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Decree for submission for ratification of Croatia's Treaty of Accession to the EU, signed by President Basescu
Thursday, May 17, 2012
President Traian Basescu signed a decree on Wednesday for submission to the Parliament, for ratification, of the Treaty of Accession to the EU of Croatia, the Presidential Administration informs. 'President Traian Basescu signed on Wednesday, May 16, this year, the Decree for submission to Parliament, for ratification, of the Treaty between the Kingdom of Belgium, Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, ...
EC, ready to back up any measure necessary for a positive decision on Schengen by JHA Council in September
Thursday, May 17, 2012
The European Commission is ready to pass any measure that might be requested to ensure that the Council on Justice and Home Affairs (JHA) will take a positive decision in September, reveals the first half year report on Schengen activity, presented on Wednesday by the EU Executive, Agerpres informs.''Even though, in June 2011, the Council concluded that both Romania and Bulgaria officially met in full criteria for the ...
Orban informed the government about the risk of penalization of over 40,000 euro/day for the delay in the law of data retention
Thursday, May 17, 2012
The Minister of European Affairs Leonard Orban informed on Wednesday in the government meeting that the parliament has to pass by the end of this month the law regarding the retention of communication data, otherwise Romania risks to pay for each day financial correction of over 40,000 euro plus a sum of over one million euro.” I informed which are the risks connected to the non-implementation of the European directive regarding the retention of data. The ...
Voinea: the chances to get out of recession are significant
Thursday, May 17, 2012
Romania's chances to get out of technical recession are significant, as there are three quarters of economic growth generated by the increase of salaries for the budget-paid employees and the money the pensioners will get back as part of the CASS, Liviu Voinea, state secretary in the Ministry of Finances. " I think there are significant chances, I think there will be three quarters in a row of ...
Romania has a new representative with IMF: Serban Matei from BNR who replaces Tanasescu
Thursday, May 17, 2012
Serban Matei, the director of Department for market operations of the BNR will be the future representative of Romania to IMF to replace Mihai Tanasescu who will become the vicepresident of the European Bank for Investment (BEI). Matei will take the position at the end of the summer. He ...
Current account deficit decreases 43.7 percent in Q1 of 2012, to 544 million euros
Thursday, May 17, 2012
The current account deficit of the balance of payments decreased 43.7 percent in the first quarter of this year compared with same period of last year and reached 544 million euros, mainly due to the 52.2 percent increase in the current transfers surplus and to the approximately one quarter income balance deficit reduction, reads a release of the National Bank of Romania (BNR).The current account deficit in the first quarter of ...
BNR : Foreign investments dropped in the first quarter
Thursday, May 17, 2012
Foreign direct investments totalised for the first quarter 425 million euro, dropping against the value of 444 million euro of the same period of last year. According to the data published by BNR, the shares to consolidated capital with the net loss estimated were worth 396 million euro, and the inter-group loans were worth 29 million euro. The foreign direct investments financed 78.1% of the ...
U.S. Embassy Promotes Energy Efficiency in Romania
Thursday, May 17, 2012
The U.S. Commercial Service of the United States Embassy is hosting a seminar on “Energy Efficiency and Modern Infrastructure Solutions” on Thursday, May 17, 2012. Buildings are ...
Romania's defence industry downsized from 22 to 7 companies that include strategic capacities
Thursday, May 17, 2012
Only 7 out of Romania's current 22 weapons and military equipment producing companies will be preserved, and these will include the strategic capacities; the rest will be privatized according to the strategy for the defence industry's reorganization, head of the Directorate for the Defence Industry and Special Matters of the Ministry of Economy, Commerce and Business Environment Mircea ...
Gov't contemplating modifying mineral royalties
Thursday, May 17, 2012
The Government is contemplating modifying the mineral royalties levied on corporations, in the period immediately ahead, given that Romania's mineral royalties are five times lower than the European averages, Prime Minister Victor Ponta told Pro TV commercial television channel in an interview aired on Sunday.He said he is dissatisfied with the fact that the average mineral royalties in Romania are 4 percent, compared with European averages of 20 ...
