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Romania, recognized as trusted partner for US from intellectual property protection perspective

Friday, April 29, 2022

Romania was recognized as a trustworthy partner for the United States of America from the point of view of intellectual property protection for the first time in 25 years, informs, on Thursday, a press release of the Executive.The United States Trade Representative (USTR), the US government agency that deals with international trade relations, published the Special Report 301 for 2022, in which, for the first time in over 25 years, Romania is removed from ...

Transposition of Omnibus Directive approved, Romania thus aligns with EU law on consumer rights and protection

Friday, April 29, 2022

 The government adopted on Thursday an Emergency Ordinance that implements the provisions of the Omnibus Directive and thus aligns Romanian consumer rights and protection methods to European provisions, Economy Minister Florin Spataru told a briefing at the end of the government meeting."Today we adopted the Emergency Ordinance amending and supplementing specific consumer protection regulations. We implemented the provisions of the Omnibus Directive. ...

CFA: Main consequence of this war on Romanian economy: economic growth anticipation halves

Friday, April 29, 2022

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The majority of financial analysts of international financial institutions have rather halved their rate of national economy increase this year, as a main consequence of this war on the Romanian economy, said Adrian Codirlasu, deputy chairman of CFA Romania."The impact of the Ukrainian crisis comes from two places: on the one hand, from the price increase of energy products, as well as food, which reduces demand, and on the other hand, the strong aversion to ...

FIC: Legislative proposal on introduction of mandatory contributions for companies affects market principles 

Friday, April 29, 2022

The legislative proposal on the introduction of mandatory contribution for economic actors affects market principles and restricts the principle of free association, according to the representatives of the Foreign Investors Council (FIC)."In a difficult economic context generated by developments in the energy market, inflation and geo-political instability, the economic environment needs measures to support companies and private initiatives. The legislative ...

The Banker: “Romania Gears Up For Another Challenging Year”

Friday, April 29, 2022

For Eastern European economies such as Romania, the turbulent times continue. The pandemic has hit economic growth, and now the war near Ukraine, coupled with high energy prices and rising inflation, could lead to new ...

Romanian managers expecting sharp rise in prices in manufacturing, construction,retail

Friday, April 29, 2022

- Moderate growth of activity in manufacturing, retail trade and services - Relative stability in the number of employees in manufacturing, construction and services - Robust price growth in manufacturing, construction and retail trade   Romanian managers are expecting for the next three months a sharp ...

EY Study: Almost half of the employees are willing to change jobs

Friday, April 29, 2022

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  Almost half of employees, 43% declare they are ready to give up their present job in the next 12 months, on the background of a rising inflation, a labour force on the drop and an increase of jobs offering flexibility, a study made by EY about returning to work shows. Last year only 7% of employees declared they are willing to leave.   The study ...

Three quarters of Romanians plan to renovate their homes in the next 12 months

Friday, April 29, 2022

Three quarters of the Romanians (75%) have renovated their homes over the last year, and the proportion will be kept for the next 12 months, according to a specialty study.   The centralised data of MKOR Consulting and the Constructors’ Register show the fact that, on average, the Romanians have two landscaping works per year, and 59% turn to family and friends for help in carrying out this type of ...

Population by residence on January 1, 2022 reaches 21.98 million people, down 0.6%

Friday, April 29, 2022

- On 1 st of January, 2022 1 , the legal population was 21980,5 thousands persons, decresing with 0.6% as against 1st of January, 2021. - Urban and female population are in majority (56.3%, respectively 51.2%). - The phenomenon of demographic ageing has increased, the elderly population of 65 years old and over exceeding the young population of 0?14 years with over 20% (3836 ...

The Bulgarian prime minister, in Bucharest on Friday to discuss the transport on the Danube

Thursday, April 28, 2022

Prime Minister Nicolae Ciuca said on Wednesday that Romania and Bulgaria are considering a program to capitalize on the Danube, a river that, in his opinion, is of strategic importance in the transport of goods and people.In a TV show, Ciuca said that talks had already taken place with the Bulgarian prime minister, even before the start of the conflict in Ukraine, in order to make the Danube accessible to transport of goods all year round."We ...

Florin Citu - received by Chairman of the Verkhovna Rada of Ukraine; visited Irpin and Gostomel

Thursday, April 28, 2022

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Senate President Florin Citu, was received, on Wednesday, in Kyiv, by the Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk, and visited the affected areas of the Kyiv region - Irpin and Gostomel - alongside the President of the Assembly of the Republic of North Macedonia Talat Xhaferi, and Irene Kalin, President of the National Council of the Federal Assembly of the Swiss Confederation."I am honored to be in Ukraine today, at the invitation of my ...

PM Ciuca after visit to Ukraine: Civilian targets being hit cannot be tolerated

Thursday, April 28, 2022

Romania will analyze the requests of the Kyiv Executive regarding the supply of weapons to Ukraine, Prime Minister Nicolae Ciuca said on Wednesday."We had a decision to transfer protective equipment and ammunition. We will continue to look at the requests that the Ukrainian government will make and, based on that, we will make a decision," the PM told a press conference at the Victoria ...

DefMin Dincu: I don't think there is any possibility of war in Moldova

Thursday, April 28, 2022

 Defence Minister Vasile Dincu said on Wednesday that in his opinion there is no possibility of war breaking out in the Republic of Moldova."We are concerned about what is happening around our country when it comes to conflicts; at the moment we see an attempt to create a conflict in this area, which, according to our analysis, has no chance to develop. Of course, Moldova is managing this situation, they are checking, sounding the alarm, monitoring the ...

Dincu: We did not discuss with Ukraine Romania sending out weaponry

Thursday, April 28, 2022

 Romania's Defence Minister Vasile Dincu said on Wednesday that after his recent visit to Kyiv, Ukraine, no concrete decisions were taken, and Romania will not send out weaponry to Ukraine."First of all, the specific needs of Ukraine at the moment, coordination and solidarity were discussed. No concrete decisions were taken, but there were some important decisions for the future. Not only at this time when Ukraine needs to be supported to cope with an ...

PM Ciuca: Romania unaffected at this time by gas cutoffs by Gazprom in Bulgaria, Poland

Thursday, April 28, 2022

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Prime Minister Nicolae Ciuca stated, on Wednesday, that Romania is unaffected at this time, after Gazprom has cut off the supply of gas to Bulgaria and Poland."I had a discussion, after we returned to the country this morning, with the Minister of Energy. Romania is unaffected at this time. The gas consumption is far below the production capacity that we have. You know very well that we are one of the few countries in Europe to benefit from a consistent gas ...

CFR SA to continue measures for efficiency of railway transport of freight on border with Ukraine

Thursday, April 28, 2022

 CFR S.A. will start, using direct labour, a repair program for several broad-gauge and standard-gauge railway lines, from the Vicsani (SRCF Iasi) and Halmeu (SRCF Cluj ), Minister of Transport Sorin Grindeanu announced on Wednesday, on his Facebook page."These works supplement the existing transport capacity and aim to increase the degree of operationalization of freight traffic, improve maneuvering conditions and improve traffic at the borders with ...

FinMin: Romania's borrowing rates are around 6.7 pct, close to Hungary's and Poland's 

Thursday, April 28, 2022

Romania's borrowing rates are around 6.7 percent, similar to or close to Hungary's and Poland's, Finance Minister Adrian Caciu said on Wednesday, reiterating that government borrowing costs have been very high for about 10 years now."Government borrowing rates are currently about 6.7 percent, similar to or below Hungary's 6.8 percent, similar or close to Poland's current 6.4 percent. The key rate hikes operated in neighboring states in the past months have ...

Budget deficit up to 1.19 pct of GDP after Q1 2022

Thursday, April 28, 2022

The budget deficit climbed to 1.19 pct of gross domestic product after the first quarter of this year, from 0.72 pct of GDP in the first two months, according to data released by the Ministry of Public Finance on Wednesday.The negative balance of the consolidated budget amounted to 15.7 billion RON in the first three months of 2022, compared to 9.51 billion RON in January and February.Compared to the first quarter of last year, the budget deficit ...

BNR: Deposits in banks of companies, population down 0.5pct in March

Thursday, April 28, 2022

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Deposits of non-government resident customers went down 0.5 percent month on month to RON 478,751.9 million, while the annual growth rate was 11.1 percent (0.9 percent in real terms), the National Bank of Romania (BNR) informs on Wednesday.RON-denominated deposits of residents, representing 62.4 percent of deposits of non-government customers, decreased 2.7 percent to RON 298,571.4 million month on month and rose 6.6 percent (down 3.2 percent in real terms) ...

Loans to non-government sector increase 1.6 percent in March

Thursday, April 28, 2022

At end-March 2022, loans to non-government sector granted by credit institutions increased 1.6 percent (down 0.3 percent in real terms) from February 2022 to RON 336,132.6 million, according to a National Bank of Romania (BNR) release.RON-denominated loans, representing 72.7 percent of total volume of loans to non-government sector, moved up 1.9 percent, whilst foreign currency-denominated loans, representing 27.3 percent of total loans to non-government ...

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