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US Embassy's Muniz: The ability of Romanians to be really good does not surprise me at all

Monday, July 4, 2022

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David Muniz, the chargé d'affaires of the United States Embassy in Bucharest, said on Friday, at the Independence Day reception, that Romania leaves a positive mark on the world, recalling in this sense the reaction to refugees from Ukraine and the position at the recent NATO Summit in Madrid, when it offered the allies the unique and invaluable perspective of a NATO member on the border with the nation under Russian barbarian attack.I am also very ...

Aurescu: "Black Sea Security Summit" reconfirmed Romania's high geostrategic profile as US strategic partner

Monday, July 4, 2022

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The Minister of Foreign Affairs, Bogdan Aurescu, declared on Friday in Constanta, in a press conference organized at the end of the "Black Sea Security Summit", that this event proved once again the importance of the transatlantic link, Romania 's high geostrategic profile as a strategic partner of the USA, a reliable ally within NATO and a mature and responsible EU member state, actively involved in the Black Sea."This event once again proved the importance ...

Geoana: NATO Summit in Madrid has decided to continue to support Ukraine; their fight is our fight

Monday, July 4, 2022

NATO Deputy Secretary General Mircea Geoana said in Constanta on Friday at the Black Sea Security Summit that NATO will continue to support Ukraine and that the Black Sea area remains a critical area of strategic relevance to NATO.He also said Russia is "the number one threat" at the time, adding that the rise of China is another important "challenge" to NATO's interests, values, and security. At the same time, Geoana thanked the US for the significant ...

Minister Bolos, about the stage of fulfillment of the milestones in PNRR: The ministries had to fulfill 27 milestones

Monday, July 4, 2022

The minister of investment and European projects, Marcel Bolos, stated on Friday at Victoria Palace that the ministries had to fulfill 27 milestones in the National Resilience and Recovery Plan (PNRR) until 1st July. He said that the process of validation with the European Commission is starting and during this process supplementary information might be required or completion of documents.   The most ...

Valentin Lazea: BNR will have to increase the interest rate further to prevent a migration to the euro

Monday, July 4, 2022

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Lei depositors are penalized by low interest rates, which is a reason why BNR will have to increase interest rates further to prevent a migration to the euro, the so-called Euroization of the economy, Valentin Lazea, chief economist at the national Bank of Romania (BNR), said recently at a specialized conference.   The BNR official said that the rate between loans and deposits is kept subunit both for the ...

Study: The Romanian capital market continues its expansion at a lower pace than in 2021

Monday, July 4, 2022

The capital market in Romania continues its expansion at a lower pace than in 2021,due to the economic and geopolitical uncertainties, according to the report ‘ Multiples of valuation of companies listed on the Bucharest stock Exchange’ made by PwC Romania. According to the quoted source, the capitalization of the companies listed on the Bucharest Stock Exchange (BVB) got to 229 billion lei at the end of the first ...

Ford Otosan completes takeover of the Craiova plant and announces EUR 490 million investments

Monday, July 4, 2022

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The agreement whereby Ford Otosan, Europe’s largest commercial vehicle manufacturer, takes ownership of Ford’s Craiova plant has been successfully completed. With this agreement, Ford has transferred ownership of its Craiova plant, which produces vehicles and engines, to Ford Otosan, allowing the company to expand its operations internationally.   This year, on 14 March, Ford announced that the Craiova plant ...

BNR records 2.015 bln RON profit in 2021

Monday, July 4, 2022

  The National Bank of Romania (BNR) recorded a profit of 2.015 bln RON in 2021, down 1 percent from the previous year, according to the institution's annual report."The financial result as of December 31, 2021 was a profit of 2.015 billion RON, by 1 percent (-19,581,000 RON) lower than the one recorded in the previous year (2,034,776,000 RON), mainly as a result of the following evolutions: an operating profit of 2,482,117,000 RON, 5 percent ...

Govt. approves but doesn't recommend bank loan moratorium

Monday, July 4, 2022

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The bank loan moratorium, for bank debtors facing financial problems due to the crisis prompted by the war in Ukraine, was enacted by the Romanian Government on June 29. Those who face increases in spending by 25% are entitled to request the moratorium, which allows for the deferral of installments.  Finance minister Adrian ...

Greece and Romania celebrate 140 years of diplomatic ties with exhibition

Monday, July 4, 2022

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The Byzantine and Christian Museum in Athens is hosting an exhibition of historical documents marking the 140th anniversary of diplomatic ties between Greece and Romania, https://www.ekathimerini.com/ ...

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