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President Iohannis had a meeting with a delegation of the International Monetary Fund at the Cotroceni Palace

Friday, March 17, 2017

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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 Fund. Talks ...

PM Grindeanu : European funds are seen as an engine for economic growth

Friday, March 17, 2017

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Prime Minister Sorin Grindeanu said Thursday that European funds are seen as an engine for economic growth, pointing out that he wants things to get unblocked in this ...

Slovak MP: Germany has one million non-registered persons and Romania isn't accepted in Schengen

Friday, March 17, 2017

The Arad County city of Nadlac hosted on Thursday a meeting of the members of Romania's Chamber of Deputies Defence Committee with members of the similar committee in the Slovak Republic's Parliament, having as main discussion topic Romania's accession to the Schengen Area. "We have discussed with the partner committee of Bucharest about several common ...

Interior Minister Carmen Dan: "We are deploying sustained efforts in the case of Romanian women abused in Italy”

Friday, March 17, 2017

Romania's Interior Minister Carmen Dan says that as far as the situation of Romanian women allegedly abused in the workplace in Italy there is a preliminary criminal investigation underway into the situation. She was asked on Thursday at the Government House if she had been informed that the said Romanian women allegedly got their jobs there via fellow Romanians. "We are deploying sustained efforts in this case," said Dan, adding that a ...

DefMin Les on Army equipping programs: Major investments of over 1bn euro in next 10 - 15 years

Friday, March 17, 2017

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Minister of National Defence Gabriel Les told AGERPRES in an interview that military hardware supplies for the Romanian Army's major equipping projects are "almost impossible" in 2017, underscoring that he intends to sign this year all the relevant contracts. The DefMin also says that major multiannual equipping programs are being envisaged with a ...

PM Grindeanu, US ambassador Klemm discuss establishing museum of Romanian Jews history

Friday, March 17, 2017

Prime Minister Sorin Grindeanu on Thursday welcomed a delegation of the United States Holocaust Memorial Museum accompanied by US ambassador in Bucharest Hans Klemm to discuss establishing a museum of the Romanians Jews' history. In a press statement realest on Thursday, the Romanian Government said the meeting was a demarche to consolidate Holocaust history ...

Former President Ion Iliescu, reports at Prosecutor's Office: I had an amicable talk

Friday, March 17, 2017

Former president Ion Iliescu on Thursday said that he had "an amicable talk" at the Prosecutor's Office, where he was reported to be heard as witness in the 1989 Revolution file. When asked whether he sees himself guilty of the people who died during those events, he answered:" What for? For the Romanian Revolution? (...) you must have discernment, ...

Eurostat: the lowest annual inflation rates being recorded in Ireland, Romania, Bulgaria and Denmark

Friday, March 17, 2017

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The annual inflation rate in the European Union (EU) rose in February 2017 to 1.9 pct from 1.7 pct in January 2017, the lowest annual rates being recorded in Ireland (0.3 pct), Romania (0.5 pct), Bulgaria and Denmark (both 0.9 pct), according to data published Thursday by the European Statistical Office ...

În January, FDI went down to EUR 260 million

Friday, March 17, 2017

The foreign direct investments (FDI) in January this year went down to EUR 260 million, compared to the similar period of 2016, when they stood at EUR 286 million, according to the National Bank of Romania (BNR) data released on Thursday. "Non-residents' ...

Euro trades at 4.5509 lei on Thursday

Friday, March 17, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Thursday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL ...

Finance Ministry borrows 600 million lei for 6 months, 0.71% interest rate

Friday, March 17, 2017

The Finance Ministry borrowed on Thursday 600 million lei by selling treasury bonds due September 18, 2017, with an annual average interest rate of 0,71%, data published by the National Bank of Romania (BNR) show. The 8 banks participating in the tender offered 1.4 billion lei, two times more than the initial value of the tender. Treasury bonds do not carry interest rate, the profit being calculated ad difference between sales ...

BNR: Balance-of-payments current account posted a surplus of EUR 416 million this January

Friday, March 17, 2017

 In January 2017, the balance-of-payments current account posted a surplus of EUR 416 million, compared with EUR 211 million in January 2016, according to data released on Thursday by the National Bank of Romania (BNR). The goods balance deficit widened by EUR 226 million, the surplus on secondary income narrowed by EUR 100 million, that on services widened by EUR 17 million, while the primary income balance turned into ...

Half of family businesses in Romania do not last to second generation

Friday, March 17, 2017

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Half of family businesses do not last to the second generation, about 20% last to the third generation and only 3% go beyond the third generation, according to the study “Romanian business barometer” published on Thursday by the consulting and audit company EY, which shows that 44% of company owners say their business depends on them and 62% have not chosen a successor yet. 247 businessmen involved in family business answered 27 questions ...

'Europol' European Police trade union protested against the uniform wage bill

Friday, March 17, 2017

About 100 police officers - members of the 'Europol' European Police trade union protested on Thursday in front of the Labour Ministry against the uniform wage bill. "We are here for the uniform wage bill that has been talked about for two weeks now, but no ...

Feldioara stronghold to open at end of June following four years of rehabilitation

Friday, March 17, 2017

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Feldioara stronghold will open again at the end of June, after four years of rehabilitation works, the mayor of the commune, Sorin Taus declared on Thursday in a press conference. “The rehabilitation of Feldioara stronghold, a project initiated by the County Council in 2013, will be completed by the end of June. This objective had to be rehabilitated and besides the stronghold we also have other important monuments - the 13th ...

Angela Cristea (EC): the worry that Romania will be left behind other states in the EU is not justified

Thursday, March 16, 2017

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Romania will not be left behind other states from the point of view of the speed of integration in the EU in case of a scenario where some states will have a higher freedom of decision as regards the speed for integration, this worry being unjustified in the context where Romania will participate to the European projects with a higher speed of integration, stated on Wednesday the head of the Office of the European Commission to Romania, Angela Cristea at the launch of the ...

The minister of finances: we are prepared to reduce expenditure, if the budgetary deficit is in danger to be surpassed

Thursday, March 16, 2017

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Romania will obey the budgetary deficit target of 3% of GDP included in the Maastricht Treaty and if the deficit gets higher, then the government is prepared to reduce the expenditure, the minister of finances Viorel Stefan says. ‘We will take measures to reduce the expenditure, if there are problems’ Stefan said, when presenting the country report for 2017 for Romania of the European Commission. This means that the ...

Lazea (BNR): Workforce in Romania is underpaid, while capital is overpaid

Thursday, March 16, 2017

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Workforce in Romania is underpaid, while capital is overpaid, and when we talk about wages we have to strike some pins, meaning solving the problems with roads, production and justice, senior economist of Romania's National Bank (BNR) Valentin Lazea said ...

Commissioner Cretu: Jean-Claude Juncker could visit Romania in the first half of 2017

Thursday, March 16, 2017

President of the European Commission Jean-Claude Juncker could visit Romania in the first half of 2017 to celebrate the 10th anniversary of Romania's European Union membership, European Commissioner for Regional Policy Corina Cretu said ...

MAE doesn't acknowledge the results of the so-called 'parliamentary elections' in the Georgian separatist region Abkhazia

Thursday, March 16, 2017

  The Foreign Affairs Ministry (MAE) mentioned on Wednesday at the request of Agerpres that "(the ministry) doesn't acknowledge the results and the judicial framework in which the so-called 'parliamentary elections' in the Georgian separatist region Abkhazia were organized on 12 ...

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