and wages is not irresponsible. It is sad that high-profile people in Romania, who run various political parties, come up with this kind of things.” Dancila told RomaniaTv. (puterea.ro)
Capitalisation Of Bucharest Stock Exchange Down 15% Last Week
The capitalization of the Bucharest Stock Exchange (BSE) fell 15.54% last week, from RON162.02 billion last Monday to RON136.84 billion last Friday, over the government’s plans to introduce new taxes for banks, energy and telecom companies.
Between December 17 and 21, 2018, the regulated market saw 32,440 deals involving 733.7 million shares whose value reached RON1.37 billion, according to BSE data.
Brokers, analysts and market participants were looking at crashes that remind of the financial crisis of 2007-2008 but are the consequence of patching up an overly generous state budget for Romania, which is the second-poorest country in the EU.
On December 18, 2018, Finance Minister Eugen Teodorovici announced new taxes on bank assets, energy and telecom companies, which he intends to use to patch the holes in the 2019 budget.
The government also seeks to cap power and natural gas prices. It also hit private pension administrators, the main institutional investors on the Romanian capital market, by planning to allow contributors to withdraw their retirement money early. (jurnalul.ro)