According to the European Commission press release, the European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next year.
Continuă lectura „Spring 2019 Economic Forecast”
Procedure for the transferring of the budgetary receivables owed by debtors in insolvency proceedings
Continuă lectura „Newsletter April 2019”
The Capital Markets Union project has been at the heart of this Commission’s ambition to boost growth in Europe, invest in innovation and promote the EU’s global competitiveness. With now 11 out of 13 proposals agreed, the CMU will become a true driver of investment in the Single Market, providing additional sources of financing to EU companies and opportunities for citizens to save for their future according to the press release of the European Commission.
Continuă lectura „Key measures to boost jobs and growth”
According to the National Bank of Romania press release of 12th of April, in January – February 2019, the balance-of-payments current account posted a deficit of EUR 568 million, compared with EUR 425 million in January – February 2018. The deficit on trade in goods widened by EUR 671 million, the surplus on services income increased by EUR 122 million, the primary income balance recorded a surplus of EUR 94 million compared to a deficit of EUR 117 million, and the surplus of the secondary income balance increased by EUR 195 million.
Continuă lectura „Balance of payments and external debt”
The EU will soon have more effective tools to tackle unfair trading practices (UTPs) in the agri-food chain, and to prevent the weaker bargaining position of small and medium-sized farmers from being exploited by larger operators, such as major processors and retailers according to the press release of Council of the EU.
Continuă lectura „Trading practices in the agricultural and food supply chain”
As shown in the press release following the meeting of 2 April 2019 of the National Bank of Romania Board, the following was decided: to keep the monetary policy rate at 2.50 percent per annum; to leave unchanged the deposit facility rate at 1.50 percent per annum and the lending facility rate at 3.50 percent per annum; and to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
Continuă lectura „NBR – decisions on monetary policy”
Preliminary agreement on InvestEU
A preliminary agreement on InvestEU was proposed on 20 of March, the programme aims to boost private and public investment in Europe in the next long-term EU budget 2021-2027. InvestEU builds on the success of the Juncker Plan, or Investment Plan for Europe. Similar to the Juncker Plan, InvestEU is an EU budget guarantee. The guarantee will be at least €38 billion, set to mobilise at least €650 billion. The InvestEU Fund will be accompanied by the InvestEU Advisory Hub – tailored support to project promoters – and the InvestEU Portal – an easily accessible pipeline of mature projects for potential investors.
According to the remarks made by Luis de Guindos, Vice-President of the ECB, published within the press release of the European Central Bank, in recent months, incoming euro area data have continued to be weak and the economy has grown below expectations. That is, euro area real GDP increased by 0.2% quarter-on-quarter in the fourth quarter of 2018 (according to preliminary estimates), which was slightly up from 0.1% in the quarter before, but well below the 0.4% growth observed in the first half of 2018.
Professionals in the EU Single Market can move across borders and practice their occupation or provide services in another Member States. The EU has put rules in place to make it easier for professionals, such as doctors or architects, to have their professional qualifications recognised in another Member State. The Professional Qualifications Directive (Directive 2013/55/EU) was modernised in 2013 and had to be transposed into national law by 18 January 2016 according to the press release of European Commission.
Continuă lectura „Implementation of recognition of professional qualifications”
The National Bank of Romania has published at the end of February the Bank Lending Survey. The survey is conducted on a quarterly basis by the NBR in January, April, July and October.
