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IMF significantly upgrades its estimate of Romanian economy's growth to 6pct in 2021

Wednesday, April 7, 2021

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The International Monetary Fund (IMF) has significantly upgraded its estimates of Romania's economic growth in 2021, which should go up to 6%, surpassed elsewhere in Europe only by a projected 6.4% growth in Spain, according to the IMF April World Economic Outlook published on Tuesday.Whereas last October the IMF was estimating Romania to record a 4.6% economic growth in 2021, according to the latest outlooks published on Tuesday, Romania's Gross Domestic ...

Citu: Romania's economy is path of sustainable economic growth

Wednesday, April 7, 2021

Prime Minister Florin Citu says the economy is on a path of "sustainable economic growth," after IMF forecasts showed a 6% increase in GDP for Romania in 2021."Fantastic news for all Romanians! The IMF trusts the Romanian Government and estimates a significantly higher economic growth for Romania. The IMF forecasts show a substantial economic growth of 6% in GDP in 2021, the second largest growth in the European Union. We take the best measures for the ...

Finance minister: Deficit in quarter 1, 2021 reported to 2020 deficit drops by 0.4%

Wednesday, April 7, 2021

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Alexandru Nazare, the public finance minister, says there is a drop of the budget deficit in quarter 1, 2021, against the same period of 2020, although the first two months of 2020 were not marked by expenses generated by the health crisis. Nazare said that a part of loans made by the government last year were used to refinance older credits.   Nazare also declared that loans made by the Romanian state ...

Senate passes ordinance amending law on measures to protect national economic interests

Wednesday, April 7, 2021

 Acting on a request for re-examination submitted by President Klaus Iohannis, the Senate on Tuesday passed Government Emergency Ordinance (OUG) 166/2020 amending Law 173/2020 on measures to protect Romania's national economic interests.Senate resumes its vote on OUG 166/2020 on Tuesday after failing to win 69 votes for passing or rejection.OUG 166/2020 replaces "government shareholdership" with "shares held by the government" in Law ...

Council of Foreign Investors expects investment to increase in România in H2

Wednesday, April 7, 2021

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 The March 2021 Business Sentiment Index, followed by the Council of Foreign Investors (FIC), shows that most large companies in the organization expect foreign direct investment in Romania to increase in the second half of the year, FIC President Ramona Jurubita said on Tuesday."The Council of Foreign Investors is following an indicator called the Business Sentiment Index. It is an indicator that we measure twice a year, and this year's edition, from ...

Average monthly income in Q4 2020: 5,384 RON per household, expenses represent 86%

Wednesday, April 7, 2021

- The total monthly average income was, in nominal terms, 5384 lei per household and 2099 lei per person in Q IV 2020. - In Q IV 2020, the total monthly average expenditure of the population was 4627 lei per household (1804 lei per person), accounting for 86.0% of the total income.    The total average income per household in Q4 of 2020, in ...

Seasonally adjusted unemployment rate rises to 5.7 pct in February

Wednesday, April 7, 2021

- Unemployment rate in February 2021 increased with 0.1 percentages points as compared to the previous month (5.6%). - Women’s unemployment rate was higher than that of men with 0.2 percentages points.   The seasonally adjusted unemployment rate rose by 0.1 percentage points in February to 5.7 pct from 5.6 pct in the previous month, according to ...

PM Citu: June 1 - the first step toward resuming normalcy

Tuesday, April 6, 2021

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 Prime Minister Florin Citu is suggesting setting up an inter-ministerial committee to ensure Romania's return to normalcy from June 1."Today I will announce the establishment of an inter-ministerial committee, under the coordination of the prime minister, to make sure Romania's return to normalcy on June1. In fact, this is the first milestone, the first step, the first milestone we set for the a return to normalcy," Citu told a news conference on ...

Weekend early closing time for stores in localities with high infection rates stays unchanged

Tuesday, April 6, 2021

Prime Minister Florin Citu emphasized today that the weekend early closing time for stores in localities with higher infection rates will not change."I have permanent discussions with store chains, we also talked before making this decision, the closing time was not discussed, they only asked for a little time to prepare. We asked the stores to comply with certain inside shopping rules. I kept in contact with the retailers throughout this time, they ...

Coronavirus : Ilfov County, Bucharest stay in red zone, despite dip in incidence rate

Tuesday, April 6, 2021

 Ilfov County has a 14-day cumulative COVID infection rate of 8.97 per thousand population, down from 9.17 the previous day, shows data released on Monday by the Strategic Communication Group (GCS).In Bucharest the infection incidence rate is 6.83 per thousand population, slightly less compared to the previous day (6.85).The other counties in the red high-risk infection zone are Cluj - 6.37, Timis - 5.14, Brasov - 4.98, Hunedoara - 4.57, ...

New SARS-CoV-2 stem presenting E48K mutation identified in Romania

Tuesday, April 6, 2021

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The new coronavirus version, presenting both the characteristics of the British strain B1.1.7 and the E484K mutation, which according to some studies can reduce the effectiveness of vaccines against the virus, has been identified in Romania, based on sequencing performed at the "Stefan cel Mare" University of Suceava (USV), shows a press release sent , on Monday, by the spokesperson of this academic institution, Codrut Serban.According to the same source, ...

HealthMin Voiculescu: Very likely we will have to live with one form or another of virus

Tuesday, April 6, 2021

Minister of Health Vlad Voiculescu said on Monday that it is not known how long it will take until going back to the "freedom" we enjoyed a year and a half ago, before the pandemic, and that the worldis "very likely" to have to live "one way or another with one form or another" of the novel coronavirus."Most likely we will have to live one way or another with one form or another of the virus and then we, as a country, will have to find ways to live with this ...

Turkey, Ukraine added to Romania's list of countries with high epidemiological risk

Tuesday, April 6, 2021

The National Committee for Emergency Situations (CNSU) updated on April 2 the "yellow list" of countries with a high epidemiological risk. Travelers arriving from countries on the list need to quarantine for 14 days at home or at a stated location. Bermuda, Turkey, Ukraine, Armenia, and Croatia have been added to the list. Malta and Latvia are no longer on the ...

US Secretary of State Antony Blinken expected in Bucharest in the 2nd part pf the year

Tuesday, April 6, 2021

The Head of the American diplomacy, secretary of state Antony Blinken might come to Romania in the second half of this year to mark 10th years of joint statement on the Strategic Partnership and the agreement on the missile shield in Deveselu. His Romanian counterpart, FM Bogdan Aurescu has already sent Blinken the invitation, after the two discussions they had last week.   “It is very important ...

The Treaty between Romania and Jordan on extradition was signed

Tuesday, April 6, 2021

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Romania's minister of foreign affairs, Bogdan Aurescu, met with his Jordanian counterpart Ayman Safadi in Amman on Sunday, April 4, during an official visit to Jordan. The two discussed several topics of interest, such as the Romanian-Jordanian bilateral relation and assessing the possibilities for deepening international cooperation, including from the perspective of the EU-Jordan and NATO-Jordan relationship. During the meeting, the two ...

Isarescu  contested with the Constitutional Court the law article through which he had a trial as Securitate collaborator

Tuesday, April 6, 2021

The BNR governor Mugur Isarescu obtained from the Court of Appeal Bucuresti the notification of the Constitutional Court as regards two articles in the law which aims at revealing the Securitate collaborators. Isarescu is accused by the National Council for the Study of the Securitate Archives (CNSAS) that he was informer before 1989, after he had, in the past, documents which said he had not collaborated with Securitate, relates Profit.ro. The Court ...

Finance Ministry borrows 580 million lei off banks

Tuesday, April 6, 2021

 On Monday, the Ministry of Finance borrowed 580 million lei off banks through a benchmark government bond issue of a residual maturity of 63 months, at an average yield of 2.59% per annum, according to data published by the National Bank of Romania (BNR).The nominal value of Monday's issue was 500 million lei, and the banks bid 951.3 million lei.An additional auction is scheduled for Tuesday, when the government wants to raise another 75 ...

The tobacco sector could contribute by 2.56% to the GDP annually

Tuesday, April 6, 2021

The tobacco sector could bring to the Romanian economy 5.7 billion euro, annually, which would contribute 2.56% to the GDP,shows a scenario taken into consideration by the Association for Studies and Economic-Social Estimates (ASPES) in a specialty research, published on Monday.‘The optimistic scenario relies on the hypothesis of economic growth at the level of Romania’s potential, as well as revision of the hostile way in which the industries ...

Retail turnover, up 1.5 pct in first two months

Tuesday, April 6, 2021

The volume of turnover in retail trade (except for trade in motor vehicles and motorcycles) increased, as unadjusted series, by 1.5% in the first two of the current year, compared to January 1 - February 29, 2020, and it decreased by 1.9% as workday and seasonally adjusted series, according to data published on Monday by the National Institute of Statistics (INS).Thus, the volume of turnover in retail trade (except for trade in motor vehicles and ...

Romania remains the largest producer of sunflower in EU

Tuesday, April 6, 2021

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Romania remains the largest producer of sunflower in the European Union, in 2020, both in terms of production, with a total of 2.07 million tonnes and 1.22 million hectares, according to the provisional data announced by the National Institute of Statistics (INS).Last year, the total sunflower harvest decreased due to drought by 1.497 million tonnes, respectively 42pct, compared to 2019 when it exceeded 3.569 million tonnes.Following Romania in ...

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