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BNR affirms its monetary policy rate 7pct per annum

Friday, April 5, 2024

At a meeting on 4 April 2024, the board of the National Bank of Romania (BNR) decided to keep the bank's monetary policy rate at 7.00% per annum, the bank reported on Thursday.The BNR board also decided to leave unchanged the lending (Lombard) facility rate at 8.00% per annum and the deposit facility rate at 6.00% per annum, and also to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of ...

Europe's largest agricultural produce transshipment terminal set up under EUR10 million project

Friday, April 5, 2024

  Grampet Group has announced the completion and start of tests for the largest transshipment terminal for agricultural produce in Europe, set up under a project worth EUR 10 million.Located at Dornesti, Suceava County, at the border with Ukraine, the new terminal is said to mark a new chapter in Grampet Group's efforts to modernise and streamline the railway infrastructure in the region and to support the reconstruction of ...

ResearchMin Ivan: Made in Romania drone project will be based on an integrated vision

Friday, April 5, 2024

Minister of Research, Innovation and Digital Transformation Bogdan Ivan said on Thursday that the project for the manufacture of drones in Romania will be based on an integrated vision, and soon he will have a meeting with the economy minister and the defence minister to discuss this subject.He was asked at a news conference at the Government House if he had discussions with the economy minister regarding the release for production of a made in Romanian ...

Romania ranks 17th in top destinations for foreign direct investment inflows to emerging markets

Friday, April 5, 2024

 Romania ranked 17th in the ranking of foreign direct investment (FDI) inflows to emerging markets, according to the Direct Investment Confidence Index.The document analyses confidence about future foreign direct investment flows and was published Thursday by the Global Business Policy Council, the strategic service of management consulting firm Kearney.The authors of the report point out that although Romania is not among the top 25 ...

European Council President Charles Michel, welcomed at Cotroceni Presidential Palace

Thursday, April 4, 2024

European Council President Charles Michel was welcomed on Wednesday at the Cotroceni Presidential Palace by President Klaus Iohannis, and the two officials will hold a working meeting dedicated to the preparation of the future Strategic Agenda of the European Union.Prior to this meeting, which will also be attended by the Prime Ministers of Belgium, Hungary and Croatia, President Klaus Iohannis and the president of the European Council will have face-to-face ...

President Iohannis: Romania is deeply committed to advancing all EU's priorities for the period 2024-2029

Thursday, April 4, 2024

President Klaus Iohannis on Wednesday said Romania is deeply committed to advancing all the European Union's priorities for the period 2024-2029 and that the country can contribute significantly to this process.President Klaus Iohannis and European Council President Charles Michel will hold a working meeting on Wednesday at the Cotroceni Presidential Palace dedicated to the preparation of the future Strategic Agenda of the European Union, which will be ...

Iohannis on running for NATO secretary general: I do not intend to withdraw or negotiate something else

Thursday, April 4, 2024

President Klaus Iohannis said on Wednesday that he does not intend to withdraw from the race for NATO secretary general, considering that his chances are "reasonable.""I have no intention of withdrawing or negotiating something else. I'm focusing on NATO, and yes, there are some public statements. Moreover, I consider that my chances are reasonable," Iohannis said at the Cotroceni Presidential Palace after meeting European Council President Charles ...

Marcel Ciolacu had a meeting, at the Victoria Palace, with his Hungarian counterpart Viktor Orban

Thursday, April 4, 2024

The Governments of Romania and Hungary share a common interest in the development of the East-West transport infrastructure, prime minister Marcel Ciolacu said on Wednesday, after the meeting he had on Wednesday, at the Victoria Palace, with his Hungarian counterpart Viktor Orban."Fruitful discussion in Bucharest with PM Viktor Orban about the priorities of Hungary's upcoming future presidency of Council of the EU. Our Governments share a common interest in ...

Nicolae Ciuca started an official visit to Prague at the invitation of his Czech counterpart, Milos Vystrcil

Thursday, April 4, 2024

  The president of the Senate, Nicolae Ciuca, highlighted, on Wednesday, in the meeting with the head of the Czech state, Petr Pavel, that the relations between the two states would remain at least as good as until now and that " commitment" for a stronger and safer Europe would remain unwavering."I was happy to see again today, in Prague, the president of the Czech Republic, Petr Pavel - an old friend, from the times when we both served our ...

Mircea Geoana: Romania has a vocation for playing a multiregional part in NATO

Thursday, April 4, 2024

Romania's history in NATO is an odyssey spanning several decades and the country has a vocation for playing a multiregional part inside the North Atlantic Alliance, NATO Deputy Secretary General Mircea Geoana recently said in an interview with AGERPRES.He recalls having participated in all stages of preparation for Romania's accession to NATO and talks about Romania's weaknesses and strengths before accession, two decades ago."Our dictatorship ...

PM Marcle Ciolacu welcomed the US Special Representative for Ukraine's Economic Recovery at the Palace Victoria

Thursday, April 4, 2024

Prime Minister Marcel Ciolacu discussed on Wednesday, at Palace Victoria(the Government House), with the United States Special Representative for Ukraine's Economic Recovery Penny Pritzker the part that Romania can play in the recovery and reconstruction of Ukraine envisaged at international level after the war triggered by Russia ends."We are at a stage of identifying the most efficient methods of support and translating them into an integrated strategy for ...

Ambassador Kathleen Kavalec at the Economist Romanian Business and Investment Summit

Thursday, April 4, 2024

By U.S. Mission Romania      Prime Minister Ciolacu,Ministers,Ladies ...

MApN: Project on the establishment of the National Integrated Management System for Crisis Situations

Thursday, April 4, 2024

The Ministry of National Defence (MApN) placed under public debate the draft law regarding the National Integrated Management System for Crisis Situations (SNMISC) which has as purpose, among others, the preparation of the institutions with responsibilities in the domain and national decision-making authorities for action and decision in situations of crisis.According to the statement of reasons, the action has in view to setting up ...

 The development strategy of the national defence industry is in the works

Thursday, April 4, 2024

  The development strategy of the national defence industry is in the works, and we will send it to the advisory institutions, said on Wednesday in the Senate, the minister of economy, entrepreneurship and tourism, Stefan-Radu Oprea.According to him, on the basis of this strategy, efforts are made for the 22 companies with state ...

Study: Young people, undecided and little interested in politics

Thursday, April 4, 2024

  George Simion’s party, AUR, ranks first with 16% in the preferences of young people between 18 and 35 years old, for the parliamentary elections. USR and PNL follow, tied with 14%, PSD 12% and S.O.S. Romania, led by Diana ...

Commission opens two in-depth investigations under the FSR în the solar photovoltaic sector în Romania

Thursday, April 4, 2024

The Commission launched two in-depth investigations under the Foreign Subsidies Regulation (FSR). The investigations relate to the potentially market distortive role of foreign subsidies given to ...

BNR, interested in drawing up in-depth economic studies on developments in construction field

Thursday, April 4, 2024

The situation in the construction sector can be considered an important indicator of the general economic state of the country, and the National Bank of Romania (BNR) is interested in drawing up in-depth economic studies and analyzes about the developments in this field, the governor of the National Bank of Romania, Mugur Isarescu said on Wednesday."The field of construction, as a whole, now represents in Romania a major component of economic growth. ...

FinMin Bolos: The deficit of 2.5% of GDP will not be exceeded at the end of March

Thursday, April 4, 2024

The highest impact on the budgetary deficit at the end of February had expenses with national defence, stated, on Wednesday the minister of finances, Marcel Bolos, mentioning that the budgetary deficit at the end of March will not surpass 2.5% of GDP.‘The highest impact on budgetary deficit at the end of February was due to expenses with national defence. We had contracts with due dates ...

Seasonally adjusted unemployment rate falls slightly, to 5.6 pct, in February

Thursday, April 4, 2024

 The unemployment rate in seasonally adjusted form decreased slightly, to 5.6%, in February this year, compared to the previous month, but the unemployment rate among young people (15-24 years) continues to have a high level of 22,1%, according to the data sent on Wednesday by the National Institute of Statistics (INS).The unemployment rate for men was 0.8 percentage points higher than for women, the respective values being 6% for men and 5.2% for ...

Klaus Iohannis and Charles Michel to host working meeting dedicated to preparation of future EU Strategic Agenda

Wednesday, April 3, 2024

  President Klaus Iohannis will host a working meeting on Wednesday at the Cotroceni Presidential Palace alongside the European Council president, Charles Michel, dedicated to the preparation of the future Strategic Agenda of the European Union, the Presidential Administration announced.According to a press release sent on Tuesday, the prime ministers of Belgium, Hungary and Croatia will also attend the meeting."The consultations ...

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