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Romania and Italy unite to halt abuse of women migrants

Tuesday, March 21, 2017

Romania has agreed to collaborate with Italian authorities to stop abuses in a Sicilian province, after an Observer investigation found that thousands of Romanian agricultural workers were being used as forced labour and sexually exploited by their ...

Corina Cretu: EC waits for the documents from Romania’s government regarding the sustainability of the measures announced

Tuesday, March 21, 2017

The European Commission waits for the proofs from the Romanian government that they are able to support the salary and pensions increases and they will not surpass a budgetary deficit of 3% so that our country gets infringement and observation for the way in which the budgetary deficit is surpassed, stated on Monday for Europa FM the European commissionaire for regional policies Corina Cretu. Corina Cretu said that in ...

Euro trades at 4.5627 lei on Monday

Tuesday, March 21, 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 ...

Study: Romania, the economy most dependent on multinationals in the EU

Tuesday, March 21, 2017

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The results of the most recent research made by prof.dr.Cezar Mereuta on the basis of the Eurostat data show that Romania is the first in the EU regarding the dependence of the economy to multinationals with 48% of the total turnover and 44% of the VAT of the economy generated by foreign companies. By comparison, in Poland the multinationals generate almost 30% of the total turnover of the economy and 29% of the total VAT. ‘ The surprising result ...

Daianu (BNR): the work market of Romania represents a strange co-habitation of surplus and scarcity

Tuesday, March 21, 2017

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The work market of Romania represents a strange cohabitation between surplus and scarcity, fact which creates excess and deficit, considers Daniel Daianu, member in the Council for the supervision of the National Bank of Romania (BNR) in an opinion published on the blog of the institution. ‘A precarious balance regards the work market, more tensed due to migration, discrepancies between demand and supply, ageing, etc.. There is on the market a ...

ANOFM: unemployment rate recorded 4.80 percent in January 2017

Tuesday, March 21, 2017

The unemployment rate recorded in the National Employment Agency (ANOFM) records was 4.80 percent in January 2017, higher by 0.03 percentage points compared to the one of the previous month and lower by 0.01 percentage points compared to the one in January 2016, according to a ANOFM release sent on ...

Most CFOs in Romania expect 2.6 pct growth of GDP this year, says Deloitte survey

Tuesday, March 21, 2017

Most of the Romanian CFOs surveyed by professional services firm Deloitte expect their revenues to increase in the following year, while almost half of them expect the local economy to grow by 2.6 percent of GDP in 2017, below the estimates of the government and of international financial institutions, business-review.eu informs. “With the highest economic growth in Europe in 2016, Romania experienced a period ...

Eurostat: Production in construction down by 2.3% in euro area, but down by 1.5% in EU28

Tuesday, March 21, 2017

In January 2017 compared with December 2016, seasonally adjusted production in the construction sector decreased by 2.3% in the euro area (EA19) and by 1.5% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In December 2016, production in construction fell by 0.6% in the euro area, while it grew by 0.2% in the EU28. In January 2017 compared with January 2016, production in construction decreased by 6.2% in the euro area and ...

Eurostat: Annual growth in labour costs at 1.6% in euro area and at 1.7% in EU28

Tuesday, March 21, 2017

 Hourly labour costs rose by 1.6% in the euro area (EA19) and by 1.7% in the EU28 in the fourth quarter of 2016, compared with the same quarter of the previous year. In the third quarter of 2016, hourly labour costs increased by 1.4% and 1.8% respectively. These figures are published by Eurostat, the statistical office of the European Union. The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, ...

Forbes: the wealthiest Romanian Ion Tiriac is ranked 1,795th at world level

Tuesday, March 21, 2017

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Ion Tiriac is the only Romanian included in the latest edition of the top of billionaires made by the American magazine Forbes with wealth of 1.1 billion dollars which places him 1,795 th at global level. First at world level continues to be Bill Gates, the founder of Microsoft with wealth of 86 billion dollars, followed by the American investor Warren Buffet with a wealth of 75.6 billion dollars. The Spaniard Amancio Ortega, the owner of the Zara ...

President Iohannis says he and PM Grindeanu are on the same page about EU

Monday, March 20, 2017

President Klaus Iohannis said Friday that he and Prime Minister Sorin Grindeanu were on the same page when discussing the future of the European Union in front of European leaders, adding that the Rome European summit does not need to be discussed in Parliament. "For the time being I have not been asked for a meeting [by Prime Minister Grindeanu], but we are ...

Former premier Dacian Ciolos meets the chairman of the European Commission Jean-Claude Juncker on Monday

Monday, March 20, 2017

The chairman of the European Commision Jean-Claude Juncker has in his agenda on Monday a meeting with the former prime-minister of Romania Dacian Ciolos, the meeting appearing on the official agenda of the EC chairman. The meeting between Jean-Claude Juncker and Dacian Ciolos will take place during a visit the former premier pays to Brussels. Ciolos will meet Miguel Arian Canete, the European commissionaire for energy on Tuesday ...

CSAT will discuss the controversial purchase of corvettes at its meeting on Tuesda, Iohannis said

Monday, March 20, 2017

President Klaus Iohannis on Friday said that the Supreme Council for National Defence (CSAT) will discuss the controversial purchase of corvettes at its meeting on Tuesday. "I do not think there are problems, but certainly that will be a matter to be discussed by CSAT," Iohannis said at the Cotroceni Presidential Palace. A CSAT meeting chaired by Iohannis is scheduled for Tuesday at the Cotroceni Presidential Palace. The ...

DefMin Les met Poland's ambassador Marcin Wilczek

Monday, March 20, 2017

 Bilateral defence cooperation under a strategic partnership between Romania and Poland, implementing the decisions of the Warsaw summit and coordinating actions in regional formats were the main topics of conversation at a meeting on Friday of Romanian Defence Minister Gabriel Les and Poland's ambassador Marcin ...

New Romanian ambassadors for Tunisia, Senegal and Turkmenistan

Monday, March 20, 2017

President Klaus Iohannis on Friday accredited Dan Stoenescu, a former minister for Romanians abroad, as Romania's ambassador to Tunisia. Stoenescu was replaced from office last July by former Prime Minister Ciolos, along with three other ministers. Iohannis also signed the accreditation letter for Elena Stefoi as Romania's ambassador extraordinary and plenipotentiary to Senegal and as Romania's ambassador extraordinary and plenipotentiary to ...

Deputy Prime Minister and Foreign Affairs Minister of Turkmenistan, Rasid Meredov, received at the Cotroceni Palace

Monday, March 20, 2017

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President Klaus Iohannis welcomed on Friday at the Cotroceni Palace Deputy Prime Minister and Foreign Affairs Minister of Turkmenistan Rasid Meredov, context in which they highlighted the importance of developing the economic cooperation in the energy, transport and bilateral trade areas, according to a press release of the Presidential ...

Turkmen Deputy PM and Foreign Minister Rashid Meredov had a meeting at MAE headquarters

Monday, March 20, 2017

Romania and Turkmenistan have a partnership of a strategic value, and the bilateral relation must be consolidated and its economic potential must be capitalised on particularly in the energy and transport area, Foreign Affairs Minister Teodor Melescanu said on Friday, at the end of the meeting held at the Foreign Affairs Ministry (MAE) headquarters with his Turkmen counterpart Rashid ...

President Iohannis: talks with a visiting delegation of IMF were somber in tone

Monday, March 20, 2017

Romania's President Klaus Iohannis on Thursday welcomed at the Cotroceni Presidential Palace a delegation of the International Monetary Fund (IMF) led by head of the IMF mission for Romania Reza Baqir. The Presidential Administration reports in a press statement that the meeting was designed to unveil the main conclusion of the mission's periodic evaluation by virtue of Romania being a member state of the International Monetary ...

IMF estimates 3.7 percent budget deficit for 2017

Monday, March 20, 2017

The International Monetary Fund (IMF) estimates a 3.7 percent budget deficit for this year and a 3.9 percent deficit for 2018, head of the IMF mission for Romania Reza Baqir told a press conference on Friday. For this year, we estimate that, if no other measures are taken besides those already included in the budget, the projected deficit will be 3.7 percent ...

Reza Baqir (IMF): Listing companies owned by the state would raise Romania to the status of emergent market

Monday, March 20, 2017

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Listing companies owned by the state such as the Hidroelectrica would raise Romania to the status of emergent market, and the cost of lending would drop, head of the International Monetary Fund (IMF) mission in Romania Reza Baqir told a press conference on Wednesday. He said that the enterprises of the state (SOE) were part of their programme for some time. Moreover he stated that the progresses within the privatization process stagnated and added that it's ...

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