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President Iohannis to hold political consultation to designate future PM

Monday, June 26, 2017

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minister. According to the Presidential Administration, on Monday, at 15:00hrs, representatives of the Social Democratic Party (PSD) and the Alliance of Liberals ...

Ludovic Orban (PNL): Liberals currently don't have any guarantee they can build a parliamentary majority

Monday, June 26, 2017

National leader of the National Liberal Party (PNL) Ludovic Orban stated on Friday in Iasi that the Liberals currently don't have any guarantee they can build a parliamentary ...

French President Emmanuel Macron to visit Romania in the upcoming period

Monday, June 26, 2017

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French President Emmanuel Macron will be visiting Romania in the upcoming period, representatives of the Presidential Administration said.President Iohannis met on Friday morning his French counterpart on the sidelines of the European Council summit in Brussels, ...

President Iohannis's conclusions at the end of a European Council meeting

Monday, June 26, 2017

Romania's President Klaus Iohannis said Friday in Brussels that everybody at the recently concluded European Council meeting agreed that the sanctions against Russia over Russia's annexation of Crimea should be extended."There is a matter that is certainly of ...

Iohannis on foreign investment control in Europe: Our know-how in Europe should be protected

Monday, June 26, 2017

 Romania's President Klaus Iohannis said Friday in Brussels, in connection with foreign investment control in Europe, that Europeans' know-how in the area should be protected. Iohannis made the statement responding to a question that the European Council summit meeting discussed foreign investment control in Europe in relation to fair protection and maintaining Europe's free trade agreements but with increased protection and better ...

Iohannis had a bilateral meeting with the Danish Premier, Lars Lokke Rasmussen

Monday, June 26, 2017

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President Klaus Iohannis on Thursday on the sidelines of the European Council in Brussels, had a bilateral meeting with the Danish Premier, Lars Lokke Rasmussen, at the latter's request, a release of the Presidential Administration ...

UK's Ambassador Brummell: We are Romania's friend and partner

Monday, June 26, 2017

The United Kingdom Ambassador in Bucharest, Paul Brummel stated on Thursday night, at the Queen's Day reception, that in the Brexit context, the UK remains "a friend and partner for Romania", said resigning Minister of Foreign Affairs Teodor Melescanu, referring to the two states' solidarity in the defence domain. At the opening of the reception, two Typhoon ...

Euro trades at 4.5673 lei on Friday

Monday, June 26, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Friday by the banks authorized to operate on the currency market is as ...

Connecting Europe Facility – Results of the 2016 Transport calls for proposals

Monday, June 26, 2017

In the context of the Investment Plan for Europe, the Connecting Europe Facility (CEF) plays a major role in stimulating European growth and jobs by bridging the investment gap in Europe, one of the Commission's top priorities, a statement release by EC last Friday reads. 152 projects, requesting a total of €2.7 billion in EU funding, were selected for funding. What are the types of projects which receive ...

Student population in the national education system in the 2016-2017 curricular year, by 45,300 less compared to the previous year

Monday, June 26, 2017

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The student population in the national education system in the 2016-2017 curricular year was a combined 3.597 million in pre-university and tertiary education, by 45,300 less compared to the previous year, the National Institute of Statistics (INS) said in a Friday ...

Coface: Construction firms in Romania hit by lack of infrastructure projects

Monday, June 26, 2017

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Constructions firms from Romania posted the highes debt level in 2016 since 2008, they have big issues on debt recovery and reduced their long term investments and the evolution of this sector in 2017 is affected by the lack of infrastructure projects, according to a study by Coface quoted by business-review.eu. Companies are facing a growth of the debt level in the last years, from 73 percent in 2008 to 86 percent in 2013, 2014 and 2015 up to 88 ...

Study: two thirds of the Romanians want to spend more in 2017

Monday, June 26, 2017

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The growth of the Romanian economy of 2016 encouraged  Romanian consumers and 62% of the interviewees stated that they want to spend  more this year, with 4 percentage points more than last year as the purchasing power was stable for 46% of the interviewees, the economy could grow strongly this year, and unemployment is expected to drop, explained the manager for sales and marketing in the French financial group BNP Pascal Roussarie, quoting data from the annual ...

POLITICAL AND CULTURAL RELATIONS BETWEEN ROMANIA AND SOUTH AFRICA

Monday, June 26, 2017

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This year, 2017, South Africa is celebrating 23 years of freedom and will also be celebrating the centenary of diplomat Oliver Reginald Tambo through an overarching theme “O.R. Tambo: Together deepening democracy and building safer and crime-free communities”. 27 April 2017 marks twenty-three years of democracy for the people of South Africa. According to a press release sent by the South Africa Embassy în Bucharest, both celebratory events are organised in ...

President to hold consultations Monday with parliamentary parties to designate new prime minister

Friday, June 23, 2017

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Romania's President Klaus Iohannis has sent on Thursday a letter to leaders of parties and groups represented in Parliament, inviting them to consultations early next week, at the Cotroceni Presidential Palace, in order to designate a candidate for the prime minister office. According to the Presidential Administration, on Monday, at 15:00hrs, representatives of the Social Democratic Party (PSD) and the Alliance of Liberals and Democrats (ALDE), ...

Twenty ministers files with PM Office to withdraw resignations

Friday, June 23, 2017

Governmental spokesperson Alina Petrescu said Thursday that 20 requests for the withdrawal of office resignations had been filed with the PM Office by ministers of the ousted Grindeanu Cabinet. She added that the requests lack a legal object, pointing to Law 90 concerning the organisation and operation of the Government. President Klaus Iohannis stated on Thursday in Brussels that the discussion on the Grindeanu Government ...

Orban (PNL): result of the no-confidence vote shows that ruling coalition has no absolute majority in the Parliament

Friday, June 23, 2017

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The result of the no-confidence vote shows that the Social Democratic Party (PSD) and Alliance of Liberals and Democrats (ALDE) ruling coalition has no absolute majority in the Parliament anymore, and this could allow the President to designate another candidate for Premier, the National Liberal Party (PNL)'s head, Ludovic Orban told the private B1TV on Wednesday night. "241 (the number of the MPs who have said Yes to the motion, ed. n.) means that the ...

DW Opinion: A theater of the absurd in Bucharest

Friday, June 23, 2017

* The governing coalition in Romania has ousted its own prime minister through a no-confidence vote. But the country's domestic political crisis is not likely to end anytime soon, writes DW's Robert Schwartz. Social democratic Prime Minister Sorin Grindeanu's small camp of loyalists could barely hide their embarrassment ...

MPF estimates budget deficit of 3.25% of GDP in 2017

Friday, June 23, 2017

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The Ministry of Public Finance (MFP) estimates budget deficit of central public administration at 3.25% of GDP in 2017, calculated based on cash data by applying EU methodology, according to the Administration strategy of government public debt for 2017-2019, posted on MPF website on Thursday. Economic growth is foreseen at 5.2% and nominal GDP of 816.5 billion lei. Current account deficit was estimated at 2,4% of GDO and inflation at 1.9% by the end ...

Euros trades at 4.5915 lei on Thursday

Friday, June 23, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Thursday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL RON 1 Euro EUR 4.5915 1 US dollar USD 4.1096 1 Swiss franc CHF 4.2240 1 British pound GBP 5.2031 100 Japanese yen JPY 3.6998 1 Moldovan leu MDL 0.2254 1 Russian rouble RUB 0.0686 1 new ...

Romania sells 800 mln lei (174 mln euro) of 2019 T-notes, yield falls

Friday, June 23, 2017

Romania on Thursday  sold a planned 800 million lei ($195 million/174 million euro) worth of Treasury notes maturing on February 25, 2019, central bank data showed quoted by seenews.com. The average accepted yield was 1.18%, down from 1.36% achieved at the previous auction of government securities of the same issue held in May, the data indicated. Demand for the T-notes, which carry an annual coupon of 1.35%, rose to 1.75 ...

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