#SOPASTRIKE

Announcement regarding your YouTube ads payments

Hey Partner,

You probably noticed in the past that monthly YouTube earnings payments occurred on a different timeline (about 60 days after they were earned) than AdSense earnings payments (about 30 days after they were earned). We are excited to announce that starting this month and moving forward, payments from both YouTube and AdSense will occur on the same 30-day cycle.

What this means is that your YouTube earnings for July will arrive this month rather than next month as they would have under the former earnings payment schedule. Many partners will see a larger-than-normal payout in August since they will be receiving their June and July YouTube earnings, plus their normal (July) AdSense earnings. In September and beyond, both YouTube and AdSense earnings will be on a 30 day cycle and payouts will be back at normal levels.

For more information, please view our Help Center article here.

Sincerely,
The Google AdSense Team

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Arms depot catches fire in Russia, over 28.000 evacuated !

"Over 28 thousand people were evacuated from their homes in Russia's Volga republic of Udmurtia as fire fighters battled a raging blaze and blasts in an underground arms depot storing 10,000 tonnes of shells.

Thirty people were injured in the series of blasts at the depot as more than 100 fire fighters tried to control the fire raging since last night, the regional emergencies officials said.

This is the second ammunition dump blast in a week in Russia.

Last week in Udmurtia's neighbouring republic of Bashkortostan, fifty houses were razed to the ground, and 160 people were left homeless as a result of powerful explosions at another ammunition depot.

Last night at around 1:20 am IST (11:50 pm Moscow time) shells began to explode in the artillery depot belonging to the army's missile and artillery munitions disposal facility near the village of Pugachevo in Udmurtia.

Almost 10,000 people were evacuated overnight from the town of Agryz in the neighbouring Republic of Tatarstan, as the area was declared to be within the blast wave radius.

The city residents were allowed to return to their homes in the morning, RIA Novosti reported.

The blast-hit facility stores from 5,000 to 10,000 railway carriages with various ammunition. It is believed that 18 storage facilities are on fire.

A total of 200 personnel, 30 fire fighting units and three fire fighting trains have been deployed, although it was early to move them to the still exploding depot, Vesti TV channel said.

The Russian emergencies ministry has also rushed two Il-76 fire fighting aircrafts, each able to carry 42 metric tons of water.

The accident has forced the ministry to temporarily close the Yelabuga-Izhevsk zone of the M7 federal highway, connecting Moscow and Ufa, the capital of the Urals republic of Bashkortostan.

The nearby railway line was also closed." source DNA

World’s Oil Giants Have Their Eyes Set On Romania

"France’s Total, US Exxon and Chevron, as well as Russia’s Lukoil are the oil giants that have in the past year set their eyes on Romania, trying to spot potential hydrocarbon reserves both on land and in the Black Sea.

France’s Total, US Exxon and Chevron, as well as Russia’s Lukoil are the oil giants that have in the past year set their eyes on Romania, trying to spot potential hydrocarbon reserves both on land and in the Black Sea.

Though Romania's entire territory has been deeply probed in the black gold race in the over 150 years of oil drilling, the domestic market is still catching the eye of some large players, being one of the few places in the region where crude oil can still be found.

New entries on the list of companies interested include Total and Chevron, which have asked the National Mineral Resources Agency (ANRM) for several exploration permits for certain areas in Romania.

Dorin Cojocaru, head of the general department of management, assessment and leasing for resources and oil reserves with ANRM, says these giants' interest in the domestic market can be accounted for by the existence of some proven oil and gas reserves. This, in turn, points to the presence of a new reserve potential.

Aside from, Total and Chevron, ExxonMobil is already seeking oil in the Black Sea together with Petrom, Romania's largest company, and it will be joined by Russia's Lukoil.

Last year, the ANRM held the tenth round of oil perimeter allocations, at the end of which there were 20 areas leased. However, works cannot start until agreements undergo an intricate series of approvals." by ZF

Un an de la anunţul care a împins economia înapoi în recesiune după ce guvernul fusese incapabil să restructureze sectorul de stat

"Joi 6 mai 2010, ora 18:00. O tensiune generală cuprinsese România după două săptămâni în care prezenţa misiunii FMI la Bucureşti alimentase scenarii care mai de care mai negre privind măsurile de austeritate care în sfârşit trebuia luate pentru oprirea hemoragiei bugetare.

Majorarea cotei unice, ma­jorarea TVA, ma­jo­ra­rea concomitentă a TVA şi a cotei unice, tă­ierea salariilor, tăie­rea pensiilor, majorarea impozitului pe profit - variante peste variante se rosto­go­­liseră în ultimele zile în me­dia.
Au­to­­rităţile le negau neconvingător, me­diile de afaceri începeau să aibă fri­soane, dar emisarul FMI Jefrrey Franks îşi păstra zâmbetul larg.
Preşedintele Traian Băsescu nu zâm­bea însă când televiziunile au în­ce­put trans­misiunea în direct de la Cotro­ceni de după discuţia finală cu delegaţia Fondului Monetar.

Soluţia aleasă cade sec: de la 1 iunie sa­lariile din sectorul bugetar scad cu 25%, pensiile se reduc cu 15%, ajutorul de şomaj scade tot cu 15%. Alegerea tă­ierii abrupte a salariilor este prezentată în contrast cu o alternativă terifiantă, denu­mită "varianta neîn­cre­derii": creşterea TVA de la 19 la 24% şi a cotei unice de la 16 la 20%, concomitent cu reducerea salariilor în sectorul bugetar cu 20%.

Era preţul aruncat în spinarea econo­miei după mai bine de un an în care gu­ver­nul Boc se dovedise inca­pabil să pu­nă stavilă creşterii chel­tu­ielilor buge­tare şi adâncirii deficitului, pierzân­du-se în discuţii nesfârşite pe măsuri paliative şi pro­grame de relansare economică ră­mase pe hârtie.

Mediul de afaceri trebuia să fie fericit că fusese evitată opţiunea majorării TVA. Şi a fost cât de cât, chiar dacă im­pac­tul asupra consumului era puternic, dar numai până la sfârşitul lunii iunie, când s-a ajuns tot la un fel de "variantă a neîn­crederii" prin majorarea dramatică a TVA cu cinci puncte procentuale, până la 24%.

Tăierea salariilor din sectorul buge­tar venea tocmai într-un moment în care eco­nomia începuse să dea ceva semne de re­venire şi majoritatea oamenilor de busi­ness şi a bancherilor aşteptau adevă­rata relansare în semestrul al doilea. Dar n-a fost să fie.

Culmea, nici FMI - care optase pentru majorarea taxelor - nu a vrut să-şi asume reducerea salariilor cu 25%.

Băsescu şi-a asu­mat însă întreg pro­gra­mul, care beneficia şi de susţinerea BNR prin guver­na­torul Mu­gur Isărescu, care participase la toate discuţiile.

Decizia venea în contextul în care mai la sud, în Grecia, pierderea credibi­li­tă­ţii externe zdruncina o ţară întreagă care se vedea nevoită să aplice tăieri du­re­roase în încercarea de a evita colapsul fi­nanciar şi economic. Automat, compa­niile au început să-şi reso­cotească planurile de vânzări, ban­cherii au început să pregătească restruc­tu­rarea creditelor acordate angajaţilor buge­tari şi să pună bani deoparte pentru pro­vizioane. Dintr-o dată, tot scenariul re­lansării din semestrul al doilea a în­ce­put să se fi­su­reze, iar pesimismul îşi pro­iecta din nou faţa întunecată asupra economiei.

Adevăratul şoc a venit însă două luni mai târziu: soluţia tăierii pensiilor a picat la Curtea Constituţională, bugetul avea ne­voie urgentă de banii de la FMI, aşa că la sfârşitul lunii iunie a picat trăsnetul, aruncând în aer promisiunea din mai "nu mă­rim taxele": TVA creşte de la 1 iulie de la 19% la 24%.

Şi aşa s-a scris istoria recăderii econo­miei în recesiune.

Da, cheltuielile bugetare au început să scadă, încasările statului au început să creas­că, banii de la FMI şi Comisia Euro­pea­nă au continuat să vină în România, băn­cile au finanţat statul pe măsura ne­voi­lor, însă căderea economică s-a tot agravat.

Datele oficiale urmează să probeze săptămâna viitoare vestea trecerii pe creştere în trimestrul I din 2011. Încă o dată speranţele economiei se duc spre a doua jumătate a anului.

Consumul a căzut de la o lună la alta, cre­ditul s-a prăbuşit, investitorii au fugit de pe bursă, inflaţia a intrat pe o pantă as­cen­dentă, companiile au recurs la con­cedieri pentru a-şi ajusta cos­tu­rile, multe au tras obloa­nele.

"Dezastru" a fost cuvântul care a ţâşnit de pe buzele antre­prenorilor când au au­zit de majorarea TVA. Chiar şi minis­trul de fi­nanţe de la acea vre­me Sebastian Vlădes­cu a calificat măsura drept o "eroare economică", deşi îşi puse­se sem­nătura pe ordonanţa de ur­genţă. BNR nu a contestat-o, deşi i-a spul­berat ţinta de inflaţie pe cel puţin doi ani.

Rezultatul sta­tis­tic: economia a scăzut în 2010 pentru al doi­lea an la rând, cu încă 1,3% după căderea de 7% din 2009, iar Ro­mâ­nia a rămas singura ţară mem­bră a UE din regiune prinsă în mlaştina recesiunii.

Astăzi, FMI se declară mulţumit de "stabilizarea" economiei, România a evo­luat la un tip de acord preventiv cu in­sti­tuţia financiară de la Washington, însă în lumea reală sentimentul redresării nu-şi găseşte mult suport printre oamenii de business.

Creditarea continuă să scadă, in­fla­ţia tre­ce de 8%, dobânzile la euro in­tră pe o pantă ascendentă din cauza influenţelor ex­terne, comerţul cu amă­nuntul rămâne pe minus, doar expor­tu­rile rămân să tra­gă economia afară din recesiune.

Salariile bugetarilor au fost tăiate, dar pierderile din marile companii de stat nu au dispărut, ba chiar continuă să creas­că în unele cazuri. Statul nu a fost ca­pabil să elimine arieratele, agravând ast­fel blocajul financiar, şi de-abia acum în­cearcă să strângă o situaţie exactă a fac­turilor neplătite, motiv pentru care rapor­tă­rile statistice către Bruxelles au devenit subiect de scandal de presă.

"Anul care a trecut (ultimele 12 luni - n. red.) a fost un an de reducere a con­su­mului şi un an de scădere pentru economie în ansamblu. A fost un an dificil atât pentru retaileri, cât şi pentru restul lumii. Pentru ce a rămas din acest an eu am preconizat o revenire pe final şi sper să am dreptate", spune Alexandru Vlad, director executiv al Selgros Cash&Carry România.

Lovitura dată consumului este greu de estimat cu precizie, însă se învârte la cel puţin două miliarde de euro. France Tele­com, proprietarul Orange, a avansat pen­tru 2010 un impact de 1,8 mld. euro re­zultat din tăierile de salarii plus majorare de TVA, pe fond de recesiune." sursa ZF

EIB: Romania Registers Delays In All Stages Of EU Fund Absorption Process

"Romania registers delays in all phases of the EU fund absorption process, also because financing must be ensured before projects are approved, Thursday said Milena Messori, head of the European Investment Bank's office in Bucharest.

Messori said delays appear in the public procurement process, which is frequently contested, as well as in the implementation phase.

She pointed out the European Investment Bank did not impose a cap on the sums it may grant to Romania.

The EIB official stressed that the Government changed its EU fund absorption strategy from proposing new projects to using the sums already approved by EIB, the European Union and other financial institutions.

Messori said the fact projects are not approved unless financing is ensured first causes delays in the fund absorption process. She highlighted that in Poland the fund absorption process is successful, as applications to obtain funds for investments are filed after projects are approved.

A study compiled by consultancy firm KPMG reveals that Romania's European fund absorption continues to be the lowest in Central and Eastern Europe (CEE), with especially low payment ratios recorded for transport and environmental programs.

The study says Romania paid grants of only EUR1.5 billion by the end of 2010, or 7% of the EUR23.3 billion budget available for 2007-2013 through seven operational programs, from the European Regional Development Fund, the Cohesion Fund and the European Social Fund." by ZF

Bucharest Subway Operator Goes Shopping For Power

"Metrorex, the operator of the Bucharest subway network, intends to buy one year’s worth of electricity for 52 million lei (EUR12.6 million), according to a company announcement.

It wants to buy 180,000 MWh from September 1, 2011 through August 31, 2012 by open tender; the contract goes to the lowest bidder.

This is the amount of power Metrorex needs in one year. The deadline to submit bids is July 4, 2011.

Metrorex is currently buying power from Petrod, one of he biggest electricity traders in Romania, held by businessman Jack Cutisteanu.

"The contract was supposed to expire in June. Metrorex tried to organize a tender but no one came so that we negotiated the extension of the contract by three months until the end of August," Cutisteanu said.

"We are interested in this tender, because power trading is how we make a living," Cutisteanu said.

Considering the amount of power sought, the price Merorex is willing to pay is about RON289/MWh. On the OPCOM energy market, one MWh can be bought for about RON235 (next day delivery), while in case of long-term contracts, the price of power for 2012 is RON169.3 per MWh.

"Metrorex's price is reasonable. The prices displayed on OPCOM are mere power prices, but there are also other services that make up the final price per MWh besides them," explained Ion Lugu, general manager of CEZ Trade, the energy-trading unit of CEZ Romania." by ZF

Marfin Bank Posts EUR1M Loss In Romania In First Quarter

"Cyprus' second largest lender Marfin Bank Thursday said it has switched to first-quarter loss of EUR1 million in Romania, from net profit of EUR300,000 a year earlier, on lower revenues.

Marfin Bank said total revenue fell 34% on the year to EUR6 million in the first quarter. Revenue from interests was down 19% to EUR5 million.

Earnings before provisioning more than halved to EUR2 million in January to March, from EUR4.7 million in the year-earlier period.

The bank booked provisions on the local market worth EUR3.3 million, down from EUR4.2 million in the same month of 2010.

Worldwide, Marfin Bank reported a 70% increase in net profit to EUR71 million in the first quarter." by ZF

World Bank Lends Romania EUR500M For Social Assistance Reforms

"The World Bank’s Board of Executive Directors on Thursday approved a EUR500 million loan to support a social assistance program of Romania’s government estimated at EUR5.5 billion.

"Through this project, the World Bank is partnering with Romania to support the implementation of Romania's Social Assistance Reform Strategy, which was adopted by the Government in March 2010," the bank said in a news release.

It said the project's objective is to improve the overall performance of Romania's social assistance system by strengthening performance management, improving equity and administrative efficiency, and reducing error and fraud.

The project will focus on the government's programs for low-income households and vulnerable groups. The share of overall social assistance funds going to the poorest quintile is projected to increase from 37.7% in 2009 to at least 45% in 2014.

"The Government of Romania has launched an ambitious and comprehensive social assistance reform program," says Peter Harrold, Country Director for Romania at the World Bank.

"The World Bank welcomes the opportunity to work with the Government in implementing this program. We have together designed an innovative approach to achieving these ends, through the provision of financial support as each of twenty well-specified results are achieved in the Government's reform program for this key area."

The bank also said that the implementation of the Social Assistance Reform Strategy will bring the fiscal cost of social assistance programs in line with the level of the new EU member states, and will contribute to the fiscal sustainability of the social protection spending.

The approved project is a EUR500 million "results-based" specific investment loan over a three year period, supporting the Government of Romania's Social Assistance Program estimated at EUR5.5 billion." by ZF

Bankers, replaced in salary ranking by fuel and metal sellers

"Bankers, who in 2009 dominated the top half of the ranking of the 10 biggest net salaries in Bucharest, were last year replaced by fuel and metal sellers or fund managers, who were new entrants.
At the same time, the total value of the biggest gains generated by persons in the top ten reached 11.6m lei (2.75m euros), 3.4 times less than the 2009 net receipts of 39.8m lei (9.4m euros), in line with data released by the General Department of Bucharest Public Finances (DGFPB).

Whereas in 2009 the five largest salary-type incomes registered in Bucharest were posted in the banking sector, in line with DGFPB final data, in 2010 the situation changed.

The only link with the financial sector in the ranking of the biggest salaries of 2010 was a person positioned fourth, who gained 1.17m lei for "Other financial intermediation deals".

The biggest net salary in Bucharest was earned by a fund manager of district 1, who gained 1.7m lei (0.4m euros), in line with DGFBP data. The monthly salary would in this case stand at 144,679 lei.

Ranking second in the 2010 top, with an annual gain of 1.55m lei, is a person of district four, who brokered sales of fuel, ores, metals and chemical products for industry.

Business and management consultancy brought a Bucharest inhabitant of district one 1.2m lei, a sum that brought him the third position in the ranking.

From metal and metallic ore wholesale, two Bucharest inhabitants of district 4 last year cashed in almost similar salaries, of 1.09m lei and 1.06m lei respectively, with which they entered the ranking directly on the fifth and sixth positions." by ZF

Mitsubishi: couriers and energy firms, interested in electrical cars

"Electrical car demand domestically is double the most "positive" initial estimates, with companies wanting both to improve their image and slash fuel costs.
"We're in talks with several clients that will acquire over ten i-MiEV electrical cars.
All these orders will materialise more or less depending on government incentives. We originally did not expect such a potential. We expected sales of less than five units this year," said Daniel Antor, an executive manager with M Car Trading, Mitsubishi importer domestically, part of Ţiriac Holdings.

Antor underscored there are already advanced talks underway with Bucharest and Constanţa city halls for the creation of an infrastructure, such as fitting loading stations in public parking lots.

The first client that acquired a Mitsubishi i-MiEV was the domestic unit of Mitsubishi Corporation, a company owned directly by the Japanese concern. Besides this, couriers, electricity firms and fuel distributors are also interested in electrical cars." by ZF

Rise in food prices takes inflation to new high: 8.34%

"The rise in food prices underestimated by analysts again, and compounded by the increase in electricity price took annual inflation to 8.34% at the end of April, after a 0.66% monthly increase.

Foods became 0.92% more expensive in April compared with March, while non-food prices went up by 0.87%.
On the other hand, service tariffs fell slightly by 0.42%, as a result of the appreciation of the leu against the euro and the dollar.

What were the highest price increases? Fresh fruit price leapt by 7.7% in April, while sugar and potatoes became 4.99% and 4.5% more expensive, and the flour price rose by 1.6%.

As for the non-food products, the highest price increase was that of electricity, which weighs quite a lot in the consumer basket, with the jump compared with March standing at 5%." by ZF

Romania still core of cancer drug business for Actavis

"Claudio Albrecht, CEO of Actavis drug maker, with 1.7bn-euro turnover in 2010, which owns Sindan plant in Romania, says a Swiss or an Austrian would not have the same results as the Romanian team, with Romanians having capacity for improvisation, being intelligent and well-trained.

On the Romanian market, one of the most important in CEE, Actavis expects annual average growth of 15-20% in the following years because it started from a "very small" base.

Last year, Actavis posted 93m-euro sales (including exports) in Romania. In Albrecht's opinion, the local drug market also has "huge" potential.

The Sindan plant Actavis owns in Bucharest now works at full capacity and is one of the biggest pharmaceutical exporters.

"The more we grow, the more we have to move to Italy (where Actavis owns an cancer drug production facility," said Albrecht, adding he does not have any plans for a greenfield investment now, but that on long term it remains to be seen whether the plant keeps its current location (in the centre of Bucharest) or not." by ZF

Lending revival: BCR collects 75,000 consumer loan applications in 6 weeks

BCR, the biggest bank on the Romanian market, has seen daily applications for consumer loans double in the six weeks since launching a campaign to promote leu-denominated funding with a fixed 12.5 % a year interest rate and a maximum deadline of 10 years, to 2,000-2,500 applications, totalling around 75,000, says Dominic Bruynseels, the bank's CEO.

"We have been pleasantly surprised by the demand we have recorded for this product and we apologise to clients who have to wait for an answer longer than a day, as we promise in the advert. The BCR has been perceived in the past few years as being outside the consumer lending market, but now we want to show that we are ready to lend money through this type of products, as well."

The head of the BCR specifies that around 35% of new loan volumes are accounted for by refinancing, but hopes this significant demand will also be reflected in an increase in the volume of retail loans, a segment that continued on a downward trend in the first quarter.

On the segment of mortgage loans, the BCR is awaiting approval of the central bank to join the fourth edition of the First Home scheme." by ZF