Romania Sells RON600M Of 15-Year Bonds; Yield Falls To 2.9%
Romania’s Finance Ministry Monday sold a planned 600 million lei (EUR136 million) in state paper in a reopening of its 15-year bond due July 2027, at an average yield of 2.94%, lower than at the previous auction.
Book orders amounted to RON1.06 billion, and the maximum accepted yield was 2.98%, central bank data showed. The ministry plans to raise RON5 billion at treasury tenders this month, from RON3.6 billion in January. (Romania Libera)
European Commission: Romania Has Too Many State-Owned Companies
Romania has more state-owned companies and government business enterprises than the European average, which generate 8% of the country’s production and 4% of the workforce; nevertheless, their profitability is “suboptimal“, according to European Commission.
Moreover, state companies generate 50% of the debts of Romanian companies to the state, representing 3.4% of the GDP, which also impacts the private sector, namely providers, banks, employees.
In state-owned companies, corporate governance is weak, while reforms, privatizations and restructuring are put off, European Commission notes. (Adevarul)
Romanian Privatization Authority Mulls Selling 35 Companies In 2015
Romanian privatization authority AAAS plans to sell 35 companies this year, after the privatization of nine companies a year before.
In 2014, AAAS closed nine buy-sell agreements, according to Agerpres. The authority’s portfolio includes 2,173 insolvent companies, out of which 174 were state-owned companies. Last year, 1,005 AAAS debtors were subject to the closing of the insolvency procedure, out of which 14 state-owned companies. (Puterea)
National Liberal Party Starts Negotiations For New Parliamentary Majority
National Liberal Party (PNL) boasts about its “negotiated majority” in the Senate, while Ludovic Orban, leader of PNL deputies, stated that the party is ready to “open its gates” for independent MPs.
Moreover, PNL will start negotiations with all the parties to launch a motion against Ponta Government.
Meanwhile, 6 MPs in PC-PLR parliamentary group announced they will join PNL, namely Nicolae Alexandri (PLR, former PNL member), Paul Dumbraveanu (PLR, former PNL member), Aurelian Mihai (independent, former PP-DD member), Dumitru Ovidiu Ioan (independent, former PP-DD member), Teodor Paleologu (independent, former PDL and PMP member), Dragos Gunia (independent, former PDL and PMP member). (Puterea)
Job Offers In Germany Show Need Of Specialized Personnel
Job offers in Germany show that the country lacks specialized personnel, especially in the medical, IT and hospitality sectors.
Thus, Romanians are lured by a well-paid job in Germany and often learn the language by themselves.
According to Camelia Mihalcea, representative of European Employment Services (EURES) in Romania, Germany is looking for qualified personnel, especially physicians and nurses. Nevertheless, Romania also faces a major deficit of labor force in the medical sector, Mihalcea told adevarul.ro. (Adevarul)