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Fiscal Council head: Romania’s public finances risks negative budget adjustment this year

Tuesday, March 7, 2017

The Government will have to take measures for the budget adjustment if the figures will still be bad after 3 months as at the end of January, with drop in revenues and a weak collection eate, business-review.eu informs. The budget adjustment can be done in July the earliest, with the possibility of reducing expenses or increase the revenue, which are the lowest from Europe, said the president of the Fiscal Council, Ionut ...

Euro trades at 4.5323 lei on Monday

Tuesday, March 7, 2017

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

Reuters: Romania sells planned 600 mln lei of new March 2022 treasury bonds

Tuesday, March 7, 2017

Romania sold a planned 600 million lei ($140.22 million) worth of new five-year treasury bonds on Monday, with the average accepted yield at 3.00 percent, central bank data showed, Reuters correspondent informs. In October, debt managers sold a 53-month residual maturity paper, series RO1521DBN041 at an average ...

Croatia Airlines to enter Romanian market

Tuesday, March 7, 2017

As of May 19, Croatia Airlines will start operating direct international flights from Bucharest to Zagreb, as part of the Croatian national carrier plans to expand its European network, croatiaweek.com informs quoted by romaniajournal.ro. That service will operate on Mondays, Wednesdays and Fridays weekly. Croatia Airlines will also have flights to Split, Pula, Dubrovnik and Zadar (all via Zagreb). Once entering domestic market, the Croatian airline launches a ...

Eurostat: Romania registers lowest gap between salaries of men and women in management positions

Tuesday, March 7, 2017

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In each European Union member state male managers won in 2014 more than women in management positions, but the lowest pay gap was registered in Romania, show the data of the European Statistics Office (Eurostat) presented on Monday. The Eurostat statistics, released before the International Women's Day, show that the lowest pay gap between men and women in management positions is ...

Study: Romanian clients, dissatisfied with the services in such domains as telecom, tourism, banking or taxis

Tuesday, March 7, 2017

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The clients of Romania are inadequately treated, the quality of the services in the domains of telecom, hotels or taxis being at a minimum level, according to the studies of Mystery Shopping made in the last five years by the specialised company in marketing studies VBS – Business Solution. Only one out of four potential clients state they are satisfied with the councelling and attention offered by advisers in sales of the big players on the telecom market in Romania. ‘ ...

Romania, among the EU countries that have allocated the lowest percentage of its GDP for the social protection

Tuesday, March 7, 2017

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 Romania was among the EU countries that have allocated the lowest percentage of its GDP for the social protection, 11.5 percent, according to data presented Monday by the Statistical Office of the EU (Eurostat). The percentage of ...

Dumitru (Fiscal Council): we live with the illusion that we have a qualified work force

Tuesday, March 7, 2017

The idea that Romania has a qualified workforce has become an illusion, as the human resource is more and more unqualified,which is noticed in the quality of the students, and on the other hand it has become more expensive, stated the chairman of the Fiscal Council Ionut Dumitru. He states that one of the problems the entrepreneurs are facing ever more often is connected to the workforce. ‘Qualified workforce – we live with the illusion that we have a very well ...

Hexi Pharma was sent to court by the Supreme Court's Prosecution Office

Tuesday, March 7, 2017

Pharmaceutical company Hexi Pharma was sent on Monday to court by the Supreme Court's Prosecution Office on 340 counts of deception (7 of which with extremely serious consequences), forgery (61 overt acts), and participation in forestalling disease combat. Also sent to ...

Autumn 2016 Standard Eurobarometer: Immigration and terrorism continue to be seen as the most important issues facing the EU

Monday, March 6, 2017

Europeans continue to see immigration and terrorism as the major challenges facing the EU at the moment, and they strongly support the political priorities of the European Commission. Immigration and terrorism continue to be seen as the most important issues facing the EU, albeit at a slightly lower level than at the last survey in spring 2016. Support for the European Union's priorities and policies remains strong, and has increased since spring 2016. ...

Eurobarometer survey: Romanians' trust in EU lower at 52 pct, yet considerably above EU average

Monday, March 6, 2017

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The Eurobarometre Standard 86 shows that, in connection to economic growth, the creation of work places and investments, at the end of 2016 only half of the Romanians considered that the financial situation of their household was good or very good, under the European average of 68%. As compared to the perspective of the beginning of year, the number of the Romanians increased (13% in spring, 18% in autumn)which anticipates a worsening of their economic situation in the next ...

U.S. Department of State criticizes Romania on mistreatement of detainees, Roma discrimination and corruption

Monday, March 6, 2017

The U.S. Department of State Report on Human Rights Practices for 2016 criticizes Romania for mistreatment of detainees and Roma people, generalized corruption - in spite of Government efforts to address systemic corruption - and discrimination against Roma, which affected their access to adequate education, housing, health care, and employment, according to the www.state.gov ...

President Iohannis will not start referendum for justice at the moment, but he did not give up the idea ( media sources)

Monday, March 6, 2017

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President Klaus Iohannis will not start the referendum for justice but he did not give up the referendum, which he will use ‘as an insurance policy to save the justice if PSD tries to weaken the criminal legislation or to attack key institutions in the judicial system’ Hotnews says, quoting official sources from Cotroceni. According to the quoted sources, the street protests reached their objective and ordnance 13 through which they tried ...

"Independent institutions march" took place în Victoria Square Sunday evening

Monday, March 6, 2017

Approximately 6,000 protesters, according to some official sources, participated on Sunday night in the "Independent institutions march," that took place on the route Victoria Square - Parliament Palace - Justice Ministry - National Anticorruption Directorate (DNA), the protest ...

Helicopters from 2-10 AHB "Nighthawks" arrive in Romania

Monday, March 6, 2017

Helicopters from the 2nd Battalion, 10th Aviation Regiment, 10th Combat Aviation Brigade landed at Mihail Kogalniceanu Air Base, Romania on Thursday, Mar. 2, 2017, dvidshub.net reports. The brigade made its way to MK Air Base from Thessaloniki, Greece. The brigade is in Romania in support of Operation Atlantic Resolve, a mission that focuses on strengthening and enhancing the bonds between U.S. and European forces, and deterring foreign aggression. The Combat ...

 Germany's ambassador in Bucharest: Romania will have an opportunity to play a very important part inside the EU after the Brexit

Monday, March 6, 2017

 Germany's ambassador in Bucharest Cord Meier-Klodt told a news conference on Friday in the central city of Sibiu that he strongly believe Romania will have an opportunity to play a very important part inside the EU after the UK pulls out, because then it will be the EU's 6th most populous ...

Ambassador Meier-Klodt: long-term investment needs transparency and predictability

Monday, March 6, 2017

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Ambassador of the German Federal Republic to Romania Cord Meier-Klodt told a press conference in Sibiu on Friday that he came to Romania having as one of the major objectives of his tenure the strengthening of the bilateral relations between the two ...

ANAF collected in the first two months of 2017 revenues declining by 0.9 percent

Monday, March 6, 2017

The National Agency for Fiscal Administration (ANAF) collected in the first two months of this year revenues worth 31.99 billion lei, declining by 0.9 percent compared to the same period of last year, a release of the Agency sent on Friday points ...

Euro trades at 4.5328 lei on Friday

Monday, March 6, 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 follows: CURRENCY SYMBOL ...

WB's Capannelli: Romania should continue to reform its state-owned enterprises to enhance growth

Monday, March 6, 2017

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As the new government in Bucharest starts implementing its program - looking for strong, sustainable and equitable drivers of economic growth - I would argue that one of the first areas where the authorities should focus is a continuation of the reform and modernization of Romania's large, state-owned enterprises (SOEs). With approximately 1200 SOEs in Romania, of which around 300 are majority-controlled by the central government, the SOE sector is the ...

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