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Orban: We seem to have stopped increase in number of COVID-19 cases, as data show

Friday, August 7, 2020

Prime Minister Ludovic Orban said on Thursday that, according to up-to-date data, the increase in the number of COVID-19 cases in Romania seems to have been stopped by the measures taken by the authorities, after initial fears - in the three weeks before the enforcement of the new Law on Isolation and Quarantine - of a geometric progression of infections.Orban was asked if the government is considering more restrictive measures, given that the number of COVID-19 ...

BNR lowers inflation forecast for this year to 2.7%, from 2.8%

Friday, August 7, 2020


The National Bank of Romania (BNR) lowered its inflation forecast for this year to 2.7%, from 2.8% as the spring forecast showed, and for next year the estimates regarding the annual inflation rate remain at 2.5%, shows the report on inflation published on Thursday by the National Bank of Romania (BNR), according to which the recovery of economies, implicitly also that of Romania, is expected to be slow. In 2020 Q2, the annual CPI inflation rate ...

Popa (BNR): I think there is still relaxation potential; I am considering minimum mandatory reserves in hard currency

Friday, August 7, 2020

BNR, the Central Bank still has relaxation potential, the minimum mandatory reserves in hard currency. As for the monetary policu interest rate I think we should analyze in detail whether an additional reduction is till opportune, said Cristian Popa, CFA, member of BNR Administration Board. According to him, interest rates for term deposits maintained around 2%.  Another aspect pointed out by the BNR official refers to the ...

Three-month interbank offered rate dips to 2.05 ppa on Thursday

Friday, August 7, 2020


Romania's three-month interbank offered rate ROBOR, which is used for pricing floating rate consumer loans in RON, dropped on Thursday to 2.05 ppa from 2.15 ppa the day before, the National Bank of Romania informed.Early in 2019 the three-month ROBOR was 2.99 ppa, and at the beginning of this year it stood at 3.19 ppa. On August 6, 2019 the benchmark interest rate was 3.09 ppa.The 6-month index that is used for pricing floating rate mortgage loans ...

European Commission: Subsidy of 1 million euros for Timisoara Airport observes EU norms on state aid

Friday, August 7, 2020


The European Commission announced on Thursday that a direct subsidy of 4.8 million lei (about 1 million euros) granted by Romania to Timisoara Airport observes EU norms about state aid, the amount being granted to compensate damages caused by coronavirus pandemic. Due to measures applied by Romania to limit the spread of coronavirus, as of March 16, 2020, air companies operating on Timisoara Airport should gradually reduce the number of regular ...

Romania has highest share in EU of laid off hospitality workers

Friday, August 7, 2020


Romania is the EU country with the highest percentage of hospitality employees fired due to the pandemic, president of the Romanian Hotel Industry Federation (FIHR) Calin Ile told a press conference on Thursday.Ile presented the conclusions of a Cushman & Wakefield survey commissioned by FIHR on the responses of hotel owners in Romania to the crisis caused by the coronavirus, compared to the reactions of European entrepreneurs in the field."In the ...

Pelicula film festival to be held Sept. 9-16, online, outdoors

Friday, August 7, 2020


Films from Argentina, Bolivia, Brazil, Chile, Peru, Spain and Uruguay will run in the 5th edition of the Pelicula Film Festival, which will take place September 9-16, online and outdoors.According to organisers, all the selected films can be watched online, with Romanian subtitles, September 9-16, while every evening September 9-13, the Elvire Popesco Cinema Hall will host the running in the open air of five of the most important Ibero-American films of recent ...

Pablo Larrain's 'EMA' to open Bucharest International Dance Film Festival

Friday, August 7, 2020


The sixth edition of the Bucharest International Dance Film Festival (BIDFF), the only cinema event in Romania dedicated to dance films, will take place September 3-6, in Bucharest.According to a press statement released by organisers, the screenings will take place outdoors at the Elvira Popesco Cinema Hall and the Romanian Peasant Museum, while special events will be hosted, with limited seating, by LINOTIP - Independent Choreographic Centre and CNDB, the Stere ...

Bucharest International Film Festival  of August 27 under Prince Radu's high patronage

Friday, August 7, 2020


The 16th edition of Bucharest International Film Festival will be held over August 27- September 3, at the Romanian Peasant Museum and in the yard of the Comic Opera for Children, under Prince Radu's high patronage, a press release informs on the website www.romaniaregala.ro. The competition will ...

President Iohannis: New school year to begin on September 14, with generally in-person classes

Thursday, August 6, 2020


 President Klaus Iohannis announced on Wednesday that the new pre-university school year will start on September 14, with most students attending in-person classes, and that three scenarios have been devised on how courses will be organised."The new pre-university school year begins on September 14. For most students, this means that they will attend classes in person. Depending on the number of sick persons in each locality, three scenarios have been ...

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