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DefMin Fifor met Croatian counterpart to discuss the possibilities for intensifying bilateral cooperation

Wednesday, March 28, 2018

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In Croatia on Tuesday, Romania's Defence Minister Mihai Fifor had official talks with his Croatian counterpart Damir Krsticevic to analyse the possibilities for intensifying defence cooperation between the two nations.According to a press statement released by the Romanian Ministry of Defense, the two officials reviewed the latest developments in the Romanian-Croat defence cooperation bilaterally, at regional level and inside NATO and the European ...

CSM to request European Commission clarification regarding requests for info on corruption cases

Wednesday, March 28, 2018

The Judges' Section of the Superior Council of Magistrates (CSM) decided on Tuesday to send a letter to the European Commission asking for clarifications regarding the requests for information on certain cases of corruption which the European body addressed to the Romanian authorities. "Through the decision no.237 ruled today, (...) the Judges' Section within the Council, convinced by the role of the European Commission in assessing Romania's progresses in ...

Klaus Iohannis to be awarded prize in Germany for services brought to democracy

Wednesday, March 28, 2018

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Romanian president Klaus Iohannis will receive the “Franz Josef Strauss”prize awarded by Hans Seidel Foundation from Germany for the fight against corruption, consolidation of the rule of law and democracy, DPA new agency states. Hans Seidel Foundation is affiliated to Social-Christian Union (CSU) and Christian-Democratic Union (CDU) whose president is Angela Merkel. Iohannis will receive the prize during a ceremony ...

Diaconescu: Poland explores the initiation of the “multifunctional cooperation corridor” together with Romania and Croatia

Wednesday, March 28, 2018

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Poland explores the initiation of the “multifunctional cooperation corridor” together with Romania and Croatia, based on infrastructure projects, energy and even security, said former foreign minister Cristian Diaconescu for Mediafax. “In the perspective of the Three Seas summit from Bucharest, Poland has in view the devekopment of this regional process, exploring, according to Romania’s interest, and the possibility of ...

Dumitru: Romania reports unusual Feb. 2018 deficit; spending on wage increases, social security and public services are worrisome

Wednesday, March 28, 2018

In February, Romania recorded a government deficit of 7.5 billion lei, unusual for the first months of the year when there would usually be a surplus, and spending on wage increases, social security and public services are worrisome, Chairman of the Fiscal Council Ionut Dumitru said at the conference called "Meeting the Challenges of Volatility" on Tuesday."In February, we had a very high deficit, of over 7 billion lei, about 7.5 billion lei, unusual for Romania ...

Study: Over 50% of labour contracts in Romania have lower values or equal values than minimum wages

Wednesday, March 28, 2018

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More than half of labour contracts registered after the coming into force of new fiscal regulations have lower  or equal to lowest wages in economy, according to data included in the Social Monitor, a Friedrich- Ebert-Stiftung Romania project, released on Tuesday. According to the source, the overall number of labour contracts recorded in February 2018 was lower by 53,215 than in November 2017, while the difference between low and high salaries ...

Ambassador Hatziargyrou : Cyprus wants to attract foreign investors with low taxes and well trained labour force

Wednesday, March 28, 2018

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Cyprus has a very attractive tax system for foreign investors, while labour force is well trained, said Dimitris Hatziargyrou, the ambassador of Cyprus to Bucharest. “Cyprus has a very good tax system, which attracts many companies to Cyprus. We have a low single share of 12.5%. There are many Romanian companies too. Cyprus is the ideal place for businesses ready to enter the market to the Middle East and Eastern Mediterranean Sea,” said ...

Diplomat from Russian Embassy in Bucharest will be declared persona non-grata

Tuesday, March 27, 2018

Romania's Ministry of Foreign Affairs (MAE) has notified the Embassy of the Russian Federation in Bucharest that one of the embassy's diplomats will be declared persona non-grata and will be expelled from the country, according to a MAE press statement released on Monday.The reaction comes as a result of the conclusions of the European Council of March 23-24, as "the Foreign Ministry considers that the Salisbury attack is a threat against collective security and ...

ForMinTeodor Melescanu and Lithuanian counterpart Linas Linkevicius discuss Skripal's case

Tuesday, March 27, 2018

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It is important for Romania, within the European Union, to give "a clear signal of solidarity with the United Kingdom, especially in the context of the Brexit talks," with regard to the reaction to former Russian spy, Serghei Skripal's poisoning on the UK territory, Foreign Affairs Minister Teodor Melescanu told on Monday a joint press conference with Lithuanian counterpart Linas Linkevicius."I discussed these matters that where debated in the European Council and ...

Lithuanian Foreign Minister Linas Linkevicius, received at the Cotroceni Palace

Tuesday, March 27, 2018

President Klaus Iohannis received Lithuanian Foreign Minister Linas Linkevicius at the Cotroceni Palace on Monday, a context in which he underscored the importance of transmitting a consistent and strong message expressed through the action in solidarity with the United Kingdom, at the right time, from the member states of the European Union, informs a press release.According to the quoted source, the talks with the Lithuanian minister referred to strengthening ...

În Belgrad, Romanian, Serbian ministers held talks about Romania's request for the extradition of Sebastian Ghita

Tuesday, March 27, 2018

 In Belgrade on Monday, Romania's Justice Minister Tudorel Toader and his Serbian counterpart discussed a request for the extradition from Serbia of fugitive businessman and former MP Sebastian Ghita."The ministers held talks (...) about Romania's request for the extradition of Sebastian. Minister Kuburovic stressed that the procedure for determining the fulfillment of the extradition conditions is still underway at the Supreme Court and that, after the court ...

NYT: Dragnea – Trump meeting part of top fundraiser Elliott Broidy’s attempts to obtain foreign contracts for his defense company by peddling access to Trump

Tuesday, March 27, 2018

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Elliott Broidy, a top fund-raiser for Donald Trump’s presidential campaign, allegedly suggested to clients and prospective customers of his defense contracting company, Circinus, that he could broker meetings with Mr Trump and people close to him, after he was elected president, ...

Senate passes amendments to Law No. 303/2004, to the Law 304/2004 and 317/2004

Tuesday, March 27, 2018

The Senate adopted on Monday, as the decision-making chamber, the amendments to the Law No.303/2004 regarding the statutes of magistrates, following the Constitutional Court decisions.The amendments to the Law No.303/2004 was adopted by 83 "in favour" and 36 "against." None of the amendments rejected by the Special Committee and supported in the plenary meeting received the necessary number of votes for adoption. The Senate also adopted on ...

Referendum on Constitution revision - on last Sunday of 30-day period since adoption of initiative in Parliament

Tuesday, March 27, 2018

The national referendum on the revision of the Constitution will be held on the last Sunday of the 30-day period since the adoption in Parliament of the normative act on revision of the Fundamental Law, following that this date to be brought to the public knowledge by the Government, the Senate decided on Monday, rejecting at the same time President Iohannis' re-examination request.The Senators adopted the Law on modification and supplementation of the article 6 ...

Ministry of Finance : Budget deficit soars to RON 5.5 bln

Tuesday, March 27, 2018

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Romania’s general consolidated budget, which includes fiscal and social budgets of the government, registered after the first two months of this year a deficit of RON 5.48 billion (EUR 1.18 billion), or 0.59 percent of GDP, compared with a surplus in the same period of 2017, soaring expenses overshadowing strong revenue increase, according to the data of the Ministry of Finance released on Monday, business-review.eu informs. Budget revenues rose ...

Euro trades at 4.6594 lei on Monday

Tuesday, March 27, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.65941 US dollar USD 3.75331 Swiss franc CHF 3.96901 British pound GBP 5.3315100 Japanese yen JPY 3.5712 1 Moldovan leu MDL 0.22811 Russian rouble RUB 0.06601 new Turkish lira TRY 0.94341 Chinese renminbi CNY ...

Romania sells 568.6 mln lei (122 mln euro) of 2020 T-notes, yield falls

Tuesday, March 27, 2018

Romania's finance ministry on Monday sold above target 568.6 million lei ($151.4 million/122 million euro) of Treasury notes maturing on October 26, 2020, central bank data showed, seenews.com informs. The average accepted yield fell to 3.19% from 3.51% achieved at the last auction of government securities of the same issue held in February, the data indicated. Demand for the T-notes, which carry an annual coupon of 2.30%, fell ...

ASF: Romania's financial education not figuratively but literally low, with serious consequences

Tuesday, March 27, 2018

 Financial education in Romania hovers at modest levels, placing the country 124th of 143 in the global ranking of the states by this criterion, Cornel Coca Constantinescu, vice-president of the Financial Supervisory Authority (ASF) responsible for financial instruments and investments told AGERPRES in an interview.Constantinescu says that the financial education is literally, not figuratively low, with serious economic and social consequences, requiring a ...

EBRD and ING Romania grant EUR 96 mln loan to logistics park developer

Tuesday, March 27, 2018

The European Bank for Reconstruction and Development (EBRD) and ING Romania will provide a EUR 96 million financing to logistics park developer CTP, romania-insider.com informs. The EBRD will provide EUR 43.8 million while ING will contribute with EUR 52.2 million to this loan. The investor will use the money to modernize and expand its CTPark Bucharest 52-hectare logistics park ...

Minister Sova: CFR Marfa got an incredibly high debt with CFR Infrastructura

Tuesday, March 27, 2018

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CFR Marfa  accumulated a debt incredibly high with CFR Infrastructura, of over 100 milion euro and if CFR Infrastructura used the money they have to get from this company we would have hundreds of kilometres where the restrictions could be lifted,stated on Monday the minister of transport, Lucian Sova, present at the conference ‘ Transport and Infrastructure 2018’ organised by the Capital journal.The minister referred to the situation of CFR Marfa ...

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