Loading page...

ACTMedia - Romanian Business News

:: Services|About us|Contact|RSS RSS

Subscribe|Login

Top Story

PSD's leader Dragnea sentenced to 3 years, 6 months in prison; the ruling is not final

Friday, June 22, 2018

180622085028Tribunal_.jpg

The Supreme Court on Thursday sentenced national leader of the Social Democratic Party (PSD), major at rule, Liviu Dragnea to three years and six months in jail for fictitiously hiring two persons to work with the DGASPC Teleorman child protection and social assistance directorate who were actually working for the local PSD organisation. The ruling is not final.The three-year-and six-month imprisonment for instigation to abuse of office was comingled with a ...

Dacian Ciolos: ‘We need to show Romanians that politics is not the mafia’

Friday, June 22, 2018

180622085201LmpwZyZ3PTgwMCZoYXNoPTBiZjVmZTdmNTc2ZDIwOWRkNmVlYTFkOGJkZDc2ZWQz.thumb.jpg

As Romania prepares to hold the rotating EU presidency at the start of 2019, EURACTIV met with Dacian Ciolos. The former prime minister and agriculture Commissioner has just set up a party in Romania similar to Emmanuel Macron’s En Marche, with one eye on the European elections. Dacian Ciolos was Agriculture Commissioner in the Barroso Commission from 2010 to 2014 and prime minister of Romania from November 2015 to January ...

European Commission worried about judicial amendments

Friday, June 22, 2018

180622085251645x344_1521459760422.jpg

The European Commission said it is worried about the present evolutions in Romania, on the amendment of the Penal Procedure Code and the other changes in legislation about justice. Christian Wigand, the spokesperson of the European Commission, said on Thursday: * The Commission closely watches present evolutions in Romania. * As pointed out repeatedly, the fight against corruption and ensuring an ...

Braun (BCR): The leu shows good stability in global context and regional comparison

Friday, June 22, 2018

180622085335foto_ce_curs_au_afisat_astazi_casele_de_schimb_valutar_pentru_euro_si_dolar_1423741097.jpg

The latest depreciation of the leu is part of the global context of the deterioration of the investment feeling towards emergent markets, but in global context and in regional comparison, the leu shows in fact a very good stability, said Horia Braun, the chief economist of BCR. “The latest depreciation of the leu is in the global context of the deterioration of the investment feeling towards the emerging market, that was generated by the ...

European Commission: Romania is one of the countries with lowest GDP per capita in EU

Friday, June 22, 2018

180622085444GDP1.jpg

Although it grew to 60% of EU average in 2016, Romania remains one of the countries with the lowest GDP per capita in EU. This is one of the conclusions drawn by the European Commission, presented in the Country Report of 2018 (European Semester 2018). In the 2007-2016 interval, Romania’s GDP per capita grew by 20%, compared to the EU average. While in 2007 it was 40% of the average, in 2016 it reached 60%. The Capital city area is an exception, ...

Gov't approved funding for Targu Mures-Campia Turzii motorway

Friday, June 22, 2018

180622085545exproprieri.jpg

Prime Minister Viorica Dancila highlighted on Thursday the importance of the Targu Mures - Campia Turzii motorway, for which construction the Cohesion Fund funding was approved."This week we have received good news from European Commissioner Corina Cretu. They approved Cohesion Fund financing of over 246 million euros for the construction of the Targu Mures - Campia Turzii motorway. I want to underscore the importance of this project, given that it is part of ...

Protesters at Parliament Palace, booing the prime-minister and the president of PSD

Thursday, June 21, 2018

180621112147736397_1529495206_foto_protest_in_parlament_in_fata_salii_plenului_in_timpul_discursului_premierului_dancila.jpg

Things got a bit out of control Wednesday around the Parliament Palace and inside the building, with protesters clashing with members of the Social Democratic Party (PSD). Nicolae Bacalbasa, member of the lower chamber (deputy) of Parliament and a representative of PSD was ambushed by protesters outside the building when leaving the Parliament. The MP was spitted on and pushed by the protesters in Izvor Park and it was ...

PNL, USR and PMP lodge censure motion "Dismissal of Dancila-Dragnea Government, a national emergency!"

Thursday, June 21, 2018

The National Liberal Party (PNL), the Save Romania Union (USR) and the People's Movement Party (PMP) tabled Parliament a censure motion against the Executive called "Dismissal of the Dancila-Dragnea Government, a national emergency!." Political sources told local media that 152 lawmakers have signed the motion. PNL Chairman Ludovic Orban announced on Monday that the censure motion against the Government will be filed on June 20, ...

Elections in Moldova: It's a serious issue to invalidate a mandate earned by popular vote, Melescanu says

Thursday, June 21, 2018

Minister of Foreign Affairs Teodor Melescanu on Wednesday stated that the invalidation of the mandate earned by Andrei Nastase in the Republic of Moldova elections is a serious issue. "Unfortunately, this is a very serious issue, in my opinion, to invalidate a mandate earned by popular vote. I don't know all the details related to the legal provisions in the Republic of Moldova, but I sincerely believe that when a person was validated by a very clear popular ...

Report of the European Commission: in the present rhythm, the public  debt of Romania will get to 60% of GDP until 2028

Thursday, June 21, 2018

180621112309bl06_public_debt_3034656f.jpg

The budgetary deficit is increased on the basis of the reduction of taxes, combined with the increase of public expenses – is the warning sent on Wednesday by the European Commission  with the help of Isabela Grilo the head of the General Direction for Economic and Financial Affairs of the European Commission. In the report presented in Bucharest by  the European official in a press conference  it is said that a series of ...

Premium News

Daily

Friday, June 22, 2018

Financial & Banking

Monday, June 18, 2018

Economic

Tuesday, June 19, 2018

Companies

Wednesday, June 20, 2018

Energy & Environment

Thursday, June 21, 2018

Partners

MEDIAFAX INSTITUTUL EUROPEAN DIN ROMANIA ROMANIAN ECONOMIC HIGHLIGHTS