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Consolidated budget in the first three months of 2017 ended with a 1.52 billion lei surplus

Wednesday, April 26, 2017

The execution of the general consolidated budget in the first three months of 2017 ended with a 1.52 billion lei surplus, representing 0.19 percent of the GDP, the Public Finance Ministry (MFP) informs on Tuesday. In comparison, in 2016 Q1, the ...

Euro trades at 4.5250 lei on Tuesday

Wednesday, April 26, 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 ...

Minister Vasilescu: wages of all the public servants are going to raise as of 1 January 2018 by 25 percent

Wednesday, April 26, 2017

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 The wages of all the public servants are going to raise as of 1 January 2018 by 25 percent, on Monday night announced the Labour and Social Justice Minister, Lia Olguta Vasilescu, at the TVR1 public ...

Romania's population, business unprepared for planned fiscal policy changes - AmCham

Wednesday, April 26, 2017

Romania should keep its current flat income tax as the administration, population and business are unprepared for such a major shift in fiscal policy, the American Chamber of Commerce in Romania, AmCham in Romania, said on Tuesday. "In the context of the recent information in the media on the intention to introduce the global income tax, AmCham Romania hereby reiterates its firm support for maintaining the current flat tax that proved to be the most ...

In  2016,  349  thousand  economically  inactive  persons  wanted  to work,  but were  either  not  seeking a job  or  not available to start working

Wednesday, April 26, 2017

In 2016 the share of underemployed persons in the total economically active population was 2.4%, with 0.5 percentage points lower than the previous year Potential  additional  labour  force  comprised  a  number  of  349  thousand  persons,  decreasing ...

Exhibition of folk arts from Japan's region of Tohoku, opened at the Dimitrie Gusti Village Museum in Bucharest

Wednesday, April 26, 2017

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Japan's ambassador to Romania Kisaburo Ishii said Tuesday that the exhibition of folk arts from Japan's region of Tohoku, opened the same day at the Dimitrie Gusti Village Museum in Bucharest is a part of Japan's ...

Justice Ministry's initiative to convene the CVM Committee

Tuesday, April 25, 2017

Justice Minister Tudorel Toader convened on Monday the Committee overseeing the progresses recorded by Romania in the area of judicial system reform and fight against corruption, context in which topics such as the stability and predictability of the normative framework were tackled, but also ensuring justice ...

Challenge filed by Liviu Dragnea in the "Referendum" case, rejected

Tuesday, April 25, 2017

A panel of five judges of the High Court of Cassation and Justice rejected on Monday the challenge filed by Social Democrat leader Liviu Dragnea to the two-year suspended sentence handed down to him in the "Referendum" case. The decision is final. Dragnea was sentenced last year for illegally using his influence within the party to sway a 2012 presidential impeachment ...

DNA requires the third arrest warrant on the name of Sebastian Ghita

Tuesday, April 25, 2017

The National Anticorruption Directorate (DNA) required the judges from the High Court of Cassation and Justice to issue the third warrant for the former deputy Sebastian Ghita. After  fleeing the country there were issued two arrest warrants by the High Court of Cassation and Justice and the Court of Appeal Ploiesti. The former deputy  is at present in Serbia, from where the Romanian authorities try to extradite him.According to the site of ...

Public Prosecution Service opens case regarding December 2009 presidential election

Tuesday, April 25, 2017

The Public Prosecution Service on Monday announced having opened a criminal court case and conducting in rem investigations into allegations of abuse of office and forgery of electoral documents and recordings related to the December 2009 presidential election, following public revelations by journalist Dan Andronic. "Today, April 24, 2017, a criminal file ...

Deputy Political Chief and Political Military Officer with the U.S. Embassy had a meeting with Deputies' Chamber committee on defence

Tuesday, April 25, 2017

The leaders of the Deputies' Chamber committee on defence, public order and national security on Monday had a meeting with Joseph J. Fitzgerald, Deputy Political Chief and Political Military Officer with the U.S. Embassy in Bucharest, to discuss the challenges on NATO's eastern flank and the investments in the defence area. According to a release, Joseph J. Fitzgerald paid a visit to prepare some periodical meetings aimed at improving the cooperation in the ...

Typhoon aircraft of Royal Air Forces landed at the Mihail Kogalniceanu military base

Tuesday, April 25, 2017

Four Typhoon aircraft of the British Royal Air Forces on Monday landed at the Mihail Kogalniceanu military base, according to a press statement released by Romania's Defence Ministry. "A British detachment made up of nearly 150 troops (pilots and technical staff) will be conducting air policing missions aboard Typhoon aircraft, jointly with MiG-21 and LanceR aircraft and troops of the Romanian Air Force," the ministry added. Joint air ...

Platinum Eagle multinational exercise is taking place at the Babadag Training Centre, April 24 - May 4

Tuesday, April 25, 2017

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A number of 200 servicemen of the 'Marasesti' 9th Mechanised Brigade of the Romanian Land Forces and of the 307th Naval Infantry Battalion are participating over April 24 - May 4 in the Platinum Eagle 17.2 module of the Black Sea Rotational Force 17 exercise taking place at the Babadag Training Centre - Tulcea ...

Eurostat: Romania has 3 pct of GDP budget deficit in 2016

Tuesday, April 25, 2017

Romania, alongside three other EU Member States, had a government deficit (calculated based on ESA methodology, the European Accounts system - e.n.) of 3 pct or more of the GDP, according to a preliminary estimate released on Monday by Eurostat. In contrast, at the end of 2016, Romania was among the EU Member States with the lowest level of government debt against the Gross Domestic Product (37.6 pct). Eurostat points out that ...

Euro trades at 4.5340 lei on Monday

Tuesday, April 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 follows: CURRENCY SYMBOL ...

Romania sells planned 800 mln lei (176 mln euro) in 2019 T-notes, yield falls

Tuesday, April 25, 2017

Romania on Monday sold 800 million lei ($188 million/176 million euro) of Treasury notes maturing on February 25, 2019, in line with its target, central bank data showed, seenews.com reports. The average accepted yield at the auction fell to 1.48% from 1.59% at a previous auction of government securities of the same issue held in March, the data indicated. Demand for the T-notes, which carry an annual coupon of 1.35%, rose to ...

Sergiu Manea (BCR) replaces Steven van Groningen (Raiffeisen Bank) at the leadership of CPBR

Tuesday, April 25, 2017

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The council of the banking employers of Romania (CPBR) the employers’ organisation of the Romanian banking sector decided to nominate Sergiu Manea, CEO of Romanian Commercial Bank as chairman of the Board of CPBR.Manea comes after Steven van Groningen at the end of his three-year mandate. The members of the board of CPBR decided to renew the mandate of the vicechairman Rasvan Radu, CEO of UniCredit Bank. Steven van Groningen, the chairman of Raiffeien Bank  is ...

Malin-Matei Musetescu, the new Governor for the Danube Delta Biosphere Reserve Administration

Tuesday, April 25, 2017

Malin-Matei Musetescu was appointed Governor, with rank of state undersecretary with the Danube Delta Biosphere Reserve Administration (ARBDD), by decision of Prime Minister Sorin Grindeanu. The ...

A baby of only five months of age has passed away on Monday due to measles

Tuesday, April 25, 2017

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Another baby of only five months of age has passed away on Monday due to measles in western Timisoara, at the "Victor Babes" Infectious Diseases Hospital. The hospital's spokesperson ...

Ukraine plans to establish railway communication with Hungary, Slovakia, Romania

Tuesday, April 25, 2017

Taking into account the EU-Ukraine visa liberalization, the Ukrainian Railways (Ukrzaliznytsia) plans to establish railway communication connections with the neighboring Hungary, Slovakia and Romania, ukrinform.net informs. Ukrzaliznytsia CEO Wojciech Balczun said this in an interview with the Rynek kolejowy Polish web portal. "We have already begun the internal work to speed up certain activities related to the expected large ...

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