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Salah El-Din A. El-Sadek Ahmed, the new Egypt's ambassador to Romania

Thursday, July 20, 2017

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Foreign Minister Teodor Melescanu on Wednesday welcomed Egypt's future ambassador to Romania Salah El-Din A. El-Sadek Ahmed to get the letter of credence, according to the Romanian Foreign Affairs Ministry ...

Hungarian Deputy PM: President Iohannis's visit to the Szekely community "can be termed as fair and positive"

Thursday, July 20, 2017

 Hungarian Deputy Prime Minister Zsolt Semjen said on Wednesday at the Baile Tusnad (Tusvanyos) Summer University - Harghita County that President Klaus Iohannis's visit the day before to the Szekely community "can be termed as fair and positive." According to Zsolt Semjen, the fact that the President of Romania paid an official visit to the counties of Covasna and Harghita, his having stood to respectfully listen to the Szekely anthem as well as his ...

Tobruq Legacy 2017 (TL17) air defence exercise at the Capu Midia shooting range

Thursday, July 20, 2017

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Approximately 260 NATO troops on Wednesday took part in live ammunition surface-to-air shootings at the Capu Midia shooting range as part of the Tobruq Legacy 2017 (TL17) air defence exercise. ''This is the final stage of the Tobruq Legacy 2017, when we use real missiles for shootings to test the personnel in live ammunition shootings. The live fire shootings are the crowning of successful troop training, a very important moment in the career of any soldier ...

Bucharest court admits deportation of two Syrians suspected of terrorism-related activities

Thursday, July 20, 2017

The Bucharest Court of Appeal (CAB) on Wednesday admitted the deportation of two Syrian nationals implicated in activities likely to generate terror threats. "The court is hereby partially admitting the request from petitioner Public Prosecution Service — Prosecutor's Office with the Bucharest Court of Appeal against defendants Hasan Alferdawi and ...

Deputy PM Shhaideh: Budget revision to be done in August at the latest

Thursday, July 20, 2017

Deputy Prime Minister and Minister of Regional Development, Public Administration and European Funds Sevil Shhaideh said Wednesday that the national budget revision will be done in August, at the latest. "Even today (...) I am to meet the finance minister, and, as you know well, as far as the schedule of revisions is concerned, one such revision is likely to occur this August or before August, deepening on the spending reports of each ministry. The ...

Romania repaid EUR 77.1 million to EU and World Bank this year

Thursday, July 20, 2017

Romania paid EUR 77.1 million to the European Union and the World Bank since the beginning of the year, business-review.eu informs. Romania is repaying the stand-by loan contracted in 2009, the entire amount representing interest and commissions, according to data submitted by the Ministry of Public Finance (MFP) to Agerpres. The largest amount has to be repaid to the European Union, respectively EUR ...

European Union's Cohesion Fund invests 266 million euro in four major water projects in Romania

Thursday, July 20, 2017

The European Union's Cohesion Fund invests 266 million euro in four major water infrastructure and water management projects in Romania, which have been approved by the European authorities, according to a press release from the European Commission Representation in ...

Eurostat: Romania recorded in May 2017 the highest drop in construction works of EU

Thursday, July 20, 2017

Romania recorded in May 2017 the highest drop in construction works of the European Union (EU), namely minus 16.7 pct compared to May 2016, according to data released on Wednesday by the European Statistical Office (Eurostat). In the Eurozone, ...

KPMG: Romania, ranked 49 among countries that can best cope with shocks

Thursday, July 20, 2017

Romania made major progresses in its ability to respond to significant changes, as it climbed over 32 positions compared to the previous year in KPMG‘s Change Readiness Index 2017, business-review.eu reads. Romania is ranked 49, with a score of 0.542 points, up from 0.480 points in 2015. Romania is outranked by countries such as the Czech Republic –25, Poland – 28, Slovakia – 30,Armenia – 34, Kazakhstan ...

Study: only 3 out of 10 employees consider themselves satisfied with the extrasalary benefits offered by the employer

Thursday, July 20, 2017

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Only 28% of the Romanian employees consider themselves satisfied with the extrasalary benefits offered by the company where they work, shows a survey published on Wednesday by the recruitment site eJobs which also shows that employees want most to benefit  from courses of personal development or medical subscription to private clinics. The survey was made between 26 April and 27 June 2017 on a sample of 1,500 employees, all active professionally ...

President Iohannis urges Romanians, ethnic Hungarians to work together as only solution for them

Wednesday, July 19, 2017

At the end of a visit to the central city of Sfantu Gheorghe on Tuesday, President Klaus Iohannis urged Romanians and ethnic Hungarians to cooperate. "There is a message to Romanians and Hungarians, to Hungarians and Romanians: let us work together, because that is the only solution for us," Iohannis said after a meeting with officials of business clusters, professional associations and business incubators in the central county of ...

PM Tudose and his Bulgarian counterpart, Boiko Borisov, agreed a joint meeting in Varna this fall

Wednesday, July 19, 2017

The Romanian Prime Minister, Mihai Tudose and his Bulgarian counterpart, Boiko Borisov have agreed on Monday evening in a telephone call that the two governments will have a joint meeting in Varna this fall, to set up the details to fathering a trilateral of Romania, Bulgaria and Greece, the agenda of which will include the tourism's boosting in the region, a release by the ...

Meeting of Prime Minister Mihai Tudose with UK Ambassador in Bucharest Paul Brummell

Wednesday, July 19, 2017

The Brexit negotiations and the development of the bilateral economic relations were the topics discussed on Tuesday at the meeting of Prime Minister Mihai Tudose with UK Ambassador in Bucharest Paul Brummell. According to a Government release, in the Brexit context, Prime Minister Tudose underscored that the Government wants to closely work with the UK, so ...

"King Ferdinand" frigate takes part in the BREEZE 17 multinational exercise, from 18 to 21 July

Wednesday, July 19, 2017

"King Ferdinand" frigate is taking part for three days in the BREEZE 17 multinational exercise, according to a release sent by the Romanian Naval Forces. The frigate is participating from 18 to 21 July, alongside the "Zborul" missile-carrying ...

ANAF head dismissed by PM Tudose

Wednesday, July 19, 2017

Prime Minister Mihai Tudose decided on Tuesday to dismiss Bogdan Stan as head of the National Agency for Fiscal Administration (ANAF), because Stan didn't come up with concrete measures in the area of financial discipline and agency reorganisation, official sources told ...

Bloomberg: Rapid growth of salaries diminishes Romania’s competitiveness

Wednesday, July 19, 2017

The Government’s policies from Bucharest to hike in salaries in the public sector and the minimum salary increase also impacts the private sector, but when the efficiency doesn’t keep up with the salaries increase, Romania’s competitiveness is diminished, which is bad for the inflation and economic growth, says Lucian Croitoru, counselor of the governor of the National Bank of Romania (BNR), according to Bloomberg, quoted by ...

Euro trades at 4.5595 lei on Tuesday

Wednesday, July 19, 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 ...

Florin Citu (PNL): International institutions estimate budget deficit of 3.5%-4% in 2017

Wednesday, July 19, 2017

Liberal (PNL) senator Florin Citu accuses Social-democrat (PSD) leader Liviu Dragnea of disinformation because he has not presented the most important estimate made by international institutions about Romania - that of budget deficit, which was estimated between 3.5% and 4% for 2017. “The most important estimate is budget deficit. All these institutions, without exception, estimate a budget deficit between 3.5% and 4% for 2017. Dragnea and PSD ...

Survey: Almost 66 pct of Romanian entrepreneurs are against the turnover tax

Wednesday, July 19, 2017

Almost 66 pct of Romanian entrepreneurs are against the replacement of the profit tax with the turnover tax for all Romania-based companies beginning January 1, 2018, and only 28 pct support this measure, reveals a survey conducted between July 10 --13, 2017 on 385 ...

Ambassador Hussain Sinjari : Iraqi Business Centre will open in Bucharest this August

Wednesday, July 19, 2017

Romanian companies are welcome to Iraq to contribute toward rebuilding the country, and an Iraqi Business Centre will open in Bucharest this August, Iraqi ambassador in Bucharest Hussain Sinjari said Tuesday. The statement comes after fights in ...

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