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The National Forecast Commission has significantly revised down its forecast for this year's economic growth to 1%

Tuesday, December 24, 2024

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  The National Commission for Strategy and Prognosis (CNSP) modified downwards significantly at 1% from 2.8% previously, the estimate for economic growth for this year, due to an accelerated decline of the activity, especially in industry and agriculture.On the supply side, the economy's growth was also affected this year by the modest results in construction (-0.4% compared to 4.8% in the summer forecast), ...

NextGenerationEU reaches €300 billion in RRF payments with new disbursements to Czechia, Germany, Italy, Portugal, and Romania

Tuesday, December 24, 2024

  The Commission disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal and Romania, totalling €26.8 billion in loans and grants. The total disbursed under the RRF has now reached over €300 billion. This important milestone reflect the scale of the transformative reforms and investments ...

Study: Most Romanians use savings to prepare Christmar gift budgets

Tuesday, December 24, 2024

Most Romanians use their savings to prepare budgets for Christmad presents (53%), according to the study Revolut and Dynata, according to a bank press release.   Both men and women had almost similar answers (53% vs 52%) about intentions of using budgets for holiday presents. Only 32% of respondents to the Revolut study said they use only funds from bank accounts to purchase hiliday presents, without ...

President Iohannis: There are premises that we will have a new government very soon

Monday, December 23, 2024

President Klaus Iohannis on Sunday, after consultations with parliamentary parties, said that it is possible for a pro-European coalition government to be formed "very soon.""The pro-European coalition formed by PSD - PNL - UDMR [Social Democratic Party, National Liberal Party, Democratic Union of Hungarians in Romania] and minorities came together with all the leaders, they requested the four leaders come together, and they informed me that ...

Senate and Chamber electing presidents on Monday

Monday, December 23, 2024

The two chambers of the Legislature, the Senate and the Chamber of Deputies, will elect their presidents on Monday morning, after the lawmakers took their oath of office last weekend and the standing committees were established.The sessions will begin at 9:00 AM, and the vote will be secret.On Friday, Saturday, and Sunday, the mandates of the elected officials were validated, senators and deputies took their oaths, and the ...

US delegation to NATO Parliamentary Assembly concerned about the electoral process in Romania

Monday, December 23, 2024

  The US delegation to NATO Parliamentary Assembly appreciated on Friday in  a press release ‘Romania’s role as firm ally of NATO and full-fledged member of the EU’ and in this context they expressed their concern in connetion to the ‘Russian efforts to undermine and influence the electoral process’ in our country."It is the prerogative of the Romanian people to choose their ...

Viktor Orban: As energy cooperation with Ukraine is blocked, cooperation with Romania becomes more important

Monday, December 23, 2024

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The Prime Minister of Hungary, Viktor Orban, was received on Friday at the Victoria Palace by Prime Minister Marcel Ciolacu, with the leader of the Hungarian Democratic Union of Romania (UDMR), Kelemen Hunor, also attending the ceremony.   The Prime Minister Viktor Orban stated that his country managed to buy 1.75 billion cubic meters of gas last year through Romania ...

Prime Minister of Portugal - on working visit to Romania, to Caracal Garrison

Monday, December 23, 2024

The prime minister of Portugal, Luis Montenegro, accompanied by representatives of the Romanian National Defense Ministry (MApN), paid a working visit to Romania on Friday, at the Caracal Garrison, Olt County, where Portuguese troops are deployed.According to an MApN press release, the Chief of Defense Staff, General Gheorghita Vlad, met with Portuguese officials to discuss key issues regarding the security situation, bilateral defense ...

Polish minister of defense visits Polish troops deployed in South-East Multinational Brigade in Craiova

Monday, December 23, 2024

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The Secretary of State for Defense Policy, Planning and International Relations, Simona Cojocaru, and the Chief of the Defense Staff, General Gheorghita Vlad, met on Friday, in Craiova, with the Minister of Defense from Poland, Deputy Prime Minister Wladyslaw Kosiniak-Kamysz, on which occasion the two sides emphasized the need to strengthen the deterrence and defense position on the Eastern Flank.During the visit, the high official met with the ...

NATO Military Committee Chair Admiral Bob Rauer, awarded at Aspen Leadership Awards Gala

Monday, December 23, 2024

NATO Military Committee Chairman, Admiral Rob Bauer, was awarded the "Mihnea Constantinescu - Leadership Based on Values" trophy on Friday, at the 14th edition of the Aspen Leadership Awards Gala. Handing the trophy was Aspen Institute Romania President Mircea Geoana, according to a press release from the Aspen Institute Romania.The event marks the 18th anniversary of the Institute's activity and acknowledges individuals and organisations that ...

PG asks for harsher penalties in cases of promotion of the personality cult of leaders of extremist organizations

Monday, December 23, 2024

Prosecutor General Alex Florenta calls for the amendment of the criminal legislation and harsher penalties for those who incite to violence, hatred or discrimination in the online environment, but also for promoting the cult of persons who were part of the leadership of a fascist, legionary, racist or xenophobic organization."In the current context in which there is a resurgence in the public space of such manifestations characterized by speech ...

CNA: Call on elimination of aggression against journalists

Monday, December 23, 2024

The National Audiovisual Council (CNA) is urging all actors in the public communication space to refrain from any form of aggression, particularly verbal aggression against journalists."In the context of the social tension generated by electoral processes, we are noticing an alarming increase in verbal aggression aimed at journalists, sometimes even endorsed by individuals working in the media. Convinced that freedom of expression must be ...

Romanians to spend 13 pct more money this year for the winter holidays 

Monday, December 23, 2024

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   Romanians will spend 13% more money for this year's winter holidays, but the increase does not necessarily reflect higher consumption, but rather the coverage of inflation, shows a study carried out by Reveal Marketing Research."In the context of rising prices and the cost of living in the last year, the average amount Romanians estimate they will spend on holidays increased by 13% compared to the end of last year, from ...

EY Consumer Index: 56 pct of respondents, concerned about rising electricity, gas and water costs

Monday, December 23, 2024

   More than half (56%) of respondents in the EY Consumer Index Romania 2024 survey are concerned about the rising costs of electricity, gas and water, access to quality healthcare (54%) and the possibility to find a job (52%) being other important concerns.Moreover, 48% of respondents are worried about rising taxes and the cost of food, and 40% think they will not be able to buy a house in the near future.Most ...

Turnover in market services provided mainly to enterprises down 2.8pct Jan-Oct

Monday, December 23, 2024

Turnover in market services provided mainly to enterprises lost 2.8pct in the first ten months of this year compared to the same period last year, as gross series, and 2.5pct, respectively, as series adjusted depending on the number of business days and seasonality, according to a press release of the National Institute of Statistics (INS) sent on Friday.As gross series, in the reference period, the decrease in turnover in market services ...

Wholesale turnover down 2.1pct January through October

Monday, December 23, 2024

Turnover in wholesale trade (except for trade in motor vehicles and motorcycles) decreased, in the first 10 months of this year, compared to the corresponding period in 2023, both as gross series by 2.1%, and as series adjusted depending on the number of business days and seasonality, by 1.9%, according to data made public by the National Institute of Statistics (INS) on Friday.Turnover in wholesale trade (except for trade in motor vehicles and ...

Hungarian PM Viktor Orban to meet PM Marcel Ciolacu in Bucharest on Friday

Friday, December 20, 2024

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 Hungarian Prime Minister Viktor Orban will pay a visit to Bucharest on Friday and have a meeting with Prime Minister Marcel Ciolacu.According to the agenda announced by the Government's Press Office, the two will have talks at the Victoria Palace at 17,00hrs, with joint press statements scheduled afterwards.On November 22, Prime Minister Marcel Ciolacu met his Hungarian counterpart in Budapest to discuss Romania's full accession to ...

Newly-elected Parliament convenes on Friday

Friday, December 20, 2024

  The two chambers of the new Parliament elected in the December 1 election are set to convene on Friday, as of 2 pm, in separate sessions, to open the 2024 - 2028 legislature, at the call of president Klaus Iohannis.The sessions will be chaired by the deputy or senator with the highest number of parliamentary mandates, as a senior president, assisted by the four youngest deputies or senators, as his/her secretaries. In the event that two or ...

PM Ciolacu announces PSD withdraws from talks to form new government

Friday, December 20, 2024

 Prime Minister Marcel Ciolacu announced on Thursday that the Social Democratic Party (PSD) is withdrawing from discussions for forming the Executive and will vote in Parliament for a right-wing government."You can't establish anything concrete with people who say one thing in private and something else in front of the press. You can't do anything with so-called partners who are 'disgusted' to sit at the table with you and who think this is how they ...

President Klaus Iohannis: The last thing Romania needs is an extended government and parliamentary crisis

Friday, December 20, 2024

  The last thing Romania needs is an extended government and parliamentary crisis, President Klaus Iohannis said on Thursday.He pointed out that Romania is "in a very complicated situation" and called on all political leaders that "this is not the time for petty quarrels."Furthermore, Klaus Iohannis drew attention to the fact that the current Executive is, during this period, interim.The statement was made in the context ...

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