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France ready to sue Romania over blocked warships tender

Monday, January 21, 2019

France is ready to sue the Romanian government as French top officials are exasperated by Bucharest’s will to deny to Naval Group the contract for 4 navy corvettes, despite the fact that the French group won the tender, according to the French economic journal La Tribune ...

Minister of Economy: Romanian defense industry will build a new assault weapon in collaboration with Beretta

Monday, January 21, 2019

A state-of-the-art Beretta weapon could be produced in Plopeni, as negotiations with the Italians are 60 percent finalized and the contract could be concluded in the summer, while the first assembly of the weapon should take place in the autumn, said the Economy minister Niculae Badalau for Antena 3 Tv station. “We are 60 percent sure that Romania will produce a state-of-the-art weapon, generation 4, with Beretta. It will be produced in Plopeni, ...

Penitentiary Administration trade unionists warn Justice Minister: Fake information is punished by imprisonment from 1 to 5 years

Monday, January 21, 2019

Without the compensatory appeal, the murderer in Media? would have been conditionally released in May 2019, the Federation of Trade Unions Federation with the National Penitentiary Administration says, contradicting an assertion by the Minister of Justice, romaniajournal.ro informs. “We warn Minister Tudorel Toader that the crime of communicating false information is punishable by imprisonment from one to five years,” FSANP warns in a press ...

BNR's Vasilescu: The leu declined fast, after 1 January, but not as fast as to create concerns

Monday, January 21, 2019

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The decline of the national currency in relation to the euro is 0.6 percent, and only in the situation in which it declines over 4-5 percent the Central Bank analysis rigor intervenes, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu maintains."It is clear that the national currency has moved downwards fast after 1 January, but not as fast as to create concerns among those who make a rigorous analysis of the market. Books say that when a ...

Dan Suciu (BNR) about statements on ROBOR's "doctoring": Intentionally creates confusion, disqualifying

Monday, January 21, 2019

The spokesperson of the National Bank of Romania (BNR), Dan Suciu, argues that the statements of Alliance of Liberals and Democrats (ALDE) senator Daniel Zamfir, according to which the ROBOR index is "doctored" with BNR's "direct knowledge and involvement", intentionally creates confusion, "which is disqualifying", because it does not take into account the scope of activity defined by law for the National Bank."I do not understand how the National Bank has done ...

BCR and BT are considering the postponement of investment plans, following controversial ordinance no 114

Monday, January 21, 2019

Sergiu Manea, CEO of Banca Comerciala Romana (BCR), has said on Friday that the bank is considering the postponement of investment plans as a result of the introduction of the new tax for banks. “All the investment plans we have had so far are under review,” Sergiu Manea said on Friday at a conference organized by the Romanian Banking Association (ARB) and the Romanian Banking Employers’ Council ...

Romania imported on Friday morning very big quantities of energy,over 1,800 MW

Monday, January 21, 2019

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Romania imported on Friday morning big quantities of electricity, over 1,800 MW in the context where the price of import electricity was lower than that of domestic market, according to the data posted on the site of Transelectrica and OPCOM.The biggest imports were made around10:00 with quantities of 1,827MW.At 12:00 the import was1,626MW. The consumption of the country was 8,440 MW and the production 6,814 MW.The first in the top of ...

EP decided: Member states jeopardising the rule of law will risk losing EU funds

Friday, January 18, 2019

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Governments interfering with courts or failing to tackle fraud and corruption will risk suspension of EU funds, according to a draft law endorsed by MEPs on Thursday, a press release says. Assisted by a panel of independent experts, the EU Commission would be tasked with establishing “generalised deficiencies as regards the rule of law” and decide on measures that could include suspending EU budget payments or reducing pre-financing. The ...

President Iohannis to participate in French-German cooperation and integration treaty signing ceremony in Aachen

Friday, January 18, 2019

President Klaus Iohannis will participate in Aachen, Germany, on Tuesday, in the signing ceremony of the French-German cooperation and integration treaty, at the invitation of German Chancellor Angela Merkel and his French counterpart Emmanuel Macron.According to the Presidential Administration, the treaty signing ceremony by the French President and German Chancellor will take place in the Crowning Hall of the Aachen City Hall, and on this occasion President ...

NATO SecGen Stoltenberg confirms presence at informal meeting of defence ministers of EU member states to be held in Bucharest

Friday, January 18, 2019

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Secretary General of NATO Jens Stoltenberg confirmed his attendance to the informal meeting of defence ministers of the EU member states, which is schedule to take place in Bucharest on 30 and 31 January, National Defence Gabriel Les said on Thursday.According to him, the meeting that will be carried out in the attendance of High Representative of the European Union for Foreign Affairs and Security Policy (HR) Federica Mogherini will start on 30 January with a ...

Pope Francis to give message to the Romanian believers at the National Redemption Cathedral on May 31

Friday, January 18, 2019

Pope Francis will visit the National Redemption Cathedral most probably on May 31, the first day of his visit to Romania, and will give a message together with Patriarch Daniel, with the audience being allowed to attend all ceremonies, the Romanian Patriarchy’s spokesperson, Vasile Banescu told Hotnews.ro on Thursday quoted by romaniajournal.ro. Pope Francis will be welcomed by Patriarch Daniel in the Patriarch Palace, ...

Iohannis:Appointment proposals for Development,Transport Ministries still don't prove fulfilment of legal requirements

Friday, January 18, 2019

President Klaus Iohannis sent on Thursday a letter to Prime Minister Viorica Dancila, in which he argues that the appointment proposals for the Development and Transport Ministries, namely Lia Olguta Vasilescu and Mircea Draghici, still don't demonstrate that the legal requirements have been met in view of obtaining the approval. The President invoked the provisions of art. 85 paragraph (2) and art. 105 of the Constitution, as well as those of art. 2 ...

European Commissioner Cretu to run as Pro Romania candidate in elections to European Parliament

Friday, January 18, 2019

European Commissioner for Regional Policy Corina Cretu announced on Thursday that she will run as a candidate of the Pro Romania party in the elections to European Parliament, which are to be held on 26 May.Attending on Thursday in Cluj a debate on cohesion policy in the European Union, Corina Cretu stated that this decision represents a delimitation from the current leadership of the Social Democratic Party (PSD)."I am running in EP elections on ...

Oltenia EC miners to resume work after negotiations

Friday, January 18, 2019

- Largest thermal power plant shut down. - Energy prices reached record highs Thursday morning The first group of the Rovinari thermal power plant has already been closed during the night of Wednesday to Thursday. The rest of the groups were to be closed Thursday morning. Against the backdrop of energy shortages, Romania massively imported electricity at 9.00h on Thursday. At a consumption of 8,900 MW, imports ...

Minister Teodorovici called in Parliament to explain stock exchange crash

Friday, January 18, 2019

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Union Save Romania - USR president Dan Barna declared that in the first week of the parliamentary session his party would ask finance minister Eugen Teodorovici to come in the Parliament plenum to explain about the stock exchange crash and losses of 3 billion lei. “USR will ask minister Eugen Teodorovici to come in Parliament and explain to us his reason for stealing 3 billions from state resources by the statements which led to the crash of the ...

Manpower survey : Workforce demand remains strong in Romania in Q1

Friday, January 18, 2019

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Employers in Romania expect certain increases in the total number of employees in the first quarter of 2019, the ManpowerGroup Employment Outlook Survey shows in the January-March 2019 edition. The stronger demand is forecasted for the manufacturing sector. Employers in finance, insurance, real estate services and business services also expect robust employment growth. Robust forecasts are also reported in the wholesale & ...

Study: a two-kid family can live on EUR 550 per month

Friday, January 18, 2019

The Central Insolvency Commission (CINC), a Romanian state institution dealing with personal insolvency, has calculated that a two-parent family with two children, residing in the city, can live reasonably on RON 2,600 (EUR 557) per month. This is the minimum value of the consumer basket that provides a reasonable monthly living for a family of four, according to the institution. For a family of four living in rural areas, the sum goes down to RON ...

The wholesale turnover in November 2018, up 9.1pct

Friday, January 18, 2019

As against the previous month, in November 2018 the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in nominal terms, decreased both as gross series by 7.7% and as adjusted series according to the number of working days and to seasonality by 1.6%. As against the corresponding month of the previous year, the wholesale turnover (excluding the trade with motor vehicles and motorcycles), ...

The turnover of market services rendered mainly to enterprises in November 2018

Friday, January 18, 2019

Compared to the previous month, in October 2018 the turnover of market services rendered mainly to enterprises, in nominal terms, increased both as gross series by 1.1% and as adjusted series according to the number of working days and to seasonality by 2.6%. Compared to the corresponding month of the previous year, the turnover of market services rendered mainly to enterprises, in nominal terms, increased both as ...

President: The rights of Romanians working in the UK are guaranteed

Thursday, January 17, 2019

Romanian President Klaus Iohannis said on Wednesday that there should not be any concerns regarding Romanian nationals who work in the UK as their rights are guaranteed, in the context of uncertainty regarding the country’s withdrawal from the EU. In a press statement on Wednesday, the Romanian head of state said that the withdrawal agreement convened by the EU and the UK Government will not be renegotiated, despite the fact that it was rejected ...

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