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Euro trades at 4.6344 lei on Tuesday

Wednesday, December 6, 2017

 The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL RON 1 Euro EUR 4.6344 1 US dollar USD 3.9053 1 Swiss franc CHF 3.9637 1 British pound GBP 5.2402 100 Japanese yen JPY 3.4724 1 Moldovan leu MDL 0.2275 1 Russian rouble RUB 0.0666 1 ...

GROSS  DOMESTIC  PRODUCTS  IN  Q3  2017  WAS,  IN  REAL  TERMS, BY 2.6%1  HIGHER, AS COMPARED TO Q2 2017

Wednesday, December 6, 2017

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As  against  the  same  quarter  of  2016,  the  Gross  Domestic  Product  recorded  an increase  by  8.8%  for  unadjusted  series  and  by  8.6%  for  seasonally  adjusted series; ? ...

Romania becoming more attractive to US investors with skilled workforce, innovations – McGuireWoods

Wednesday, December 6, 2017

Romania is looking more and more promising to US investors thanks to its skilled workforce and business innovation, consultancy McGuireWoods said on Tuesday, seenews.com reports. "We have been following the development of the country for years and Romania looks promising for U.S. investors with the largest GDP growth in the EU of 7% in the first nine months of 2017, a skilled labour market and a particular focus on innovation driven businesses. With ...

CNAIR signs contract for Comarnic beltway to be completed in 7 months

Wednesday, December 6, 2017

 National Company for the Administration of the Road Infrastructure (CNAIR) signed on Tuesday, the contract for design and execution of Comarnic beltway, worth 17 million lei, accordinf to a press release. The contract was signed with the Association Next Level Europe- Eurostrade- Groma Societa di Ingigneria- Societa a responsibilita limitata semplificata. The beltway will be 2.850 km long. The ...

Turnover in retail trade, up 10.2% in first 10 months

Wednesday, December 6, 2017

The turnover in retail (except for the trade in motor vehicles and motorcycles), in unadjusted terms, recorded a 10.2% increase in the first 10 months of this year due to the sales of non-food products (+13.1%), fuels for motor vehicles (+12%) and sales of food, beverages and tobacco (+5.8%), informs the National Institute of Statistics (INS) In adjusted ...

HOURLY LABOUR COST HIGHER IN QUARTER III 2017

Wednesday, December 6, 2017

In Quarter III 2017 the adjusted hourly labour cost (working days adjusted) registered an increase rate of 2.90% by comparison with the previous quarter and of 16.57% by comparison with the same quarter of the previous ...

PSD announces country-wide protests against ”the parallel state”

Tuesday, December 5, 2017

Romania’s governing social-democrat party, PSD, has announced through its deputy general secretary Codrin Stefanescu that they will organise their own protest movements in Bucharest and in other cities throughout the country. The decision came on Sunday night after an informal meeting of party leaders. Stefanescu added that the gathering will not be in support of ...

ExPM Ciolos had an informal meeting at the US Department of State în Washington DC

Tuesday, December 5, 2017

Former Prime Minister Dacian Ciolos announced he spent a few days in Washington, his schedule also including an informal meeting at the US Department of State, after "the alarm signal" which the US officials sent in regards to the amendments to the Justice Laws. "I spent a few days in Washington for professional activities and I had the pleasure to be on the National Day alongside members of the Romanian community in the US, at the reception organised by Romania's Embassy. I ...

Patriarch Daniel of the Romanian Christian Orthodox Church, invited at a festive dinner extended by President of the Russian Federation Vladimir Putin

Tuesday, December 5, 2017

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Patriarch Daniel of the Romanian Christian Orthodox Church (BOR) will be attending a festive dinner to be extended by President of the Russian Federation Vladimir Putin to leaders and delegates of autocephalous Christian Orthodox churches in Moscow on the 100th anniversary of the restoration of the Russian Orthodox Church's Patriarchate. "A festive dinner extended by Russian President Vladimir Putin to primates and delegates of autocephalous Christin Orthodox churches in ...

MAE: possibilities for expanding economic cooperation within the EU-Pakistan cooperation framework

Tuesday, December 5, 2017

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Minister of Foreign Affairs Teodor Melescanu on Monday received the Ambassador of the Islamic Republic of Pakistan to Romania, Safdar Hayat, who is currently paying a visit to Romania, according to a press release remitted by the Ministry of Foreign Affairs.Participating in the meeting was also Zaheer Janjua, Undersecretary of State with the Ministry of Foreign Affairs of the Islamic Republic of Pakistan, who came to Bucharest to attend a series of bilateral consultations at ...

Above-potential economic growth hides wider than cash deficit structural gap

Tuesday, December 5, 2017

Economic growth above potential hides a structural deficit that is wider than the cash deficit, but today's structural deficit is the cash deficit that will have to be funded under terms that could turn adverse to emerging economies, deputy governor of the National Bank of Romania (BNR) Liviu Voinea told the conference for the presentation of the Financial Stability Report this ...

The Senate: the ordonance for the amendment of the Fiscal Code, passed

Tuesday, December 5, 2017

The Senate passed on Monday as the first notified chamber with  71 votes ‘ in favour’ and 37 ‘ against’, the draft law for the approval of OUG 79/2017 which refers to the amendments of the fiscal code. The plenary got the report of the commission for budget through which the ordnance was amended so that the companies which make income up to one million euro have a social capital of minimum 45,000 lei and at least two employees can opt between the tax on ...

Romania will risk sanctions starting with 4 December as they delay the implementation of EU directives

Tuesday, December 5, 2017

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On 4 October the European Commission sent to Romania five decisions which include two letters of late submission and three motivated opinions in such domains as digital single market, environment, mobility and transports. The term of conformity for avoiding some litigations in these cases is the 4th of December. In the case of the monthly package of decisions where non-compliance with the commitments announced on 4 October by the European Commission those referring to Romania ...

BNR's foreign exchange reserves reach 33,062 million euros in Nov. 2017

Tuesday, December 5, 2017

On November 30, 2017, the National Bank of Romania's foreign exchange reserves stood at 33,062 million euros, compared with 33,932 million euros on October 31, 2017, according to a press statement released by the bank on Monday. During the month, the following flows were recorded: 1,070 million euros worth of inflows in the form of changes in credit ...

Euro trades at 4.6334 lei on Monday

Tuesday, December 5, 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 RON 1 Euro EUR 4.6334 1 US dollar USD 3.9110 1 Swiss franc CHF 3.9743 1 British pound GBP 5.2515 100 Japanese yen JPY 3.4637 1 Moldovan leu MDL 0.2267 1 Russian rouble RUB 0.0664 1 new Turkish lira TRY ...

ROBOR indicator increases to its highest level since October 2014

Tuesday, December 5, 2017

The average three-month interbank offer rate ROBOR, the main indicator that sets the interest rates for RON currency borrowers, has surged to its highest level since October 2014, reaching 2,21%, business-review.eu informs. The 6-month ROBOR rate has also risen to its highest level since November 2014, now sitting at 2,35%. Interbank interest rates had an abrupt fall last year, reaching a historical minimum of 0.68% in September and October 2016, according to data from the Romanian ...

Romania likely to tap intl mkts for up to 2 bln euro in H1 2018 - Erste

Tuesday, December 5, 2017

Austria's Erste Group said on Monday it expects that Romania will continue to issue  Eurobonds next year, seenews.com informs. Romania's public debt will stay below 37% of GDP and well below the level set by the Maastricht criteria in the coming quarters, the Erste Group said in a CEE public debt research paper. "With local yields on the rise, the finance ministry will most likely keep a close eye on debt refunding costs and will seek to tap international markets for 1-2 ...

BNR: December 2017 Financial Stability Report

Tuesday, December 5, 2017

The ratio of non-performing individual loans would increase from a current 5.8 percent to 7.3 percent in a one-year time horizon under a worst-case scenario of a 200- basis- point increase in interest rates, according to the December 2017 Financial Stability Report released by the National Bank of Romania (BNR) on ...

Romania's North West ranks highest in SEE in top 20 European regions index

Tuesday, December 5, 2017

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Romanian North-West region was ranked fifth among the best performing European cities and regions in 2016 - highest in Southeast Europe, US-based think-tank Milken Institute said on Monday quoted by seenews.com. The high-tech services sector's rapid growth as well as the job growth in the region over the past five years contributed to the high overall ranking of the Romanian North-West, Milken Institute said in its 2016 Best-Performing Cities (BPC) Europe index report. BPC ...

Friedrich-Ebert Foundation Romania: Social Monitor infographic

Tuesday, December 5, 2017

Romania is among the European countries that allocate the lowest percentages of their Gross Domestic Product (GDP) for social protection, according to a Social Monitor infographic released by the Friedrich-Ebert Foundation Romania. "The infographic starts from a paradoxical finding that, although Romania has the second largest share of people at risk for poverty or social exclusion in the EU, it is also among the European countries that allocate the smallest fractions of ...

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