Finance Minister To Banks: „You Are Not Real Partners For Business Environment”
Finance Minister Eugen Teodorovici criticized the banks which say they are partners of the business environment, arguing they will be “real partners” when they will actually loosen their financing terms and conditions on the market.”
Teodorovici also said banks are only financers which place their money highly advantageously for them.
”I keep hearing that banks are partners of the business environment … No. Banks will be partners when they will actually loosen their financing terms and conditions on the market. That’s when they will really become partners. Meantime, they are only financers placing the available finances as advantageously as possible. (puterea.ro)
Romania Seeks To Raise RON4B Selling Bonds To General Population At 4.5% Yield
Romania’s government will launch a five-year bond issue for the general population later this week, with a yield of over 4.5% a year, finance minister Eugen Teodorovici said Monday.
He said the government seeks to raise RON4 billion.
Daimler To Recall And Refit 238,000 Vehicles Over Software Concerns
Germany has ordered Mercedes-Benz parent Daimler to recall 238,000 vehicles and fit them with new software because of concerns they contain illegal software to trick emissions tests.
Since Volkswagen was caught by US regulators in late 2015 using “defeat device” software that bypasses laboratory emissions tests, many other carmakers have come under suspicion for using similar methods to game tests, though none have plead guilty or been fined heavily.
Daimler confirmed the recall after its chief executive, Dieter Zetsche, who had denied using any cheat software, met with Transport minister Andreas Scheuer on Monday.
Elżbieta Bieńkowska, Europe’s Industry Commissioner, tweeted that all 28 EU member states should issue mandatory recalls, which would bring the total to 774,000 vehicles. “Diesel scandal still not over,” she added. “It is really time to make rapid progress on zero emission cars.”
The vehicles involved include Mercedes GLC 220d and C220d cars and Daimler Vito vans.
In Romania, Daimler has two production units, in Cugir and Sebes.
Ponta Says His Party Won’t Uphold Liberals’ No-Confidence Motion Against PM Dancila
Victor Ponta told liberal head Ludovic Orban that his Pro Romania party will not vote in favour of Liberal Party’s no-confidence motion against Prime Minister Viorica Dancila, adding the motion has no chance to pass.
The Liberal Party will file a no-confidence motion against Dancila around the date of June 20, party leader Ludovic Orban announced on Monday. The motion will be titled “Stop the puppet Government”, while the liberals will try to amass support from other political parties based on a first draft of the motion’s text, announced the liberal leader on Monday.
“Based on the draft we will discuss with all of the partners who will support the motion of no-confidence. We are open to additions to the text with new arguments and subjects to act as a base for the motion of no confidence. We have also have agreed the approximate date of June 20 as a timeframe for filing the motion”, said Orban.
The opposition party’s leader did not mention any political parties with which the liberals are negotiating support for the motion but slammed the ruling PSD-ALDE coalition as a crime organization controlled by social democrat leader Liviu Dragnea. (puterea.ro)