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ForMin Melescanu about Israeli-Palestinian conflict during a meeting with Arab states representatives

Thursday, January 11, 2018

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The Minister of Foreign Affairs Teodor Melescanu on Wednesday mentioned the two-state solution, in the context of the Israeli-Palestinian conflict, at the meeting with the group of heads of diplomatic missions of the Arab states accredited to Bucharest, while showing that "one of the priorities of the Romanian foreign affairs policy is the development of political and economic relations between Romania and the group of Arab states."The meeting occasioned an ...

The new Minister of Foreign Affairs and European Integration of R.of Moldova is Tudor Ulianovschi

Thursday, January 11, 2018

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Minister of Foreign Affairs Teodor Melescanu on Wednesday had a phone conversation with Republic of Moldova's incoming Minister of Foreign Affairs and European Integration Tudor Ulianovschi, on the occasion of the latter's vesting in office.According to a release of the Foreign Affairs Ministry, the Romanian official reiterated Romania's "constant and steadfast support" for the advancement of the European roadmap of the Republic of Moldova and highlighted the need ...

DefMin Fifor: We've reached final stage of negotiations with General Dynamics for armoured carriers

Thursday, January 11, 2018

Minister of National Defence Mihai Fifor on Wednesday announced that the negotiations with General Dynamics company for the armoured carriers have reached the final stage."We have reached the final stage of negotiations with the General Dynamics company for the armoured carriers. Many people asked why we didn't sign the agreement late last year. The answer is very clear - for we did not negotiate enough and we wanted to negotiate of such a manner to obtain deal as ...

JusMin Toader to discuss detention conditions at ECHR on Jan 16

Thursday, January 11, 2018

The leadership of the Justice Ministry is set to meet the President of the European Court of Human Rights (ECHR) to discuss the roadmap for fulfilling the requirements of the pilot decision on detention conditions, with a memorandum to be afterwards submitted to the Government for approval and sent back to the Court on January 22, Minister Tudorel Toader announced on Tuesday.The meeting will take place at the ECHR headquarters on January 16 starting 2:00 pm EET, ...

World Bank improves prospects for Romania's economic evolution for 2018 and 2019

Thursday, January 11, 2018

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The Romanian economy will record an advance of 4.5% in 2018 and 4.1% in 2019, compared with an advance of 3.7% and 3.5% respectively estimated in June last year, shows the report "Global Economic Prospects" published on Tuesday by the World Bank.Moreover, the international financial institution expects Romania to report a GDP growth of 6.4% for 2017, compared to the 4.4% estimated in June.The growth will slow down in 2020, when the Romanian economy is ...

Mitroi: the Romanian economy could grow by 8-9% in 2018

Thursday, January 11, 2018

The Romanian economy could increase by 8-9% this year, double against the world one and triple agains the European one, says Adrian Mitroi, professor of behavioural finances in The Academy for Economic Studies (ASE). ‘The cycle of monetary adjustment closed, the interests will not be smaller, but they will be reasonable by comparison to the expectations of economic growth, which are very high. If you expect that world economy go up by 4% I have ...

BNR may soon set stricter conditions on loans for general population

Thursday, January 11, 2018

The National Bank of Romania has not yet decided whether they would introduce stricter conditions on lending for individuals, but a decision is expected in the spring, business-review.eu informs. There has been a lot of debate throughout the last year about limiting the degree of indebtedness for the population within the central bank, but Governor Mugur Isarescu says that many of his colleagues in BNR are opposed to such ...

Euro trades at 4.6434 lei on Wednesday

Thursday, January 11, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Wednesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.64341 US dollar USD 3.87001 Swiss franc CHF 3.96181 British pound GBP 5.2409100 Japanese yen JPY 3.4762 1 Moldovan leu MDL 0.22791 Russian rouble RUB 0.06781 new Turkish lira TRY 1.01911 Chinese renminbi ...

The European Commission: Romania had the highest increase in price of electricity in the EU

Thursday, January 11, 2018

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In Q3 2017, the wholesale prices of electricy went up most in Romania (+52%) and in August they reached the maximum in Eastern Europe (over 90 euro/MWh), says a report of the European Commission – the General Direction Energy – regarding the evolution of the electricity markets in the EU. ‘During the whole Q3 2017 the wholesale prices for electricity were the highest in Romania of all the  Central and Eastern Europe region, due ...

IN Q III 2017, THE TOTAL MONTHLY AVERAGE INCOME OF THE POPULATION PER HOUSEHOLD WAS 3426 LEI

Thursday, January 11, 2018

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The total monthly average income was, in nominal terms, 3426 lei per household and 1308 lei per person in Q III 2017. In Q III 2017, the total monthly average expenditure of the population was 2885 lei per household (1101 lei per person), accounting for 84.2% of the total income. The average income of the population accounted for 3,426 lei per household in Q3 2017, with ...

Negative growth of Romania's population in November 2017

Thursday, January 11, 2018

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In  November  2017  the  number  of  births  and  the  number  of  deaths  decreased  compared  to October 2017. The  number  of  marriages  significantly  dropped  and  the  number  of  divorces  slightly  fell  in ...

Suggestion to appoint Denes as minister of waters and forests reaches Cotroceni Palace

Wednesday, January 10, 2018

The suggestion to appoint social-democrat (PSD) senator Ioan Denes as minister of waters and forests reached Cotroceni Palace on Tuesday, according to the Presidential Administration. On Monday, premier Mihai Tudose announced he would send the proposal to Cotroceni. On January 3, Doina Pana resigned from the position of minister of waters and forests, invoking health ...

President Iohannis met OMV Petrom delegation

Wednesday, January 10, 2018

President Klaus Iohannis met on Tuesday at the Cotroceni Palace with an OMV Petrom delegation headed by OMV AG CEO Rainer Seele; the latter took the opportunity to underscore the need for predictability of the tax and legislative framework.According to a Presidential Administration release, during the meeting the OMV AG management presented the company's development strategy that includes a rise in Petrom's internationalization degree with a view to capitalizing ...

"Security Challenges in the Black Sea Region" debate organised în Bucharest

Wednesday, January 10, 2018

Romania and the United States of America must continue to focus on turning the Black Sea from a region of confrontation into a stability pole, "a region where the cooperation and predictability logic is predominant, where the economic outlook is alleviating, and the different peoples and cultures interact and coexist peacefully," on Tuesday said the Foreign Affairs Minister, Teodor Melescanu at the "Security Challenges in the Black Sea Region" debate, organised în ...

Premier delays decision to dismiss head of Romanian Police, as requested by minister Carmen Dan

Wednesday, January 10, 2018

Premier Mihai Tudose will meet on Wednesday the head of Romanian Police, Bogdan Despescu. Then he will decide on his dismissal, as interior minister Carmen Dan had requested, government sources declared. Carmen Dam declared on Tuesday that he had informed premier Tudose about the suggestion to dismiss the head of Romanian Police in the context in which the premier had delayed signing the document and would meet Despescu on ...

Liberals send request to CCR demanding notification of Venice Commission on Justice Laws

Wednesday, January 10, 2018

The Liberals (members of the National Liberal Party) sent on Tuesday a letter to President of the Constitutional Court of Romania (CCR) Valer Dorneanu, requesting the notification of the Venice Commission regarding the Justice Laws, according to a release ."We believe that now, when pending notifications whose solving is vital for the full observance of the principle of the separation and balance of powers, in order to fully accomplish the role bestowed on the ...

Senate's Speaker Tariceanu: slight inflation of 1.5 - 2% is beneficial for economic growth

Wednesday, January 10, 2018

 Senate's Speaker Calin Popescu-Tariceanu considers that a slight inflation of 1.5-2% is beneficial for economic growth and that the National Bank of Romania (BNR) decision to increase the monetary policy rate "is not currently an element of concern.""Japan has struggled for years to put the economy on the inflation. A slight inflation of 1.5-2% is beneficial for economic growth. I do not think we are in danger of having an inflation rate to go beyond the ...

Global economy is expected to grow by almost 4 pc, Romania will keep up the trend

Wednesday, January 10, 2018

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The global economy is set to grow by almost 4 percent in 2018 in purchasing power parity (PPP) terms, adding an extra USD 5 trillion to global output at current values, according to new projections in PwC’s Global Economy Watch, romaniajournal.ro reports. At the same time, the analysts see a similar trend of economic development in Romania. The main engines of the global economy – the US, emerging Asia and the ...

Euro trades at 4.6571 lei on Tuesday

Wednesday, January 10, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.65711 US dollar USD 3.90391 Swiss franc CHF 3.97181 British pound GBP 5.2832100 Japanese yen JPY 3.4598 1 Moldovan leu MDL 0.22641 Russian rouble RUB 0.06841 new Turkish lira TRY 1.03771 Chinese renminbi CNY ...

Trade deficit up to EUR 11.344 bn in November 2017

Wednesday, January 10, 2018

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In the period 1.I-30.XI 2017, the FOB exports amounted to 58146.8 million euro and the CIF imports amounted to 69491.2 million euro. In the period 1.I-30.XI 2017, the FOB-CIF commercial deficit was of 11344.4 million euro, 2569.9 million euro more than in the period 1.I-30.XI 2016. In November 2017, the FOB exports were of 5785.6 million euro and the CIF imports were ...

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