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Financial and banking analysts estimate annual inflation will reach 2.13pc at year-end

Tuesday, August 15, 2017

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Financial and banking analysts expect the annual inflation at year-end to reach 2.13% and 3.3% next year, according to the opinions expressed by the participants to an internal survey of the Association of Financial Banking Analysts in Romania (AAFBR), a press release informs quoted by romaniajournal.ro “Absolutely all analysts answering to the survey have pointed to an increase in inflationist expectations for the end of the year and for next ...

The Romanians and the Latvians spend the least on holidays

Tuesday, August 15, 2017

The citizens of Romania and Latvia spend 116 euro  during holidays, the smallest sum of money recorded among the states in the European Union. At the other end are the inhabitants of Luxembourg who spend 740euro, according to the data of 2015 analysed by Eurostat. According to the data of 2015, the Romanians spend 116.98 euro on a holiday of at least one night, while the  Latvians spend 116.86 euro. The inhabitants of the two countries are ...

Statistics: how much money the Romanians give for cosmetics and personal care products

Tuesday, August 15, 2017

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The money allocated for personal care products, soap and perfume differ depending on the income of the households, studies and sex of the head of family, those with income of 1,400 lei spending 20 lei monthly,an analysis of the National Institute of Statistics (INS) shows. The average of the budgets allocated by ...

June 2017 compared with May 2017: Industrial production down by 0.5% in EU28

Tuesday, August 15, 2017

  In June 2017 compared with May 2017, seasonally adjusted industrial production fell by 0.6% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2017, industrial production rose by 1.2% in both zones. In June 2017 compared with June 2016, industrial production increased by 2.6% in the euro area and by 2.9% in the EU28. Monthly comparison by main ...

Wanted Puiu Popoviciu, detained in London

Tuesday, August 15, 2017

Powerful Romanian investor Gabriel Popoviciu, who was sentenced to seven years in prison earlier this month in a fraud and corruption case, was detained in London on Monday, August ...

Balkan Mining Tycoon Arrested for Alleged Graft

Tuesday, August 15, 2017

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering, balkaninsight.com reports. Israeli billionaire Benjamin Steinmetz, who has strong business ties to the Balkans, was detained for questioning alongside three other businessmen on Monday for allegedly using fake contracts to move and launder money in ...

Daniel Constantin: there is a risk for Romania to run out of operation financial resources in October

Monday, August 14, 2017

There is a risk for Romania to run out of operation financial resources in October, co-chairman of the Pro Romania political project Daniel Constantin told a press conference in Resita. "We came to a certain conclusion and consequently ...

The government to set up an inter-ministerial council for economic programming in the National Commission for Prognosis

Monday, August 14, 2017

The ministry for finances made a draft of a document to set up in the National Commission for Prognosis (CNP) a general department for economic programming announced in the governing programme of the present government and which will establish the strategic trend for development of Romania, and an inter-ministerial commission for economic programming with 11 members, and which will approve the legislative framework for the projects of the governing ...

IN JULY 2017, THE ANNUAL RATE OF PRICES WAS 1.4%

Monday, August 14, 2017

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Consumer prices were up 1.4% in July 2017 compared to July 2016. The average rate of consumer prices based on the CPI over the last 12 months (August 2016?July 2017) as compared ...

Morgan Stanley estimates that the euro will get similar to the  pound in 2018

Monday, August 14, 2017

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The American bank for investments Morgan Stanley increased their estimates regarding the evolution of the euro, reaching 1.25 dollars since the beginning of next year and it will be equal to the pound in 2018 for the first time in its history of 18 years, Reuters and Bloomberg say. The rejection of the populist movements which threatened to deestablish the European Union will help to increase the euro in the years to come, Andrew Sheets considers, ...

Euro trades at 4.5780 lei on Friday

Monday, August 14, 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 follows: CURRENCY SYMBOL ...

PM Tudose' s message to the banks operating in Romania: "the romantic era" is over and it's time to work for profit

Monday, August 14, 2017

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Premier Mihai Tudose said on Friday that his message to the banks operating in Romania, during a meeting with the representatives thereof, was that "the romantic era" is over and it's time they started working for profit," in other words pay taxes to the Romanian state and not transfer all the money ...

ARB and CPBR expressed their concern at the recent accusations levelled against the banking sector

Monday, August 14, 2017

The Romanian Banking Association (ARB) and the Romanian Bank Employers Council (CPBR) expressed their concern at the recent accusations levelled against the banking sector, as they fear they may dent trust in the system and the banks' confidence in the already affected business climate, the two organisations said in a ...

Economy Minister: Dambovita County projected as a hub of national defence industry

Monday, August 14, 2017

Dambovita County could become a hub of the Romanian defence industry after the military technology project run together with Germany's Rheinmetall Corporation for the production of a new armored carrier kicks off in Moreni, Minister of Economy Mihai Fifor told a press conference in the county's capital city on Friday. ''We have a very ambitious project to ...

Eurostat: In 2016, almost 1 in 3 young people in the European Union aged 20-24 was neither in employment or training

Monday, August 14, 2017

In 2016, almost 1 in 3 young people in the European Union aged 20-24 was neither in employment nor in education or training in Italy (29.1 percent), nearly 1 in 4 in Romania (23.6 percent), Greece (23.0 percent), Bulgaria and Cyprus (both 22.7 percent) and about 1 in 5 in Spain (21.2 percent) and Croatia (19.6 percent), according to data released on Friday by the EU's statistical office Eurostat. In contrast, the lowest NEET (not in education, employment or ...

Over 47 million euros worth of European funds approved for INTESPO

Monday, August 14, 2017

A non-competitive project called INTESPO - Registration of Young People with the Public Employment Service Records, which budget exceeds 47 million euros worth of European funds, designed to help economically inactive young people enter the labour market, has been approved by the Managing Authority of operational programme human resources, the Ministry of Labour and Social Justice reported on Friday. According to the ministry, the project aims to increase the ...

Romania's industrial output advances 8.0pct in H1 2017

Monday, August 14, 2017

Romania's industrial production was up 8.0 percent, in the first half of 2017, in raw series, and 8.9 percent when adjusted for working days and seasonality, y-o-y, according to data with the National Institute of Statistics (INS) released on Friday. Also in June 2017, industrial output declined from the previous month, both in raw data and adjusted for ...

HealthMin Bodog: Measles epidemic, consequence of major malfunctions in vaccination public policy

Monday, August 14, 2017

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The measles outbreaks in Romania in 2016 is not circumstantial, but a direct consequence of the "major" malfunctions in public policy regarding vaccination, Minister of Health Florian Bodog stated on Friday in a press release. "For years now Romania has been below the safety threshold of vaccination coverage. That is, the risk of a measles outbreak was ...

ANRE and the Competition Council will swap information and data regarding the behaviour of participants in the energy market

Monday, August 14, 2017

The National Energy Regulatory Authority (ANRE) and the Competition Council will swap information and data regarding the behaviour of participants in the energy market, informs on Friday a press release from the regulator. Moreover, whenever a situation occurs that requests the intervention of the two institutions, they will hold counsel regarding the demarches to be undertaken. "Experts and leadership members of ANRE and the Competition ...

Romanian poultry producers assure eggs from professional farms are safe to eat

Monday, August 14, 2017

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Romania's poultry producers under the umbrella of the Poultry Breeders Union (UCPR) assure that Romanian poultry farms do not use broad spectrum insecticide Fipronil to eradicate parasites, UCPR said in a release last week. "Under European legislation, the use of this insecticide on animals intended for human consumption is banned. Romanian poultry farmers ...

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