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IN 2016, THE TOTAL MONTHLY AVERAGE INCOME OF THE POPULATION PER HOUSEHOLD WAS 2945 LEI

Wednesday, June 7, 2017

The total monthly average income was, in nominal terms, 2945 lei per household and 1112 lei per person in 2016. In 2016, the total expenditure of the population was roughly 2524 lei per month, per household (953 lei per person) and was 85.7% of the total income, a decrease of 1.8 percentage points compared to 2015. ...

QUARTERLY LABOUR COST INDEX HIGHER IN QUARTER I 2017

Wednesday, June 7, 2017

In Quarter I 2017 the adjusted hourly labour cost (working days adjusted) registered an increase rate of 2.92% by comparison with the previous quarter and of 17.24% by comparison with the same quarter of the previous year. As against the same periods of reference, the non-adjusted hourly labour cost had a similar trend with the adjusted form (0.96%, respectively ...

President Iohannis meets the CIA director Mike Pompeo on Tuesday in Washington

Tuesday, June 6, 2017

President Klaus Iohannis  will have a meeting with the CIA director Mike Pompeo on Tuesdat in Washington, in a working visit that the  head of the Romanian state pays to the capital city of the US, announced the Presidential Administration. ‘President Klaus Iohannis meets at 2:30 p.m. the  CIA director Mike Pompeo on Tuesday’ informs the Presidential Administration. For the meeting with the CIA ...

President Klaus Iohannis attends as a guest of honor the Global Forum of the prestigious American Jewish Committee

Tuesday, June 6, 2017

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Romania, as a member of NATO and the European Union, is a strong promoter of the transatlantic ties, President Klaus Iohannis stated on Tuesday at the Global Forum of the American Jewish ...

PM Grindeanu to pay a working visit to Paris

Tuesday, June 6, 2017

 Prime Minister Sorin Grindeanu will pay on Wednesday and Thursday a working visit to Paris, where he will meet his French counterpart Edouard ...

Information regarding two Romanian citizens in connection to the terrorist attack in London is not confirmed

Tuesday, June 6, 2017

The Foreign Affairs Ministry (MAE) conveyed on Monday that, according to the official data gathered so far, the information according to which two Romanian citizens would have been detained in connection to the terrorist attack in London which occurred on Saturday evening is not ...

Qatar Airways are operational to and from Europe, including to Romania

Tuesday, June 6, 2017

The ministry of foreign affairs informs the Romanian citizens who want to travel and transit the borders of the Quatar state that the flights of the company Qatar Airways are operational to and from Europe, including to Romania, for the moment not being affected to flights on the route Doha-Otopeni Bucuresti and back. MAE says that six Arabic countries ...

World Bank improves by 0.7pct Romania's economic growth forecast in 2017, up to 4.4pct

Tuesday, June 6, 2017

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Romania's economy will record an increase of 4.4 percent in 2017 compared to an increase of 3.7 percent which was forecasted in January, the World Bank estimated on Monday in the report regarding Global Economic Prospects. Moreover, the international financial institution revised upwards by 0.3 percent the estimations for 2018 and 2019, when Romania's GDP is ...

Ruling coalition to abandon zero VAT for housing and advertising; IMF: "it will put considerable pressure on the budget deficit”

Tuesday, June 6, 2017

  Noting a substantial drop in the tax burden in Romania, the International Monetary Fund has called on lawmakers to avoid further tax cuts, tax-news.com reads. The IMF said that successive tax burden-cutting measures, impacting value-added tax (VAT), fuel excises, and health contributions had resulted in a drop in revenue worth nearly 2.5 percent of GDP over 2016 and 2017. It added that plans by the Romanian Government to ...

Fitch confirmed the rating of the Oradea city at ‘BBB minus’ with stable perspective

Tuesday, June 6, 2017

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Fitch Ratings confirmed the ratings for the long-term loans in foreign currency and local currency of the Oradea city at ‘ BBB minus’ the perspective associated being stable, a press release of the agency for financial evaluation said. Similarly, the agency confirmed the  short term rating in foreign currency at ‘F3”. The confirmation by Fitch of the ratings for long-term loans in foreign currency ...

In June, the finances want to borrow 5.8 billion lei from banks, with 42% more than in May

Tuesday, June 6, 2017

The ministry of public finances planned the loan of 5,825 billion lei from commercial banks in June 2017 with 42% more than in May, when the planned total sum was  4,105 billion lei, according to the data published on the site of the ministry. The sums will be destined to the financing of the state budget deficit and the refinancing of the public debt. The ministry of finances will organise in June two bids of treasury ...

2016 OLAF Report: Romania ranks first for number of completed investigations

Tuesday, June 6, 2017

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Romania ranks first in the top of countries where the European Anti-Fraud Office (OLAF) completed most investigations last year, (21), of which 11 were concluded with recommendations. Also Romania ranks first for the number of indictments made with OLAF recommendation and for the number of cases in which judicial authorities rejected the file. From the frauds reported in 2016, 33 came from private sources and two from public ones. According to OLAF ...

Bucuresti-Ilfov, the highest salary gain and the most reduced economic advance in the next four years (CNP)

Tuesday, June 6, 2017

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The region Bucuresti-Ilfov will continue to have the highest average salary gain per employee for the next four years, while at the other end there are the regions South-East and South-West Oltenia, according to the estimates of the main economic-social indicators, in territorial profile until 2020, published by the National Commission for Prognosis (CNP). For the region Bucuresti-Ilfov, the average net monthly salary is estimated at 3,139 lei in 2017, ...

President Iohannis firmly condemns attacks in London

Monday, June 5, 2017

President Klaus Iohannis has firmly condemned, on Sunday, the terrorist attacks in London and has conveyed his profound compassion for the victims. "I firmly condemn the terrorist attacks that took place in London. Profound compassion with those affected by the tragic incidents in the United Kingdom," the head of state wrote on Twitter. Six persons died and 48 were injured following two attacks Saturday evening in the center of ...

Prince Charles visits Greek-Catholic church founded by British Royal Family ancestors

Monday, June 5, 2017

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Prince Charles on Saturday visited the Greek Catholic Church in Teius, a historic monument built at the end of the 16th century and founded by Petru Racz and Lady Zamfira, ancestors of Countess Claudia Rhedey of Kiss Rhede, His Royal Highness' great-great-great-grandmother. On a private visit to Romania, Prince Charles arrived on Saturday in Alba County, in ...

Romania's candidacy for UN Security Council non-permanent member mandate, officially launched

Monday, June 5, 2017

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The official launching of the promotion campaign for Romania's candidacy for a UN Security Council non-permanent mandate in the period 2020-2021 took place on Friday, in the presence of Romanian Foreign Affairs Minister Teodor Melescanu. The event was carried out at the UN headquarters and enjoyed the attendance of a great number of members of the diplomatic ...

ForMin Melescanu deposits ratification instrument of Paris Agreement on Climate Change

Monday, June 5, 2017

Romanian Foreign Affairs Minister Teodor Melescanu deposited the ratification instrument of the Paris Agreement on Climate Changes, in the presence of United Nations Under-Secretary-General for Legal Affairs Miguel de Serpa Soares, the Romanian Foreign Affairs Ministry (MAE) informs in a release sent on Friday. The Paris Agreement came into force on 5 October 2016 and will become operational after ...

Honorary Consulate of Mexico opened in Cluj

Monday, June 5, 2017

Jose Arturo Trejo, the ambassador of Mexico in Romania inaugurated the honorary consulate of Mexico in Cluj Napoca on last Wednesday. He declared, at the inauguration ceremony, that it would contribute to closer relations between Mexico and Romania and pointed out the cultural and economic potential of Cluj, especially in the IT field. Vlad Danciu, Mexico’s honorary consul in Cluj declared that he intends to make Mexican culture known in ...

Euro comes  back under 4,57 lei on a calm market

Monday, June 5, 2017

The National Bank of Romania (BNR) announced on Friday an exchange rate of 4,5659lei/euro dropping by 0.09% against the previous rate,  the quotations having reduced fluctuation on a calm market and reduced volumes, marked by a period of  vacation in Romania, the analysts say. On Wednesday BNR had an exchange rate of 4,5702 lei/euro. The leu gained weight against the euro at the beginning of the Wednesday session, ...

BNR: International reserves – May 2017

Monday, June 5, 2017

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On May 31st, 2017, the National Bank of Romania’s foreign exchange reserves stood at EUR 35,483 million, compared to EUR 35,960 million on April 30th 2017. During the month, the following flows have taken place: EUR 541 million inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts, inflows into the ...

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