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Bill Gates invested USD 27 mln in Fondul Proprietatea through his charity foundation
Tuesday, November 20, 2018
The Bill & Melinda Gates Foundation (BMGF), the largest private foundation in the United States, has invested USD 27.3 million in Fondul Proprietatea global depository receipts (GDR) traded on the London Stock Exchange (LSE), according to foundation’s annual report quoted by http://business-review.eu. At the end of 2017, Bill & Melinda Gates Foundation owned 2.387 million GDRs at Fondul Proprietatea, with a market value of USD 27.3 ...
Volkswagen is looking for location in Eastern Europe for new plant
Tuesday, November 20, 2018
Volkswagen Group, the largest automobile manufacturer in Europe and the second largest in the world, announced on Friday it is looking for production location in Eastern Europe. MEP Siegfried Muresan (PNL, EPP) has sent on Monday an open letter to Prime Minister Viorica Dancila and to the Minister of Economy regarding this topic. “The decision is part of the new plan for the Volkswagen plants. The plants in Emden and Hanover (Germany) ...
ANM: Bad weather to last until Wednesday
Tuesday, November 20, 2018
The National Meteorology Administration (ANM) has updated the Code Yellow warning for bad weather, by issuing weather information to extend to warning until Wednesday. On Monday until 22.00h the Code Yellow remains in force for Eastern Carpathians and Moldavia, ziare.com informs, for snowfall and wind gusts of 40-50 km/h, mainly in southern Moldavia. Another warning refers to Code Yellow for strong wind and rainfall in the ...
President of the European Court of Auditors to pay an official visit to Romania over November 19-20
Monday, November 19, 2018
The President of the European Court of Auditors, Klaus-Heiner Lehne, is going to pay an official visit to Romania over November 19-20, answering thus to an invitation extended to him by the President of the Romanian Court of Accounts, Mihai Busuioc.According to a press release of the Court of Accounts, the invitation extended to the head of the European Court of Auditors came in the context of Romania preparing to take over the rotating presidency of the Council ...
PNL will attack with CCR the law for the declassification of the CSAT decision and that about imprisonment at home
Monday, November 19, 2018
The liberals (PNL – oposition) will attack with the Constitutional Court of Romania (CCR) the law which includes the declassification of the Supreme Council for National Defence (CSAT) decision no.17/2005 as well as the law according to which the execution of the sentences at home can be done only if the sentences are maximum for one year, with the exception of crime with violence, announced the PNL leader,Ludovic Orban. ‘A law ...
Protesters involved in violence at February 2017 rally, sentenced to prison
Monday, November 19, 2018
Three protesters involved in violence against gendarmes at a rally held in Victoriei Square in February 2017 against the adoption of Government's Emergency Ordinance 13 on the laws of justice were sentenced on Friday to imprisonment and another eight received suspended sentences.The crimes they were charged with are assault, public disorder and use of dangerous objects.Five protesters have to pay 2,000 euro to a gendarme whom they assaulted as material ...
Death of Mihnea Constantinescu, a great loss for Romania's diplomacy
Monday, November 19, 2018
The death of ambassador Mihnea Constantinescu is a great loss for Romania's diplomacy, the Foreign Affairs Ministry and the Diplomatic and Consular Corps having lost a respected colleague, but ambassador Mihnea Constantinescu will remain through all he has achieved in the history of the Romanian diplomacy and will continue to be a moral, professional standard, the MAE says in a release. "His career is intertwining with the birth and evolution of democratic, ...
Ecaterina Andronescu appointed as Minister of Education
Monday, November 19, 2018
President Klaus Iohannis signed on Friday the decree appointing Ecaterina Andronescu as Minister of Education, informs a press release issued by the Presidential Administration.On Tuesday Ecaterina Andronescu was unanimously nominated by the PSD (Social Democratic Party – at rule) leaders for the office of Minister of Education.On the same day President Klaus Iohannis was saying that analysing the proposal for Education "will take a little ...
Criminal complaint against social -democrat MP Iordache for his „middle finger” gesture in Parliament
Monday, November 19, 2018
An NGO has filed a criminal complaint against Social Democrat (PSD- at rule) Florin Iordache, deputy speaker of the Chamber of Deputies for his obscene gesture made in Parliament the past days, romaniajournal.ro informs. “Voice for Democracy and Justice” Association has also filed a complaint to the Police. “Voice for Democracy and Justice Association is filing a complaint to the Police 17 precinct ...
First US-Romanian chemical, biological, radiological and nuclear defence drill
Monday, November 19, 2018
The Embassy of the United States of America conducted the first joint chemical, biological, radiological and nuclear (CBRN) defense drill with Romanian security and response forces on November 15, 2018. Designed to test intervention and coordination abilities following a simulated attack, the exercise involved the specialized teams within the General Inspectorate of the Romanian Police, the General Inspectorate for Emergency Situations and the Romanian ...
Florin Citu warns: who works with or for the Sovereign Fund for Development and Investments risks to lose everything
Monday, November 19, 2018
The liberal (PNL - opposition) senator Florin Citu warned on Saturday on Facebook those who work with or for the Sovereign Fund for Development and Investments risk to lose everything as FDSI could be cancelled as it is non-constitutional. ‘The Emergency Ordinance (OUG) which regulates the sovereign funds for investments is non-constitutional. Without any doubts. It is no longer sensible to talk about it. PSD+ALDE ...
Emergency Ordinance approved by the Government on establishing sovereign funds is unconstitutional
Monday, November 19, 2018
The government has approved on Thursday the Emergency Ordinance (OUG), a legal framework, for the establishment of development and investment sovereign wealth funds, which will be organized as joint-stock companies, under terms to be established separately under government decisions, and which will be managed in a dualistic system by a Supervisory Board and a Management ...
Fitch affirms Romania's rating at 'BBB-', outlook stable
Monday, November 19, 2018
Fitch Ratings has affirmed on Friday Romania's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, the rating agency said in a release. Romania's country ceiling was affirmed at 'BBB+, and the short-term IDR in both foreign and local currency was affirmed at 'F3'. Issue ratings on long-term senior unsecured debt were affirmed at 'BBB-'."Romania's investment-grade ratings are supported by moderate levels of ...
Gov't debt drops to 34.7pct of GDP in August 2018
Monday, November 19, 2018
The public administration's dent dropped in the first eight months of the year reaching 34.7pct of the gross domestic product at August-end, against 35.1pct of the GDP in December 2017, but in terms of value the gov't debt grew to 310.86 billion lei at the end of August 2018, from 301.158 billion lei at the end of December 2017, according to data released by the Public Finance Ministry (MFP).Part of the debt, over 302.397 billion lei, respectively, is medium and ...
Eurostat: Romania, among highest annual inflation rates in EU in October 2018
Monday, November 19, 2018
The euro area annual inflation rate was 2.2pct in October 2018, up from 2.1pct in September 2018, with Estonia and Romania posting the highest annual rates, according to data released on Friday by the Eurostat EU official statistics office.In the euro area, there is the fastest pace of consumer price growth since December 2012.The figure provided by Eurostat is similar to the analysts' estimates and exceeds the target set by the European Central Bank. ...
The research and development activity in 2017
Monday, November 19, 2018
The R&D expenses represented 0.50% of the GDP1, of which 0.29% for the private sector and 0.21% for the public sector. In 2017, Romania spent 4317.1 million lei on the research and development activity At the end of 2017, 44801 employees were involved in the research and development activity, a slightly higher number than that recorded at the end of ...
Official program of December 1 celebrations in Alba Iulia released, some 100,000 expected to attend
Monday, November 19, 2018
More than 100,000 people are expected to gather at Alba Iulia - the flagship city of the Greater Union where the union of Transylvania and Romania was proclaimed 100 years ago - for the December 1 celebrations, city mayor Mircea Hava announced this week, as he presented the official program of the events to take place on Romania National Day."The celebrations for the National Day of Romania start in the evening of November 29 with a folk show at the Trade Unions' ...
EP President Antonio Tajani, European Commissioner for Justice Vera Jourova will pay visit to Bucharest next week
Friday, November 16, 2018
The President of the European Parliament, Antonio Tajani, leaders of the political groups in the EP, other high ranking officials will pay visits to Bucharest next, week, as announced on Thursday by Prime Minister Viorica Dancila, before the Government sitting. Among the high ranking European officials is also Vera Jourova, European Commissioner for Justice, Consumers and Gender Equality, who will arrive in the capital city on November 20. The visit of ...
European Commission: the CVM is meant to offer support, not to punish
Friday, November 16, 2018
The European Commission representatives have reacted to the criticism in Bucharest expressed by the Social-Democratic Party (PSD) regarding to the Cooperation and Verification Mechanism (CVM) report issued on Tuesday. In an exclusive reply to Digi 24 TV private broadcaster, the EC representatives said: We don’t have a political agenda. We are carrying out what we have been authorized to do when Romania joined the EU. The Commission does not take ...
PM Dancila: EP resolution is an expression of some electoral interests of European political groups
Friday, November 16, 2018
The resolution of the European Parliament regarding Romania is "the expression of some electoral interests of European political groups," Prime Minister Viorica Dancila stated on Thursday."We are able to prove to our European partners that Romania is a balanced, responsible member state, determined to contribute to the formation of the future of the European Union, regardless of the purely political approaches at one time or another. The European Parliament vote ...