Law Allowing Health Ministry To Grant Monthly Financial Incentives Is Constitutional
Romania’s Constitutional Court on Tuesday rejected the government’s notification regarding the unconstitutionality of some provisions of the law allowing the Health Ministry to grant monthly financial incentives.
“After deliberation, with unanimity of votes, the Court rejected the objection of unconstitutionality and ascertained that the provisions of article I of the law amending and completing Law no.95/2006 regarding the reform in the healthcare sector are constitutional with respect to related criticism. The decision is final and generally mandatory and is communicated to the President of Romania,” the Court said in a statement.
It also said its motivation would be presented within the decisions to be published in Romania’s Official Journal. (Romania Libera)
ASF Head Misu Negritoiu Has No Intention To Withdraw
Misu Negritoiu, president of Romania’s Financial Supervisory Authority (ASF), said he did not plan to withdraw although he was asked to do it.
Negritoiu pointed out he boasts a long career in the field of financial services. He said he received two propositions, one from ING, which he could not accept, and one from ASF, which he accepted as a challenge.
Negritoiu added he joined the phenomenon of reconstructing the insurance sector and all plans and measures in this respect are close to being completed. (Romania Libera)
Romania’s Wind Power Industry Posted Net Loss Of RON4B In 2014 And 2015
The net loss of Romania’s wind power industry increased by RON1.9 billion in 2015, to nearly RON4 billion (approximately EUR900 million), cumulated for the years 2014 and 2015, due to a lack of legislative changes meant to support investors.
The renewable energy sector is facing a financial gridlock, according to data included in a study conducted by consulting firm E&Y. The years 2014 and 2015 saw a depreciation of RON4.1 billion in investors’ assets. Also, it will take 30 years to reimburse the loans contracted for the construction of wind farms, considering that a wind farm’s lifespan reaches 20 years.
„Investors are trapped on a carousel: they kept amassing huge loss in 2015, their assets keep depreciating and they are no longer able to pay back the loans they contracted. Data included in a study of E&Y clearly show this situation,” said Claudia Brandus, president of the Romanian Wind Energy Association, or RWEA. (Puterea)
Lower House Fails To Cast Final Vote On CHF Loan Conversion Bill On Lack Of Quorum
The Chamber of Deputies on Tuesday failed to cast its final vote on the bill regarding the conversion of loans in Swiss francs into Romanian leu at the exchange rate valid on the day of granting the loan due to the lack of quorum.
Although on Monday the committees for legal matters and budget-finance approved the amendments to the law and drew up the final report for the vote in in the plenum of the Chamber of Deputies, all plans were turned upside down due to political bickering on Tuesday.
The Chamber of Deputies is decider on the matter. (Adevarul)
Simple Motion Against Justice Minister Raluca Pruna Postponed
The Chamber of Deputies suspended the meeting in which it was supposed to vote on the simple motion filed by social democrats against Justice Minister Raluca Pruna, due to the lack of quorum.
The voting on the motion was postponed.
Social democrat head Liviu Dragnea did not miss the opportunity to accuse the Liberal Party that by boycotting the vote on the simple motion against the justice minister, they contributed to suspending the meeting and, consequently, the final vote on the important bills such as that regarding the conversion of loans in Swiss francs into Romanian leu or declaring the first of June as non-working day. (Puterea)