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CFA Romania survey estimates a depreciation of the national currency against euro to 4.8462 units in the next 12 months

Wednesday, March 27, 2019


The financial analysts estimate a depreciation of the national currency against the European single currency to 4.8462 units in the next 12 months, a CFA Romania survey reveals in Tuesday. “With regard to the EUR/RON exchange rate, over 87% of participants anticipate a depreciation of the RON during the next 12 months (as compared to the present value). Thus, the average expectation for the 6-month horizon is 4.7885, while for the 12-month ...

Industry barometer in February: demand is back, but signs are contradictory; Managers loose optimism

Wednesday, March 27, 2019


In February, the situation in Romanian industry was rather confusing because on one hand, output demand and volume grew, while on the other hand, orders for export dropped, while managers lost their optimism, according to the monthly industrial barometer made by IRSOP and SNSPA and released on Tuesday. Every month, IRSOP and SNSPA ask a sample of managers whether output, orders, stocks, employment and other parameters had grown or dropped in ...

Unemployment rate drops nationwide to 3.31pct in February

Wednesday, March 27, 2019

The national unemployment rate fell to 3.31 percent at the end of February, down by 0.01 percentage points from the previous month and 0.63 percentage points below the value registered in the same month of 2018, the National Agency for Employment (ANOFM) announced on Tuesday.The total number of unemployed persons at the end of February was 288,568 persons, and out of this total, 61,559 were drawing unemployment benefits and 227,009 were not.ANOFM data ...

King Abdullah II's visit to Romania cancelled by Jordanian side

Tuesday, March 26, 2019


The Presidential Administration said that the visit King Abdullah II of the Hashemite Kingdom of Jordan was slated to pay to Romania beginning this Monday was canceled by the Jordanian side."The President of Romania, Mr. Klaus Iohannis, was to welcome this afternoon His Majesty King Abdullah II of the Hashemite Kingdom of Jordan at the Cotroceni Palace on the occasion of the latter's official visit to Romania. The visit was canceled today by the Jordanian side," ...

President Iohannis: PM Dancila managed to blow up Romania's relationship with Arab world as well

Tuesday, March 26, 2019

President Klaus Iohannis said on Monday that Prime Minister Viorica Dancila managed to blow up the relationship with the Arab world as well, showing that King Abdullah II of Jordan felt offended by Dancila's statements and therefore cancelled a planned visit to Romania."Initially, I had a tight schedule. I had to leave here tonight to host a dinner for an important and dear guest: the King of Jordan had been scheduled to come, but because of the dilettantism of ...

PSD's Dragnea: relocating Romania's Embassy from Tel Aviv to Jerusalem should be discussed in CSAT meeting

Tuesday, March 26, 2019

According to Chairman of the Social Democratic Party (PSD) and Speaker of the Deputies' Chamber Liviu Dragnea, the topic of relocating Romania's Embassy from Tel Aviv to Jerusalem should be discussed in Romania's Supreme Council for National Defence (CSAT) meeting."I have seen this analysis. It didn't seem to me, when I received it, to be an analysis indicating a particular variant. (...) The topic of moving Romania's Embassy from Tel Aviv to Jerusalem is a ...

Ambassador Fuad Kokaly:  the Arab states do not support Romania’s candidature for the Security Council anymore

Tuesday, March 26, 2019


The ambassador of the Palestinian Authority to Bucharest Fuad Kokaly who stated on Monday for a TV channel that the statement of the premier Viorica Dancila about the relocation of the embassy to Jerusalem will destroy the hopes that Romania be voted by the Arab states in the Security Council of the UN. ‘I think that the effects are evident from today,but it is not only about the Palestinians, it is about all the Arabs. They will not accept such ...

EU reaction to PM Dancila’s statements

Tuesday, March 26, 2019

The European Union’s position in regard to the relocation of embassies in Israel has not changed, a European Commission spokesperson said on Monday, referring to the statements made by Prime Minister Viorica Dancila in the US, regarding the relocation of the Romanian Embassy from Tel Aviv to Jerusalem. The official said she has seen the Premier’s statements, but also the ones of the President. “I am not I have ...

Agenda of the Pope Francis's visit to Romania in Bucharest, Sumuleu Ciuc, Iasi and Blaj

Tuesday, March 26, 2019

Pope Francis's apostolic visit to Romania will be carried out between 31 May and 2 June, in Bucharest, Sumuleu Ciuc, Iasi and Blaj, the Presidential Administration informed on Monday.According to the quoted source, the Sovereign Pontiff will be in Bucharest on 31 May, on 1 June he will tour Sumuleu Ciuc and Iasi and on 2 June he will be in Blaj.President Klaus Iohannis will welcome Pope Francis on 31 May, at 11:30hrs, at the "Henri Coanda" ...

Senate delegation to visit Morocco, March 27 - March 31

Tuesday, March 26, 2019

Chairman of the Romanian Senate Calin Popescu-Tariceanu will pay an official visit to Morocco, March 27-31, at the invitation of his Moroccan counterpart, Speaker of the House of Councillors Hakim Benchamach.According to an internal memorandum presented on Monday to the Senate Standing Bureau, Tariceanu will be accompanied by Senators Renica Diaconescu (PSD), Catalin Toma (PNL), Dan Lungu (USR), Karoly Zsolt Csaszar (UDMR), Daniel Zamfir (ALDE) and Gheorghe Baciu ...

Dragnea (PSD) says gov't reshuffle to take place prior to elections to EP

Tuesday, March 26, 2019

Chairman of the Social Democratic Party (PSD) Liviu Dragnea mentioned on Monday that a government reshuffle will take place before the elections to the European Parliament, underscoring that he doesn't believe that the ministers included on the list of PSD candidates, such as Rovana Plumb and Natalia Intotero, should remain in the Government until these elections."I don't think that they should remain in the Government until the election date. I told them, I also ...

Court exonerates former chief anti-graft prosecutor Kovesi of disciplinary offence

Tuesday, March 26, 2019

A five-judge panel of the Supreme Court of Justice on Monday denied an appeal filed by the Judicial Inspection, ruling that former head of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi did not commit a disciplinary offence when appointing her adviser, judge Dana Titian, to carry out an inspection at the DNA offices in Suceava and Iasi.The court's decision is final.In a dissenting opinion, two of the five magistrates, Corina Alina ...

Corina Cretu: Romania has no excuse if they go on losing European money

Tuesday, March 26, 2019


The EU governments must understand that they cannot decide from their capital city where, how much and how they can invest at local level, says the European commissionaire for regional policies Corina Cretu. The needs of the citizens are known by the citizens, she says. Romania has accumulated  sufficient experience after 12 years as a member state of the EU not to have excuses if they continue to have legal problems connected to the loss of ...

The ministry  of finances drew on Monday 214 million lei from the banks at an yield of 5.15% per year

Tuesday, March 26, 2019

The ministry of  public finances (MFP) borrowed on Monday 214 million lei from banks, through a bond emission with maturity at 150 months, at an average yield 5.15% per year,according to the data sent by the National Bank of Romania. (BNR).The nominal value of the emission on Monday was 200 million lei and the banks subscribed 545.5 million lei.On Tuesday there is progrmmed a supplementary bid through which the state wants to draw another 30 ...

BVB president advises wise private pension investment, salary or savings accounts not recommendable

Tuesday, March 26, 2019

 The advice president of the Bucharest Stock Exchange (BVB) Lucian Anghel has for those seeking extra retirement income from private pension savings is that they should build their own private pension by investing wisely, and not stash the money in salary or savings accounts that offer interest rates below inflation. Attending on Monday a financial education event for students, Anghel told the attendance: "Einstein said: 'He who understands the power of ...

Over 4.68million pensioners, at the end of February 2019:average pension 1,181 lei

Tuesday, March 26, 2019


A number of 4,680,445 pensioners was recorded at the end of February 2019 in Romania, dropping by 5,509 people against the previous month and the average pension was 1,181 lei according to the data centralised by the National House for Public Pensions (CNPP).The number of those who got retired at the age limit was 3,565,817 people, out of which 1,983,566 women, while the average pension was 1,339 lei.Early pension was received in February 2019 a number ...

Investments in new construction works exceeds 36 billion lei in 2018

Tuesday, March 26, 2019

The investments made in new construction works amounted to 36.437 billion lei last year, representing 43.4% of the total net investments made in the national economy (84.004 billion lei), compared to 45.6% in 2017, according to data centralized by the National Institute of Statistics (INS).The volume of construction works, as gross series, by structural elements and by types of constructions in 2018, compared to the previous year, fell by 4.1% in total. The volume ...

“The Atlas of Beauty”, Mihaela Noroc 's photo exhibition at the UN Headquarters

Tuesday, March 26, 2019


The Permanent Mission of Romania to the United Nations and the Romanian Cultural Institute in New York are presenting at the UN Headquarters in New York from 25 to 29 March 2019 the photo exhibition The Atlas of Beauty of the Romanian photographer Mihaela Noroc. The exhibition was inaugurated Monday, March 25, by the Permanent Representative of Romania to the United Nations, Ambassador Ion Jinga, together with the Director of the Romanian Cultural Institute in New York, ...

PM Dancila: Romania's Embassy in Israel will be moved to Jerusalem

Monday, March 25, 2019


Prime Minister Viorica Dancila announced that Romania's Embassy in Israel will be moved from Tel Aviv to Jerusalem."Romania's Government initiated an assessment process regarding the opportuneness of moving Romania's Embassy to Jerusalem. This is why, I am delighted to announced today, before the AIPAC audience, that after the completion of the analysis by all the constitutional actors involved in the decision-making process of my country and in full consensus, I, ...

President Iohannis: PSD governance represented "an entire assault over Romania's rule of law and democracy"

Monday, March 25, 2019

President Klaus Iohannis stated on Saturday that the referendum on justice should be "well-organised, well-thought-out" in partnership with the civil society and with political parties "good faith.""In order to give the Romanians their vote back, I started to re-assess the idea of a referendum. Because only in this way, the Romanians can show that they no longer agree with the way in which the PSD [the Social Democratic Party] damages the laws of ...

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