Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Daily

EC audit mission in Romania, in December, to evaluate system of official controls along entire dairy chain

Thursday, November 26, 2020

The European Commission (EC) will carry out, December 7 to 16, an audit mission, in video-conferencing system, to evaluate the official controls on the safety of milk and dairy products carried out by the competent authorities in Romania, informs the National Sanitary Veterinary and Food Safety Authority (ANSVSA), in a press release sent on Wednesday."The experts of the audit mission will evaluate the system of official controls along the entire ...

EY: 46 pct of foreign investments in Romania were cancelled, reduced or suspended in 2020

Thursday, November 26, 2020

201126092147EY_Logo_Beam.jpg

Nearly half of foreign investors present in Romania (46 pct) have cancelled, diminished or interrupted their investments in 2020, while 51 pct operated no change in planned investment projects, the EY Attractiveness Survey Romania data reveals, the first EY attractiveness study dedicated to the local market.Nonetheless, investors remain optimistic, and 41 pct of them consider that Romania will be more attractive from the point of view of foreign ...

Study: 58% of the SMEs have money to survive only for one or two months

Thursday, November 26, 2020

A percentage of 58% of the small and medium entreprises have money to survive only for one or two months,according to the barometre SierraQuadrant,which shows that the issues of the companies have become quite serious in November.   The second wave of Covid pandemics and the new restrictions imposed by the authorities have affected even more the Romanian economy, mainly the sector of SMEs where the financial issues have ...

The peasant market for St.Andrew – from Friday to Sunday at the Museum of the Romanian Peasant

Thursday, November 26, 2020

201126092722Piata_Taraneasca_de_Sfantul_Andrei_300x381.jpg

A new edition of the event for the promotion of Romanian cuisine,art and craftsmanship ‘ The St.Andrew Peasant Market’ will take place from Friday to Sunday between 10 a.m. and 6 p.m. in the yard of the National Museum of the Romanian Peasant.The event, organised by the Association Urban Events showcases the end of autumn and the beginning of winter festivities and brings together traditional producers, folk craftsmen and ...

Iohannis, after a year in the second term of President of Romania

Wednesday, November 25, 2020

201125100553original_declaratie_de_presa_24_nov_2020_30.jpg

Romania has entered the health crisis completely unprepared, and the Social Democratic Party (PSD) is the main culprit for this disaster, on Tuesday evening said president Klaus Iohannis, at the Cotroceni Presidential Palace."Let us not forget for a moment that three decades after the 1989 Revolution, Romania has entered completely unprepared an unprecedented health crisis. The PSD is the main culprit for this disaster and this must be said loudly and ...

BNR: Adverse effects of pandemic crisis have been relatively limited so far on labor market

Wednesday, November 25, 2020

201125103940124135652web325.jpg

The adverse effects of the pandemic crisis on the labor market have been relatively limited so far, including in relation to expectations, given the resumption of activity in many sectors after the gradual relaxation of restrictions, but also as a result of the extension of government support measures aimed at maintaining labor relations, show the Minutes of the monetary policy meeting of the National Bank of Romania (BNR) Board of Directors, released on ...

Coronavirus weekly report: 29.2 pct of total deaths - in Bucharest, Constanta, Prahova, Sibiu and Bihor

Wednesday, November 25, 2020

Over 29 pct of the total deaths caused by the novel coronavirus that have been recorded in the November 16-22 week were in the City of Bucharest, and the counties of Constanta, Prahova, Sibiu and Bihor, mentions on Tuesday the National Institute for Public Health (INSP).According to the weekly monitoring report, based on data reported until November 22, 29.2 pct of the total number of deaths were recorded in the City of Bucharest, and the counties of ...

Declaration on use of technology for support of democratic rule – adopted by Governing Council of the Community of Democracies (CoD)

Wednesday, November 25, 2020

Foreign minister Bogdan Aurescu welcomes the adoption of the Declaration on the role and use of technology for support of democratic rule, at the 32nd  meeting of the  Governing Council of Community of Democracies (CoD) held on Tuesday.   “The declaration of the Governing  Council of the Community of Democracies on the role and use of technology for the support of democratic rule ...

Promulgated law: Amendments to adoption procedure

Wednesday, November 25, 2020

President Klaus Iohannis promulgated on Tuesday a law that amends the adoption procedure.The law has in view to amend and complete law 273/2004 on the adoption procedure, and the abrogation of article 5 paragraph 7 letter s) and cc) of Government emergency order 11/2014 on adopting certain reorganization measures at central public administration level and for the amendment and completion of certain ...

Government supplements money needed for payment of contribution to EC and pre-financing producers of vaccine against coronavirus

Wednesday, November 25, 2020

201125102504unnamed__1_.jpg

Finance minister Florin Citu, declared on Tuesday, that the government supplemented, upon budget rectification, the amount of money needed for the contribution to the European Commission and pre-financing producers and vaccines against the new coronavirus. “Thus Romania makes sure will be among the first countries to have access to this vaccine,” Citu said.   “In the budget rectification ...

Gov't to release national recovery, resilience plan before next week

Wednesday, November 25, 2020

Prime Minister Ludovic Orban has said Romania's National Recovery and Resilience Plan will most likely be made public by next week, at the latest."The National Recovery and Resilience Plan will most likely be made public by next week, at the latest. It will be subject to public debate and any proposals for its improvement from the civil society are eagerly awaited so that we can to find a more responsible and useful use of the European funds that will be ...

Orban: Raises in minimum wage in 2021 depends on the state of the economy

Wednesday, November 25, 2020

At virtual talks with representatives of the Tripartite National Council for Social Dialogue on Monday, Prime Minister Ludovic Orban said that the guaranteed minimum wage will increase in 2021 depending on the state of the economy. Labour Minister Violeta Alexandru also participated in the virtual talks."We are in favour of a raise mechanism based on economic realities, namely inflation, productivity gains and other economic factors. Our goal is not to ...

Fiscal Council estimates probable level of budget deficit of 9.8% for 2020

Wednesday, November 25, 2020

The Fiscal Council (CF) estimates a probable level of the budget deficit for 2020, according to the cash methodology, around 9.8% of GDP, by 0.7 percentage points above the estimate of the Ministry of Public Finance (MFP), according to the opinion of the institution regarding the third revision of the general consolidated budget for 2020.The document states that the second wave of the pandemic interrupts / slows the recovery of economies in the fourth ...

BNR: Loans to non-government sector, up 0.6 percent in October

Wednesday, November 25, 2020

At end-October 2020, loans to non-government sector granted by credit institutions increased 0.6 percent (0.4 percent in real terms) from September 2020 to RON 279,172.6 million, Romania's Central Bank (BNR) informs in Tuesday's release.RON-denominated loans, representing 69.0 percent of total volume of loans to non-government sector, moved up 1.2 percent, whilst foreign currency-denominated loans, representing 31.0 percent of total loans to non-government ...

Commission approves €216 million Romanian scheme to support small and medium sized companies affected by the coronavirus outbreak

Wednesday, November 25, 2020

201125102811images.jpeg

The European Commission has approved a €216 million (RON 1.043 billion) Romanian scheme to support small and medium-sized companies (SMEs) affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary ...

EBRD: Working capital loan for Romanian steelmaker Donalam

Wednesday, November 25, 2020

201125103740donalam.jpg

  EBRD loan of €5 million to steel mill in south-eastern Romania Loan to bridge potential need for working capital  EBRD boosts resilience of private firms as they weather ...

Report: Phishing accounts for about one third of cyber attacks registered in Romania

Wednesday, November 25, 2020

Phishing accounts for almost a third (32%) of the most common cyber attacks recorded in 2020 and in Romania the city with the most blocked attacks is Bucharest, with a monthly average of 450,000, show the data of the Business Internet Security 2020 report released on Tuesday by Orange."Companies have quickly adapted their cyber security policies to meet the need to manage and protect the suite of devices used for remote work, but also to protect the ...

Anti-COVID vaccination strategy to be subject to CSAT approval

Tuesday, November 24, 2020

President Klaus Iohannis announced on Monday that the anti-COVID vaccination strategy will be approved at a meeting of the Supreme Council of National Defense (CSAT) to be convened in the next period.Klaus Iohannis had a meeting on Monday with the Minister of National Defense, Nicolae Ciuca, the Minister of the Interior, Marcel Vela, and the Minister of Health, Nelu Tataru, on the topic of the anti-COVID-19 vaccination campaign, considered a national ...

Regional storage centers for anti-COVID vaccine: military hospitals in Timisoara, Craiova, Brasov, Cluj-Napoca, Iasi and Constanta

Tuesday, November 24, 2020

The Ministry of National Defense will provide land and air transport for all vaccine doses upon their arrival in the country, as well as takeover and transport to vaccination centers throughout Romania, says National Defense Minister Nicolae Ciuca."The Ministry of National Defense will be involved, with an important role, in the national vaccination campaign against COVID-19 and will ensure, through the specialized structures, the necessary logistical ...

COVID-19 vaccination not to be mandatory in Romania

Tuesday, November 24, 2020

National chairman of the National Liberal Party (PNL) Prime Minister Ludovic Orban said on Monday that the COVID-19 vaccination will not be mandatory in Romania, and an immunisation strategy will be unveiled this week."Authorities can't force anyone into getting vaccinated; we can show them all the benefits of vaccination, we can try to convince them to get vaccinated, but we can't force someone into getting vaccinated. Of course, vaccination is the best ...

Premium News

Daily

Friday, November 27, 2020

Financial & Banking

Monday, November 23, 2020

Economic

Tuesday, November 24, 2020

Companies

Wednesday, November 25, 2020

Energy & Environment

Thursday, November 26, 2020