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GROSS DOMESTIC PRODUCT IN Q1 2019 WAS, IN REAL TERMS, BY 1.3%1 HIGHER, AS COMPARED TO Q4 2018

Friday, June 7, 2019

- As against the same quarter of 2018, the Gross Domestic Product recorded an increase by 5.0% for the unadjusted series and by 5.1% for the seasonally adjusted series; - The seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the revision of the estimates for Q1 2019, differences being recorded as compared to the version published in the Press release no. 123 of May 15, ...

Eurostat: In the EU28, GDP up by 0.5% and employment by 0.3%

Friday, June 7, 2019

GDP growth in the euro area and EU28 Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2019, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2018, GDP had grown by 0.2% in the euro area and by 0.3% in the EU28. Compared with the same ...

Study Best Jobs: the companies have registered in May 10% more job applications

Friday, June 7, 2019

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In May, the candidates were more preoccupied with the change of job than in the previous month, according to a study BestJobs, which shows that both the total volume of job search and the total volume of applications have increased by 12.8% and 10% respectively as compared to the month of April this year, and the most wanted jobs wee accountancy, transport and engineering. Moreover, the most wanted jobs on the BestJobs platform continues to be such ...

IN 2018, THE TOTAL MONTHLY AVERAGE INCOME OF THE POPULATION PER HOUSEHOLD WAS 4251 LEI

Friday, June 7, 2019

The total monthly average income was, in nominal terms, 4251 lei per household and 1631 lei per person in 2018. In 2018, the total monthly average expenditure of the population was 3667 lei per household (1407 lei per person), accounting for 86.2% of the total income.  More than half of the population's spending (56.5 pct) was allocated last year for consumption, ...

Annual losses caused by counterfeiting and piracy estimated at 5.5 billion lei in Romania

Friday, June 7, 2019

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In Romania, annual losses caused by counterfeiting and piracy are estimated at 5.5 billion lei, the equivalent of  17.2% of sales in 11 commercial sectors, EUIPO (European Union Intellectual Property Office) informs. A new EUIPO estimate places annual losses caused by counterfeiting and piracy in 11 major economic sectors in EU at the level of 269 billion lei annually. This updated analysis estimates global losses of 7.4% of overall sales in the ...

Romarm will sign memorandum with Italian arms manufacturer Beretta

Friday, June 7, 2019

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Plopeni Mechanical Works, Romarm branch, will sign on next Monday, at the Ministry of Economy, a memorandum with the Italian arms manufacturer Beretta Holding, the ministry announced in  an invitation sent to the press. The economy minister, Nicolae Badalau, will participate in the event. Badalau declared in January that the Romanian defense industry would manufacture a new, state of the art assault weapon in collaboration ...

“Namaste India” Festival in Bucharest, over June 8-9, 2019

Friday, June 7, 2019

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On June 8 and 9, 2019, the 11th edition f Namaste India Festival bring to Bucharest, aromas, colors and charm of an Indian summer. Organized under the high patronage of the Indian Embassy to Romania, by Rabindranath Tagore Cultural Center Association the event will take place at University House between 9 a.m and 8 p.m. For two days, people are invited to discover important aspects in Gandhi's life and listen to travel stories, to read translations ...

Klaus Iohannis is attending the Three Seas Initiative Summit, Ljubljana

Thursday, June 6, 2019

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President Klaus Iohannis emphasized on Wednesday the importance of the actual implementation of the projects launched at the Three Seas Initiative Summit that took place last year in Bucharest and indicated that the BRUA gas pipeline could be one of the steps through which Romania can become a regional security provider in the region."The Three Seas Initiative Summit has grown to maturity and I believe that we have a lot of concrete things to discuss today and ...

EU praises Romanian U-turn on controversial reforms

Thursday, June 6, 2019

The European Commission on Tuesday (4 June) welcomed Romania’s pledge to renounce controversial judicial reforms that had triggered strong criticism and threats of sanctions from Brussels, euractiv.com reads Romanian Prime Minister Viorica Dancila was received in Brussels by the head of the European Commission Jean-Claude Juncker and his number two, vice president Frans Timmermans. The two EU officials welcomed the ...

European Semester 2019 Spring Package: The Commission is sending a warning to Romania about the significant deviation found in 2018

Thursday, June 6, 2019

The European Commission has issued on Wednesday a recommendation to the Council, a report on the situation in each EU country. Hungary and Romania have been subject ...

Iohannis: I am inviting parliamentary parties to sign political pact for European Romania

Thursday, June 6, 2019

President Klaus Iohannis on Wednesday announced he invited the parliamentary parties to sign a national agreement for a European Romania."I found that there is a wide convergence. The wide majority of parties agreed that the results of this referendum must be implemented as the people voted, that Romania's European path must be consolidated. Consequently, in order to properly capitalise on this vote and consultations, I have decided to invite the parliamentary ...

AEP prepares changes for presidential elections: vote by correspondence and anticipated vote

Thursday, June 6, 2019

Romanians might vote in advance throughout seven days or by postal vote during the presidential election at the end of this year. The Permanent Electoral Authority (AEP) will present an emergency ordinance draft to included these amendments to the Government next week. AEP President, Constantin-Florin Mitule?u-Buica argued that simplification of the procedures across polling stations abroad is also considered. The vote in ...

MEP Siegfried Muresan was elected vice-president of the EPP Group in the European Parliament

Thursday, June 6, 2019

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Liberal Siegfried Muresan has been elected Vice-Chairman of the European People’s Party (EPP) Group in the European Parliament on Wednesday. The Romanian MEP won the vote of 141 ...

Romania and the Republic of Serbia, a new agreement for cooperation in the domain of sustainable management of transborderly waters

Thursday, June 6, 2019

The ministry of waters and forests, Ioan Denes and the minister of agriculture, forestry and waters management in the Republic of Serbia Branislav Nedimovic, signed on Wednesday a new agreement between the government of Romania and the government of the Republic of Serbia regarding cooperation in the domain of sustainable management  of transborderly waters at the event being present the ambassador of the Republic of Serbia in Romania, Branko ...

BNR report: the risks at the address of financial stability are growing

Thursday, June 6, 2019

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The tensions of macro-economic domestic balance and regarding the legislative framework which is uncertain and impredictable in the domain of finances represent the main risks at the address of financial stability together with the deterioration of the trust of investors in the emerging economies according to the report on the financial stability published on Wednesday   by the National Bank of Romania (BNR). The risk regarding the tension of ...

Isarescu: Major systemic risk is linked to strain on Romania's macroeconomic balance

Thursday, June 6, 2019

The major systemic risk has to do with the strain on Romania's macroeconomic balance, and the solution is to gradually reduce the budget deficit towards achieving the Medium-Term Objective (MTO), as well as speeding up structural reforms, governor of Romania's National Bank (BNR) Mugur Isarescu on Wednesday told the conference on the presentation of the Financial Stability Report."The major systemic risk is related to the strain on Romania's macroeconomic balance. ...

Banks' lending standards tighten significantly in Q1 2019

Thursday, June 6, 2019

Lending standards tightened significantly in Q1 2019 for both property purchase loans and consumer loans, reveals a survey conducted by the National Bank of Romania (BNR) on lending to non-financial companies and to the population.According to the survey, the banks kept their lending standards for non-financial companies unchanged as compared to the previous quarter.Credit institutions anticipate that in Q2 2019 lending standards will get marginally ...

EY’s European Attractiveness Study: FDI in Europe sees first decline in six years

Thursday, June 6, 2019

Foreign direct investment (FDI) in Europe has fallen by 4 percent in the past year to 6,356 projects, marking the first decline of the past six years, according to EY’s European Attractiveness Study. Despite the drop recorded this year, FDI remains at the second highest level since the first edition of EY’s study in 2000. However, investors are rather pessimistic, as only 37 percent of companies included in the study expect an improvement ...

Global Economic Prospects: World Bank estimate a GDP growth rate of 3.6 percent in Romania în 2019

Thursday, June 6, 2019

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The economic growth in Romania will slow down below 4 percent in Romania in 2019 and in the next two years due to weakening domestic demand, challenging external factors and shrinking working-age population, according to “Global Economic Prospects” report released by the World Bank. World Bank’s experts estimate a GDP growth rate of 3.6 percent in Romania this year, compared to 4.1 percent in 2018. In the next couple of years, GDP ...

Statistics: Jan - April retail turnover up 8.1 pct YoY

Thursday, June 6, 2019

Compared to the previous month, in April 2019 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 3.6% and decreased as adjusted series according to the number of working days and to seasonality by 0.2%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased ...

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