PM Mihai Tudose To Meet With Donald Tusk, Antonio Tajani And Jean-Claude Juncker

Prime Minister Mihai Tudose will meet on Tuesday, in Brussels, with the President of the European Council, Donald Tusk, the President of the European Parliament, Antonio Tajani and the President of the European Commission, Jean-Claude Juncker.

Tudose will also meet with the First Vice-President of the European Commission and the European Commissioner, Frans Timmermans, and the European Commissioner for Regional Policy, Corina Cretu.

Tudose will be accompanied by the Romanian Minister-delegate for European Affairs Victor Negrescu. (mediafax.ro)

Central Bank Minutes: Retailers Internalized Inflationary Pressures

The presence of large retailers helped ease inflationary pressures, while uncertainties over new fiscal and wage measures spur inflation on, the minute of the central bank’s monetary policy meeting of July 3 showed.

“Some board members referred to a disinflationary factor that had been recently mentioned by the European Central Bank and the Bank for International Settlements as well, namely the weakening of the transmission mechanism between industrial producer prices and consumer prices. This seemed to be brought about by the presence of global value chains, and of large retailers in particular, which internalized part of the rises in industrial producer prices, increases in labor costs included, no longer passing them on to the final price,” the minute read.

At the same time, board members remarked, however, a significant increase in the uncertainties about the short- and medium-term outlook for the fiscal and income policy stance, likely to generate enhanced uncertainties and two-way risks to the latest medium-term inflation forecast.

The multitude of uncertainties and the absence of insight on the concrete measures and the implementation calendar made it impossible as yet to assess the potential macroeconomic and structural effects, board members said.

The central bank board decided on July 3 to keep the benchmark interest rate at an all-time low of 1.75% a year. It also kept minimum required ratios on leu deposits and forex liabilities at 8%. (mediafax.ro)

Transport Minister Promises 800 Km Of Highway In 2017

Transport Minister Razvan Cuc on Wednesday said 800 kilometers of highway would be inaugurated in 2017 and that he submitted to Prime Minister Mihai Tudose „a list of careless constructors” and „challengers by profession”.

„We have unlocked so far infrastructure projects worth a total EUR14 billion. We are launching 800 km of highway with projects you already know very well, such as the Sibiu-Pitesti highway (the first and fifth sections), the south beltway of capital city Bucharest, the Targu Mures – Iasi – Ungheni section and Craiova-Pitesti”, said Cuc after the visit of Prime Minister Mihai Tudose at the Transport Ministry headquarters. (mediafax.ro)

Sanitary-Veterinary Inspectors Applied Fines In Seaside Resorts For Non-Compliant Food Storage

Sanitary-veterinary and food safety inspectors fined two food units on the seaside for failing to store food properly.

A total 23 food units in Navodari, Mamaia Nord, Mamaia Centru, Mamaia Sud, Eforie, Costinesti and Mangalia were checked upon last weekend and fines worth RON4,000 were applied.

President Iohannis Asks For Reexamination Of Dual Education Bill

President Klaus Iohannis asked the Parliament to reexamine the bill approving emergency decree 81/2016 on the organization and functioning of dual education.

Iohannis said, among others, that the bill reduces the autonomy level of schools in dual system.

A dual education system combines apprenticeships in a company and vocational education at a vocational school in one course. (mediafax.ro)

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