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Iohannis în Brussels: Allies appreciate that Romania has already allocated 2 percent of GDP for defence

Friday, May 26, 2017

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President Klaus Iohannis stated on Thursday that Romania has achieved its goals at the summit of NATO Heads of State and Government in Brussels. "I am convinced that this meeting helped to ensure ...

EurActiv: EU, US to set up joint task force to make progress on trade in Trump era

Friday, May 26, 2017

The European Union and the United States agreed on Thursday (25 May) to set up a joint delegation to increase trade cooperation, after the EU-US free trade deal negotiations were put on ice with the election of Donald Trump, euractiv.com reports. The EU and the United States have launched talks for a Transatlantic Trade and Investment Partnership (TTIP) under then-President Barack Obama, but progress was delayed by public ...

Poroshenko intends to hold meeting with Romanian president in Chernivtsi region

Friday, May 26, 2017

President Petro Poroshenko intends to hold a meeting with President of Romania Klaus Johannis in the Chernivtsi region in 2-3 months, kyivpost.com informs. “I had a telephone conversation with Klaus Johannis, the president of Romania, and suggested that instead of meeting in Kyiv we meet at the border (…) We agreed that it would happen in 2-3 months,” Poroshenko said at a meeting in Volyn Regional State Administration in Lutsk on ...

Prince Charles will receive Doctor Honoris Causa of Babes Bolyai University in Cluj

Friday, May 26, 2017

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   The Babes-Bolyai University (UBB) will bestow on His Royal Highness Charles, Prince of Wales, the Doctor Honoris Causa title, within a solemn ceremony that is to take place on 29 ...

PSD's Dragnea will ask explanations from Junker for the Commission's

Friday, May 26, 2017

The Speaker of the Deputies' Chamber, Liviu Dragnea, Social-Democrats' national leader on Thursday night told the private TV broadcaster RomaniaTV that he will send an official letter to the President of the European Commission, Jean Claude Juncker demanding explanations for the Commission's "attitude" concerning the critical prognosis on our ...

IMF Executive Board Concludes Article IV Consultation with Romania and Ex-Post Evaluation of Exceptional Access Under the 2013 Stand-By Arrangement

Friday, May 26, 2017

On May 22, 2017 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Romania. Romania saw strong economic growth in 2016, resulting in a closed output gap. Private consumption was boosted by an expansionary and pro-cyclical fiscal policy and wage increases, a statement sent to ACTMedia by IMF reads. The cyclically adjusted budget deficit grew by 1½ percent of GDP in 2016, reflecting large tax ...

Central bank keeps legislative instability among risks to financial stability, yet downgrades it

Friday, May 26, 2017

In its latest Report on Financial Stability the National Bank of Romania (BNR) maintains legislative instability among the risks, yet places it in the 'moderate, declining' category, central bank governor Mugur Isarescu on Thursday told the conference for the presentation of the respective Report. "In the current report you will see that the risk of ...

Euro trades at 4.5496 lei on Thursday

Friday, May 26, 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 ...

Romania sells planned 500 mln lei of June 2021 treasury bonds

Friday, May 26, 2017

Romania sold a planned 500 million lei ($123.29 million) worth of June 2021 treasury bonds on Thursday, with the average accepted yield at 2.31 percent, central bank data showed, Reuters correspondent reports. Debt managers last sold the issue in ...

Jan-Apr cons budget surplus rises to 0.17%/GDP

Friday, May 26, 2017

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The general consolidated budget ended the first four months of 2017 with a surplus of 1.35 billion lei, or 0.17pct of the GDP, given that revenues of 80.1 billion lei (9.8pct of GDP) were 8.4pct higher than in the same period of the previous year, according to data released on Thursday by the Ministry of Public Finance ...

The setting up of Commercial Diplomacy Chamber with the Kingdom of Spain

Friday, May 26, 2017

The economic and commercial relations between Romania and Spain will also be promoted through the recently established Commercial Diplomacy Chamber with the Kingdom of Spain, an NGO that is aiming to also support the collaboration in tourism, agriculture, scientific research, healthcare, telecommunications, fight against corruption, intellectual property and consumers' ...

Eric Stab (FIC) speaks out on criticism over foreign investors in Romania: “If you are feeling stigmatized, you tend to react adversely”

Friday, May 26, 2017

Eric Stab, the president of the Foreign Investors’ Council, says that foreign investors in Romania have been stigmatized at the end of last year and the beginning of this year, underlining the fact that it is crucial for an investor to fell welcomed in a host country. “Towards the end of last year and at the beginning of this year, we have had a number of messages, complaints by various decision-makers of this country, which were ...

FIC Survey: Exports and imports of FDI companies have been rising steadily since 2009 in nominal value, except for 2012

Friday, May 26, 2017

Companies with foreign direct investments (FDI) account on average for 70 pct of Romania's exports and 60 pct of the country's imports, respectively, shows a joint survey by the Bucharest Academy of Economic Studies and the Foreign Investors Council ...

FCB's study: Bucharest City, 5th in TTTI 2016 of the world's cities with the heaviest traffic congestions

Friday, May 26, 2017

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Bucharest City is ranked 5th in the TomTom Traffic Index 2016 (TTTI) of the world's cities with the heaviest traffic congestions, with the higher use of personal vehicles to the detriment of other means of mass transit, heavy traffic and the absence of parking places being seen as the city's main problems by its denizens, reads a study released on Thursday by the ...

President Iohannis to attend on Thursday the meeting of NATO heads of state and government in Brussels

Thursday, May 25, 2017

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President Klaus Iohannis will attend on Thursday the meeting of NATO heads of state and government in Brussels, context in which he will point out, among others, that Romania is a predictable, serious and responsible ally and will endorse the enhancement of the Alliance's role in fighting terrorism. The head of state will have, on the sidelines of the ...

PM Grindeanu : Romanian Army's endowment programmes will unfold in accordance with NATO strategy

Thursday, May 25, 2017

 Prime Minister Sorin Grindeanu on Tuesday night told the B1TV private broadcaster that the Romanian Army's endowment programmes will unfold in accordance with NATO strategy, based on the Parliament's approval, and with the wish that most of the funds allocated to this field, RON 16 billion, respectively on 2017 to be invested for the ...

Estonia's Prime Minister Juri Ratas,welcomed at the Cotroceni Presidential Palace

Thursday, May 25, 2017

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Romania's President Klaus Iohannis on Wednesday welcomed Estonia's Prime Minister Juri Ratas at the Cotroceni Presidential Palace, underscoring the importance attached by Romania to the NATO defence and deterrence posture being consolidated on the eastern flank, including at a summit of NATO heads of state or government scheduled for May 25 in Brussels. The ...

PM Grindeanu: Romania and Estonia have similar visions regarding EU's future

Thursday, May 25, 2017

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Prime Minister Sorin Grindeanu professed on Wednesday, at the end of the meeting with his Estonian counterpart, Juri Ratas, on an official visit to our country, that Romania and Estonia have similar visions and uphold the importance of consensus and inclusiveness in the thinking process related to the European Union's future. In the context of Estonia's ...

Reuters: Romania opposes multi-speed EU, new mechanisms for Hungary and Poland

Thursday, May 25, 2017

Romania believes moves toward a "multi-speed" European Union could cause divisions in the bloc, and does not favor the creation of new mechanisms to address rule-of-law issues in Hungary or Poland, its foreign minister said on Wednesday quoted by Reuters correspondent. The idea of closer integration has been gaining ground among the EU's richer western states since Britain decided last year to quit the bloc, but newer, ...

Voinea (BNR): economic growth over the potential, with focus on the consumption does not rely on loans

Thursday, May 25, 2017

Economic growth over the potential, with focus on consumption does not rely on loans, and the financial cycle is at present separated from the economic one, stated on Wednesday Liviu Voinea, vice-governor of the central bank -  BNR, in a conference organised by Coface. ‘The financial cycle is at present partially separated from the economic cycle, was left behind. It is not a characteristic of Romania only and always after a financial crisis ...

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