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Titus Corlatean,  supported by PSD for the interim leadership of the Senate

Monday, February 3, 2020

The executive national committee of PSD decided to support Titus Corlatean for the interim leadership  of the Senate until the statement from the Constitutional Court with regard to the present head of the superior chamber, Teodor Melescanu.The interim chairman of PSD Marcel Ciolacu stated on Friday after the CExN meeting that it was decided that ‘ until the CCR answer with the regard to the election of the Senate president we should go on with one of ...

Minister Citu: 20 billion lei, loans made by PSD in the past have to be paid in the first three months of 2020

Monday, February 3, 2020

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The minister of finances Florin Citu states that, in the first three months of this year, the loans made by social-democrats (PSD – former ruling party) worth 20 billion lei have to be paid, saying that the money ‘ reached the local barons and their companies through the PSD programmes’. He says that in 2019 PSD borrowed 59 billion lei ‘ 9 billion lei more than they promised at the beginning of the year’ and 5 billion euro’ one billion more ...

The ministry of finances programmed loans of over 5 billion lei from banks in February

Monday, February 3, 2020

The ministry of public finances (MFP) planned for February 2020 loans from commercial banks of 4.4 billion lei, out of which 300 million lie through a treasury bonds emissions with discount and 4.1 billion lei through seven state bonds emissions, plus the sum of 615 million lei through supplementary sessions of non-competitive offers connected to bonds bids.The sum is identical with that programmed for January and will be destined to refinance the public debt and ...

Govt. resumes procedure for Rosia Montana’s inclusion on UNESCO heritage list

Monday, February 3, 2020

Prime Minister Ludovic Orban said on Friday that the file regarding the inclusion of the Rosia Montan? site with UNESCO's World Heritage list is a "serious one", pointing out that there is every chance of a favourable decision in this regard."As far as I know, there will be a session in June [of UNESCO - editor's note]. Let's see if it will be on the agenda. The file, in my opinion, is a serious file and I think we have every chance to have a receive favourable ...

Agricultural production will drop due to warm weather and lack of snow

Monday, February 3, 2020

This year's agricultural production will be at least 30% lower than we expected, the president of the League of Agricultural Producers Associations of Romania (LAPAR) Gheorghe Albu said in an interview with RFI ...

In 2020, the programme Start-Up Nation will have a budget of about one billion lei

Monday, February 3, 2020

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  The programme Start-Up Nation of this year will have a budget of about one billion lei, which will finance almost 5,000 companies, stated on Saturday with Antena 3 Liviu Rogojinaru, state secretary in the ministry of economy, energy and business environment.As regards the changes included in the programme for this year, the representative of the ministry of economy spoke about the procedure of project co-financing, ...

Eurostat: Employees in Romania had the highest risk of poverty in the EU in 2018

Monday, February 3, 2020

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One in ten employed persons aged 18 years or over in the EU were found to be at risk of poverty in 2018. Over recent years, this share has risen from 8.6% in 2008 to 9.5% in 2018. The in-work poverty risk in the EU differs slightly between women and men. In 2018, 9.9% of employed men were at risk of poverty compared to 9.1% of women. Part-time and temporary workers more at ...

European Commission’s report : One in eight Romanians aged under 20 live in another EU country

Monday, February 3, 2020

One in eight Romanians under-20 have already emigrated to form the third-largest group of young movers who changed their residence within the European Union, a European Commission’s report revealed. Some 593,000 children born in Romania and aged between 0 and 19 were living outside their native country in another member state as of 2018, according to the report "Data on Children in Migration" released by the European ...

The censure motion called "The Orban/PNL Government - privatisation of Romanian democracy" was tabled in Parliament

Friday, January 31, 2020

The Orban Government must be urgently dismissed, both because changing the electoral system on the eve of elections violates the European standards, and because the adoption of these changes was made unilaterally, without consultation and debate, by the ruling party assuming responsibility, shows the text of the censure motion titled "The Orban Government / PNL [National Liberal Party] - the privatization of Romanian democracy", tabled on Thursday in ...

CCR discusses claims over law abrogating job pensions on March 18

Friday, January 31, 2020

Romania's Constitutional Court (CCR) will discuss on March 18, claims made by the Supreme Court and People's Lawyer about the law abrogating provisions referring to job pensions, CCR official pointed out on Thursday. The High Court of  Justice decided on Wednesday to inform the Constitutional Court about the law that eliminates the magistrates' job pensions, adopted by the Chamber of Deputies. According to a press release ...

PM Orban: HealthMin operates Saturdays, Sundays instead of vacationing; no conflict of interest in his case

Friday, January 31, 2020

Prime Minister Ludovic Orban said on Thursday that Health Minister Victor Costache performs surgery Saturday and Sunday at patients' request and that he is not in conflict of interest, as reported by the national media.Orban mentioned that he knew the Costache was performing surgery at a private hospital. "The minister of health operates Saturdays and Sundays, instead of going vacationing, of going to the mountains to spend time; he operates, because he is a ...

Minister Bode: 5G means flurry of development opportunities for companies and notable benefits for each Romanian

Friday, January 31, 2020

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The future 5G infrastructure is a major opportunity for economic and industrial development and Romania's competitiveness and represents a flurry of opportunities for companies, but also notable benefits for each Romanian, said Lucian Bode, Minister of Transport, Infrastructure and Communications."The future 5G infrastructure is a major opportunity for the economic and industrial development and the competitiveness of Romania, for its attractiveness from an ...

Ludovic Orban, on Green Deal: in the energy domain, there is the risk to lose up to 40% of the capacity of production

Friday, January 31, 2020

Premier Ludovic Orban considers that the new policy of the European Commission connected to the reduction of carbon emissions, the so-called Green Deal, will be a challenge for Romania. The energy domain will be affected with the risk of losing 40% of the production capacity, as coal will not be used as energy resource. Ludovic Orban said that solutions must be found for the production of green energy. ‘There are industries which generate carbon ...

BREXIT impact on the Romanian economy, marginal

Friday, January 31, 2020

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By KeysFin The withdrawal of the United Kingdom from the European Union will marginally affect the local economy, as the UK is the 9th trading partner of Romania and occupies the last place in top 10 largest foreign direct investors in 2018, according to the KeysFin analysis “The BREXIT effect". In Romania there are over 1600 companies with British shareholders, according to data published by ...

2019 Annual Report on intra-EU Labour Mobility : Romania has the most employees working in other EU countries

Friday, January 31, 2020

Romania is the largest exporter of workers in the EU, according to the 2019 Annual Report on intra-EU Labour Mobility released by the European Commission on Thursday. The annual report on intra-EU labour mobility provides updated information on labour mobility trends in EU and EFTA countries. The analysis considers the mobility of all working-age citizens (20-64 years) as well as the mobility of those who are active (employed and unemployed). The ...

Massive exodus of young labor force, lack of infrastructure and excessive bureaucracy are main problems of Romanian entrepreneurs

Friday, January 31, 2020

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The massive  exodus of young labor force, lack of infrastructure and excessive bureaucracy were some of the problems raised by entrepreneurs at the first meeting of the board of the National Council of Small and Medium Size Entrepreneurs of Romania (CNIPMMR) this year. Premier Ludovic Orban was a special guest, the council informed. The meeting was meant to establish priorities and directions of action for 2020 for the business environment and ...

Statistics: In December 2019, the seasonally adjusted unemployment rate was estimated at 3.9%

Friday, January 31, 2020

Unemployment rate in December 2019 decreasead with 0.1 percentages points as compared to the previous month (3.9% as against 4.0%). Men’s unemployment rate was higher than that of women with 0.8 percentages points. The seasonally adjusted unemployment rate fell to 3.9pct in December last year, from 4pct in November, and the number of the unemployed decreased to ...

Romania ranks 64th out Of 132 in the 2020 Global Talent Competitiveness Index

Friday, January 31, 2020

Romania is ranked 64 (out of 132) wile as Buhcarest is 86 (out of 155) in this year’s GTCI global study. Report finds that gap between high income, talent-rich nations and the rest of the world is widening; more than half of the population in the developing world lack basic digital skills Switzerland tops this year’s ranking, followed by the United States, its highest ...

Crime Index 2020: Cluj-Napoca is safest city in Romania

Friday, January 31, 2020

Cluj-Napoca is safest city in Romania, followed by Brasov and Timisoara, according to the Crime Index 2020 published by global database Numbeo. The list also includes Iasi and Bucharest, with the capital ranking last among Romanian cities. Cluj-Napoca is ranked 13th in the top of the safest cities in the world, with a crime index below 20%. The figure indicates a small number of murders, robberies, car thefts and pickpocketing incidents, ...

ANPC: There is no risk of contamination with new coronavirus through products from China

Friday, January 31, 2020

The National Consumer Protection Authority (ANPC) assures consumers in Romania that there is no risk of getting infected with the new coronavirus through the various products (from toys, clothes etc.) coming from China.ANPC explained in a press release that, according to medical experts, the risk of contracting the new coronavirus through the products coming from China is extremely low and, after studies were made, the specialists proved that the lifespan of the ...

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