Press Review - October 12, 2017

10.12.2017 By Oana Gavrila

Romania Seeks to Implement Smart Traffic System on Highways

The Transport Ministry has put up for public debate a plan to install a RON103 million system that would monitor traffic on the country's highways and display traffic information for drivers.

Each highway would have its own monitoring and display system connected to a central monitoring node in Bucharest. The plan would cover highways A1, A2, A3 and National Road 1 linking Bucharest to Ploiesti.

Romania seeks to implement the measures from an EU directive on the deployment of Intelligent Transport Systems in transport and for interfaces with other modes of transport.

Government Approves Winter Energy Stocks Plan, Expects Higher Consumption

Romania's government has approved electricity and natural gas stock plans for the winter season.

It established the level of fuel and water stocks energy producers must ensure by November 15 for energy production during the winter season.

Romania's energy consumption is expected to grow 1.1% this winter season compared with the previous winter season.

Romania And Bulgaria Report Largest Increase In Air Passenger Transport In 2016

Romania, Bulgaria, and Cyprus registered the biggest increases in the number of air passengers in 2016, and London/Heathrow and Paris/Charles de Gaulle were the busiest passenger airports, the EU’s statistical office Eurostat said Wednesday.

The largest increases were registered in Bulgaria (+22.5%), Romania (+20.5%) and Cyprus (+18.1%), ahead of Hungary (+14.1%), Croatia (+13.8%), Portugal (+13.7%), Lithuania (+13.3%) and Luxembourg (+12.5%).

In 2016, the highest number of air passengers was recorded in the United Kingdom, where total air passenger transport amounted to 249 million. It was followed by Germany (201 million passengers), Spain (194 million), France (145 million) and Italy (135 million). 

IMF Revises Up Romania's Economic Growth Forecast to 5.5% This Year

The International Monetary Fund has revised Romania's economic growth forecast to 5.5% this year and 4.4% next year from a previous 4.2% and 3.4%, respectively.

The IMF sees Romania's GDP growth at 3.3% in 2022.

Prime Minister Mihai Tudose said earlier this week Romania would not seek a loan from the International Monetary Fund.

Romania Taps International Markets for EUR1B

Romania tapped international markets for EUR1 billion by reopening a ten-year Eurobond issue first issued in April, the finance ministry said Wednesday.

Romania raised EUR1 billion at an average yield of 2.114% compared with 2.411% at the initial opening in April.

Bids for the issue exceeded EUR2 billion, the ministry said.

The deal was brokered by Barclays Bank PLC, Citigroup Global Markets Limited, Erste Group Bank AG, Societe Generale, and ING Bank NV.