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Current account deficit up 38.5 pct January through April in 2018

Friday, June 14, 2019

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The balance-of-payments current account posted a deficit of 2,306 million euros, in the first four months of 2019, up 38.5 per cent, compared with the same period of 2018, when there were recorded 1,665 million euros, reads a release of the National Bank of Romania (BNR) sent on Thursday.The deficit on trade in goods widened by 1,273 million euros, the surplus on services income decreased by 34 million euros, the deficit of the primary income balance decreased by ...

Brand Finance: Top 50 Romanian brands create value four times faster than the overall Romanian economy

Friday, June 14, 2019

The aggregate value of the top 50 Romanian brands has increased 17% to EUR 5 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The rise is much higher than the 4.1% annual growth of the Romanian economy in 2018, and another confirmation that strong brands tend to outperform the rest of the economy, Brand Finance informs in a report. “Top brands continue to enjoy ...

Wholesale, retail turnover, maintenance and repair of vehicles and motorcycles up 5.7pct, Jan.-April 2019

Friday, June 14, 2019

Compared to the previous month, in April 2019 the turnover volume of the trade with motor vehicles and motorcycles decreased as gross series by 0.5% and increased as adjusted series according to the number of working days and to seasonality by 2.9%. The turnover volume of the market services provided to the population, compared to the previous month, decreased both as gross series by 1.9% and as adjusted series according to the number of working days and to ...

Romania reports 5.18 million retirees in Q1 2019

Friday, June 14, 2019

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In the first quarter of 2019: the average number of pensioners was 5180 thousands persons, descreasing with 17 thousands persons as against of the previous quarter; average number of state social insurance pensioners was 4688 thousands persons, descreasing with 8 thousands persons as against of the previous quarter; the average monthly pension (is determined based ...

Industrial output up 0.8pct in first four months of 2019

Friday, June 14, 2019

In April 2019, industrial production decreased by 9.5% as gross series compared to the previous month and was up 1.1% as series adjusted by number of working days and seasonality. Compared to the same month of the previous year, industrial production rose by 1.4% as gross series and was up 0.4% as series adjusted by number of working days and seasonality. In the ...

Eurostat: April 2019 compared with March 2019: Industrial production down by 0.7% in EU28

Friday, June 14, 2019

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In April 2019 compared with March 2019, seasonally adjusted industrial production fell by 0.5% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2019, industrial production fell by 0.4% in the euro area and by 0.2% in the EU28. In April 2019 compared with April 2018, industrial production decreased by 0.4% in the euro area and by 0.1% in the ...

President Iohannis writes EU leaders a letter on situation in Republic of Moldova

Thursday, June 13, 2019

President Klaus Iohannis this Wednesday sent President of the European Council Donald Tusk and European Commission President Jean-Claude Juncker a letter regarding the situation in the Republic of Moldova, the Presidential Administration announced.As a European Union member state, having a special relationship with the Republic of Moldova, based on the Strategic Partnership for the European Integration of the Republic of Moldova, and sharing a common language, ...

Council of Europe: Statement of the Secretary General on the situation in Moldova and the Venice Commission

Thursday, June 13, 2019

The Secretary General of the Council of Europe, Thorbjørn Jagland, has made the following statement with regard to the situation în Moldova: „ I am extremely concerned by the latest developments in Moldova. I call on the democratically elected Parliament, the legitimate Government and all political forces to act with restraint and responsibility. Recent decisions of the Constitutional Court are difficult to understand and seem to be ...

Ambassador Kuzmin: Russia is interested in Moldova being stable

Thursday, June 13, 2019

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Russian Ambassador in Bucharest Valery Kuzmin said Wednesday that his country agrees and supports the formation of a ruling coalition in Moldova, pointing out that Russia's interest is in the Republic of Moldova being a stable country."Our official position is very clear, is that of the Foreign Ministry on June 10. It is in full compliance with our long-term strategic concept that we defend (...) In this particular case - we have frequently and consistently talked ...

NATO, EU officials to attend 'Black Sea and Balkans Security Forum' international conference in Mamaia

Thursday, June 13, 2019

NATO and EU officials, along with representatives of organisations dealing with foreign affairs and national security, and academics will be participating in a three-day "Black Sea and Balkans Security Forum" international conference that is starting in the Black Sea resort of Mamaia this after-noon.According to a press statement released by the Constanta City Hall, the regional security forum brings to Romania officials with extensive professional backgrounds to ...

 Bilateral judicial cooperation agreement between Romania and Bulgaria

Thursday, June 13, 2019

 The Directorate for Investigating Organized Crime and Terrorism (DIICOT) and the General Prosecutor's Office of the Republic of Bulgaria on Wednesday signed a bilateral judicial cooperation agreement aimed at direct co-operation between the signatory authorities for a joint and effective fight against organized crime and terrorism.Attending the signing of the agreement were the DIICOT chief, Felix Banila, the Prosecutor General of the Prosecutor's Office ...

National Political Pact on Consolidating Romania's European Course to be signed at Cotroceni Palace

Thursday, June 13, 2019

A public ceremony for the signing of the National Political Pact on Consolidating Romania's European Course will take place on Thursday at the Cotroceni Presidential Palace, the Presidential Administration announced on Wednesday.Attending the ceremony will be national chairman of the National Liberal Party (PNL) Ludovic Orban; national chairman of the Save Romania Union (USR) Dan Barna; PRO Romania Chairman Victor Ponta, and national leader of the People's ...

USR-PLUS Alliance, ready to assume rule with Parliament backing, yet early elections needed

Thursday, June 13, 2019

USR-PLUS Alliance [formed by USR - Save Romania Union, PLUS - Freedom, Unity and Solidarity Party - opposition] is ready to assume the rule, but for this it needs the certainty that it can have support in Parliament, opting for early elections, former premier Dacian Ciolos, PLUS leader told RFI on Wednesday."Many, including the PSD [the Social Democratic Party, major at rule, ed.n.], understand that they have played a losing ticket, especially now that they have ...

How many votes from PSD-ALDE are needed for the government to fall

Thursday, June 13, 2019

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For the censure motion of the opposition to pass there are 233 votes needed. National Liberal Party (PNL) , Save Romania Union (USR), People's Movement Party (PMP), Pro Romania and Hungarian Democratic Union of Romania (UDMR) announced they will support the measures but the leader of the liberal deputies Raluca Turcan announced on Wednesday that the motion does not have the necessary votes. The parliament  has a number of 465 deputies and senators ...

MApN proposes a dialogue with Budapest on the issue of military cementaries

Thursday, June 13, 2019

The situation of the military cemeteries in Romania and Hungary, especially the cemetery in Valea Uzului, could be discussed in a meeting which the officials of the Ministry of National Defence (MApN) could have with their counterparts in Budapest.According to a press release of the MApN, the meeting is proposed by the Romanian party, the discussions to be led through the National Office for Heroes Cult (ONCE) and the Institute and Military History Museum of ...

Romania closed almost 100 files during presidency of Council of EU

Thursday, June 13, 2019

President Klaus Iohannis on Wednesday specified that Romania closed almost 100 files while holding the presidency of the Council of EU, pointing out that this is thanks to the technical teams."Romania managed to close almost 100 files, which is maybe double compared with what others achieved before us, even more than double. Romania succeed, besides this, to hold a summit in Sibiu that laid the strategic ground for the future mandate of the European institutions ...

Working group at Presidential Administration focusing vote in the diaspora - established

Thursday, June 13, 2019

 President Klaus Iohannis on Wednesday has announced the establishment of the working group to come up with proposals to improve the organisational and legislative framework for the vote in the diaspora and that this week a document on this topic will already be drafted, to be then sent to the relevant authorities."I immediately announced after the elections that I would establish a working group at the Presidential Administration to come up with proposal to ...

President Iohannis urges gov't to take steps to consolidate public finance, collect revenues

Thursday, June 13, 2019

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President Klaus Iohannis on Wednesday urged the government to take measures for rapid consolidation of public finance and collection of the government revenues, arguing that vulnerabilities are widening."You may remember me having resubmitted the budget for re-examination to Parliament. Meanwhile, vulnerabilities are getting worse - see the budgetary situation at the level of the public administration ... I am calling on the Government to take measures to speed up ...

În May, inflation rate flat at 4.1 pct on higher food prices

Thursday, June 13, 2019

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Consumer prices were up 4.1% in May 2019 compared to May 2018. The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 4.4%. The average consumer price rate based on the CPI over the last 12 months (June 2018-May 2019) as compared to the previous 12 months (June 2017-May 2018) is 4.2%. The average rate based on the HICP is ...

Industry turnover up 7.4 pct in January-April 2019

Thursday, June 13, 2019

In April 2019, the industry turnover per total (domestic and non-domestic market), in nominal terms, decreased compared to the previous month by 4.7% and increased compared to the corresponding month of the previous year by 9.7%. In the priod 1.I-30.IV.2019, compared to the period 1.I-30.IV.2018, the industry turnover (domestic and non-domestic market), in nominal terms, increased by ...

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