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President Iohannis criticizes ruling party and Government during Union Day festivities

Thursday, January 24, 2019

Romanian President Klaus Iohannis launched a new attack against the country’s Government and ruling party in a speech held during Union Day festivities în Iasi on Wednesday, stating that the executive preferred to organize a “populist racket” while historical regions are left bereft of grand projects “Unfortunately, instead of the union, political leaders preferred a populist racket and pathetic administrative hopping. ...

In the LIBE committee, JusMin Toader defends GEO on the appeal for annulment

Thursday, January 24, 2019

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The Romanian Presidency of the Council of the European Union will not stray from the principles of respecting the common European values, fundamental rights and freedoms and the rule of law, Justice Minister Tudorel Toader gave assurances on Wednesday in presenting the priorities in the field of justice in the Committee on Civil Liberties, Justice And Home Affairs of the European Parliament (LIBE). Romanian Justice minister Tudorel Toader has defended the ...

PM Dancila endorses GEO on the appeal for annulment

Thursday, January 24, 2019

PM Viorica Dancila told Antena 3 private broadcaster on Tuesday evening that the fact that the Government will issue an emergency ordinance to allow those convicted by the illegally constituted panels to file appeals for annulment “is not hindering the anti-corruption fight at all.” Dancila resumed the idea that the European officials are misinformed and that she will talk to them on Wednesday and Thursday when she is in ...

US general: Romania is key in the region, it will be the center of gravity for the West in countering Russian aggression

Thursday, January 24, 2019

Romania is a key-player in the region and it will be the center of gravity for the Western countries in countering Russian aggression in Ukraine, said retired Lt. Gen. Ben Hodges, who helmed U.S. European Command’s Army component from late 2014 through 2017, cited by militarytimes.com, quoted by http://business-review.eu. The US general estimates that the Russian Federation won’t stop until it completely owns the Sea of Azov and has choked ...

Romanian Leu tumbles to 4.7569 units vs Euro after week of losses

Thursday, January 24, 2019

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The Romanian leu hit a new low of 4.7569 units against the euro Wednesday, losing 0.91% on the day, after seven consecutive days of hitting low after low. This is the biggest slump for the Romanian leu since it started on a downward path two weeks ago. On Monday, the central bank rolled over its one-week deposit-taking auction, draining RON4.29 billion from 20 banks. Sources say a speculative attack has ...

Reuters: CEE MARKETS-Leu leads fall on growth worries, Romanian taxes

Thursday, January 24, 2019

The leu led a weakening of Central European currencies on Tuesday after the International Monetary Fund lowered its forecast for global economic growth. The leu is also under pressure from a widening current account deficit and concern about new taxes on banks and energy companies. The leu reached record lows against the euro by Friday, crossing the 4.7 line that some traders had thought the central bank could defend. It traded at 4.7285 at 1349 GMT on ...

The Honorary Consul of France to Cluj: investors face fiscal and political instability

Thursday, January 24, 2019

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The Honorary Consul of France to Cluj-Napoca Pascal Fesneau considers that the French business people face lack of workforce and political and fiscal instability’ which do not make Romania very attractive for the investors’ sends the Mediafax correspondent. Asked on Wednesday in Cluj-Napoca by the press which are the issues which the French investors  face at the beginning of 2019, Pascal Fesneau said that it is necessary to have ...

EY Romania about the fiscal changes: it seems things do not stop here and we have to prepare ourselves for surprises

Thursday, January 24, 2019

The flow of fiscal changes is possible not to stop and we have to prepare ourselves for surprises for the period to come, for the next weeks, stated Alex Milcev, the leader of the Department for fiscal and judicial assistance and EY Romania partner. ‘Surely the concept of fiscal predictability is more topical as ever. We thought that 2018, after the fiscal revolution at the beginning would be a calmer year and indeed it was until the last ...

Over 4.69 million pensioners at end December 2018; average pension stands at 1,180 lei

Thursday, January 24, 2019

A number of 4,690,199 pensioners was recorded at the end of November 2018 in Romania, increasing by 1,386 persons compared to the previous month, while the average pension stood at 1,180 lei, according to the data centralised by the National Public Pension House (CNPP).The number of those who retired at normal retirement age stood at 3,567,418, of which 1,982,573 were women, while the average pension stood at 1,340 lei.In December 2018, a number of ...

Romania, to stay close to France and Germany in strengthening European project

Wednesday, January 23, 2019

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President Klaus Iohannis said on Tuesday that the French-German cooperation and integration Treaty at Aachen, whose signing he attended, reflects the commitment of France and Germany to consolidating the European project, stressing that Romania will further remain close to the two countries in achieving this goal."This new treaty is not just an expression of the will of Germany and France to strengthen their special and historical relations. It also reflects the ...

PM Dancila, în working visit to Brussels; meeting NATO SecGen

Wednesday, January 23, 2019

Prime Minister Viorica Dancila will pay a working visit to Brussels on Wednesday and Thursday, aimed at presenting the priorities of Romania's Presidency at the Council of the European Union within the plenary session of the European Economic and Social Committee (EESC).Another important element of the visit will be the bilateral meeting which Dancila will have with NATO Secretary General Jens Stoltenberg at thee NATO headquarters in Brussels, aimed at reviewing ...

Iohannis: PSD's bad ruling can be seen in exchange rate

Wednesday, January 23, 2019

  President Klaus Iohannis stated on Tuesday about the depreciation of the leu against the euro, that the Social Democratic Party (PSD) is ruling "badly" and this is also reflected in the exchange rate."Of course there are reasons for concern. I said it and I do not like it, but I have to repeat it: PSD is not good at the economy and PSD is ruling badly. The result is also seen in the exchange rate and in many other data showing that things are not going as ...

USR asks PACE to notify Venice Commission about ordinances announced in justice field

Wednesday, January 23, 2019

The Save Romania Union (USR) asked the Parliamentary Assembly of the Council of Europe (PACE) to notify the Venice Commission in respect to the new emergency ordinances that the PSD-ALDE (Social Democratic Party - Alliance of Liberals and Democrats) Government is preparing in the justice field, USR informed in a release on Monday."The USR representative to PACE, Deputy Iulian Bulai had an intervention in the opening of the first plenary session this year of the ...

EC’s warning about the announced GEO on the appeal for annulment

Wednesday, January 23, 2019

The European Commission is closely watching the debate in Bucharest around a potential emergency ordinance on the five-judge panels which will allow people with legal problems to file an appeal in annulment and to thus have their sentences reviewed, reads a EC press release to Ziare.com. The European body also reminds that president Jean-Claude Juncker has voiced his opinion quite clearly on the risk of amnesty when he was in ...

EC Vice-President Jyrki Katainen, on the GEO on 5-judge panels: ‘Unbelievable news!! Romanian people deserve rule of law!’

Wednesday, January 23, 2019

Vice-President of the European Commission, Jyrki Katainen, has commented on Twitter the announcement made by the Romanian Justice Minister that an emergency ordinance on the five-judge panels is to be adopted, saying that it is an unbelievable news and that Romanians deserve a rule of law. “Unbelievable news!! Romanian people deserve rule of law. Romania’s justice ...

Dacian Ciolos denies any connection with Securitate or intelligence services

Wednesday, January 23, 2019

The unification of Save Romania Union (USR), a party that has representatives in the Parliament, with the newly-established PLUS party of former EU Commissioner and Prime Minister Dacian Ciolos, came at risk after a scandal related to the collaborators of the later, ...

Johan Meyer, Fondul Proprietatea: 2019 - Good perspectives but conditioned by political and legislative stability

Wednesday, January 23, 2019

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Johan Meyer, CEO Franklin Templeton Investments Bucharest Branch and Portfolio Manager of Fondul Proprietatea, has made an analysis of Romania’s economic perspectives for 2019, of which we emphasize the following aspects: · 2019 will bring along a decrease in private consumption growth, moderate inflation, low unemployment, as well as upward pressure on interest rates. · Our expectations regarding the energy ...

CFA Romania: Macroeconomic Confidence Index down 15.6 points in December, to 28.7 points

Wednesday, January 23, 2019

The CFA Romania Macroeconomic Confidence Index declined by 15.6 points in December 2018 compared with the previous month to 28.7 points, while compared with the same month of the previous year it lost 12.3 points, according to a press release sent on Tuesday.The current conditions indicator fell 9.1 points from the previous month to 46.4 points (minus 12.5 points versus December 2017). The expectations indicator dropped 18.8 points, to 19.9 points (minus 12.2 ...

Financial analysts expect national currency depreciation in next 6 months

Wednesday, January 23, 2019

Financial analysts estimate a depreciation of the national currency in the next 6 months, the foreseen average being 4.716 lei/euro, while for the whole year the anticipated average exchange rate being 4.7883. Estimates come in the context in which the Macroeconomic Confidence Index of CFA Romania dropped by 15.6 points in December versus November, to the value of 28.7 points, while the Index dropped by 12.3 points compared to the same period of 2017. ...

Unemployment rate, down to 3.31pct in December

Wednesday, January 23, 2019

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The number of registered unemployed with the National Employment Agency (ANOFM) was 288,896 in December 2018, down 680 people from the previous month, while the unemployment rate decreased to 3.31pct.According to a press statement released by ANOFM sent on Tuesday, nationwide unemployment end-December fell by 0.01 percentage points from November 2018, and by 0.71 percentage points from December 2017.Centralised data show that of the total number of the ...

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