Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Daily

DefMin Tutuianu met a delegation of General Dynamics European Land Systems

Monday, August 7, 2017

 Defence Minister, Adrian Tutuianu, on Friday met a delegation of General Dynamics European Land Systems, part of the General Dynamics Corporation, during the discussions highlighting the fact that, for the Ministry, the building and production of the armoured troop carrier in Romania is of key interest security-wise, reads a ...

Gov't approved child allowance, with a maximum ceiling established of 8,500 lei per month

Monday, August 7, 2017

The Government on Friday issued an Emergency Ordinance (OUG) 111/2010, on child allowance, with a maximum ceiling established of 8,500 lei per month. According to a press release of the Executive, the measure will apply starting September 2017, ...

Romania Puts Cap on Special Military Pensions

Monday, August 7, 2017

Social Democrat-led government said on Friday it would cap special pensionsfor the military and secret services to keep spending in check, Reuters reports quoted by novinite.com.A number of wage increases and tax cuts have raised concerns with the European Commission and the International Monetary Fund that the European Union member state will miss its fiscal deficit target of 3.0 percent of gross domestic product.Pay deals ...

Govt adopts measures to crack down on illegal labor

Monday, August 7, 2017

Romania's government has adopted a set of measures to crack down on illegal labor and income tax avoidance, AP correspondent reports. The government passed an emergency decree Friday which states that employers will have to keep a copy of employees' labor contracts at the workplace and documents to demonstrate how much time employees work daily. It was unclear how employers would comply with the last measure. Employers will be ...

BNR to keep monetary policy interest rate at 1.75 percent per annum

Monday, August 7, 2017

The National Bank of Romania (BNR) decided in the Board meeting on Friday to maintain the monetary policy interest rate at 1.75 percent per annum, according to a BNR release.In the same meeting, BNR decided to pursue a proper management of the banking system liquidity and keep the current levels of the minimum reserve requirement ratios applicable to liabilities in lei and forex of the loaning institutions. The minimum reserve requirement ...

Euro trades at 4.5634 lei on Friday

Monday, August 7, 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 follows: CURRENCY SYMBOL ...

Report: the most important reason to invest in Romania is that it provides access to the European single market

Monday, August 7, 2017

170807104044invest_in_romania_533x330.jpg

Market access, competitive salaries, quality of life and reduced taxes are among the 10 reasons why investors should invest in cities in Romania, reads a report put together by the RISE Consortium Global Investment Platform. The report shows ...

Smartree: Romanian private sector wages up 7 pct on average in H1

Monday, August 7, 2017

HR outsourcing consultancy Smartree says that wages in the private sector rose by an average of 7 percent in the first half of this year compared to the same period of last year, mainly due to the increase of the minimum wage and possible negotiations between companies and employees. The biggest increases in pay were recorded in the car parts manufacturing industry, pharma and software development, according to the Smartree Workforce Index. The number ...

Eurobarometer: Romanians rank fourth in Europe with regard to trust in EU

Monday, August 7, 2017

170807104525romania_ue_72091800.jpg

Romanians rank fourth in Europe with regard to trust in the European Union, with 57 percent stating they have confidence in the EU as compared to 42 percent - the European average, show the results of the standard Eurobarometer of the 2017 spring, carried out May 20 to 30, 2017 and released by the European Commission on August ...

Code Orange and Code Yellow advisories for heatwave for the regions of Oltenia, Muntenia and Dobrogea for August 7

Monday, August 7, 2017

170807095400image_2017_08_6_21940566_41_coduri_galben_portocaliu_canicula.jpg

The National Weather Administration (ANM) has issued, on Sunday, a Code Yellow warning for atmospheric instability for the western, northern, central, north-eastern regions and the mountain areas, in force August 6-8, as well as two Code Orange and Code Yellow advisories for heatwave for the regions of Oltenia, Muntenia and Dobrogea for ...

France's President to pay visit to Romania on 24 August

Friday, August 4, 2017

170804082548emmanuel_macron_759.jpg

France's President Emmanuel Macron will pay a visit to Romania on 24 August, French diplomatic sources confirm. Macron is paying his first visit to Romania. President Klaus Iohannis had a meeting with his French counterpart on the sidelines of the European Council meeting in Brussels in ...

PM Tudose met Bell Helicopter reps to discuss acquisition of attack helicopters

Friday, August 4, 2017

1708040827061501764848original___nt__lnire_cu_reprezentan__i_ai_companiei_bell_helicopter04.jpg

Prime Minister Mihai Tudose on Thursday welcomed representatives of Bell Helicopter at the Government House to discuss the intention to buy attack helicopters from the American company. The Government says in a press statement that also attending the meeting were Defence Minister Adrian Tutuianu, Economy Minister Mihai Fifor, Chief of Romania's General Army ...

Ministry of Defence has launched auctions for the acquisition of transportation trucks and tank trucks for transportation of fuels

Friday, August 4, 2017

 The Ministry of Defence has launched a series of auctions for the acquisition of transportation trucks and tank trucks for transportation of liquid fuels, according to the announcements on Thursday published on the SEAP [The Society for Excellence in Public Administration] Website. One of the announcements refers to the ...

Romania supports criminal proceedings under Dutch law to clarify the circumstances of an MH-17 aircraft crash

Friday, August 4, 2017

Romania's Foreign Affairs Ministry (MAE) has announced support for the decision of the Joint Investigation Team (JIT), consisting of the Netherlands, Ukraine, Malaysia, Australia and Belgium, for the conduct of criminal proceedings under Dutch law to clarify the circumstances of an MH-17 aircraft crash. "We are calling on all the ...

Euro trades at 4.5632 lei on Thursday

Friday, August 4, 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 RON 1 Euro EUR 4.5632 1 US dollar USD 3.8524 1 Swiss franc CHF ...

Romsilva identified approximately 3,840 ha of virgin and semi-virgin forests January through June this year

Friday, August 4, 2017

170804083057DEd1wBPXcAI3ReR.jpg

The Romanian National Forest Administration - Romsilva identified approximately 3,840 ha of virgin and semi-virgin forests January through June this year, which could be listed in the National Catalogue of Virgin and Semi-virgin Forests, the institution informed in a release to AGERPRES on Thursday. According to the centralized ...

Russia limits living pigs, pork meat imports from Romania

Friday, August 4, 2017

The Sanitary-Veterinary Authority from Russia(Rosselkhoznadzor) announced this Wednesday that starting August 2, it introduced temporary restrictions regarding the living pigs and pork imports from Romania, after the discovery of an African swine pest stokehole, according to Itar TASS, business-review.eu reads.   Rosselkhoznadzor says that the products which have these restrictions and will arrive to the Russia’s borders after August 2, will be sent back no matter the date ...

Eurostat: Volume of retail trade up by 0.5% in euro area - Up by 0.4% in EU28

Friday, August 4, 2017

1708040832472528_f8ef168d5cff33b9e13d4dfa8fdec34c.jpg

In June 2017 compared with May 2017, the seasonally adjusted volume of retail trade rose by 0.5% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May the retail trade volume increased by 0.4% in the euro area and by 0.3% in the EU28. In June 2017 compared with June 2016 the ...

In June 2017, the retail turnover increased by 7.3% compared to June 2016

Friday, August 4, 2017

Compared to the previous month, in June 2017 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) decreased both as gross series by 1.5% and as adjusted series according to the number of working days and to seasonality by ...

Puiu Popoviciu, sentenced to 7 years in jail in Baneasa Farm file, has allegedly fled the country in June

Friday, August 4, 2017

Businessman Puiu Popoviciu, sentenced to 7 years in jail, was not found at his domicile by police, romaniajournal.ro reports. A national warrant was issued on Thursday. Police sources claim that Popoviciu has allegedly fled the country in June and Police will request the issuance of a European warrant on his name. Popoviciu was not banned to leave the country until the sentence on Wednesday, hotnews.ro informs. Police sources say his last declared domicile was in ...

Premium News

Daily

Friday, August 18, 2017

Financial & Banking

Monday, August 14, 2017

Economic

Tuesday, August 15, 2017

Companies

Wednesday, August 16, 2017

Energy & Environment

Thursday, August 17, 2017