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ForMin Aurescu: Strengthening and developing Strategic Partnership with US highly corresponds to national interest

Tuesday, June 30, 2015

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Foreign Affairs Minister Bogdan Aurescu on Monday in a speech delivered at the opening of the "135 years of Romania-US diplomatic relations" exhibition said that the Strategic Partnership between the two states corresponds, "at the highest level," to the national interest of our country and its citizens. He pointed out that the Romanian and the US troops ...

Conference on Germany and Romania as NATO security policy partners

Tuesday, June 30, 2015

The German Embassy in Bucharest and the New Europe College on Thursday hold a conference on Germany and Romania as NATO security policy partners to mark the 60th anniversary of Germany's NATO membership and 135 years of diplomatic ties between Romania and ...

Daianu: Banks with Greek shareholdership in Romania, regulated and monitored by BNR

Tuesday, June 30, 2015

The banks with Greek shareholdership in Romania are well capitalized, observe the rules and procedures set by the National Bank of Romania (BNR), which, in turn, can exercise the function of last-resort lender for banks in difficulty, Professor and Member of the BNR Board Daniel Daianu told Agerpres. ''The BNR can exercise the function of last-resort lender, ...

The head economist of BRD: Grexit would bring the depreciation of the leu by 5% but it could be avoided

Tuesday, June 30, 2015

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The most probable scenario regarding Greece is the keeping of the country in the euro zone, but in the event of a Grexit the effects on the leu/euro would be conjunctural and reversible, with a depreciation of the national currency, of almost 5%,the head economist of BRD Florian Libocor estimates. ‘ As the solution for the Greece issue be an exit ( a scenario very unlikely but less unlikely than six months ago) we will see tensions on the foreign ...

Analysts: BNR will keep the interest of monetary policy at 2.75% until the end of the year

Tuesday, June 30, 2015

The Romanian central Bank - BNR will keep the interest of monetary policy at 1.75 % until the end of the year estimates the Association of Financial-Banking Analysts in Romania (AAFBR) but for 2016 the analysts have divergent opinions, from a drop at 1.5% to an increase to 2.5% in December 2016. ‘According to the opinions expressed by the participants to a domestic survey in AAFBR, the BNR could keep the interest of monetary policy at 1.75% for ...

Real Estate: Searches for apartment sales in Romania increased 26pct year-on-year in the first five months of 2015

Tuesday, June 30, 2015

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The amount of searches for apartment sales in Romania increased 26pct year-on-year in the first five months of 2015; the most wanted were the homes worth up to 40,000 euros, according to an analysis carried by the specialized portal imobiliare.ro, sent on ...

Infrastructure: CNADNR- 1.7 billion lei needed for national road lowest viability conditions

Tuesday, June 30, 2015

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The National Company of Motorways and National Roads of Romania (CNADNR) has approved the 2015 Action Plan, the estimated necessary funds able to ensure the lowest viability conditions of national ...

Healthcare: Half of pharmacies operating in Romania may close down next year

Tuesday, June 30, 2015

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Half of the pharmacies may close down next year if medicine prices drop very much and that will not be in harmony with the clawback tax, said the president of the Association of Pharmaceutical Distributors and Retailers in Romania (ADRFR), Robert Popescu, at the Mediafax conference. He declared at the conference Mediafax Talks about Health Reform that ensuring in Romania the lowest European price for medicines, which is then affected by the clawback ...

Tourism: ANT allocates 8 million euros for Romania’s tourist promotion and opens Beijing office

Tuesday, June 30, 2015

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The National Authority for Tourism (ANT) will allocate 8 million euros from European funds for outdoor advertising and the participation in tourism fairs abroad. The government will contribute with 110,000 euros. “The sums allocated from the state budget for the promotion of tourism in 2015 amount to 508,000 lei. About 4 million euros are allocated from European funds for the purchase of outdoor advertising services for the implementation of ...

Trade: Top of Bucharest commercial centres: Baneasa, AFI and Unirea leaders according to rent incomes

Tuesday, June 30, 2015

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The 16 commercial centres in Bucharest have a total area of 1 million square meters and have exploitation incomes of 800 million lei/year. Mall sales represent 5.3 billion lei per year. The 16 Bucharest commercial centres which include Baneasa Shopping City, AFI Cotroceni, Sun Plaza or Bucharest Mall brought exploitation incomes of over 800 million lei last year, according to a ZF analysis based on the financial reports published with the Finance ...

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