ECONOMY INVESTMENTS

Gov’t sitting. PM Dancila: 2019 will be the year of investments for Romania’s development

Economic growth has also put more money in the Romanians’ pockets, Premier Viorica Dancila said at the beginning of the government meeting, arguing that according to the official data, the net nominal average wage in February was by 17.9 percent higher compared to the same period last year.

“Economic growth can also be seen in the Romanians’ pockets. Official data shows that in February this year the average net nominal wage was 17.9 percent higher compared to the same period last year, reaching 2.933 lei. These figures prove the effectiveness of the measures taken by the PSD-ALDE government to increase the population’s incomes and stimulate the business environment. This shows us that we are on the right track and that we must continue to implement the governing program,” said the PM.

The head of the government added that 2019 will be the year of investments for Romania’s development, and transport infrastructure is a key area in this regard.

“We are making strides in key projects we have also discussed with representatives of the business milieu, with investments in the Craiova and Pitesti areas,” Dancila said.

 

PM Dancila: INS data show positive revision of quarterly economic growth and GDP in 2018

 

The most recent data released by the National Institute of Statistics (INS) show a positive revision of the quarterly economic growth and the Gross Domestic Product (GDP) in 2018, with the GDP increasing last year by 10.2 percent against 2017, Prime Minister Viorica Dancila stated.

“The most recent data released by the National Institute of Statistics show a positive revision of the quarterly economic growth and the Gross Domestic Product in 2018, compared to the first estimate. Thus, in quarter IV of last year, compared to the previous quarter, the real increase of the Gross Domestic Product stood at 0.9 percent, compared to 0.7 the first estimate. Moreover, the National Institute of Statistics revised also the value of the Gross Domestic Product for 2018, which increased by 10.2 percent compared to 2017. Last year, we added 87.5 billion lei to the Gross Domestic Product compared to 52.5 billion in 2016. The real increase of the Gross Domestic Product maintains at 4.1 percent. This positive revision also improved the estimations on total investments. The investments in economy reached last year a value of over 200 billion lei compared to 175 billion lei in 2017,” the Prime Minister stated on Wednesday in the opening of the Government sitting.

 

Gov’t aproves  expropriation procedures for 2nd section of southern Craiova-Pitesti expressway

 

The Government will adopt the start of expropriation procedures for the second section of the Craiova-Pitesti expressway on Wednesday, according to Prime Minister Viorica Dancila.

“We are moving fast with key projects that we have also discussed with business representatives investing in the areas of Craiova and Pitesti. At today’s meeting, we approve three pieces of legislation necessary to start some much awaited by the citizens works and for which we have the necessary appropriations in the budget. Thus, under a government decision, we adopt the expropriation procedures for the 2nd section of the Craiova-Pitesti expressway, after last week we did the same thing for the first section of the expressway. This time it is about establishing the location and amounts needed for expropriations on the second 40-kilometer section,” Dancila said on Wednesday in the beginning of a government meeting.

She added that another piece of legislation to be adopted at the government meeting refers to the south Craiova ring road, for which the technical and economic indicators will be reapproved in order to be able to unlock the stagnating procedures from 2014.

“We are appropriating about 200 million lei to carry out the work on this important objective included in the Master Plan of General Transport,” Dancila said.

She specified that a third bill concerns the modernisation of two sections of the DN 29D Botosani- Stefanesti national road that amount to about 42 kilometers.

“By investing about 261 million lei, we will remove the areas with active risk of slipping along the route and, at the same time, we will upgrade this road that connects to the border crossing point with the Republic of Moldova at Stanca-Costesti,” said Dancila.

 

Grants worth up to 4,000 euro for young people with great results. Dancila: We encourage performance

 

Students and high school pupils with great results will be able to get grants worth up to 4,000 euro per year, according to a measure meant to encourage performance, which is to be adopted on Wednesday by the Government, said Prime Minister Viorica Dancila.

“Research and innovation are essential in ensuring sustainable and competitive economic growth, and supporting young researchers is a priority of the Romanian Government. Today, we will modify the grants programme for high school graduates with great results, winners of the national and international Olympiads, so that we can make it more attractive and easier to access,” said Dancila.

She added that, through individual grants of up to 4.000 euro, which will be granted for the entire period of university studies, including master and PhD studies, “we offer the youngsters with great results the possibility of continuing their research activities in upper education institutions accredited in Romania,” including after completing the studies.

“There is another modality by which we encourage performance and we keep the young people with great results in the country,” said the PM.

Dancila also announced the opening of the 7th edition of the governmental internship programme, to offer 200 interns spots.

“We have increased the monthly scholarship for the interns, from 1,000 up to 2,000 lei, gross amount,” said Dancila.

 

Gov’t approves Memorandum on joint Serbia-Romania-Bulgaria-Greece candidacy for organising Euro 2028, World Cup 2030

 

The Government on Wednesday approved the signing of a Memorandum of Understanding for the submission of a joint candidacy of Serbia, Romania, Bulgaria and Greece for the organisation of the European and World Championships of 2028 and 2030 respectively, said the spokesperson for the Government, Nelu Barbu.

According to him, the Memorandum of Understanding refers to the “setting up of the Initial Organising Committee for the submission of a joint candidacy for UEFA Euro 2028 and FIFA 2030 World Cup.”

Barbu explained that the topic was approached for the first time at the quadrilateral meeting in December.

Subsequently, he underscored, the ministers of Youth and Sports from the four states met in February this year and they discussed about the collaboration “so that together the four states should come up with a plan for the submission of the joint candidacy for the organisation of these important international sports competitions.”

“This memorandum creates the legal grounds to facilitate collaboration among the four states,” said Barbu.

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