Romania Inflation Rate Stable At 1.4% In October
Romanian consumer prices inched up 0.2% in October from a month earlier, on higher food prices, but the annual inflation slid to 1.44%, the country’s statistics institute INS said Tuesday.
In the 12 months ended September 30, the annual rate was at 1.54%.
Food prices rose 0.6% on the month in October, and services prices were 0.2% more expensive, but prices of non-food items were down 0.1% compared with September, the data showed.
Romanians paid by 5.3% more for vegetables in October compared with a month earlier, while egg prices increased 7.5%. In the non-food sector, prices of fuels were down 1.1% on the month, while natural gas was by 0.5% more expensive. (Evenimentul Zilei)
EU Directive To Simplify, Cut Costs Of Banking Operations
A directive of the European Union that will come into force in September 2016 stipulates several measures aimed at cutting the costs and simplifying banking operations.
The measures include: low banking commissions or zero commissions, based on the preference of the member state, the simplification of procedures to change the payment account and the possibility to compare online the costs for payment accounts.
Competition Council head Bogdan Chiritoiu stated he wants to get the government’s approval for directive 92/2014 to be applied in the Romanian legislation as soon as possible. (Romania Libera)
Romania’s Construction Output Rises In September – INS
Romania’s construction output rose in September compared with the previous month, but it still is lower than last year, official data showed Tuesday.
The adjusted value of constructions works was up 7.8% compared with August, according to data released by the statistics institute INS. In unadjusted data, Romanian construction works went up 22.3% on the month in September, and were up 3.5% compared with the same period of 2013.
In the first nine months, the adjusted construction output decreased by 11.7% compared with the year-earlier period, while the drop in unadjusted data was 10.8%. (Adevarul)
EPP President To Support Presidential Candidate Klaus Iohannis
The president of the European People’s Party (EPP), Joseph Daul, stated Tuesday that he traveled to Bucharest to support presidential candidate Klaus Iohannis, by meetings with the parties affiliated to the group, as the “center-right family should be united to win the elections“.
Daul added that Klaus Iohannis will definitely comply with EPP values, namely rule of law, justice, fight against corruption, which he has never given up so far, while Victor Ponta will not, as he already questioned the respect of institutions as Prime Minister. (Puterea)
Commission For Romanians Abroad To Meet Melescanu, Stanoevici Wednesday
The initiative of the members of the Commission for Romanians abroad to invite Teodor Melescanu and Bogdan Stanoevici for talks is breaking the Chamber of Deputies regulations, according to a press release of the Chamber.
The members of the Commission for Romanians abroad on Wednesday will meet Minister of Foreign Affairs Teodor Melescanu and Minister Delegate for Romanians Abroad Bogdan Stanoevici, to have talks related to the voting process of Romanians abroad in the second round of presidential elections, Mediafax reports. (Romania Libera)