Romania’s Energy Department To Get RON692.3M From Privatizations
Romania’s Energy Department estimates it will get 692.3 million lei (EUR153.8 million) from privatizations in energy sector this year.
Government approved Wednesday the Energy Department’s revenue and expenditure budget for privatization activities in 2014, which was published in the Official Gazette Friday.
According to the document, Energy Department will spend RON75.3 million for “privatization management expenses”. (Puterea)
Romania January-April Current Account Gap Widens To EUR298M
Romania’s current account deficit widened to EUR298 million in the first four months of 2014, from a gap of EUR241 million a year earlier, largely due to higher income deficit, central bank data showed.
The income deficit widened to EUR1.98 billion in the first four months, from EUR1.1 billion in the same period of 2013. The trade balance posted a deficit of EUR980 million, slightly wider on the year, but the current transfers surplus rose EUR498 million to EUR1.98 billion.
Foreign direct investments increased 8.7% on the year to EUR785 million, the data showed. (Curierul National)
Budget Minister Liviu Voinea To Leave Government For A BNR Position
Minister delegate for Budget Liviu Voinea will leave the government for a position at the National Bank of Romania (BNR).
Prime Minister Victor Ponta denied the information Sunday evening, saying it is an “invention”; nevertheless, Voinea confirmed he would leave the government for a position of BNR vice-governor, adding that he did not leave the government and that the chance might occur in October. (Gandul)
Remittance Flows To Romania Total EUR4.23B In 2013
Last year, Romania received total remittances of EUR4.23 billion, down from EUR4.55 billion in 2012, but exceeding the total value of foreign direct investments.
Foreign direct investment in Romania rose 26.7% on the year to EUR2.72 billion in 2013, its highest level in four years, after in 2012 it registered the first increase since the beginning of the financial crisis. (Romania Libera)
UNPR President Gabriel Oprea Supports Victor Ponta’s Candidacy For President
Attending a party reunion, the president of the National Union for the Progress of Romania (UNPR), Gabriel Oprea, expressed his support for the candidacy of Prime Minister Victor Ponta for President.
Oprea stated that his party continues the campaign of gathering 1,000,000 signatures to support Ponta’s candidacy, according to a UNPR press statement. (Evenimentul Zilei)