Romania Boasts Highest GDP Growth In The EU
Romania ranks first in the European Union in terms of economic growth, which reached 5.9% in the first quarter of 2017, the biggest in the EU, and 6.1% in the second quarter of 2017, according to a document issued by the government.
The International Monetary Fund has revised Romania’s economic growth forecast to 5.5% in 2017 and 4.4% in 2018, from a previous 4.2% and 3.4%, respectively. The IMF sees Romania’s GDP growth at 3.3% in 2022.
The IMF sees Romania’s current account deficit at 3.3% in 2017 and 2.9% in 2018.
Consumer prices are seen growing 1.1% this year and 3.3% in 2018. (puterea.ro)
Europa League: FCSB Defeats Hapoel Beer Sheva
FCSB on Thursday defeated Hapoel Beer Sheva, 2-1, in a match of the third stage of Europa League Group G.
Gnohere scored for FCSB, in the 70th and 75th minutes of the match. Gnohere had entered the field in the 69th minute.
Cuenca scored for Hapoel Beer Sheva, in the 87th minute of the match. (puterea.ro)
Finance Minister: Employers To Pay % Of Wage Pool To Government Account As Of 2018Employers will set aside 2% of their wage pools, starting January 1, 2018, with the bulk of money being poured into a governmental account, Finance Minister Ionut Misa said Thursday.
“2% does not mean the wage pool entirely. Part of this 2% will become governmental income in the national budget, which in turn will be used to cover healthcare and social security costs. There will be these two components. In fact, 90% of the amount will go into the national budget to cover various destinations depending on outlay requests, and 10% will go into supporting all employees facing special situations in case the employer goes into insolvency and does not pay their dues,” said Misa.
He added it has been decided that it is better for the employer to pay some of employees’ contributions and not transfer them entirely to the employee so that the employer no longer has any responsibility.(cotidianul.ro)
Chimcomplex, Dynamic Selling Group, White Tiger Wealth Management Buy Bundles Of Oltchim Assets
Companies Chimcomplex Borzesti, Dynamic Selling Group, both from Romania, and Anglo-American investment fund White Tiger Wealth Management Ltd., have bought bundles of assets of Romania’s state-owned chemical plant Oltchim, according to a press statement sent to the Bucharest Stock Exchange on Thursday.
This week, Oltchim will conclude three sales contracts with Chimcomplex S.A. Borzesti, for five whole assets bundles and partly one (assets bundles no. 1-5 and partly 7), with Dynamic Selling Group S.R.L for one assets bundle (assets bundle no. 6) and with White Tiger Wealth Management Ltd for six whole assets bundles and partly one (assets bundles no. 1, 3-5, 7, 8 and partly 9).
At the end of 2016, the company set off the sale process of nine assets bundles within the reorganization stage of the insolvency proceedings. Nine tenderers submitted binding bids in the sale process. The sale process is expected to be completed in the first half of 2018.