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Euro trades at 4.6210 lei on Tuesday

Wednesday, December 20, 2017

  The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.62101 US dollar USD 3.91301 Swiss franc CHF 3.97151 British pound GBP 5.2321100 Japanese yen JPY 3.4743 1 Moldovan leu MDL 0.22881 Russian rouble RUB 0.06681 new Turkish lira TRY 1.01761 Chinese ...

Standard Eurobarometer 88 Autumn 2017: Europeans’ perception of the economy is becoming more positive

Wednesday, December 20, 2017

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This report presents the first results of the Standard Eurobarometer survey of autumn 2017 (EB88), which was carried out between 5 and 19 November 2017 in 34 countries or territories1 : the 28 European Union (EU) Member States, five candidate countries (the Former Yugoslav Republic of Macedonia, Turkey, Montenegro, Serbia and Albania) and the Turkish Cypriot Community in the part of the country that is not controlled by the government of the Republic of ...

PM Tudose meets BSH Home Appliance Group reps to discuss company's investment in Romania

Wednesday, December 20, 2017

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Prime Minister Mihai Tudose welcomed on Tuesday at the Victoria Governmental Palace representatives of BSH Home Appliance Group German company in the area of home appliance production, reads a Government release.According to the release, the discussions aimed at the investment projects in Romania of the company belonging to the Bosch German group, with the prospect of local development both in the economy and in the education area, by building plants in Simeria, ...

Oltchim creditors approve the acquisition of assets by Chimcomplex for EUR 127 million

Wednesday, December 20, 2017

The General Meeting of Oltchim SA creditors has approved the sale of assets (Packages 1-5 and partially 7) according to the contract concluded between Oltchim SA – as seller, Chimcomplex SA Borze?ti – as buyer and Romanian Commercial Services SA – as the Guarantor, including the transaction price (without affecting the possibility of additions and technical adjustments to the Transfer Protocol drafts and to the contracts included in the appendices, in view ...

Prosecutors to endorse forms of protests announced by the magistrates

Tuesday, December 19, 2017

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The General Assembly of Prosecutors within the Prosecutor's Office attached to the Bucharest Court has unanimously decided to endorse forms of protests announced by the magistrates."On 18.12.2017 on the occasion of the general assembly of the prosecutors with the Prosecutor's Office attached to the Bucharest Court the prosecutors discussed their stand with respect to the proposed modifications to the justice laws, right now facing parliamentary procedures. After ...

Controversial amendments on ANI law passed by the Senate’s legal committee

Tuesday, December 19, 2017

The legal committee of the Senate has adopted a favorable opinion with amendments to the National Integrity Agency law, meaning that interdictions applied to the MPs found in conflict of interest of ANI during 2007-2013 will stop by right. The favorable opinion has passed by five votes to two, romaniajournal.ro informs. The draft bill has been initiated by PSD deputy Florin Iordache. The Chamber of Deputies had passed the ...

New bill amending anti-corruption law submitted by PSD

Tuesday, December 19, 2017

15 Social-Democrat MPs have tabled a draft law that is amending an anti-corruption law, in the way that the corruption crimes through which undue benefits for the others are obtained will be decriminalized. The PSD lawmakers argue that incriminating such deeds “has nothing to do with the reality”. The bill to amend the law 78/2000 on preventing and sanctioning corruption deeds has been submitted to the Senate and is ...

Romania faces threats to justice independence - Friedrich Naumann Foundation

Tuesday, December 19, 2017

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Romania still faces threats to justice independence and widespread bribery, a report issued by German foundation for liberal politics Friedrich Naumann Foundation shows quoted by seenews.com. "Romania's judiciary has become more independent since the country became a full member of the EU in 2007, especially after 2013. But, in spite of the sophisticated election procedures meant to prevent direct political influence on courts, the latter is indirectly ...

Kishinev decided to bring back for an unlimited period of time, the ambassador to Russia

Tuesday, December 19, 2017

The minister of foreign affairs decided to call back to Kishinev for consultations the ambassador of the Republic of Moldova to the Russian Federation Andrei Neguta, for an unlimited period of time, informs Radio Kishinev.According to a press release of the ministry of foreign affairs and European integration of the Republic of Moldova (MAEIE)the ambassador is called back to Kishinev ‘ in connection with the cases of harassment and intimidation by the ...

Romania Evaluates Spike LR Missiles in Dismounted Configuration

Tuesday, December 19, 2017

The Romanian Army has completed testing of SPIKE LR (Long Range) missiles as part of the Romanian Army evaluation of man-portable Spike-LR in dismounted operations, http://defense-update.com informs. The Romanian army ...

Revolution file: Prosecutors have established the clear succession of the military-political events existing in the evening of December 21, 1989

Tuesday, December 19, 2017

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Military prosecutor Marian Lazar has announced on Monday that investigation has substantially advanced in the Revolution file, with investigators ascertaining that evidence related to the organization of the revolution had been destroyed and that there had been three attempts to assassinate communist dictators Nicolae and Elena Ceausescu. Prosecutors decided to hear numerous witnesses and collaborated with historians, writers and journalists who had ...

PM Tudose: Budget on 2018, most generous investment budget ever post-December Romania has ever had

Tuesday, December 19, 2017

Premier Mihai Tudose on Monday said in the joint plenary sitting of the Parliament that the budget for 2018 is a development budget, adding that it is the most generous investment budget Romania has ever had since 1989."Despite all critics, the 2018 budget is a development budget, an investment budget, after a good year for our country, the year 2017, and the figures have spoken and will speak further," the Premier stated, at presenting the next year's budget ...

Commissioner Cretu : Reducing bureaucracy is a top priority in Romania

Tuesday, December 19, 2017

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Reducing bureaucracy is a top priority in Romania, said European Commissioner Corina Cretu on Monday at the Victoria Governmental Palace, adding that many times she felt horrified by what she saw in Romania in terms of bureaucracy."I believe that Romania complicates its own existence when it comes to procedures. (...) Simplification is one of the top priorities of my mandate. (...) What I saw in Romania many times, in terms of bureaucracy, horrified me, for these ...

PM Tudose: Commitment for 2017 fulfilled; 5.2 bln euro payment papers lodged in Brussels

Tuesday, December 19, 2017

The Government has fulfilled its commitment assumed this year regarding the drawing of European funds, premier Mihai Tudose announced on Monday, specifying that papers for 5.2 billion euro payments are lodged in Brussels."We have been consistent and have fulfilled our commitment (...) this year. We have lodged in Brussels the payment papers for 5.2 billion, and it remains that, with your help, the Commission process the papers submitted and deliver to us, ...

Euro trades at 4.6260 lei on Monday

Tuesday, December 19, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.62601 US dollar USD 3.92431 Swiss franc CHF 3.96891 British pound GBP 5.2342100 Japanese yen JPY 3.4844 1 Moldovan leu MDL 0.22851 Russian rouble RUB 0.06691 new Turkish lira TRY 1.01941 Chinese renminbi CNY ...

ANAF collected revenues up 7 pct in first 11 months

Tuesday, December 19, 2017

The National Agency for Fiscal Administration (ANAF) collected 196.58 billion lei worth of revenues in the first 11 months of this year, up 7 pct as compared to the similar period of the previous year, the institution informs on Monday.ANAF also reports a 100 percent achievement of the collection programme established through the annual budget laws. January through November 2017, the declared fiscal obligations amount to 199.015 billion lei, up 6.99 pct as ...

European Commission launches in-depth investigation into the state support for CFR Marfa

Tuesday, December 19, 2017

The European Commission has opened an in-depth investigation on Monday into Romanian state support for rail freight operator CFR Marfa, saying debt write-offs many have given the company an unfair advantage, romaniajournal.ro reads. The Commission, which oversees competition policy across the European Union, said that rail freight was an essential component of any economy’s transport links, capital.ro informs. “CFR ...

In first 10-month of 2017 trade exchanges Romania-US rose by 17.5%

Tuesday, December 19, 2017

Romania is an example in the region in terms of cooperation with US companies for developing strategic capabilities, including defense sector, cyber security, energy and IT, said Ilan Laufer, Minister for Business Milieu, Trade and Entrepreneurship, after the meeting with US Secretary of Commerce, Wilbur Ross."The two officials had a meeting in Washington whose central topic was the new historic high in terms of the trade between Romania and the US, as well as the ...

Number of pensioners in Q3, down one thousand people

Tuesday, December 19, 2017

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The average number of pensioners reached 5.224 million in Q3, down one thousand people as compared to the previous quarter, while the overall ratio between the average number of state social insurance pensioners and the employees' number was 9 to 10, show data of the National Institute of Statistics (INS) released on Monday.At the wages' level, in the analysed reference interval, the average monthly pension was 1,106 lei, by 8.2 pct higher than the previous ...

King Mihai's funeral service at the Patriarchal Cathedral

Monday, December 18, 2017

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* Romania has held a grand state funeral for King Michael, who died in Switzerland at the age of 96 on December 5. European royals joined Romanian President Klaus Iohannis for a funeral service led by the head of the Romanian Orthodox Church, Patriarch Daniel, on December 16 in the capital, Bucharest. Romanian Orthodox Church Patriarch Daniel, who officiated on Saturday the funeral service of King Mihai at the Patriarchal Cathedral, together ...

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