Natural Gas Stock At 2,242 Mln Cubic Meters At End Of 2017 Injection Cycle
The natural gas stock reached 2,242 million cubic meters at the end of 2017 injection cycle and the gas supply to protected consumers is ensured this winter, according to the plan of preventive actions regarding the measures guaranteeing the security of natural gas supply.
Romania currently covers 90% of the natural gas consumption from the local output.
The natural gas demand on the Romanian energy market is marked by seasonal fluctuations of nearly 60%, daily fluctuations of up to 25% and hour fluctuations that can reach 30%. (jurnalul.ro)
Code Orange Alert For Heavy Snowfall And Blizzard
Meteorologists issued a code orange warning for heavy snowfall and strong wind, which is valid until Tuesday, 4 p.m..
According to meteorologists, the mountainous area of the counties of Brasov, Covasna, Vrancea, Buzau, Prahova, Dambovita and Arges will see heavy snowfall and the wind gusts will temporarily reach 55-70 km/hour, triggering lower visibility.
Also, a yellow code alert for heavy snowfall and strong is in place until 6 p.m.. The alert targets the Transylvanian Alps and the Eastern Carpathians which will see heavy snowfall and strong wind with gusts reaching 55-70 km/hour temporarily. (jurnalul.ro)
Over 670,000 Romanians Have Overdue Debts To Banks And NBFIs
More than 670,000 Romanians have overdue debts to banks and non-banking financial institutions (NBFIs) and their number is rising month on month. The total value of overdue loans reaches nearly RON6 billion, according to a KeysFin study.
The growing number of debtors is due to the appreciation of the European currency and to an increase in consumption expenditure, which kept Romanians from paying their instalments in due time and therefore, face foreclosure procedures, the study also shows.
According to central bank data, the total value of bad loans in Romanian lei registered by households and companies reached RON5.77 billion in August 2017, up 0.51% compared with the level reported in July 2017. Bad loans in foreign currency rose 7.4% to RON7.08 billion. Most loans are more than 90 days overdue (RON4.32 billion). (cotidianul.ro)
Government Debates 2018 State Budget Next Week
Romania’s government will debate the 2018 draft state budget next week, Prime Minster Mihai Tudose said Monday.
Coalition leader Liviu Dragnea has said previously the budget would be sent to Parliament this week. (puterea.ro)