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MAE's George Ciamba visited the new headquarters of the Organization of the Black Sea Economic Cooperation (BSEC) în Istanbul

Wednesday, April 5, 2017

The Secretary of State for the Euro-Atlantic bilateral and strategic Space, George Ciamba, met on Tuesday in Istanbul, with the Secretary General of the Permanent International Secretariat of the Organization of the Black Sea Economic Cooperation (BSEC), Ambassador Michael Christides, informs the Foreign Affairs Ministry in a press release sent ...

Minister Toader orders an external audit at DNA and DIICOT

Wednesday, April 5, 2017

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Justice Minister Tudorel Toader stated on Monday that he will order an external audit at the National Anticorruption Directorate (DNA) and the Directorate for Investigating Organized Crime and Terrorism ...

Constitutional Court defers again ruling on article forbidding convicted persons to be gov't members

Wednesday, April 5, 2017

The Constitutional Court of Romania (CCR) on Tuesday put off again till 27 April the decision on the Ombudsman's notification regarding the article that forbids convicted persons to be members of the government, judicial sources said. Also Tuesday, ...

Gov't to set up cloud, digital services agency

Wednesday, April 5, 2017

The Government will set up a public agency for cloud and digital services under a public-private partnership, Communications Minister Augustin Jianu told a specialist conference on Tuesday. "We will set up a public agency for cloud and digital services which, under a public-private partnership, will take care of the project, of building the cloud ...

Ambassador Zupancic: Slovenia consider participation in the operationalisation of the Multinational Brigade in Romania's southern Craiova

Wednesday, April 5, 2017

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Minister of National Defence Gabriel Les welcomed on Tuesday at the headquarters of the Defence Ministry, the Ambassador of Slovenia in Bucharest, Mihael Zupancic, the Romanian official emphasising the importance of relaunching the high level political-military dialogue between the two countries, both bilaterally as well as within NATO and the ...

Florin Iordache, elected as Deputy Speaker of the Chamber of Deputies

Wednesday, April 5, 2017

 The Social Democrat (PSD – ruling party) Florin Iordache was elected on Tuesday as Deputy Speaker of the Chamber of Deputies with 211 votes "for" and 77 "against". There was a secret vote with ...

Euro trades at 4.552 lei on Tuesday

Wednesday, April 5, 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 ...

Deloitte: Effective average rate of royalties grew in Romania from 15% in 2014 to 17.5% in 2016

Wednesday, April 5, 2017

The effective average royalty rate and other similar taxes grew in Romania from 15% in 2014 to 16.9% in 2015 and 17,5% in 2016, while in most European states it dropped, a Deloitte study sent to News.ro shows. Taxes similar to royalties include, in Romania, taxes on additional incomes, taxes on special constructions and taxes applied for exploitation of crude. “The effective tax rate determined for upstream natural gas ...

Eurostat: Romania on the fourth place in EU on retail growth in February

Wednesday, April 5, 2017

Romania recorded the fourth largest growth on the retail segment in the European Union in February, behind Slovenia (which was first), Luxembourg and Lithuania, compared with the same period of 2016, shows the data of the European Office of Statistics (Eurostat) quoted by business-review.eu.   In the Euro zone, the retail sector went up by 1.8 percent on annual rate, while the EU registered an increase by 2.2 percent. The retail in EU 28 was ...

In  February  2017,  the  retail  turnover  increased  by  4.8%  compared to February 2016

Wednesday, April 5, 2017

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Compared  to  the previous month, in February 2017  the  retail  turnover volume  (excluding  the  trade  with  motor  vehicles  and  motorcycles)  increased  both  as  gross  series  by  2.9%  and  as  ...

Romania and Italy told to take urgent action on measles outbreak

Wednesday, April 5, 2017

Romania and Italy have been urged to take urgent action to address a spike in measles cases, euronews.com reports. There were 1,532 cases reported in Romania from August to January, compared with 463 in the previous six-month period, according to the World Health Organisation (WHO). Italy saw its number of cases treble between December and January, the latest month for which figures were ...

New ministers of the Environment and for the Relation with Parliament take oath of office

Tuesday, April 4, 2017

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President Klaus Iohannis was present on Monday at the new ministers of the Environment and for the Relation with Parliament, Gratiela Gavrilescu, respectively Viorel Ilie oath of office. Prime Minister Sorin Grindeanu, Senate President, Calin Popescu-Tariceanu, Speaker of the Chamber of Deputies, Liviu Dragnea, members of Government, Presidential and State Advisers attended the ceremony at the Cotroceni Presidential Palace. "Good luck, all ...

Minister Les on the strategic dialogue and military technical cooperation with Israel

Tuesday, April 4, 2017

Minister of National Defence Gabriel Les met on Monday Israeli ambassador in Bucharest, Tamar Samash, on which occasion the former expressed his belief that there is significant potential to enhance cooperation in preparing and training forces, strengthening strategic dialogue and military technical cooperation. According to a press release sent by MApN , Les emphasized the "privileged" nature of the bilateral relations based on converging strategic interests ...

Daianu (BNR): Switchover to euro entails serious reforms; mobilising domestic resources, important

Tuesday, April 4, 2017

Switching over to the euro entails serious reforms, while Romania should not count on European funds exclusively, but it should consider mobilising its domestic resources as well, member on the Administration Board of the National Bank of Romania (BNR) Daniel Daianu told a debate on Monday called "Post-2020 multiannual financial framework, a response for EU's future" held in Bucharest by the European Institute in Romania. "Analyses show resource ...

BNR: foreign currency reserves increased in March by 0.57 pct

Tuesday, April 4, 2017

The National Bank of Romania (BNR)'s foreign currency reserves increased in March by 0.57 pct to 34.695 billion euro, as compared to this years' February level, reads the institution's press release issued on Monday.In March, there were inflows of 853 million euro that represent the change in the foreign currency minimum reserves set up by credit institutions, the inflow into the Ministry of Public Finance's accounts (including the amount resulting from the bonds ...

Euro trades at 4.5501 on Monday

Tuesday, April 4, 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 follows: CURRENCY SYMBOL RON 1 Euro EUR 4.5501 1 US dollar USD ...

FinMin Stefan: collections to the state budget in this year's Q1 will exceed 58 billion lei

Tuesday, April 4, 2017

Public Finance Minister Viorel Stefan said that the collections to the state budget in this year's Q1, according to some estimations, will exceed 58 billion lei, by 2.5 billion lei higher than the similar period of last year. "So far, I am pleased, as the first estimations show, we are talking about 18.3 billion lei collected by ANAF [the National Agency for Fiscal Administration] in March. Which means that, in Q1 the total collections will probably exceed 58 ...

CNP: Bucarest's GDP to advance 4.9 percent in 2017

Tuesday, April 4, 2017

Romania's National Prognosis Commission (CNP) is expecting the Gross Domestic Product of the country's capital city Bucharest to advance 4.9 percent in 2017, to 24,580 euro/inhabitant, according to the commission's winter forecasts. CNP's autumn forecasts read a 4.3-percent increase in the GDP and a per capita GDP of 24,102 euros. The commission's forecasts of the average monthly wage income were also upwardly adjusted to 9.2 percent, meaning ...

Eurostat: the employees in Romania earned over 57 billion euro last year

Tuesday, April 4, 2017

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The Romanian employees obtained in 2016 salary earnings of 57.35 billion euro,record level as absolute value, but the part of the added value in economy which goes to the employees is much under the level of 2008 and is significantly lower than the level in other states of the EU, show the data published by the European Office for Statistics Eurostat. The data are significantly under those estimated by the National Commission for Prognosis (CNP). Thus, ...

INDUSTRIAL PRODUCTION PRICES UP 0.2% IN FEBRUARY 2017

Tuesday, April 4, 2017

In February 2017, industrial production prices for the total (domestic market and non-domestic market) increased by 0.2% compared to January 2017. Industrial production prices for the total (domestic market and non-domestic market) rose by 3.9% in February 2017 compared to February ...

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