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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 ...

IMF recommends 1.5 percent of GDP deficit on medium-term to rebuild buffers

Monday, March 20, 2017

The International Monetary Fund (IMF) recommends the revenue envelope be protected, wage and pension growth be moderated, and the authorities aim for a medium-term deficit of 1.5 percent of GDP to rebuild buffers. These goals can be achieved by reducing the 2017 deficit to around 2.3 percent of GDP, and to 2 percent in 2018, reads an IMF ...

PM Grindeanu: Less tax burden helps companies, generating 5.2-pct economic growth

Monday, March 20, 2017

Prime Minister Sorin Grindeanu said Friday in Timisoara that the measures taken by his cabinet to ease tax burden will help companies grow, which in turn will lead to the Government reaching its 5.2-percent economic growth target for 2017. 'Despite accusations to the contrary, we have eased a lot the tax burden including by cutting rates and taxes, all of ...

Euro trades at 4.5654 lei on Friday

Monday, March 20, 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 ...

ING Study: Romania draws investors by the reduced cost of the workforce

Monday, March 20, 2017

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Romania and Bulgaria are countries of Central and Eastern Europe which offer attractive costs for investors, while Poland excels by education, according to a study made by the ING financial group. The advantages of Central and Eastern Europe are represented by the cost of work and the availability of the workforce. The disadvantages are represented by the trust the system of justice offers, the education system and the traffic infrastructure, shows the ...

Italian officials agreed a center of support and assistance to people susceptible to trafficking and trafficking victims

Monday, March 20, 2017

Italian officials agreed to the establishment of a center of support and assistance to people susceptible to trafficking and trafficking victims, and to creating a bilateral platform where Italy's joint regional committees shall participate together with representatives of the Romanian authorities, informs a release of the Ministry for Romanians Abroad ...

Vital statistics in January 2017: natural population growth was further negative

Monday, March 20, 2017

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In January 2017 the number of births decreased and the number of deaths increased compared to December 2016. The number of marriages and the number of divorces were lower in January 2017 than in December 2016. The number of deaths of children under 1 year was up in January 2017 from December 2016. The number of live births in ...

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