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President Iohannis at CSM: I call on you to support implementation of Venice Commission, CVM, GRECO recommendations

Wednesday, December 11, 2019

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President Klaus Iohannis on Tuesday called on the members of the Superior Council of Magistracy (CSM) to "effectively" support the implementation of the Venice Commission, Co-operation and verification Mechanism (CVM) and Group of States Against Corruption (GRECO) recommendations."I call on you to effectively implement the Venice Commission, CVM, GRECO recommendations, in view of aligning the current legislation with the European standards, and I also want to ...

Liviu Dragnea remains in jail

Wednesday, December 11, 2019

Former socia-democrat - PSD chairman Liviu Dragnea remains in prison after the Supreme Court had overruled his appeal in the file where he was sentenced to 3 years and a half in prison for corruption. Dragnea came ...

Sovereign Development and Investment Fund dissolved, Orban announces

Wednesday, December 11, 2019

Premier Ludovic Orban announced on Tuesday, at the beginning of the government meeting that the  Sovereign Development and Investment Fund (FSDI)would be dissolved, as he considered it was an election scheme. Orban said the fund gave some mayors the illusion they could carry out investment projects without budget support in that respect. On November 15, 2018, the government adopted the order for setting up FSDI with a ...

Radulescu (BT): With budget deficit over 4%, share of public debt in GDP will be close to 40% in 2020

Wednesday, December 11, 2019

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A budget deficit higher than 4% this year could make the share of public debt in GDP get closer to 40% in 2020, a risk level for countries like Romania, where a relaxed mixture of economic policies exists, said Andrei Radulescu, research manager at Transylvania Bank (BT). “For public finances, we estimate a deficit under 4% this year. I want to point out in this context, that budget deficit will exceed 4% of GDP this year, next year  we will ...

Study: One out of two Romanian employees think 2019 was a professionally tiring and stressing year 

Wednesday, December 11, 2019

Half of Romanian employees think that 2019 was more tiring professionally, full of challenges, effort and more stress compared to the previous year, data of the latest study made by BestJobs recruiting agency, according to which only 14% feel it was a more calm and quieter year, bringing them the balance between personal life and job. Another 13% enjoyed a better year, which brought them more satisfaction, while for two out of ten employees 2019 was ...

Net investments in national economy January through September up almost 19pct

Wednesday, December 11, 2019

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Compared to quarter III 2018, in quarter III 2019 the net investments in the national economy summed up to 26841.7 million lei, increasing by 26.8%. Compared to period 1.I-30.IX.2018, in the period 1.I-30.IX.2019 the net investments in the national economy summed up to 67139.3 million lei, increasing by 18.6%. Net investments in the national economy in the first nine ...

Trade deficit exceeded 14 billion euros January through October

Wednesday, December 11, 2019

In the period 1.I-31.X 2019, the FOB exports amounted to 58178.4 million euro and the CIF imports amounted to 72201.6 million euro. In the period 1.I-31.X 2019, the exports increased by 1.7% and imports by 4.6%, compared to the period 1.I-31.X 2018. In the period 1.I-31.X 2019, the FOB-CIF commercial deficit was of 14023.2 million euro, 2180.8 million euro more than in ...

Magurele Laser becomes operational next year

Wednesday, December 11, 2019

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The high-power laser in Magurele will be operational as of next year, Prime Minister Ludovic Orban stated on Tuesday."The main purpose of our presence here is to identify the best ways by which the Government can support the activity of the institute and contribute to the capitalization of basically the presence of the laser with the highest power in Romania and to use all the results of the research to be done here. I discussed about the current stage of this ...

Natural growth rate in Romania continues to be negative in October 2019

Wednesday, December 11, 2019

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In October 2019 the number of recorded births increased compared to September 2019. The number of recorded deaths and the number of recorded deaths of children under 1 year rose in October 2019 compared to September 2019. The number of recorded marriages and the number of recorded divorces dropped in October 2019 compared to September ...

President Iohannis: I want mayors to be elected in two rounds

Tuesday, December 10, 2019

President Klaus Iohannis on Monday argued that mayors must be elected in two rounds and stressed that a real partnership between central and local public administration is needed."The messages I have for the mayors of municipalities are general messages, which I will give to the other mayors. For example, that I want mayors to be elected in two rounds or that I very much wish for a partnership between the central administration, through the Government, and the ...

Senate adopts simple motion against Finance Minister Florin Citu

Tuesday, December 10, 2019

The Senate has adopted, on Monday, the simple motion against Minister of Public Finance, Florin Citu. The motion received 59 votes "for", 56 "against" and two abstentions. The simple motion, titled "PNL Government, your name is austerity" was initiated by 41 Social Democratic Party (PSD)'s senators."Mr. Citu, as minister, made hazardous and irresponsible statements only to serve political orders of the party he represents in a moment with maximum public exposure - ...

Finance minister claims previous govt knew of 4% deficit, accuses them of acting against the interest of Romania

Tuesday, December 10, 2019

Florin Citu, the Finance minister of Romania's new Liberal government on Monday accused his predecessor and the prime minister of the previous Social Democratic government of knowing well in advance and hiding prospects of a 4% deficit. "It was all premeditated, they put their personal interest above the interest of Romania," minister Florin Citu said.The high budget deficit was first announced by the Liberal government shortly after it took over from the Social ...

PNL to notify today Parliament about taking responsibility for three bills

Tuesday, December 10, 2019

Deputy Prime Minister Raluca Turcan said on Monday that the Executive Bureau of the National Liberal Party (PNL), at rule, decided at its meeting to notify Parliament on Tuesday about passing three bills by government taking responsibility for them before Parliament - justice legislation, repealing Emergency Ordinance No.51/2019, a bill on public spending caps."The PNL decided at the convention of the Executive Bureau to notify Parliament on Tuesday about taking ...

PNL to support repealing special state pensions, except for military, magistrates

Tuesday, December 10, 2019

The National Liberal Party (PNL) decided on Monday to support the abolition of special state pensions, with the exception of those for the military and magistrates, Deputy Prime Minister Raluca Turcan said Monday at the end of a convention of the party's Executive Bureau."We made the decision for PNL to support the abolition of special pensions, with the exception of the pensions for the military and the magistrates who already have a decision of the ...

Bogdan Aurescu, Adina Valean talk on political priorities of new European Commission

Tuesday, December 10, 2019

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Foreign Affairs Minister Bogdan Aurescu had a meeting with Adina Valean, the European Commissioner for Transport, on Monday, and the two officials exchanged views on the main issues on the European agenda, with emphasis on the major political priorities of the new European Commission, informs the Foreign Affairs Ministry (MAE) in a release .According to the quoted source, the two officials also addressed issues of interest regarding the European transport ...

The former president Ion Iliescu, interview for TASS: I hope the Romanian politicians will understand the importance of normalization of the relations with Russia

Tuesday, December 10, 2019

The former president Ion Iliescu offered an interview to the Russian press agency TASS, after a long period when he was not present in the public life in Bucharest, he showing his hope that the Romanian politicians will understand the importance of the normalization of the relations with Russia, according to Digi 24. Asked how he evaluates the present state of the bilateral relations and the way they should be, these relations, Ion Iliescu says that ...

European Funds Ministry, WB discuss linking entrepreneurship to education system, through EU-funded vouchers

Tuesday, December 10, 2019

The representatives of the Ministry of European Funds (MFE) and those of the World Bank are discussing the possibility of implementing entrepreneurship in the Romanian education system, through vouchers from the European funds programmes aimed at improving human resources, the relevant minister Marcel Bolos said on Monday.Minister Bolos says he had a discussion with the Head of the Representation Office for Romania and Hungary of the World Bank, Tatiana ...

Survey: For 88% Romanian businessmen, the issue of corruption represents an obstacle for the development of the companies

Tuesday, December 10, 2019

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Almost 88% of the representatives of the business environment in Romania consider that the issue of corruption represents an obstacle for the development of companies, shows a survey regarding the attitude of the European business environment against corruption in the EU, published on Monday by the European Commission on the occasion of the International Day for Anti-corruption. This shows that the level of corruption is less spread in the EU than in ...

Statistics: 1pct growth in average gross nominal earnings in October

Tuesday, December 10, 2019

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 The average gross nominal earnings increased in October compared to September by 1 per cent, up to 5,090 lei, while the average net nominal earnings increased by 1.1 per cent, shows data released by the National Institute of Statistics (INS) on Monday.The highest value of the average net nominal earnings were registered in the information technology services activities (including IT services activities) sector - of 7,118 lei, and the lowest in manufacture of ...

Eurostat:Romanians, Lithuanians, heaviest EU spenders on food, and non-alcoholic beverages

Tuesday, December 10, 2019

 In 2018, households in the European Union (EU) spent 12.1% of their total consumption expenditure on food and non-alcoholic beverages, with Romanian, Lithuanian and Estonian household topping the list, according to data published on Monday by the European Statistical Office (Eurostat).In 2018, households in the European Union (EU) spent over 1,047 billion (equivalent to 6.6% of EU GDP) on food and non-alcoholic beverages, the third largest category of ...

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