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Outstanding RON-denominated loans decline 2.15pct in June 2019, forex-denominated 8pct

Thursday, July 25, 2019

The total amount of outstanding loans in the local currency, the leu (RON), both individual and corporate, was standing at 4.837 billion lei in June 2019, down 2.15pct from May, while outstanding forex-denominated loans decreased by 8pct, to 2.578 billion lei (equivalent), according to a report of the National Bank of Romania (BNR).Total RON-denominated loans amounted to 173.041 billion lei (1.26pct above the previous month's value), out of which 67.493 billion ...

Romania's unemployment rate, down 2.9pct in June

Thursday, July 25, 2019

The national unemployment rate in June stood at 2.9 pct, 0.54 percentage points below the figure recorded in the same month of 2018, according to data from the National Employment Agency (ANOFM), published on Wednesday.However, the percentage reported in June was 0.03 percentage points higher than in May 2019.ANOFM data show that the total number of unemployed registered at the end of June, of 257,583 persons, was by 2,952 higher compared to the figure ...

Almost 800 people seek asylum in Romania in H1 2019

Thursday, July 25, 2019

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Almost 800 people asked Romania for international protection in the first half of 2019 according to the country's General Immigration Inspectorate (IGI)."In the first half of 2019, 792 people applied for international protection from Romania, and in 240 cases the refugee status was acknowledged or subsidiary protection was awarded and more than 500 beneficiaries of a form of protection signed up for integration programmes," says IGI in a press statement released ...

Exhibitions, concerts and workshops for Armeneasca Street Festival between 2 and 4 August

Thursday, July 25, 2019

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The sixth edition of the Armeneasca Street Festival will take place between 2 and 4 August, with exhibitions, concerts and workshops, guided tours, informs a press release.   In the three days of festival there will be bands and soloist known to the Bucuresti public: the Motans (3 rd August), Moolight Breakfast (4 th August) and Valeria Stoica (3 ...

Viorica Dancila nominated as party's presidential candidate

Wednesday, July 24, 2019

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National leader of the Social Democratic Party (PSD) Viorica Dancila was nominated on Tuesday by the party's National Executive Committee (NEC) as presidential candidate, Social-Democratic sources said.Dancila had earlier won the majority vote of PSD's National Standing Bureau for her nomination as presidential candidate.Dancila's presidential bid will be confirmed by the PSD Congress on August 3. The move comes after Bucharest ...

UDMR signs Political Pact initiated by Klaus Iohannis, with certain conditions

Wednesday, July 24, 2019

The Hungarian Democratic Union of Romania (UDMR) and the parliamentary group of national minorities signed National Political Pact regarding Romania’s European course, initiated by President Klaus Iohannis after the EP elections and the referendum on Justice. UDMR wants the revision of the constitution so that the ...

Iohannis: CCR invalidating certain Constitution amendment proposals - no tragedy, let parties come up with alternatives

Wednesday, July 24, 2019

President Klaus Iohannis said on Tuesday that it's "no tragedy" that the Constitutional Court of Romania (CCR) has invalidated some of the proposals to amend the fundamental law, hammered out after the May 26 referendum, stating that the political parties will simply have to come up with alternative law amendment solutions."The Constitutional Court has confirmed the results of the referendum as early as last month, rendering this action the society insistently ...

The law extending the electoral period promulgated: Three days to vote in the Diaspora

Wednesday, July 24, 2019

President Klaus Iohannis promulgated on Tuesday the law on early voting and vote by mail for Romanians abroad."I have promulgated today, here and now, the law that should allow Romanians from abroad to exercise their right to vote without having to wait for hours in line and without fear that they will not be able to vote until the polls close," the head of state said at the signing ceremony of the National Political Agreement for the consolidation of Romania's ...

The EU resumes budget support assistance to the Republic of Moldova

Wednesday, July 24, 2019

The Commission has resumed budget support assistance to the Republic of Moldova by disbursing €14.54 million today to support the implementation of the EU-Moldova free trade agreement, to finance vocational education trainings and to assist the implementation of the visa liberalisation action plan. Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations commented: “Today's package ...

Prime Minister dimisses CNAS head

Wednesday, July 24, 2019

Prime Minister Viorica Dancila has dismissed on Tuesday the head of the National Health Insurance House (CNAS), Razvan Vulcanescu.At the same time, the premier ordered the Inspection Body be sent to CNAS for verification. The move follows public outcry over the insurer's healthcare card information system having been down for 18 ...

Nistor's mandate as DNA interim chief prosecutor extended by another six months

Wednesday, July 24, 2019

The Prosecutors' Section of the Superior Council of Magistracy (CSM) extended on Tuesday by another six months Calin Nistor's mandate as interim chief prosecutor of the National Anticorruption Directorate (DNA).The decision was announced by Justice Minister Ana Birchall, at the end of the meeting.The DNA prosecutor-in-chief office became vacant after Laura Codruta Kovesi was dismissed from office through a decree issued on 9 July 2018 by President ...

Birchall about resignation of prosecutor Marius Iacob: I sent the Control Body to verify

Wednesday, July 24, 2019

Minister of Justice Ana Birchall announced she sent the Control Body to conduct verifications in the case of the resignation of prosecutor Marius Iacob from deputy head of the National Anti-Corruption Directorate (DNA), while specifying she sent the request for removal from office of Iacob to President Klaus Iohannis on Friday."On Friday I found out about this and I sent, late, it's true, the request for removal from office to President Klaus Iohannis, and I also ...

Loans to non-government sector reaches 259.57 billion lei in June 2019

Wednesday, July 24, 2019

At end- June 2019, loans to non-government sector granted by credit institutions advanced by 0.8 percent (1.0 percent in real terms) from May 2019 to 259,570.9 million lei (RON), while in year-on-year comparison, loans to non-government sector went up 7.1 percent (3.1 percent in real terms) according to data released on Tuesday by the National Bank of Romania (BNR).RON-denominated loans went up 1.3 percent (1.5 percent in real terms) and foreign ...

Deposits of non-government resident customers up to RON 336,975.1 million, in June

Wednesday, July 24, 2019

Deposits of non-government resident customers went up 0.1 percent month-on-month to RON 336,975.1 million in June 2019, and up 7.7 percent (3.7 percent in real terms) over the same year-ago period.RON-denominated household deposits moved up 1.0 percent to RON 124,396.2 million month-on-month and up 8.7 percent (4.7 percent in real terms) year-on-year.RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial ...

Romania has the lowest net average wage for the IT sector in the region

Wednesday, July 24, 2019

While Romania has a lack of work-force in the IT sector that counts to thousands of jobs, the wages in the sector are still the lowest in the region. The highest salaries in the region for those working in IT are paid to Estonian specialists, whose net average wage is EUR 1,567 per month, according to the Paylab payroll comparator launched in Romania by eJobs.ro. They are followed by Slovenia, EUR 1,341 a month, Czechs, EUR 1,289 and Slovakia, which earn an ...

One out of ten start-ups in Romania has access to financing and mentoring at international standards (analysis)

Wednesday, July 24, 2019

One out of ten start-ups (10%) that activate in Romania has simultaneous access to financing and mentoring at international standards and access to financing must be facilitated to increase local ecosystem, according to a study made by a British investment platform. According to Angels Den Funding, a start-up with big chances for success is a company with existing product (MPV) based on an idea with innovative ...

Europafest Summer Edition @ Sinaia: Exceptional concerts – Classic in the Park/ Casino Sinaia and Gala/ Peles Castle

Wednesday, July 24, 2019

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Europafest Festival, an event under the High Patronage of the Royal House, brings 5 classical music and jazz concerts to Sinaia, with musicians from ten countries: Great Britain, USA, Germany, France, Belgium, Poland, Turkey, Brazil, Bulgaria and Romania. According to tradition, the festival gala is held at Peles Castle, in the concert hall of the royal residence. On July 28, 4.00 p.m, jmEvents and festival partners – Sinaia Town Hall, Mara ...

Ponta: Informal talks with Dancila, Tariceanu; no decision made on "political candidacies or cooperation"

Tuesday, July 23, 2019

Victor Ponta, the chairman of PRO Romania, announced on Monday that he had informal talks with the Social Democratic Party (PSD, major at rule) and the Alliance of Liberals and Democrats (ALDE, minor at rule) leaders - Viorica Dancila and Calin Popescu-Tariceanu, saying that no decision was made on "political candidacies or cooperation.""We have had informal talks today with Mrs. Viorica Dancila and Mr. Calin Popescu-Tariceanu. We insisted only on the main ...

Two PSD candidates step out of the internal race for the presidential election

Tuesday, July 23, 2019

Finance Minister Eugen Teodorovici has announced on Sunday that he is withdrawing from the internal race of the Social Democrat Party to elect the candidate ...

PNL National Council on 8 August; start of presidential election campaign, on agenda

Tuesday, July 23, 2019

The National Council of the National Liberal Party (PNL) will convene on 8 August in Bucharest, the Liberals' chairman Ludovic Orban announced on Monday."We decided to convene the National Council of the PNL on 8 August at 4:00 pm. We have set the agenda for this National Council. The points on the agenda are: the report of the Executive Bureau, the report of the parliamentary groups in the Chamber of Deputies, the Senate and the European Parliament, the approval ...

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