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JusMin Toader discusses bill amending Justice Laws with Germany's Ambassador Cord Meier-Klodt

Friday, October 6, 2017

The bill amending the Justice Laws was among the topics discussed by Justice Minister Tudorel Toader with Germany's Ambassador to Romania Cord Meier-Klodt. According to a release of the Justice Ministry sent on Thursday, Minister Tudorel Toader and State Secretary Marieta Safta welcomed on Wednesday Germany's Ambassador to Romania Cord Meier-Klodt, who was ...

Isarescu (BNR): Litigation costs affect clients and banks alike

Friday, October 6, 2017

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Litigation costs affect clients and banks alike, and for lower costs of loans, we have to take them into consideration, Governor of the National Bank of Romania (BNR) Mugur Isarescu told a conference called "Alternative resolution of financial and banking litigations". "Law and the institution combined in Romania make it that before the courts step in or even to avoid their trail, if banks and clients are in litigation, they are equally entitled to correct, ...

Euro trades at .5782 lei on Thursday

Friday, October 6, 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 ...

Romania rejects all bids in 400 mln lei (87 mln euro) 2-yr T-note auction

Friday, October 6, 2017

Romania on Thursday rejected all bids in a 400 million lei ($103 million/87 million euro) auction of Treasury notes due on February 25, 2019, central bank data showed quoted by seenews.com. Bids for a total of 424.5 million lei worth of government paper were placed. The issue will be reopened on Friday when the finance ministry hopes to raise 60 million lei in a non-competitive tender. At the ...

Romanians prefer local food, but foreign-made devices, study reveals

Friday, October 6, 2017

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  Most Romanians in the urban area prefer the food they consume to have domestic origin, romaniajournal.ro reports. However, when it comes to electronics, appliances, cars or phones / tablets, they appreciate more the foreign brands, according to a iSense Solutions study. Thus, from a list of 14 categories of evaluated products, the consumers choose those of Romanian origin, first of all when it comes to ...

Bucharest, a Trade Winds hub between Oct. 18 - 20

Friday, October 6, 2017

Trade Winds, the largest annual US government-led trade mission, targeting this year Southeast Europe, will take place in Bucharest October 18-20 with many American and Romanian companies expected to attend, representatives of the US Department of Commerce told a press meeting. The 10th edition of Trade Winds takes place in South East Europe (Romania, ...

A gallery collapses at Lupeni coalmine trapping underground a team of 11 miners

Friday, October 6, 2017

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The rescuers managed to get to the third miner trapped in Lupeni mine, but he didn't display any vital signs, nor a pulse, Energy Minister Toma Petcu stated on Friday morning in Lupeni. According ...

RO-ALERT, a public Emergency alert system, to be implemented în Romania

Friday, October 6, 2017

A public Emergency alert system called RO-ALERT will be implemented in Romania in order to prevent the loss of human lives as a result of dangerous meteorological and hydrological phenomena, according to a government emergency ordinance adopted on Thursday. The Government says in a press statement that through this system, real-time warning messages will be sent to the population through modern technologies in the field of communications and information ...

Croatian President Kolinda Grabar-Kitarovic, on an official trip to the largest population of ethnic Croats in Romania

Thursday, October 5, 2017

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The governments of Romania and Croatia must do everything in their power to set the conditions in place for the people's living standard to increase, said visiting Croatian President Kolinda Grabar-Kitarovic on Wednesday, while on an official trip to Romania's southwestern Caras-Severin county which is home to the largest population of ethnic Croats in ...

EurActiv: Bulgaria and Romania seek investors for big infrastructure projects

Thursday, October 5, 2017

Bulgaria and Romania are on the lookout for investors in three big regional infrastructure projects, following a joint session of the heads of government on Tuesday (3 October), Bulgarian media reported quoted by euractiv.com. The two Balkan countries aim to build a second bridge over the Danube, connecting the Bulgarian city of Ruse and the Romanian city of Giurgiu, in an attempt to improve infrastructure connectivity in the region and ...

Ambassador Maior met Congresseman Mike Tuner in the context of NATO Parliamentary Assembly due in Bucharest 6 through 9 October

Thursday, October 5, 2017

The Romanian ambassador in Washington George Cristian Maior met with Mike Turner, Chairman of the Subcommittee on Tactical Air and Land Forces, also the Chairman of the Congressional Romania Caucus in the context of the forthcoming meeting of the NATO Parliamentary Assembly due in Bucharest 6 through 9 October, a release by the Romanian Embassy in the US informed on ...

Ambassador of Belarus: Romania might become for Belarus a gateway for the European Union

Thursday, October 5, 2017

The Ambassador of the Republic of Belarus to Romania, Andrei Grinkevich, on an official visit in eastern Galati, stated on Wednesday that Romania might become for Belarus a gateway for the European Union and Belarus for Romania - an entryway for the Euro-Asian ...

Simple motion regarding the transport infrastructure was rejected by the plenary meeting of the Deputies' Chamber

Thursday, October 5, 2017

The simple motion initiated by the National Liberal Party (PNL) and the Save Romania Union (USR) regarding the transport infrastructure was rejected on Wednesday by the plenary meeting of the Deputies' Chamber with 104 votes in favour and 115 ...

The law  for  party financing, amended: the money obtained illegally cannot be confiscated anymore

Thursday, October 5, 2017

The plenary of the Deputies’ Chamber adopted on Wednesday the draft which amends the law for the financing of the political parties and electoral campaigns so that the money obtained by the breach of legal provisions will not be confiscated and  directed to the state budget. The draft law adopted by the Deputies Chamber amends the law for the financing of the political parties and the electoral campaigns by annulling the articles ...

Dragnea: We cannot give up any measure that helps employees in Romania because we are scared of protest

Thursday, October 5, 2017

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PSD (ruling social-democrat party) leader Liviu Dragnea said on Wednesday, in Mioveni, that trade union protests cannot halt the decision to transfer social contributions from the employer to the employee. The statement was made in the context in which the social democrat leader was asked, during a press conference organized at Dacia car plant, how he comments on Prime Minister Mihai Tudose's allegedly announcing, after meeting with trade unionists, ...

Ambassador Brummel: contracts for difference can be enforced to the project of nuclear reactors 3 and 4 in Cernavoda

Thursday, October 5, 2017

The UK implemented a support mechanism for nuclear energy, called contracts for difference, a system which ensures investors that they will recover their costs, which can also be enforced in Romania to the project of nuclear reactors 3 and 4 in Cernavoda, Ambassador of the UK to Romania Paul Brummel stated, on the occasion of a summit on nuclear ...

The European Commission sends Romania five WARNINGS  of delay for some directives implementation

Thursday, October 5, 2017

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The European Commission sent on Wednesday to Romania five decisions which include two letters of formal notice and three warnings in the following domains: single digital market, environment, mobility and transport. In the monthly infringement packages, those referring to Romania include: a letter of formal notice regarding the regulated analysis of  telecom markets, a letter of formal notice referring to the adoption of noise maps and action ...

Three-month ROBOR drops to 1.79pct on Wednesday

Thursday, October 5, 2017

The three-month ROBOR Romanian Interbank Offer Rate, the average interest rate at which Romanian banks borrow among them, on Wednesday was standing at 1.79 percent, down from 1.8 percent on Tuesday, and up from 0.87 percent earlier in the year, according to data with the National Bank of Romania (BNR). The 6-month ROBOR declined to 1.87 percent per annum on Monday from 1.89 percent on Tuesday. Better tax collection has led to a ...

Euro trades at 4.5772 lei on Wednesday

Thursday, October 5, 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 ...

Eurostat: retail trade volume in Romania increased by 15.8 percent in August 2017

Thursday, October 5, 2017

Total retail trade volume in Romania increased by 15.8 percent in August 2017 from August 2016, the highest annual increase in retail trade reported by the European Union member states, according to data released on Wednesday by the European Union's statistics office ...

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