Leu Hits Three-Month High At 4.6397 Vs Euro
The Romanian leu appreciated against the euro on Thursday, as the central bank average reference rate stood at 4.6397 to the European currency, the highest level since February 5, 2018 when the leu touched 4.6347 versus the euro.Romania’s central bank on Monday raised its benchmark interest rate by 25 basis points to 2.5% a year from 2.25%, the bank said in a statement.
On Thursday, the three-month ROBOR index, used to calculate interests on loans in lei with variable interest, reached a new record high, at 2.75% a year, the highest level since October 2014, according to central bank data. (romanialibera.ro)
Pensioners To Receive Pensions Earlier As Of June The Romanian Government run by Prime Minister Viorica Dancila decided that pensions will be paid until the 15th of each month, effective June 2018. Dancila said pensioners carefully plan their pensions from one month to another, therefore, the government will not tolerate any delays in the payment of pensions. (cotidianul.ro) PM Dancila Determined Not To Resign Prime Minister Viorica Dancila on Thursday said she will not resign as long as she has the support of the ruling Social Democratic Party (PSD), its leader Liviu Dragnea and that of the ruling coalition made up of PSD and the Alliance of Liberals and Democrats (ALDE). President Klaus Iohannis has called on Dancila to resign twice so far. ”Under no circumstance will I resign, not as long as I have the support of the party’s leader, as long as I am backed by the ruling coalition and I have your support,” Dancila said at the meeting of the National Council of the Social Democratic Party’s Organization of Pensioners. (cotidianul.ro) Senate Chairman Tariceanu Salutes Supreme Court Ruling In Victor Ponta Case Senate Chairman Calin Popescu-Tariceanu saluted the ruling issued Thursday by the Supreme Court in the case of former prime minister Victor Ponta. The Supreme Court on Thursday acquitted Ponta and former minister Dan Sova in a case of money laundering, tax evasion and forgery in deeds by private signature.The judges’ decision is not definitive.
Prosecutors had requested prison sentences for Ponta and Sova arguing that Victor Ponta cashed in RON181,439.98 between October 2007 – December 2008 from Dan Sova’s private law firm without providing any service. They said Ponta did this although the two parties had allegedly closed a contract for legal counseling granted to state companies SC Complexul Energetic Rovinari SA and Complexul Energetic Turceni, the ones managing the Rovinari and Turceni thermal power plants.
Victor Ponta served as prime minister between May 7, 2012 and November 4, 2015 and Dan Sova was senator between December 19, 2008 and May 26, 2015 and held various seats in the cabinets of ministers led by Victor Ponta. (romanialibera.ro)