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Republic of Moldova: Constitutional Court suspends some of president Igor Dodon’s prerogatives

Wednesday, January 3, 2018

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The Constitutional Court of Republic of Moldova decided on Tuesday, following the examination of a complaint made by a group of Democratic Party deputies, to suspend some of president Igor Dodon’s attributions on appointing ministers, Unimedia website informs. The Court said “the president is not able to carry out his mandate because of his deliberate refusal to exert his constitutional obligation.” The ...

Romania, Slovakia, and the Czech Republic consider moving their embassies to Jerusalem

Wednesday, January 3, 2018

The President of the ruling Social Democratic Party of Romania, Liviu Dragnea, is proposing the move of the country’s embassy from Tel Aviv to Jerusalem, neweurope.eu reads. The Speaker of the Parliament apparently did not consult the foreign ministry in making a statement to this effect on Wednesday. Despite the expression of dismay from Romania’s Deputy Foreign Minister Amal ...

European Commission refunds Romania over EUR 454 M

Wednesday, January 3, 2018

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The European Commission on last Thursday transferred to Romania EUR 454.061 million, representing reimbursement of funds requested through intermediate payment applications sent by the Management Authorities under the coordination of the Regional Development, Public Administration and European Funds Ministry (MDRAPFE), says a release by the said ministry.The sums' refunded were for the Large Infrastructure Operational Programme (POIM) with the Cohesion Fund - EUR ...

PM Tudose: I eliminate from the very start the idea of a possible loan with IMF

Wednesday, January 3, 2018

Prime Minister Mihai Tudose said he eliminates from the very start the idea of "any type of contact" with the International Monetary Fund (IMF) related to a possible loan."I eliminate from the start the idea of any type of contact with the IMF in respect to this (the possibility for Romanian to contract a loan -editor's note), said Tudose, in an interview with Antena 3 private television channel.He claimed that the economic prognosis of the IMF is ...

BNR puts into circulation, as of 1 January, banknotes and coins with Romania's new coat of arms

Wednesday, January 3, 2018

 Romania's National Bank (BNR) will issue, as of 1 January 2018, banknotes and coins with the country's new coat of arms. The banknotes with the new coat of arms will have on the obverse the date of "1 January 2018."All the other graphic elements of the banknotes and coins with the new coat of arms, their features as well as their safety elements of the new banknotes will be the same as those of the banknotes and coins currently in ...

Reuters: FinMin plans to sell 4.94 bln lei of leu debt in January

Wednesday, January 3, 2018

Romanian debt managers aim to sell treasury bills and bonds worth 4.94 billion lei ($1.26 billion) in January, including 540 million lei at non-competitive rounds of auctions, after low market liquidity led to several failed tenders in recent months, Reuters correspondent reports. The finance ministry sold 1.35 billion lei of debt in December. It said in a statement on Wednesday it has scheduled eight tenders for paper with residual maturities ranging ...

Consolidated budget deficit goes up 1.21 pct of GDP in 11 months, almost double y-o-y

Wednesday, January 3, 2018

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The general consolidated budget deficit went up 10.2 billion lei (1.21 pct of the Gross Domestic Product) after the first 11 months of this year, from 6.6 billion lei (0.79 pct) of the GDP) in the first 10 months, according to data released on Wednesday by the Public Finance Ministry.As compared to the first 11 months of 2016, the general consolidated budget deficit almost doubled, from 5.5 billion lei (0.72 pct of hte GDP), January through November 2016 to 10.2 ...

Romanian leu ends 2017 at fresh all-time low

Wednesday, January 3, 2018

The Romanian leu weakened to an all-time low against the euro on Friday amid unrest caused by protests against government plans to introduce controversial changes to the judicial system, seenews.com reports. The central bank, BNR, set its reference exchange rate at 4.6597 lei per euro on Friday, 0.19% weaker than 4.6507 lei per euro on Thursday. On Friday morning, the leu changed hands between 4.6529 and 4.6628 per euro, ...

Romania returned 1.26 billion euros to EU and WB in 2017

Wednesday, January 3, 2018

Romania paid 1.263 billion euro in 2017 to the European Union and World Bank as part of the stand-by loan contracted in 2009, with the amount representing capital ratios, interest rates and fees, according to data reported by the Ministry of Public Finance (MFP).Most part of the money is already paid back to the European Union, 1.254 billions euro respectively. Romania still needs to pay more than 3.5 billions euro to the World Bank and EU by 2023. The largest ...

CFA Romania's macroeconomic confidence index slightly rises in Nov 2017

Wednesday, January 3, 2018

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CFA Romania, an association of investment professionals, said that the state of the country's economy is expected to marginally improve in the next 12 months, seenews.com informs. CFA Romania's macroeconomic confidence indicator rose by 0.7 points month-on-month to 44.1 points in November following five consecutive months of decline, CFA said in a monthly survey on Tuesday. The low score is mainly the result of a slight ...

CNP: Labour productivity up 6.1 pct January through September

Wednesday, January 3, 2018

Labour productivity in industry grew 6.1 per cent January through September this year, compared with the same period of 2016, shows the National Prognosis Commission (CNP)."In the 3rd quarter of 2017, in line with the development recorded in industrial production and the number of employees in the industry, labour productivity grew by 5.2 per cent compared with the same period of last year, but dropped 2.3 per cent compared with the 2nd quarter of 2017. In the ...

7,000 foreign workers can be admitted in the Romanian labour market in 2018

Wednesday, January 3, 2018

The government decided by decision, last Thursday, that 7,000 foreign workers will be admitted to the labour market in Romania in 2018, based on hiring approvals. According to a press release,  the document approved by the Executive stipulates that the contingent of newly admitted workers will be supplemented by 1,500 jobs. The number of permanent workers will grow from 3,000 to 4,000  and that of detached workers from 700 to 1,200. The ...

UNITED NATIONS DECLARES 20 MAY WORLD BEE DAY - initiative of the Slovenian Beekeepers' Association

Wednesday, January 3, 2018

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Last 20 December, the United Nations General Assembly adopted by consensus a resolution declaring 20 May as World Bee Day, a statement sent to ACTMedia by the Slovenian Embassy în Bucharest informs. Every year on this day, the attention of the global public will be drawn to the importance of preserving bees and other pollinators. People will be reminded of the importance of bees for the entire humanity and invited to take concrete action to preserve and ...

Merry Xmas and Prosperous New Year

Friday, December 22, 2017

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The next issue in the Daily Bulletin will be on Wednesday, January 3, ...

President Iohannis: Romanians' chant 'Down with communism!' in 1989, is heard again today

Friday, December 22, 2017

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President Klaus Iohannis sent on Thursday a message, 28 years after the Revolution, showing that in 1989 Romanians demanded "Down with communism!" and this chant can be heard at present, a sign for politicians who these days "will not part with the past's mores.""In 1989 Romanians took to the streets demanding 'Down with communism!' Today this outcry can be heard again. It is the committed signal given to those politicians who, these days, will not part with the ...

Embassies of seven European countries in Romania: We call on all parties involved to avoid harming independence of justice

Friday, December 22, 2017

The embassies of Belgium, Denmark, Finland, France, Germany, the Netherlands and Sweden to Romania call on "all parties involved" in the justice reform process "to avoid any action that could lead to a weakening of the independence of the judiciary system in Romania and fight against corruption," reads a joint letter of the diplomatic missions to Romania sent on Thursday."As representatives of Romania's partner countries in the European Union, we wish to reaffirm ...

The stability and the credibility of Romania are at stake,  Joseph Daul says

Friday, December 22, 2017

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Following the vote to overhaul the judiciary in Romania, Joseph Daul, President of the European People’s Party (EPP), made the following statement: “Today is a sad day for Romania and for all the Romanian citizens who demonstrated in the streets to defend the independence of justice. The separation of powers is a pillar of democracy. The justice system shall never be put under political control in an EU Member State. ...

President Iohannis : the independence of justice is in danger in Romania

Friday, December 22, 2017

* Romania risks following Poland down ‘nuclear’ option path Romania could face penalties from the European Union similar to the procedure launched against Poland this week if it presses ahead with the changes to its judiciary system, the country’s president has warned, ...

Financial Times places Romania among countries accused of undermining democratic principles

Friday, December 22, 2017

British publication The Financial Times writes that the EU governments who are critical of Poland are not just in those in Western Europe, according to Hotnews quoted by http://www.business-review.eu. Although “not all ex-communist countries in Central and Eastern Europe are the black sheep of the EU”, FT continues, “those countries that are accused of undermining democratic principles or of lack of action against corruption and ...

Romania MPs Pass Controversial Justice Bill Despite Warnings

Friday, December 22, 2017

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Romania’s parliament on Thursday adopted a controversial justice bill, despite warnings from civil society, opposition and foreign diplomats that it threatens to subvert the rule of law, balkaninsight.com reads. Romania’s Social Democrat-dominated parliament on Thursday passed a ...

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