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Resilient construction sector slows down in April-May

Tuesday, July 21, 2020

The volume of construction works in Romania rose by 11.6% year-on-year in May, similarly to April. However, the construction sector's growth rate slowed down significantly compared to the 12 months preceding the coronavirus (COVID-19) pandemic. The volume of construction works in the 12 months ending March 2020 was 31% higher compared to the previous 12-month period. The civil engineering works (public infrastructure projects) ...

Statistics: the situation of distribution grids for drinkable water and natural gas as well a? of sewage in 2019

Tuesday, July 21, 2020

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The simple length of the distribution grid for drinkable water existing in Romania in 2019 has increased by 2.4% as compared to 2018 up to 86,518 km while the length of the sewage pipes registered an increase of 4.7% up to 40,268 km, and that of natural gas got to 42,287 km, up by 2.1%  reported to the reference period, show the data published on Friday by the Na?ional Institute for Statistics (INS). As regards the distribution grid of drinkable ...

EU Summit: President Iohannis says good news everyone wants agreement, still lot to negotiate

Monday, July 20, 2020

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President Klaus Iohannis said Sunday that the leaders of the 27 member states of the European Union want an agreement on an economic recovery plan after the coronavirus pandemic, but there is still much to negotiate because they are "very complicated" issues. "The good news, in my opinion, is that everyone wants us to reach an agreement, but from here to an actual agreement it seems that there is still a lot to negotiate, there are very complicated ...

AEP: starting with 20th July signatures collection for local elections can start

Monday, July 20, 2020

The political parties, the citizens’ organizations belonging to national minorities, political alliances, electoral alliances and independent candidates may start, with 20th July the actions of collection of lists of supporters of the candidates for the local councils, county councils, mayors, chairmen of county councils, the General Council of Bucharest, and the general mayor of Bucharest.The Standing Electoral Authority announced on Friday the calendar for ...

USR PLUS alliance says negotiations with PNL over district mayoralty candidates advancing

Monday, July 20, 2020

Chairman of the Save Romania Union (USR) Bucharest Claudiu Nasui and Chairman of the Freedom, Unity and Solidarity Party (PLUS) Bucharest Vlad Voiculescu announced on Sunday at a news conference that negotiations with the National Liberal Party (PNL) for the nomination of some common candidates for the Bucharest district mayoralties have advanced ."What I can tell you is that things have progressed and are advancing. We are optimistic that we will be successful ...

Ministry of Justice brings clarifications related to fine Romania received from CJEU

Monday, July 20, 2020

The Ministry of Justice on Friday brought a series of clarifications related to the 3-million euro worth fine Romania got from the Court of Justice of the European Union (CJEU) for the delayed and incomplete implementation of the Directive (EU) 2015/849 on preventing the use of the financial system for money laundering or terrorist financing.According to the Ministry, the Directive was supposed to be transposed into the national legislation of Romania by June 26 ...

Orban: I was saddened by the decision of the DIICOT prosecutors in the August 10 case

Monday, July 20, 2020

Prime Minister Ludovic Orban said on Friday that he was saddened by the decision of prosecutors with the Directorate for Investigation of Organised Crime and Terrorism (DIICOT) in the August 10 case and that he does not understand it, adding that "any culprit must be punished and that must be done by the Romanian justice.""It's a decision that has saddened me, a decision that I don't understand, a decision that is contrary to what happened to all the protesters in ...

BVB: Romania ranked ninth in EU in terms of developments in main capital market indices

Monday, July 20, 2020

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Romania ranked ninth in the European Union in terms of developments in the main indices of the capital markets in the first six months of the year, a period when international stock markets felt strongly the effects generated by the coronavirus pandemic, according to a press statement released by the Bucharest Stock Exchange (BVB).According to BVB, all but two main indices of the EU stock exchanges went into the red in the first half of the year. Denmark and ...

Study: Wages in Romania, much lower than productivity

Monday, July 20, 2020

Wages in Romania are much lower than productivity and, contrary to what is said in the public space, wage increases over the last decade have been accompanied by equivalent increases in labour productivity, so public debate must be reoriented towards increasing productivity, not limiting wage increases, shows a research by FES Romania and Syndex.The document presents a detailed analysis of the issue of productivity, ranging from theoretical aspects to the ...

Campaign promoting local jobs to Romanians returning to the country, launched

Monday, July 20, 2020

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The Economy, Energy, and Business Environment Ministry, through its Tourism Department, has launched a campaign promoting local jobs to Romanians who recently returned to the country or are planning to do so. The campaign focuses on hospitality industry jobs. The authorities say the message they want to get across is a simple one – “We are expecting you home!. We have jobs for you, especially in the HoReCa ...

Wholesale turnover up 4.7 pct this May

Monday, July 20, 2020

Romania's wholesale turnover (except for trade in motor vehicles and motorcycles) this May was 4.7 percent up from the previous month as unadjusted series and 0.6 percent higher as workday and seasonally adjusted series, the National Institute of Statistics (INS) informs on Friday.The 4.7 percent increase in the wholesale turnover (except for trade in motor vehicles and motorcycles) as unadjusted series compared to April was the effect of growth in the specialized ...

Turnover from market services provided mainly to enterprises, up 3.9 pct in first five months

Monday, July 20, 2020

Turnover from market services provided mainly to enterprises, in nominal terms, increased in the first five months of 2020, compared to the same period in 2019, both as gross series and as adjusted series in depending on the number of working days and seasonality by 3.9% and 3.7%, respectively, show the data of the National Institute of Statistics (INS), published on Friday.Thus, in the period January 1 - May 31, 2020, compared to the period January 1 - May 31, ...

Draft law on quarantine and isolation clears Senate plenary

Friday, July 17, 2020

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The Senate plenary on Thursday evening gave a favorable vote to the draft law on the establishment of measures in the field of public health in situations of epidemiological and biological risk. There were 115 votes in favor, eight against and three abstentions. The Senate is the decision-making body in the case of this draft law. After the adoption, the procedure stipulates that the project will stay in Parliament for two days, a term for contesting ...

Government: in mid-August there could be between 1,200 and 1,600 cases of COVID-19 daily, if the upward trend continues

Friday, July 17, 2020

The number of coronavirus cases reported daily could reach 1,200 - 1,600 by mid-August, according to a Government document supporting the decision to extend the state of alert seen ...

777 , a new record single-day spike in coronavirus cases

Friday, July 17, 2020

Romania added 777 coronavirus cases in the past 24 hours, the highest number of daily cases since the start of the pandemic. The total number of Covid-19 cases reached 35,003 on Thursday, July 16, the authorities announced in ...

BNR Governor Isarescu: Developments in public health continue to generate major risks for economic activity

Friday, July 17, 2020

Developments in public health continue to generate unprecedented uncertainty and major risks to the outlook for economic activity and to financial market functioning, with an impact on macroeconomic stability and financial stability, says National Bank of Romania (BNR) Governor Mugur Isarescu."Therefore, the BNR will further monitor all relevant developments and will update the assessments, while continuing to act towards providing the necessary liquidity to the ...

CFA Romania : Impact of novel coronavirus to be felt strongly until the first quarter of 2021

Friday, July 17, 2020

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More than half of CFA Romania analysts estimate that the impact of the novel coronavirus will be felt strongly by the first quarter of next year and the anticipated budget deficit for this year is 8.4%, reads a press release of the organization sent on Thursday.The average value of expectations indicates a decline in gross domestic product of 4.4% for 2020 and for the unemployment rate this value stands at 7.3%."Since April of this year, four ...

Eurobarometer: 64% of Romanians think EU should have additional funds to surpass pandemic consequences

Friday, July 17, 2020

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  64% of Romanians consider EU should have more funds to surpass Covid 19 pandemic consequences, with 8% over the EU average and 77% of Romanians (68% at EU level) think EU should have more competences to manage such crises, according to the Eurobarometer released by the European Parliament on Tuesday. According to the survey made over June 11-29, 2020, on a sample of 1050 respondents in Romania and 24,798 ...

President Iohannis at extraordinary European Council meeting in Brussels on Friday and Saturday

Friday, July 17, 2020

President Klaus Iohannis will participate, on Friday and Saturday, in the extraordinary meeting of the European Council, which will take place in Brussels, informs the Presidential Administration, in a press release.The meeting will be dedicated to the negotiation of the multiannual budget of the European Union for the period 2021 - 2027 and the European Economic Recovery Plan.According to the Presidential Administration, President Klaus Iohannis will ...

Bill setting date of this year's local elections signed into law

Friday, July 17, 2020

President Klaus Iohannis signed Thursday the decree for the promulgation of the Law establishing the date of the 2020 elections for the local public administration authorities, as well as specific measures for the proper organization and conduct thereof, the Presidential Administration announced.Last week, the Chamber of Deputies, as a decision-making body, passed this bill. There were 253 votes in favor, two against and 36 abstentions.According to the ...

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