ROBOR Indices Keep Rising
The 3-month money market interest rate used to calculate interests for consumer loans in lei grew to 3.14% a year on Tuesday, from 3.13% on Monday, 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, rose to 3.24% from 3.20% 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, climbed to 3.26% from 3.24%.
The twelve-month ROBOR index advanced to 3.30% from 3.28%. (evz.ro)
Minimum Investment For State Aid Could Fall To EUR3M
The Finance Ministry proposed cutting to EUR3 million, from EUR10 million, the minimum investment threshold needed for a company to benefit from state aid, in order to allow small companies, and mainly Romanian firms, to receive aid for business development.
Finance Minister Eugen Teodorovici said Tuesday that a draft decision regarding state aid schemes will be on the agenda of Government’s Thursday meeting.
According to the minister, companies willing to invest in projects to be carried out in less developed regions will benefit from a state aid scheme through a program which will have a budget of RON683 million in 2018. (romanialibera.ro)
Heavy Rain Expected In Bucharest Wednesday
Meteorologists said heavy rain is expected in Bucharest Wednesday.
Precipitation is expected to reach, in general, 20-30 liters per square meter and, in some areas, to exceed 35-40 liters per sqm.
Rain will be accompanied by electric discharges and wind gusts. Minimum temperatures will reach 15 – 16 degrees and maximum temperatures will reach around 21 degrees Celsius. (puterea.ro)
Argentina Beats Nigeria 2-1 And Qualifies For World Cup Last 16
Argentina squeezed into the World Cup last 16 after Marcos Rojo’s fine late volley gave them a 2-1 win over Nigeria in St Petersburg.
With Nigeria heading through in Group D with four minutes remaining, the Manchester United defender popped up to convert Mercado’s cross and send Jorge Sampaoli’s side through in dramatic fashion.
Needing a win to stand a chance of qualifying, Argentina went ahead through Messi (14), turning home from 10 yards at a slight angle after Ever Banega superbly found him from deep.
Messi then hit the post with a free-kick, but Nigeria were allowed a path into the game as Victor Moses slotted home a penalty (51) following Javier Mascherano’s tug on Leon Balogun’s shirt from a corner. (romanialibera.ro)