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EC message after Dragnea accused Angela Cristea of sending lies to Brussels

Wednesday, February 7, 2018

The European Commission says that president Jean Claude Juncker appreciates the activity of the the head of the European Commission Delegation in Bucharest , Angela Cristea, in the context in which PSD ( social-democrat) leader Liviu Dragnea said he had shown the head of state the lies sent by her to European commissioners. The Commission has closely monitored the parliamentary process in Romania, has been in contact with the Government and Parliament ...

Ambassador Jabu Ntsokolo Ishmael Mbalula started a national tour in order to study some investment opportunitie

Wednesday, February 7, 2018

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Ambassador of the the Republic of South Africa to Romania Jabu Ntsokolo Ishmael Mbalula started a national tour in order to study some investment opportunities. He stated on Tuesday, during the visit that he paid to Targu Mures, that there are trade relations between his country and Romania, but their net value is fairly low and because of that.He stated that there are some South-African investors who are already working in Romania, in various areas. He went on ...

IMM Council asks Government not to amend Fiscal Code prior to 2020

Wednesday, February 7, 2018

The National Council of Private Small and Medium Companies in Romania (CNIPMMR) requests the new government predictability, stability and transparency to reach targets of the business environment by not modifying the Fiscal Code until the end of its mandate in 2020 and by stimulating investments in business incubators, scientific/technological parks and industrial parks through the National Program for Entrepreneurship Development. CNIPMMR also asks ...

AP: Govt defends tax changes that led to wage cuts

Wednesday, February 7, 2018

Romania's labor minister is defending a tax and wage overhaul that has created uncertainty and led to pay cuts, AP correspondent reports. Labor Minister Lia Olguta Vasilescu said Tuesday the overhaul was designed in part to address anomalies that resulted in some public sector workers receiving disproportionately high pay. She says 3 percent of public workers have seen wage cuts since Jan. 1, with some salaries dropping by 40 ...

BNR: Statement of Commitment to Foreign Exchange Global Code

Wednesday, February 7, 2018

Romania's National Bank (BNR) on Tuesday issued a Statement of Commitment to the Foreign Exchange Global Code, specifying that all central banks in the European System of Central Banks (ESCB) are strongly committed to supporting and promoting adherence to the Foreign Exchange Global Code. "All central banks in the European System of Central Banks (ESCB) are strongly committed to supporting and promoting adherence to the Foreign Exchange Global Code (the ...

Central bank: Cryptocurrencies pose no threat to Romania's economic stability

Wednesday, February 7, 2018

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Romania's central bank said on Tuesday that cryptocurrencies are not threatening the country's financial stability but warned of the high risks associated with trading virtual coins, seenews.com informs. "The National Bank of Romania will continue to monitor the development of virtual currency schemes with a focus on the potential risks to the financial system, noting that at present, due to very small volumes, these schemes do not pose a threat to ...

Euro trades at 4.6423 lei on Tuesday

Wednesday, February 7, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.64231 US dollar USD 3.74331 Swiss franc CHF 4.00461 British pound GBP 5.2263100 Japanese yen JPY 3.4310 1 Moldovan leu MDL 0.22431 Russian rouble RUB 0.06551 new Turkish lira TRY 0.99051 Chinese renminbi CNY ...

Romania's blue-chip index BET dives 2.49% following slump on Wall Street

Wednesday, February 7, 2018

The blue-chip BET index of the Bucharest Stock Exchange [BSE:BVB] dropped by 2.49% in morning trade on Tuesday following a slump on Wall Street which sparked a global sell-off the day before, seenews.com informs. On Monday, the BET closed 1.76% lower. In the U.S., the Dow Jones Industrial Average index plunged 4.60% to close at 24,345 points on Monday on concerns of faster inflation and higher interest rates. Selling spread to ...

Statistics: Romania exports processed plastics worth 260.7 million euro, in first 10 months of 2017

Wednesday, February 7, 2018

Romania exported, in the first 10 months of 2017, processed plastics worth 260.7 million euro, a value by 13.7 percent higher as compared to the one recorded in the similar period of the previous year, according to data centralised by the National Institute of Statistics (INS). Imports of processed plastics stood at 904.4 million euro, higher by 9.1 compared to those recorded between January-October 2016, thus, resulting a deficit of 643.7 million euro on ...

Rule of law in Romania: MEPs to assess reform of the justice system

Tuesday, February 6, 2018

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According to the European Parliament agenda , the ongoing reform of the Romanian justice system and the threat it may pose to the rule of law will be debated with the Council and the Commission on Wednesday. The Romanian Parliament recently approved an overhaul of the judiciary, by amending three pieces of legislation dealing with the status of judges and prosecutors, the organisation of the judiciary and the organisation and functioning of the ...

PSD's Dragnea: The head of the European Commission Delegation in Bucharest had sent "lies" to European Commissioners

Tuesday, February 6, 2018

The Chamber of Deputies' Speaker and leader of the social-democratic party (PSD-ruling party) Liviu Dragnea said on Sunday evening that he had told President Klaus Iohannis in the discussion at Cotroceni that the head of the European Commission Delegation in Bucharest had sent "lies" to the European commissioners, and this cannot remain "untaxed"."I stayed after the oath taking ceremony, I believe for 10-12 minutes, (...) I showed the President the lies sent by ...

Romania and Hungary agree on natural gas delivery

Tuesday, February 6, 2018

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Romania will settle the technical conditions for the natural gas exports to Hungary by 2020, in compliance with the agreement signed on Monday in Bucharest by the Foreign Affairs Ministers of the two countries, Peter Szijjarto and Teodor Melescanu, the MTI Hungarian press agency informs.According to Peter Szijjarto, starting with 2020, great quantities of natural gas extracted from the Black Sea will be delivered to Hungary. Peter Szijjarto added that the ...

Defence Minister Mihai Fifor and his counterpart of the Republic of Moldova, Eugen Sturza, had a meeting în Chisinau

Tuesday, February 6, 2018

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Romanian-Moldovan bilateral military cooperation, regional security strengthening as well as the cooperation relations between the Republic of Moldova with the North-Atlantic Alliance and the European Union were among the topics tackled during the meeting in Chisinau, between National Defence Minister Mihai Fifor and his counterpart of the Republic of Moldova, Eugen Sturza."During the official talks, Minister Mihai Fifor stated that Romania will continue to uphold ...

Dragnea, invited at Senate's Defence Committee for talks on giving up SPP services

Tuesday, February 6, 2018

Chair of the Senate's Defence Committee Marcel Vela (National Liberal Party senator - ed.n.) announced on Monday that Social Democratic Party (PSD) leader Liviu Dragnea is invited to present within this forum the reasons why certain dignitaries renounced the services of the Protection and Guard Service (SPP)."In order to close a delicate and burning topic, given that until today the committee hasn't been institutionally notified in relation to these aspects, we ...

ICCJ contemplates potential appeal against statute of limitations in the Microsoft file

Tuesday, February 6, 2018

The Prosecutor’s Office upon the High Court of Cassation and Justice (ICCJ) has announced on Monday that it contemplates the possibility of appealing against the statute of limitations in the Microsoft case, in which seven former ministers have been cleared of all charges, romaniajournal.ro informs. “The Prosecutor’s Office upon ICCJ is conducting an jurisprudential analysis over the legal conditions of filing a referral in the ...

DNA closes down another file instrumented by prosecutor Mihaela Iorga, a case targeting Omar Hayssam

Tuesday, February 6, 2018

The file on the privatization of former Baneasa Semiconductor enterprise, where Omar Hayssam is also investigated, has been closed down., romaniajournal.ro informs The prosecutor who instrumented the case, Mihaela Iorga, the one who also managed the ...

Viorel Stefan: Law on Sovereign Fund to be adopted during the summer

Tuesday, February 6, 2018

The bill regarding the setting up of the Sovereign Development and Investment Fund could be adopted by the Parliament in May-June, according to Deputy PM Viorel Stefan, as he told on Monday to a press conference organized by the Bucharest Stock Exchange (BVB), in marking a decade since the listing of Transgaz on the main BVB market."The Sovereign Development and Investment Fund project is currently being debated by the Senate. Depending on how long it takes for it ...

Analysts: BNR  could increase the key interest again

Tuesday, February 6, 2018

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The National Bank of Romania (BNR) could increase the key interest  again, in the meeting on Wednesday  7 February from 2% to 2.25% per year, ‘as a compensation for the increase of inflation’ appreciated on Monday the analysts of UniCredit Bank. „ ‘Taking  in consideration the rate of interests in Romania and the fact that BNR  has to offer an adequate compensation for the increase of inflation and keeping in ...

Euro trades at 4.6347 lei on Monday

Tuesday, February 6, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.63471 US dollar USD 3.71701 Swiss franc CHF 3.99751 British pound GBP 5.2467100 Japanese yen JPY 3.3848 1 Moldovan leu MDL 0.22261 Russian rouble RUB 0.06571 new Turkish lira TRY 0.98711 Chinese renminbi CNY ...

BVB's Anghel: Gov't can request EU facility to cover 50% of companies' listing costs

Tuesday, February 6, 2018

The Government has the possibility to apply for a European Regional Development Fund (ERDF) facility from the European Union (EU) in order to cover 50% of the companies' listing costs, the Bucharest Stock Exchange (BVB) Chairman Lucian Anghel said on Monday."An idea would be the possibility for the Romanian companies to access a charge from the European Regional Development Fund, the" Support for SMEs" axis, which would encourage entrepreneurs to finance the ...

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