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Fiscal Council's Daianu: Public budget mustn't be played in politics' roulette

Friday, September 25, 2020

Romania could record an economic growth of 4-5 pct next year, but it needs to keep budget spending "tight", said Daniel Daianu, chairman of the Fiscal Council and coordinator of the convergence analysis report "Romania - Eurozone, Monitor.""If we do not make the mistake of destabilizing the public budget by irrational decisions and we do not provoke a crisis of the leu, and the pandemic is kept under control, we could have an economic growth of 4-5 pct in ...

Euro trades at 4.8722 lei

Friday, September 25, 2020

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 4.87221 US dollar USD 4.18831 Swiss franc CHF 4.52071 British pound GBP 5.3309100 Japanese yen JPY 3.97311 Moldovan leu MDL 0.24941 Russian rouble RUB 0.05421 new Turkish lira TRY 0.54371 Chinese renminbi ...

Net assets of investment funds decrease 1.6pct in August, to 42.3 billion lei

Friday, September 25, 2020

The net assets of the 223 open and closed funds, local and foreign, decreased 1.6% in August, to the level of 42.3 billion lei (8.8 billion euros), and slid 14.4% from the beginning of the year, according to a release of the Association of Fund Administrators sent on Thursday.In August, net outflows totaled 105 million lei (22 million euros).According to the press release, the top 5 funds in the last 12 months recorded net annual returns between ...

BNR: Outstanding loans in lei, up 2.92% in August

Friday, September 25, 2020

The total value of outstanding loans in lei of the population and companies amounted, in August 2020, to 4.99 billion lei, increasing by 2.92% compared to the amount reported in the previous month, while the arrears of foreign currency loans rose by 1.61% to 1.95 billion lei (equivalent), according to data from the National Bank of Romania (BNR).The total loans in lei reached, in August, 188.5 billion lei (by 1.14% over the value of the previous month), of ...

WB: Curbing Corruption in the Midst of a Pandemic is More Important Than Ever, New Report Says

Friday, September 25, 2020

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Progress against corruption can be made even under the most challenging conditions, a new World Bank report finds. At a time when unprecedented levels of emergency funds have been mobilized to respond to the COVID-19 pandemic, the report offers a fresh look at some of the most effective approaches and tools to enhance government ...

Survey: One Romanian out of three would vote his/her boss if he ran for mayor

Friday, September 25, 2020

A Romanian out 0f three would vote his/her boss if he ran for mayor, according to a survey issued on Thursday by  Bestjobs recruiting site, according to which people interviewed  say they are not forced in any way by bosses or colleagues to vote with a certain candidate or party.   “Over 34% of Romanian employees who answered an opinion poll made by BestJobs, in the context of  coming ...

Romanian Farmers Association asks authorities to legislate pedological drought as force majeure

Friday, September 25, 2020

The Romanian Farmers Association (AFR) draws attention to the serious situation in agriculture and calls on the authorities to legislate pedological drought as a case of force majeure, and also the possibility of postponing interest rates so that farmers can avoid bankruptcy."This phenomenon is exacerbated and more and more farmers are unable to comply with the quantities of cereals contracted, risking payment inability. Also, in the context in which ...

Ford produces in Craiova Puma ST, first Ford Performance SUV in Europe

Friday, September 25, 2020

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The first Ford Performance SUV manufactured in Europe - Puma ST - has entered the production line at the southern Craiova plant, the car manufacturer announced in a press release sent on Thursday.The new Puma ST is equipped with sophisticated sports technologies, including a mechanical limited-slip differential (LSD), springs with vector distribution and offers the possibility to select several driving modes, including sport mode and, for the first time on a ...

Iohannis: If budget revision adopted by Parliament takes effect, Romania to be cut 3bn euros in EU funds

Thursday, September 24, 2020

President Klaus Iohannis said on Wednesday that senior European Commission officials had warned that if the budget revision approved by Parliament came into force, Romania would cut about 3 billion euros in European funds mentioning that this is a "horror" scenario, because the country rating would also be downgraded."Unfortunately, both scenarios are possible. There are not only warnings, there are extremely serious discussions with senior officials, I do ...

ForMin Aurescu has telephone conversation with Saudi Minister of State for Foreign Affairs

Thursday, September 24, 2020

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The desire to enlarge the bilateral political-diplomatic dialogue and sectoral relations, as well as the recent developments on a regional and international level, with a focus on the situation in the Middle East, have been the topics of the telephone conversation that Romanian Foreign Affairs Minister Bogdan Aurescu had on Wednesday with Saudi Minister of State for Foreign Affairs Adel bin Ahmed Al-Jubeir."The Foreign Affairs Minister, Bogdan Aurescu, had a ...

More than 200 troops from Balkan countries - at Carpathian Eagle exercise in Cincu

Thursday, September 24, 2020

The Day of Distinguished Visitors of the Multinational Special Forces Exercise, Carpathian Eagle 2020, will take place on Friday, at the Cincu Shooting Range, Brasov County, where a joint activity of over 200 troops from Albania, Bulgaria, Greece, Northern Macedonia and Turkey, in cooperation with structures of the Romanian Ministry of National Defence is taking place these days, according to an information from the Ministry of National Defence.The purpose ...

President Iohannis: Proposals of CJEU Advocate General on special section - an encouragement

Thursday, September 24, 2020

On Wednesday, President Klaus Iohannis praised the "proposals" of the Advocate General of the Court of Justice of the European Union (CJEU) regarding the special section for the investigation of magistrates and underscored that, after the parliamentary elections, he will insist that the Ministry of Justice comes up with proposals to modify the justice laws."These proposals are, and not coincidentally, exactly the things that I and PNL (National Liberal ...

HealthMin Tataru: I do not expect new lockdown

Thursday, September 24, 2020

The Minister of Health, Nelu Tataru, stated on Wednesday at the Fundeni Institute that he does not expect a new lockdown, but wants everyone to respect the rules to prevent the spread of the novel coronavirus."I do not expect a new lockdown, I expect everyone to respect some rules and some precautions. If we do not respect it, we can have all sorts of scenarios. Given that we are in a particularly difficult month with the resumption of many activities, we ...

Romania is considering mandatory Covid tests for oeople coming from abroad

Thursday, September 24, 2020

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Health Minister has announced on Wednesday morning that the National Committee for Emergency Situations is considering to introduce the mandatory Covid-19 test for people coming to Romania from abroad.“We are discussing at the National Public Health Institute and we are to forward a proposal to the Government”, said Health Minister Nelu ...

Euro gets to a new historic maxim: the rate presented by BNR : 4.861 lei/euro

Thursday, September 24, 2020

The leu was depreciated on Wednesday by 0.51 bani against the euro (0.10%), the European currency getting to a new historic maximum, as the exchange rate calculated by BNR is 4.8641 lei/euro .BNR quoted the euro on Tuesday at 4.8590 leiOn the interbanking market,the national currency was traded between 4.8576 and 4.8970 lei for the euro.Similarly, the leu lost ground against the American dollar which got ...

FinMin Citu: Gov't not to increase taxes or reduce incomes in this crisis period

Thursday, September 24, 2020

The Government will not increase taxes and will not change the flat tax and will not reduce the incomes of the population, because no new taxes can be introduced in the current period of economic crisis, Finance Minister Florin Citu told a press conference in Gorj County on Wednesday."To be very clear: we will not affect the incomes of the citizens, we are not raising taxes, we are not putting in new taxes, we are not doing any of these strategies and we ...

Coalition for Romania's Development: Economy cannot support 40% increase in pensions

Thursday, September 24, 2020

The Romanian economy cannot support the 40% increase in pension expenditures, given the negative evolution of the global economy and, implicitly, nationally, caused by the Covid-19 pandemic, show the representatives of the Coalition for Romania's Development (CDR)."The Coalition for Romania's Development reports the populism manifested yesterday in Parliament by the decision to increase pensions a few days before the elections. CDR emphasizes that the ...

Council of Foreign Investors reacts to pensions' increase as amended in Parliament

Thursday, September 24, 2020

An increase in the deficit of up to 11 pct of the GDP, which will be caused by measures recently adopted by Parliament, will be difficult or even impossible to finance on the financial markets, according to a release issued Tuesday by the Council of Foreign Investors.The reaction of the organization promoting the interests of foreign investors in Romania comes after Parliament voted on Tuesday to increase pensions by 40 pct, increase teachers' salaries and ...

Resident non-governmental clients' deposits rise in August by 1.6 pct

Thursday, September 24, 2020

The deposits of non-governmental residential clients have gone up in August 2020 by 1.6 pct over the previous month, up to the level of 389.6 billion RON and by 14 pct (11.1 pct in real terms) over the same months of last year, the National Bank of Romania informs through a release sent, on Wednesday.The residents' deposits in RON, with a weight of 64.5 pct of the total deposits of non-governmental clients, have increased by 2.2 pct over July 2020, up to ...

Non-government loans inch up 0.9 pct this August

Thursday, September 24, 2020

The balance of non-government loans granted by credit institutions were by 0.9% higher in August 2020 compared to July 2020 (similar evolution in real terms), to the level of 274.493 billion lei, informs the National Bank of Romania (BNR) through a press release sent on Wednesday.RON-denominated loans, with a share of 68.4% in the total non-governmental credit, increased by 1.2%, whereas foreign currency-denominated loans expressed in RON, with a share of ...

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