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ForMin Aurescu: Black Sea - part of arc of instability often fuelled by opponents of Romania's European path

Tuesday, October 6, 2020


The Black Sea is part of an "arc of instability" that is "often fuelled" by opponents of a European and Euro-Atlantic path, Romania's Foreign Minister Bogdan Aurescu said on Monday."If we look today at the eastern flank of NATO, which in its southern part includes the Black Sea region, the geopolitical and geoeconomic interconnection with the Eastern Mediterranean, the Middle East, the South Caucasus, all of that makes the Black Sea part of an arc of ...

MAE: Laurence Auer, the new ambassador of France in Bucharest, presented the copies of her credentials

Tuesday, October 6, 2020


The Minister of Foreign Affairs, Bogdan Aurescu, received on Monday Laurence Auer, the agreed ambassador of the French Republic in Bucharest, in order to present the copies of her credentials.According to the Foreign Ministry, Aurescu welcomed the new ambassador to Romania and wisher her success in fulfilling her mandate, which begins, symbolically, in the year in which 140 years of bilateral diplomatic relations are celebrated.The minister ...

FinMin Citu: the package for economy support will surpass 7% of GDP until the end of the year

Tuesday, October 6, 2020

The package for economy support will surpass 7% of GDP until the end of the year as in the first nine months the state injected in the economy 3.5 billion lei, 3.2% of the GDP announced on Sunday the minister of finances, Florin Citu.According to him, Romania will manage to avoid technical recession in 2020.‘The package for economy support will surpass, listen, 7% of the GDP until the end of the year. In the first nine months we have already ...

Finance Ministry borrows 500 mln lei from banks, Monday

Tuesday, October 6, 2020

The Ministry of Public Finance (MFP) borrowed, on Monday, 500 million lei from banks, through a benchmark government bond issue, with a residual maturity of 88 months, at an average yield of 3.34% per year, according to data transmitted by the National Bank of Romania (BNR).The nominal value of Monday's issue was 500 million lei, and the banks subscribed 765.4 million lei.An additional tender is scheduled for Tuesday, by which the state wants to ...

Eurostat: Romania had the third largest current account deficit in the EU in the second quarter of 2020

Tuesday, October 6, 2020


The EU member states with the highest current account deficits were France (14.3 billion euros), Greece (3.5 billion euros) and Romania (three billion euros), according to data released Monday by the European Statistical Office (Eurostat).   In the second quarter of 2020, marked severely by COVID-19 containment measures in the Member States, the EU seasonally adjusted current account of the balance of ...

Coface Barometer Q3 2020: COVID-19, a catalyst for political risks

Tuesday, October 6, 2020

The annual update of Coface's Political Risk Index, published in the Coface Q3 Barometer, highlights a dual trend: on the one hand, a decrease in the risk of conflict at a global level, but on the other, an increase in the risk of political and social fragility. The latter is exacerbated in the countries most exposed to the coronavirus pandemic.   Similar to last quarter, the uncertainties surrounding the ...

Turnover for retail increases by 1.3 pct in first eight months

Tuesday, October 6, 2020

- Compared to the previous month, in August 2020 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) decreased both as gross series by 1.2% and as adjusted series according to the number of working days and to seasonality by 1.6%.   - Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles ...

Average monthly wage in Romania stand at 5,077 RON, in second quarter, with 82 pct of income as expenses

Tuesday, October 6, 2020

- The total monthly average income was, in nominal terms, 5077 lei per household and 1973 lei per person in Q II 2020.   - In Q II 2020, the total monthly average expenditure of the population was 4163 lei per household (1618 lei per person), accounting for 82.0% of the total income.   The total average ...

The opening of the new season of the George Enescu philarmonics – 7thand 8thOctober

Tuesday, October 6, 2020


The opening of the symphonic season 2020 -  2021 of the George Enescu Philarmonics will be on 7th and 8th October in the Big Hall of the Romanian Atheneum with a concert of the Philarmonics led by the English conductor Stefan Asbury.According to a press release, the programme includes  Pavane by Gabriel Faure, Concert no.1 in A minor for cello and orchestre, op.33 by Camille Saint-Saens and Symphony no.2 in D major op.36 by Ludwig van ...

EU Council : President Iohannis highlights strengthened internal market's role as driver of EU strategic autonomy

Monday, October 5, 2020

Attending the special European Council meeting in Brussels on October 1 - 2, President Klaus Iohannis argued that a strengthened internal market is intended to increase the Union's strategic autonomy and reduce dependence on third parties, a statement from the Presidential Administration informs."In the context of the crisis caused by the COVID-19 pandemic, the EU leaders had a substantial discussion on the need to maintain an effective coordination at ...

President Iohannis hails announcement of start of exploratory talks between Greece and Turkey

Monday, October 5, 2020

President Klaus Iohannis, present on Thursday and Friday in Brussels, in the extraordinary meeting of the European Council, reaffirmed solidarity with Greece and Cyprus and hailed the announcement regarding the start of exploratory talks between Greece and Turkey, pleading for the finding of solutions through dialogue, shows a release sent by the Presidential Administration."President Klaus Iohannis appreciated the intense diplomatic efforts conducted by the ...

PM Orban: Elections must be held on December 6, new Parliament must be mirror of citizens' choices

Monday, October 5, 2020


Prime Minister Ludovic Orban told on Sunday evening private broadcaster Romania TV, that the parliamentary elections must be held on December 6, mentioning that the Government has established this date legally and constitutionally and the law that gives Parliament the right to set the date of the election is not yet in force."Based on the constitutional and legal framework, the Government has set the date of the elections for December 6. This is the ...

USR –Plus will not have pre-electoral  alliances for the parliamentary elections

Monday, October 5, 2020

Chairman USR Dan Barna, stated his satisfaction with the result obtained by Alliance USR-Plus at the local elections and showed that at the parliamentary elections the two parties will surpass 20%. Barna added that Alianta- USR-Plus will not have any pre-electoral alliances for the parliamentary elections. The USR leader considers that at parliamenary elections the score to be obtained will surpass 20 %.‘ The parliamentary elections is ...

President Iohannis sends US counterpart Donald Trump "get well soon" message

Monday, October 5, 2020

President Klaus Iohannis sent his American counterpart Donald Trump a "get well soon" message, wishing him a full and speedy recovery, after the US President announced that he had tested positive for COVID-19."My best wishes to President Donald Trump and first lady Melania Trump for a full and swift recovery," Klaus Iohannis wrote on Twitter.Leaders from all over the world sent President Trump messages of goodwill on Friday, after he announced ...

The risk of new restrictions higher with the increase of number of infected persons

Monday, October 5, 2020

Prime Minister Ludovic Orban stated, on Friday, that the increase of the number of people infected with SARS-CoV-2 can be stopped by increasing the number of those who respect the health protection rules, adding that the "risk" of new restrictions being imposed is higher if the number of cases of COVID-19 increases."We have followed, gradually, the taking of measures, on the basis of epidemiological evaluation, of resumption of activities, because our ...

Minister Tataru: State of emergency, not necessary

Monday, October 5, 2020


Health Minister Nelu Tataru said on Friday that for the moment the state of emergency establishment is not required, but the observance of the sanitary protection rules to limit the progressive increase in the number of cases of infection with the novel coronavirus."The state of emergency, at the moment, is not necessary. What is necessary is to observe these rules to limit this progressive increase, for now, which we have in the number of new cases. We can ...

Romania accesses loans of 4bn euros through SURE instrument

Monday, October 5, 2020

Romania has obtained a 4.1-billion-euro loan from the European Union at advantageous interest rates to support the Romanian authorities' efforts to protect citizens and mitigate the socio-economic consequences generated by the Covid-19 pandemic, the Ministry of Public Finance (MFP) announced on Friday.The Ministry of Public Finance mentions that the loan will support the measures adopted by the Romanian Government in the context generated by the Covid-19 ...

Euroins Romania is getting support from its shareholder for RON 275 million 

Monday, October 5, 2020

Euroins Romania Asigurare Reasigurare SA has acknowledged with surprise the most recent decision of ASF Romania and is considering all legal options to object to it in front of all relevant Romanian and EU institutions.  The Euroins Insurance Group has supported and will continue to support the company in Romania, to respond even to this new demand of the regulator. During the third quarter of this year, ...

PwC: Private sector gross wages increased by a year-on-year average of 6.79% in the first half of 2020

Monday, October 5, 2020

The gross wages at private companies increased by a year-on-year average of 6.79% in the first six months of 2020, according to PwC Romania’s PayWell Salary and Benefits 2020 Survey. The respondents estimated that the reported level of increases would be maintained until the end of the year. The reported 2020 average salary increase is in line with the estimates provided by respondent companies in PayWell 2019. For 2021, private companies estimate a year-on-year 4.68% ...

Survey: 59% of the managers mentioned the drop in business with over 50 percent

Monday, October 5, 2020

67% of the managers in an interview of the barometre order by Sierra Quadrant, company in the sector of reorganisation of companies, focuses on the restructuring of business, while 59% of them reclaimed the drop in the business with over 50 percent. ‘The business people in Romania, investors, managers and employees with positions of reliability in the majority of the economic domains, see with precaution to the ...

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