Basescu Says Right-Winged Parties Need Single Presidential Candidate
President Traian Basescu said right-winged parties need to set criteria to back the same presidential candidate this year.
The importance of each party in talks on the future presidential candidate will be determined by scores in the elections for the European Parliament, to take place on May 25.
Basescu said a right-wing presidential candidate should be announced publicly in July. (Evenimentul Zilei)
Gabriel Resources May Seek Billions In Arbitration Over Stalled Romanian Mine
Gabriel Resources is preparing an international arbitration case against the Romanian government that would seek billions of dollars in damages, according to Canadian paper The Globe and Mail.
The company is making plans for the case, which probably would be heard in Vienna in the second half of the year, as it starts to wind down its activities in Romania’s Transylvania region to conserve cash.
About 400 employees, or 80%, of Gabriel’s Romanian subsidiary, Rosia Montana Gold Corp. (RMGC), have been suspended at three-quarters pay. The company has said it may fire them in May “if there is no progress in the advancement of the project”. (Puterea)
Tax Anti-Fraud Department Found EUR99M Damages In Four Months
In just four months of activity, Romania’s General Department Against Tax Fraud has found irregularities amounting to EUR99.1 million defrauded from the state budget.
Tax fraud inspectors checked 12,690 companies and found 11,808 breaches of tax laws. (Evenimentul Zilei)
Over 80% Of Banks Expects Increase In Lending
Over 80% of banks expect an increase in lending activities in the following period, both to individuals and companies, according to a survey by the Romanian Banking Association and EY.
On the other hand, over 85% of banks consider current insolvency legislation discourages lending.
Lending policies are expected to be somewhat more relaxed in industry, IT, agriculture, telecom, healthcare and the SME segment. (Adevarul)
Romania To Reintroduce Obligatory Military Service For Men Aged 20-35 In Case Of War
The Romanian state is preparing for war, on the backdrop of increasing tensions in neighboring Ukraine.
A template of a medical certificate all young men must have upon drafting in case of war has been published in the country’s Official Gazette.
The law states all apt men aged 20 to 35 must serve the military in case of military mobilization or war. (Curierul National)