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EC 2018 spring forecast projected for Romania a public deficit of 3.4 percent and 3.8 percent of GDP for 2018 and 2019

Thursday, May 24, 2018

The European Commission issued a warning to Romania on Wednesday for significant deviation from the adjustment path toward the medium-term budgetary objective, estimating a risk of a deviation from that recommendation in 2018, and recommends the government to take the necessary measures to limit the growth rate of expenditure. “The Council also adopted a subsequent recommendation confirming the need for Romania to take the necessary measures to ...

FinMin Teodorovici reiterates   that the contribution to pillar 2 for pensions will not be suspended

Thursday, May 24, 2018


The minister of finances, Eugen Teodorovici reiterated on Wednesday the fact that the contribution to pillar II for pensions will not be suspended but following the discussions with the factors involved, at the end of June – the beginning of July a new project in the domain will be presented.In support for his statements,  Teodorovici spoke about the statements of prime-minister Viorica Dancila.‘A left party will never put in balance ...

DNA's Kovesi delivered a speech at the UN headquarters in New York about the independence of judges and prosecutors în Romania

Thursday, May 24, 2018


Chief Prosecutor of Romania's National Anticorruption Directorate (DNA) Laura Codruta Kovesi stated on Wednesday, in a speech that she delivered at the United Nations headquarters in New York, that the greatest challenge for Romania is maintaining the independence of judges and prosecutors."There have been repeated attempts to amend the anticorruption legislation in order to limit the legislative instruments used by the anti-graft prosecutors or the ...

At the Pentagon, Aurescu agrees with US officials that Black Sea region be tackled in Brussels NATO Summit

Thursday, May 24, 2018

Presidential Advisor Bogdan Aurescu has discussed with high-ranking officials from the Pentagon that the Black Sea region must receive increased attention at the next NATO Summit in Brussels, informs a press release issued by Romania's Embassy to the US and sent on Tuesday.Foreign Policy Presidential Advisor Bogdan Aurescu had a meeting on Tuesday, at the Pentagon, with Robert S. Karem, Assistant to the Secretary of Defense for International Security Affairs, and ...

ForMin Melescanu met members of of the Arab Diplomatic Group in Bucharest to discuss the relocation of the Romanian Embassy în Israel

Thursday, May 24, 2018


Minister of Foreign Affairs Teodor Melescanu on Wednesday received ambassador of the Lebanese Republic to Bucharest, Rana Mokkadem - the dean of the Arab Diplomatic Group in Bucharest, the ambassador of the Republic of Turkey to Bucharest, Osman Koray Ertas, the ambassador of the Kuwait State to Bucharest, Talal Mansour Alhajeri, and the ambassador of the Kingdom of Saudi Arabia to Bucharest, Abdulaziz Mohammed Al-Aifan, informs a release of the Ministry of Foreign Affairs ...

Deputy PM announces ambitious PPP strategic projects: motorways, Railway Company hospitals, high-capacity medical center

Thursday, May 24, 2018

Deputy PM Viorel Stefan presented Tuesday evening the strategic projects to be initiated within short under the new legislation on the public-private partnership (PPP), specifically three motorways, the Railway Company's hospital network and the "Carol Davila" medical center that includes the planned Republican Hospital."This year investments will be the major focus of governing. We plan to support investment by engaging resources and encouraging the business ...

Hidroelectrica will purchase wind parks in Romania and other power companies

Thursday, May 24, 2018


Hidroelectrica is analysing the possibility to purchase wind and photovoltaic parks in Romania, as well as power companies abroad, said Bogdan Badea, the general manager of the company at press conference, on Monday. He also showed he was analysing the possibility to purchase other companies outside the country. “We have a market analysis going on,” Badea pointed out. He was also skeptical ...

Eleven companies interested in transporting natural gas from Romania to Ukraine

Thursday, May 24, 2018


11 companies expressed their interest in transporting natural gas from Romania to Ukraine through Trans-Balkan pipe , Ukrtransgaz company, the operator of gas pipes in Ukraine announced on Friday, at the end of the evaluation of market demand for this route, Interfax informs. “Eleven top companies in Europe and Ukraine expressed their interest in the transport of natural gas from Romania to Ukraine for up to 10 billion cubic meters per year, that ...

Length of oil and gas pipelines reaches 16,601 km at end of 2017

Thursday, May 24, 2018


The oil and gas pipelines at the end of 2017 reached a length of 16,601 kilometers, according to data centralized by the National Institute of Statistics (INS).Of the total pipelines, 80.5 percent (13,350 kilometers) were destined to natural gas transmission, out of which 12,797 kilometers for natural gas transmission and 553 kilometers for international transit.The pipelines for the oil transmission had a length of 2,776 kilometers (16.7 percent of ...

USA - guest country at Bookfest în Bucharest, between May 30 and June 3

Thursday, May 24, 2018


More than 150 publishing houses are set to participate in the Bookfest Book Salon, to take place in the Bucharest Capital City between May 30 and June 3, this time being devoted to the literature from the USA, with the American Ambassador to Bucharest, Hans Klemm, to pay an homage, in this context, to his former professor, Romanian-born writer Matei Calinescu. The event dedicated to Matei Calinescu will take place on May 31, with the writer's wife as a ...

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