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Economic Sentiment Indicator in Romania plunges to past two decades’ low

Tuesday, May 5, 2020

The Economic Sentiment Indicator (ESI) in the European Union (EU) crashed by 28.8 points in April to 65.8 points, according to data released by the European Commission. In the ...

PM Orban: Hotels will be opened after May 15; restrictions to be maintained for restaurants

Tuesday, May 5, 2020

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Prime Minister Ludovic Orban on Monday announced that hotels will be reopened in Romania after May 15, but not restaurants, which come with a higher epidemiological risk."We will reopen the trade. Except for the malls, of course. But trade will be reopened. Which is very important, because people will be able to buy and then production could grow and this would be a stimulus for resuming production in certain sectors. Freedom of movement inside the localities will ...

InfoCons consumer protection association requests postponement of HoReCa establishments' reopening

Tuesday, May 5, 2020

The InfoCons consumer protection association is calling on the Romanian authorities to postpone the reopening of hotels and restaurants from May 15, as "social distancing is impossible to implement, which will facilitate the spread of COVID-19"."Information is circulating about the possible opening of restaurants, hotels, terraces, playgrounds for children and pet facilities starting with May 16, 2020. The customers have started booking various accommodation ...

Wizz Air to launch flights that will connect Abu Dhabi with Budapest and Bucharest from June 2020

Tuesday, May 5, 2020

Hungarian low-cost airline Wizz Air will launch flights connecting Abu Dhabi to Bucharest and Budapest if aviation activities resume in Romania and Hungary. The airline announced five new connections out of the Abu Dhabi International Airport. The connections to Budapest and Bucharest will be available starting June 2020, while those to Cluj-Napoca, Katowice, and Sofia will be available in September 2020, provided that aviation activities resume ...

Eurostat: Romania and Slovakia, on the last places in the EU to the share of journalists in the total number of employed persons

Tuesday, May 5, 2020

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In 2019, there were almost 0.4 million journalists in the 21 EU Member States with available data, representing 0.2% of the total EU employment. As readers expect rapid updates on the coronavirus pandemic, they are set for a double challenge: informing the public whilst also being affected in their work by coronavirus restrictions. In terms of economic activities associated with journalism, 1.1 million were employed in the 27 EU Member States ...

Hungarian PM Viktor Orban on President Iohannis' statement:

Monday, May 4, 2020

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In a radio interview, Hungary's Prime Minister Viktor Orban called for patience in respect to Romania's President Klaus Iohannis' statement on Wednesday, regarding the draft law on the autonomy of the the Szeklerland, Hirado.hu portal quoting MTI Hungarian news agency informs.In the broadcast called "Good morning Hungary!" of the Kossuth national radio station, Viktor Orban was also asked, among others, about his stance regarding the statements of Romania's head ...

Laura Codruta Kovesi named Emerging Europe's Public Figure of the Year

Monday, May 4, 2020

The European Public Prosecutor Laura Codruta Kovesi has been named on Thursday Public Figure of the Year by the London-based magazine Emerging Europe.Currently the head of the European Public Prosecutor's Office (EPPO), Kovesi first rose to prominence in Romania as the head of the country's National Anti-Corruption Directorate (DNA), of which she became director in 2013. During her five years in office she oversaw the prosecution of thousands of corrupt ...

Health minister Tataru: October-December could occur second wave of coronavirus pandemic

Monday, May 4, 2020

Health minister Nelu Tataru on Saturday said in northeastern Iasi that he expects for October - December to occur the second wave of the coronavirus pandemic.He stressed that we are still on the upward slope of the curve and that, for now, we cannot think about relaxation. "I'm not thinking about relaxation. We can hope to relax by 15 May. We're on the upward slope of the curve, we still have new cases, we still have new outbreaks, we have deaths, people in ...

Ten more persons infected with COVID-19 die taking death toll to 790

Monday, May 4, 2020

Ten more persons infected with the novel coronavirus have passed away, taking the death toll of the deceased to 790, on Sunday informed the Strategic Communication Group (GCS).The latest dead persons are from the counties of Suceava (male, 60, male, 66, male, 71, female, 85, female, 82), Galati (male, 77), Dambovita (female, 61), Covasna (male, 60), Brasov (female, 88), Olt (female, 54).An ambulance worker of Suceava and an orderly with a residential ...

IntMin Vela: money from emergency period fines to be used for medical system

Monday, May 4, 2020

The money from the fines imposed during the state of emergency period will be used in the medical system, on Saturday night said the minister of Internal Affairs, Marcel Vela, at the private TV broadcaster Digi24."So, this money from fines will not be used for other purposes - normally, they would end up at the local administrations, too, hence the excess of zeal sometimes recorded and presented by the media at the local level when fines were given and in a way, ...

Neighborhood in Buzau City, in quarantine due to COVID-19

Monday, May 4, 2020

The neighborhood Posta in the southeastern city of Buzau, with a population of around 2,000 persons, has been placed in quarantine for 14 days after on Sunday 19 cases were confirmed with COVID-19, of which two children aged up to one year, announced, on Monday morning, the press office of the Buzau County Prefecture."The Prefect's Institution made the decision to institute a quarantine for 14 days for the Posta neighborhood in Buzau City which has a population of ...

EconMin Popescu hopes for seaside tourism to be possible in July and August

Monday, May 4, 2020

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The tourism industry will benefit from an aid package with a component aimed toward reducing hotels' and restaurants' electricity costs and a component aimed at the working capital, namely grants for funding expenses which will have to be made for arranging spaces in order to receive tourists, Minister of Economy, Energy and Business Environment Virgil Popescu said on Friday.Furthermore, he estimated that seaside tourism will be possible only in July and August, ...

Humanitarian aid for the Republic of Moldova worth 16.5 M lei

Monday, May 4, 2020

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The Government approved in Thursday's meeting a humanitarian aid for the Republic of Moldova worth 16.5 million lei, in the form of sanitary materials necessary to handle the efforts of limiting the spread of the novel coronavirus infection."In today's Government meeting, a government decision has been adopted, just as the Orban Government promised, for a humanitarian aid for the Republic of Moldova, for our brothers in Bessarabia, in order to deal with the crisis ...

Memorandum to initiate procedures to access European funds from Just Transition Mechanism

Monday, May 4, 2020

The Government approved on Thursday the Memorandum to initiate the necessary procedures for accessing European funds from the Just Transition Mechanism, head of the Prime Minister's Chancellery Ionel Danca announced."We are talking about 757 million euro earmarked to Romania and, through this memorandum adopted in the Government meeting, basically, the negotiations are starting with officials of the European Commission for establishing the accessing mechanism of ...

Ministry of Finance has scheduled more than 4 billion lei in loans from banks in May

Monday, May 4, 2020

The Ministry of Public Finance (MFP) planned, in May 2020, loans from commercial banks of 4.065 billion lei, of which 500 million lei through a issue of discount treasury certificates and 3.1 billion lei through seven issues of state bonds, to which the amount of 465 million lei can be added through additional sessions of non-competitive offers , related to bond auctions.The amount is 115 million lei higher than the one scheduled for April and will be intended to ...

The minister of European Funds announces the increase up to 1 billion euro of the sum allocated to the relaunching of the economy

Monday, May 4, 2020

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The minister of European Funds Marcel Bolos announced the increase of up to one billion euro of the sum allocated to the relaunch of the economy – European money and budget funds – following the negotiations with the European Commission, the sum being complimentary to the projects launching which are considered to encourage entrepreneurship in the post-pandemics economy. There will also be appeals for projects already included in the ...

Cristian Popa (BNR): The rating agencies want us to show discipline, to be weighte

Monday, May 4, 2020

The Romanian Investor Relations Association (ARIR) invited top specialists from the Romanian financial market to discuss the financial markets evolutions and the recovery perspective. The first conclusions of the monthly event “Market sentiment – ...

Most of the enterprise subgroups in Romania are controlled from Germany, France and Italy

Monday, May 4, 2020

Germany, France and Italy occupy the first three places in the top of the countries that control enterprise subgroups in Romania. In Romania, in 2018, 80591 enterprise groups were identified, out of which 5140 all-resident enterprise groups and 75451 multinational enterprise groups (401 domestically controlled and 75050 foreign-controlled, respectively). In 2018, 5140 ...

Survey: Almost 35pc of respondents work from home

Monday, May 4, 2020

The circulation restriction and the products and services developed by Telekom Romania to meet the connectivity and entertainment needs during this period have directly impacted the telekom.ro website, its traffic surged with a significant 77%. Telekom Romania thus ran a survey to figure out how the consumers’ behaviour has changed and what will be the new consuming habits. The survey has been ran on telekom.ro during April 23-29 2020, and was answered by over 5,000 ...

President Iohannis, telephone conversation with Emmanuel Macron on crisis caused by new coronavirus

Friday, May 1, 2020

President Klaus Iohannis had a telephone conversation with his French counterpart, Emmanuel Macron, on Thursday, the Presidential Administration has announced."Against the backdrop of the crisis caused by the global spread of the new coronavirus, which affects both France and Romania, President Klaus Iohannis conveyed his condolences for the loss of life, showing that our country stands in solidarity with the French people in these difficult times," shows the ...

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