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Deloitte inaugurated in Bucharest the European Regional Services Centre

Friday, May 5, 2017

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Deloitte inaugurated on Thursday in Bucharest the European Regional Services Centre that will serve as a technology hub for local and international customers, and within the next few years will reach a team of 2,000 employees in Romania, from 600 specialists counting for at present, announced the representatives of the B2B professional services international ...

In March 2017, the retail turnover increased by 9.2% compared to March 2016

Friday, May 5, 2017

Compared to the previous month, in March 2017 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 16.4% and as adjusted series according to the number of working days and to seasonality by 1.0%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and ...

PM Grindeanu starts a visit to Jerusalem

Thursday, May 4, 2017

Prime Minister Sorin Grindeanu will be on Thursday on an official visit to Jerusalem, where he will be received by the President of the State of Israel, Reuven Rivlin and will have a one-on-one meeting with Israeli Prime Minister Benjamin Netanyahu, informs a release by the government sent on Wednesday. Sorin Grindeanu's meeting with Benjamin Netanyahu will ...

Next week, Juncker will be delivering a speech to the joint session of Romania's Parliament about the future of Europe

Thursday, May 4, 2017

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Romania's Parliament next week will be holding two joint plenary sessions, one where Romania's President Klaus Iohannis will address the MPs and senators and another one where President of the European Commission Jean-Claude Juncker will deliver a ...

ForMin Melescanu: Romania facing logistics, protocol problems in taking over Europea Council's rotating presidency

Thursday, May 4, 2017

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Romania's Foreign Minister Teodor Melescanu said Wednesday that Romania taking over the six-month rotating presidency of the European Council in first half of 2019 is a national project, pointing out that there are logistics as well as protocol problems in doing that. "This is a national project and we, together with Parliament and the Government, have to ...

Pardon for bribery, influence peddling convicts gets Senate Law Committee's nod of approval

Thursday, May 4, 2017

Senate lawyers on Wednesday approved by a vote of five to three an amendment according to which the persons convicted of bribery or influence peddling are being pardoned. People's Movement Party Senator Traian Basescu suggested that bribe taking be pardoned, explaining that many politicians are charged with this crime and abuse of office for acts committed ...

AP: More than one thousand people protest move to ease off on corruption

Thursday, May 4, 2017

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 More than 1,000 people gathered outside Romania’s government offices Wednesday to protest a move by lawmakers to pardon acts of corruption, AP correspondent reports quoted by washingtonpost.com. Hundreds of demonstrators waved Romanian, NATO, European Union and U.S. flags, yelling: “We have to defend the country from thieves!” As numbers grew, the crowd blocked Victory Square, where the government offices are. There were smaller ...

Euro trades at 4.5485 lei on Wednesday

Thursday, May 4, 2017

  The exchange rate of the national leu currency resulting from the quotations announced on Wednesday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL ...

Tourism Ministry shuts down promotion offices abroad over irregularities

Thursday, May 4, 2017

Romania’s tourism promotion offices abroad, which are the institutions that promote the Romanian tourism abroad and attract foreign tourists to Romania, will shut down and their employees will return to the country, romania-insider.com reads. The Ministry of Tourism announced on Wednesday that it drafted changes to the Government Decision which rules how the Ministry works and is organized. These not only bring changes to the organization chart ...

Unemployment rate was 4.55 pct at the end of March 2017

Thursday, May 4, 2017

The unemployment rate was 4.55 pct at the end of March 2017, down 0.16 percentage points (pp) against February and 0.23 pp as compared to March 2016, according to a press release of the National Employment Agency (ANOFM), remitted on Wednesday.Out of the 398,951 people registered in the databases of the territorial employment agencies, 83,409 were receiving unemployment benefit. Most unemployed people are aged 40-49 year-old (119,116), followed by ...

"Freedom of the Press in Romania 2016-2017" FreeEx Report: fake news phenomenon has contaminated the Romanian media

Thursday, May 4, 2017

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During last year, the mass-media have significantly radicalised the public discourse, the fake news phenomenon has contaminated the Romanian media as well, and the protests in January-February have provided the opportunity for ample manipulation and misinformation, reads the "Freedom of the Press in Romania 2016-2017" FreeEx Report, introduced on Wednesday by ...

Afshan Khan, the Regional Director of UNICEF for Central, Eastern Europe and the Commonwealth of Independent States, starts a visit to Romania

Wednesday, May 3, 2017

Aspects regarding the outcome and progress of the partnership Programme between Romania and the UNICEF, alongside the priorities for 2018-2022 were addressed on Tuesday afternoon by President Klaus Iohannis upon welcoming Afshan Khan, the Regional Director of UNICEF for Central, Eastern Europe and the Commonwealth of Independent States, reads a release by the ...

Hans Klemm: Priority US- Romania economic exchanges will be agriculture and defence

Wednesday, May 3, 2017

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Hans Klemm, the US ambassador to Bucharest, declared on Tuesday that priority economic exchanges between the US and Romania will be in agriculture and defence. The diplomat pointed out that after the March meeting with representatives of the American-Romanian Business Council (AMRO) will follow a second meeting when several American companies will be present to discuss the consolidation of economic relations between the two states. “I was ...

US Ambassador Klemm: Trump will not visit Romania this month

Wednesday, May 3, 2017

US Ambassador to Romania Hans Klemm dismissed the rumor that American president Donald Trump could visit Romania in May, business-review.eu informs. Klemm stated on Tuesday that he did not receive information regarding an upcoming visit to Romania by Trump, adding thatthe latter was always welcome to visit Bucharest. “I was not informed by Washington that there could be a visit by president Trump to ...

US Ambassador hopes an agreement for Romania to purchase the Patriot missiles to be concluded until the end of 2017

Wednesday, May 3, 2017

The ambassador of the United States of America in Bucharest, Hans Klemm stated on Tuesday that he hopes an agreement for Romania to purchase the Patriot missiles to be concluded until the end of 2017. Attending a varnishing at ...

IMF completed first evaluation of Republic of Moldova program

Wednesday, May 3, 2017

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The IMF Executive Board has completed the first stage in the analysis of the extended credit mechanism and the extensive financing mechanism of the Republic of Moldova which has in view the issue of 21.5 million dollars, according to a press release of the institution. Monetary policy concentrates on establishing the price and on a flexible exchange rate regime, shows an IMF press release. On November 7, 2016, IMF approved the ...

BNR's foreign exchange reserves have increased by 3.6 percent in April

Wednesday, May 3, 2017

The central bank (National Bank of Romania, BNR)'s foreign exchange reserves have increased by 3.6 percent in April as compared to March 2017, to over EUR 35,960 million, a release by the BNR sent on Tuesday reads. In April, ...

Euro trades at 4.5468 lei on Tuesday

Wednesday, May 3, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL ...

Minister Tudose: branch of Romarm, Fagaras Powder Factory, to be opened again

Wednesday, May 3, 2017

Airbus Helicopters Company will begin manufacture of military model H215M at Ghimbav factory, most likely in 2019, the minister of economy Mihai Tudose declared in an interview granted to News.ro. Speaking about plans to develop the defence industry, Tudose pointed out that he intended to reopen Fagaras Powder Factory, a branch of Romarm, in a few months. The French helicopter manufacturer Airbus Helicopters has recently signed with the Romanian ...

INDUSTRIAL PRODUCTION PRICES UP 0.3% IN MARCH

Wednesday, May 3, 2017

In  March  2017,  industrial  production  prices  for  the  total  (domestic  market  and  non?domestic market) increased by 0.3% compared to February 2017. Industrial  production  prices  for  the  total  (domestic market  and  non?domestic  ...

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