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PM-designate Orban: I am confident partners who contributed to success of censure motion will support investiture of Gov't

Thursday, October 17, 2019


The Prime Minister-designate, Ludovic Orban, voiced confidence on Wednesday that the partners who contributed to the success of the censure motion would support the investiture of his Cabinet in Parliament, because otherwise Viorica Dancila remains in power."Today we are having discussions with the delegation representing the PMP [the People's Movement Party]. (...) We have discussions scheduled with all the partners who have contributed to the success of the ...

The Conference of  Presidents of the European Parliament validated the nomination of Laura Codruta Kovesi as the first European head prosecutor

Thursday, October 17, 2019


The Conference of Presidents of the European Parliament  on Wednesday took the last step for the nomination of Laura Codruta Kovesi as the first European head-prosecutor announced on Facebook the Romanian MEPs Dacian Ciolos and Siegfried Muresan. ‘We have just left the Conference of Presidents of the European Parliament where we took the last stop for the nomination of Laura Codruta Kovesi as the first European head prosecutors. We have decided together with the ...

Eurostat: Romania, Slovakia and Hungary, the highest annual inflation rate în EU, in September

Thursday, October 17, 2019


The euro area annual inflation rate was 0.8% in September 2019, down from 1.0% in August. A year earlier the rate was 2.1%. European Union annual inflation was 1.2% in September 2019, down from 1.4% in August. A year earlier, the rate was 2.2%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Cyprus (-0.5%), Portugal (-0.3%), Greece, Spain and Italy (all 0.2%). The highest ...

UniCredit: the Romanian economy goes towards a cyclic economic end: the GDP could grow by 2.7% in 2020

Thursday, October 17, 2019

The Romanian economy goes towards the cyclic economic end and the GDP could grow by 2.7% in 2020 or 2.3 – 2.5% in the case where the US apply the customs tariffs for importarted cars from Europe, stated on Wednesday in a press conference Dan Bucsa, head economist for Central and Eastern Europe with UniCredit Bank London.‘The economic growth in the region will slow down, in connection with that in the euro zone, but it will be over 2% in the largest ...

Euro goes towards 4.76 lei, and the Sterling pound continues to go up and reaches the highest level over the last five months

Thursday, October 17, 2019


The National Bank of Romania (BNR) announced on Wednesday a rate of exchange of 4.7537 lei/euro, up by 0.03%against the value reached on Tuesday. The sterling pound went up and reached the highest level over the last five months. On Tuesday euro went down at 4.7524 lei. On Wednesday euro went up at 4.7537 lei. The sterling pound went up from 5,4550 lei at 5,4855 lei. This is the highest level since 15 May, when it was 5,4865 lei. The American dollar, ...

Eurostat: Over 30% of Romanians, at risk of poverty and social exclusion

Thursday, October 17, 2019


In 2018, 109.2 million people, or 21.7% of the population, in the European Union (EU) were at risk of poverty or social exclusion. This means that they were in at least one of the following three conditions: at risk of poverty after social transfers (income poverty), severely materially deprived or living in households with very low work intensity. After three consecutive increases between 2009 and 2012 to reach almost 25%, the proportion of persons at ...

Transgaz and Gazprom Export extends agreement for natural gas transmission on Romanian territory

Thursday, October 17, 2019

The National Gas Transmission Company "Transgaz" SA and the limited liability company OOO "Gazprom Export" from the Russian Federation agreed to extend their agreement for the natural gas transmission on the Romanian territory by another three months, until December 31 2019.According to a report of Transgaz on last Thursday evening published on the Website of the Bucharest Stock Exchange (BVB), the extension of the agreement allows the natural gas transmission ...

Jan - Aug national energy production down 411,500 tep YoY, household consumption up 20.5 pct

Thursday, October 17, 2019


Both Romania's energy production and electricity exports in the first eight months of the year were lower compared to the same period of 2018, while household energy consumption rose by 20.5 pct, the National Institute of Statistics (INS) said on Friday.The domestic energy output between January - August 2019 totaled 13.429 million toe, down 411,500 toe from the same period last year, while imports amounted to 9.747 million toe.Electricity resources ...

The EC requires Romania to comply with its reporting obligations in the field of waste

Thursday, October 17, 2019

The European Commission announced Thursday that it has sent letters of delay to 15 EU member states, including Romania, which asks them to comply with their reporting obligations, according to EU waste laws, a statement said. EU waste legislation requires member states to report data to the Commission. To date, a number of 15 Member States have not fulfilled their obligations under various laws, including the Waste Directive for electrical and ...

Sibiu teleme cheese receives protected geographical indication in EU

Thursday, October 17, 2019


Telemea de Sibiu, teleme cheese a la Sibiu, has become the seventh Romanian product to have its name entered in the register of protected designations of origin and protected geographical indications (PGI) of the European Union, the Ministry of Agriculture and Rural Development (MADR) reported on Wednesday.According to the ministry, the registration decision was made official under a regulation concerning the European Commission implementing regulation (EU) ...

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