Adrian Trif Reelected Head Of PDL Harghita
Adrian Trif has been reelected head of the Democratic Liberal Party’s branch in Harghita.
Trif said he hopes right-wing parties will elect a common candidate for next year’s presidential elections. He added that former justice minister Catalin Predoiu might be nominated for the presidential race. (Evenimentul Zilei)
Iulia Motoc To Be Sworn In As ECHR Judge On December 18
Romanian judge Iulia Motoc will be sworn in as judge at the European Court of Human Rights (ECHR) on December 18.
Motoc currently serves as judge at the Constitutional Court and might be replaced by social democrat MP Ioan Chelaru. (Adevarul)
Romanian Budget Minister Won’t Say Who Proposed Hiking Excises On Fuels
Minister-delegate for Budget Liviu Voinea declined to say who proposed raising excises on fuels by EUR0.07/liter starting next year and added that the International Monetary Fund and the Romanian government negotiated a large pack of measures.
On the other hand, Voinea admitted that the IMF proposed increasing the flat tax from 16% to 18%.
Not raising excises on fuels would have deepened the budget gap, he added. (Curentul)
Romania’s Ctrl Bk Checks Banks On Suspicions They Deleverage Too Quickly
Romania’s central bank has recently checked banks in the system on suspicions they were deleveraging too quickly, Nicolae Cinteza, the head of the central bank’s Supervisory Department, said recently.
“In September, we noticed a decrease by EUR5 billion in resources, of which EUR4 billion came from increases in locally-attracted funds, and EUR1 billion from switching from Romanian accounting standards to the IFRS international standards.”
The central bank official also said the Romanian banks will undergo a new series of stress tests and asset checkups in 2014. (Adevarul)
Car Industry Contributed 10% To Romania’s GDP During Crisis
The Romanian car industry contributed 10% to the country’s gross domestic product during the crisis. However, Romanian authorities seem not to be aware of its significance and have adopted a series of measures that are likely to slow down the local car market’s growth.
U.S. carmaker Ford said in November it decided to temporarily halt production at its plant in Craiova in December and employees will return to work on January 6 in the engine division and January 8 on the B-Max assembly line. (Evenimentul Zilei)
Romanian Road Freight Transporters Halt Activity Indefinitely
Romanian road freight transporters will halt all activity Monday for an indefinite period in protest to the government’s plan to raise excise duties on fuels.
Their protest will block store supply.
According to transporters, the planned additional EUR0.07 excise on fuel will only keep fuel prices high in Romania, hindering competitiveness on a European and regional level. (Adevarul)