TVRI — broadcast
20260806 133000 UTC
423 transcript segments
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[00:00:01] modernly speaking, to
[00:00:05] I believe we are not discussing a not, that's what I wanted to say, that there have been
[00:00:08] what was called a differentiated
[00:00:10] films. We have to learn from tariff, now it's a dynamic tariff, so we're not
[00:00:13] reinventing the wheel, we're simply applying it. Unfortunately,
[00:00:16] the new offers for dynamic
[00:00:20] or differentiated tariffs could
[00:00:22] only be launched after July 1st last year, because
[00:00:26] the legislation related to capping
[00:00:29] made it impossible to apply this
[00:00:31] this method of
[00:00:34] offering. Yes,
[00:00:36] it is a solution for consumers to
[00:00:40] reduce their bill, especially
[00:00:43] for those who can modify their consumption profile,
[00:00:46] meaning instead of consuming more during the evening peak,
[00:00:50] they consume at noon, and here I would mainly mention
[00:00:53] prosumers, and I must mention that prosumers have already
[00:00:57] modified their consumption in such a way
[00:01:01] as to consume as much as possible during the period when they produce with solar panels, similarly, those who
[00:01:05] have electric cars or
[00:01:08] with air conditioning systems that can be moved,
[00:01:12] heating or cooling can be moved to another period of the day. I would like to
[00:01:16] complete what Ms. Dărăban said, perhaps a very, very basic
[00:01:19] thing regarding changing providers,
[00:01:23] maybe many don't know, but changing a provider
[00:01:27] doesn't mean pulling other wires. It's even
[00:01:30] simpler than changing a GSM
[00:01:34] operator. And the last question is for you, Ms. Dărăban, because I know
[00:01:38] that to benefit from these dynamic tariffs, you also need smart
[00:01:41] meters. The government announced that it is making available
[00:01:44] to distributors 100 million euros for all distributors, so that
[00:01:48] 800,000 smart meters can be
[00:01:52] installed for consumers. When do you estimate we will have these
[00:01:56] meters and when could we, for example,
[00:01:59] resort to these dynamic tariffs in large
[00:02:03] numbers, obviously if we want to? The government has just published the guide
[00:02:06] for calling this call, so with all
[00:02:10] the effort of operators and service
[00:02:14] providers, probably two years, two and a half,
[00:02:17] there's more, I understand. Ms. Daniela
[00:02:20] Dărăban, Mr. Laurențiu Orlescu, thank you for your presence on the show and for
[00:02:24] all the information you provided. We look
[00:02:28] forward to welcoming you back, why not, on this show and on another occasion to discuss what is
[00:02:32] happening in the energy system, especially since people are worried, and rightly
[00:02:35] so, no one knows what is happening with production, but not all
[00:02:39] problems come, let's say, downstream in distribution and
[00:02:43] supply. Thank you, I thank
[00:02:46] you. The heatwave is putting pressure on economies across Europe, affecting transport,
[00:02:49] energy production, and productivity, but it is also rapidly changing consumers'
[00:02:53] shopping lists, according to an XTB analysis. Let's
[00:02:57] find out what it's about, and we have the data on the
[00:03:01] screen. Simulations have been done regarding the impact of the heatwave in Europe, and as
[00:03:04] you can see, in the German economy, precisely because of all these problems
[00:03:08] related to drought and more, look for yourselves, in the case
[00:03:11] of industry, a decrease of 1%
[00:03:15] is taken into account, and overall the German
[00:03:18] economy is likely to decrease by a percentage between 0.1 and
[00:03:21] 0.2% just as a result of these very high temperatures,
[00:03:25] and in the Eurozone, here are forecasts that show that the economy would
[00:03:29] could slow down. 1% was the initial forecast, we are going to
[00:03:32] 0.6%, and you know what is interesting is that there are
[00:03:36] losers, but there are also winners, just as I told you a little earlier, look at
[00:03:40] who wins, where sales are higher, we are talking about purchases of cooling
[00:03:43] equipment, sun protection equipment, light clothes, swimsuits,
[00:03:47] ice cream, juices, here sales have increased, and even if we
[00:03:51] look at shares, at the shares of some manufacturers, look, for example, a
[00:03:55] manufacturer, a major ice cream manufacturer, their shares have increased by
[00:03:58] almost 50% compared to April, because now
[00:04:02] it is hot. Let's move
[00:04:05] on, and we have an important piece of information
[00:04:08] for Romanians in the diaspora. The executive approved today
[00:04:12] the government decision for the operationalization of the "Diaspora Invests
[00:04:15] at Home" program. The Investment and Development Bank is mandated to act on
[00:04:19] behalf of the Ministry of Finance to grant and manage de
[00:04:22] minimis aid in the form of grants aimed at supporting investments made by Romanians
[00:04:26] from the diaspora. The Ministry allocates a total budget of 100
[00:04:30] million euros for this program dedicated to Romanians abroad who
[00:04:33] want to develop local businesses through newly established
[00:04:36] companies. The support mechanism stipulates that grants can cover up
[00:04:40] to 60% of the value of the investment loan, not exceeding
[00:04:44] 2000 euros for each beneficiary. These grants will
[00:04:48] be awarded between 2026-2029,
[00:04:51] within the budget limit. Investment loans for business capitalization
[00:04:54] can range between 5000 euros and 50000 euros. The maximum
[00:04:58] loan period is set at 10 years, without the final
[00:05:02] maturity exceeding December 31st,
[00:05:04] 2037.
[00:05:07] The Investment and Development Bank
[00:05:10] will be the one to implement
[00:05:13] this aid scheme based on an agreement that will be
[00:05:17] signed in the next 30 days with the Ministry of
[00:05:20] Finance, which
[00:05:23] means that Romanian
[00:05:26] citizens who have
[00:05:29] had their residence or domicile abroad
[00:05:31] in the last
[00:05:35] nine months will be provided
[00:05:37] with
[00:05:41] a loan of maximum 2000
[00:05:45] euros, which would represent a
[00:05:48] grant
[00:05:51] in a proportion of 60% of the total
[00:05:54] loan amount they could contract. If
[00:05:58] you want to buy euros? I have bad news for you. The euro reached
[00:06:01] 5.25 lei today. This is according to the reference exchange rate displayed
[00:06:05] today by the BNR. So, 1 euro is quoted at 5
[00:06:08] lei and 25 bani. The US dollar is 4 lei and 55 bani.
[00:06:12] The sterling pound is 6 lei and 12 bani, and the Swiss franc is
[00:06:15] 5 lei and 62 bani. In the event that you have loans,
[00:06:18] it's good to know the ROBOR index rates have remained at the same
[00:06:22] level as yesterday, practically we haven't seen them
[00:06:26] change for a while. ROBOR at 3 months
[00:06:29] 5.84%, ROBOR at 6 months
[00:06:31] 5.92%, ROBOR at 12 months
[00:06:34] 5.97%, and IRCC
[00:06:37] 5.56%.
[00:06:46] Consultations on the salary law resumed at Cotroceni Palace.
[00:06:49] Presidential advisor for economic issues, Radu Burnete, discussed
[00:06:53] with representatives of the parties that formed the former governing coalition. I am
[00:06:57] referring here to PSD, PNL, USR, and UDMR. The meeting took place
[00:07:00] after the presidential administration's representative also met with the leaders of the
[00:07:04] healthcare system unions at the beginning of the week. Sanitas
[00:07:07] then announced that it does not accept any law that generates income
[00:07:11] losses for employees in health and social assistance, and
[00:07:14] sanitary solidarity demanded guarantees that salary incomes would
[00:07:17] increase when the new law comes
[00:07:20] into force. My colleague Alina Sorocean has more
[00:07:23] information about this topic. Hello Alina, please
[00:07:27] tell us what information you have and when we could have, I don't know, a result
[00:07:31] of these
[00:07:31] discussions?
[00:07:36] Hello. The discussion at Cotroceni Palace has been going on for more than two hours.
[00:07:39] Representatives of the political formations that were in government
[00:07:42] until now, meaning PSD, PNL, USR, UDMR, are
[00:07:46] face to face with Radu Burnete, presidential advisor for economic issues,
[00:07:50] and are discussing all those problems that were raised by the
[00:07:53] unions regarding the unitary salary law. However, sources say that no
[00:07:57] consensus has been reached, at least not yet. They also
[00:08:01] discussed the directorship for those
[00:08:05] working in education. We know very well that the unions said that this
[00:08:08] bonus, which would be 400 lei in the new salary
[00:08:12] law, is unacceptable in the context that currently
[00:08:16] the bonus represents 10% of the salary.
[00:08:19] Also, there are still dissatisfactions in the health sector, but also in other
[00:08:23] sectors. Many unions had discussions with social democrats until
[00:08:27] now, with those from Aur, in recent days, and they demanded that this law
[00:08:30] not be voted in parliament, mentioning that if it
[00:08:33] receives the green light, then many salaries will
[00:08:36] decrease in Romania. Therefore, it is possible
[00:08:40] that there will be no consensus on this law, either it
[00:08:44] will reach parliament and would be modified, amended by
[00:08:48] those from PSD and Aur, so that it no longer has the form that
[00:08:52] government representatives have shaped so far,
[00:08:56] or it will not be submitted if an agreement is not
[00:08:59] reached in the next period. We will see how
[00:09:02] the whole situation ends, but let's not forget that by the end of August
[00:09:05] it should receive a green light in parliament, if we are to meet
[00:09:09] another milestone from the PNR.
[00:09:13] Alina Sorocean, thank you for all this information. Meanwhile, Romanians are reducing
[00:09:17] purchases in almost all categories, and this is reflected in the lower
[00:09:21] revenues of retailers. Retail trade turnover decreased by
[00:09:24] 5.6% in the first 6 months compared to the same period last
[00:09:28] year. This is according to data from the National Institute of Statistics published today.
[00:09:31] Let's see what it's about, where
[00:09:34] we ended up, what product categories we gave up the most.
[00:09:38] First of all, sales of non-food products decreased by
[00:09:41] 7.3% compared to the same period last year,
[00:09:44] practically this category includes, for example, clothes. Moreover,
[00:09:48] what is interesting about this data from the NS is that we also see a decrease
[00:09:52] in sales of food, beverages, and tobacco,
[00:09:55] a decrease of 4.2%. And
[00:09:58] last but not least, as you have also seen, because pump prices have
[00:10:02] continued to rise, fuel sales have also decreased by 4% compared
[00:10:06] to the same period. We are discussing this topic with economic
[00:10:09] analyst Flavius Iacubovici, president of the association.
[00:10:25] Practically, please explain to us what are the main causes? Primarily,
[00:10:30] consumption crisis, but that
[00:10:33] Romanians feel and find less
[00:10:37] money in their pockets, why? Not necessarily because they have become
[00:10:40] more frugal overnight, because we know very well, Romanians are always
[00:10:44] quite spendthrift, but with an inflation of over
[00:10:48] 10%, this Romanian with the salary he has
[00:10:52] buys less, practically the same
[00:10:55] with less money, that means
[00:10:58] we have a reduction caused by
[00:11:01] inflation, and a second factor is that
[00:11:05] expenses for food products,
[00:11:08] non-food items have also increased, so practically we have a double, let's
[00:11:12] say a double standard, moreover, the reduction
[00:11:16] in trade is also very large
[00:11:19] for non-food products, what does this mean for
[00:11:23] the economy, that Romanians postpone those non-essential
[00:11:26] expenses, they can postpone replacing the television for about
[00:11:30] 12, 18 months, they might not buy clothes
[00:11:34] anymore and recycle them or stretch what they
[00:11:37] have, to speak a bit non-academically, what they have right now, and
[00:11:41] if they had to replace an item, let's say, I don't know,
[00:11:45] an electronic device that broke, they will try to
[00:11:48] repair it rather than replace it, this means
[00:11:51] a reduction in the non- food sector, hello.
[00:11:57] buy second-hand or buy second- hand, yes, that's an option, and if
[00:12:01] we look at the market, businesses in this area have developed quite a lot, especially those
[00:12:05] second-hand shops, if we say a bit of luxury, meaning not what
[00:12:08] we knew before, some 10, 15 years ago, we look
[00:12:12] at some second-hand shops that have quite good products in terms of
[00:12:15] standard. Beyond these goods, let's call them that,
[00:12:19] which are not necessarily strictly necessary, statistics show that people have even started to
[00:12:23] buy less food and drinks. What does this tell us? I don't know
[00:12:27] if they have started to buy less
[00:12:30] food and drinks, and I think we should look very
[00:12:33] analytically at what is happening in the market. First of all,
[00:12:36] Romanians are more frugal in times of crisis. We know
[00:12:40] that we are somewhat champions, with quotation marks,
[00:12:44] when it comes to food waste. A second
[00:12:47] factor is that Romanians no longer eat out as much
[00:12:51] at restaurants and choose to cook more at home.
[00:12:55] So this also means a reduction in costs and
[00:12:58] savings. And thirdly, Romanians no longer
[00:13:02] buy established brands, they turn to private
[00:13:05] labels, a monobrand of stores, which means a
[00:13:09] lower cost for them and a rise
[00:13:13] in this market niche. It's interesting that this increase
[00:13:16] in fuel prices has started to be reflected in lower revenues for
[00:13:19] petroleum product distributors. Are we
[00:13:22] slowly approaching those
[00:13:25] limits where many Romanians can no longer afford to drive, because
[00:13:29] it's very interesting what that psychological threshold is when people will say, "That's
[00:13:32] it," I think we are already seeing a decrease
[00:13:36] in mobility, the psychological threshold I think
[00:13:40] we all agree that this or I don't know, a two-digit
[00:13:43] price at the pump is the maximum,
[00:13:47] if we look, it actually shows this decrease in mobility, and we
[00:13:51] are not talking about that mobility in, I don't know, going to work
[00:13:54] by car where there are quite a few alternative options much
[00:13:58] cheaper and with substantial savings per month of
[00:14:02] a few hundred lei, we are talking about those optional
[00:14:05] trips, perhaps if I want to go to the seaside and
[00:14:09] we used to go with another family, we no longer go each with
[00:14:13] his own car, but we group both families with
[00:14:16] a single car, and behold, we see a
[00:14:19] decrease in fuel expenses.
[00:14:23] If we look at the pumps and gas stations, as
[00:14:27] they are called, we see that the volume
[00:14:31] has decreased, but the turnover has increased, yes,
[00:14:34] so the costs have increased on fuel
[00:14:38] acquisition due to taxes
[00:14:41] and excises and VAT, which are very high and
[00:14:44] contribute a lot to the price per liter, but
[00:14:47] almost 3 lei is only the cost of the excise tax, on top of that
[00:14:51] excise tax there is also VAT which is not 19% but 20.
[00:14:55] Okay, now in August this effect somehow
[00:14:59] dilutes, but we are seeing quite
[00:15:02] a big increase. You know what's interesting, I was looking at the growth percentages and
[00:15:06] I was discussing this with the show's producer before we started, in the case of fuel
[00:15:10] sales, we have a decrease of 4%, and in
[00:15:13] the case of non-food products, it's over seven.
[00:15:16] Can we deduce from this that we give up the car
[00:15:20] harder than, exactly as you said, other expenses
[00:15:24] that, let's say, may not be strictly necessary? We are still used
[00:15:27] to the car and it is difficult for people, we know that Romanians are quite lazy and
[00:15:31] the car often, especially if it rains, is also used as
[00:15:35] an umbrella and it is somewhat a standard for Romanians
[00:15:38] to drive regardless of
[00:15:41] long or short distances, and indeed if you ask a Romanian to
[00:15:45] choose between, let's say, the convenience of driving
[00:15:49] versus giving up buying, I don't
[00:15:53] know, a television, a washing machine, a new refrigerator or some clothes, they will
[00:15:57] certainly choose to give up
[00:16:00] these things and keep the car. For
[00:16:04] companies, Mr. Iacubovici, what consequences can arise from this? because
[00:16:08] they, in turn, are also affected by this record
[00:16:11] inflation, over 10%, they have employees
[00:16:14] to pay and what do you know, revenues are starting to
[00:16:17] decrease, they are not at all what they used to be. Indeed, if we
[00:16:21] look at companies, we see a rather large increase in
[00:16:23] insolvencies in the first half of the year,
[00:16:27] especially in the service sector, a very affected
[00:16:30] sector is the Horeca sector, where Romanians, as I said, no longer
[00:16:34] eat in restaurants. They no longer go to cafes, they no
[00:16:37] longer spend so much money from their salary on these, let's
[00:16:41] say, innocent pleasures of each individual, if we look at
[00:16:45] the stocks in these sectors, we see that they have a much
[00:16:48] slower rotation in this period,
[00:16:52] why? because there is no longer the same consumption and Romanians choose to manage
[00:16:55] their money very well, basically on expenses
[00:16:59] that cannot be postponed, which have increased a lot, if we look at
[00:17:03] the cost of energy, if we look at rents. which have increased by
[00:17:07] 40%, energy by over 60%, these are
[00:17:10] costs that we cannot postpone and we redirect
[00:17:13] money from some expenses that were somewhat
[00:17:17] optional to these mandatory ones, and this is
[00:17:20] reflected in the economy in a much lower consumption, practically
[00:17:24] we are somehow sabotaging ourselves because our economy is
[00:17:27] based on consumption, it is a
[00:17:30] we are somewhat in a vicious
[00:17:33] circle from my point of view, so it seems.
[00:17:37] smaller, those companies will have smaller profits, lower
[00:17:41] taxes, unemployment will also increase, if we look at the labor
[00:17:45] market we see and witness many layoffs, especially
[00:17:48] large-scale layoffs, at large companies that
[00:17:52] you would say, I don't know, these multinationals
[00:17:55] should somehow support the labor market and the economy, but these
[00:17:59] are also in an economic zone and cost
[00:18:03] reduction, and due to the advancement
[00:18:06] of technology and artificial intelligence where many
[00:18:10] processes are replaced, they choose to
[00:18:12] replace human personnel. We have two more minutes in this show.
[00:18:16] Mr. Iacubovici, at an individual level, what can we do to increase
[00:18:20] our income? Well, to increase income, there are two
[00:18:23] main options and we will dissect them a bit. First, reduce
[00:18:27] expenses, but as we know, Romanians have already tightened their belts
[00:18:30] a lot in the last year and it is getting harder and harder to tighten
[00:18:34] the belt, so we turn to the second
[00:18:38] option of diversifying our income: first of all, with
[00:18:41] the active money we
[00:18:44] produce, yes, an active income source
[00:18:47] would be the salary, we should invest
[00:18:50] in a passive income source, practically putting money to work for
[00:18:54] us, if we have some money saved in a
[00:18:57] demand deposit without interest, this means
[00:19:01] that inflation automatically eats away at that
[00:19:05] money and we will have to make it work for us. We should invest in
[00:19:08] government bonds, treasury bills or in a deposit which, okay,
[00:19:12] now due to inflation, does not
[00:19:14] cover the yield, but if we look at forecasts
[00:19:18] for Q3, Q4 and the beginning of
[00:19:21] 2027, where inflation will reach the target of
[00:19:25] 2.5-3%, automatically the yields will exceed
[00:19:29] Flaviu Seacupovici, thank you for your presence on the show.
[00:19:32] We look forward to welcoming you back to our studio on another occasion to talk about what is happening in the economy.
[00:19:36] We have information before concluding. The Bucharest Transport
[00:19:39] Company requested insolvency. The request was
[00:19:43] registered today at the Bucharest Tribunal in a case where the public transport company
[00:19:46] is listed as debtor. BMF, Grup Soluții
[00:19:49] Integrate SRL appears as creditor, according to news.ro.
[00:19:53] The General Council of the Capital voted last month for the insolvency of the Bucharest
[00:19:56] Transport Company. The initiative belonged to Mayor Ciprian Ciucu, who presented it
[00:20:00] as the only option for salvation. Currently, STB has
[00:20:03] debts equivalent to the general mayoralty's budget for one
[00:20:08] year, and risks bankruptcy.
[00:20:11] This was our show for today, I am Cătălin Deacu and I thank you for your attention.
[00:20:15] We will see you tomorrow at 4 PM with new economic topics of interest to you.
[00:20:19] Until then, I wish you all the best.
[00:20:42] They were born in Romania, they feel Romanian, they think Romanian
[00:20:46] and they want the best for the country from which they left to conquer
[00:20:50] the world. Brilliant personalities from art,
[00:20:53] science, research tell their stories in an impressive
[00:20:56] series of portrait
[00:21:00] the best. Romanian Presences,
[00:21:04] a project carried out by Romanian Television with the support of the Department
[00:21:08] for Romanians
[00:23:21] Like in a storybook painting that fills the soul and takes your
[00:23:25] breath away, the Făgăraș Massif stretches
[00:23:28] for almost 3000 km2, crowned
[00:23:32] by its ridges and peaks, which exceed
[00:23:35] 2500
[00:23:36] m.
[00:23:44] the largest alpine unit in the country is located between
[00:23:47] the Olt gorge to the west and the
[00:23:50] Piatra Craiului Massif to the east, at an aerial
[00:23:54] distance of over 70
[00:23:56] km.
[00:24:02] Ogrășul is a crystalline schist
[00:24:05] mountain, similar to, I don't know, the
[00:24:09] Bavarian Alps, for example,
[00:24:12] and automatically this gives it its sharp forms in the erosion
[00:24:16] zones. So, the central area, somewhere around
[00:24:19] 40 km, is a very
[00:24:21] rugged area, the ridge has a length of
[00:24:25] 70 km, of which for 55 km it does not drop below
[00:24:29] 2100 m except in Curmătura Zârnei, which
[00:24:32] makes it the longest mountain ridge in
[00:24:35] Europe, obviously there are much higher ridges, we are not talking about altitude, we are talking about
[00:24:39] length, so those higher ridges are shorter,
[00:24:42] înalte sunt mai
[00:24:44] scurte,
[00:24:49] and its water. The Paltinului leisurely stretches in the sunlight,
[00:24:52] watched over by the majestic Paltinului Tower.
[00:24:55] Paltinului.
[00:25:01] Among the ridges, the Negoiu Lespezi area appears unexpectedly.
[00:25:16] The impressive, seductive Muntenegoiu
[00:25:19] calls, like a siren's song.
[00:25:21] sirenă.
[00:25:27] The ridge trail descends into a somewhat more difficult
[00:25:31] cable section.
[00:25:35] Great attention is needed at every step,
[00:25:38] stones can dislodge at any time, causing
[00:25:42] sprains or
[00:25:43] dislocations for the hiker.
[00:25:47] In case of rain, the danger increases due to slippery
[00:25:51] rocks and cables that attract
[00:25:54] lightning.
[00:25:58] In summer, it is much, much easier than in winter, clearly,
[00:26:02] but at the same time, having
[00:26:05] a very large area, it creates its own microclimate,
[00:26:08] this means that fronts that might
[00:26:11] rain lower down can snow here, I'm talking about July
[00:26:14] or August, no matter how hot it is, you never know how
[00:26:18] fast the weather will change, because it's not an exaggeration to say
[00:26:22] that in half an hour summer can turn into
[00:26:25] winter and there are many such changes that cannot even be predicted
[00:26:29] by meteorologists.
[00:26:33] The immensity of the mountain. envelops the traveler and draws him
[00:26:36] into a lunar landscape, with large slabs and rocks
[00:26:40] with strange shapes.
[00:26:51] We are at Lake Galbena, at 2200 m altitude,
[00:26:55] in the Făgăraș Massif. It is, in my opinion, the most beautiful alpine lake in
[00:26:59] the entire massif.
[00:27:06] Ioan Slavici, in his book "Bătrâni", said
[00:27:09] that here at Lake Galbena there
[00:27:13] used to be a monastery of
[00:27:14] nuns.
[00:27:22] Legend says that the Haiducs hid all the gold they had here,
[00:27:26] hence the name of the lake,
[00:27:27] "yellow".
[00:27:58] The grandeur of the Făgăraș Mountains earned them the name of
[00:28:01] the Alps of Romania, and a
[00:28:04] hike to Negoiu includes a little bit of
[00:28:08] all the beauties of the massif: glacial cirques and
[00:28:11] lakes, steep ridges,
[00:28:14] jagged rocks, eternal snows and
[00:28:17] landscapes that delight to ecstasy.