Marian Neacsu Reelected Leader Of Social Democrat MPs
Marian Neacsu was reelected to head the group of social democrat MPs in the Chamber of Deputies, party interim leader Liviu Dragnea said Monday.
Dragnea added the rest of the members in the Chamber’s standing office have been reconfirmed.
The ruling Social Democratic Party is represented in the standing office by Florin Iordache, Gabriel Vlase, Rodica Nassar, Marcel Ciolacu, Laurentiu Chirvasuta (on behalf of UNPR) and Mircea Draghici. (Romania Libera)
VAT Rate Cut Boosted Budget Revenue In July And August
Lower VAT on food items brought extra revenue to the state budget in July and August, according to the tax authority, but prime minister Victor Ponta expressed concern the drought and problems in agriculture will affect the country’s economic growth.
Although tax collection has increased following a cut in the VAT rate from 24% to 9%, Ponta said it is expected the country’s economic growth will slow down in the fourth quarter because of problems in the agriculture sector. (Adevarul)
Italy’s Eni Finds Giant Gas Field In Egyptian Offshore
Italian oil and gas group Eni has discovered a supergiant gas field in the deep waters of Egypt, which could hold reserves of up to 5.5 billion boe, the largest in the Mediterranean and among the largest in the world.
The discovery, after its full development, will be able to ensure satisfying Egypt’s natural gas demand for decades.
Eni’s CEO, Claudio Descalzi, has recently traveled to Cairo to discuss the new exploration success with the Egyptian institutional leaders
Eni is the main hydrocarbon producer in Egypt, with a daily equity production of 200,000 barrels of oil equivalent. (Puterea)
Farmers Union PRO AGRO Warns Of Drought Consequences On Farming Output
Romanian agriculture trade union PRO AGRO has warned about the repercussions this summer’s drought has on this year’s agricultural output and food security on the medium and long term.
The federation calls for investments in the country’s main and secondary irrigation infrastructure. (Curierul National)
Air Traffic Controllers Cancel Strike Planned For Sept 1
Romanian air traffic controllers have agreed to cancel plans for a full blown strike they had threatened as of September 1.
ROMATSA employees and the Transport Ministry reached an agreement Monday afternoon and air traffic controllers called of their strike plans that would have affected the 2,500 – 3,000 flights that transit the country every day. (Puterea)