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Ambassador Kathleen Kavalec at the Born in NATO Event

Friday, March 29, 2024

Minister Odobescu,Director Tarnea,Director Stoica,Dear students and guests,   It is a privilege to be here today, meeting with you, one of Romania’s best high schools, to commemorate two important anniversaries. I want to thank the Minister of Foreign Affairs for the invitation, and the director of Sava National College, Ana Stoica, for the warm welcome. And I thank you, students, ...

Turkish jets complete NATO mission în Romania's

Friday, March 29, 2024

Türkiye participated in NATO's enhanced air policing mission in Romania to safeguard the eastern flank of NATO airspace, https://www.aa.com.tr/ reports.    In December, four Turkish F-16 fighter jets and 80 personnel arrived ...

Payment of food and accommodation for Ukrainian refugees extended

Friday, March 29, 2024

The government extended by three months, until June 30,2024, the payment of food and accommodation for beneficiaries of temporary protection coming from the conflict area in Ukraine.   According to an Executive press release made on Thursday, paragraphs 10 and 11 of article 1 in Emergency Order 15/2022 that stipulates granting support and humanitarian assistance by the Romanian state to foreign citizens ...

Until May 31, companies which cannot upload invoices in RO e-Factura program will not be fined

Friday, March 29, 2024

The government will extend by two months, until May 31, the period of time when companies are not fined because they cannot introduce invoices in the electronic system RO e-Factura, premier Marcel Ciolacu said.   “We adopt today measures established with the business environment about the electronic RO e-Factura system. We extend by two monyjs, until May 31, the period when companies are not fined ...

EUR 500 ml state aid scheme in support of business investments

Friday, March 29, 2024

The government approved on Thursday a much-awaited EUR 500 million state aid scheme for productive activities and for the manufacturing industry, Finance Minister Marcel Bolos announced."The minimum value of eligible projects to be submitted is EUR 10 million, the maximum value is EUR 100 million. The covered activities are related just to industry and industrial production, the manufacturing industry, and in this context we anticipate a substantial ...

Public-private partnership with World Bank for construction of new municipal hospital in Timisoara

Friday, March 29, 2024

Timisoara mayor Dominic Fritz signed on Thursday a public-private partnership (PPP) with the World Bank's International Finance Corporation (IFC) for the construction of the new Timisoara Municipal Hospital in the northern part of the city, which will bring together all the hospital's departments, currently operating in 14 locations.Dominic Fritz pointed out that this is the only chance to have a new, modern municipal hospital in the next 10 years, as many ...

Gold price went up to 327.8351 lei/gram, a new record value, on Thursday

Friday, March 29, 2024

The national currency depreciated on Thursday, against the euro, which was calculated by BNR at 4.9730 lei, rising by 0.20 bani (0.04%), against the previous quotation of 4.9710 lei.   Compared to the US dollar, the leu value dropped, the dollar being quoted at 4.6085 lei, on the rise by1.93 bani (+0.42%) compared to Wednesday, when it was 4.5892 ...

Ministry of Finance borrows over 1 billion RON from commercial banks, on Thursday

Friday, March 29, 2024

The Ministry of Finance borrowed, on Thursday, 1.070 billion RON from commercial banks, through an issue of benchmark state bonds, with a residual maturity of 31 months and an average yield of 6.13% per year, according to data published by the National Bank of Romania (BNR).The nominal value of the issue was 500 million RON, and the banks subscribed over 1.7 billion RON.An additional auction is scheduled for Friday, through which the state wants ...

Gov't approves solar tax cancellation, updates support scheme for energy consumers

Friday, March 29, 2024

  The government adopted on Thursday the Ordinance amending and supplementing Government Emergency Ordinance (OUG) 27/2022 through which it eliminates the solar tax for prosumers and updates the support scheme for all electricity and natural gas consumers, which will lead to lower prices for the next 12 months, informs the Ministry of Energy in a statement."As promised, we maintain the mechanism of capping electricity and gas prices for another ...

State-aid scheme worth RON 2.25 billion for major investments in traditional industries in Romania

Friday, March 29, 2024

The Romanian Government approved on Thursday, at the proposal of the Ministry of Finance, a state aid scheme providing for non-reimbursable financing for investments with a major impact on the Romanian economy whose eligible costs exceed RON 50 million, informs a press release.The state aid scheme is aimed at stimulating economic growth by supporting investments in new and sustainable technologies and, at the same time, at encouraging entrepreneurial ...

Romanian managers expecting moderate increase in the processing industry, retail trade, services, March-May 2024

Friday, March 29, 2024

Romanian managers are expecting a moderate increase in activities in the processing industry, retail trade and services between March and May, while for the construction sector should advance19%, according to the findings of a business survey conducted by the National Institute of Statistics (INS).In the processing industry, managers are expecting a moderate increase in production volume in March, April and May (short-term percentage balance + 9%). As ...

3.06% jobless rate in ANOFM evidence in February

Friday, March 29, 2024

The jobless rate recorded at national level was at the end of February 3.06%, 0.06% higher than in the same month of 2023, According to the National Agency for Labor Force occupation.   The total number of unemployed at the end of February 2024 was 246,701 people, of whom 56,704 were paid jobless people and 189,997 were unpaid. The number of paid jobles was 940, and the number of jobless not paif grew by ...

Wholesale trade records lower business in January 2024 against December 2023

Friday, March 29, 2024

Wholesale trade (except for cars and motorcycle sales) dropped in January 2024, against december 2023, by 20% as gross series and as adjusted series according the the number of work days and season, by 6.3%, according to data of the National Statistic Institute (INS).   Compared to January 2024, the business figure of wholesale trade was higher in January 2024, both as gross seris, by 1.2% and adjusted ...

Maia Sandu: Romania helps Moldova continuously and unconditionally

Thursday, March 28, 2024

Moldova’s President Maia Sandu said that the best way to celebrate 106 years since the Union of Bessarabia with Romania is to highlight the ties between the people from the two banks of the Prut. According to her, Romania helps Moldova continuously and unconditionally, https://www.ipn.md/ reports.“The best way to celebrate 106 years since the Union of Bessarabia with Romania is to highlight the ties between the people from both banks of the Prut, to ...

Moldovan PM participates in Moldova - Romania: Capital Bridges forum

Thursday, March 28, 2024

Representatives of big companies from Romania have been encouraged to invest in Moldova – a country which provides numerous economic advantages for developing businesses. Prime Minister Dorin Recean made an urge to this effect at the opening of the investment forum, Moldova – Romania: Capital Bridges, held in Bucharest, https://www.moldpres.md/ informs.        The PM said that, on ...

PM Ciolacu:: Capital market is an essential pillar of economic interconnection with Moldova

Thursday, March 28, 2024

    The capital market is an essential pillar of the economic interconnection between the Republic of Moldova and Romania. There is the energy area, where this interconnection is already operating with major intensity and which has proven really vital for the Republic of Moldova in the last year, the Prime Minister of Romania Marcel Ciolacu stated during the second edition of the Moldova-Romania Forum: Capital Bridges. “Through everything we do, we want ...

Official opening of the Economic and Commercial Mission of Francophonie in Central and Eastern Europe

Thursday, March 28, 2024

  The International Organization of the Francophonie (OIF) and Romania are organizing an economic and commercial mission of the Francophonie in Bucharest, from March 27 to 29, 2024, at the Palace of the Parliament.   Romania is a constant and far-reaching partner of Francophonie, including in its economic dimension, president Klaus Iohannis said on Wednesday within the Economic and Commercial Mission of Francophonie in Central and Eastern ...

Romania: EPPO carries out searches in investigation into fraudulent purchase of tugboats for Lower Danube Delta

Thursday, March 28, 2024

Today, 27 March 2024, the European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is leading 12 searches in an investigation against officials of the  Administration of the Galati Lower Danube River Administration (Administratia Fluviala a Dunarii de Jos Galati – AFDJ) and the Romanian Naval Authority (Autoritatea Navala Româna – ANR), ...

Ruling coalition mulls TikTok regulation amid youth right-wing surge

Thursday, March 28, 2024

Politicians from Romania’s ruling coalition are proposing either a ban or “strict” regulation of TikTok, prompted by survey data suggesting a growing preference for the far-right among young people, who are particularly active on social media, www.https://www.euractiv.com/ reports.   TikTok urgently needs to be regulated, especially in this election year, as it has become a platform for ...

The budget deficit up sharply as public spending spirals

Thursday, March 28, 2024

Romania’s finance ministry has confirmed that the general government budget deficit rose by 70% y/y to RON29bn (€5.8bn) in the first two months of 2024, https://www.intellinews.com/ informs. This is 1.67% of the year’s projected GDP up from 1.07% of GDP in the ...

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