Liberal Party To Change By-Laws
Liberal party first vice-president Ludovic Orban said Monday the party will change its by-laws to apply sanctions to members under criminal investigation.
”Once a member is indicted, they will be suspended by default from all political and leading positions in the party. If convicted by a first court, their membership will be suspended and terminated in the event of a definitive court ruling,” said Orban. (Puterea)
Deutsche Bahn Not Interested In CFR Marfa
Deutsche Bahn is not interested in participating in CFR Marfa’s privatization, as it seeks organic growth not acquisitions, the German transport giant’s executive manager Rüdiger Grube said Monday in Bucharest.
Prime Minister Victor Ponta said after the most recent IMF delegation visit the Transport Ministry would resume privatization procedures for railway freight transport company CFR Marfa.
Grube said potential acquisitions depend on market opportunities and Deutsche Bahn is well positioned in Romania and doesn’t require any takeovers at this point. (Adevarul)
BCE Starts Buying Bonds Under QE Plan
The European Central Bank and national central banks started buying sovereign debt on Monday under the 19-month plan to inject EUR1.1 trillion into the economy, DPA, Bloomberg and Reuters reported.
ECB president Mario Draghi announced monthly bond purchasing of eurozone countries and corporate bonds of up to EUR60 billion until September 2016.
The program will allow companies to get loans and invest and the eurozone GDP is estimated to grow by 1.9% in 2016 and by 2.1% in 2017. (Puterea)
Delegation Of British Companies In Bucharest Tuesday And Wednesday
A delegation of more than 50 British companies is in Bucharest Tuesday and Wednesday to encourage commercial trade with Romania.
The visit is part of a wider effort that aims to double the value of commercial transactions between the UK and Central and Eastern Europe to GBP30 billion by 2020.
For two days, UK company reps will test local business opportunities ins sectors such as public transportation, water resource management, environment, nuclear energy, oil and natural gas. (Evenimentul Zilei)
Health Minister Says Medication Prices To Drop 20% After Easter
Health Minister Nicolae Banicioiu announced drugs prices will drop 20% after Easter and producers who don’t align their prices risk losing their trading rights.
Pharmaceutical producers must update their prices so they are not higher than in 12 other countries. The initial deadline expired Tuesday but was extended ten more days.
Romanian authorities admitted recently the state pays as many as seven times more than other EU states for certain free or reimbursed medicines. (Adevarul)
Primary School Kids Get Financial Education Electives
Primary school children have elective financial education courses in school, to help them understand how money and the economy work.
The programs are implemented in schools for free by the Junior Achievement (JA) Romania organization. (Puterea)