Weather Forecast: Light Snow Falling Across Romania This Weekend
A light covering of snow will fall in most areas in Romania and temperatures will be low, mainly during the night when they will be nearing minus 20 degrees Celsius.
Snow will also fall in the mountains and glazed frost will also appear in some areas. Minimum temperatures will be mostly positive.
On Saturday, freezing temperatures are expected in most parts of the country and frost will extend during the night. The weather will be warmer in some areas on Sunday and Monday. (puterea.ro)
Keysfin Barometer: One In Two Managers Expects Romania’s Economy To Grow 4.5% In 2018
Businesspeople are moderately optimistic and concerned about the real evolution of the Romanian economy in 2018, deeming the inflation, the depreciation of the leu and fiscal uncertainties as the main challenges, according to a Keysfin barometer of opinion which polled over 150 businesspeople.
They believe Romania’s economy will keep growing in 2018, but its advance will moderate significantly compared with last year’s. Thus, 54% of respondents estimated a GDP growth of 4% to 4.5%, 23% mentioned an economic growth of over 5%, while 7% of them think the GDP will grow by less than 4%.
Compared with the previous edition of the barometer of opinion, KeysFin experts noticed increased uncertainty regarding the economic perspectives and a decrease in businesspeople’s optimism.
Uncertainties regarding the Tax Code are among top risks for the economy, being mentioned by over 76% of respondents.
Inflation (65%), the evolution of the leu (53%), the crisis on the labor market (51%) and loans becoming more expensive (38%) were also mentioned as the main risks for the economy. The barometer also shows the positive economic evolution in the first half of the year could be fuelled mainly by consumption. Thus, 72% of businesspeople mentioned trade as the best performing sector.
“Wage and pension raises will significantly impact this segment, but not at the same extent as in 2017, considering the price hikes estimated by producers and merchants on the backdrop of a depreciation of the Romanian leu”, according to KeysFin analysts.
In the barometer of June 2017, over 69% of investors expected the leu to exceed the threshold of 4.6 units per euro, which actually happened, whereas now, over 75% of them expect the leu to depreciate to 4.7 units against the euro, starting with the spring of 2018. (cotidianul.ro)
Start Up Nation Program Gets EUR93.7M Financing
The Start Up Nation program will get EUR93.7 million after the Managing Authority for the Human Capital Operational Program, within the Ministry of Regional Development, Public Administration and European Funds, signed three funding contracts.
The ministry estimates that, upon the completion of activities, at least 2,100 micro-enterprises and small and medium-sized enterprises (SMEs) will get aid, being created and kept at least 4,200 jobs.
The activities funded, which are carried out by the Ministry for Business Environment, Commerce and Entrepreneurship (MMACA), consist in selecting the business plans submitted by entrepreneurs, underpinning the implementation of business plans and monitoring them during the period of sustainability. (romanialibera.ro)
PM Tudose Refuses Any Dialog On Hungarians’ Autonomy
Mihai Tudose said that, as a Romanian and prime minister, he refuses any dialog regarding the autonomy of a certain region in Romania.
The three Hungarian political parties in Romania, namely UDMR, PPMT and PCM, recently signed a joint statement, in Cluj-Napoca, regarding the alignment of autonomy concepts.
PPMT head Szilagyi Zsolt said the statement will establish some common principles.
The document was signed by the leaders of the three political parties, namely, by Kelemen Hunor (UDMR), Szilagyi Zsolt (PPMT) and Biro Zsolt (PCM). (puterea.ro)