Romanian PM Denies Plans to Tax Bank Assets
Romanian Prime Minister Mihai Tudose denied plans to introduce a tax on bank assets, after an opposition senator said the government was planning to introduce a 0.5% tax on the assets of banks, financial companies and insurers.
“The Romanian government is not planning a tax on bank assets in the financial sector,” Tudose said in a statement to Bloomberg.
Liberal senator Florin Citu, member of the budget-finance committee in parliament, said Wednesday the government was planning a 0.5% tax on assets of banks, insurance companies and non-banking financial institutions.
“This government’s biggest problem is the lack of money in the state budget. It all starts with a smear campaign of the banking sector and the private pension system, laying the ground for a new tax,” said Citu.
Trains Running At Speed Of 160 Km/Hr On Simeria-Brasov-Bucharest-Constanta Route CFR SA and the FCC-Astaldi-Convensa association signed a contract for the modernization of the Gurasada-Simeria section, worth RON2.63 billion, whereby passenger trains will run at a speed of 160 km/hr.The FCC-Astaldi – Convensa association will carry out works for the modernization of infrastructure and railway superstructure on the Gurasada-Simeria section.
The contract is financed from non-reimbursable funds and from the state budget and it has a three-year execution term and a two-year guarantee period.
Modernization works aim to boost to 160 km/hr the speed of passenger trains and to 120 km/h the speed of freight trains. (mediafax.ro)
Eurostat: Romania’s Unemployment Rate Below EU Average In July 2017 Romania’s seasonally adjusted unemployment rate, of 5.2%, was below the European Union average, of 7.7%, in July 2017, Eurostat, the statistical office of the European Union, said in a report on Thursday.The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in July 2017, stable compared to June 2017 and down from 10.0% in July 2016. This is the lowest rate recorded in the euro area since February 2009.
The EU28 unemployment rate was 7.7% in July 2017, stable compared to June 2017 and down from 8.5% in July 2016. (mediafax.ro)