Loading page...

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



Minister of Labour : ratio between the lowest and the highest salary will be 1 to 12

Monday, April 10, 2017

The ratio between the lowest and the highest salary will be 1 to 12 following the enforcement of the Uniform Public Pay Law, Minister of Labour Olguta Vasilescu stated on Thursday at Sinaia, underscoring that unions have demanded a ratio of 1 to 13. "All the authorities and public institutions are included in this Uniform Pay Law, except the National Bank of Romania (BNR) and the Financial Supervisory Authority (ASF) [...] The ratio between the lowest and the ...


Monday, April 10, 2017

In February 2017, the average gross nominal earnings were 3108 lei, by 1.9% lower  than  the one  ...


Monday, April 10, 2017

The total monthly average income was, in nominal  terms, 3085 lei per household and  ...

Romanian Orthodox Church spends EUR 21 M for social, philanthropic assistance in 2016

Monday, April 10, 2017

The Romanian Orthodox Church spent 21 million euro in 2016 for social assistance and philanthropy, according to basilica.ro. "The Romanian Orthodox Church is constantly working for the good of fellow human beings. Throughout the eparchies of the Romanian Patriarchy social-charitable and medical activities are being carried out in 718 institutions and social services. Currently, there are 617 ongoing projects and social programmes. Only in the last five ...

Pedro Agramunt (PACE): Democracy is not the absolute rule of the majority

Friday, April 7, 2017

President of the Parliamentary Assembly of the Council of Europe (PACE) Pedro Agramunt said on Thursday that in a democracy the majority must respect the rule of law, pointing also out that the opposition's systematic recourse to parliamentary boycott could deteriorate the political climate. "In any democracy, the majority is still bound to the rule ...

Iohannis: In solid, democratic society, political majority and opposition must act in public interest

Friday, April 7, 2017


President Klaus Iohannis declared on Thursday that in a solid democratic society, the political majority and the opposition must act in the public interest, highlighting that this commitment must always come before any other political confrontations' stakes. In the speech delivered at the International Conference "The interaction between the political ...

CoE Deputy Secretary General Battaini-Dragoni affirms support for political dialogue in Romania

Friday, April 7, 2017

Deputy Secretary General of the Council of Europe Gabriella Battaini-Dragoni said on Thursday that the institution she represents strongly supports political dialogue in Romania, adding that the way the majority generally interacts with the opposition is fundamental to the overall health of democracies, to their credibility and stability. "The way in which ...

Secretary of State George Ciamba highlights in Eurasian Economic Summit strategic importance of Black Sea region

Friday, April 7, 2017

Secretary of State for Bilateral and Strategic Affairs in the Euro-Atlantic Space George Ciamba participated in the 20th Eurasian Economic Summit, organised by the Marmara Group Strategic and Social Research Foundation, an event carried over 4-6 April 2017, in Istanbul, a context in which he highlighted the special strategic and geopolitical importance of the Black Sea region in the equation of ensuring European and Euro-Atlantic security. According to ...

General John W. Nicholson, commander of NATO Resolute Support Mission in Afghanistan, starts an official visit to Romania

Friday, April 7, 2017


Minister of National Defence Gabriel Les and Chief of General Staff, Nicolae Ciuca met on Thursday at the Ministry of Defence with General John W. Nicholson, commander of NATO Resolute Support Mission in Afghanistan (RSM) on an official visit to Romania, the Minister reiterating Romanian authorities' commitment towards NATO effort to stabilize the area. According to a press release of the National Defence Ministry (MApN), discussions between Minister Les and ...

Gerhard Reiweger, Austria's Ambassador, had a meeting at the Justice ministry's headquarters

Friday, April 7, 2017

 Justice Minister Tudorel Toader met on Wednesday Austria's Ambassador to Romania Gerhard Reiweger, in which context they discussed, among others, the technical measures carried out on the Justice Ministry (MJ) level to attain the objectives assumed under the Cooperation and Verification Mechanism (CVM). According to a MJ release sent on Wednesday, Justice Minister Tudorel Toader and Secretary of State Marieta Safta had a meeting at the ministry's ...

Euro trades at 4.5262 lei on Thursday

Friday, April 7, 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 ...

BNR: individuals registered at the Credit Bureau with debt fell by 5,103 to 643,770 in February

Friday, April 7, 2017

The number of individuals registered at the Credit Bureau with debt overdue for more than 30 days from banks and financial institutions fell by 5,103 to 643,770 in February, as compared to the level in January, show data from the National Bank of Romania. Regarding the amount of debts, it rose in February to 8.03 billion lei, down 0.69 pct as compared to the previous month, of which over 3 billion lei were in domestic currency, equivalent to 3.34 billion lei ...

IPP: establishment of public procurement central units could annually generate savings of over 1.8 billion euro to the state budget

Friday, April 7, 2017

The establishment of some public procurement central units could annually generate savings of over 1.8 billion euro to the state budget, which represents 10 pct of all public procurement conducted each year in Romania, is the conclusion of a diagnosis-study on resources' waste in the absence of national coordination, presented by experts of the Institute for Public Policy (IPP) during a roundtable organized on Thursday together with the Dutch Embassy. "We are ...

Rare professions best paid in Romania: air traffic controller, clinical study monitor and sommelier

Friday, April 7, 2017


Rare professions such as air traffic controller, clinical stud monitor or sommelier are paid with 30,000 lei, 6,000 lei and 4,500 lei per month, according to an analysis published on Thursday by Smartree, one of the leaders in the market externalizing human resource processes in Romania. Some rare professions do not need college studies: air traffic controller, argon welder, crane operator, utility climber, or ...

US, Israel show investment interest in recovery of Romania's irrigation system

Friday, April 7, 2017


The US and Israel are interested in investing in the recovery of the irrigation system of Romania, Romania's Ministry of Agriculture and Rural Development reported on Thursday in a press statement. On Wednesday, a delegation made up of officials from the US Embassy in Bucharest and the Israeli Embassy took part in a working meeting at the headquarters of the ...

Eurostat: lowest hourly labour costs, in Bulgaria and Romania

Friday, April 7, 2017


Hourly labour costs ranged from 4.4 euros to 42.0 euros across the EU member states in 2016, having been the lowest in Bulgaria and Romania - 4.4 euros and 5.5 euros, respectively - and the highest in Denmark and Belgium - 42.0 euros and 39.2 euros, respectively - according to date released on Thursday by the Eurostat statistics office of the EU. Developments in hourly labour costs in Romania has been inconsistent, from 1.9 euros in 2014, to 4.2 euros in 2008 ...

Statistics: 2016 footwear exports, down 0.4 percent y-o-y

Friday, April 7, 2017

Romania's 2016 footwear exports stood at 1.307 billion euros, down 0.4 percent y-o-y, according to data with the National Statistics Institute (INS). Romania's footwear imports totalled 754.7 million euros, up 15 percent from the same period of the year before, which gave a 552.5-million-euro surplus. Romania's 2016 FOB exports totalled 57.386 billion euros, up 5.1 percent from the year before, while CIF imports stood at 67.344 billion euros, ...

Romania wins European protection for Novacul afumat of Tara Barsei smoked bighead carp fillet

Friday, April 7, 2017


Romania has managed to register its "Novac afumat din Tara Barsei" smoked bighead carp fillet from Barsa province as a Protected Geographical Indication (PGI) product in the European Union, its fourth, according to Romania's Ministry of Agriculture and Rural Development. "A decision to register the product Novac afumat din Tara Barsei with the Registry of Geographical Indications and Designations of Origin was published in the Official Journal toddy, ...

Venice Commission international conference in Bucharest: “Interaction between political majority and opposition in a democracy”

Thursday, April 6, 2017

What are the main responsibilities and rights of the majority and of the opposition?  What are the main obstacles to a positive and meaningful interaction majority - opposition? The European Commission for Democracy through Law ...

Iohannis met at the Cotroceni Presidential Palace, the president of the Bundestag, Norbert Lammert

Thursday, April 6, 2017


President Klaus Iohannis welcomed on Wednesday at the Cotroceni Presidential Palace, the president of the Bundestag, Norbert Lammert, context in which the former stressed that Romania is a deeply pro-European state, which supports an ambitious project for relaunching the EU. According to a press release of the Presidential Administration, the two high officials tackled the main issues on the cooperation agenda between Romania and Germany, but also ...

Premium News


Thursday, April 27, 2017

Financial & Banking

Monday, April 24, 2017


Tuesday, April 25, 2017


Wednesday, April 26, 2017

Energy & Environment

Thursday, April 27, 2017