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Arrears in credits in lei up 2.15pct in Jan; arrears in foreign currency loans down 3pct

Thursday, February 25, 2021

The total value of outstanding loans in lei of the population and companies in January 2021 amounted to 4.5 billion lei, up 2.15pct compared to the amount reported in the previous month, while arrears on foreign currency loans decreased by 3.06pct, down to 1.56 billion lei (equivalent), according to data released by the National Bank of Romania (BNR).The total loans in lei reached, in January, 197.991 billion lei (by 0.51pct more than the previous month), of ...

Ford Craiova suspends production of vehicles and engines for eight days

Thursday, February 25, 2021

Ford Craiova suspends the production of vehicles and engines for eight days, starting with February 26, due to problems related to the supply of semiconductors that affect a large part of the global automotive industry, company's representatives announced on Wednesday.According to Ford Romania spokeswoman Ana Maria Timis, the company's current plan is for production to resume on March 10."During the eight days in which production will be ...

WB: Top 10 cities in Romania where people would like to live

Thursday, February 25, 2021

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Over 73% of the inhabitants of the Romanian cities are living in apartments and yet, there is no clear approach countrywide and locally on the regeneration of the districts of apartment buildings, reveals a report by the World Bank (WB). The report says that during those 30 years of transition, there have been few initiatives to tackled in an integrated approach, the issues encountered by the district of blocks of flats in ...

Survey: 86% of the family businesses estimate the growth of the business starting with 2022

Thursday, February 25, 2021

The owners of family businesses are optimistic regarding the evolution of their company in the next two years, 86%  anticipating that they will come back to the rates of growth before the pandemics until 2022, while  80% of the family businesses intend  diversify their  portfolio or to extend on new markets, according to the survey  ‘Family Business Survey’, made by PwC at global ...

Analysis: Almost 60,000 companies will be under the sign of restructuring în Romania

Thursday, February 25, 2021

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Almost 60,000 Romanians companies will be under the sign of restructuring this year (  and insolvency,bankruptcy, activity suspension) due to the drop in support offered by the state and the difficult access to the lines of banking financing, shows an analysis of Sierra Quadrant, company for the restructuring of the business which estimates that it is not impossible to reach a level of insolvencies similar to that registered ten years ...

2021 state budget bill, sent to Parliament for debate and approval

Wednesday, February 24, 2021

The 2021 state budget bill was sent to Parliament on Tuesday morning for debate and approval, according to an information from the Government.On Monday evening, the Citu Cabinet approved the 2021 state budget bill in its final form, with the approval of the Legislative Council.According to the Government, the proposed bill represents "a fair and credible budget aimed at development and ...

CFA Romania's budget deficit projection at 7.4 pct of GDP this year

Wednesday, February 24, 2021

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Financial analysts anticipate this year's budget deficit will be 7.4 percent of GDP and the inflation rate over a 12-month time horizon, specifically by February 2022, to be 2.58 percent, Romania's chartered financial analysts association CFA Romania said in a release.As regards the euro/leu exchange rate, over 88 percent of the survey participants anticipate a depreciation of the national currency in the next 12 months, with the average rate over a 6-month ...

Property Fund: Most important challenges for Romania in 2021 are: health crisis, Covid 19 vaccination campaign and fiscal consolidation

Wednesday, February 24, 2021

The most important challenges for Romania in 2021 are: the health crisis until reaching the best level of immunity, Covid 19 vaccination campaign and fiscal consolidation, Property Fund (PF) report shows.   “Consumption grew gradually while restrictions were lifted. The fact that Romanian economy is based on consumption at a significant level proved a major vulnerability in this period of time. We ...

Romania ranks second in EU in terms of administering complete two-dose COVID-19 vaccine

Wednesday, February 24, 2021

Romania is ranking second in the European Union and sixth in the world in terms of administering the second and last dose of the COVID-19 vaccine reported per 100 people, according to Chairman of the National COVID-19 Vaccination Coordination Committee (CNCAV) Valeriu Gheorghita."Compared with the other member states of the European Union, I can tell you that at the moment in terms of the number of doses administered per 100 people, Romania is in third ...

UK SARS-CoV-2 variant, already spreading in half of country's counties

Wednesday, February 24, 2021

The SARS-CoV-2 variant, lineage B.1.1.7 is already spreading in half of the country's counties and there is a high probability of covering the entire territory of Romania in the near future, the National Institute of Public Health indicated on Tuesday, in the epidemiological analysis of the first 136 cases of COVID-19 in Romania confirmed with new variants of the virus."Combined efforts are needed to perform sequencing and communicate the results to DSP [the ...

ForMin Aurescu: Romania will remain a dedicated supporter of Belarusians' right to a democratic future

Wednesday, February 24, 2021

Romania will remain a dedicated supporter of the Belarusian people's right to a democratic future and a rightful place in the European family, Romania's Foreign Minister Bogdan Aurescu said on Tuesday in a keynote speech to the high-level segment of the 46th regular session of the Human Rights Council (HRC) in Geneva via videoconference."I would like to express Romania's serious concern about the situation in Belarus. (...) We regret to witness that Belarus ...

GAC informal meeting on COVID-19 pandemic, security and defence

Wednesday, February 24, 2021

On Tuesday, Secretary of State Iulia Matei participated in the informal meeting of ministers and state secretaries for European Affairs from EU member states (GAC), held in videoconference format, informs the Ministry of Foreign Affairs (MAE).The officials discussed aspects related to coordination at the EU level in managing the COVID-19 pandemic and strengthening the EU resilience in the health care field, as well as initiatives in the security and defence ...

Over 700 troops, 13 ships, 9 aircraft to be deployed at Black Sea for Poseidon 21 exercise

Wednesday, February 24, 2021

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The Romanian Naval Forces (FNR) organizes between February 26 and March 6 the field application "Poseidon 21," the first multinational exercise in 2021, held in the Black Sea, with the participation of over 700 Romanian and foreign military staff, who will use 13 military ships, nine aircraft, a pyrotechnic intervention vehicle and a remote-controlled underwater robot, informs a press release sent on Tuesday by the General Staff of the Naval Forces ...

JusMin Ion had a meeting with German Ambassador Cord Meier-Klodt

Wednesday, February 24, 2021

Minister of Justice Stelian Ion met on Tuesday with the German Ambassador to Romania, Cord Meier-Klodt, a context in which they discussed, among other things, the abolition of the Justice Crimes Investigation Section (SIIJ).According to a Ministry of Justice's release sent on Tuesday, the two officials spoke about topics of interest on the domestic and European agenda, as well as about bilateral cooperation in the field of justice."You are in a ...

Japan - largest Asian investor in Romania

Wednesday, February 24, 2021

Deputy Prime Minister Dan Barna informs that he had a meeting with the Japanese Ambassador to Romania, Hiroshi Ueda, in the context of Japan's National Holiday, marked on February 23, the birthday of Emperor Naruhito."Today, on Japan's Day, I had a meeting with Mr. Hiroshi Ueda, the Japanese Ambassador to Romania. I took this opportunity to express Romania's gratitude for Japan's decision to introduce our country in the tests for the anti-COVID-19 Avigan ...

PSD's Ciolacu: UK remains a strategic partner of Romania

Wednesday, February 24, 2021

 The United Kingdom remains a strategic partner of Romania after leaving the European Union, PSD (Social Democratic Party - opposition) leader Marcel Ciolacu said after meeting United Kingdom's Ambassador in Bucharest, Andrew Noble."Today I had a meeting with the Ambassador of Great Britain and Northern Ireland in Romania, His Excellency Mr Andrew Noble. I assured him that #UK is and remains a #partner & a #strategic ally of Romania after leaving ...

IntMin Bode meets World Bank's Proskuryakova on improving disaster management

Wednesday, February 24, 2021

Projects carried out by Romania's Interior Ministry (MAI) to increase disaster resilience and response and strengthening the capacity of public bodies to respond promptly and effectively to emergencies were on the agenda of talks held on Tuesday between Interior Minister Lucian Bode and Tatiana Proskuryakova, country manager of the World Bank for Romania and Hungary."During the talks, the minister of Internal affairs underlined the appreciation for the ...

BNR: Deposits of non-government resident customers up 0.3 pct this January

Wednesday, February 24, 2021

The deposits of non-government resident customers were 0.3 percent up this January from the previous month, to RON 422.103 billion; compared to January 2020, the advance is 15.8 percent (12.4 percent in real terms), the National Bank of Romania (BNR) informs in a release on Tuesday.RON-denominated deposits of residents, accounting for 65.1 percent of the total deposits of non-government customers, increased 0.2 percent from December 2020 to RON 274.918 ...

Non-government loan balance increases by 0.4 pct in January

Wednesday, February 24, 2021

The balance of non-government loan granted by credit institutions increased by 0.4 pct in January 2021, compared to December 2020 (-0.9 pct in real terms), to the level of 283.531 billion lei, informs the National Bank of Romania (BNR) in a press release sent on Tuesday.The lei-denominated loan, with a share of 69.6 pct in the total volume of non-government loan, increased by 0.5 pct, and the foreign currency credit expressed in lei, with a share of 30.4 pct ...

 EUR 254 million for Bucharest heating system's rehabilitation from European Commission

Wednesday, February 24, 2021

 The European Commission approved, on Tuesday, under EU state aid rules, Romania's plans to support the modernisation of the heating system of the municipality of Bucharest, informs a press release of the Community Executive.This aid measure of EUR 254 million, financed through the EU Structural Funds, will help Romania achieve its energy efficiency targets and help to reduce greenhouse gas and other pollutant emissions without unduly distorting ...

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