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Ludovic Orban resigns as PM-designate

Wednesday, February 26, 2020

President Klaus Iohannis announced on Tuesday that Ludovic Orban has resigned as prime minister-designate."This evening, Mr Ludovic Orban resigned as prime minister-designate," Iohannis said at the Cotroceni Presidential Palace. President Klaus Iohannis met interim Prime Minister Ludovic Orban at the Cotroceni Presidential Palace on Tuesday, according to official sources.On Monday, the Constitutional Court of Romania ruled that ...

President Iohannis to convene parliamentary parties for consultations on Wednesday

Wednesday, February 26, 2020

President Klaus Iohannis has convened the parliamentary parties and formations on Wednesday for consultations after accepting the resignation of Ludovic Orban from Prime Minister-designate office. "I will convene consultations with the parliamentary parties, which are to begin tomorrow at 16:00hrs and conclude at 20:00hrs," the head of state announced at the Cotroceni Presidential Palace. He showed that Ludovic Orban remains his first option as Prime ...

USR-PLUS Alliance's proposal for PM is Dacian Ciolos

Wednesday, February 26, 2020

Leader of the Save Romania Union (USR) Dan Barna said representatives of the Union will participate on Wednesday in the consultations called by President Klaus Iohannis, and that it has the same proposal of PM as before - Dacian Ciolos."We will go tomorrow to the consultations convened by the President of Romania for the designation of a new Prime Minister with the same proposal that we have since the beginning of the USR-PLUS (Liberty, Unity, Solidarity Party) ...

Ciolos: Designation of new Prime Minsiter in next few days would bring us back to correct path

Wednesday, February 26, 2020

The chairman of the Liberty, Unity and Solidarity Party (PLUS), Dacian Ciolos (technocrat prime-minister în 2016), believes the designation of a new Prime Minister in the next few days would bring Romania back on the correct path."The decision of the Constitutional Court from yesterday [e.n. - Monday] may have issues, but we are obligated to follow it. If it's necessary to designate a Prime Minister that would actually try to build a majority, even though ...

CCR President, Valer Dorneanu: We are not indicating to President whom to appoint next

Wednesday, February 26, 2020

The President of the Constitutional Court of Romania (CCR), Valer Dorneanu, stated on Monday that the CCR does not indicate to President Klaus Iohannis whom to appoint as Prime Minister and reproached Ludovic Orban for accepting the appointment in order to "fail" the Government.In a phone intervention with private TV broadcaster Antena 3, Valer Dorneanu offered some explanations regarding the CCR decision that found the existence of a legal conflict between the ...

PSD proposes Serban Nicolae as Senate speaker

Wednesday, February 26, 2020

Senator Serban Nicolae has been proposed for the Senate helm, social-democrat (PSD - opposition) senators decided on Tuesday. Nicolae won over senator Radu Oprea, who had been proposed by the PSD interim leader Marcel Ciolacu. Titus Corlatean and Niculae Badalau have also joined the race inside the party for the second state position, but they lost the first round. In the second round, Nicolae won by 35 votes against his contender Radu Oprea who got 24 ...

DefMin Ciuca: NATO presence in Black Sea region - strategic imperative

Wednesday, February 26, 2020

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NATO presence in the Black Sea region is a strategic imperative and it is Romania's right to demand this, said Interim Defence Minister Nicolae Ciuca at the 2019 activity review of the Defence Ministry, on Tuesday."For us, ensuring a more robust NATO presence at the Black Sea has been the main objective. Through the joint efforts of the President of Romania, diplomacy and Defence, we are witnessing a greater awareness today that coherence and cohesion are needed ...

An Italian man detected as infected with COVID-19 was in Craiova, Feb 18-22

Wednesday, February 26, 2020

The 71-year old Italian citizen who has recently been detected as infected with COVID-19 visited Romania, the Craiova City, between February 18 and 22, informed the Ministry of Foreign Affairs (MAE)."The Romanian authorities have activated the necessary protocols for this type of situation, with an epidemiological investigation to be launched soon and quarantine or self-isolation measures to be taken, depending on the case," said the same ...

IntMin Vela: Decision with six measures to combat coronavirus infections, adopted

Wednesday, February 26, 2020

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Interim Interior Minister Marcel Vela said on Monday that the authorities adopted a decision approving the measures necessary to increase the intervention capacity in preventing and combating infections with the new coronavirus.During a press conference held at the ministry's headquarters, he also announced that there was a video conference attended by all emergency county committees."Following the discussions, we decided and voted unanimously on ...

Health Minister: Romania has a roughly 4,000-strong coronavirus quarantine capacity

Wednesday, February 26, 2020

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Acting Health Minister Victor Costache announced at a press conference on Monday that Romania has a roughly 4,000-strong coronavirus quarantine capacity."We have a roughly 4,000-strong quarantine capacity nationwide - a comfortable figure considering the situation we are in. The hospitalization capacity stands around 2,500 beds in all the country's infectious diseases wards and hospitals, 95 of which are intensive care beds," Costache said.Interior ...

XTB Analysis: Economic slowing down in Italy may affect certain economic sectors in Romania

Wednesday, February 26, 2020

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Connections between Romania and Italy are closer than with any other country which has recorded a significant number of corona virus cases, both from prospects of the flow of persons and from economic point of view, XTB analysts consider. The rapid evolution of the epidemic in Italy is a worrying situation, investors and economic actors trying to evaluate it while getting ready for it. “On one hand, a slowing down of economy in Italy, even if ...

General consolidated budget deficit - 0.04pct of GDP in January

Wednesday, February 26, 2020

  The execution of the general consolidated budget ended with a 460,000 million lei deficit (0.04 per cent of the GDP), in January, according to the data sent on Tuesday by the Ministry of Public Finance (MFP).In January 2019, a surplus of 700 million lei was recorded, 0.07 per cent of the GDP, respectively."Compared with the surplus recorded in the same month last year, the deficit in January 2020 is mainly due to the increase in VAT refunds by ...

Romania's banking system posts 6.392bn lei in 2019 net profits, down 7.2pct from 2018

Wednesday, February 26, 2020

Romania's banking system turned a net profit of 6.392 billion lei in 2019, down 7.2pct from end- 2018, when it reported 6.892 billion lei, while its total assets in net value amounted to 495.3 billion lei, according to data with the National Bank of Romania (BNR) . BNR data show that 24 out of 34 banks turned a profit in 2019, and 10 were in red.Interest income amounted to 18.817 billion lei, and commission income was 4.161 billion lei. Interest expenses totalled ...

BNR: Deposits of non-government resident customers decrease in January by 0.9pct

Wednesday, February 26, 2020

The deposits of non-government resident customers decreased in January 2020 by 0.9pct compared to December 2019, to the level of 364.541 billion lei and increased by 10.0pct (6.2pct in real terms) compared to January 2019, informs the National Bank of Romania (BNR) in a release issued on Tuesday .RON-denominated household deposits increased by 0.4pct compared to December 2019, to 131.603 billion lei, and compared with January 2019 these rose by 8.9pct (5.1pct in ...

Non-government loans inch up 0.8 pct this January

Wednesday, February 26, 2020

Loans granted by credit institutions to the non-government sector were 0.8 pct higher (+0.4 pct in real terms) this January compared to December 2019, at 269.646 billion RON, the National Bank of Romania (BNR) said in a release on Tuesday.RON-denominated loans accounted for 67.6 pct of the total, up 0.2 pct (-0.2 pct in real terms), and foreign currency-denominated loans expressed in domestic RON advanced by 1.9 percent (expressed in EUR, the increase was equally ...

CFA: Confidence indicator in evolution of Romanian economy went up in January

Wednesday, February 26, 2020

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The macroeconomic confidence indicator of CFA Romania, calculated based on estimates of organization members, went up in January compared to the previous month, because of the anticipation growth of the indicator, according to data released by CFA Romania on Tuesday. At the same time, about 85% of participants anticipate an exchange rate of over 4,89 lei/euro in the next 12 months. In January 2020, the Macroeconomic Confidence Indicator of CFA Romania ...

CSAT to hold meeting on Wednesday on coronavirus

Tuesday, February 25, 2020

President Klaus Iohannis has announced his decision to hold a meeting of Romania's Supreme Council for National Defence (CSAT) on Wednesday on the coronavirus topic."We have no registered case of coronavirus so far, but we must be prepared, in case of a negative development. So I have decided to call a CSAT meeting on Wednesday, 2.00 pm, for a briefing on the concrete measures regarding the monitoring and management of the possible cases of infection with the new ...

Official: No confirmed case of COVID-19 in Romania

Tuesday, February 25, 2020

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Head of the Romanian Microbiology Society Alexandru Rafila has underscored on Monday that there are no confirmed cases of coronavirus (COVID-19) in Romania. According to medical sources, in the special quarantine centres there are currently six persons, who came from the Diamond Princess cruise ship.The Control Body of the Health Ministry (MS) will verify whether all the public health directorates are ensuring the prevention procedures round the clock at all ...

COVID-19: EU working on all fronts, €232 million for global efforts to tackle outbreak

Tuesday, February 25, 2020

The European Commission is working around the clock to support EU Member States and strengthen international efforts to slow the spread of COVID-19.  New EU aid package To boost global preparedness, prevention and containment of the virus the Commission announces today a new aid package worth €232 million. Part of these funds will ...

Court rules nominating prime minister candidate must secure parliamentary majority for new gov't

Tuesday, February 25, 2020

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The Constitutional Court of Romania (CCR) ruled on Monday that there is a legal conflict between President Klaus Iohannis and Parliament regarding the appointment of National Liberal Party (PNL) leader Ludovic Orban as prime minister. CCR found, in accordance with its Decision No.80/2014, that the nomination of the candidate for the position of prime minister must aim to ensure the coalescing of a parliamentary majority in order to form a new ...

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