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Defence Minister Fifor, British Ambassador Brummell discuss bilateral ties, cooperation under NATO aegis

Thursday, February 8, 2018

Minister of National Defence Mihai Fifor met on Wednesday with Ambassador of the United Kingdom of Great Britain and Northern Ireland to Romania Paul Brummell, with the agenda of the talks including topical subjects related to cooperation at bilateral level and under the auspices of the North-Atlantic Alliance, a release informs."Minister Fifor voiced appreciation for UK's contribution in Romania as regards the constant military presence in all areas of warfare- ...

Romania allocated 240 million euro for assistance for development in 2016;the Republic of Moldova –the main beneficiary

Thursday, February 8, 2018

Romania allocated in 2016  a budget of 240 million euro for assistance for development,the Republic of Moldova being the main beneficiary of the funds offered by our country – shows ‘ The national report regarding official assistance for development offered by Romania in 2016’ made public by the ministry of foreign affairs (MAE).Thus, the total national budget destined to assistance for development, reported by Romania in 2016 was of 240 ...

Kovesi: 148 million euro,the damage in 275 files of abuse closed down last year

Thursday, February 8, 2018

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National Anti-corruption Directorate (DNA) Chief Prosecutor Laura Codruta Kovesi stated on Wednesday in a debate regarding fraud in public procurement that following the decision of the Constitutional Court of Romania (CCR) of 2016 regarding abuse in office where the phrase faulty is understood as breaking the law were closed down 275 files with damage of 148 milion euro. ‘For this reason,the prosecutors can investigate only those abuse in office ...

Prosecutor General Lazar: It is very important to keep confidence in dignified justice in Romania

Thursday, February 8, 2018

Keeping confidence in the Romanian justice system must be a priority for those working in the system, Prosecutor General Augustin Lazar said on Wednesday in a debate on corruption, organized by the National Anti-corruption Directorate (DNA)."We work in an environment that is characterized by a very rapid pace of changes, by the complexity of the events that occur, and often the unpredictability of the events that occur. We need to know them, analyze and manage ...

Minister-delegate Negrescu says there is "a lot of intoxication" amongst European partners on justice in Romania

Thursday, February 8, 2018

Minister-delegate for European Affairs Victor Negrescu stated on Wednesday that there is "a lot of intoxication" amongst European partners on the topic of Romania's justice system reform."Our European partners have a great desire to have more information on what is going on in the country, about what these laws mean, about what the reform of the judiciary means (...)," Negrescu told in a statement granted to private TV broadcaster Antena 3, mentioning that he ...

JusMin Tudorel Toader met European Parliament party groups and said disinformation ongoing

Thursday, February 8, 2018

Justice Minister Tudorel Toader met in Strasbourg with co-chairmen of the European Conservatives and Reformists Group, with the main topic of the talks being the amendments to the laws of Justice. He told journalists disinformation is ongoing at European level. Asked if there is disinformation at European level, Toader said: “I am convinced. There is something, coming from lack of knowledge or disinformation, maybe from other considerations.” He added that his ...

Vera Jourova, EC Commissioner for Justice says EU concerns over justice laws in Romania should be taken seriously

Thursday, February 8, 2018

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The European Parliament on Wednesday hosted a debate on the impact of the amendments to the laws of justice on the rule of law in Romania, mainly focusing on the development of the reform in the judicial system in Romania and the threat it could represent to the rule of law. The debate was attended by European Commissioner for Justice, Vera Jourova, who reiterated warnings over the amendments operated on the justice laws in Romania, romaniajournal.ro ...

Michel Barnier  to visit Romania in near future

Thursday, February 8, 2018

The European Union's chief negotiator for Brexit, Michel Barnier, will visit Romania in the near future, Minister-delegate for European Affairs Victor Negrescu announced on Tuesday."I am glad to inform you that Michel Barnier will visit Romania in the near future in order to strengthen the cooperation and increase the quality of our country's contribution to the consolidation of the European Union," Victor Negrescu has written on Facebook.At the same ...

Isarescu, BNR: Uncertainty and risks mainly come from fiscal and income policy and labour market conditions

Thursday, February 8, 2018

During a press briefing on Wednesday, the governor of the National Bank of Romania (BNR) said that “from the previous report, the inflation’s trajectory was revised upwards. Uncertainty and risks mainly come from the conduct of fiscal and income policy, as well as from the conditions in the labour market”, business-review.eu informs. The governor also said that the annual rate of inflation grew from 3.23 percent in November to 3.32 ...

EC forecast: Romania's economic growth to slow down to 4.5 pct this year, 4 pct in 2019

Thursday, February 8, 2018

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 The European Commission expects Romania's economy to slow down to 4.5 pct in 2018 and 4 pct in 2019, states the EC's Winter 2018 Economic Forecast released this Wednesday.''Economic growth in Romania accelerated in 2017, with real GDP estimated to have grown by 6.7 pct (y-o-y) - a post-crisis high. The main driver of growth was private consumption, supported by indirect tax cuts and wage hikes both in the public and the private sectors. After contracting in ...

Coface estimates 4pct inflation in January, 5pct in Q1

Thursday, February 8, 2018

 Inflation is expected to reach 4 per cent in January and 5 per cent in the first quarter of the year, to drop back to 3.5 per cent towards the end of the year, claim the Coface representatives."We will probably see an inflation rate having climbed to 4 per cent in January, with the basic impact caused by the cut in the excise for fuels, to be visible in the beginning, and then it will go up to 5 per cent, in line with the consumption growth, following at a ...

Central bank raises key rate to 2.25 pct per annum

Thursday, February 8, 2018

The Board of the National Bank of Romania (BNR) has decided to raise the benchmark interest rate to 2.25 pct from 2 pct per annum beginning February 8, 2018, the central bank said in a release.The monetary authority also decided to increase the deposit facility rate to 1.25 pct per annum from 1 pct per annum and to put up the lending facility rate to 3.25 pct per annum from 3 pct.The minimum reserve requirement ratios on both leu- and foreign ...

Isarescu: Three-month ROBOR to follow today's augmentation, credits due to marginally go up, consequently

Thursday, February 8, 2018

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The three-month ROBOR Romanian Interbank Offer Rate, the one influencing the interest rate of loans granted in lei will follow, within a certain period of time the augmentation of Wednesday's key interest and loans in lei will consequently become more expensive, National Bank of Romania (BNR)'s Governor Mugur Isarescu told a press conference."I believe the three-month ROBOR, the one that influences the interest rates of loans granted in lei, will follow, within a ...

Coface: Romanian economy is more sensitive to high interest rates than to a weaker leu

Thursday, February 8, 2018

The Romanian economy is more sensitive to high interest rates than a weaker leu, with the National Bank of Romania (BNR) facing a dilemma because of this, says Iancu Guda, services director with Coface Romania."Inflation is already stepping up heading to 5 per cent in the first half of the current year and we have really negative interest rates. And that's why the BNR is currently facing a dilemma, for you cannot maintain interest rates at low levels and have a ...

Romania - NATO expert meeting in Bucharest examines 2017 - 2018 defence capabilities

Wednesday, February 7, 2018

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The Romania - NATO expert meeting taking place on Tuesday and Wednesday in Bucharest is an important stage in the analysis of defence capabilities under the NATO defence planning process, the National Defence Ministry (MApN) said in a release.The two-day event looks at "the extent to which NATO's political goals, level of ambition and associated capability targets have been met," for the "directions for the next defence planning cycle" to be subsequently ...

President Iohannis, in private visit to Germany and Spain

Wednesday, February 7, 2018

President Klaus Iohannis is paying a private visit to the Federal Republic of Germany and the Kingdom of Spain, the Presidential Administration mentioned.According to the quoted source, the head of state is carrying out this private visit from 3 to 10 ...

Moldovan ForMin Tudor Ulianovschi:"We want the Romanian investments in the Moldovan economy to increase considerably”

Wednesday, February 7, 2018

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Romania's strategic objective in the relations with the Republic of Moldova remains the European integration of the neighboring state, being "the only option that can bring prosperity, security and freedom to citizens regardless of age, ethnicity, spoken language or religion," Romanian Foreign Minister Teodor Melescanu said on Tuesday in a joint press release with his Moldovan counterpart Tudor Ulianovschi."The relationship with the Republic of Moldova remains a ...

JusMin Toader met EC First Vice-President Timmermans in Strasbourg

Wednesday, February 7, 2018

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Justice Minister Tudorel Toader met on Tuesday at the European Parliament headquarters in Strasbourg with First Vice-President of the European Commission Frans Timmermans, among the topics discussed being the course and the current stage of the justice laws, as well as the amendment of the Criminal Code and the Criminal Procedure Code.According to a press release of the Justice Ministry, another topic tackled during the meeting refers to the Constitutional Court's ...

The Opposition accuses ruling power of keeping debates with the Venice Commission secret

Wednesday, February 7, 2018

Save Romanian Union (USR), the second opposition party in the Parliament, accuses the ruling power MPs they have discussed with the visiting delegation of the Venice Commission behind closed doors and the opposition parties had no access to that meeting, romaniajournal.ro says. USR deputy Stelian Ion said the sitting of the lower chamber’s legal committee on Tuesday had been postponed so that the committee chairman Eugen Nicolicea (PSD) could ...

SocDem senator: Juncker’s threat is “ridiculous and slightly ethyl-like”

Wednesday, February 7, 2018

Social-democrat (PSD) senator Serban Nicolae has stated on Tuesday that EC President Jean Claude Juncker’s statements on Romania look like a “ridiculous, slightly ethyl-like threat”, while adding that Juncker’s opinion that “the Parliament must observe the Romanian Constitution” is “ridiculous and redundant”, romaniajournal.ro reads. “I saw some personal opinions, I saw a gentleman who is the ...

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