Loading page...

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

Subscribe|Login

Daily

PM Tudose: The Government hasn't drawn up opinion on Royal House; it will probably be public utility, as Foundation

Friday, December 22, 2017

Prime Minister Mihai Tudose on Thursday said that a Government point of view on the draft law concerning the legal status of the Royal House hasn't reached the Executive's agenda, adding that an alternative would be that of public utility status granted to the Royal House, as a Foundation, but he added that in respect to Elisabeta Palace the state should be able to use it."I voiced an opinion in a personal capacity. There isn't a point of view of the Government ...

Diplomatic sources: Romania will abstain from voting at UN General Assembly about Jerusalem

Friday, December 22, 2017

171222082809UNGA.jpg

Romania is one of the countries which will abstain from voting during the extraordinary session of the UN General Assembly about the decision made by US President, Donald Trump, to recognize Jerusalem as the rightful capital city of Israel, diplomatic sources say. The UN General Assembly, which has 193 members, organizes on Thursday a special session upon the request of Arab and Muslim states, on president Donald Trump’s decision to recognize ...

Parliament: State budget and social security bills for 2018 adopted by articles

Friday, December 22, 2017

The state budget and social security bills for 2018 were adopted on Thursday, by articles, in the plenary sitting of Parliament, with the final vote to be cast on Friday 12:00 EET.The MPs approved the budgets for all large employers, among which the Ministry of Economy, the Ministry of Energy, Ministry of Waters and Forests, the Ministry of Research and Innovation, the Ministry for Romanians Abroad, the Ministry of Tourism, the Ministry of Public Consultations and ...

BNR will issue, as of January 1st, banknotes and coins with the new country emblem

Friday, December 22, 2017

171222082828stema_colaj.jpg

BNR will issue, as of January 1st, 2018, banknotes and coins with the new country emblem. Banknotes with the new emblem will have inscribed the date of January 1st, 2018. All the other graphic elements of banknotes and coins with the new emblem, their characteristics and safety elements of the banknotes will be the same as those of banknotes and coins in circulation. The banknotes and coins with the new emblem will be launched ...

CURS: Only 47% of the Romanians believe EU is heading the right direction; negative perception of MEPs activity

Friday, December 22, 2017

171222082927sondaj_sebes.jpg

Almost half of the Romanians believe that the European Union is heading the right direction, as they place much or very much trust in this institution, while even more of them perceive the activity of the MEPs in negative terms, shows a poll of the Centre for Urban and Regional Sociology (CURS).As many as 47% of the respondents said the EU is heading the right direction, in their opinion, claims the poll's results sent on Thursday.Moreover, 35% of the ...

Fondul Proprietatea: The Darkest Day in the History of Corporate Governance in Romania

Friday, December 22, 2017

* The Parliamentary majority decided to replace professional management in state-owned companies with political appointments According to the statement sent to ACTMedia, Fondul Proprietatea is appalled by the adoption by the Chamber of Deputies yesterday of amendments to OUG 109/2011 on corporate governance, which for all intents and purposes exempt over 100 major state-owned companies (SOEs) from the application of this law, thus rendering ...

Dampness, lack of light or bath/shower inside house harm 2 out of 5 persons in Romania

Friday, December 22, 2017

Housing issues, such as dampness, wrecked windows or the lack of light were harming nearly two out of five persons in Romania in 2016, a publication issued by the National Institute of Statistics (INS) informs, at Agerpres request."In 2016, the housing matters affect almost two persons out of five (38.7pct). As compared to 2013, a decrease by 4.9pct was found, and yet the situation could not be deemed as good. The reality is even worse if we consider that most of ...

Analyst: Romania ranks second after Mexico for Christmas expenses în 2017

Friday, December 22, 2017

171222083033images__2_.jpeg

Romania ranks second this year in a top of expenses made for winter celebrations after Mexico, out of 20 countries analysed, according to the percentage allocated per household - about 280 euros, says Constantin Magdalina, expert for Emerging Tendencies and Technologies. According to the opinion poll made b Ferratum Group, only 25% of Romanians who participated say they prefer online shopping, the difference being represented by those who go shopping ...

President Iohannis: EU could activate article 7 against Romania

Thursday, December 21, 2017

Romania's president says the European Union, after triggering proceedings against Poland for its justice system overhaul, may do so against Romania as well due to its own legal system changes that have sparked widespread protests. President Klaus Iohannis says Wednesday there is "an obvious risk" that the EU could activate article 7 against Romania," if current proposals become law.” Iohannis added, “If anyone ...

President Iohannis: It is very important we enter Eurozone

Thursday, December 21, 2017

President Klaus Iohannis on Wednesday stated that it is very important for Romania to access the Eurozone, although he did not sense a desire of the governments in this respect.Moreover, during an informal meeting with the journalists, he claimed that Romania's accession to the Schengen zone is not necessarily imminent. President Iohannis also stated that "Romania can lose contact with the rest of the squad, if we do not run a ...

Bill amending Law on judicial organisation, adopted by Senate

Thursday, December 21, 2017

The Senate adopted in Wednesday's plenary sitting, as decision-making Chamber, the bill to amend Law 304/2004 on judicial organisation.As many as 80 votes "in favour", 28 "against" and 1 abstention were recorded.None of the amendments rejected in the special Committee were adopted in the plenary ...

PNL to challenge with CCR legislative modifications referring to ANI and magistrates' statute

Thursday, December 21, 2017

171221102409logopnl2_1503475919.jpg

 National Liberal Party (PNL) MPs announced on Wednesday that they will notify the Constitutional Court in respect to the two laws that Parliament has recently adopted, the one modifying the functioning the National Integrity Agency (ANI), as well as the law 303/2004 referring to the magistrates' statute."PNL has completed the challenges with the CCR on the law modifying the functioning of the National Integrity Agency by invalidating all decisions confirmed ...

Chamber of Deputies: MPs, mayors, prefects, gov't members can be individual traders

Thursday, December 21, 2017

The decision-making for this piece of legislation Chamber of Deputies passed on Wednesday 180 vs 86 and 5 abstentions that the members of the Parliament, mayors, deputy mayors, prefects (county councils' heads on behalf of gov't, ed. n.) and members of the gov't could be individual traders. The opposition's Save Romania Union (USR) Deputy Stelian Ion said that this bill is totally wrong."No day without surprising us with an initiative as such, as ...

FIC: Romanian political agenda could weaken rule of law

Thursday, December 21, 2017

171221102928fic_logo.jpg

Romania's political agenda could lead to a weakening of the rule of law and undermine the regulatory framework necessary for a modern economy, the Foreign Investors Council (FIC) said on Wednesday, seenews.com reports. There is a significant increase in distrust in public institutions, both from the business environment and citizens, due to the numerous legislative changes that affect the economy and the rule of law in Romania, FIC said in a press ...

Gov't wants to borrow 1 billion euros from EIB to co-finance priority projects in transport field

Thursday, December 21, 2017

The Government on Wednesday adopted a draft law approving the framework financing agreement between Romania and the European Investment Bank (EIB), worth 1 billion euros, the money going to be used in covering the state budget contribution as co-financing in priority projects in the transport field, part of the Large Infrastructure Operational Programme (LIOP) 2014-2010.The contract with the bank was signed on July 18 2017, in Luxembourg, by the Ministry of Public ...

Simplifications and clarifications of public procurement laws approved by the Government

Thursday, December 21, 2017

The Government on Wednesday approved the modification and completion of the public procurement laws, in order to simplify, clarify and correlate some of the provisions, as well as to reduce the duration in awarding public contracts. The provisions that made the object of an emergency ordinance refer to the correlation, including in the sense of the European legislation, and the clarification of such provisions in the three laws - Law no. 98/2016 on public ...

THE GROSS DOMESTIC PRODUCTS IN 2016 WAS BY 4.8% HIGHER, AS COMPARED TO 2015

Thursday, December 21, 2017

171221103025gdp_upjpg_20131114114206991.jpg

The National Institute of Statistics (INS) has revised upwards the economic growth for 2016, to 4.8 pct, by 0.1 pct above the provisional version, reads a press release of the institution sent on Wednesday.The estimated gross domestic product for 2016, based on semi-final data, was of over 762.341 billion current prices. "In 2016, more significant changes in the contribution to GDP growth, between the two estimates, were recorded as follows: the ...

Euro trades at 4.6276 lei on Wednesday

Thursday, December 21, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Wednesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.62761 US dollar USD 3.90661 Swiss franc CHF 3.95941 British pound GBP 5.2351100 Japanese yen JPY 3.45251 Moldovan leu MDL 0.22881 Russian rouble RUB 0.06661 new Turkish lira TRY 1.01971 Chinese renminbi CNY ...

Industrial barometer: November against October – slowing down growth, big costs and signs of export relaunching

Thursday, December 21, 2017

In November, the industry faced a combination of factors which announce an uncertain evolution. The growth stopped.There are worries connected to the production. The pricesof brand products  seem to drop instead of going up. On the other hand, exporters report a growth of the export orders. Every month, IRSOP and SNSPA inquire a sample of managers if   in their company the production, orders, stocks, recruitment and other parametres ...

IT staff to receive state aid to cover costs resulted from employer-to-employee social contributions' pay switch

Thursday, December 21, 2017

171221103137it_resources_staff.jpg

Authorities are working on an emergency ordinance regarding a state aid to be granted to the IT staff so as to fully cover the costs resulted from the switch of social contributions' pay from employer to employee, as of 1 January 2018.The said OUG is to be tackled next week in the gov't sitting, according to Public Finance Minister Ionut Misa."The ordinance will address the companies that hire IT staff and have to pay some 8.5pct additional costs. We ...

Premium News

Daily

Wednesday, January 17, 2018

Financial & Banking

Monday, January 15, 2018

Economic

Tuesday, January 16, 2018

Companies

Wednesday, January 17, 2018

Energy & Environment

Thursday, January 11, 2018