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Created with Fabric.js 1.4.5 19-25 January News Week January, 19 January, 20 January, 21 January, 22 January, 23 January, 24 January, 25 "Big Brother" law - Minister for Information Society: wants a transparent debate. - Romanian Intelligence Service consider Cyber security law, essential for making national cyber security system operationalSwiss Franc situation:- Finance Minister will meet with the banks to discuss issuing its own rules, rescheduling rates to become effective "Big Brother" law:- APADOR-CH and ApTI filed a so-called "amicus curiae" brief to the CCR in which they support the constitutional objection that was previously raised by the PNL Swiss Franc situation:- Volksbank Romania announced that it would maintain, for a period of three months, a flat exchange rate of 3.8035 lei for one Swiss Franc - Romania's Constitutional Court (CCR) has decided that the Law on cyber-security is unconstitutional.- The High Court of Cassation and Justice says that President of Romania Klaus Iohannis was not in a situation of incompatibility while serving as mayor of Sibiu.- Legally imposing the conversion of credits from Swiss Francs to lei or other currencies could result in bankruptcy for several banks, says Nicolae Cinteza.- "Gabriel Resources", the majority shareholder of "Rosia Montana Gold Corporation" has sent an official notification to the President Klaus Iohannis and to the Prime Minister Victor Ponta. - Romania imported in the first 11 months of 2014, an amount of 6.108 million tons of rock oil, oil equivalent, with 1.408 million tones (30%) more than the same period last year.- The volume of trade between Romania and Moldova increased by over 19.03% in January-November 2014 compared to the same period last year, reaching up to 1.5 billion dollars.- The unemployment rate in Romania hit 5.29 percent at a national level at end-Dec., by 0.11 percent higher than in Nov. - Magistrates of the High Court of Cassation and Justice filed a request to the DNA to have the former Minister of Interior Cristian David,remanded in custody for 30 days.- The National Anticorruption Directorate announced the start of criminal prosecution proceedings against current Constitutional Court judge Toni Grebla.- Deputies Iulian Iancu and Lucian Sova are under criminal investigation. - Prime Minister Victor Ponta doesn't believe that the problem of loans in Swiss Francs can be solved by converting forced them into another currency, modeled by Hungary, but that banks should be required to inform their customers better and to bear part of the losses.- The prepaid SIM cards law and the cybersecurity law are important and urgent for national security structures, according Valeriu Zgonea.- According to a report published by The European Statistical Office, debt Government of Romania stood at the end of the third quarter of 2014 is 252,828 billion lei (38.1% of GDP). - President Klaus Johannis received at Cotroceni Palace BNR governor Mugur Isarescu in a working meeting on current monetary policy.- Prime Minister Victor Ponta listed fundamental objectives that the executive has for 2015-2016: adoption of the new Tax Code and the Tax Procedure Code, applying new VAT reductions and investments in road infrastructure for the region of Moldova.- President Klaus Iohannis and Prime Minister Victor Ponta on Saturday morning attended, in the Union Square, in Iasi City. - Over 700 people gathered Sunday in Constitution Square in the capital to demand the conversion of foreign currency loans in lei.- Liberal spokesman Ionut Stroe, says Prime Minister Victor Ponta "not fulfilling its legal obligations" by failing partial elections are held where the positions were vacant. The main political news The main economic news - Minister for Information Society: wants a transparent debate. - Romanian Intelligence Service consider Cyber security law, essential for making national cyber security system operational- APADOR-CH and ApTI filed a so-called "amicus curiae" brief to the CCR in which they support the constitutional objection that was previously raised by the PNL - Romania's Constitutional Court (CCR) has decided that the Law on cyber-security is unconstitutional.- The High Court of Cassation and Justice says that President ofRomania Klaus Iohannis was not in a situation of incompatibility while serving as mayor of Sibiu.- Magistrates of the High Court of Cassation and Justice filed a request to the DNA to have the former Minister of Interior Cristian David,remanded in custody for 30 days.- The National Anticorruption Directorate announced the start of criminal prosecution proceedings against current Constitutional Court judge Toni Grebla.- Deputies Iulian Iancu and Lucian Sova are under criminal investigation.- The prepaid SIM cards law and the cybersecurity law are important and urgent for national security structures, according Valeriu Zgonea.- Prime Minister Victor Ponta listed fundamental objectives thatthe executive has for 2015-2016: adoption of the new Tax Code and the Tax Procedure Code, applying new VAT reductions and investments in road infrastructure for the region of Moldova.- Liberal spokesman Ionut Stroe, says Prime Minister Victor Ponta "not fulfilling its legal obligations" by failing partial elections are held where the positions were vacant. - Finance Minister will meet with the banks to discuss issuing its own rules, rescheduling rates to become effective.- Volksbank Romania announced that it would maintain, for a period of three months, a flat exchange rate of 3.8035 lei for one Swiss Franc.- Legally imposing the conversion of credits from Swiss Francs to lei or other currencies could result in bankruptcy for several banks, says Nicolae Cinteza.- "Gabriel Resources", the majority shareholder of "Rosia Montana Gold Corporation" has sent an official notification to the President Klaus Iohannis and to the Prime Minister Victor Ponta.- Romania imported in the first 11 months of 2014, an amount of 6.108 million tons of rock oil, oil equivalent, with 1.408 million tones (30%) more than the same period last year.- The volume of trade between Romania and Moldova increased by over 19.03% in January-November 2014 compared to the same period last year, reaching up to 1.5 billion dollars.- The unemployment rate in Romania hit 5.29 percent at a national level at end-Dec., by 0.11 percent higher than in Nov. - According to a report published by The European Statistical Office, debt Government of Romania stood at the end of the third quarter of 2014 is 252,828 billion lei (38.1% of GDP). - In the next period we can expect some changes on the currency market. First of all, because of the election results from Greece, we can expect an increase in the exchange rate of the dollar. - About Swiss Franc issue, the only solution that is possible it is the Individual Insolvency law. In the next period, the Romanian Parliament will debate this law to find the best form. - On medium and long term, the currency market will fluctuate strongly because of the political instability. Liberals desire to accede to government and non-collaboration between them and socialist will make RON an unstable currency. Political Analysis
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