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PM Ponta arrived in Beijing into a three-day visit to China

Monday, September 1, 2014

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Prime Minister Victor Ponta has arrived on Sunday in Beijing, heading a delegation that also includes Ministers Liviu Dragnea, Daniel Constantin, Ioan Rus and Constantin Nita into a three-day visit to China, following an invitation of the Chinese Premier Li Keqiang.Ponta is also accompanied ...

President Basescu: The CSAT of 3rd September will not concentrate on Ukraine but on the NATO Summit

Monday, September 1, 2014

President Traian Basescu stated on Thursday at Cotroceni Palace, after a press statement regarding the situation in Ukraine that the next the Supreme Council for Country's Defence (CSAT) meeting will take place on 3rd September and the agenda will not include talks about Ukraine, the head of state mentioning that this meeting will prepare the NATO Summit. ‘ The Supreme Council of ...

Traian Basescu: Rationally, there is no danger to Romania; we have to be prepared for the irrational

Monday, September 1, 2014

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Romania's President Traian Basescu said Friday, in relation to the latest developments in Ukraine, that rationally, there is no danger to Romania, but he insisted that Romania has to be prepared for the irrational as well.'I have no doubts that the North-Atlantic Alliance will work and that the guarantees for the application of Article 5 are a given that can no longer be called into question. In my analysis, there is rationally no ...

Basescu: ISIL, the biggest danger to the Christian world

Monday, September 1, 2014

Romania's President Traian Basescu on Friday said that the Islamic State of Iraq and the Levant (ISIL) is the biggest danger to the Christian world, adding that Romania will have to be part of a strategy related to this when such strategy is devised.'In my opinion, besides the emotions the conflict in Ukraine generates in us, where the Russian Federation is responsible for what happens, the greatest danger to the Christian world, to the ...

Hellenic National Defence General Staff Chief: Defence budget places us in a 4-NATO states' club

Monday, September 1, 2014

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Greece is 'very preoccupied' with the NATO flank in Eastern and South Europe, General Mikhail Kostarakos, the Hellenic National Defence General Staff's (HNDGS) Chief tells Agerpres in an interview.'The political volatility and the stability level's degradation we are facing in the countries of this region bring threats to the security, affecting not only the neighbouring countries,' the Greek official adds.General Kostarakos ...

The government allocates 7 million lei for the ministry of development, 6 million lei for monasteries and 1 million lei for ICR Beijing

Monday, September 1, 2014

The government decided the allocation from the Reserve Fund of the sum of 7.18 million lei for the ministry of development for local administration, the sum of 6 million lei for two monasteries and one diocesan centre, as well as almost one million lei for the setting up of the Romanian Cultural Institute in ...

Former executive Goldman Sachs, interested by Banca Carpatica

Monday, September 1, 2014

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  The investment fund JCFlowers, set up by a former partner and executive to Goldman Sachs competes with AnaCapand Axxess Capital to enter into the shareholding of the Banca Comerciala Carpatica whose manager opts for merger with another banking institution, according to several sources, says ...

The Competition Council analyses the taking over of the Millennium bank by OTP Bank

Monday, September 1, 2014

  The Competition Council analyses the taking over of the subsidiary in Romania of the Portuguese bank Millennium bcp by OTP Bank Romania, member of the Hungarian group OTP through which there follows an economic concentration, announced the authority on Wednesday.OTP Bank Romania signed at the end of July a contract for the acquisition of 100% of the shares of Millennium Bank Romania, the worth of the trading being 39 million ...

A third of Romanians trust banks and less than a half consider they are well informed in the field

Monday, September 1, 2014

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Only a third of Romanians trust banks and more than a half declare they are a little or very little informed about the financial system, and those who want to save say interest rates offered are too small and one needs a lot of money to deposit it in banks, according to a study made by the Fund for the Guarantee of Bank Deposits based on an opinion ...

Monetary indicators - July 2014

Monday, September 1, 2014

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According to the BNR data, at end-July 2014, broad money (M3) amounted to RON 240,739.5 million, up 0.4 percent month on month. In year-on-year comparison, broad money rose 6.6 percent (5.6 percent in real terms). Table 1. Monetary aggregates* ...

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