Code Yellow Alert For Fog In Six Counties And Several National Roads
Meteorologists issued Tuesday morning a code yellow alert forecasting fog in several counties, which will reduce visibility, in some areas, to below 50 meters, including on several national roads.The alert issued for the counties of Alba, Brasov and Sibiu was also extended to low areas.
Weather authorities issued the same warning for fog in the counties of Covasna and Mures (the low area). The counties of Alba, Brasov and Sibiu are under code yellow alert for fog until 8 a.m. and the county of Cluj is targeted by the alert until 9:30 a.m. In these areas, visibility will be reduced to below 200 meters, locally, and below 50 meters in some areas. (Adevarul)
Romania’s Insurance Market Faces High Concentration Level Romania’s insurance market faces a high concentration level, according to the Financial Supervisory Authority (ASF), which says that in 2016, ten out of the 31 active insurance companies underwrote 87% of the total volume of gross premiums.On December 31, 2016, 31 insurance companies operated on the insurance market, of which 17 operated on the general insurance segment, seven on the life insurance segment and seven were engaged in composite operations.
The total volume of gross premiums underwritten on the general insurance segment, in 2016, reached RON7,717,501,992, up 11% than in the previous year. (Adevarul)
Labor Minister Tells IMF Romania Won’t Forgo Planned Pension Hikes Romanian Labor Minister Olguta Vasilescu firmly rejected the recommendation of the International Monetary Fund (IMF) to put off increasing the pension point.Vasilescu said Romania’s government never considered forgoing the governing measures it had undertaken.
„Romania’s Government will observe the governing program voted by Romanians and will increase the pension point to RON1,000 as of July 1, 2017 (…). The planned pension and wage hikes will cost RON16 billion, but Romania has budget revenue of RON17,5 billion. Romania will not accept pension and wage cuts, as it only explains to the European Commission and the IMF what is has and what it does,” said the labor minister. (Evenimentul Zilei)
Romgaz May Start Natural Gas Exploitation In Black Sea Perimeters In 2020 The commercial exploitation of natural gas in the Black Sea offshore perimeter conceded by the association between Romania’s largest natural gas producer Romgaz Medias, Russian group Lukoil and Panatlantic, could start in 2020, said Romgaz general manager Virgil Metea. The start of production will depend, however, on the completion of infrastructure works in order to transport natural gas from the Black Sea. Along with completing the transport infrastructure and starting production in the Black Sea, Romania cab become natural gas exporter.In October 2015, Romgaz announced that Lukoil had discovered, in the Romanian sector of the Black Sea, a natural gas field with reserves estimated at over 30 billion cubic meters of gas. (Romania Libera)
Daniel Constantin And Calin Tariceanu Talked To Liviu Dragnea
Daniel Constantin and Calin Popescu Tariceanu, co-presidents of the Alliance of Liberals and Democrats (ALDE), separately talked to the president of the Chamber of Deputies and social democrat head Liviu Dragnea.
However, they refused to tell the media the topics discussed during their meetings with Dragnea. (Romania Libera)