Romania 3-Month Money Market Rate Climbs To 3.13%
The 3-month money market interest rate used to calculate interests for consumer loans in lei advanced to 3.13% a year on Monday, from 3.09% on Friday, the highest level since May 7, 2014, central bank data show.
The six-month ROBOR money market rate, which is used to calculate interests on leu-denominated mortgage loans, grew to 3.02% from 3.16% previously.
The nine-month ROBOR interbank rate, which is used to calculate interests on loans in lei attracted by commercial banks from other commercial banks for a nine-month period, grew to 3.24% from 3.20%.
The twelve-month ROBOR index advanced to 3.28% from 3.27%. (puterea.ro)
BMW Likely To Leave UK Amid Brexit Fears
Nine months before its scheduled exit from the European Union, the UK government still fails to provide clarity on post-Brexit trading arrangements. Prominent EU companies are unclear about their future in the UK, raising fears of a massive withdrawal of investors from the country.
German car giant BMW has shared Airbus’s recent concerns over its post-Brexit operations in Britain. BMW, which employs around 8,000 people in Britain, has threatened to start making “contingency plans” if the company doesn’t get details by the end of summer.
Similar concerns were voiced earlier this week by Germany’s BDI industry group and Siemens. (evz.ro)
Constitutional Court Rules On Changes Retirement Age
Women can continue to work until the age of 65, the standard retirement age for men, otherwise, this would translate into discrimination on sex criteria, according to a ruling by Romania’s Constitutional Court.
The court unanimously rejected as ungrounded the exception of unconstitutionality of the law regarding the unitary public pension system, deeming the legislative solution which provides a different retirement age for women in relation to men as constitutional.
The ruling is definitive and generally mandatory and is to be announced to Parliament, the government and the Bucharest Court – the 8th section tasked with labor conflicts and social security, which had notified the Constitutional Court on the matter. (puterea.ro)
Iran Tie Portugal 1-1 In Final Group Match
Portugal qualified for the last 16 at the World Cup despite being held 1-1 by Iran in World Cup Group B on Monday after Cristiano Ronaldo missed a penalty.
The European champions, needing a draw to qualify, went ahead with a stunning Ricardo Quaresma goal in the 45th minute.
Ronaldo had a chance to extend the lead when he won a penalty in the 51st minute but Irangoalkeeper Alireza Beiranvand dived to his left to save his effort from the spot.
Karim Ansarifard equalized with a stoppage time penalty awarded after a video review. However, Portugal clung on to finish second in the group with five points behind Spain, who drew 2-2 with Morocco, on goals scored, and will meet Uruguay in the last 16. (romanialibera.ro)