Weather Forecast: Code Orange For Extreme Cold In Bucharest

Bucharest will enter on Monday under a Code Orange warning for extreme cold weather, the forecast for the night between Monday and Tuesday being of minus 20 to minus 18 degrees Celsius, said Gabriela Bancila, representative of the National Weather Administration (ANM).

“ANM will issue an update of the previous warning — Code Yellow for extreme cold weather this morning, and this implies the area of Bucharest entering a Code Orange warning for extreme cold weather from today. This Code Orange warning will be issued at 10:00. It implies for the Capital a temperature, today, of around minus 11 degrees, while tonight the maximum intensity of the negative temperatures of this cold streak will be felt and I’m referring here to a thermal minimum of around minus 20 to minus 18 degrees Celsius. (…) Tomorrow, the Code Orange warning for persistent extreme cold weather in the Capital will remain in force,” the ANM representative said on Monday at a meeting concerning winter-related measures, summoned by the Bucharest Mayor. (Adevarul)

ANM: Monday To Tuesday, Most Freezing Night Since Beginning Of Winter

Monday to Tuesday will be the most freezing night this winter, in Romania, with temperatures reaching even minus 30 degrees Celsius in depressions, while in Bucharest there will be minus 23 degrees Celsius, meteorologist Mihai Hustiu, of the National Weather Administration (ANM) said on Monday.

The National Weather Administration (ANM) issued on Monday a Code Orange for freezing cold, valid in 37 counties, the Municipality of Bucharest included, as well as a Code Yellow warning of extremely low temperatures in five counties, valid on the days of 9 and 10 January.

According to meteorologists, both Monday and Tuesday, the Code Orange will be in force in Oltenia, Muntenia, Dobrogea, Moldavia, Transylvania and Maramures, where the frost will intensify, with lows ranging between minus 29 and minus 15 degrees and highs between minus 15 and minus 10. (Evenimentul Zilei)

Financial Supervisory Authority VP Speaks About Capital Market Perspectives In 2017

The minority stakes in several state-owned companies will be listed on the Bucharest Stock Exchange in 2017, among which, those in Hidroelectrica, the National Airport Company and Constanta Maritime Ports Administration Company, said Mircea Ursache, vice-president of the Financial Supervisory Authority (ASF).

„The political class understood that today, any transfer of property from the state to the private sector can only be achieved through the capital market, which means more and more state-run companies will be listed. And, I am making, once again, the difference between listing a company and privatizing it. Listing is not, by far, privatization, it means the shareholder’s will, in this case, the will of the Romanian state,“ said Ursache.  

Ursache emphasized the need for additional capitalization of some state companies, despite their being profitable. (Adevarul)

Former Finance Minister: Romanian Had RON1.5 Bn Savings In Budget In 2016 Former Public Finance Minister Anca Dragu said 2016 saw approximately RON1.5 billion savings in the budget, taking into account that, according to the current estimates, the year ends with a 2.59% budget deficit, under the initial 2.8% of the GDP initial target.

Dragu denied the statements made by Social Democratic Party (PSD) leader Liviu Dragnea who recently said that budget revenues for 2016 are “RON10 or RON14 billion,” lower than those estimated “on paper” by the former leadership of the Finance Ministry.

Dragu added that Romania’s budget is monitored by the European Commission, which would have sent warnings in case there was the risk of exceeding the deficit target.

Referring to the estimations of the new Finance Minister concerning the economic growth over the next four years, of a 5.5% average per year, Dragu said the budget draft she sent to the new Government envisages a 4.3% economic growth in 2017. (Puterea)

President Iohannis Invites PM Grindeanu To Talks On State Budget

President Klaus Iohannis will meet on Wednesday with Prime Minister Sorin Grindeanu to discuss the Government’s plans in respect to the state budget.

“Romania’s President wants to find out straight from the Prime Minister what are the Government’s plans in respect to the budget for 2017. It is a necessary talk because there are many concerns about the sustainability of these measures and the effects they may have on the economy,” the president’s spokesperson Madalina Dobrovolschi told a press conference at the presidential Cotroceni Palace on Monday.

Dobrovolschi said Finance Minister Viorel Stefan would also attend the meeting.

Asked if there have been discussions with Central Bank representatives too, Dobrovolschi pointed out that she cannot confirm or invalidate such information.(Puterea)

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