Minister: Setup Of CE Oltenia – Huadian Joint Venture To Start In Six Weeks
Economy Minister Constantin Nita said Saturday that the procedures for setting up a joint venture between Romania’s energy holding Complexul Energetic Oltenia and China’s Huadian Corporation are due to start in about six weeks.
The business agreement between the two parties targets investments of around EUR1 billion in the construction of a new 600-MW thermoelectric plant in Rovinari, which will create around 400 new jobs.
The minister also said thermal power producer Rovinari, part of CE Oltenia, will get EUR30 million in 2014 to continue its modernization process aimed to cut costs. (Jurnalul National)
BNR To Leave Key Rate At 3.5% Tuesday – Poll
Romanian analysts estimate the central bank will leave its monetary policy rate unchanged at 3.5% at the upcoming meeting May 6, amid mounting tensions in Ukraine and higher inflationary pressures following the introduction of a new excise duty on fuels.
“The escalations in Ukraine and the higher inflation estimated for the second half of the year, as well as a possible weaker farm output, are the likely factors the central bank might consider at the meeting,” said Dorina Cobiscan, a member with the Association of Romanian Financial and Banking Analysts.
The Association expects the central bank will maintain its main lending rate unchanged until the end of 2014, and possibly even in 2015. (Adevarul)
President: I Will Vote For People’s Movement Party
Romanian President Traian Basescu stated Sunday, answering the question of a reporter, that he will vote for People’s Movement Party (PMP). The President was wearing a T-shirt with the logo of People’s Movement Party.
Asked whether he considers he breaks the Constitution by his statements, Basescu said that the Constitution does not ban him from voting, and that he has the right to wear anything he wants. Friday, Elena Udrea posted several photos on Facebook under the name “Traian Basescu with PMP youth and women”, taken on the beach. (Evenimentul Zilei)
Ministry Of National Defense Denies Reservists Mobilization, Youth Recruiting
The Ministry of National Defense (MApN) said in a press statement it categorically denies the existence of a process of reservists mobilization or youth recruiting. According to the ministry, the statement is related to the recent information in the media.
The ministry’s representatives said they only updated the form of the medical certificate issued by family physicians, to be submitted by young people at the local registration and enrolment commission, for undergoing medical examination. (Evenimentul Zilei)
Code Orange For Floods In 9 Romanian Counties
Hydrologists extended by Monday the code-orange warning for floods on the rivers in Timis, Caras-Severin, Mehedinti, Dolj, Gorj, Hunedoara, Olt, Arges and Prahova counties, while the rivers in another 14 counties will be placed under code-yellow.
Romanian weather and water management authorities updated the code-orange and code-yellow warnings previously issued for rivers in hydrographic basins of Bega, Timis, Barzava, Moravita, Caras, Nera, Cerna, Drincea, Desnatui, Jiu, several streams of Olt river, streams of Mures river, Vedea, Argeș, Ialomita, Buzau, where rivers might overflow, triggering local floods. (Adevarul)