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PSD's CexN validated proposals for the new Regional Development, Transport and European Funds ministers - Paul Stanescu, Felix Stroe and Marius Nica, respectively

Monday, October 16, 2017

The Chairman of the Social Democratic Party (PSD), Liviu Dragnea, on Friday announced that the proposals for the new Regional Development, Transport and European Funds ministers - Paul Stanescu, Felix Stroe and Marius Nica, respectively - have been validated by the National Executive Committee (CExN) of the PSD with unanimity of votes, also mentioning that the political decision to ...

On Monday PM Tudose will present to President Klaus Iohannis the new proposals for ministers

Monday, October 16, 2017

 Prime Minister Mihai Tudose announced on Friday, at the end of a meeting of the Social Democratic Party (PSD) National Executive Committee, that on Monday he will present to President Klaus Iohannis the new proposals for ...

PNL asks reshuffle for three more ministers

Monday, October 16, 2017

The National Liberal Party (PNL) retorted in a press release on Friday that the reshuffle of the Tudose Cabinet is “cheap staging” which proves PM Tudose and Liviu Dragnea’s inability to rule, while summoning PM Tudose to sack ministers for Parliament Liaison Viorel Ilie, Education minister Liviu Pop and Health minister Florian Bodog, romaniajournal.ro reads. “The leaders of this party are not preoccupied with the ruling at all, ...

Cristian Diaconescu, former minister of foreign affairs: PSD seems incapable to manage in the country as well as to lead the country

Monday, October 16, 2017

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The Social Democratic Party (PSD) ‘ seems incapable to manage its interests in the party and at the same time to lead the country’ the same situation having results on ‘ the capacity to manage the interests of Romania’ said on Friday for Mediafax Live, the former minister of foreign affairs Cristian ...

ForMin Melescanu and Ukrainian counterpart Pavlo Klimkin discuss about Ukraine's education law

Monday, October 16, 2017

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Romania's Foreign Minister Teodor Melescanu told a joint news conference with his Ukrainian counterpart Pavlo Klimkin that Ukraine's new law of education is a "very sensitive subject" in the relationship between the two countries, but Ukraine is open to dialogue on this issue. "We have repeatedly expressed concern over the negative effects of the law on ...

DNA's Kovesi presented at CSM her viewpoint on the report of the Judicial Inspection

Monday, October 16, 2017

National Anticorruption Directorate (DNA) Chief Prosecutor Laura Codruta Kovesi said on Friday that there is no single control report drawn up following the control of the Judicial Inspection at the DNA, and the conclusions are not uniform and ...

PM Tudose: Split VAT measure to be amended in Parliament, no longer mandatory for everyone

Monday, October 16, 2017

Prime Minister Mihai Tudose on Friday said that the split VAT will take into account certain proposals of employers' organisations and will be subjected to amending in Parliament, adding that the measure would target, first of all, companies undergoing insolvency or bankruptcy. He said a reward system was being thought to be set in place. "Nuances started cropping up after discussions with employers' organisations; some of their comments are correct ...

THE GROSS DOMESTIC PRODUCTS IN 2015 WAS, IN REAL TERMS, BY 4.0%1 HIGHER, AS COMPARED TO 2014

Monday, October 16, 2017

The National Institute of Statistics (INS) revised upwards by 0.2 percentage points, to 4 pct, the economic advance in 2015, reads a press release of the institution sent on Friday. "The Gross Domestic Product (GDP) estimated for 2015 - final data - was over 712.658 billion lei in current prices, up 4 pct in real terms as compared to 2014. As against the semi-final version, in the final one, the nominal Gross Domestic Product estimated for 2015 increased by ...

Euro trades at 4.5889 lei on Friday

Monday, October 16, 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 ...

3-month ROBOR index continues upward trend, reaches 1.84pc on Friday

Monday, October 16, 2017

The 3-month ROBOR index, the average interest rate on which Romanian banks borrow from each other, has climbed on Friday on the interbank market to 1.84%, the National Bank of Romania (BNR) informs, romaniajournal.ro reads. The current level is the same as in November 2014. On November 11, 2014 the index was 1.84% per annum. On Thursday the level was of 1.82% against 1.78% on Wednesday and 0.87% at the beginning of the ...

The vulnerabilities of the stability of the Romanian financial system: the over indebtedness  of the population and the health of the companies

Monday, October 16, 2017

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The National Committee regarding the Supervision of the Macroprudence (CNSM) identified, in the last meeting, two vulnerabilities on the stability of the Romanian financial system, which refer to the health of the non-financial companies in Romania and the indebtedness of the population The first vulnerability is ‘ the persistence of the negative results for a numerous group of companies, the poor  quality of the own capitals and the high ...

Contract with US firm to relaunch Romanian military equipment factory

Monday, October 16, 2017

The Memorandum signed by Romania’s Economy Ministry and the US weaponry producer General Dynamics European Land Systems (GDELS) will help relaunch the local military equipment factory Uzina Mecanica Bucuresti (UMB), the Economy Ministry announced on Thursday, October 12, romania-insider.com reads. The plant is part of the state defense contractor Romarm. It has been underused in recent years due to the ...

In August 2017, the wholesale turnover increased by  2.6% compared to the previous month

Monday, October 16, 2017

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As against the previous month, in August 2017 the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in nominal terms, increased both as gross series by 7.1% and ...

IN AUGUST 2017, THE VOLUME OF CONSTRUCTION WORKS DECREASED BY 0.3%

Monday, October 16, 2017

Compared to the previous month, in August 2017, the volume of construction works decreased both as gross series and as adjusted series according to the number of working days and to seasonality, by 0.1% and by 0.3%, ...

ActiveWatch: national press agency risks to be placed in the "cabinet of controllable institutions"

Monday, October 16, 2017

ActiveWatch stated that the amendments to the law governing the functioning of the Romanian National News Agency AGERPRES risk placing the national press agency in the "cabinet of controllable institutions" and drew attention to the fact that the debates on Wednesday in the Senate's Culture and Media Committee were attended by the civil society, but that they were ...

DW: Tudose clinches cabinet reshuffle amid anti-corruption drive

Friday, October 13, 2017

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A reshuffle of Romania’s cabinet is due Friday after the forced departure of two ministers facing anti-corruption probes, dw.com reports. Prime Minister Mihai Tudose has wrested backing from his Social Democrats for the shakeup. Tudose had himself threatened to resign during a dramatic six-hour meeting of the governing PSD party's executive late Thursday, but got the resignations of the two ministers in the end, according to reports from ...

PSD: on Friday there will be a new meeting to establish the replacements for the outgoing ministers

Friday, October 13, 2017

Social Democratic Party (PSD) Chairman Liviu Dragnea announced on Thursday evening that on Friday there will be a new meeting of the party's National Executive Committee in order to establish the replacements for the outgoing ...

President Iohannis: A government must be made of untainted people, free of all issue and honest

Friday, October 13, 2017

 A government must be made of "untainted people", not riddled with issues whatsoever, President Klaus Iohannis said on Thursday. "A government must be made of untainted people, free of all issue and honest, and the entire political leadership should be made of upright people," Iohannis said after a visit to the Ford plant in Craiova. According to the head of the state, the government team must have no integrity ...

The IMAS survey which shows that Mihai Tudose is more popular than Liviu Dragnea

Friday, October 13, 2017

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Although he raised pensions and salaries in 2017 the Social  Democrat Party (PSD) is dropping in the voting intention of the  Romanians. ‘ The blame’ is with Liviu Dragnea and Florin Iordache the sociologist Alin Teodorescu, manager of IMAS 9 a close connection of the government party says when identifying two’ shocks’ which pulled PSD down in 2017 – the ordnance 13 and the censure motion against their own ...

European Commissioner Marianne Thyssen: în EU social security contributions are normally paid by employers and employees alike

Friday, October 13, 2017

European Commissioner for Employment, Social Affairs, Skills and Labour Mobility Marianne Thyssen said on Thursday, in Iasi, that in the European states the social security contributions are normally paid by employers and employees alike. Asked ...

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