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Iohannis: European funds must become essential pillar of our development

Thursday, July 2, 2020

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 President Klaus Iohannis stressed on Wednesday that European funds must become an "essential pillar" of the country's development, and Romania is no longer allowed to miss any financing and development opportunities."Any ambitious investment plan requires financing to match it. For this reason, European funds must become an essential pillar of our development. Romania is no longer allowed to miss any opportunity for financing and development, nor to pursue ...

Orban: Romania may receive compensation for expenses of 650 million euros from EU for anti-Covid measures adopted

Thursday, July 2, 2020

Premier Ludovic Orban announced on Tuesday that Romania may receive from EU compensation for expenses of 350 million euros for measures adopted in the fight against Covid 19, and 300 million euros for economic decisions made during the emergency and alert states, such as technical unemployment and support compensation. “By increasing the flexibility of funds, we were given the possibility to receive compensation  of 350 million euros for ...

FinMin Citu: Expenses made during coronavirus crisis are 3.1 billion lei in 5 months

Thursday, July 2, 2020

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Expenses made during the coronavirus crisis are 3.1 billion lei in five months, and the pandemic impact, by mid year is about 10 billion lei, said finance minister Florin Citu . He mentioned that when budget rectification was made, budget deficit was doubled from 3.7% to 6.7% of GDP, the additional 3% coming from the additional expenses of 10 billion lei from Covid 19 and 20 billion lei lower incomes to the state budget. The ...

Government adopts emergency ordinance simplifying public procurement procedures

Thursday, July 2, 2020

The Government on Wednesday adopted an emergency ordinance simplifying the public procurement procedures. "Another normative act draft, this time in the public procurement area, aimed at simplifying the procedures for conducting public procurements, particularly in the European funds area, meant to modify the legal framework on public procurement conduct. It is an emergency ordinance that was challenged with the Constitutional Court, because it imposed sanctions on judges in ...

Statistics: Social protection expenditure at 15 pct of GDP in 2018

Thursday, July 2, 2020

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In 2018: the receipts of social protection amounted to 144982 million lei, 11.1% more compared to the previous year. The share in the Gross Domestic Product (GDP – semi-final data) was 15.2%, same percentage as in previous year; the expenditures with the social protection (the administrative costs of the social protection schemes included) amounted to 142906 million lei, i.e. ...

"Avram Iancu" International Airport in Cluj-Napoca resumes tourist charter flights to foreign, Romanian destinations

Thursday, July 2, 2020

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"Avram Iancu" International Airport in Cluj-Napoca announces that it is resuming charter flights to several holiday destinations in Greece, Egypt, Tunisia, Turkey, but also in Romania."As of today, July 1, 2020, the tourist charter flights are resumed from Avram Iancu Cluj International Airport, to 9 holiday destinations from 5 countries: Greece, Egypt, Tunisia, Turkey and Romania. The first tourist flight of the 2020 summer season was operated this morning by ...

Electricity household prices, cut by 1.89pct from July 1

Thursday, July 2, 2020

Regulated electricity prices decreased by an average of 1.89% between July 1 and December 31, 2020, and the market will be fully liberalised from January 1, 2021, according to a press statement released by the National Energy Regulation Authority of (ANRE) on Monday.The decision was made at a meeting of the ANRE Regulatory Committee on Monday, June 29, 2020, when orders for the approval of regulated electricity prices for household customers between July 1, ...

Energy Security Barometer: 21.5% of Romanians say they are vulnerable consumers

Thursday, July 2, 2020

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The second edition of the Energy Security Barometer, launched on Wednesday, reveals that 21.5% of consumers consider themselves vulnerable, in terms of difficulties in paying energy bills. At the time of the survey, less than half of Romanians (48.8%) said they had heard that the natural gas market would be liberalized starting July 1, 2020, while 50.2% had not heard about it. Only 21.5% of Romanians consider that they have ...

OMV Petrom Director, about Black Sea gas: If you want industrialization, extract subsoil resources

Thursday, July 2, 2020

Romania needs to extract its subsoil resources if it wants industrialization, said, on Thursday, the General Director of OMV Petrom, Christina Verchere, in a conference about the internal production of Romania.At this time, Romania is a net importer of natural gas, even though it has the enormous opportunity of natural gas in the Black Sea. What is necessary for this project to advance? This opportunity is unique for Romania, but the project is not ...

StateSec Havrilet: Romania has huge offshore wind potential of over 70,000 MW

Thursday, July 2, 2020

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Romania has a huge offshore wind potential of over 70,000 MW and it could reach the UK level in this sector within five years, Secretary of State with the Economy, Energy and Business Environment Ministry (MEEMA) Niculae Havrilet stated on Tuesday."There is a huge opportunity for Romania in the offshore wind sector [offshore wind turbines]. There is a potential of 22 GW [20,000 MW] in turbines with fixed foundation, on the seabed, 50,000 MW, respectively, in ...

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