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Iohannis pays a one-day visit to Chisinau on Friday

Friday, November 28, 2014

President-elect Klaus Iohannis pays a visit to Chisinau on Friday, on which occasion he will meet Republic of Moldova President Nicolae Timofti and Democratic Liberal Party Chairman Vlad ...

Serbia-Romania border checkpoint to boost cultural and commercial ties

Friday, November 28, 2014

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A new border checkpoint opened between Serbia and Romania, the first in 24 years, facilitates ethnic and economic contacts between the Serbian and Romanian minorities living across the borders and enhances friendly relations between the two countries, officials said.   The Lunga-Nakovo border point was inaugurated on November 8th in a ceremony attended by both countries' prime ministers. The checkpoint, which took only 10 ...

Isarescu: We fulfill all five Maastricht criteria but we won’t adopt euro too soon

Friday, November 28, 2014

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Romania has reached macro stability and fulfils all 5 convergence criteria from the Maastricht Treaty. However it will not join euro currency two years from now, says BNR governor Mugur Isarescu. “We have macro stability in Romania, all five criteria have been fulfilled. But although we have all Maastricht criteria we cannot speak about adopting euro, not even two years from now. Now we should preserve the five criteria,”said Isarescu at ...

President of Fiscal Council: 2% of GDP must be covered for CAS reduction and other measures

Friday, November 28, 2014

The government has to cover 2% of GDP for 2015, a hole made by the drop of CAS and other measures adopted recently, to which can be added the reduction of budget deficit for the assumed target of 1.4%, said Ionut Dumitru, the president of the Fiscal Council.   “We do not know how this amount will be covered. There will be negotiations with IMF, I don’t know whether the 2015 target is negotiated, but we should ...

The reduction of expenditure for investments kept the budget on the plus in October

Friday, November 28, 2014

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The budget closed on 31 October for the second month in a row on a plus which went up from 0.06% of GDP in September to 0.29% in GDP as the increase of income and the reduction of expenditure for investments against the first ten months of 2013. The government has as ...

Analysts: Romania needs accelerated economic growth and good policies to adopt euro

Friday, November 28, 2014

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  Romania should reach real convergence to adopt euro, with fulfilled Maastricht criteria. It needs an accelerated economic growth of 5% to adopt euro in 2019, an ambitious but impossible project without efficient policies, analysts say.“If we intend to adopt euro, we can do it only by continuing this convergence process in an accelerated way, which means economic growth of 3-4% and even 5% in order to adopt euro in 2019, “said Radu ...

The executive directors in Romania gain on average 118,000 euro per year

Friday, November 28, 2014

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An executive director in Romania gains on average 117,900 euro per year, the Romanian market showing an increase of the salary package of 6-8% as the advance at world level was of 3-4% against last year, a study of the company Pedersen&Partenrs showed. ‘For ...

Former minister Ecaterina Andronescu indicted in Microsoft case

Friday, November 28, 2014

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The National Anti-corruption Department (DNA) indicted on Thursday former Minister of Education Ecaterina Andronescu in the Microsoft licensing case."I didn't give a statement. I had a discussion with Ms. Prosecutor. I am suspected of abusing office," Andronescu said upon leaving the DNA seat. She denied having been indicted ...

38 percent asylum applications less in 2014 compared to previous years

Friday, November 28, 2014

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 The number of asylum applications filed by foreign nationals is 38 percent less in 2014 compared to previous years, said the head of the General Inspectorate for Immigration, Police Chief-Quaestor Nelu ...

Foreign Minister Aurescu, U.S. chargé d'affaires Thompson discuss Strategic Partnership guidelines for 2015

Thursday, November 27, 2014

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Minister of Foreign Affairs Bogdan Aurescu received on Wednesday U.S. chargé d'affaires a.i. in Bucharest Dean Thompson, whom he assured, in his new capacity as chief diplomat, of the Foreign Ministry's full support, reiterating the desire of the Romanian authorities to develop and deepen the Strategic Partnership with the ...

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