Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS



Govt. postpones minimum wage increase

Tuesday, November 27, 2018


The minimum wage increase in Romania will be postponed because the government hasn’t managed to get all the necessary approvals to adopt the government decision in this sense. The minimum wage will thus probably increase starting January 1, 2019 instead of December 1, 2018, ...

CFA report: Macroeconomic confidence index drops 2.1 points in October

Tuesday, November 27, 2018

CFA Romania's Macroeconomic Confidence Index decreased by 2.1 points in October compared with the previous month, to 48.4 points, but it was up 5 points over the October 2017 index.According to a CFA Romania press release, this development was the result of negative changes in the expectations component of the index.Thus, the current conditions indicator increased marginally on a monthly basis by 0.3 points, to 62.5 points; compared with the same month ...

ANM: Weather turns cold, snowfall and frost expected

Tuesday, November 27, 2018

The temperatures will be below the multiannual average for this period in the next weeks, until December 17, with the level of precipitations exceeding the average in the first part, the National Meteorology Administration (ANM) informs on Monday. In the coming days sleet, snowfall and glazed frost are expected. On Wednesday, the weather will become much colder throughout the country, with highs of -4 degrees Celsius in northern ...

Iohannis: the Brexit withdrawal agreement is the best possible

Monday, November 26, 2018


 President Klaus Iohannis attended on Sunday the special meeting of the European Council (Art.50) in Brussels, the Presidential Administration informs. The purpose of this extraordinary meeting was to endorse the draft Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union.The members of the European Council also discussed the Political Declaration on Future Relationship between the EU and the UK. ...

Consecration ceremony of People's Salvation Cathedral

Monday, November 26, 2018


Approximately 30,000 people and 2,000 guests attended on Sunday morning the consecration ceremony of the People's Salvation Cathedral, in Bucharest. Prime Minister Viorica Dancila, head of the Constitutional Court Valter Dorneanu and numerous political and cultural figures were among the officials who participated in the consecration. Many of the people who attended the ceremony which was held on the plateau in front of the People's Salvation Cathedral came ...

President Iohannis starts today an official visit to France

Monday, November 26, 2018

President Klaus Iohannis has postponed his official visit to France scheduled for Monday and Tuesday to be able to participate in the solemn sitting of Parliament dedicated to the celebration of the Greater Union Centennial, according to the Presidential Administration."Taking into account that on Wednesday, November 28, the solemn joint sitting of the Deputies' Chamber and the Senate will be held, which is dedicated to the celebration of the Greater Union ...

German official : Attacks against German minority in Romania has reached an unacceptable level

Monday, November 26, 2018


German senior federal official responsible for immigration and minorities Bernd Fabritius said on Friday that the attacks against the German national minority of Romania has reached an unacceptable level, adding that "due to the density of these attacks," the Council of Europe could "decide on special monitoring.""I am very pleased to learn that Romania has a system of protection for national minorities that is exemplary in Europe, but it is very sad to see that ...

Opposition wants to table no-confidence motion in the current parliamentary session

Monday, November 26, 2018

The National Liberal Party (PNL - opposition) is negotiating with MPs of the Social Democratic Party (PSD ) MPs, and also with other political parties to support a no-confidence vote, PNL national leader Ludovic Orban said on Saturday."Assiduous negotiations are underway. Everyone needs to know that for the success of the motion 67 more MPs have to vote for. We have not reached the number yet, we are still negotiating. We will certainly table the motion in the ...

Court of Appeals cancels random draw of five-judge panels

Monday, November 26, 2018

The Bucharest Court of Appeals (CAB) on Friday decided to cancel the ruling of the Managing Council of the High Court of Cassation and Justice (ICCJ) of November 8, based on which the new five-judge panels were randomly drawn, so that this decision will no longer generate effect. The Court of Appeals admitted the challenge filed by Chairman of the Social Democratic Party (PSD) Liviu Dragnea, against the manner in which the five-judge panels were randomly ...

Memorandum adopted on monitoring implementation of projects approved at Three Seas Initiative Summit

Monday, November 26, 2018

The Government adopted on the sitting on Friday a memorandum on the setting up of an working group to monitor and coordinate the implementation of projects approved at the Three Seas Initiatives Summit in Bucharest, under the coordination of Deputy PM Ana Birchall, with PM Viorica Dancila to be periodically informed.According to an announcement published on Facebook by Ana Birchall, the Three Seas Initiatives Summit in Bucharest represented "a benchmark, as this ...

Government approved the second budget revision of 2018

Monday, November 26, 2018


The Government approved on Friday the second budget revision of 2018, and compared with the initial provisions there are now 9.5 billion lei in additional revenue and 10.7 billion lei in additional outlays, said Minister of Public Finance Eugen Teodorovici said at the Government House on Friday."Budget revisions are made to reconcile economic realities with public finances. We started from an initial budget built on certain macroeconomic assumptions and we honour ...

OECD:Romania allocates the least money for health at the level of the EU

Monday, November 26, 2018


Romania is the last in the ranking in the EU as regards the budget allocated for health in 2017, according to a report published by the Organisation for Cooperation and Economic Development (OECD). According to the data published in the report ‘Health at a Glance:Europe2018’ Romania allocated in 2017 5.1% of GDP for health, the lowest percentage in the EU. The average recorded at the level of the community bloc is 9.6% the highest budget ...

Cartel Alfa : Transfer of contributions from employer to employee, social dumping measure with perverse effects

Monday, November 26, 2018

 The transfer of contributions from employer to employee starting 1 January, 2018 is a social dumping measure with perverse effects because it puts pressure on workers and they will want to leave when they see better conditions elsewhere, Bogdan Hossu, president of the Cartel Alfa National Trade Union Confederation, told a specialist conference on Friday."The European Social Charter requires that the nationwide ratio between the national minimum wage and the ...

Over 4.6 mln pensioners end-October, average pension amounts to 1,180 lei

Monday, November 26, 2018

A number of 4,686,309 pensioners was recorded end-October in Romania, with the average monthly pension standing at 1,180 lei (rd 253 euro), 109 lei over the one recorded in the similar period of last year, according to data released by the Public Pensions National House (CNPP).The number of those who retired at the age limit parked at 3,556,138, of whom 1,974,817 women, while the average pension stood at 1,340 lei.As many as 20,682 persons received ...

Half  of the Romanians cannot face unexpected  expenses

Monday, November 26, 2018


In Romania, more than half of the people cannot face an unexpected expense over the European average where a person out of three (33.9%) is in this situation in 2017, Eurostat shows.Out of the EU  member states the highest percentage of those who do not handle unexpected expenses was in Latvia (59.9%), Croatia (56.2%) and Bulgaria (53.2%). Romania is the fifth in the ranking after Greece with a share of 52% dropping ...

Europeans spend between 17 and 35 minutes per day on shopping and personal services

Monday, November 26, 2018


The time Europeans spend on shopping and personal services (like visiting a doctor or a hairdresser) ranges from 17 minutes per day in Romania to 35 minutes in Germany, according to a survey carried out in 15 EU countries between 2008 and 2015. The survey covered the age group 20 to 74. In Finland, 50.8% of the population surveyed said that they shopped or used personal services during the survey ...

President Iohannis: No change of ministers this week, reshuffle, to be analysed after National Day

Friday, November 23, 2018


President Klaus Iohannis announced on Thursday that this week will not bring any more minister changes and the new reshuffle proposal of the Social Democratic Party (PSD) will be analysed after the National Day."I have received today, two days after the gov't reshuffle, a proposal for a gov't reshuffle. This doesn't bode well. We've had PSD-ALDE governments for merely two years. (...) Things ...

Opposition: PSD cannot be defeated without coalition

Friday, November 23, 2018

Liberal Deputy Adriana Saftoiu said on Wednesday that the PSD (Social Democratic Party - at rule) will win next year's Europarliamentary elections, because the party's "machinery is still running", while Romania Together Movement (RO+) leader Dacian Ciolos said that Romanians need politicians to "inspire them not just that they can defeat PSD."The two participated in the debate "Opposition, ...

In Bucharest, Moldovan PM Filip says accession to the EU remains the only plan; efforts to be intensified

Friday, November 23, 2018


Moldovan Prime Minister Pavel Filip stated on Thursday in Bucharest that the accession to the European Union remains the only plan of his country and the efforts will be intensified in the context of Romania holding the Presidency of the Council of the EU in the first half of next year."I reiterated once again that the accession to the European Union remains our only plan and our efforts will ...

Commissioner Dimitris Avramopoulos had a meeting with PM Dancila at the Victoria Palace

Friday, November 23, 2018

Prime Minister Viorica Dancila met on Thursday with European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos, in the context of a visit that the European official pays to Bucharest, occasion on which the PM reconfirmed Romania's intention to continue, as the Presidency of the Council of the EU, the efforts regarding an efficient management and with long-term results of ...

Premium News


Friday, December 14, 2018

Financial & Banking

Monday, December 10, 2018


Tuesday, December 11, 2018


Wednesday, December 12, 2018

Energy & Environment

Thursday, December 13, 2018