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Learning from History: The Union of the Romanian Principalities
Friday, January 24, 2025
By Ambassador Extraordinary and Plenipotentiary Permanent Representative to the Council of Europe, Dr. Ion I. Jinga Strasbourg, January 2025 Motto: “Precedents in history can furnish no other light than that of beacons, which ...
OECD technical mission assesses Romania's progress with corporate governance
Friday, January 24, 2025
A technical evaluation mission of the Secretariat of the Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD) took place on January 20-23 at the General Secretariat of the Government (SGG).According to SGG, the major objective of the mission was to analyse and evaluate the implementation by Romania, as a candidate state, of the OECD recommendations in the field of corporate governance that address both ...
CFA Romania estimates budget deficit of 7.3pct of GDP and public debt of 57pct this year
Friday, January 24, 2025
The state budget deficit forecast for 2025 has increased to the average value of expectations of 7.3% of GDP and economic growth expectations are at the average value of 1.3%, according to the estimates of analysts from the CFA Romania Association.Public debt calculated as a percentage of GDP is expected to increase to 57% in the next 12 months.The expected inflation rate for the 12-month horizon (January 2026) was at the average value of ...
New orders in the processing industry up 2.7pct January through November, 2024
Friday, January 24, 2025
New orders in the manufacturing industry increased by 2.7%, in nominal terms, overall (domestic and foreign markets), between January 1 and November 30, 2024, compared to the same period in 2023, according to data published on Thursday by the National Institute of Statistics (INS).In the same period, the evolution of new orders in the manufacturing industry was due to the growth recorded in the capital goods industry (+6.6%). Decreases were recorded in ...
MApN: Russian media disinform about Russia's attacks near Romania's borders with Ukraine
Thursday, January 23, 2025
Romania's Defence Ministry (MApN) says that the Russian press is disinforming about the recent attacks on January 16 - January 17, carried out with drones by the forces of the Russian Federation on civilian port infrastructure in Ukraine, near the border with Romania.According to a MApN press statement, the Russian disinformation campaign uses false or out-of-context information and invents non-existent situations to manipulate the truth and ...
German ambassador: Élysée Treaty, foundation of close Franco-German friendship and symbol of reconciliation
Thursday, January 23, 2025
The Élysée Treaty is the foundation of the close Franco-German friendship and the symbol of reconciliation between Germany and France after World War II, said the German ambassador in Bucharest, Peer Gebauer.The message is sent by the German diplomatic mission in the context in which Germany and France celebrate 62 years since the signing of the Treaty between the Federal Republic of Germany and the French Republic of 22 January ...
Presidential candidate Antonescu: For the sake of democracy, president Iohannis should have resigned
Thursday, January 23, 2025
The presidential candidate of the PSD-PNL-UDMR coalition (Social Democratic Party, National Liberal Party, Democratic Union of Hungarians of Romania), Crin Antonescu, on Tuesday stated that president Klaus Iohannis should have terminated his mandate as soon as the new Parliament was configured, in the context in which "he doesn't at least communicate with the people.""For the sake of democracy, stability and a minimum trust that is needed ...
Expert Popa: We are facing a critical stage of convergence process; we must manage public debts prudently
Thursday, January 23, 2025
Romania risks entering a period of economic stagnation and loss of competitiveness if we follow an unsustainable economic model, characterized by growth based predominantly on consumption and indebtedness, without investments in technology, reforms and innovation, argues Cristian Popa, member of the Board of Directors of the National Bank of Romania (BNR), in an opinion article sent on Wednesday.He emphasised that the opinion presented in ...
Gold prices hit a new all-time high of 422.4014 lei/gram
Thursday, January 23, 2025
The gold gram got more expensive by 2.0695 lei (0.49%) up to a quotation of 422.4014 lei from 420.3419 lei as the National Bank of Romania announced, registering a new record value.The national currency depreciated on Wednesday against the euro, which was calculated by the National Bank of Romania (BNR) at 4.9768 lei, up by 0.04 bani (+0.01%) from the previous quotation of 4.9764 ...
Standard projects to be funded under Interreg NEXT Romania-Ukraine Programme, approved
Thursday, January 23, 2025
The Monitoring Committee approved the standard projects that will be funded under the Interreg NEXT Romania-Ukraine Programme, the Ministry of Development, Public Works and Administration (MDLPA), the Managing Authority for this cooperation programme, announced on Wednesday.At the meeting, which took place in Bucharest, the Managing Authority within MDLPA presented the results obtained at the end of the selection process for the ...
