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The Peru ambassador to CCIB: the bilateral commercial exchanges are still modest

Monday, February 26, 2018

Prof.dr.eng.Sorin Dimitriu, the chairman of the Chamber of Commerce and Industry of Bucharest (CCIB) had a meeting with H.E. Maria Eugenia Echeverria Herrera, the ambassador of the Republic of Peru to our country, who was accompanied by Luis Alberto Castro Joo, the minister adviser and prime collaborator in the Embassy. ‘Next year we celebrate 80 years of diplomatic relations. Although we have good and old relations, the bilateral commercial ...

Eurostat: Romania has 3rd lowest minimum wage across the EU

Monday, February 26, 2018

 In January 2018, Bulgaria had the lowest minimum wage across the EU, namely 261 euro per month, followed by Lithuania with 400 euro and Romania with 408 euro, reveals the data published on Friday by the European Statistical Office (Eurostat).The monthly minimum wages was generally below 500 euro in eastern member states of the EU and well above 1,000 euro in northwest of the EU, with Luxembourg holding the leading position (1,999 euro per month), followed by ...

An influx of cold air from Siberia causes the coldest snap of the season

Monday, February 26, 2018


The wintry weather is expected to last until early March, euronews.com informs. An influx of cold air from Siberia has caused temperatures to plummet across parts of Europe. In Poland two people have died of hypothermia in the last 24 hours when the mercury dropped to over minus 10 degrees celsius during the day and minus 20 at night. Health officials have urged people to look out for the most vulnerable ...

JusMin Toader announces move to axe anti-corruption head Laura Codruta Kovesi

Friday, February 23, 2018


Minister of Justice Tudorel Toader announced on Thursday that he will start procedures for removing from office Chief Prosecutor of the National Anticorruption Directorate (DNA) Laura Codruta Kovesi. Minister Tudorel said that the making of the report on the managerial activity of the National Anti-corruption Directorate (DNA) was carried out based on the very broad debates in the public space in the last year, debates that have "deeply" divided the ...

Presidency reaction to Report on DNA managerial activity presented by justice minister

Friday, February 23, 2018

The Presidential Administration makes the following remarks about the Report on DNA managerial activity presented by the minister of justice on February 22: Because of the lack of clarity in presenting the Report on the managerial activity of DNA and considering that the evaluation of the activity of DNA and of managers of that institutions by Romania’s President are different from that of the minister of justice, a deep analysis of the document ...

JusMin Toader, UK diplomat Sambrook discuss passage trail of Romania's justice legislation

Friday, February 23, 2018

The passage trail of Romania's justice legislation and the amendment of the country's criminal codes were among the topics discussed by Justice Minister Tudorel Toader and with Deputy Head of Mission at the British Embassy in Bucharest Adam Sambrook."The meeting took place in the context of Romania taking over the Presidency of the EU Council in the first half of 2019, when Brexit takes place. Discussed at the meeting were the passage trail of Romania's justice ...

Council of Europe anti-corruption body visits Romania

Friday, February 23, 2018


  According to the press release sent to ACTMedia by the Council of Europe, a delegation from the Group of States against Corruption of the Council of Europe ...

PNL's Cupsa: GRECO representatives wanted new clarifications on Justice laws

Friday, February 23, 2018

Representatives of the Group of States Against Corruption (GRECO) had a meeting on Thursday with members of the Special Committee on the Laws of Justice on the way these laws were adopted and asked for further clarifications, National Liberal Party (PNL) MP Ioan Cupsa said."There was a meeting between the representatives of GRECO, the group of states against corruption, a body of the Council of Europe, with the leadership of the Special Commitee on Justice Laws, ...

Financial Times: Romania’s anti-corruption battle exposes limits of EU influence

Friday, February 23, 2018

The intense battle over corruption and governance in Romania is drawing in more and more local politicians, as well as the European Commission, according to the Financial Times, business-review.eu informs. FT notes that the changes in the judiciary system proposed by governing parties, which could lead to the dismissal of DNA Chief ...

President Iohannis to attend informal meeting of the European Council in Brussels on Friday

Friday, February 23, 2018


Romania's President Klaus Iohannis will be attending an informal meeting of the European Council in Brussels on Friday, according to the Presidential Administration.Featuring on the agenda of the meeting are negotiations over the post-2020 multiannual financial framework, as well as institutional aspects of the European Union.According to the Presidential Administration, as far as the future budget of the European Union after 2020 is concerned, the ...

EC First Vicepresident Frans Timmermans to visit Romania next week

Friday, February 23, 2018


Frans Timmermans, First Vicepresident of the European Commission will be on an official visit in Romania over February 28- March 1. “Frans Timmermans, Vice-President of the European Commission and European Commissioner for Better Regulation, Interinstitutional Relations, the Rule of Law and the Charter of Fundamental Rights will be on an official visit in Romania over February 28 - March 1, 2018,” the EC website ...

PM Dancila met German ambassador Meier-Klodt to discuss development of political dialogue, economic cooperation

Friday, February 23, 2018

Premier Viorica Dancila welcomed on Thursday at the Victoria Place of Government German ambassador Cord Meier-Klodt on a courtesy visit, with talks focusing on the joint interest to strengthen and further develop political dialogue and economic cooperation of the two countries, the government said in a release.Premier Dancila underscored that the excellent relations between Romania and Germany are also based on tight inter-personal ties considered also from the ...

BNR's Vasilescu says January's inflation rise caused by State's ill-timed pushing up regulated prices

Friday, February 23, 2018


The 4.3 percent inflation rate this January announced by the National Institute of Statistics is mainly the effect of the increase in regulated prices, specifically for fuel, electricity, heating and gas, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu said on Thursday, pointing out that the State has moved these prices up when it wasn't supposed to.According to Vasilescu, a look at the inflation table released by the statistics authority shows ...

Lazea: Romania structurally farther than Central and East European states

Friday, February 23, 2018

Romania is structurally farther than states in Central and Eastern Europe because in 2015 it decided to stimulate consumption, says Valentin Lazea, BNR chief economist. “The first question is whether we are structurally more similar to states in the euro area or at least to states and Central and Eastern Europe. In my opinion, the answer is: No, we are not. We are farther from them because what happened in 2014-2015, when we tended to zero with ...

Euro trades at 4.6539 lei on Thursday

Friday, February 23, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Thursday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.65391 US dollar USD 3.78671 Swiss franc CHF 4.03771 British pound GBP 5.2607100 Japanese yen JPY 3.5285 1 Moldovan leu MDL 0.22691 Russian rouble RUB 0.06671 new Turkish lira TRY 0.99501 Chinese renminbi ...

Radulescu (BT): We have highest level of macroeconomic imbalance since 2012

Friday, February 23, 2018


Romania has the highest level of macroeconomic  imbalance since 2012 to the present day, because reforms are no longer made, says Andrei Radulescu, senior economist at Transilvania Bank. “This economic increase was unfortunately made on a slow dynamics of investments and with the price of intensifying deficits, domestic deficit, public finances and foreign deficit, Romania’s position versus the rest of the world. Notice the ...

PM Dancila: EU funds absorption rate not satisfying; risk of losing 800 million euro under ROP

Friday, February 23, 2018

The absorption rate of European funds isn't satisfying, and there is even a risk of losing 800 million euro under the Regional Operational Programme (ROP), Prime Minister Viorica Dancila said on Thursday at the General Assembly of the Romanian County Councils Union (UNCJR), and made a call on the local and central authorities' representatives to communicate the problems they are encountering in this respect, in order to be urgently solved.The PM said that ...

AHK Romania to organize Cities of Tomorrow 2018 on February 27 in Bucharest

Friday, February 23, 2018

The German-Romanian Chamber of Commerce is pleased to invite you to participate at the sixth edition of Cities of Tomorrow – Romania’s top forum for business, architecture and administration, business-review.eu informs. The event will take place on the February 27 2018, in Bucharest, Marriott Hotel. Cities of Tomorrow 2018 is dedicated to the urban regeneration as a means towards sustainable development of ...

Martisor fair at Bucharest’s Peasant Museum

Friday, February 23, 2018


The Romanian Peasant Museum in Bucharest will open this weekend the fair dedicated to the martisor, a special Romanian tradition marking the binging of spring, romania-insider.com informs. Martisorul is a small symbolic item that men offer to women on March 1 as a sign of love and respect. However, in some regions, women give martisoare to ...

Juncker says he’s lost track of Romanian prime ministers

Thursday, February 22, 2018


There have been so many Romanian prime ministers of late that European Commission President Jean-Claude Juncker can’t keep track of them, politico.eu reads.. “[Viorica Dancila] is the fifth Romanian prime minister I had the pleasure to host from the beginning of my mandate,” Juncker said Wednesday during a joint press conference with the newest holder of the top job in Bucharest, ...

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