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Euro trades at 4.5656 lei on Monday

Tuesday, July 25, 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 1.0 bln lei of one-year bills

Tuesday, July 25, 2017

 Romania sold a planned 1.0 billion lei ($255.26 million) worth of one-year treasury bills on Monday, with the average accepted yield at 0.79 percent, central bank data showed, Reuters correspondent ...

BRUA pipeline will not cross Hungary anymore

Tuesday, July 25, 2017

The BRUA pipeline will not cross Hungary anymore, this country's gas operator FGSZ having proposed for the gas volume coming from Romania to be distributed from Hungary to Slovakia, Ukraine, Croatia or Serbia, the Romanian gas operator Transgaz officials said on Monday in a release sent to the Bucharest Stock Exchange (BVB). Transgaz representatives added that on Romania's territory, the plans regarding this project stay unchanged. The ...

Romania's Cernavoda NPP Unit 2 reconnects to grid

Tuesday, July 25, 2017

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, said on Monday that the plant's Unit 2 was reconnected to the grid on Sunday morning after disconnecting two times in as many days, seenews.com informs. "Cernavoda NPP Unit 2 automatically disconnected from the grid following the occurrence of a soft related transient in the classical part of the power plant on July 22, 2017. Currently, Cernavoda NPP operates at ...

Ford to stop B-Max production in Romania, to hire 500 for EcoSport manufacturing

Tuesday, July 25, 2017

U.S. carmaker Ford said on Monday that it plans to end the production of B-Max model at its Romanian plant in September and to hire 500 to support EcoSport SUV production at the same plant, set to begin in the autumn, seenews.com informs. The decision was taken due to market developments and dynamics at the B-segment, as more and more customers have started preferring SUVs and Crossovers to multi-purpose vehicles (MPVs), which include B-Max, Ford said ...

Romania’s IT sector to reach 12% of GDP until 2025

Tuesday, July 25, 2017

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Romania’s IT&C sector will increase to 12% of the GDP in 2025, from a current value of 6% of the GDP, said Marian Popa, head of DB Global Tehnology’s IT center in Bucharest, reports local Mediafax quoted by ...

eJobs.ro: the employers got in Q1 over 220,000 jobs

Tuesday, July 25, 2017

The employers got on the recruitment platform eJobs over 220,000 jobs in the first six months of 2017, up by 35% against the same period of 2016, the data published on Monday by ejobs Group, the company which owns the recruitment platform eJobs show. Most available  jobs were in domains such as retail (9,500 employment announcements) administrative or logistics (6,330 employment announcements) or financial (4,480 ...

WB: Romanians prefer to move to other Romanian cities, than emigrate

Tuesday, July 25, 2017

Around 3.6 million Romanians are planning to change their residence in the upcoming five years, and 66.5 percent of them would prefer to stay in Romania, a report by the Word Bank shows quoted by business-review.eu. This shows, for the first time, a trend reversal, as in the past years most Romanians who were planning to change residence would prefer to go abroad.  Most of those who plan to change residence, 65.5 percent, said would prefer to move ...

Seven cities vying for Romania's Youth Capital title

Tuesday, July 25, 2017

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Seven cities - Alba Iulia, Baia Mare, Galati, Iasi, Ploiesti, Satu Mare and Suceava - have filed bids this year to win the title of Romania's Youth Capital, which includes winning a 50,000-euro prize. According to a press statement released on Monday, this is the second competition this year under this national programme, which is similar to the principles ...

PM Tudose: joint government meeting announced for this autumn in Chisinau

Monday, July 24, 2017

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Premier Mihai Tudose said on Friday that his visit to Chisinau on the same day is a "symbolic visit", pledging Romania's firm commitment to supporting the pro-European track of the Republic of Moldova. "It's a symbolic visit asserting the firm commitment as regards Romania's intentions towards Moldova, for the continuation of our demarches to support Moldova's track towards the European Union, its pro-European track. In the past two years this track ...

MP Filip: the NATO office in Chisinau might be operational as of August 2017

Monday, July 24, 2017

Prime Minister of the Government of Republic of Moldova Pavel Filip has stated on Friday that the North-Atlantic Alliance (NATO) will open an office in Chisinau, underscoring that "the Republic of Moldova's neutrality doesn't mean the isolation of this country." Filip said, at the end of the meeting with Romanian PM Mihai Tudose, that the NATO office in Chisinau might be operational as of August 2017. "We want and I assure you that we will ...

Premier Pavel Filip: I've invited Romanian companies to invest in Moldova

Monday, July 24, 2017

 The Prime Minister of the Government of Moldova, Pavel Filip on Friday had a conversation with visiting Romanian counterpart, Mihai Tudose about the privatisation programme of the Moldovan state-run companies and launched an invitation to the Romanian companies to invest in his country. "We have reiterated our interest in furthering the Romanian investments in Moldova. We've talked about the privatisation programme we have here in Chisinau and ...

PM Tudose: the statement connected to the change of the electoral system in the Republic of Moldova was misunderstood

Monday, July 24, 2017

Premier Mihai Tudose stated on Friday night on TVR that the draft law regarding the amendment of the electoral system from uninominal to mixed in the Republic of Moldova is criticised due to the fact  that it was ‘ wrongly’  communicated, this system being used in  European countries. The head of the government said that it is a correct democratic process. ‘ The government in Kishinev is criticised for implementing a voting system which is ...

Parliament in Chisinau asks for the Russian troops’ withdrawal

Monday, July 24, 2017

The Parliament in Chisinau passed a resolution on Friday requesting Russian troops to withdraw from the Republic of Moldova. 61 deputies have voted the resolution, romaniajournal.ro informs. The initiative was endorsed by the PDM, PLDM, PL and the European Popular Group factions in the Parliament, in the absence of the communists and with the Socialists boycotting the ...

25,000 servicemen from 22 NATO member states and allies participated in the Saber Guardian 17

Monday, July 24, 2017

Approximately 25,000 servicemen from 22 NATO member states and allies and over 3,000 combat means participated in the Saber Guardian 17 (SG17), the largest military exercise conducted on Romania's soil, says a release of the National Defence Ministry (MApN) sent on Friday. The SG17 displayed an impressive force on the territories of Romania, Bulgaria and Hungary, following a fictitious scenario in which more than 25,000 troops, with more than 3,000 technical ...

Hungarian PM Orban at the Baile Tusnad Summer University: EU leaders and George Soros are seeking a 'new, mixed, Muslimized Europe'

Monday, July 24, 2017

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Hungarian Prime Minister Viktor Orban, attending on Saturday the Baile Tusnad (Tusvanyos) Summer University - Harghita County, said that his country will use all the means to express solidarity with Poland and the Poles, in the context of the "inquisition" offensive against this ...

The law which annihilates the notion of conflict of interests for the public servants promulgated by Iohannis

Monday, July 24, 2017

President Klaus Iohannis promulgated on Friday the Law through which the notion of conflict of interests is annulled for the public servants and is replaced by the notion’ the use of the position in favour of some people’ after the Constitutional Court decided that the document is constitutional. In May, the Deputies’ chamber adopted with 187  votes in favour and 79 votes ‘against’ and 6 abstains the draft law for the ...

The law which excludes the approval of CSAT when naming the head of DGPI promulgated by Iohannis

Monday, July 24, 2017

President Klaus Iohannis promulgated on Friday the law through which the necessity to have the approval of the Supreme Council of Country's Defence (CSAT) when naming the head of the General Department for Internal Protection (DGPI) was eliminated after the Constitutional Court (CCR) rejected the liberal party - PNL notice against this ...

Romania to meet budget deficit target in 2017 - fin min

Monday, July 24, 2017

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Romania will meet the European Union's budget deficit target of 3% of GDP in 2017, the finance ministry said on Friday in response to an Eurostat document showing the country had a budget gap of 3.2% in the first quarter, seenews.com reports "Eurostat's 3.2% of GDP value is calculated on the seasonally adjusted ESA (European System of Accounts) standard, reflecting the trend of the budget deficit recorded in previous quarters in 2016 and based on GDP ...

Romania's Arad to open tender for parking infrastructure in Q4 – EBRD

Monday, July 24, 2017

Romania's western city of Arad will open a tender for construction of parking infrastructure in the fourth quarter of the year, the European Bank for Reconstruction and Development (EBRD) said on Friday, seenews.com informs. The city of Arad intends to use part of the proceeds of a 20 million euro ($23 milion) loan extended by the EBRD in July 2016 to build and modernise the parking infrastructure in eight residential areas. The ...

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