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MEP Catalin Ivan: what Romania lacks now is a country project in Europe

Monday, October 23, 2017

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We know what we want as a country from Europe, which are the strategies that we reach clear objectives, concrete for Romania, stated on Friday the MEP Catalin Ivan. ‘What Romania lacks now is a country project in Europe. Practically, we don’t  know now what we desire as a country from Europe, which are the strategies that we reach clear objectives, concrete for Romania, for the Romanians who live in the country, for the Romanians who ...

Sage (IBM): We see Romania both as a market on its own and a huge source of talents

Monday, October 23, 2017

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The IBM company sees Romania both as a market on its own and a ‘ huge source of talents’ stated on Friday Jonathan Sage – government and regulatory affairs executive IBM. The IBM representative took part in a discussion about the programme ‘ Trade Winds’ which brings to Romania the most important American commercial mission. He said that, at present, IBM has 3,000 employees who work in ...

The liberals propose a budget draft on 2018 with a deficit of 1.8% of GDP

Monday, October 23, 2017

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The liberals propose a budget draft for 2018 with a deficit of 1.8% of GDP announced on Friday the vicechairman of liberal party, PNL, Florin Citu. ‘We have again a year where the governing party does not bring a budget draft in the parliament on the date when the law of public finances mentions it, 15 October. As we have seen what is happening with the discussion about taxes, it is clear that the governing party has issues in building a budget ...

Euro trades at 4.5975 lei on Friday

Monday, October 23, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Friday by the banks authorised to operate on the currency market is as ...

BCR: Romania’s economy to increase by 6.1% this year

Monday, October 23, 2017

Romania’s largest lender BCR, part of the Austrian group Erste, has revised upwards its estimate on the country’s GDP growth to 6.1% for this year, romania-insider.com informs. It is its third positive revision since June, after previous estimates of 5.5% in August, 5.1% in June and 4.3% previously. The bank’s economists have revised upwards the GDP growth as the agricultural output has exceeded expectations, ...

Approximately 5% of the Romanians consider that a monthly income of 750 lei is enough for a decent living

Monday, October 23, 2017

Over 5% of the households consider that it would be enough to have a monthly income under 750 lei to lead a decent life, while 26.3% consider that an income of over 3,000 lei would be satisfying to cover the current expenses, according to a report of the National Statistics Institute - INS. Accoring to INS an income between 751 and 1,250 lei is ...

In 2016, the environmental protection expenditure at national level was RON 9.0 billion, accounting for 1.2% of GDP

Monday, October 23, 2017

At national level, the highest environmental protection expenditure was recorded in waste sector, for the specialized producers, with a share of 76.6% in total waste related expenditure. At national level, the highest investments for environmental protection were recorded for waste water management by general government, with a share of 61.0% in total investments in waste water ...

Culture Minister Romascanu says he gets called by embassies, chancelleries inquiring about hot-button media issue

Monday, October 23, 2017

Minister of Culture and National Identity Lucian Romascanu says he is getting called "by foreign embassies" and asked about the subject of Romanian media politicization. "You can't just hold a tenured position, they don't understand, and I get called by embassies, chancelleries inquiring: 'Sir, what are you doing? Are you politicizing media outlets?' 'No, it's not the media. It's just AGERPRES, and we don't politicize it, but attempt — until we ...

The third edition of Kazakh Film Festival starts today at Cinema Elvire Popesco

Monday, October 23, 2017

The Embassy of the Republic of Kazakhstan in Romania, in collaboration with KMG International, offers film enthusiasts the third edition of Kazakh Film Festival. One of largest event of its kind in Europe, the festival takes place from October 23rd through October 25th, at Cinema Elvire Popesco (The French Institute). “The event is organized on the occasion of 26 years of independence of Kazakhstan. It is our great joy to continue to present our ...

President Iohannis: I agreed with Donald Tusk to have informal meeting in Sibiu on Europe Day 2019

Friday, October 20, 2017

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 President Klaus Iohannis announced in Brussels on Thursday that he agreed with European Council President Donald Tusk to have an informal meeting on Europe Day - 9 May 2019 - in Sibiu. "Today and tomorrow we have the meeting of the European Council with a full agenda and I would mention a few topics that are very important to us in Romania. The ...

 European Commissioner Vytenis Andriukaitis: studies are carried out în EU regarding poor quality food, from country to country

Friday, October 20, 2017

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On a visit to Bucharest on Thursday, European Commissioner for Health and Food Safety Vytenis Andriukaitis talked about the studies carried out at the level of the 28 EU member states into the possibility of existing several poor quality food, from country to country, underscoring ...

US ambassador Klemm : “there is no stronger partner for the United States in this part of the world than Romania”

Friday, October 20, 2017

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The US ambassador to Romania, Hans Klemm, said during the launch of the Trade Winds Forum in Bucharest, that “there is no stronger partner for the United States in this part of the world than Romania”. “It’s a peaceful country, one with very strong affections for the United States, it has a rapidly growing economy, the fastest growing in the European Union; it offers an investment climate that is ...

PM Tudose met EIB officials at the Government House

Friday, October 20, 2017

 The Government's interest is to stimulate investment and therefore it wants to simplify public procurement legislation and make it suppler, Prime Minister Mihai Tudose said at a meeting with European Investment Bank (EIB) officials at the Government House on Thursday. During the meeting, Tudose reviewed the priority areas in terms of expertise and financing that the EIB can still grant to Romania. At the same time, he and the attending ...

DdefMin Fifor participated at the inauguration of NATO Counterintelligence Centre of Excellence in Krakow

Friday, October 20, 2017

Romania's Defence Minister Mihai Fifor on Thursday attended the inauguration ceremony of the NATO Counterintelligence Centre of Excellence in Krakow, along with his counterparts from Poland, Slovakia and Hungary, as well as Deputy Supreme Allied Commander Transformation (DSACT) Manfred Nielson. "This centre was set up because training and developing NATO specialists in military counterintelligence has to be provided in a unitary format. Romania will use every ...

FinMin Misa: Employers to pay 2pct of wage pool into gov't account as from Jan. 1, 2018

Friday, October 20, 2017

Employers will be setting aside 2 percent of their wage pools, as from 2018, with most of the money to be paid into a governmental account, Minister of Public Finance Ionut Misa announced on Thursday. "Two percent does not mean the wage pool entirely. Part of this 2 percent will become governmental income in the national budget, which in turn will be used to ...

SMEs employers against 2pc solidarity tax, say all companies will automatically be shifted to the highest risk group

Friday, October 20, 2017

The National Council for Small and Medium-Sized Enterprises in Romania (CNIPMMR) disagrees with the intention announced by the Government to introduce a 2% solidarity tax from the wage fund paid by the employer, in the context of the transfer of contributions from the employer to the employee, romaniajournal.ro reads. In the Council’s view, the introduction of a 2% solidarity tax paid by the employer has the following effects: “All ...

Government's objective is attracting EU funds is 5.2 billion euro by the end of 2017

Friday, October 20, 2017

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The Government's objective in attracting EU funds is 5.2 billion euro, a target to be achieved by the end of this year, with 3.3 billion euro to be attracted under the Agricultural Policy and 1.9 billion under the Cohesion Policy, reads a document. The Executive continued the process of signing the financing agreements, so that it reached up to a total of documents signed worth 5.8 billion euros. "We have launched new financing lines, both ...

World Bank raises Romania 2017 GDP growth fcast to 5.5%

Friday, October 20, 2017

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The World Bank said on Thursday it has raised its forecast for Romania's economic growth in 2017 to 5.5% from 4.4% projected in June, seenews.com informs. The projections for economic growth in Romania for 2018 and 2019 were also lifted to 4.1% and 3.6%, respectively, the World Bank said in its Europe and Central Asia Economic Update, October ...

6-month ROBOR index continues upward trend, exceeds the 2pc threshold

Friday, October 20, 2017

The 3-month ROBOR index, the average interest rate on which Romanian banks borrow from each other, has remained steady on Thursday on the interbank market at 1.84%, the National Bank of Romania (BNR) informs quoted by romaniajournal.ro. The 6-month ROBOR index has grown up to 2.01% from 1.98% on Wednesday. The 9-month ROBOR index has grown to 2.06% from 2.04% on Wednesday. The 6-month ROBOR index was last Friday at the level of ...

Reuters: Romania rejects all bids at tender to sell March 2022 T-bonds

Friday, October 20, 2017

Romania's finance ministry rejected all bids at a tender aimed at selling March 2022 treasury bonds on Thursday, the fifth consecutive failed auction this month, central bank data showed, Reuters correspondent reports. Debt managers, who had planned to sell 300 million lei ($77.34 million) worth of the paper, last auctioned it off in September at an average yield of 2.71 percent. ...

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