Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS



Nicusor Dan: Quarantining Bucharest, hypothesis not considered at this time

Monday, December 14, 2020

General Mayor of the Capital, Nicusor Dan, declared on Friday that quarantining the Municipality of Bucharest is not currently being considered."Quarantining is not a hypothesis to be considered at this time," the general mayor said in a statement at the government headquarters.Most cases of SARS-CoV-2 infection have been recorded in Bucharest - 83,371 and in Cluj - 25,390 and Iasi - 23,294 counties, so far, according to data released on Friday ...

MedLife to issue first digital certificate with secure stamp for Covid antibodies

Monday, December 14, 2020

MedLife will issue, for the first time, through the National Printing House, a unique certificate with a secure stamp for patients who have experienced SARS-CoV-2 infection, according to a company's release sent on Friday.This is in the context of restrictions imposed by the authorities, in order to avoid mass infections with COVID-19, viral pneumonia caused by the SARS-CoV-2 virus, as well as the growing number of people considered cured.These ...

Iohannis, în Brussels: I will be involved in constructing structures to support Romania's efforts in climate change domain

Monday, December 14, 2020

President Klaus Iohannis stated, on Thursday, in Brussels, where he participated in the meeting of the European Council, that he will be involved in constructing some structures to support Romania's efforts in the domain of climate change."The fight against climate change is being conducted through concrete actions, on the medium- and long-term, actions with a quantifiable and real impact. In this sense, together with the Government, we will elaborate public ...

MAE reaffirms Romania's commitment to regional cooperation at the Black Sea

Monday, December 14, 2020

Secretary of State Dan Neculaescu participated, on Friday, in the ministerial meeting for the Common maritime agenda for the Black Sea/CMA, organized by the Bulgarian Ministry of Transport, Information Technology and Communications, as coordinator, in 2020, of the CMA steering group.According to a press release of the Foreign Affairs Ministry (MAE) ...

OSCE/ODIHR : report of election observation mission - in February

Monday, December 14, 2020

The final report of the observation mission of the recent parliamentary elections in Romania will be published in February next year.According to a statement sent by Permanent Electoral Authority (AEP) on Friday, an AEP delegation met with members of the Organization for Security and Co-operation in Europe - Office for Democratic Institutions and Human Rights (OSCE/ODIHR) that conducted the election observation mission for the Senate and the Chamber of ...

Coalition negotiations concluded Sunday, person of PM not agreed

Monday, December 14, 2020


Monday, at the Cotroceni Presidential Palace, there will be consultations of the head of state with representatives of the political formations represented in the future Parliament, in view of designating the candidate for the position of Prime Minister. President Iohannis invited to the consultations the representatives of the Social Democrat Party (PSD), PNL, the USR PLUS Alliance, the Alliance for the Union of Romanians (AUR), and the UDMR, but also of the national ...

PSD wants a minority government with Rafila as PM, or government of national union

Monday, December 14, 2020

Chairman of the Social Democratic Party (PSD) Marcel Ciolacu stated on Sunday evening that the Social Democrat MPs will vote in the Parliament either a PSD minority government, with Alexandru Rafila as Prime Minister, or a national union government."We will go with the proposal of Dr. Alexandru Rafila as Prime Minister and we hope to enter the spirit of the Constitution, and the president to mandate Mr. Rafila to outline his parliamentary majority. (...) We ...

AUR won't make alliance or a coalition "neither with the left, nor the right"

Monday, December 14, 2020

The co-chair of the Alliance for the Union of Romanians (AUR), George Simion, stated, on Sunday, in the center of Craiova, Dolj County, in a public meeting with members and sympathizers of the party, that AUR will revolutionize the Romanian political class and won't make an alliance or a coalition "neither with the left, nor the right."Simion told his party colleagues that they will keep in touch directly and urged them to shut down their TVs, because, he ...

Analysis: How the unknown AUR became the fourth largest party in the Romanian Parliament

Monday, December 14, 2020

The December 6 parliamentary elections in Romania have brought a new political force on the local scene while also marking the political demise of three once almighty politicians. The big surprise is called the Alliance for Romanians’ Unity (AUR), a conservative and nationalist political party established just one year ago, on December 1, 2019, which took 9% of the votes in the recent parliamentary elections. The acronym of the party’s name, AUR, means ...

Parliamentary elections marked the end of an era for Basescu, Ponta and Tariceanu

Monday, December 14, 2020

Traian Basescu, 69, was president of Romania between 2004 and 2014. He was then a senator in Romania’s Parliament from December 2016 until June 2019, when he was elected as a member of the European Parliament.   Victor Ponta, 48, was prime minister of Romania from may 2012 until November 2015, when he resigned amid the street protests after ...

Fitch Ratings: Election outcome in Romania does not diminish medium-term fiscal uncertainty

Monday, December 14, 2020

The outcome of the general elections in Romania indicates a continuation of political uncertainty and consequently a difficult environment for policy making, shows a report of Fitch Ratings, a financial rating agency, according to which the adoption of the 2021 budget will be an immediate test of the future administration's cohesion and an indication of the possible direction of the fiscal policy.Managing a three- or four-party coalition could consume ...

Annual inflation rate, down to 2.1% in November

Monday, December 14, 2020


- Consumer prices were up 2.1% in November 2020 compared to November 2019. The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 1.7%. - The average consumer price rate based on the CPI over the last 12 months (December 2019-November 2020) as compared to the previous 12 months (December 2018-November 2019) is 2.8%. The average rate based on the HICP is ...

Scope Ratings: CEE economy to contract by 5.3% in 2020

Monday, December 14, 2020


The economy of Central and Eastern Europe (CEE) will shrink by about 5.3% in 2020, compared with an 8.9% contraction in the euro area, Berlin-based Scope Ratings said on Thursday.   Since the global financial crisis, CEE countries have developed more diversified engines of growth, debt management strategies have led to longer government debt maturities and a higher ...

Industry turnover down by almost 9pct Jan-Oct

Monday, December 14, 2020

The overall industry turnover (internal market and external market), decreased by 8.6 per cent, in nominal terms, in the first 10 months of the current year, compared to the same period in 2019, but it increased by 1.6 per cent in October compared to the previous month, according to data the National Institute of Statistics (INS) published on Friday.In October 2020, the overall industry turnover (internal market and external market) also increased, in ...

New orders in processing industry decrease by 7.1% in 10 months

Monday, December 14, 2020

New orders in the processing industry decreased by 7.1% in the first ten months of the year, compared to the same period of the previous year, but increased by 6% in October 2020 from October 2019, according to data published on Friday by the National Institute of Statistics (INS).According to official statistics, between January 1 and October 31, the decline in new orders in the processing industry was caused by activities in the consumer goods industry ...

Average gross salary up 38 lei in Romania, in October

Monday, December 14, 2020


? In October 2020, the average gross nominal earnings were 5452 lei, with 38 lei (+0.7%) higher than the one registered in September 2020. ? The average net nominal earnings were 3343 lei, increasing as against the previous month with 22 lei (+0.7%). ? The highest values of the average net nominal earnings were recorded in computer programming, consultancy and related ...

Iohannis, on unblocking EU budget, economic recovery package: Romania ready to use these funds

Friday, December 11, 2020


President Klaus Iohannis said on Twitter on Thursday evening about the unblocking of the future budget of the European Union and the economic recovery package after the COVID-19 pandemic, that "Romania is ready to use these funds to reforms and investments in key sectors"."Important agreement today by unblocking the future budget of the European Union and the economic recovery package. Romania is ready to use these funds for reforms and investments in key ...

President Iohannis to hold consultations with parties at Cotroceni Presidential Palace on Monday

Friday, December 11, 2020


Romania's President Klaus Iohannis has invited the chairs of the parties and political formations represented in Romania's Parliament, to the Cotroceni Presidential Palace on Monday, for consultations aimed at designating the candidate for the prime minister office, the Presidential Administration informs.The consultations will take place after the following schedule:11:00 - the Social Democratic Party (PSD);12:00 - the National Liberal ...

Marcel Ciolacu informed European socialists about situation in Romania, after parliamentary elections

Friday, December 11, 2020

Marcel Ciolacu announced that PSD had sent letters to European socialists and presented situation in Romania, following parliamentary elections, about the fact that the Romanians' vote had not been observed at the ballot where PSD got first place. The social democrats leader reminded that there was an OSCE report on which president Iohannis was criticized   for president Iohannis involvement in the election campaign,next to ...

Alexandru Rafila - validated by National Political Council of PSD to be proposed Prime Minister

Friday, December 11, 2020


Doctor Alexandru Rafila was voted by the National Political Council to be proposed by the Social Democrats for Prime Minister."Today, in the National Political Council, we put to vote so that on Monday we go to Cotroceni [Presidential Palace] with Professor Alexandru Rafila, the PSD's [the Social Democratic Party] proposal for the position of Prime Minister. After we saw in the state of emergency how in the Prime Minister's office there was smoking and ...

Premium News


Friday, January 15, 2021

Financial & Banking

Monday, January 11, 2021


Tuesday, January 12, 2021


Wednesday, January 13, 2021

Energy & Environment

Thursday, January 14, 2021