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€200 million to promote European agri-food products

The European Commission will allocate €200.9 million in 2020 to fund promotion activities for EU agri-food products at home and abroad. The 2020 promotion policy work programme adopted by the Commission outlines the main priorities for support. EU policy on the promotion of agri-food products is designed to help the sector take advantage of the expanding and increasingly dynamic global agri-food market, raise awareness on quality schemes including organic produce and help producers should they face market disturbances.

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business

Aprobarea limitelor anuale pentru finanţările rambursabile

Ministerul Finanțelor Publice a elaborat proiectul de hotărâre de Guvern privind aprobarea limitelor anuale, aferente anilor 2020, 2021 şi 2022, pentru finanţările rambursabile care pot fi contractate şi pentru tragerile din finanţările rambursabile contractate sau care urmează a fi contractate de unităţile/subdiviziunile administrativ-teritoriale.

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fiscality

Developments in inflation

The National Bank of Romania has published the Inflation Report for November 2019. As shown in the report, the annual CPI inflation rate returned to the upper bound of the variation band of the flat target of 2.5 percent ± 1 percentage point, ending 2019 Q3 at 3.49 percent (0.35 percentage points below the June level and 0.2 percentage points below the latest forecast). Behind the disinflationary trend stood mainly the declines in vegetable prices amid a good harvest across the EU. Opposite influences stemmed from tobacco product prices and the slightly faster growth of the adjusted CORE2 inflation rate, indicating the persistence of inflationary pressures from fundamentals.

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business

Industrial policy – recommendations

The European Commission published on November 5th the recommendations by a group of experts, the Strategic Forum on Important Projects of Common European Interest, to boost Europe’s competitiveness and global leadership in six strategic and future-oriented industrial sectors: Connected, clean and autonomous vehicles; Hydrogen technologies and systems; Smart health; Industrial Internet of Things; Low-carbon industry; and Cybersecurity.

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fiscality

Indicatori monetari

Secondo il comunicato stampa della Banca Nazionale della Romania relativo agli indicatori monetari, alla fine di settembre 2019, la massa monetaria ha ampiamente registrato un saldo di 400 422,3 milioni di lei. Rispetto ad agosto 2019, è aumentato dell’1,0 per cento (0,9 per cento in termini reali) e rispetto a settembre 2018 la massa monetaria è aumentata del 9,3 per cento (5,6 per cento in termini reali).

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