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Senate President Nicolae Ciuca hade a meeting with the new Greek ambassador, Evangelia Grammatika

Wednesday, February 28, 2024

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  Senate President Nicolae Ciuca, in a meeting with the new Greek ambassador, Evangelia Grammatika, conveyed the appreciation of the Bucharest authorities for Greece's support for Romania's admission to the Schengen Area and the OECD."I met this morning with Her Excellency Evangelia Grammatika, the new Greek Ambassador to Romania. The Hellenic Republic is one of our most important partners in the region, with both countries having close cooperation both within ...

The event "Good practices for the environment advanced by civil society," held at the Cotroceni Presidential Palace

Wednesday, February 28, 2024

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  President Klaus Iohannis said Tuesday that energy efficiency measures must support the most vulnerable consumers, but also that at least part of the green technology used in new investments must be made in Romania.The remarks were made during the event "Good practices for the environment advanced by civil society," held at the Cotroceni Presidential Palace on the occasion of the World Day of Non-Governmental Organisations."I am glad that the ...

PM Ciolacu, at the AmCham CEO Business Forum

Wednesday, February 28, 2024

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 The Republic of Moldova and Ukraine must be helped to become economically sustainable, Prime Minister Marcel Ciolacu told American investors attending the AmCham CEO Business Forum on Tuesday."Look at the dynamics of the war in Ukraine and the increasing interest of the Russian Federation at least politically to manage Transnistria and I am firmly convinced that you know as well as I do what is coming. We have a moral obligation towards our Romanians in the Republic ...

Ambassador Kavalec at AmCham CEO Business Forum

Wednesday, February 28, 2024

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InterContinental Athenee Hotel, Bucharest27 February 2024   Prime Minister Ciolacu, Distinguished Ministers, Dear CEOs and AmCham members, Ladies and Gentlemen,   Good morning everyone. Thank you for the invitation to join you here today. Let me begin by thanking the Prime Minister and members of his cabinet for being ...

Budget deficit of 0.45% of GDP in January 2024

Wednesday, February 28, 2024

The consolidated budget deficit was 0.45% of GDP in January 2024, compared to 0.25% of GDP in January 2023, according to the data of the Ministry of Finance, published on Tuesday."The implementation of the general consolidated budget for January 2024 ended with a deficit of 7.89 billion RON, respectively 0.45% of GDP, compared to the deficit of 4.02 billion RON, respectively 0.25% of GDP for January 2023," informs the source.Total revenues amounted to 47.39 ...

Daianu : Romania is still relatively all right concerning public debt

Wednesday, February 28, 2024

Romania is still relatively well concerning the public debt, around 50%, but our problem is budget deficit, said Daniel Daianu, the president of the Fiscal Council on Tuesday, at the conference “Fiscal Year 2024”, organized by FinMedia and Financial Market.   “An understanding was reached in Europe between Parliament and the Commission, Council about the new economic governing structures, the new fiscal rules, which are new and not ...

Coface Romania study : 6,650 new insolvency procedures were opened in 2023

Wednesday, February 28, 2024

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The latest Coface Romania study shows that 6,650 new insolvency procedures were opened in 2023 compared to 6,649 in 2022. The refused payment instruments increased both in value (+37%) and in number (+17%) compared to 2022, but below the levels recorded in 2019. The construction sector reports the highest number of insolvencies, respectively 1,446.   The economic context – 2023, a year of ...

Telekom Romania Mobile in Q4 2023: total revenues of EUR 77.5 million and an increase in Post paid subscriber base of 3.3% year-on-year

Wednesday, February 28, 2024

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At the end of 2023, the number of Post paid subscribers grew by 3,3% as compared to the previous year. The revenues for the year 2023 reached EUR 286.9 million, while in Q4 2023 revenues increased by 6.2%, compared to Q4 2022. Annual EBITDA Adj. AL at €17.0 million (Q4 €4.1million).   Telekom Romania Mobile recorded 1.92 million postpaid subscribers ...

BASF’s financial strength supports proposed stable dividend of €3.40 per share for the 2023 business year

Wednesday, February 28, 2024

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EBITDA before special items: €7.7 billion (minus 28.7 percent) Cash flows from operating activities of €8.1 billion (plus 5.2 percent); free cash flow of €2.7 billion (minus 18.5 percent) Outlook 2024: EBITDA before special items of between €8.0 billion and €8.6 billion expected Free cash flow of between €0.1 ...

In Paris, President Iohannis, French counterpart discuss support to Ukraine, Black Sea security

Tuesday, February 27, 2024

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Romania's President Klaus Iohannis participated on Monday in Paris, at the invitation of France's President Emmanuel Macron, in a working meeting of NATO leaders to discuss the developments in Russia's war of aggression against Ukraine and concrete ways for the coordinated and most efficient continuation of support for Ukraine.The Romanian Presidential Administration said on Tuesday in a press statement that Iohannis drew attention to the implications that the war triggered ...

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