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Iohannis: Romania, strongly committed to supporting strong, supportive transatlantic relationship

Friday, July 3, 2020

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At the reception of the US Embassy on the occasion of Independence Day, President Klaus Iohannis said on Thursday that Romania remains strongly committed "to supporting a strong and supportive transatlantic relationship" and pointed out that the United States will always have "a strategic ally and a firm friend" in Romania."Romania remains strongly committed to supporting a strong and supportive transatlantic relationship, based on strong bilateral relations ...

INSCOP survey: Nicusor Dan - 54.4%, Firea - 45.6% of voting intentions, if they were the only competitors for the Capital City Hall

Friday, July 3, 2020

Nicusor Dan, the PNL-USR candidate, has almost nine percents ahead Gabriela Firea (PSD - opposition) in the fight for Bucharest City Hall, reads a INSCOP survey commissioned by PNL. Nicusor Dan would get 54.4% of the votes, while the incumbent mayor of the Capital- 45.6%. 56.1% of the respondents said that the direction which the Capital is heading to is wrong and 40.3% replied that things are going well. 67.3% of the ...

450 coronavirus cases in 24 hours, total close to 27,750

Friday, July 3, 2020

Romania recorded 450 coronavirus cases in the past 24 hours, pushing the total to 27,746 on Thursday, July 2, according to the report released at 13:00. Of the ...

FinMin Citu: Romania's full-year economic contraction will be between minus 2 and minus 3 percent

Friday, July 3, 2020

 The second quarter's negative impact on the Romanian economy was worse than anticipated, but the full-year economic contraction will be between minus 2 and minus 3 percent, Public Finance Minister Florin Citu said on Wednesday evening."For the budget revision, the National Prognosis Commission will come up with a new estimate, and they might change their initial projection of minus 1.9 percent. It is true that the second quarter had a slightly higher ...

ING Bank economist: We estimate 5.5% economic drop this year for Romania

Friday, July 3, 2020

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Valentin Tataru, an economist at ING Bank Romania estimates an economic drop of 5.5% this year for Romania, but expects at the same time an increase of the consumers' inclination toward savings. “The exceptional impact of the crisis generated by Covid 19 pandemic will have complex effects in economy, both on a short run – through the economic contraction we estimate at -5.5% in 2020- and on a long and medium run, by changing the consumers' ...

Finance Minister: We do not need IMF this year; we will get money from financial markets

Friday, July 3, 2020

Florin Citu, the minister of public finances, said on Monday that Romania does not need to make loans from IMF and that the money will come from financial markets. “In 2020 we had a first: we are the only country in the non euro zone, with a deficit of about 7% that does not need financing from a financial institution like IMF. We will get the money from financial markets. We had the most successful bond issue in the crisis period, with interest ...

European Commission approves 800-mln-euro scheme to back Romanian companies affected by pandemic

Friday, July 3, 2020

 On Thursday, the European Commission approved a scheme worth four billion lei (approximately 800 million euros) to support Romanian companies affected by the coronavirus pandemic, informs a press release of the EU Executive.The scheme was approved under the Temporary Framework on State Aid. Under this system, public support will take the form of subsidized loans and state loan guarantees.The measures will be managed by the development branch of ...

Commission asks ROMANIA and SPAIN to take the necessary steps to protect and manage their Natura 2000 networks

Friday, July 3, 2020

The Commission is calling on Romania and Spain to take measures to protect and manage their Natura 2000 networks, thus respecting their obligations under the Habitats ...

Commission is calling on ROMANIA to combat illegal logging and better protect forests in its Natura 2000 sites

Friday, July 3, 2020

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The Commission is urging Romania to properly implement the EU Timber Regulation (Regulation (EU) 995/2010), which forbids producing and placing on the EU market products made from illegally harvested logs. The national authorities ...

Air Quality: the Commission calls on ROMANIA to fully implement EU rules on industrial installations permits

Friday, July 3, 2020

The Commission is asking Romania to improve its implementation of EU rules on permits for industrial installations. Romania allows industrial installations to operate without the necessary permits setting operating conditions in accordance with EU legislation. Industrial activities have a significant impact on their ...

Food safety: Commission urges ROMANIA to correctly apply EU rules on hygiene rules for food

Friday, July 3, 2020

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The European Commission decided to send a letter of formal notice to Romania regarding the exclusion of certain supplies of products of animal origin from the scope of Regulation (EC) No ...

Radioactive waste: Commission calls on ROMANIA to enact correctly EU law in this field 

Friday, July 3, 2020

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The Commission has decided to send reasoned opinions to Bulgaria, Denmark, Greece, Lithuania, Poland and Romania for failing to adopt a national programme for radioactive waste management compliant with the requirements of the Spent Fuel and Radioactive Waste Directive ...

Commission decides to refer Romania to the Court of Justice for not transposing the Trade Mark Directive

Friday, July 3, 2020

The European Commission has today decided to refer Romania to the Court of Justice, with a request for financial sanctions, following the lack of notification of transposition measures of the Trade Mark Directive (Directive (EU) ...

Survey on the COVID-19 impact on online businesses

Friday, July 3, 2020

* Companies are looking to innovate, improve their offerings and client support, optimize processes, and enhance communication. 2Checkout, the all-in-one monetization platform for global businesses, has today announced the findings from a global survey of over 800 merchants selling digital, physical goods and services online internationally on the expected impact of the COVID-19 pandemic on their business. Even ...

TAROM resumes flights to Moldova

Friday, July 3, 2020

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Romania's national airline TAROM on Thursday resumed regular flights from Bucharest to Chisinau, Moldova, and back, with a frequency of 4 flights per week, on Mondays, Thursdays, Fridays and Sundays, the company announced on its Facebook page. "The flights will be carried out under maximum safety circumstances, with the observance of the health safety measures, so that any risk will be eliminated," TAROM points out.Tickets can be purchased on the company's ...

Seasonally adjusted unemployment rate picks up to 5.2 pct this May

Friday, July 3, 2020

Unemployment rate in May 2020 increasead to the level of 3 years ago (the first half of 2017), respectively with 0.4 percentages points as compared to the previous month (5.2% as against 4.8%). Men’s unemployment rate was higher than that of women with 2.1 percentages points. Romania's seasonally adjusted unemployment rate advanced to 5.2 percent this May, the same ...

Industrial production prices drop by 2 pct in May, mainly due to reduction of oil prices

Friday, July 3, 2020

In May 2020, industrial production prices for the total (domestic market and non-domestic market) were down 0.3% from April 2020. Industrial production prices for the total (domestic market and non-domestic market) decreased by 2.0% in May 2020 compared to May 2019. The prices of industrial production have dropped by 2 pct in May 2020, compared to the same month of the ...

Media market in Romania will go down 16.5% this year due to pandemic

Friday, July 3, 2020

The media market in Romania will contract by 16.5% this year due to the new coronavirus pandemic, according to the Media Fact Book 2020 published by local media agency Initiative. Thus, the advertising spending in Romania is expected to contract to EUR 401 million this year, from EUR 480 million in 2019. The year looked good before the pandemic and the media market was expected to pass the EUR 0.5 bln milestone. But the pandemic ...

Iohannis: European funds must become essential pillar of our development

Thursday, July 2, 2020

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 President Klaus Iohannis stressed on Wednesday that European funds must become an "essential pillar" of the country's development, and Romania is no longer allowed to miss any financing and development opportunities."Any ambitious investment plan requires financing to match it. For this reason, European funds must become an essential pillar of our development. Romania is no longer allowed to miss any opportunity for financing and development, nor to pursue ...

"Rebuilding Romania" - National Investment and Economic Relaunch Plan (summary)

Thursday, July 2, 2020

The Government is set to present, on Wednesday, the National Investment and Economic Relaunch Plan, in an event that will be attended by President Klaus Iohannis, Prime Minister Ludovic Orban and members of the Cabinet.We are presenting the summary of the document titled "Rebuilding Romania"."REBUILDING ROMANIANational Investment and Economic Relaunch PlanChanging the development paradigmThe health and economic ...

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