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Deloitte: Envisaged tax system overhaul should not be a change at short notice

Monday, April 24, 2017

A major change in the taxation system should not be made at short notice, and this is why the coming into effect of the bill on the global household taxation as early as next year would not be timely, says Dan Badin, Tax & Legal Partner-in-Charge, Deloitte Romania. He explained that before it is adopted, such a bill requires ample public debate, educating the population and solving administrative problems so that its enforcement truly helps solve ...

New Regional office of the British - Romanian Chamber of Commerce (BRCC) în Timisoara

Monday, April 24, 2017

UK Ambassador to Romania Paul Brummell, attending on Thursday the opening of the Timisoara regional office of the British - Romanian Chamber of Commerce (BRCC), said that Romanians are welcome to Great Britain, underscoring that those who work are doing a good job and the students at British universities are high-performing. Romanians do a very good job in Great Britain and are welcome. For instance, there are two thousand Romanian doctors working in ...

Moody's changes the outlook on the Baa3 issuer rating of Romania to stable from positive, ratings affirmed

Monday, April 24, 2017

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  Moody's Investors Service has Friday (April 21 ) changed the outlook on the ratings of the Government of Romania to stable from positive, moodys.com reads. At the same time, the rating agency has affirmed the Baa3 long-term issuer rating and senior unsecured ratings, the (P) Baa3 MTN programme rating, as well as the Prime-3 (P-3) short term issuer rating of Romania. The key drivers for changing the rating outlook to ...

Euro trades at 4.5441 lei on Friday

Monday, April 24, 2017

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

Ambassador Cord Meier-Klodt:  the international companies expect on the part of the Romanian government to keep transparency and predictability in the anti-corruption fight

Monday, April 24, 2017

The international companies, including the German ones, expect on the part of the Romanian government to keep transparency and predictability in all domains, including in the anti-corruption fight, stated the Ambassador of Germany to Bucharest Cord Meier-Klodt, in an interview for News.ro. ‘ The facts are more important than words, you make things happen’ he said to the leaders in Bucharest. In the interview offered on the occasion of 25 ...

Ilie Nastase, expelled from the tie against Great Britain in Mamaia by the International Tennis Federation (ITF)

Monday, April 24, 2017

  Former tennis great Ilie Nastase, Romania's non-playing captain in the Fed Cup playoff, was expelled from the tie against Great Britain in Mamaia after a build-up of incidents and unsportsmanlike conduct, the International Tennis Federation (ITF) said in a statement following the events on Saturday afternoon. According to British media, Nastase engaged in verbal abuse against the umpire and two British players causing the match between Sorana Cirstea ...

Two teens die in April avalanche în Retezat Mountains, one of them Dor Geta Popescu –mountain climber legend

Monday, April 24, 2017

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Dor Geta Popescu, 13, mountain climber legend for Romania, having eight world and European records, has died on Saturday during an avalanche in Retezat Mountains, together with another teenager, Erik Gulacsi, 12, also records holder. Mountain rescuers recuperated their bodies on Sunday. The forensic doctors were to recover them in Carlnic area and investigate the circumstances of the death, according to the procedures. Dor Geta ...

Timmermans in Bucharest: The best warranter of the rule of law is the Romanian people

Friday, April 21, 2017

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The best warranter of the rule of law is the Romanian people, who will continue the fight against corruption after the Cooperation and Verification Mechanism (CVM) process is ended in Romania, on Thursday asserted in Bucharest the visiting First Vice-President of the European Commission, Frans Timmermans. Our fight for the rule of law and for the human ...

Laura Codruta Kovesi meets Slovenia’s ambassador to Bucharest after Sebastian Ghita’s capture

Friday, April 21, 2017

Mihael Zupancic, Slovenia’s ambassador to Bucharest had a meeting with the chief prosecutor of DNA, Codruta Kovesi, with whom he discussed about the fight against corruption in Romania, according to the Facebook page of the embassy, quoted by Mediafax agency. Slovenia authorities have collaborated with the Romanian ones in Ghita s case. ”Ambassador Mihael Zupancic had a meeting with Laura Codruta Kovesi,  DNA ...

Institutions from Serbia, Belgium, R. Moldova, France, Turkey and Croatia, among clients of Teamnet, a company founded by Sebastian Ghita

Friday, April 21, 2017

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The Serbian Interior Ministry, the Serbian Border Police and the Securities Committee from Serbia were among the clients of Teamnet, the company founded by Sebastian Ghita and which has offices in several countries in Europe: Serbia, Belgium, R. Moldova, France, Turkey and Croatia, according to the Teamnet website. In September 2015, the Labour Ministry from Turkey assigned a public procurement contract to a Turkish consortia, net to Teamnet, to ...

Parliament leaders decide to set up investigation commission on 2009 presidential elections

Friday, April 21, 2017

The joint permanent bureaus of the Chamber of Deputies and Senate  decided on Thursday to send a draft decision to the joint plenum by which an investigation commission should be set up to see whether persons or institutions were legally involved in organizing and establishing the result of 2009 presidential elections. The official announcement was made by Liviu Dragnea, the president of the Chamber of Deputies. The decision was made by votes of ...

Reuters: Romania intends to buy Patriot missiles from U.S. to boost defences

Friday, April 21, 2017

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NATO member Romania plans to buy Patriot missiles from U.S. company Raytheon to help protect its airspace, a senior defence ministry official said on Thursday quoted by Reuters correspondent. The plan will be a key part of the European Union country's plan to modernise its military, benefiting from a gradual increase in annual spending. The defence budget in Romania -- a NATO member since 2004 and one of Washington's staunchest ...

Smardan' Secondary Combat Training Centre : US military detachment participated at a tactical exercise with real ammunition

Friday, April 21, 2017

 The 'Smardan' Secondary Combat Training Centre, southeastern Galati County, hosted on Thursday, on a snowy bad weather with strong blizzards, a tactical exercise with real ammunition firing in which also participated the first rotational US military detachment, part of the European Reassurance Initiative ...

PM Grindeanu: Romania running budget surplus of over 1.64 billion lei in Q1

Friday, April 21, 2017

Premier Sorin Grindeanu announced on Thursday that Romania runs a budget surplus of over 1.64 billion lei, specifically 0.2 pct of GDP, in Q1. "This is a bad day for all austerity apostles. (...) I received the latest data from the Finance Ministry and not only. (...) For the first three months of the year we have a budget surplus. Specifically, according to ...

Euro rades at 4.5407 lei on Thursday

Friday, April 21, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Thursday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL ...

CNP: 5.2 percent Romania's 2017 economic growth projection

Friday, April 21, 2017

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The National Prognosis Commission (CNP) has affirmed at 5.2 percent Romania's 2017 economic growth projection, which is a 0.15-percent nominal increase from its previous forecast at 816.5 billion lei, according to the CNP spring 2017 medium-term forecasts 2017-2020. CNP's real economic growth rate forecast for 2018 is set at 5.5 percent The board is also expecting household consumption to decline from 7.3 percent in 2016 to 6.8 percent in ...

Government approves payment of study on Romanian communities living abroad to OCED

Friday, April 21, 2017

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The government approved, by Decision, the payment of a financial contribution of 75,000 euros to the budget of the Organization for Cooperation and Economic Development (OCED) for a study about Romanian communities living abroad. The study has in view mainly the dimension of Romanian communities living in OCED member states, the main states of destination, geographic spreading of specific groups, statistics about distribution of age, gender, education ...

Former minister Gabriel Sandu, prosecuted for abuse of office in Microsoft 3 case

Friday, April 21, 2017

The prosecutors of the National Anti-corruption Directorate (DNA) started on Thursday the criminal prosecution of former Communications Minister Gabriel Sandu for abuse of office in the 'Microsoft 3' criminal case. "Following the fulfillment of the legal and constitutional requirements regarding the carrying out of the criminal prosecution against persons ...

Citizens' Dialogue with First Vice-President Frans Timmermans in Bucharest

Thursday, April 20, 2017

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First Vice President of the European Commission Frans Timmermans starts an official visit to Romania onThursday, 20 April 2017. The agenda of the visit includes meetings with Romanian officials and a meeting with the public on topics relating to the White Paper on the future of Europe, the 60th anniversary of the signing of the Treaty of Rome and of a decade since Romania joined the EU. The EU official will meet Romanian Senate chairman ...

PM Grindeanu, Carlyle Group representatives discuss furthering energy investments

Thursday, April 20, 2017

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Premier Sorin Grindeanu discussed on Wednesday at the Victoria Palace of Government with representatives of The Carlyle Group the development of the equity player's energy investments, particularly in the Black Sea region. "The Group representatives announced their intention to move as fast as possible to the gas production stage from the Black Sea offshore blocks held under a license agreement, but also to identify new investment opportunities in ...

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