Budgetary Rectification and the Sovereign Fund, topics of today's meeting of leaders of the ruling coalition The leaders of the ruling coalition will meet today, the main topics being the budget
Budgetary Rectification and the Sovereign Fund, topics of today’s meeting of leaders of the ruling coalition
The leaders of the ruling coalition will meet today, the main topics being the budget rectification this year and the projections for the 2019 budget. It seems that Finance Minister Eugen Teodorovici will have a first meeting with the President of the Chamber of Deputies, Liviu Dragnea, and the afternoon will attend the coalition meeting. Discussions will focus on budget rectification, the situation of the Sovereign Investment Fund and the 2019 budget.
OMV Petrom – sole titleholder and operator of four onshore oil exploration blocks after Repsol’s withdrawal
The National Agency for Mineral Resources (ANMR) has approved the takeover by OMV Petrom of the Repsol’s stake in four onshore exploration licenses. Following the ANMR approval, OMV Petrom becomes the sole titleholder and operator of the four exploration blocks V Baicoi, VI Targoviste, XII Pitesti and XIII Targu Jiu. The farm-out agreements for the four blocks were concluded in 2013, OMV Petrom being the operator, with a 51% share, while Repsol had the remaining 49% share.
Industrial production prices rose by 5.6% in September; energy industry reported the most significant increases (INS)
Industrial production prices rose in September by 5.6% compared to the same month of the previous year, and from month to month (September vs. August 2018) they increased by about 0.3%, reveals the published data, Friday, by the National Institute of Statistics (INS). At industrial producer prices in the domestic market, there is an increase of 0.5% in September compared to August, a 6.07% increase compared to the same month of the previous year. At the same time, for the foreign market, industrial production prices rose in September 2018 by about 5% compared to September 2017, but decreased by 0.7% compared to August 2018.
Energy companies – the golden apple that the PSD tries to pull out of the ALDE
Energy companies are the most profitable companies to which the state is a shareholder, their political control being now at the ALDE through the Ministry of Energy. For some time, the PSD has been trying, through legislative tricks or political tricks, to remove the ALDE from the buttons of these companies. As expected, the ALDE opposes, the PSD is not left, which is why a tense situation has come between the two parties forming the governing coalition. For the ALDE, losing control over these companies would be equivalent to eliminating an important reason for staying in government.