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PSD proposals to reshuffle the government: Nicolae Moga -for Interior Minister, Ramona Manescu - ForMin, Mihai Fifor - Deputy PM

Tuesday, July 16, 2019

Senator Nicolae Moga was validated on Monday by the Executive Committee (CEx) of the majority Social Democratic Party (PSD – ruling party) for the office of Interior Minister, while Mihai Fifor was validated for Deputy Prime Minister in charge with strategic partnerships, PSD national leader Viorica Dancila said at the end of the CEx meeting.At the same time, the PSD leadership took note of the proposal of the party's junior ruling partner Alliance of ...

Simona Halep to be presented with Romania's Star decoration

Tuesday, July 16, 2019

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President Klaus Iohannis has decided to award the highest distinction of the Romanian state, Romania's Star, in rank of Knight, to tennis player Simona Halep for winning the Wimbledon 2019 women's singles tournament."As a result of an extraordinary performance at the Wimbledon tennis tournament as well as in recognition and appreciation for the whole career, the President of Romania, Mr Klaus Iohannis, has decided to award the highest distinction of the Romanian ...

Balance-of-payments current account deficit, up 32.6pct, Jan.-May, 2019

Tuesday, July 16, 2019

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In January-May 2019, Romania's balance-of-payments current account posted a deficit of 3,401 million euros, compared with 2,564 million in January - May 2018, according to a press statement released on Monday by the National Bank of Romania (BNR).The goods trade deficit widened by 1,476 million euros, while a surplus in services income increased by 116 million euros, while the deficit in the primary income balance narrowed by 778 million euros, and the surplus in ...

BVB did not manage to draw any listing in the first semester

Tuesday, July 16, 2019

The Bucharest Stock Exchange (BVB) did not draw any public offer (IPO) initiated in the first half of this year, although there were companies which stated their interest in financing through such operations, in exchange showing preference for the bonds issues, according to a study made by PwC which shows the fact that on the capital markets in Europe the value of IPO launched dropped by 47% at 12,1 billion euro, during the reference period, as compared to the first semester ...

Volume of Jan - May construction works up 23.1 pct YoY

Tuesday, July 16, 2019

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Compared to the previous month, in May 2019, the volume of construction works increased, as gross series, by 5.8% and fell, as adjusted series according to the number of working days and to seasonality, by 7.6%. Compared to the corresponding month of the previous year, the volume of construction works rose both as gross series and as adjusted series according to the number of working days and to seasonality, by ...

Romania, the second biggest fine in Central and Eastern Europe for breaking the GDPR

Tuesday, July 16, 2019

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A fine of 130,000 euro for breaking the GDPR offered to a bank is the second biggest fine after the 220,000 euro for Poland, shows a Deloitte analysis. After the coming into execution of GDPR, the first fine on 27 June 2019 was given when the National Authority for Data Protection (ANSPDCP) sanctioned with approximately 130,000 euro the breaking of the regulation 2016/679 by a bank. Compared to the fines given in Central and Eastern Europe, the ...

IMF: CESEE countries to lose 25% of labour force due to ageing, migration by 2050

Tuesday, July 16, 2019

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 The International Monetary Fund (IMF) expects the countries in Central, Eastern, and Southeastern Europe (CESEE) to lose 25% of their labour force by 2050 due to ageing and migration, IMF deputy managing director Tao Zhang said on Monday, seenews.com informs. "The population of the region, excluding Turkey, will decline by 12% by 2050 due to aging and migration. The reduction in the labour force is likely to be even larger: down ...

Healthcare: THE ACTIVITY OF HEALTHCARE UNITS IN 2018

Tuesday, July 16, 2019

In 2018: nearly 62 thousand healthcare units were in operation there were, on average, 322 inhabitants per doctor In 2018 the activities of the (public and private) healthcare system were performed in nearly 62 thousand healthcare units (50 thousand ...

President signs into law Bill on creation of Agency for Agri-Food Products Quality and Marketing

Tuesday, July 16, 2019

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President Klaus Iohannis on Thursday signed into law the Bill on the creation of the Agency for Agri-Food Products Quality and Marketing, an institution under the authority of the Ministry of Agriculture and Rural Development.The regulatory act cleared the Chamber of Deputies, as a decision-making body, on June 12.The Agency for Agri-Food Products Quality and Marketing is a public institution with legal personality funded from its own revenues and state ...

Total office space in Bucharest approaches 3 million sqm

Tuesday, July 16, 2019

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The second quarter of 2019 reconfirmed the increased interest for the office market in Romania. Over 115,000 square meters of office space were leased over this period at the national level, a value similar with that registered in the second quarter of 2018. In total, 239,500 sqm of office space were leased nationwide in the first half of 2019, up 17.6 percent from the first six months of 2018, when approximately 203,600 ...

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