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EY Romania report: Ten biggest transactions held in Romania in 2016 amounted to 2.7 billion dollars

Wednesday, May 10, 2017

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The purchase of SAB Miller stock for 700 million dollars, was the biggest transaction held in Romania last year, according to EY Romania. It was followed by KMG International of 680 million dollars and by Profi store chain (564 million dollars). These first three transactions had a cumulated value of 1.94 billion dollars, 55% of the total value. According to EY Romania specialists, the financial sector might make the first significant transactions with ...

Average net nominal wage up by 4.7 pct in March, to 2,342 lei

Wednesday, May 10, 2017

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The average net nominal wage was 2,342 lei (rd EUR 520) in March this year, on the increase as compared to the previous month by 106 lei (+4.7 pct), according to data released on Tuesday by the National Institute of Statistics (INS). The average gross nominal salary was 3,256 lei (rd EUR 723), by 4.8 pct higher than in February 2017. The highest levels of the ...

President Iohannis: the only country opposing Romania's entering the Schengen Area is Romania itself

Tuesday, May 9, 2017

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Romania's President Klaus Iohannis on Monday said that the only country opposing Romania's entering the Schengen Area is Romania itself because of "unfortunate" lawmaking entailing emergency ordinances and generally speaking "because of an unfortunate way in which Romanians show they do not know exactly what they ...

The Senate refused to pass the pardon bill that would have excluded the offence of corruption from its provisions

Tuesday, May 9, 2017

The Senate on Monday refused to pass a controversial pardoning bill which no longer contains the most contentious amendments - on pardoning corruption-related offences. Senators voted to send the bill back to the legal commission to re-discuss it within the next week. The Social Democrat-dominated government has faced major public protests as well as international criticism over moves to get convicted criminals out of jail ...

USR filed a constitutionality objection with the Constitutional Court over the law on conflict of interest

Tuesday, May 9, 2017

 The MPs of the Save Romania Union (USR) have filed a constitutionality objection with the Constitutional Court over the law on conflict of interest, USR national dear Nicusor Dan said Monday. "It ...

PM Grindeanu will pay a visit to Vienna on Tuesday

Tuesday, May 9, 2017

Romania's Prime Minister Sorin Grindeanu will pay a visit to Vienna on Tuesday, where he will have a meeting with Austria's Chancellor Christian Kern, and participate in a Romanian-Austrian business ...

Iraqi Parliament Speaker Saleem Abdullah al-Jubouri on an official visit to Romania

Tuesday, May 9, 2017

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Prime Minister Sorin Grindeanu welcomed at the Victoria Governmental Palace on Monday Iraqi Parliament Speaker Saleem Abdullah al-Jubouri, who is paying a visit to Romania, a Government press release reads. According to the source, the discussion agenda focused on the possibilities of diversifying the Romanian-Iraqi cooperation and, in perspective, Romania's participation in Iraq's economic ...

European commissioner Corina Cretu: Romania has the lowest percentage of absorption on transport

Tuesday, May 9, 2017

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The European commissioner for regional policy, Corin Cretu, has stated on Monday în Bucharest that Romania would lose EUR 1 billion on transport for the period 2007-2013, a sum that could be used to build about 100-200 km of highway. “Unfortunately, the transport field has been our weakness in the past 10 years. Romania has the lowest percentage of absorption on transport. We received only 77 per cent of the invoices for the sum allotted ...

Euro trades at 4.5467 lei on Monday

Tuesday, May 9, 2017

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

Nuclearelectrica leads blue-chip gainers on Bucharest bourse, stock indices rise

Tuesday, May 9, 2017

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, led the gainers among the blue-chips on the Bucharest Stock Exchange (BVB) on Monday, bourse data showed quoted by seenews.com. The total equity turnover of the BVB fell to 12.47 million lei ($3 million/ 2.7 million euro) from 46.3 million lei on Friday. Nuclearelectrica was the top blue-chip gainer, climbing 3.32% to 6.84 lei in ...

Study: although the rate of poverty is high in Romania much food is  thrown to the garbage bin

Tuesday, May 9, 2017

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The rate of poverty  ranks Romania on the first place in the EU for this chapter, according to the most recent data published by Eurostat. Although it may seem paradoxical, obesity grows, and food is thrown at the garbage bin. The data of the ministry of agriculture show that the Romanians throw 10% of the food they buy, a large part being made of bakery products. The larger the family, the more food is thrown away, while approximately one child ...

Etnorama (ethnicities festival) to take place between 12-14 May in Herastrau Park

Tuesday, May 9, 2017

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A fair and exhibitions with objects and crafts of ethnicities residing in Romania, creative workshops for children, shows and concerts will be held within the third edition of Ethnicities Festival (Etnorama), that is to take place between 12-14 May in Herastrau Park. "For the third year in a row, the festival gathers some of the most beloved bands in the ...

AP: Romanian Kitsch Museum opens in Bucharest

Tuesday, May 9, 2017

A museum showcasing Romanian kitsch items, ranging from a life-size Dracula to communist-era glass fish, opened in the country's capital on Friday, AP correspondent reports. The 215 exhibits also include a flat-screen television with flickering flames imitating an open fireplace, a cushion that looks like a one-euro coin, neon-lit Christian crosses, and a reclining naked man whose body is covered with 50 lei notes (each worth about ...

President Iohannis and PM Grindeanu congratulated the President elect of France, Emmanuel Macron

Monday, May 8, 2017

President Klaus Iohannis on Sunday night has congratulated the President elect of France, Emmanuel Macron. "Congratulations, Emmanuel Macron for the important victory for France ...

Europe Day, celebrated în Cisgmigiu Park: the 4th edition of the EU Member States Market

Monday, May 8, 2017

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The fourth edition of the EU Member States Market debuted on Sunday in Bucharest's Cimigiu Park, to a numerous attendance; the event offers a host of surprises for all age groups: artistic, recreational, educational, informative activities, creative workshops, as well as a corner dedicated to traditional international ...

Conclusions of of the Good Governance Summit : Romania still has lessons of good governance to learn

Monday, May 8, 2017

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Romania still has certain lessons of good governance to learn - is the conclusion of Ioan Mircea Pascu and Corneliu Visoianu - leaders of Strategikon think tank, at the end of the Good Governance Summit organised these days in Bucharest, the first of this kind in Romania. The Strategikon Vice President Corneliu Visoianu said that practically one could talk ...

Kurt Volker, former U.S. representative with the NATO and former CIA Director David Petraeus particiated at the Good Governance Summit

Monday, May 8, 2017

Kurt Volker, former U.S. representative with the NATO, present on Friday in Bucharest, declared that a strong, healthy, democratic and thriving Romania represents a better ally and contributor in the North-Atlantic Alliance. Volker's explanations followed the Chief of Staff, General Nicolae Ciuca's question in relation to the recommendations that would be needed in order to strengthen Romania's role in ensuring security in the ...

Former Pakistani PM Shaukat Aziz: the Govt's role is to draw up policies, strategies that allows economic growth

Monday, May 8, 2017

Former Pakistani Prime Minister Shaukat Aziz, on Friday, in Bucharest, underscored that it's not the Govt's role to get involved in businesses, but to draw up policies, strategies and contribute to the set up of an environment that allows economic growth. "It's not the Govt's role to get involved in business. Don't get me wrong, people in the public sector are very smart [...] but the Govt's role is to establish policies, to be a regulator and say 'no.' In ...

300 people protested against the pardon draft law to be voted in the Senate on Monday

Monday, May 8, 2017

About 300 people protested in Victoriei Square on Sunday against the pardon draft law to be voted in the Senate on Monday. The protestors carried banners that read "The rule of law is not for bargain," "You are playing with fire" "#We see you", "Romania demands no pardon" "PSD is not an honest merchant" and chanted "Romania, wake up!", "PSD, the Red Plague", "May it rain, may it snow, united we shall prevail". Around 20:00 hrs, the ...

Romania and US to cooperate to ensure the exchange of information or the prevention, detection and investigation of serious crimes and terrorist offenses

Monday, May 8, 2017

The Government of Romania and the one of the United States will cooperate, through national contact points, to ensure the exchange of information between the authorities responsible for the prevention, detection and investigation of serious crimes and terrorist offenses, reads a draft law approved by the Executive. The Government adopted on Friday's sitting the draft law on the ratification of the Agreement between the Government of Romania and the Government ...

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