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Stock Exchange closed down “in green” Tuesday session; Altur shares go up by 5%

Wednesday, February 14, 2018

Altur shares, IAR Brasov and Alumil Rom Industry went up the most on Tuesday at BVB (Bucharest Stock Exchange), on a market in which all indicators had positive evolutions. So, the price of Altur shares went up by 4.76%, of IAR Braosv by 4.73% and of Alumil Rom Industry by 4.42%. On the other hand, the biggest drops were those of Oil Terminal - 7.33%, Transilvania Constructii - 6.25%, and Black Sea Tourism, Hotels Restaurants ...

ING analysts forecast 3M Robor might reach 3.5 pct in 2019

Wednesday, February 14, 2018

Economists at ING Bank Romania estimate that the 3-month Robor index evolution will reflect the potential increases in the key interest rate that might be taken by the National Bank of Romania (BNR) up to 2019, business-review.eu reads. The BNR increased the key interest rate to 2.25 percent in the last monetary policy meeting, this is being the second consecutive increase in the year to date. ING analysts, ...

New guidance to help member states organise tender procedures for EU-funded projects

Wednesday, February 14, 2018

The European Commission on Tuesday published new guidance to help national, regional and local public officials dealing with EU funds ensure efficient and transparent public procurement procedures for EU-funded projects, according to a press statement released by the commission."Helping Member States organise sound tender procedures for EU investments is key to safeguard the EU budget from errors and ensure the maximum impact of each euro the EU spends, for the ...

In first ten months of 2017, Romania exported iron and steel worth 1.87 bln euro

Wednesday, February 14, 2018

Romania exported in the first ten months of 2017, iron and steel worth 1.871 billion euro, by 31.5 percent higher than that of the similar period of last year, according to data centralized by the National Institute of Statistics (INS).Iron and steel imports clocked in at 2.549 billion euro, by 24.8 percent higher than those in the January-October 2016 period, the segment thus recording a 678 million euro deficit.In the first ten months, Romania's FOB ...

Flu death toll reaches 27 in Romania

Wednesday, February 14, 2018

 Health Minister Sorina Pintea announced on Tuesday that the flu death toll reached 27 in Romania, but there is no talk yet of a flu epidemic in the country."We started the warnings about this situation two weeks ago. I have been informed that at this point there is the 27th death. I asked for some reports on the vaccine stocks in the country; they are on my desk at this moment. I will release them this afternoon. We cannot talk about an epidemic yet, but I ...

Code yellow advisories of snow and blizzards for 20 counties to become valid Tuesday evening

Wednesday, February 14, 2018

Code yellow advisories of abundant snowfall and blizzards will become valid starting this evening for 20 counties of Romania, with precipitation and winds picking up speed to be expected in the remaining counties, according to the National Weather Administration (ANM).According to the weather report, valid between 20:00 February 13 - 15:00 February 15, precipitation will extend from the southwest and cover the whole country. In the southern and eastern areas ...

US Embassy on Klemm-Dancila meeting: Justice was also discussed

Tuesday, February 13, 2018

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Romanian Prime Minister Viorica Dancila and US Ambassador in Bucharest Hans Klemm on Monday discussed the possibility of lifting the short-stay visa requirements for Romanian citizens travelling to the US in 2018, by including Romania in the Visa Waiver Program. Justice was also discussed at a meeting on Monday of US Ambassador Hans Klemm and Prime Minister Viorica Dancila, according to a reply by the US Embassy in Bucharest to a request for ...

PM Dancila on Valcov's conviction : I have never abandoned member of my team going through difficult times

Tuesday, February 13, 2018

Premier Viorica Dancila stated on Monday in reference to Darius Valcov's conviction at first instance that she has never abandoned a member of her team going through a difficult moment.Asked at the seat of the Social Democratic Party (PSD, main at rule) if she has made a decision regarding Darius Valcov, state adviser in the Prime Minister's working apparatus after the decision of the High Court of Cassation and Justice to sentence him to eight years in prison, PM ...

USR wants that condemned criminal people do not occupy public positions

Tuesday, February 13, 2018

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Save Romania Union (USR - opposition) announced on Monday the creation of the group of initiative of the campaign ‘ Without criminal people in public positions’ an action through which the formation wants to amend the constitution, so that criminally condemned people cannot occupy public positions in the state. The group of initiative of the campaign ‘ Without criminal people in public positions’ is made up of the philosopher ...

CSM requests Judicial Inspection to conduct checks on allegations of former MP Cosma and prosecutor Iorga

Tuesday, February 13, 2018

Head of the Superior Council of Magistracy (CSM), Simona Marcu will request the Judicial Inspection to conduct checks regarding the statements of prosecutor Mihaiela Moraru Iorga and former MP Vlad Cosma."Following information released in the public sphere on 11 February, through private TV broadcasters Antena 3, on 'Sinteza zilei' show and Romania TV, on 'Editia de seara' Judge Simona Camelia Marcu, head of the Superior Council of Magistracy will request the ...

Social Democrat head Dragnea: Increasingly more evidence emerges about parallel state's existence

Tuesday, February 13, 2018

Speaker of the Chamber of Deputies and head of the ruling Social Democratic Party (PSD) Liviu Dragnea said on Monday that after the disclosures aired on the previous evening about the activity of the National Anticorruption Directorate (DNA) and the Ploiesti territorial Service of the said agency, "increasingly more evidence emerges about the existence of the parallel state," and that if this information is proven true, these are "elements of political ...

JusMin Toader: I will not notify Judiciary Inspectorate; I have DNA activity report ready

Tuesday, February 13, 2018

Justice Minister Tudorel Toader says he will not notify the Judiciary Inspectorate (IJ) about allegations concerning the activity of the National Anti-Corruption Directorate (DNA), pointing out that he already has a report on this institution that he can present at any time."I will not notify the Judiciary Inspectorate. I believe that at this time notifying the IJ is no longer required because, if you might have noticed, we would extend that for a long time, ...

PM Dancila to meet some European officials in Brussels on February 20 and 21

Tuesday, February 13, 2018

Prime Minister Viorica Dancila announced that she is going to pay a visit to Brussels on February 20-21, where she will meet with some European officials.The head of the Government made the announcement after she specified she was not invited to participate in last week's debate in the European Parliament, focusing on the Justice system in Romania."I was not invited to Brussels. I will go to Brussels on 20-21 this month. I will meet the President of ...

French Embassy, in preparation for the fourth edition of the "Gout de France / Good France" celebration

Tuesday, February 13, 2018

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The French gastronomy represents "an unmissable opportunity for the chefs from all over the world, including Romania, to make themselves known and to showcase their craftsmanship and arts," French ambassador to Romania Michele Ramis was quoted as saying in a press statement released by the French Embassy on Monday in preparation for the fourth edition of the "Gout de France / Good France" celebration.Ramis highlighted the importance of this event, which gives ...

Fitch sees Romania's 2018 GDP growth at 3.8%, warns on growing imbalances

Tuesday, February 13, 2018

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Fitch Ratings said on Monday that Romania's economy will grow by 3.8% this year but warned on growing macro-economic imbalances, seenews.com informs. "Romania's expansionary fiscal policy looks set to continue following last month's change of prime minister and this will increase macro-economic imbalances," Fitch Ratings said in a commentary published on its website. Fitch also sees a sizeable structural budget deficit which ...

Euro trades at 4.6534 lei on Monday

Tuesday, February 13, 2018

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 RON1 Euro EUR 4.65341 US dollar USD 3.79191 Swiss franc CHF 4.04471 British pound GBP 5.2557100 Japanese yen JPY 3.4891 1 Moldovan leu MDL 0.22851 Russian rouble RUB 0.06551 new Turkish lira TRY 0.99531 Chinese renminbi CNY ...

GfK: Consumer confidence growing across Europe, but dropping in Romania

Tuesday, February 13, 2018

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At the end of 2017, European consumers’ confidence continued to grow slightly, business-review.eu reads. In December, the consumer climate index calculated by GfK for the 28 EU states reached a value of 21.1 points – the highest in the past ten years. At the end of Q3, the value was still at 20.9 points. European consumers think that the economy is growing. Economic expectations in December 2017 grew on average to 17 points for all EU ...

Natural growth of Romania's population was a negative 8,019 in December 2017

Tuesday, February 13, 2018

In  December  2017  the  number  of  births  decreased  and  the  number  of  deaths  increased compared to November 2017. The number of marriages dropped and  the number of divorces  slightly  rose in December 2017 compared to November 2017. ...

euronews: Which EU countries have the longest working weeks?

Tuesday, February 13, 2018

An EU study has revealed which Europeans have the longest and shortest working weeks, euronews.com reads. The longest working week was in Greece (42.3 hours) and the shortest in the Netherlands (30.3 hours) including both full-time and part-time employment. The average working week was 37.1 hours in 2016, but goes up to 40.3 hours when only full-time work is considered. When only full-time employees were taken into account, those in the United Kingdom ...

În 2017, the exports and imports increased by  9.1% and by 12.2%, respectively, compared to the year  2016 

Tuesday, February 13, 2018

In  the  year  2017,  the  FOB  exports  amounted  to  62641.2  million  euro  and  the  CIF  imports amounted to 75596.9 million euro. In  the year 2017,  the FOB?CIF commercial  deficit was of  12955.7 million  euro,  2983.5 million ...

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