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BNR-EIB survey: Political and regulatory climate, the main short-term barrier to implementing investment

Thursday, June 22, 2017

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* Romania still needs strong investment. Over the last three years, the investment was the right amount, only 12 percent of firms being finance constrained. However, the investment outlook in Romania is mixed. Political and regulatory climate is the main short-term barrier to implementing investment and productivity levels are well below the EU average, BNR-EIB survey reveals quoted by romaniajournal.ro. Nearly three ...

Mercer’s 23rd annual Cost of Living Survey : Bucharest, still among the cheapest cities for expats

Thursday, June 22, 2017

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Romania’s capital Bucharest fell to 181st this year in the most expensive cities for expats in the world from 172nd  in 2016, according to Mercer’s 23rd annual Cost of Living Survey. Asian cities continue to dominate the rankings, with five in the top 10. However, Luanda, the capital of Angola, was the costliest city, driven by cost of goods and security, followed by Hong Kong and Tokyo at the second ...

Wild Carpathia: “the forest is Romanian’s brother”

Thursday, June 22, 2017

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By Dr.Ion Jinga, Ambassador, Permanent Representative of Romania to the United Nations, New York The first-ever United Nations Summit on Oceans, which took place in New York on 5-9 June, has reached a global agreement to reverse the decline of the ocean’s health, with more than 1,300 pledged actions for protecting the ocean and the adoption of a 14-point Call for Action to conserve and sustainably use oceans, seas and marine ...

President Iohannis: Romania considers a priority approaching the causes having generated the refugees crisis

Wednesday, June 21, 2017

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Migration is raising questions to the entire world community, and marking the World Refugee Day is a moment of reflection on the risks faced by refugees in search for a secure life and decent living, as well as on the challenges humanitarian players have to cope with in order to find lasting solutions to refugee issues, Romania's President Klaus Iohannis said Tuesday in ...

President Iohannis awarded with 'St. George' Order, dedicates it to highly valued Romania - Germany friendship

Wednesday, June 21, 2017

 President Klaus Iohannis was presented on Tuesday in Berlin with the 'Order of St. George' by Professor Hans-Joachim Frey, Artistic Director of the SemperOpernball in Dresden. "It is with great pleasure that I receive the 'Order of St. George' and I dedicate it to the Romanian — German friendship which we greatly appreciate. The name of the Order ...

Romanian Parliament to Hold No-Confidence Vote

Wednesday, June 21, 2017

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* Parliament is to vote today on a Social Democratic Party motion of no confidence in its own government after a week of political turmoil and a nationalist backlash over a failed deal with an ethnic Hungarian party. Romania’s parliament is set to vote on Wednesday on a no-confidence motion on the government led by the ruling Social Democratic Party, PSD – a motion launched by the PSD itself, balkaninsight.com ...

Romania's political crisis explained by AFP

Wednesday, June 21, 2017

* Romania's governing left-wing Social Democrats (PSD) are expected to try to torpedo their own government on Wednesday after just five months in office, AFP correspondent reports. According to AFP anlysis quoted by au.news.yahoo.com, the extraordinary turn of events will see the PSD present to parliament a motion of no confidence in Prime Minister Sorin Grindeanu. Whether it is approved is another matter, ...

Political crisis hits national currency, the weakest RON/EUR exchange rate in five years

Wednesday, June 21, 2017

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The political crisis seems to hit the national currency every day, romaniajournal.ro reads. On Tuesday the National Bank exchange rates revealed the weakest RON in five years against the European currency, i.e. RON 4.5957 for EUR. The previous low level was in August 3, 2012, when BNR announced a reference exchange rate of RON 4.6481 for EUR. The exchange rate also changed against the US dollar and the Swiss Franc: RON 4.1189 ...

Voinea (BNR): From monetary policy perspective, no other option for Romania but to join Eurozone

Wednesday, June 21, 2017

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From the monetary policy perspective there is no other option for Romania but to join the Eurozone, and the question is when and how, stated Liviu Voinea, Deputy Governor of the National Bank of Romania (BNR) on Wednesday, during "Romania 10 years in the EU. Progress, development perspectives, challenges" forum. "I would like to clearly express the National ...

ROMANIAN DELEGATION PARTICIPATES IN 2017 SELECTUSA INVESTMENT SUMMIT

Wednesday, June 21, 2017

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* Romanian Companies Join Global Business Leaders and U.S. Government Officials at Top Investment Event U.S. Ambassador to Romania Hans Klemm Tuesday announced that 23 delegates from 17 companies from a variety of industries across Romania traveled to Washington D.C. to participate in the SelectUSA Investment Summit (Summit), June 18-20, a press release sent to ACTMedia by the US Embassy informs. The Summit is the highest profile event to ...

Austria's Ambassador Gerhard Reiweger: Romania needs "a more regional approach"

Wednesday, June 21, 2017

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Austria's Ambassador in Bucharest Gerhard Reiweger stated on Tuesday during the "Profit Growth Forum" event that he thinks Romania needs "a more regional approach" in order to progress even more. The diplomat spoke about Romania's economic development in recent years and about the Austrian investments in our country. "Part of the success story is illustrated by the direct investments," said Reiweger. "I believe we need to put ...

Ambassador Brummell: Britain will always remain a partner for Romania

Wednesday, June 21, 2017

Britain will always remain a partner for Romania, for the community bloc, the UK ambassador in Bucharest, Paul Brummell said on Tuesday at the National Bank of Romania (BNR)'s "Profit Growth Forum" event. The diplomat spoke about the beginning of the Brexit ...

Dean Thompson (US Embassy): Romania must encourage the diaspora to invest back home, an environment without corruption, a competitive one

Wednesday, June 21, 2017

Romania must create an environment in order to encourage the diaspora to invest back home, an environment without corruption, a competitive one, Deputy Chief of Mission of the US Embassy in Bucharest Dean Thompson stated. He spoke at the National Bank of Romania (BNR) within the event called "Profit Growth.forum". He referred to the progresses that Romania has made since joining the EU in the areas of democracy, the rule of law and the ...

Achim Troster (German Embassy): Romania still has a great growth potential, but it must be boosted

Wednesday, June 21, 2017

Romania still has a great growth potential, but it must be boosted, stated Achim Troster, Deputy Head of Diplomatic Mission of the German Embassy in Bucharest, on Tuesday, at Romanian National Bank's headquarters. Present at the "Profit Growth Forum" event, he said that Germany wishes that Romania becomes "a stronger, more modern" partner, "actively contributing to the European Unions's strengthening and future." "In other words, Germany ...

GfK: retail market in Romania will increase this year by 10 percent

Wednesday, June 21, 2017

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The retail market in Romania will increase this year by 10 percent, much over the 1.5 percent average of the EU member states, a research by GfK ...

Seini, one of the success stories of the Smart City concept

Wednesday, June 21, 2017

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A former fortress, the Transylvanian town of Seini is among the oldest settlements in Romania. Located in the Somes river meadow and flanked by mellow hills of which the highpoint is represented by the northern Comja hill, Seini - Maramures County is currently a model to be followed as regards the implementation of the Smart City concept. Seini is the first town in Romania to produce energy from manure and household waste in a gas-to-grid biogas plant inaugurated in ...

Two new checkpoints to open on Bulgaria-Romania border

Wednesday, June 21, 2017

Two new border checkpoints between Bulgaria and Romania are due to open soon, Bulgaria’s interior ministry said on Tuesday, seenews.com informs On Bulgarian territory the two checkpoints will be located near the towns of Krushari and Kainardzha, while in Romania they will be near the towns of Dobromir and Lipnitsa, Bulgaria’s interior ministry said in a statement, following a meeting between interior minister Valentin Radev and his Romanian ...

Angela Merkel: Germany, Romania want to cooperate closer in EU defence matters

Tuesday, June 20, 2017

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 There are defence efforts deployed inside the European Union, where closer cooperation is being sought, as the EU is reconfirming its attachment to Article 5 in the NATO Treaty, Germany's Chancellor Angela Merkel told a joint news conference in Berlin with Romania's President Klaus Iohannis. At the end of their meeting in Berlin, Merkel and Iohannis ...

President Iohannis : Romania is stable country

Tuesday, June 20, 2017

 Romania is a stable, solid country, with a functioning economy, President Klaus Iohannis said on Monday during the talks he had in Berlin with Federal Republic of Germany Chancellor Angela Merkel. "In respect to the political crisis back home, Mrs Chancellor naturally doesn't wish to voice an opinion, but we had a short discussion on this topic, and I ...

President Iohannis: Romania's relation with Germany not only strategic, but privileged

Tuesday, June 20, 2017

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Romania's relationship with Germany is not only of strategic importance, but it is also privileged, Romania's President Klaus Iohannis stated on Monday at the end of talks he had with Germany's Chancellor Angela Merkel. "For Romania, the relation with Germany is not only one of strategic importance, but a privileged relation and definitely one of the best ...

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