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National minimum gross wage to RON 1,900 lei (roughly 408 euro) as of 1 January 2018

Thursday, November 30, 2017

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The gov't approved on Wednesday in its weekly sitting the increase of the national minimum gross wage to RON 1,900 lei (roughly 408 euro) as of 1 January 2018, a release informs. According to the gov't resolution, the ...

Euro trades at 4.6422 lei on Wednesday

Thursday, November 30, 2017

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

PM Tudose: BRUA gas pipeline project is "a major investment" that will help create 3,000 jobs

Thursday, November 30, 2017

 Premier Mihai Tudose congratulated on Wednesday, at the beginning of the government meeting, the Ministries of Economy and Energy, as well as national gas transmission company Transgaz on the signing of the the contract for the execution of the Bulgaria - Romania - Hungary - Austria (BRUA) gas pipeline, mentioning that this project is "a major investment" that will help create 3,000 jobs. The contract-signing ...

In  October  2017,  the  seasonally  adjusted  unemployment rate was estimated at 4.9% 

Thursday, November 30, 2017

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Unemployment rate in October 2017 had the same level a? the one recorded for the previous  month (4.9%).  Men’s unemployment rate was higher than that of women with 1.9 percentages points.   The nationwide unemployment rate was ...

Vodafone Romania and OMV Petrom complete trial of NB-IoT technology

Thursday, November 30, 2017

Oil major OMV Petrom and telecom player Vodafone Romania have completed the first national trial for using the standardized NarrowBand-Internet of Things (NB-IoT) technology in the oil and gas sector, business-review.eu informs. The technology was tested on equipment located in the proximity of producing wells, in isolated areas, without cable internet access and without GSM coverage. “More efficient costs, permanent and ...

Bucharest City Hall occupies main protest square with Christmas market

Thursday, November 30, 2017

A Christmas market, the third to be organized in Bucharest this year, aims to remove the protests from Bucharest’s Victoriei Square, romania-insider.com informs. Protests have been taking place regularly in the square in front of the Romanian Government’s building since January, when the current governing coalition made its first attempt to change important laws for ...

CSAT : National Defence Ministry will participate in 2018, outside the borders of the Romanian state with 1,775 servicemen

Wednesday, November 29, 2017

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The Supreme Council for National Defence (CSAT) has greenlighted on Tuesday a plan for the use of the Romanian Armed Forces that are deployed on missions and operations abroad in 2018, according to a press release of the Presidential Administration. The National Defence Ministry will participate in 2018, outside the borders of the Romanian state with 1,775 servicemen, by 286 more servicemen than last year. The military can be deployed in theatres of ...

Senate's Speaker Calin Popescu-Tariceanu and the Chamber of Deputies' Speaker Liviu Dragnea: United States must trust the Romanian Parliament

Wednesday, November 29, 2017

  The United States must trust the Romanian Parliament, which aims to "strengthen the independence of the judiciary" and "to eliminate political influences in the functioning of the judiciary," reads a press release issued on Tuesday by the Senate's Speaker Calin Popescu-Tariceanu and the Chamber of Deputies' Speaker Liviu Dragnea. "The United States must trust the Parliament of Romania, which aims to strengthen ...

Florin Iordache: the Special Parliamentary Committee on the Justice package will continue the debate

Wednesday, November 29, 2017

 The message of the US Department of State regarding the Justice Laws should be fully read, head of the Special Parliamentary Committee on the Justice package Florin Iordache stated. "That message should be entirely read. That message speaks about the laws proposed by the Government. As you have seen, we have a very wide debate and we are starting from some laws adopted 14 year ago and the entire judicial system of Romania demands us to intervene on ...

JusMin Toader: Romanian Parliament cannot be prevented from legislating

Wednesday, November 29, 2017

Justice Minister Tudorel Toader said on Tuesday that the US Department of State is expressing itself as allowed, adding that the Romanian Parliament cannot be prevented from legislating. "With regard to the US Department of State's statement: the US Department of State is expressing itself as allowed to. I have read the statement myself and found two directions of expression. The first hypothesis, the first part reading concern about the legislation that ...

Hans Klemm, US ambassador: State Department press release should not be a surprise

Wednesday, November 29, 2017

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US ambassador Hans Klemm declared on Tuesday, after the  State Department press release about amendments to the laws of justice, that the press release should not be a surprise, as the embassy had repeatedly expressed the same opinion. “Yesterday’s State Department press statement should not be a surprise. Back in August, on August 29, the U.S. Embassy issued a communique concerning the proposals of the Justice Ministry, and in the ...

BNR's Georgescu: Romania's social-economic development, slower than economic growth

Wednesday, November 29, 2017

Romania's social-economic development is slower that the economic growth, First Deputy Governor of the National Bank of Romania (BNR) Florin Georgescu told Tuesday the international conference titled "Measuring Development in Turbulent Times". "So not every growth leads to development if it is not well handled both by the market and the state's selective intervention, the overall favourable macro-economic evolutions being only partially felt in the ...

BNR expresses wish to “have a meeting” with Mihai Tudose

Wednesday, November 29, 2017

The Administration Board of the National Bank of Romania (BNR), in its meeting of November 27, announced to have “noted premier Mihai Tudose’s public statements” about the activity of the National Bank and expressed its wish to have a meeting with the prime minister. “As a continuation of the good collaboration existing between institutions, the BNR Administration Board expresses the wish to have a meeting with premier Mihai ...

IMF appointed new mission leader in Romania

Wednesday, November 29, 2017

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The International Monetary Fund announced on Tuesday that it had appointed South Korean Jaewoo Lee in the position of head of the mission for Romania and Bulgaria, replacing Pakistani Reza Baqir. The latter was appointed head of the IMF mission for Romania in January 2016. Lee will begin his mandate on December 7. Previously he held the position of head of IMF mission for Sri Lanka and was deputy director in the Asia Pacific ...

Budget deficit declined by 0.70 percent of GDP after the first ten months of 2017

Wednesday, November 29, 2017

The general consolidated budget deficit declined to 6.6 billion lei (0.70 percent of the Gross Domestic Product - GDP) after the first ten months of 2017, from 6.8 billion lei (0.81 percent of the GDP) in the first nine months, the Public Finance Ministry informs. Compared to the first ten months of 2016, the general consolidated budget deficit increased five times, from 1.3 billion lei (0.17 percent of the GDP) in the period between January and October 2016, ...

Euro trades at 4.6416 lei on Tuesday

Wednesday, November 29, 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 follows: CURRENCY SYMBOL RON 1 Euro EUR 4.6416 1 US dollar USD 3.9066 1 Swiss franc CHF 3.9748 1 British pound GBP 5.1943 100 Japanese yen JPY 3.5100 1 Moldovan leu MDL 0.2252 1 Russian rouble RUB 0.0670 1 new ...

Signing ceremony for works contracts on the BRUA natural gas pipeline - Phase 1

Wednesday, November 29, 2017

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The BRUA project is a priority for the Romanian Government, as it is of particular importance to Romania's security and independence, Deputy Prime Minister Marcel Ciolacu said on Tuesday. A signing ceremony for works contracts on the BRUA natural gas pipeline - Phase 1 was held at the Government House, under the BRUA Project. "The BRUA project is a priority for the Government of Mihai Tudose, (...) as it is a very important project to ...

20 million euro for Romania-Serbia cross-border cooperation projects

Wednesday, November 29, 2017

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Romania and Serbia will be able to run cross-border cooperation projects in the line of environmental protection, employment or sustainable tourism, as a total of 20 million euro have been earmarked for projects due for submission by March 30, 2018. The Ministry of Regional Development, Public Administration and European Funds (MDRAPFE) launched on Tuesday the second call for projects under the Interreg IPA Cross-border Cooperation Program ...

Retail trade, service managers estimating moderate business increase Nov.-Jan., relative stability in manufacturing

Wednesday, November 29, 2017

Retail trade and services managers are forecasting a moderate increase in their activity November 2017 - January 2018, while construction activity should decline and relative stability in manufacturing should be expected, according to data with the National Institute of Statistics (INS) released on Tuesday. "In a November 2017 survey, manufacturing managers ...

THE NUMBER OF CONSTRUCTION PERMITS RELEASED  FOR RESIDENTIAL BUILDINGS INCREASED BY 13.1%  COMPARED TO OCTOBER 2016 

Wednesday, November 29, 2017

- In  October  2017,  3861  construction  permits  were  released  for  residential  buildings,  a  4.2%  decrease ...

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