GEO 114 is changing. The government is preparing to issue a new emergency ordinance

[Angrry.exe™]

Liviu Dragnea stated on Saturday in Ialomita County that there were numerous discussions regarding the Government Emergency Ordinance 114/2018, with representatives of the banking system and of the companies managing pensions in Pillar II, reaching certain understandings.

 

Dragnea says next week there will be talks with energy and telephony companies, and in the week beginning March 18 an ordinance could be adopted to change the GEO 114, according to News.ro.

Liviu Dragnea was asked on Saturday, at Slobozia, if the OUG 114/2018 was amended and said that there had been many discussions in this regard.

"We have had banking meetings lately, and things have advanced to a solution that has been accepted by both parties, as we do not give up our goals that generated the 114th order. We are interested in the banking system to invest more in the Romanian economy, to support economic development and together we have found a mechanism to stimulate this, also starting from the idea that there is a very large difference between the deposits of the po[CENSORED]tion that are in the banks and the level of lending. The difference is very great and together we have established that important steps can be taken as the objectives we have been considering - better lending conditions for businesses and individuals, the level of financial intermediation to grow, banks to invest more much in economic growth, "said Liviu Dragnea.

He said a solution would also be found for Pension Pillar II.