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Iohannis requests Government to analyze sentence compensation bill

Thursday, January 17, 2019


President Klaus Iohannis on Wednesday asked the government to proceed within short to an in-depth analysis on the issue of the compensatory appeal and come up with solutions, emphasizing that the parliamentary procedure to correct the legislation can be fast initiated."I am asking the government of Romania to proceed within short to an in-depth analysis and come up with solutions," the President said, adding that "the solutions must come from the government, from ...

Justice Minister to present Report regarding sentence compensation on Monday

Thursday, January 17, 2019

Romanian Justice Minister Tudorel Toader announced in a press statement on Wednesday that he will present the prime minister with a report on the situation regarding the effects of the 2017 sentence compensation bill on Monday, in which he will also propose solutions. The minister announced that he will make an analysis on the effects of the bill, which reduces prison sentences for inmates serving them in poor conditions. According to the act, for ...

CCR: A conflict does exist between Public Ministry and Parliament regarding SRI protocols

Thursday, January 17, 2019

The Constitutional Court of Romania (CCR) has admitted the referral from the Chamber of Deputies regarding a conflict between Parliament and the Public Ministry, which provides, among others, that the protocols signed with the Romanian Intelligence Service (SRI) continue to have effects, even after denouncing them, judicial sources say. The CCR decision comes after several postponements. The decision is expected to have major impact on criminal files ...

 Iohannis: CNA decision to temporary suspend broadcast of a TV station is based on political criteria

Thursday, January 17, 2019

President Klaus Iohannis believes that the decision adopted on Tuesday by the National Audiovisual Council of Romania (CNA) to temporary suspend the broadcast of a television station is based on political criteria, according to a release of the Presidential Administration.The CNA made this decision in the case of Realitatea TV private television station for the manner in which it reflected the protest in Bucharest held on 10 August 2018 and the decision must be ...

The Chamber of Commerce: business people worried about the risk of changes in institutions connected to parties

Thursday, January 17, 2019


The Chamber of Commerce and Industry of Romania (CCIR) condemned on Wednesday the decision of the National Council of the Audiovisual (CAN) to sanction the channel Realitatea TV with closing down their emission and expressed the worries of the business community in Romania against the changes in some public institutions. ‘CCIR considers that the arbitrary decisions of the CNA are profoundly damanging for the media market in Romania’ ...

Presidency : Romania still hasn't 2019 budget exclusively because of gov't incapacity

Thursday, January 17, 2019

The Presidential Administration points out that the statements of Business Environment, Trade and Entrepreneurship Minister Stefan-Radu Oprea referring to the delay of the budget draft for 2019 because of the lack of the Supreme Council for National Defence (CSAT) opinion are false and represent an attempt to discredit the CSAT."The statements according to which the budget draft for 2019 is delayed because of the lack of the Supreme Council for National Defence ...

Minister of Foreign Affairs and Expatriates of the Hashemite Kingdom of Jordan, Ayman Safadi is paying a visit to Romania

Thursday, January 17, 2019


President Klaus Iohannis on Wednesday welcomed at the Cotroceni Presidential Palace the Minister of Foreign Affairs and Expatriates of the Hashemite Kingdom of Jordan, Ayman Safadi, in which context he encouraged the organisation of a new edition of the Romanian-Jordanian Economic Forum this year.The head of the state underscored on this occasion the special role played by Jordan in the region and appreciated the balanced foreign policy of this state and its ...

France's Embassy to Romania launches 2nd edition of "Sustainable city" contest dedicated to territorial communities

Thursday, January 17, 2019


France's Embassy to Romania launched on Wednesday the second edition of the "Sustainable city" contest, which will reward the innovative initiatives of the territorial communities in the ecological and sustainable development area."The sustainable development and sustainable city concepts can be found today in all the reflections, in all the strategies, both at European and national levels. The EU structured its strategic action in the environment area within the ...

Romania raises EUR83.5M selling Euro-Denominated Bonds on local market

Thursday, January 17, 2019

Romania's finance ministry on Wednesday raised EUR83.5% million selling December 2023 euro-denominated bonds on the local market at an average yield of 0.97%, central bank data showed. The ministry was seeking to raise EUR100 million and bids amounted to EUR132.2 million. Romania last sold euro-denominated December 2023 bonds in December 2018 at an average yield of ...

MFP to issue în January bonds of 100 million euro

Thursday, January 17, 2019

The Ministry of Public Finance wants to issue state bonds of 100 million euro in January to finance the state deficit and refinance public debt, according to an order published in the Official Monitor. The tender date is January 16, 2019, the issue date is Jnaury 18, 2019 and the due date December 13, 2023. The initial maturity is of 5 years, and the residual one 4.90 years. The coupon rate is 1% and the interest rate per bond is 4.93 ...

Merchandising company Grup Sapte will launch on Friday a corporate bond issuance on BVB’s alternative transaction system. 

Thursday, January 17, 2019

The broker of the issuance is Ieba Trust. Grup Sapte had a RON 37 million turnover in 2017 and a net profit of RON 660,300, according to the data delivered by the Finance Ministry. The company had 469 employees in 2017. Its client portfolio includes companies like Nestlé, Unilever, Albalact, AVON, L’Oréal, LG, Delaco, Leroy Merlin, Beko, Arctic, Philips, Cotnari, Vodafone, Star Foods, Huawei, Lidl, ...

Deloitte expects 100 M&A deals in Romania in 2019

Thursday, January 17, 2019


The Romanian mergers and acquisitions market will total around 100 transactions in 2019, keeping a similar pace as during the period 2008-2018, Deloitte Romania said in a report Wednesday. The company estimates the average value of M&A deals at EUR40-50 million, slightly above the EUR40 million average of the past decade. “Despite the harsh fiscal background apparent at the beginning of 2019, we don't expect major ...

Electricity price hits new record on Romania’s spot market

Thursday, January 17, 2019

The price of electricity on the Romanian day-ahead market (DAM) hit RON 630 (EUR 134) per MWh for the delivery date of January 16, during 17:00 to 18:00, marking a new record for the past two years, ...

EP President Tajani: We are counting on Romania's Presidency of EU Council

Wednesday, January 16, 2019


President of the European Parliament Antonio Tajani reiterated on Tuesday, within a joint press conference with Romania's Prime Minister Viorica Dancila, the support of the European Parliament for the Romanian Presidency of the Council of the EU, mentioning, at the same time, that the institution counts on the support of the Romanian Presidency for completing several important files. "First of all, I want to underscore the support of the European Parliament ...

ALDE leader in the EP, Guy Verhofstadt sends warning to Romanian PM: You get closer to the application of Article 7

Wednesday, January 16, 2019


The leader of the ALDE group in the European Parliament, Guy Verhofstadt, has warned Romanian PM Viorica Dancila on Tuesday, while the latter has presented the priorities of the Romanian Presidency of the EU Council, stating that the government she is leading might be the third one against which Article 7 of the EU Treaty might be applied, romaniajournal.ro informs. Verhofstadt added that, if Dancila Gov’t doesn’t comply with the Venice ...

EC Vicepresident: Rule of law, a value that cannot be diluted anywhere in Europe

Wednesday, January 16, 2019

Andrus Ansip, EC vicepresident, declared on Tuesday, in the European Parliament plenum, where Viorica Dancila presented Romania’s priorities in the presidency of the European Council, that the rule of law is an asset for which Romania has been fighting, and there values cannot be diluted anywhere. “I speak on behalf of President Juncker. Romania, like my country Estonia and other member states celebrated its 100th anniversary last year. ...

S&D 's Udo Bullmann after Romanian premier’s speech: There is no ground to set up AMNESTY

Wednesday, January 16, 2019


Udo Bullmann, a member of the Group of Socialists and Democrats in the European Parliament, declared on Tuesday, in the EP plenum, where Viorica Dancila was present, the fact that the rule of law cannot be manipulated and there is no ground to set up amnesty. “We evaluate positively your engagement for Romania’s accession to EU. As a former European MP I think you have this experience. I listened with great interest to what you said and you ...

FinMin Teodorovici, on freezing EU funds in case rule of law is breached

Wednesday, January 16, 2019

The European Union should be pragmatic in the discussions of the European Parliament regarding the freezing of EU funds for the countries that breach the rule of law, as it competes with other powers of the world that "don't expect things to occur at the whim of some or the others," Public Finance Minister Eugen Teodorovici said on Tuesday în Strasbourg."This is a much wider discussion, criteria should be established, it's a mechanism that should be ...

Slovenia's President Pahor welcomed by counterpart Iohannis at Cotroceni Palace

Wednesday, January 16, 2019


President of Slovenia Borut Pahor, on an official visit to Romania, at the invitation of the Romanian president, was welcomed on Tuesday morning by his Romanian counterpart Klaus Iohannis with military honours at the Cotroceni Presidential Palace."Mr President, we welcome you with a little snow," President Iohannis told his Slovenian counterpart. President Klaus Iohannis said on Tuesday, during a joint press conference delivered with his ...

Ruling party accuses President of blocking Government activity

Wednesday, January 16, 2019

Romania’s ruling Social Democrat Party (PSD) urged President Klaus Iohannis on Tuesday to “give a reasonable explanation for the systematic blockages” of the Government, referring to the cabinet appointments dispute over new regional development and transports ministers. “Iohannis needs to offer the citizens a reasonable explanation for the systematic blockages in the last period! Government activity and the country’s ...

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