The economic growth on the first three quarters of 2018 was 4.2%, both in gross series and the seasonally adjusted series, according to data published… Mai mult›
Budget revenue, historical minimum – below two-thirds of EU average as a share of GDP. Declining trend and low values across the board
Romania ranked penultimate among EU member states in 2017 in terms of budget revenues share of GDP, according to Eurostat data. With only 25.8%, our… Mai mult›
Hourly labour costs grew by 13.91% in the third quarter of 2018 compared to the same period in 2017 (+1.53% compared to Q2 2018), according… Mai mult›
“Man, there is still time”/ We meet 13 out of 14 criteria on European dashboard: but how do we overcome two neuralgic points?
According to Eurostat, Romania observed 13 of the 14 indicators set for the scoreboard of the macroeconomic situation in the EU member states last year.… Mai mult›
Romanian research has come below the level registered at the EU accession moment. And it reached one sixth of EU 2020 target
Romania insists on staying on the penultimate position among the European Union member states in terms of R & D expenditure in 2017, according to… Mai mult›
Beware of FFW legislation: Four essential laws – withdrawn from public debate and scheduled to be voted by Christmas
de Victor Bratu , Răzvan Diaconu 22.10.2017
On Liviu Dragnea’s list there are:
- The Law on the establishment of the Sovereign Development and Investment Fund
- The Law on Public-Private Partnership
- The Public Procurement Law
- The laws of the judicial system
By including these bills in the Parliament’s agenda and setting such a tight deadline, the ruling coalition virtually eliminates the public debate procedure – mandatory for Government decisions.
It is worth mentioning that all four legislative structures have a great impact both in the society and the economy, and they will decisively influence, for many years now, the domains they regulate.
Raw material for the voting machine: Parliament is Not obliged to propose the laws for consultation
The parliamentary arithmetic shows that PSD and ALDE, with the discrete help from UDMR, will be able to impose in all these bills the form agreed by parties in power.
Things work as follows:
In the case of laws drafted by the Parliament, a political group assumes a draft text.
The draft is sent for opinions to the Legislative Council and the Economic and Social Council, which usually have formal, not substantive comments, and to the Government, which states its views.
The text is also sent to the specialized parliamentary committees for the report. Once the reports received, the text is put on the plenary agenda for the vote.
Unlike the Government, which, at least in the case of sensitive laws, asks and in most of the situations takes into account the opinion of the business environment or consultants, the Parliament is not obliged to launch the draft laws for public debate.
Of course, the parliamentary debates on a bill can be intense but the result is always the one decided by the majority.
In the list of four projects, only the Sovereign Fund does not have a law on its establishment:
- the public procurement law has been updated in 2016
- the Law on Public-Private Partnership – about which Minister Ilan Laufer said that could be adopted by the Government by October 1st – is applied since December 25, 2016
- the laws of the judicial system exist but the former and current minister say they should be aligned to the CCR’s decisions
The establishment of the Sovereign Fund is of utmost importance for the effects it can produce in the economy. It would be normal for this law to be drafted by specialists, possibly with the advisory support from international experts, given that it includes the whole Romanian strategic state-owned industry and not by the party group.
Lăsați un comentariu
The benchmark government bond yield jumped above the 5% threshold on Thursday. The Ministry of Public Finance (MFP) attracted RON 300 million from banks on… Mai mult›
The Ministry of European Funds has taken out Iasi-Tg. Mures highway project from the Large Infrastructure Operational Programme 2021-2027 and the Ministry of Transport already… Mai mult›
Senate postpones discussions on DNA’s request on waiving immunity of Calin Popescu Tariceanu until February 2019
The Senate has decided that it will put to the vote the decision to waive Calin Popescu Tariceanu's immunity only in the spring session, that… Mai mult›
Implementation of 5G technology, a multiplication effect in economy of EUR 4.7 billion - announces Sorin Grindeanu (ANCOM)
The National Authority for Management and Regulation in Communications (ANCOM) launched on Wednesday the National Strategy for the Implementation of 5G Technologies in Romania for… Mai mult›
Some of the amendments to the criminal codes will generate mistrust regarding Romanian state's ability to ensure the legality, stability and predictability of business relationships… Mai mult›
European Semester / European Commission asks Romania to correct its medium-term structural deficit by 1% of GDP
Minister Eugen Teodorovici is pressured by the EU to reduce the budget deficit After finding that the Government has done nothing to adjust the deviation… Mai mult›
The Government adopted on Thursday the ordinance that provides for the general framework for the establishment of a Sovereign Fund. Later, after new talks with… Mai mult›
The representatives of Ford Craiova met on Wednesday with mayors of 30 localities from Dolj county in order to stimulate the attraction of 1,700 new… Mai mult›
Development strategy / Government squeezes even investment money from its own companies: EUR 120 million from only two entities in energy field
Nuclearelectrica (SNN) and Romgaz (SNG) have calculated the additional dividends to be paid to the state after the Ministry of Finance (MFP) sent to the… Mai mult›
DNA, officially: Senate President is suspected of having received a USD 800,000 bribe. Case file opened at a request from Austrian judicial authorities
The case file in which the DNA requested the waiving of the Senate President’s immunity was opened at the request of Austrian judicial authorities and… Mai mult›
Romania has to recover illegal state aid worth EUR 60 million granted to Compexul Energetic Hunedoara, announced the European Commission with a statement released on… Mai mult›
The Ministry of Public Finance (MFP) intends to borrow in November RON 4.74 billion, 1.4% more than in the previous month, according to the Ministry.… Mai mult›
IRUM Reghin launched the first 100% Romanian tractor, announced Digi24, designed and built by the company’s engineers, 15 years after the Romanian tractor manufacturing disappeared.… Mai mult›
Romanians from abroad sent as much money to Romania as Government attracted from European funds and subsidies
Romanians working abroad sent EUR 2.695 billion to the country in the first eight months of 2018, equalling the European funds and subsidies received in… Mai mult›