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The  European Parliament discusses on Monday a report which proposes the accession of  Romania and Bulgaria to the Schengen area

Monday, December 10, 2018

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The European Parliament  discusses on Monday a report which proposes the accession of Romania and Bulgaria to the Schengen area, on Tuesday the vote is programmed to take place, but  the final decision for this topic goes to the EU Council. The document was adopted in November by the Commission for Civil Liberties in the EP. The Commission for Civil Liberties (LIBE) reiterated on 5 November the recommendation addressed to the ministers of ...

President Iohannis: Gov't reshuffle is political, not constitutional, therefore is out of Constitutional Court's hands

Monday, December 10, 2018

President Klaus Iohannis said on Friday that the complaint filed by the Government with the Constitutional Court of Romania (CCR) in connection with the appointment of the new ministers of Transport and Regional Development, respectively, cannot solve the issue, which is actually political, not constitutional."Mrs. Prime Minister has sent the Constitutional Court of Romania a request for the settlement of a conflict. The Court will most likely give answer, we'll ...

Labour Ministry's budget gets additional 43.2 ml lei for the payment of pensions

Monday, December 10, 2018

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 The budget of the Ministry of Labor and Social Justice was supplemented by 43,236,000 lei from the Government's Reserve Fund for 2018, under specific decisions approved at the government's Friday meeting, the Ministry said in a release.The money will be used for the payment of pensions, old-age benefits, as well as for covering the post fee for the delivery of social security and welfare benefits."Expenditures were higher than initially estimated ...

GDP IN Q3 2018 WAS, IN REAL TERMS, BY 1.9%1 HIGHER, AS COMPARED TO Q2 2018

Monday, December 10, 2018

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As against the same quarter of 2017, the Gross Domestic Product recorded an increase by 4.3% for unadjusted series and by 4.1% for seasonally adjusted series; In the period 1.I-30.IX 2018, Gross Domestic Product increased by 4.2% as against the same period of the previous year, for both unadjusted series and for seasonally adjusted series; The seasonally adjusted ...

EC announced the list of localities in Romania which will have free of charge internet in public spaces

Monday, December 10, 2018

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The European Commission announced on Friday the list of localities which won the first appeal of projects in the programme WiFi4EU among which 224 localities in Romania will receive vouchers  worth 15,000 euro each for the installation of access public hotspots for wireless internet. Among the municipalities which will have free internet in public spaces is Bucuresti, Brasov, Cluj-Napoca, Constanta, Hunedoara, Piatra-Neamt, Pascani. Other ...

European Commission sends Romania to the EU Court of Justice to recover illegal state aid from Micula brothers

Monday, December 10, 2018

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The European Commission has decided on Friday to refer Romania to the European Court of Justice for failing to fully recover illegal State aid worth up to EUR 92 million from Viorel and Ioan Micula and their group of companies, as required by a Commission decision of 2015. An arbitral award of December 2013 (Micula v Romania) found that by revoking an investment incentive scheme in 2005, four years prior to its scheduled expiry in 2009, Romania had ...

Isarescu: ”10 bani less in the fuel price is enough to help us with inflation’

Monday, December 10, 2018

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Mugur Isarescu, the governor of the National Bank of Romania (BNR) estimated on Monday that inflation in Romania will drop at the end of the year and an important role has the price of oil as Romania is more sensitive to foreign markets.‘The shocks from abroad are visible faster in inflation in our country than the surplus (the growth of local economy). It was obvious through the crises on the oil market. I was shocked, maybe you too, and I say it is ...

Daianu : Productivity - key to resistance in Eurozone, basis of competitiveness

Monday, December 10, 2018

Productivity is the key to resistance in the Eurozone, the basis of competitiveness, but it must not be achieved through low wages because otherwise we are bound to remain a peripheral economy, Daniel Daianu, member of the National Bank of Romania (BNR) Board of Administration stated on Wednesday at the debate titled "The Romanian economic model in the EU. Romania - 2040 Horizon."According to him the currency risk disappears in the Eurozone but not the solvency ...

EIB: Romania has plenty of sources of financing; the lack of projects is the issue

Monday, December 10, 2018

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Andrew McDowell, the vice president of the European Investment Bank (EIB), said that obtaining financing for projects is not an issue for Romania, as there are plenty of sources, but that the issue is the insufficient effort put into projects, which thus can’t attract more European money, both when it comes to public as well as private investments. In this regard, Romania ranks among the last places in the European Union, according to the ...

Gov't to notify CCR: President said he won't make any decision regarding the Cabinet reshuffles before next week

Friday, December 7, 2018

Prime Minister Viorica Dancila stated that the Government will notify the Constitutional Court of Romania (CCR), after President Klaus Iohannis conveyed on Thursday, over a phone conversation, that, before next week, he won't make any decision regarding the proposals of the new ministers for the Transport and Development Ministries."We will notify the CCR, I talked with President Iohannis today, I called Mr President, I wanted to see what happened, if he will ...

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