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BNR: Net foreign direct investment flow - 5.26 billion euro in 2018

Tuesday, October 1, 2019


The net foreign direct investment flow in 2018 recorded the value of 5.266 billion euro, of which 5.546 billion euro were participations to own capital, the National Bank of Romania (BNR) informs in a release sent on Monday .BNR mentions that the level results from the adding up of contributions to the capital of FDI companies, totaling 2.973 billion euro, and the reinvested profits of FDI companies, totaling 2.573 billion euro.The net credit from ...

Agriculture, IT - main segments that can attract new technologies to Romania

Tuesday, October 1, 2019

 Agriculture and IT are the main segments that can attract new technologies to Romania, Adrian Negrescu, general manager of Frames consulting company, said on Monday. "The survey we have done found that there is a great emphasis on agriculture. Romania has, from this point of view, a greater potential compared to other countries in the region because it has the land that allows it to operate and to implement this technology very quickly. So, agriculture ...

Romania occupies the fourth place in the EU as regards the dimension of the hidden economy

Tuesday, October 1, 2019


The main reason the informal economy exists is the non-payment of taxes, stated Ionut Dumitru, the head economist of Raiffeisen Bank and former chairman of the Fiscal Council, according to Business Magazin.  ‘There si another factor connected to the non-conformity with regulations, the authorizations and so on. You have  a business in the formal economy but you don’t’ get authorization, to pay certain taxes. The main reason ...

Over 13.5 million people connected to public water supply network in 2018

Tuesday, October 1, 2019

The population connected to the public water supply system accounted for 69.4% of Romania’s resident population in 2018. 98.7% of the urban resident population and 35.3% of the country’s rural resident population were connected to the public water supply system. In 2018, the population connected to the public water supply network accounted to 13.51 million ...

Residential building permits, down 2.3pct in Romania, Jan.-Aug. 2019

Tuesday, October 1, 2019

In August 2019, 3766 construction permits were released for residential buildings, a 10.9% decrease compared to July 2019 and a 7.2% fall compared to August 2018. In the 1.I-31.VIII.2019 period, 28336 construction permits were released for residential buildings, 2.3% less than in the same period of the previous year. Residential building permits in Romania in the first ...

Statistics: Romania's exploited wood volume up 8.9pct in 2018

Tuesday, October 1, 2019

In 2018, the economic operators certified for logging reported a volume of wood removed by 8.9% bigger than in 2017. Compared to 2017, an increase by 8.8% of removed round wood volume was recorded in 2018. The economic operators certified for logging reported a volume of wood removed by 8.9 percent higher in 2018, compared to 2017, when the removed round wood volume ...

Unemployment in Romania declined 0.1pct in August 2109

Tuesday, October 1, 2019

Unemployment rate in August 2019 decreasead with 0.1 percentages points as compared to the previous month (3.9%). Men’s unemployment rate was higher than that of women with 1.1 percentages points. Unemployment in Romania declined 0.1pct in August 2109 on a monthly basis, down to 3.8pct, with over three quarters of the unemployed falling in the 25-74 year category, ...

The European Parliament's legal committee decides on the conflict of interests in the case of Rovana Plumb on Monday

Monday, September 30, 2019


Prime Minister Viorica Dancila on Saturday said Rovana Plumb, whom she proposed for the office of European Commissioner representing Romania, still has her unconditional support."Regardless of what has happened in the past few days - both the vote in the European Parliament and especially the reactions at home - I still continue to appreciated and trust Rovana Plumb. She still has my unconditional support," Dancila wrote on her Facebook page.The PM ...

PNL :The censure motion will be filed Tuesday; 8th or 9th October the present government could be dismissed

Monday, September 30, 2019

Liberal (PNL – opposition) deputy Ioan Cupsa stated on Friday that the censure motion initiated by PNL against the Dancila government will be lodged on Tuesday  1 October so that on 8th and 9th October the present government be dismissed.‘We have to  mention the fact that those who signed this censure motion – there are 237 MPs – made a written agreement, practically. An agreement which they assumed to the citizens of Romania, not ...

How Social Democratic Party leader explains Romanian PM Dancila's failure to meet US Vice President Pence

Monday, September 30, 2019

A top official of the governing Social Democrats has said that the visit paid by Romanian PM Viorica Dancila to the United States should not be taken lightly and that the delegation there fulfilled its mission. That is, despite missing the most important moment on the agenda - meeting US Vice President Mike Pence.According to hotnews.ro, Mihai Fifor, secretary general of the PSD, said that a postponement of the Dancila-Pence meeting was due to issues related to ...

Fourteen presidential bids officially final

Monday, September 30, 2019


  The Central Electoral Bureau (BEC) on Friday reported that 14 presidential bids and electoral logos submitted by political parties, electoral alliances, citizens' organisations belonging to national minorities and independent candidates are now final.According to BEC, the final candidates in the election for the president of Romania are: Viorel Catarama - the Liberal Right; Viorica Dancila - the Social Democratic Party; Theodor ...

Survey regarding the presidential elections 2019: Klaus Iohannis first, Viorica Dancila, second

Monday, September 30, 2019

A survey made by Socio-Data, between 16-20 September 2019, shows the preferences of the electorate with regards to the presidential elections. Thus, Klaus Iohannis is the first, with 40%,dropping from last week, second is Viorica Dancila – 19% and third Mircea Diaconu – 16%. When asked ‘ If next Sunday there were parliamentary elections and the following parties or alliances would run, what party would you vote for?’ the survey ...

Eight presidential candidates earn more than Romania’s president

Monday, September 30, 2019

Eight of Romanian president Klaus Iohannis’ challengers to the presidential seat made more money than the president himself in 2018, Romania-Insider.com has calculated based on the wealth statements submitted by the 14 presidential candidates to the Central Electoral Bureau (BEC). Businessman Viorel Catarama, who owns local furniture retailer Elvila, was the top earner of the group last year. He made RON 1.67 million (over EUR ...

US Senate endorses new ambassador to Romania

Monday, September 30, 2019

US Senate’s Committee on Foreign Affairs issued a positive opinion for Adrian Zuckerman to become the new ambassador of the United States in ...

Romania, to organise in 2020, ministerial meeting of Community of Democracies

Monday, September 30, 2019

The Minister of Foreign Affairs, Ramona Manescu, announced, in New York, the organization in Romania, in June 2020, of a ministerial meeting of the Community of Democracies, to mark 20 years since the signing of the prestigious forum's founding document - The Warsaw Declaration, reads a press release sent by the Ministry of Foreign Affairs (MAE) on Friday.Foreign Affairs Minister Manescu attended on Thursday the extraordinary meeting of the Governing Council (GC) ...

FTSE Russell announces results of FTSE Annual Country Classification Review

Monday, September 30, 2019


China A-shares remain on Watch List for future inclusion as a Secondary Emerging market ? Argentina, Nigeria and Romania join Watch List for possible reclassification ? FTSE Russell provides progress update on current Watch List countries Poland, Kuwait, Saudi Arabia, Kazakhstan & Mongolia FTSE Russell, the global index ...

BVB's Anghel: Benefits of stock exchange's promotion to emerging market status to be seen in 3-7 years

Monday, September 30, 2019

Benefits of the promotion of the Bucharest Stock Exchange (BVB) to the emerging market status not to be seen on September 26 2020, when the new indexes calculated depending on the FTSE Russells are coming into force, but in the next 3-7 years, President of the Bucharest Stock Exchange (BVB) Lucian Anghel stated on Friday. "The benefits won't be seen tomorrow and they won't be seen on September 26 2020, when the new indexes calculated based on the FTSE Russell ...

Princess Maria and Ambassador Ramis visit Residential Center for Mothers and Children in Difficulty

Monday, September 30, 2019


Princess Maria of Romania and France's Ambassador to Romania Michele Ramis paid a visit on Friday evening to the Residential Center for Mothers and Children in Difficulty - the Hecuba Foundation, saying they were impressed by the fact that there are such structures which protect vulnerable people.'I was very impressed with this center. It seems to me that this it is a very important place. This topic is closer to my heart," Princess Maria stated.At the ...

General Ciuca, US Marine Corps commandant discuss Black Sea security

Monday, September 30, 2019

Romania's Chief of the Defence Staff (SMA), General Nicolae-Ionel Ciuca on Thursday met Commandant of the United States Marine Corps David H. Berger, according to a press statement released by SMA on Friday.According to SMA, the meeting, which took place at the Washington Command, also x-rayed the security context in the Black Sea region."The SMA chief thanked for the benefits obtained from the presence of the US marine corps in the Black Sea Rotation ...

French Embassy in Bucharest opens an online book of condolences for Jacques Chirac

Monday, September 30, 2019

The French Embassy in Bucharest opens an online book of condolences, on its own website, for those who want to pay homage to the former president of the Republic, Jacques Chirac."France is mourning the death of Jacques Chirac, a statesman, a great European and a friend of Romania, a country he visited many times, especially on the occasion of the 2007 Francophony Summit," shows the Facebook page of the diplomatic mission.On the occasion of the day of ...

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