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NATO Defence Ministers conclude two days of discussions in Brussels

Friday, February 15, 2019

NATO Secretary-General Jens Stoltenberg wrapped up two days of important discussions between Allied Defence Ministers in Brussels today (Thursday 14 February 2019), the statement issued by the Alliance says. Ministers discussed arms control, current operations and missions, burden-sharing, and European defence. The Secretary General described the Alliance as “in good shape” as its approaches its 70th anniversary in Washington in April. All ...

INSCOP poll: Army and NATO are the institutions Romanians trust the most

Friday, February 15, 2019

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The Romanians trust the national forces and NATO the most, while the Parliament of Romania and the European Commission are on the end positions of the ranking of public trust in national and international institutions, respectively, shows an INSCOP poll conducted between January 21 and February 5 at the commission of the Konrad Adenauer Foundation.According to a release issued on Thursday, the sociological survey found that the Army continues to be the most ...

Statistics: IN THE YEAR 2018, AS AGAINST THE PREVIOUS YEAR, GDP INCREASED BY 4.1%

Friday, February 15, 2019

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• Gross domestic product in Q4 2018 was, in real terms, by 0.7%1 higher, as compared to Q3 2018; • As against the same quarter of 2017, the Gross Domestic Product recorded an increase by 4.1% for unadjusted series and by 4.0% for seasonally adjusted series; • The seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of: - the revision of the GDP unadjusted series for 2016-2017 for ...

Eurostat: Romanian economy outpaced by far EU28 in Q4 2018

Friday, February 15, 2019

With 0.7 percent economic growth in Q4 2018 compared to the third quarter, Romania more than twice outpaced both the euro zone and the European Union, that registered 0.2 percent growth, shows a flash estimate released on Thursday by EU's statistical office Eurostat.The annualized growth rate of the Romanian economy October to December 2018 was 4 percent, more than twice the EU28 average of 1.4 percent and the 1.2 percent of the euro area.On Thursday, ...

Deloitte: 2 in 3 Romanian CFOs see high or very high level of fiscal uncertainty in 2019

Friday, February 15, 2019

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Fiscal regulations change became a serious source of concern for the Romanian top managers as 66 percent of the local CFOs see a a high or very high level of fiscal uncertainty, compared to only 35 percent for those in the Central Europe region, according to a survey conducted by Deloitte. “As for the Romanian CFOs, the survey shows they manifest a higher degree of pessimism compared to the other respondents, with 66 percent of them mentioning a ...

Bucharest considered Europe’s 6th largest IT hub, with more than 53,000 professional developers

Friday, February 15, 2019

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Bucharest is the 16th largest IT hub in Europe as it hosts around 53,700 professional developers, according to CEE The Resourceful Region report released by CESAwards quoted by http://business-review.eu. In the Central and Eastern European region, Bucharest is considered the 4th IT hub, after Warsaw, Budapest, and Vienna. “With over 800,000 developers, the region has as much tech talent as Germany or the UK, more ...

Eurostat: Romanians have the second-highest marriage rate in the EU

Friday, February 15, 2019

Romania has the second-highest marriage rate among the 28 European Union member states, after Lithuania, Eurostat data show. “In 2017, the EU countries with the highest number of marriages relative to the population were Lithuania (7.5 marriages per 1,000 inhabitants) and Romania (7.3). These were followed by Cyprus and Latvia (both 6.8) and Malta (6.3),” Eurostat says. In contrast, the lowest marriage rates were ...

Generation Z – the most interested in social involvement of the companies in solving the social issues of Romania

Friday, February 15, 2019

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The young people between 18 and 24 ( the generation Z) are the most interested in social involvement of the companies in the communities and the social issues in Romania and 96% of them know at least a company which got inv olved or which is actively involved in such campaigns, according to a study published on Wednesday.The research shows that, although the companies invest hundreds of thousands of euro in projects of CSR at national level, the projects of ...

Kovesi summoned by the Criminal Investigation Section in Judicial system for abuse of office, bribe taking, false testimony

Thursday, February 14, 2019

Former chief of the National Anticorruption Directorate (DNA) Laura Codruta Kovesi has announced for Europa FM private radio broadcaster that she has been summoned by the Criminal Investigation Section in the judicial system, romaniajournal.ro reports. The structure was set up after the law was amended by the PSD-ALDE ruling coalition, despite the GRECO recommendations. The prosecutor claims she is regarded as suspect in a case where the charges are ...

ForMin Melescanu : As regards CVM's cooperation component, information cannot be harvested from media only

Thursday, February 14, 2019

While the "verification" component of the Cooperation and Verification Mechanism (CVM) is well established, in the "cooperation" area, dialogue must take place between the European Commission and the (Romanian) authorities, and not through media information or other sources, Foreign Affairs Minister Teodor Melescanu told private TV broadcaster Antena 3 on Tuesday night."From where we stand, the main issue we have is the fact that if with regard to "Verification" ...

INSCOP' poll on "confidence in a political personality":Iohannis is at the top

Thursday, February 14, 2019

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President Klaus Iohannis is at the top of the political personalities confidence ranking, followed by Bucharest mayor Gabriela Firea and Pro Romania leader Victor Ponta, found an INSCOP poll conducted between January 21 and February 5 at the commission of the Konrad Adenauer Foundation."President Klaus Iohannis has a 39.5 pct share of high and very high confidence, up almost 5 percent compared to November 2018. Gabriela Firea is ranked second with 23.9 pct, down ...

Viorel Mocanu, new Government Agent for European Court of Human Rights

Thursday, February 14, 2019

Viorel Mocanu was appointed as Government Agent for the European Court of Human Rights within the Ministry of Foreign Affairs, with the rank of Director-General, by a decision of Prime Minister Viorica Dancila published on Tuesday in the Official Gazette.By another decision of the Prime Minister, Catrinel Brumar was released from office as the Government Agent for the European Court of Human Rights, with the rank of ...

Cristina Tarcea accuses political attacks against justice, refers to Liviu Dragnea’s interests

Thursday, February 14, 2019

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Cristina Tarcea, president of the High Court of Cassation and Justice (ICCJ-Romania’s Supreme Court) has denounced political attacks against the judiciary system. Cristina Tarcea has referred on Wednesday to the interests of the Chamber of Deputies speaker, Liviu Dragnea, during the sitting at the Supreme Court of Magistracy where she has come to address a judiciary procedure opened against her by the Judiciary Inspection. Tarcea said that the ...

The European Central Bank draws Teodorovici's attention in a letter that it has not been consulted on OUG 114

Thursday, February 14, 2019

The European Central Bank (ECB) accuses the Romanian government, in a letter sent on February 5 to the Minister of Finance, that it introduced the new tax on assets without consulting the ECB, breaking the EU rules on the subject, and without any impact assessment to study the effects of the decision on the banking sector, estimating possible impact on the stability of the local banking system. On December 28th, 2018, the Romanian Government adopted ...

Anghel (PwC): seven out of ten companies want the abrogation of ordnance 114 and half intends to inform the EC

Thursday, February 14, 2019

Seven out of ten companies want the abrogation of ordnance 114 and 52% intend to inform the European Commision as some measures are against the European legislation, stated on Wednesday Daniel Anghel,  the leader of the Deparrtment for fiscal consultancy with PwC Romania.‘Romania and the companies of Romania found out on 29 December, much before the approval of the budgets and the plans they had for 2019 that they have to pay some contributions and some ...

European Commission grants 517 M euros to Cohesion Fund for Metro Line 6

Thursday, February 14, 2019

European Commissioner for Regional Policy Corina Cretu on Wednesday approved the earmarking of 517 million euros for a major project "Building of Metro Line 6 (1 Mai-Tokyo)," included by the Romanian authorities in the Large Infrastructure Operational Programme (LIOP), reads a release of the European Executive.The European co-financing is meant for the building of a 6-km segment of the Bucharest subway infrastructure, part of the 14-km Metro Line 6 (to connect ...

IN JANUARY 2019, THE ANNUAL RATE OF PRICES WAS 3.3%

Thursday, February 14, 2019

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Consumer prices were up 0.8% in January 2019 compared to December 2018. The average consumer price rate based on the CPI over the last 12 months (February 2018-January 2019) as compared to the previous 12 months (February 2017-January 2018) is 4.5%. Consumer prices rose by 0.8pct in January 2019 compared to December last year, while annual inflation stood at 3.3pct, amid a ...

Current account deficit increases by 57pct last year, to 9.416bn euro

Thursday, February 14, 2019

The current account deficit increased by 57pct last year, reaching 9.416 billion euro, from 5.970 billion euro in January - December 2017, according to the data released by the National Bank of Romania (BNR) on Wednesday."Between January and December 2018, in the structure, the balance of goods recorded a deficit by 2628 million euro higher, the balance of services recorded a surplus by 102 million euro smaller, the balance of primary income recorded a deficit of ...

Foreign direct investment (FDI) up EUR 4.9 billion in 2018

Thursday, February 14, 2019

Direct investment of non-resident people in Romania were up EUR 4.936 billion in 2018, from EUR 4.797 billion in January-December 2017, according to data released by the Central bank (National Bank of Romania, BNR, ed. n.) on Wednesday.The equity participation (included the net estimated reinvested profit) parked at EUR 4.042 billion, while the intragroup credits recorded a net value worth EUR 894 million.According to data by the National trade ...

Statistics: Industrial production up 3.5pct in 2018

Thursday, February 14, 2019

Industrial production (as gross series) increased last year by 3.5 pct as compared to 2017, due to the advance in the manufacturing industry (+ 4.3 pct), according to data released on Wednesday by the National Institute of Statistics (INS).The mining industry declined by 0.2 pct. The production and supply of electric and thermal energy, gas, hot water and air conditioning remained at the same level as in the previous year.In December 2018, industrial ...

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