Loading page...

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



US Ambassador Klemm: there is a great need for infrastructure in Romania

Tuesday, July 23, 2019

There is a great need for infrastructure in Romania and it is still difficult to get to Transylvania, US Ambassador in Bucharest Hans Klemm stated on the occasion of participating in a debate organised by the Histories and Film Festival in Rasnov (FFIR).He said he was amazed of how full of life Brasov is, taking into account that it doesn't benefit a motorway and the railway system could be improved. The Ambassador said that when returning to Rasnov for the last ...

PM Dancila: In first CSAT meeting, Comarnic-Brasov motorway shall become of national importance

Tuesday, July 23, 2019


Prime Minister Viorica Dancila stated on Sunday in Pitesti that, in view of starting the works on the Comarnic - Brasov motorway more quickly, the motorway will be removed from the public-private partnership and it will be declared of national importance in the next meeting of Romania's Supreme Council for National Defence (CSAT).Dancila mentioned that a request from a Chinese-Turkish company was received for the construction of this motorway in a public-private ...

Minister Pintea: the health insurance card computer system blocked by „disproportionate bureaucratic procedures”

Tuesday, July 23, 2019

Minister of Health Sorina Pintea stated on Monday that in the past few years, the National Health Insurance House (CNAS), "by using disproportionate bureaucratic procedures", has blocked the normal functioning of the health insurance card computer system."For years, the National Health Insurance House - and I say the House, although I know very clearly which are the departments that have made sure the procedures do not go in the legal and normal direction - by ...

Finance Ministry raises 706.5 ml lei from banks for average yield of 3.89 pct

Tuesday, July 23, 2019

The Ministry of Public Finance (MFP) raised today 706.6 million lei from banks for a benchmark bond issue with a 50-month residual maturity, at an average yield of 3.89 pct per annum, shows data released by the National Bank of Romania (BNR).The nominal value of the issue was 600 million lei and the banks filed bids worth 1.294 billion lei.An additional bidding session is scheduled for Tuesday, as the FinMin plans to raise another 90 million lei for ...

Romania's exports to EU states up 4.9pct, Jan.-Apr. 2019; imports up 7.5pct

Tuesday, July 23, 2019


Romania's exports to the other 27 member states of the European Union increased by 4.9 percent between January and April 2019 compared to the similar period of last year, whereas the imports of the EU states increased by 7.5 percent, according to the data of the National Institute of Statistics (INS).The exports to the EU states have a total share of 77.6 percent.The countries ranking on the first three positions in terms of exports were Germany (23.3 ...

Over 26,334 job vacancies at national level Monday

Tuesday, July 23, 2019

A number of 26,334 job vacancies at national level were registered on Monday by the National Employment Agency (ANOFM), which receives data provided by economic agents, informs ANOFM.Most of the jobs offered at national level were for sales assistant (1,613 posts), apprentice (1,288 posts), security agent (1,196), unskilled worker for assembling parts (1,099), unskilled worker in the garment industry (1,015), goods handler (666), textile assembler (634), unskilled ...

Festivals market at record-high 600 ml lei due to staple events like Neversea, Untold or Electric Castle

Tuesday, July 23, 2019

The Romanian music festivals this summer and the high-profile artists scheduled to perform here will attract more than one billion spectators, taking the market to an all-time record high of more than 600 million lei, shows a survey by Frames consulting company.After Neversea, Ed Sheeran, Electric Castle, Bon Jovi and The Cure successively took the spotlight, with audiences running into several thousands, the festival season continues with Untold, AfterHills, the ...

GEMO report 2019-2023 : Media and entertainment industry in Romania, to reach 3bln US dollar threshold in 2019

Tuesday, July 23, 2019


The media and entertainment industry in Romania will reach in 2019 the 3 billion US dollar threshold, up 7.1pct compared to 2018, but remains the smallest market in Central and Eastern Europe (ECE), according to the PwC Global Entertainment & Media Outlook report 2019-2023 (GEMO).By 2023, the average annual growth rate will be over 6pct, with the market value rising to 3.8 billion US dollars."Following the global trend, personalization and ...

President Macron will support Kovesi for European Chief Prosecutor's office

Monday, July 22, 2019


President Klaus Iohannis on Friday had a phone conversation with his French counterpart, Emmanuel Macron, during which the latter told him France will support ex-DNA (National Anti-Corruption Directorate) Prosecutor-in-Chief Laura Codruta Kovesi's candidacy for the office of Chief Prosecutor of the European Public Prosecutor's Office, informs the Presidential Administration in a release."The two counterparts approached a series of European topics, with an emphasis ...

PM Dancila to discuss with ALDE, Pro Romania leaders; she wants a coalition

Monday, July 22, 2019

Prime Minister Viorica Dancila stated that she will have a meeting with the ALDE (Alliance of Liberals and Democrats) and Pro Romania leaders, Calin Popescu-Tariceanu and Victor Ponta, underscoring that she wants a coalition of the three political parties to support one single candidate in the presidential elections."We've spoken over the phone, we haven't managed to have a discussion on the presidential elections yet. We will definitely have a discussion with ...

PMP to unveil its presidential candidate by August 10

Monday, July 22, 2019

 People's Movement Party (PMP - oppoition) will unveil its presidential candidate before August 10, the party's chairman, Eugen Tomac, said on Friday, adding that the party commissioned an opinion poll comprising him, Robert Turcescu, Theodor Paleologu, Mihail Neamtu and George Mioc."We had a very hot meeting, where we only discussed the upcoming presidential election, a very important election all Romanians are waiting for. As I pointed out at the beginning ...

Dan Barna to run in presidential elections for Alliance 2020 USR PLUS; Ciolos - PM

Monday, July 22, 2019

USR (Save Romania Union - opposition) leader Dan Barna will be running in the presidential elections for the Alliance 2020 USR PLUS, while Dacian Ciolos will be the Prime Minister proposal, sources from the Alliance said on Friday.The two political entities involved in this alliance, USR and PLUS (Liberty, Unity and Solidarity Party), have reached a protocol after negotiations on Friday, with the next step to be its validation by the National Bureau of the USR and ...

BNR: the debts of the public administration dropped at 21.1% of GDP in Q1

Monday, July 22, 2019


The debts of the Public administration dropped by 1.4 percentage points in Q1 of 2019 as compared to the similar period of last year, getting to 21.1 percent of GDP according to the data published on the site of the National Bank of Romania.Shares and bonds of the state got reduced by 0,2 percentage points, getting to 8.4% of GDP. Deposits and cash of the public administration got reduced by 1.5 percentage points down to 4.8% of GDP due to the payment of ...

MFP: Romania's Q1 2019 gov't deficit: 0.5pct of GDP

Monday, July 22, 2019


Romania's Q1 2019 government deficit is 0.5 percent of the Gross Domestic Product (GDP), while the percentage reported on Friday by Eurostat of 4.5pct of GDP quarterly is calculated against the seasonally adjusted ESA balance by reference to the quarterly GDP, according to the Romanian Ministry of Public Finance (MFP)."With regard to the Eurostat press release mentioning Romania's Q1 2019 government deficit, we need to clarify the following: the difference between ...

Eurostat: Romania, highest governmental deficit, among lowest public debts in EU, in Q1

Monday, July 22, 2019

At the European Union level, Romania had the highest governmental deficit in Gross Domestic Product in the first quarter of this year, with 4.5pct of GDP, whereas in the Eurozone, the governmental deficit was 0.5pct of GDP, and the European Union had a governmental deficit of 0.6pct of GDP, according to data released Friday by Eurostat.Also, Eurostat data shows that Romania was also the leader in the increase of the governmental deficit in the first quarter of ...

First quarter of 2019 compared with fourth quarter of 2018: Government debt up to 85.9% of GDP in euro area ;Up to 80.7% of GDP in EU28

Monday, July 22, 2019

At the end of the first quarter of 2019, the government debt to GDP ratio in the euro area (EA19) stood at 85.9%, compared with 85.1% at the end of the fourth quarter of 2018. In the EU28, the ratio increased from 80.0% to 80.7%,according to data released Friday by Eurostat. However, compared with the first quarter of 2018, the government debt to GDP ratio fell in both the euro area (from 87.1% to 85.9%) and the EU28 (from 81.6% to ...

Infant mortality halved between 1997 and 2017

Monday, July 22, 2019

In the EU-28 in 2017, around 18 200 children died before reaching one year of age; this was equivalent to an infant mortality rate of 3.6 deaths per 1 000 live births,according to data released Friday by Eurostat. During the 10 years from 2007 to 2017, the infant mortality rate in the EU fell from 4.4 deaths per 1 000 live births to 3.6 deaths per 1 000 live births; extending the analysis to the last 20 years, the infant mortality rate was almost ...

Survey: Most Romanian employees have a hard time disconnecting from their job on holiday

Monday, July 22, 2019

Most Romanian employees believe that a quiet vacation where they disconnect from work and spend time with family or friends has a direct impact on their performance at work. However, only one in five manages to get away and enjoy their holiday without thinking about work,  according to a survey conducted by BestJobs. The other four out of five remain connected to their job in one way or another, whether through calls from coworkers or managers or ...

London remains at the top of the cities preferred by the Romanian tourists for the summer holiday

Monday, July 22, 2019


London, Rome, Brussels, Paris and Milan are at the top of the European cities preferred by the Romanians  for the summer holiday and the plane tickets booking increased by 13% against the same period of 2018, show the data published on Friday by a tour operator.Thus, according to Vola.ro, the five preferred destinations in the top were the same last year, with the difference that in 2019 there is a growth of 10-13% as compared to 2018, depending on the  ...

European Parliament maintains its support to the Romanian candidate for European Chief Prosecutor

Friday, July 19, 2019


At the request of the Conference of Presidents of the European Parliament, President David Sassoli will send in the next hours a letter to the Council recalling the Parliament's full support to Laura Codru?a Kövesi as European Chief Prosecutor, a press release sent by the EP's press office  informs. President Sassoli said, "Ahead of the informal meeting of the Justice and Home Affairs Ministers in Helsinki, the Parliament wishes to ...

Premium News


Friday, August 23, 2019

Financial & Banking

Monday, August 19, 2019


Tuesday, August 20, 2019


Wednesday, August 21, 2019

Energy & Environment

Thursday, August 22, 2019