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Senators okay sanctioning real estate developers who use buyers' money for other purposes
Tuesday, April 15, 2025
Real estate developers who use real estate buyers' money for other purposes risk being sanctioned with 1% of their turnover, according to an amendment admitted to the bill to supplement Article 22 of Law no. 10/1995 on quality in construction, passed by the Senate on Monday.The bill was adopted with 84 votes "for", nine "against" and 28 abstentions.Members of the Senate's Legal and Administration Committees recently admitted several amendments, ...
Analysis: Romanians are buying more and more gold to secure investments and obtain higher returns
Tuesday, April 15, 2025
The amount of gold purchased by Romanians increased in the first quarter of this year by approximately 65% compared to Q1 2024, with the price of gold fluctuating by over 6% in less than a week in April, according to a specialized analysis."With the assumption of the presidency of the United States of America, Donald Trump has become one of the most important voices in the economic field. His economic strategy revolves around imposing tariffs on imports into ...
Alro's CEO: Main effect of new US tariff policy is that Asian goods will invade Europe
Tuesday, April 15, 2025
The effect of the raise in the taxes imposed by the United States of America will be seen especially in that we will be invaded by goods from Asia which will suffocate the European market, as the US is no longer an outlet for Asian exports, chairman of Alro's Board of Directors Marian Nastase told an energy conference on Monday."That's why tariff wars are generally called wars (...), because of their negative effects. They are a bad thing, they affect us. ...
Over 1.1 million employees and 6,749 lei average net salary in Bucharest in January
Tuesday, April 15, 2025
The number of employees in the Capital reached 1,105,952 people at the end of January 2025, compared to 1,087,624 people in the same period of 2024, according to data centralised by the National Institute of Statistics (INS).The average gross salary at the end of the first month of this year was 11,319 lei (compared to 10,146 lei in January 2024), while the average net salary was 6,749 lei (compared to 6,136 in January 2024).On the ...
Vlad the Impaler's fortress at Poenari, reopened after extensive conservation and restoration works
Tuesday, April 15, 2025
Vlad the Impaler's Fortress in Poenari (Arges County) was reopened for visits on Monday, after extensive conservation and restoration work.The fortress, located on the administrative territory of Arefu commune, is built on a mountain peak, at the entrance to the Arges Gorges, near National Road DN 7C - Transfagarasan, with tourists accessing it via 1,480 steps arranged on the slope, through the forest. The fortification was initially built in the 14th ...
ForMin Hurezeanu, present at Antalya Diplomacy Forum, calls for strategic EU approach at the Black Sea
Monday, April 14, 2025
Minister of Foreign Affairs Emil Hurezeanu, present at the Antalya Diplomacy Forum (April 11-12), emphasized the role of the Black Sea in ensuring Euro-Atlantic security and called for a strategic approach of the European Union in the region.According to a press release sent by the Ministry of Foreign Affairs (MAE), the Romanian official was one of the keynote speakers, alongside his Bulgarian counterpart, Georg Georgiev, and Turkish Deputy Foreign ...
Interim President Ilie Bolojan: Our thoughts are with the Ukrainian people
Monday, April 14, 2025
Interim President Ilie Bolojan sent a message on X on Sunday after the Russian attack in the Ukrainian city of Sumy, which resulted in 30 deaths, saying that the thoughts of the Romanian people are with the Ukrainian people and the victims' families."Heartbreaking scenes from #Sumy on this Palm Sunday, as Russian missiles killed innocent civilians. Our thoughts are with the Ukrainian people and the families of the victims. We continue to support all efforts ...
Coalition of the Willing meeting : DefMin Tilvar endorses peace agreement with solid security guarantees for Ukraine
Monday, April 14, 2025
National Defence Minister Angel Tilvar on Thursday participated in the Coalition of the Willing meeting in the format of Defence ministers, held at the NATO Headquarters in Brussels and led by the United Kingdom and France, on which this occasion he underlined Romania's position regarding a peace agreement between Ukraine and Russia."Romania, which shares the longest land and sea border with Ukraine among NATO member states, has a direct interest in the ...
Romanian PM urges former adviser to withdraw from presidential race after controversial remarks
Monday, April 14, 2025
* Ponta claimed that Serbian PM Vu?i? granted him citizenship as a gesture of gratitude for the controlled flooding of several Romanian villages, www.euractiv.com comments. Romanian Prime Minister Marcel Ciolacu has called on ...
Hidroelectrica Explains 2014 Floods After Ponta’s Serbia Claim
Monday, April 14, 2025
Hidroelectrica announced that the operation of the Iron Gates on the Danube in May 2014 was carried out in accordance with the provisions of the Romanian-Serbian convention. The clarification comes ...
PresidentialElection2025/Crin Antonescu met Speaker of the Moldovan Parliament, Igor Grosu, in Chisinau
Monday, April 14, 2025
Presidential candidate of the 'Romania Forward' Electoral Alliance Crin Antonescu declared on Friday during a visit to the capital city of the Republic of Moldova that a pro-Western president represents a guarantee that the relationship between Chisinau and Bucharest will continue."The result of the elections in Bucharest is not indifferent to you in Chisinau. A pro-Western, firm president, with a solid base, with stability and a majority behind him is a ...
Annual inflation rate goes down to 4.86pct in March 2025
Monday, April 14, 2025
The annual inflation rate dropped to 4.86% in March 2025, from 5.02% in February, as food prices rose by 5.10%, non-food prices by 3.84%, and services by 6.99%, according to data published on Friday by the National Institute of Statistics (INS)."The consumer price index stood at 100.27% in March 2025 compared to February 2025. The inflation rate since the beginning of the year (March 2025 compared to December 2024) was 2.1%. The annual ...
Governor Isarescu: Financial literacy is a lubricant of economic mechanisms
Monday, April 14, 2025
Financial literacy is a lubricant of economic mechanisms, and monetary, fiscal policies, government policies in general work better in a financially literate social and political environment, governor of the National Bank of Romania (BNR) Mugur Isarescu said on Friday at the third edition of the Financial Literacy Forum."More than a century and a half ago, Mihail Kogalniceanu said: 'If the country has to have a place in the concert of ...
CFA Romania: Financial education a means of protection of our personal and professional future
Monday, April 14, 2025
Financial education is no longer just about budgets and savings, but is becoming a means of protection for our personal and professional future, said Florentina Almajanu, head of the CFA Romania Association, on Financial Education Day, celebrated on April 11.According to a press release sent on Friday, in an unstable global economic context marked by accelerated technological transformations, financial education is becoming an immediate need and a long-term ...
Margarine, hygiene services, water, sewerage, sanitation topping March 2025 price increases in Romania
Monday, April 14, 2025
Margarine, hygiene and cosmetic services, water, sewerage, sanitation are topping the March 2025 year-on-year price increases in Romania, according to data published on Friday by the National Institute of Statistics (INS).Thus, hygiene and cosmetic services became more expensive by 14.78% as against March 2024, margarine by 12.73%, and water, sewerage and sanitation by 12.43%.As for food supplies, they have become more expensive, on average, by ...
Average net salary in Romania advances to RON 5,351 lei in February 2025
Monday, April 14, 2025
The average net salary in Romania increased to RON 5,351 - about EUR1.076 - in February 2025, up RON 23 (+0.4%) on a monthly basis, according to data published on Friday by the National Institute of Statistics (INS).The average before tax salary was RON 8,825 in February 2025, up RON 22 (+0.2%) from the the previous month.The highest values of the average net salary were reported in information technology services, including ...
Non-residents' direct investment in Romania down 38pct two months into 2025
Monday, April 14, 2025
Non-residents' direct investment in Romania totalled EUR 1,031 million as against EUR 1,660 million in January - February 2024, according to the National Bank of Romania (BNR) reported on Friday.Non-residents' direct investment in Romania totalled EUR 1,031 million (compared with EUR 1,660 million in January - February 2024), of which equity (including the estimated reinvestment of earnings) and intercompany lending recorded net values of EUR 1,229 million ...
Current account deficit 85% higher two months into 2025
Monday, April 14, 2025
In January - February 2025, the balance-of-payments current account posted a deficit of EUR 4,809 million, compared with EUR 2,600 million, 85% higher, in the first two months of 2024, the National Bank of Romania (BNR) informs in a press release on Friday.The breakdown shows that the deficit on trade in goods widened by EUR 1,502 million, the surplus on services fell by EUR 187 million, the primary income deficit increased by EUR 93 million, while the ...
Ministry of Development transfers almost 66 mln lei for objectives financed through PNRR
Monday, April 14, 2025
The Ministry of Development, Public Works and Administration (MDLPA) has settled invoices totaling 65,861,345.77 lei for 138 objectives achieved through components C10 - Local Fund and C15 - Education, from the National Recovery and Resilience Plan (PNRR), relevant minister Cseke Attila announced on Friday.Thus, for Component C10 - Local Fund, 63,740,897.98 lei was settled for 121 objectives that aim to develop and update spatial planning and ...
INSCOP:Almost 90% of Romanians believe that it is in national interest for Romania to remain in EU and NATO
Friday, April 11, 2025
Almost 61% of Romanians believe that things in Romania are heading in the wrong direction, while 89.7% believe that it is in the national interest for Romania to remain in the EU and NATO, shows the latest INSCOP Research sociological study, "Population's Attitude Regarding Economic Patriotism and Vulnerabilities of the Democratic Regime", conducted at the behest of the Concordia Employers' Confederation.Corruption, which amplifies ...