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2021 budget will be presented to Parliament by the end of January

Monday, January 4, 2021

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Prime Minister Florin Citu said on Wednesday that next year's budget will be presented to Parliament by the end of January, and talks with ministers on the topic will begin next week."Next year's budget will be presented to Parliament at the end of January. We will start discussions on this topic with the ministers next week. We will go to the debate in Parliament with the budget. (...) I guarantee you that the pensions and allowances will increase next ...

Salaries and bonuses in the public sector to stay at the December 2020 level

Monday, January 4, 2021

Prime Minister Florin Citu on Wednesday said that the salaries and bonuses of the central and local public administration staff, including of those holding public offices, will remain at the level of December 2020 next year."Related to the ordinance initiated by the Ministry of Public Finance, this ordinance ensures a budget saving of almost 17.6 billion lei for 2021. In the first article: the salaries and bonuses of the central and local public ...

End-November budget deficit widens to 8 pct of GDP

Monday, January 4, 2021

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Romania's consolidated budget deficit widened to 8 percent of GDP at the end of November from 7 percent of GDP at the end of October, according to the report on the implementation of the general consolidated budget released by the Ministry of Finance.An amount equivalent to 4.16 percent of GDP was left in the economy to fight the COVID 19 pandemic."The implementation of the general consolidated budget over January - November 2020 registered a ...

Child allowance to hit 214 RON/month as of January

Monday, January 4, 2021

Children's allowances will increase by 20 pct from 1 January, so that the benefit for children between the ages of 2 and 18 will increase to 214 RON per month, the Minister of Labour and Social Protection, Raluca Turcan, said in a Facebook post on Thursday."Children's allowances will increase by 20 pct from 1 January 2021, according to the timetable set, just as promised. Children between 2 and 18 years old will receive 214 RON per month from January," ...

TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD DECEMBER 2020 – FEBRUARY 2021

Monday, January 4, 2021

? Decrease of activity in construction and services ? Moderate decrease in the number of employees in manufacturing and services ? Moderate price growth in manufacturing and retail trade   Manufacturing   Na?ional ...

Romanians will need a visa to be able to work and study in the United Kingdom as of January 1

Monday, January 4, 2021

Prime Minister Florin Citu announced on Wednesday that, from January 1, 2021, European citizens, including Romanians, will need a visa to be able to work and study in the United Kingdom, but the visa will not be necessary in case of short-term tourist trips."Brexit ends on December 31, which means that starting with January 1, 2021, the United Kingdom will have a third state status in relation to EU states, including Romania. There are a few things I want to ...

Unemployment rate rises to 3.32% in November

Monday, January 4, 2021

Unemployment rate registered at the national level 3,32% in November, with 0.05 percentage points more than the month of October and 0.34 percentage points higher than unemployment rate in November 2019, according to a press release sent by the National Agency for Occupying Work Force (ANOFM).The total number of unemployed people at the end of November 2020 was of 290,676 people, higher by 4,945 people as opposed to the number registered at the end of the ...

New Year's traditions and customs în Romania

Monday, January 4, 2021

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The passage to a new year has been accompanied since ancient times by customs and rituals that are being observed even to this date, particularly in Romanian villages.Reputed ethnologist Ion Ghinoiu, PhD, Professor and scientific secretary of the "Constantin Brailoiu" Institute of Ethnography and Folklore of the Romanian Academy, coordinator of the Romanian Ethnographic Atlas, writes in the volume "Romanian Holidays and Customs" (ELION Publishing House, ...

Merry Christmas and a Happy New Year!

Thursday, December 24, 2020

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We thank you for our great collaboration during this year and looking forward to a prosperous 2021!Next ACTMedia Bulletins on Monday, January 4th ...

Members of Citu Government take oath of office

Thursday, December 24, 2020

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The members of the Government led by Prime Minister Florin Citu have taken the oath of office, on Wednesday evening, in a ceremony at the Cotroceni Presidential Palace.The government led by Prime Minister Florin Citu was invested, on Wednesday, by Parliament. Voting "for" the list of ministers and the governing programme were 260 deputies and senators, while 186 voted "against".   The vote was ...

Ciolacu: PSD won't vote the Citu gov't, a still-born government

Thursday, December 24, 2020

The PSD (Social Democratic Party - opposition) will not vote for the Citu government, which "is already still born", the Social-democrat leader Marcel Ciolacu said in the Parliament's plenary meeting on Wednesday.He told the leader of the PNL (National Liberal Party, which proposed the PM, ed. n.), Ludovic Orban, that he had lost the general election and that the Romanians "sent the liberals home" because they "put the health, life, jobs and education of ...

Prime Minister Florin Citu held on Wednesday evening the first meeting of the new Cabinet

Thursday, December 24, 2020

Prime Minister Florin Citu announced on Wednesday evening, during the first meeting of the new Cabinet, that next week, on Wednesday, they will have their first government sitting and asked ministers to prepare a series of drafts to combat the negative effects generated by the pandemic and to support the business environment."This evening we won't have a government sitting. There are only a few things that we are to prepare for the next sitting, which will ...

Governing program: Establishing minimum wage will take into account productivity, inflation, economic growth

Thursday, December 24, 2020

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The Government intends to draw up a law that will regulate the gross minimum wage through a calculation formula, based on work productivity, inflation index and economic growth, according to the Governing program submitted on Wednesday in Parliament, by then PM-designate Florin Citu."Drawing up a draft regarding the principles of establishing gross minimum wage per country, taking into account: work productivity, inflation index and a correction coefficient ...

PM Citu: Budget draft will be ready in first part of next year; we aim at 7 pct budget deficit

Thursday, December 24, 2020

Prime Minister Florin Citu stated on Wednesday that the budget draft will be ready in the first part of next year, mentioning that the majority of details are "decided on" and that the budget deficit may stand around the value of 7 pct."The budget draft will be ready in the first part of next year. The majority of details are decided on. What we know very well is that we aim for a budget deficit of 7 pct or better, depending on how the discussions will ...

People who wish to vaccinate against COVID-19 can schedule an appointment online, by phone or family physician

Thursday, December 24, 2020

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People who wish to vaccinate themselves against COVID-19 can make an appointment online, via phone or through their family physician or through the means of social assistance from the local councils, according to an order approved on Wednesday, through which the norms regarding authorizing, organizing and the functionality of the vaccination centers against the novel coronavirus, was established.According to a press release sent by the National Committee of ...

National Centre for Storage of anti-COVID-19 vaccines, fully authorised and endorsed by select authority

Thursday, December 24, 2020

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The National Vaccine Storage Centre against COVID-19 of the "Cantacuzino" Institute is fully authorized and endorsed by the Romanian National Medicines and Medical Devices Agency (ANMDMR), after obtaining the wholesale distribution authorization.According to a press release sent on Wednesday by the National Committee for the Coordination of Activities on Vaccination against COVID-19, this authorisation is issued for the distribution of medicines with ...

Ministry of Development inks 60 financing contracts with Republic of Moldova, worth EUR 58.7 M

Thursday, December 24, 2020

Ministry of Public Works, Development and Administration (MLPDA) on Wednesday announced it has inked 60 financing contracts with the Republic of Moldova, worth over EUR 58.7 million, within a bilateral programme on the two countries' border region."At the end of 2020, the Management Authority of the Joint Operational Programme Romania-Republic of Moldova 2014-2020 has in implementation 60 financing contracts (4 large infrastructure projects, 53 SOFT ...

CFA's Macroeconomic Confidence Indicator, up 12.5 points in November

Thursday, December 24, 2020

The Macroeconomic Confidence Indicator of the CFA Romania Association increased in November compared to the previous month by 12.5 points, to the value of 44.5 points, according to a release sent on Wednesday.Compared to the same month of the previous year, the indicator decreased by 12.4 points.This evolution was due to both components of the Indicator.Thus, the current conditions indicator increased compared to the previous month by ...

Analysis: 2021 will be an optimistic year on the stock exchange markets

Thursday, December 24, 2020

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2021 will be an optimistic year on the stock exchange markets, say the analysts of the brokerage house XTB Romania, which considers that Bitcoin, the most visible virtual coin starts ‘ to seriously bite’ from the safe-heaven state of gold’.   ‘The stock exchange markets are very vulnerable to a correction in Q1 2021, especially those symbols which gained much during the pandemics. For example, the ...

The Romanians can invest in government securities in January 2021 as well

Thursday, December 24, 2020

The Romanians can subscribe starting with 4th January 2021, for three new emissions of government securities in the programmed Tezaur, with maturities of one, three and five years and interests of 3.25%, 3.5% and 3.75% announced on Wednesday the ministy of public finances (MFP).The securities are dematerialised and have a nominal value of one leu, and the interest is paid at the deadlines included in the emission ...

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