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Annual inflation rate rises to 5.11% in November 2024
Thursday, December 12, 2024
The annual inflation rate rose to 5.11% in November 2024, up from 4.67% in October, as food prices increased by 5.11%, non-food goods prices by 5.15%, and services prices by 7.56%, according to data National Institute of Statistics (INS) published on Wednesday."The consumer price index in November 2024 compared to October 2024 was 100.41%. The inflation rate from the beginning of the year (November 2024 compared to December 2023) was 4.8%. The annual inflation rate in ...
Net investments in the Romanian economy up 2.6pct January through September
Thursday, December 12, 2024
Net investments in the national economy accounted for 130.953 billion RON in the first nine months of this year, up 2.6% compared to the first nine months of 2023, according to provisional data released on Wednesday by the National Institute of Statistics (INS).Thus, in the third quarter of 2024, net investments amounted to 51.781 billion RON, up 0.4% compared to the same period last year. Decreases were recorded in the structural elements: equipment (including means of ...
AHK Romania: Promoting innovation must be one of the new governmental program's priorities
Thursday, December 12, 2024
Promoting innovation must be one of the priorities of the new governmental program, argue the members of the Romanian-German Chamber of Commerce and Industry (AHK Romania), in a release sent on Wednesday.According to the cited source, AHK Romania has initiated a dialogue between the business and academic milieus in order to expand the partnership between German companies and Romanian universities in the field of research, innovation and continuous training. The meeting ...
Number of dwelling units put into use in Romania down January through September
Thursday, December 12, 2024
The number of dwelling units put into use in Romania, in the first nine months of this year, was 42,312, down by 7,681 dwelling units, compared to the same period in 2023, according to provisional data published on Wednesday by the National Institute of Statistics (INS).Overall, between January 1 and September 30, 2024, depending on the areas of residence, most housing units were put into use in urban areas, with a share of 56.6% of the total.At the same time, ...
The cyber attack on Electrica belonged to the Lynx Ransomware group; experts recommend using the Yara scan script
Thursday, December 12, 2024
The cyberattack of Monday on the critical systems of the Electrica Group was made by the group of cybercrime Lyns Ransomware informs the National Directorate for Cyber Security (DNSC) in a press release sent on Wednesday."DNSC advises all entities, especially those in the energy sector, whether or not they have been affected by the ransomware attack, backed by the Lynx Ransomware cybercrime group, to scan their own ...
EU official: JHA Council to vote on Thursday on Romania's accession to Schengen with land borders on January 1
Wednesday, December 11, 2024
The Justice and Home Affairs Council (JHA) will vote on Thursday on lifting controls on people at the internal borders with Romania and Bulgaria and between them from January 1, 2025, an EU official confirmed on Tuesday.Currently, on the agenda of the JHA Council dated December 9, there is the item "Decision of the Council establishing the date for the elimination of controls on people at the internal land borders with Bulgaria and Romania and between them", ...
IntMin Predoiu holds videoconference with Hungarian counterpart ahead of JHA Council meeting
Wednesday, December 11, 2024
The minister of interior, Catalin Predoiu, on Monday had a discussion, via videoconference, with his Hungarian counterpart, Sandor Pinter, in preparation for the meeting of the Justice and Internal Affairs Council on December 12."The Romanian dignitary briefly presented the measures being implemented by the Romanian authorities, in preparation for the second stage - accession to the Schengen area with land borders", informs a press release from the Ministry ...
Pro-European parties announce common governance programme, support for possible common candidate for president
Wednesday, December 11, 2024
The pro-European parties - Social Democratic Party (PSD), National Liberal Party (PNL), Save Romania Union (USR), Hungarian Democratic Union of Romania (UDMR), and the Parliamentary Group of National Minorities - announced on Tuesday evening, at the end of the first round of political consultations, their commitment to a common governance programme and the support for a possible common candidate for the presidential elections."Today, the pro-European ...
ParliamentaryElection2024/ AEP: 465 MPs in new Parliament, 364 men and 101 women
Wednesday, December 11, 2024
The Permanent Electoral Authority (AEP) presented on Tuesday statistical data on the composition of the new Parliament by gender and age groups, showing that in the next legislature, out of the total of 465 MPs, 364 are men and 101 are women.Moreover, 29 MPs are up to the age of 34, and 33 MPs are over 65, with most of them falling in the age group between 45 and 64.According to a press release issued by AEP, the situation of ...
Horatiu Potra, placed under judicial control; the decision is not final
Wednesday, December 11, 2024
Horatiu Potra, former French Legion fighter and leader of Romanian mercenaries fighting in Congo, who is providing security for presidential candidate Calin Georgescu and his close associates, has been placed under judicial control, the judges in Ploietti decided, rejecting the prosecutors’ request for preventive arrest. The magistrates’ decision comes after authorities carried out new searches at his home in Mediat, where they found two million euros ...
In the midst of the security crisis, the head of SIE flew on a private plane to watch a Formula 1 race in Baku, Abu Dhabi
Wednesday, December 11, 2024
The head of the Foreign Intelligence Service (SIE), Gabriel Vlase, accompanied by his deputy and two other people flew in a private plane to Azerbaijan in September to watch the Formula 1 Grand Prix in Baku, according ...
Trade deficit up 17.2pct January through October this year
Wednesday, December 11, 2024
The trade balance deficit (FOB/CIF) accounted for 27.211 billion euros in January-October this year, in Romania, higher by 3.993 billion euros (+17.2%) compared to the figure for the same interval last year, according to data published on Tuesday by the National Institute of Statistics (INS).During the mentioned period, FOB exports amounted to 77.731 billion euros, down by 1.2%, and CIF imports amounted to 104.943 billion euros, up by 3%, ...
Ministry of Finance draws 120 M RON off banks on Tuesday
Wednesday, December 11, 2024
The Ministry of Finance attracted 120 million RON from banks on Tuesday, in addition to Monday's auctions, when it borrowed 1.9 billion RON, at interest rates of 6.68% per year and 6.87% per year, respectively, through two benchmark government bond issues.The nominal value of the two additional issues was 60 million RON each. Banks submitted bids worth 165 million RON and 145 million RON, respectively.The Ministry of Finance (MoF) planned, in ...
Prosecutors carry out tens of home searches to dismantle organized crime group operating in real estate
Wednesday, December 11, 2024
DIICOT (Directorate for the Investigation of Organized Crime and Terrorism) prosecutors and officers from the Economic Crime Investigation Department are carrying out 47 home searches in Bucharest and the counties of Cluj, Satu Mare, Olt, Calarasi, Brasov, Ilfov and Maramures on Tuesday morning, to dismantle a group that obtained millions of euros from the fraudulent sale of land belonging to companies with foreign shareholders and that have not carried out commercial ...
Romanian company part of EC expert group to develop first AI Practice Code
Wednesday, December 11, 2024
The European Commission decided to setup a group of experts in charge of developing the first Code devoted to Generative Artificial Intelligence (GenAI) in Europe, which also includes Romania, by means of Decalex Digital, the only local company included in that innovating project. The initiative represents the necessary, crucial step in establishing standards for transparency, safety and ethics in using ...
FM: Over 1.3 million jobs occupied in public institutions and authorities in October 2024
Wednesday, December 11, 2024
There were 1,300,297 jobs occupied in public institutions and authorities in Romania, in October 2024, 33,489 more than in the previous month. The most important increase was recorded in the Ministry of Education (plus 29,491 jobs), according to data released by the Finance Ministry website. Over 64% of the occupied jobs were in central public administration (833,454 jobs, + 33,522 against September ...
Natural population growth remains negative in October
Wednesday, December 11, 2024
The number of birth certificates decreased 5.4% in October this year compared to the previous month, with 13,418 children being registered, and the natural population growth remained negative, as the number of deaths recorded was 1.5 times higher than the number of live births, according to data the National Institute of Statistics (INS) published on Tuesday."In October 2024, 13,418 birth certificates were registered, a decrease of 767 (-5.4%) ...
Partnership of Romanian Academy with French Embassy and French Institute for colloquiums, PhD fellowships
Wednesday, December 11, 2024
The President of the Romanian Academy, Ioan-Aurel Pop, signed on Tuesday a scientific partnership agreement with the Ambassador of France to Romania, Nicolas Warnery, and a collaboration agreement with the Director of the French Institute, Julien Chiappone-Lucchesi, for the organization of colloquiums and the award of three PhD fellowships for doctoral studies under a cotutelle arrangement.The thematic seminars will be held at the Romanian ...
Austria drops veto on Bulgaria, Romania fully joining Schengen travel zone - Reuters
Tuesday, December 10, 2024
Austria is dropping its veto on Romania and Bulgaria becoming full members of Europe's Schengen free-travel area, its interior ministry said on Monday, paving the way for European Union interior ministers to approve the move at a meeting on Thursday, Reuters reports. Romania and Bulgaria, both EU and NATO members, partly joined Schengen in March, after an agreement with Austria which ...
MAE: Fall of dictatorial regime in Damascus, turning point for Syrian people, subjected to suffering, oppression
Tuesday, December 10, 2024
The fall of the dictatorial regime in Damascus marks a historic moment and a turning point for the Syrian people, who have been subjected to suffering and oppression, the Ministry of Foreign Affairs (MFA) said in a press release issued on Sunday.According to the source, Romania supports the international community's efforts for peace and security in the region."Romania reiterates its support for Syria's unity, sovereignty and territorial ...