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Iohannis to participate in the NATO summit due in Brussels on 25 May

Wednesday, May 17, 2017

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Romania's President Klaus Iohannis will participate in the NATO summit due in Brussels on 25 May, on Tuesday announced the President's spokeswoman, Madalina Dobrovolschi, at the Cotroceni presidential Palace. "On the occasion of the NATO summit, the new ...

Presidential Administration's reaction about DGPI's management to be selected by a minister, without the approval of the CSAT

Wednesday, May 17, 2017

Presidential spokesperson Madalina Dobrovolschi said Tuesday that a government emergency ordinance regulating the Interior Ministry's General Directorate Internal Protection (DGPI) is a demarche with a political stake that worries the soundness of the rule of law because it eliminates the need for the appointment and dismissal of the DGPI head to be approved by the Supreme Council ...

Prime Minister Sorin Grindeanu had a meeting with Anthony De Lannoy, IMF

Wednesday, May 17, 2017

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Prime Minister Sorin Grindeanu had a meeting with Anthony De Lannoy, a member of the IMF Board, in which the head of the Executive highlighted the evolution of Romania's economy, informs the Government in a press release.According to the quoted source, the ...

Eurostat: Romania posts highest Q1 2017 economic growth rate in EU

Wednesday, May 17, 2017

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Romania has posted the highest Q1 2017 economic growth rate in EU28, of 5.6 percent, y-o-y, according to a flash estimate published on Tuesday by Eurostat, the statistical office of the European Union. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7pct in the euro area and by 2.0pct in the EU28 in the first quarter of 2017, after +1.8pct and +1.9pct respectively in the previous ...

Statistics: Romania's economy advances 5.7pct in Q1 2017

Wednesday, May 17, 2017

Romania's Q1 2017 Gross Domestic Product (GDP) advanced 5.7 percent in unadjusted terms and 5.6 percent in terms adjusted for seasonality, both against the same quarter of 2016, according to flash estimates released by the National Institute of Statistics (INS) on Tuesday. The Q1 2017 GDP was 1.7 percent higher in real terms than the Q4 2016 GDP. INS says the seasonally adjusted series of quarterly Gross Domestic Product was ...

Vasilescu (BNR): Economic growth in first quarter is rather in quantity than quality

Wednesday, May 17, 2017

Economic growth in Romania in the first quarter of the year is rather in quantity than quality, said Adrian Vasilescu, the councillor of BNR governor, on Tuesday. The first data published on Tuesday by the National Statistics Institute (INS) show that Romanian economy grew by 5.7% in the first quarter, compared to the same period of 2016 and by 1.7% compared to the previous quarter. The growth rate exceeds analysts’ ...

Euro trades at 4.5476 lei on Tuesday

Wednesday, May 17, 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 ...

Digi’s shares go up 6% in the first day of trading on BVB

Wednesday, May 17, 2017

Romanian group Digi Communications saw its shares go up 6%, on average, in the first day of trading on the Bucharest Stock Exchange (BVB), on Tuesday, May 16. The group successfully completed an initial public offering last week in which its shareholders sold 23.9 million shares representing 25.6% of the company’s capital, at a price of RON 40 per share. The total offer amounted to RON 950 million (EUR 209 million), making it the biggest private ...

Arad and Bekes counties sign partnership to attract European funds to develop infrastructure in cross border area

Wednesday, May 17, 2017

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The presidents of Arad and Bekes (Hungary) County Councils signed on Tuesday, a partnership to attract European funds for road infrastructure in the cross border area. The Romanian party will access financing of 13 million euros for 100 km of county roads, among which a beltway for Curtici. Four counties from Romania and four from Hungary can attract European funds by means of Interreg Programme. Presidents of Arad and Bekes  County Councils ...

Health Ministry is about to solve the problem of the MMR measles

Wednesday, May 17, 2017

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The Health Ministry is about to solve the problem of the MMR measles, mumps, and rubella vaccine, Health Minister Florian Bodog said Tuesday, explaining that he identified a stock of 300,000 doses which will meet Romania's demand throughout the year . "The Health Ministry is about to solve the MMR vaccine issue. We have identified together with the producing company a stock of 300,000 doses which will meet the demand throughout the year. We are going to ...

Alain Delon, 2017 TIFF's special gues

Wednesday, May 17, 2017

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This year's edition of the Transilvania International Film Festival TIFF is going to screen 225 movies, including 188 features, from 53 countries, the special guest being the French actor Alain Delon, who's visiting Romania for the first time and will be granted the Award for his lifetime career, the organisers announced on Tuesday. The president of the Transilvania IFF, film director Tudor Giurgiu told a news conference that this year is a first the festival ...

Dacian Ciolos met Prince Charles at his residence in England

Tuesday, May 16, 2017

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Dacian Ciolos met Prince Charles of Wales at his residence  in Highgrove, England, the former premier of Romania stating that they discussed about the Romanian farmers and the conservation of the Romanian heritage. ‘With Prince Charles of Wales, at his residence in Highgrove, England, talking about how we could sustain the Romanian farmers and the conversatioin of the Romanian heritage’ posted Dacian Ciolos on Facebook, when referring ...

Nicusor Dan does not exclude the possibility that Dacian Ciolos lead the shadow government of USR

Tuesday, May 16, 2017

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The Save Romania Union (USR) will prepare a  shadow government, for the position of premier being taken into consideration Dacian Ciolos as well, said on Sunday the chairman of the formation Nicusor Dan. ‘We have proposed a year and a half calendar for the drawing up of the political programme of USR for Romania. At the end of this process, we will select out of all those took part in the debate  the most  competent people for each ...

Ludovic Orban and Cristian Busoi launch candidacies for Liberal Party leadership

Tuesday, May 16, 2017

Liberals Ludovic Orban and Cristian Busoi have launched on Monday candidacies for the Liberal Party leadership, both claiming support for private initiative and for business development, for a partnership with the business environment. Nevertheless, there are issues they see and approach differently. Find out what do they have in common and what is making them compete. Liberal Ludovic Orban has submitted his candidacy for the PNL chairmanship on ...

Romania to participate at NOJP17 multinational exercise, from May 26 to June 16

Tuesday, May 16, 2017

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Approximately 4,000 Romanian and NATO member states troops will participate, with 500 technical means, in the Noble Jump 2017 (NOJP17) multinational exercise, which will take place from May 26 to June 16 on the territory of Greece, Bulgaria and Romania, informs the Ministry of National Defence, in a press release sent on ...

16 AWACS E-3A aircraft of the NATO fleet has landed on Monday at the 90 Air Transport Military Base of Otopeni

Tuesday, May 16, 2017

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One of the 16 AWACS E-3A aircraft of the NATO fleet has touched down on Monday at the 90 Air Transport Military Base of Otopeni (rd 18 km north of Bucharest), in the context of the organisation in Bucharest of a presentation event of the NATO Airborne Early Warning & Control Force - NAEW&C importance missions, within the measures of strengthening the Alliance's defensive ...

BNR: the law of budget-paid salaries, source of inflationist risk

Tuesday, May 16, 2017

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One of the sources of risk referring to the projection of the annual rate of inflation could be represented by the implementation of the framework-law regarding the salary of the personnel paid from public funds’ shows the BNR. ‘The potential effects for the acceleration of the excess of demand from the economy and thus, generation of some inflationist pressure as amplitude of those in the basic scenario will depend essentially on the final ...

Available statistical data predict slight deceleration of GDP growth in Q1 of 2017

Tuesday, May 16, 2017

The available statistical data predict a slight deceleration in the Gross Domestic Product's growth in the first quarter of 2017, acknowledged the members of the Romanian National Bank's Board of Directors who attended the monetary policy meeting of May 5th, in the minutes of the meeting released by the central bank. "At the same time, the statistical data ...

Current account deficit recorded a EUR 690 million in the first quarter of 2017

Tuesday, May 16, 2017

The balance of payments' current account recorded a EUR 690 million in the first quarter of 2017, more than double as compared to the similar period of 2016, when it was EUR 314 million, the National Bank of Romania (BNR) informs on Monday. According to the central bank's website, in January - March 2016, the deficit on trade in goods widened by EUR 281 million, the secondary income and services surpluses narrowed by EUR 317 million and EUR 19 million ...

BNR adjusted its end-2017 inflation projection to 1.6 percent

Tuesday, May 16, 2017

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The National Bank of Romania (BNR) has downwardly adjusted its end-2017 inflation projection to 1.6 percent, from a previous 1.7 percent, BNR Governor Mugur Isarescu said Monday. BNR is expecting inflation to go up to 3.1 percent in late 2018, also down from a previous estimate of 3.4 percent, while Q1 2019 inflation should stand at 3.4 percent. The bank also says it is expecting consumer price index annual inflation to get within its ...

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