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Romania sells above target 514 mln lei (110 mln euro) of 2021 T-notes, yield falls

Friday, April 20, 2018

Romania on Thursday sold 514 million lei ($137 million/110 million euro) of Treasury notes maturing on October 27, 2021, above initial target, central bank data showed quoted by seenews.com. The average accepted yield fell to 3.56% from 3.88% achieved at the last auction of government securities of the same issue held in February, the data indicated. Demand for the T-notes, which carry an annual coupon of 4%, fell to 544 million ...

China-CEE Investment Cooperation Fund II eyes investments in Romania

Friday, April 20, 2018

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The China-CEE Investment Cooperation Fund II said on Thursday it has attracted an 800 million euro ($989 million) capital which it plans to invest in the region, including in Romania, seenews.com informs. The investment fund is considering to invest in Romania's agriculture, transport, energy and manufacturing sectors, it said in a press release. "We see extraordinary opportunities in Romania and across the region, where ...

GfK Study: Romanians’ income expectations and propensity to buy show further decline

Friday, April 20, 2018

In the first quarter of 2018 Romanian consumers continued to show a lack of optimism, according to GfK Consumer Climate Europe Study for the first quarter of 2018. Even if the indicators did not record such strong losses as in December 2017, Romanians’ income expectations and propensity to buy fell again. Only economic expectations showed a slight rise, improving by 2.7 points to -16.6 points „Income expectations of ...

Eurostat: Romania granted protection to 1,330 asylum seekers in 2017, mostly from Syria and Iraq

Friday, April 20, 2018

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Romania granted protection status to 1,330 asylum seekers in 2017, mainly to Syrian and Iraqi citizens, according to data released on Thursday by Eurostat, EU’s statistical branch, business-review.eu informs. Last year, 2,065 foreign citizens asked for protection in Romania, out of which 1,245 persons (60 percent of total asylum seekers) obtained protection status after first instance decisions and 85 after ...

The first Parliamentary Summit of the Bucharest Format (B9) started this Wednesday

Thursday, April 19, 2018

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The national legislatures of the countries making up the Bucharest Format (B9) have an essential role to play in the equitable sharing of burdens inside NATO, especially because of their specific part in approving budgets to support a more ambitious common defence and security approach, Romania's President Klaus Iohannis said on Wednesday in the opening speech at the first B9 parliamentary summit.He underscored that Romania's commitment to allocate 2 percent of ...

President of the French Senate, Gerard Larcher welcomed at the Cotroceni Palace

Thursday, April 19, 2018

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President Klaus Iohannis welcomed on Wednesday, at Cotroceni Presidential Palace, the President of the French Senate, Gerard Larcher, the discussions focusing on the security agenda, the strengthening of bilateral cooperation, including from a parliamentary perspective, the European agenda and international issues."As to the situation in Syria, the Senate's President Gerard Larcher thanked for the Romanian President's statement supporting the US, France and the ...

General Curtis M. Scaparrotti paid an official visit to Romania

Thursday, April 19, 2018

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 General Curtis M. Scaparrotii, the Supreme Allied Commander Europe (SACEUR) on Wednesday paid an official visit to Romania in reply to an invitation extended to him by the Chief of the General Staff, General Nicolae Ciuca, on which occasion the two officials discussed about the recent developments on the Southern and Eastern flanks of NATO in terms of security.Thus, the two officials approached topics related to the "developments of the security situation on ...

Judicial Inspection conducts the third disciplinary action against Kovesi

Thursday, April 19, 2018

 The Judicial Inspection (IJ) exercised a new disciplinary action, namely the third, against Laura Codruta Kovesi, Chief Prosecutor of the National Anticorruption Directorate (DNA), for violating the provisions of the Constitutional Court's decision by refusing to come to Parliament - the Special Investigation Committee, the IJ announced on Wednesday.According to a communiqué sent on Wednesday, the disciplinary action was exercised for acts that ...

Romania proposes judicial change that could help governing party leader

Thursday, April 19, 2018

* If that becomes law, it would help Liviu Dragnea reopen a court case, politico.eu informs. Proposed changes to Romanian judicial law could help governing party leader Liviu Dragnea reopen the court case that has stopped him becoming prime ...

President Iohannis announces that he will not promulgate the Referendum Law

Thursday, April 19, 2018

President Klaus Iohannis announced on Wednesday that he will not promulgate the Referendum Law, in the form it reached the Presidential Administration, pointing out that he intends to notify the Constitutional Court of Romania (CCR)."The Referendum Law, as it reached me, will not be promulgated. I have some dissatisfactions with this law and I will ask for the Constitutional Court opinion," Iohannis said at Parliament, after he participated in the opening session ...

Teodor Brates, former news editor of the TVR' public television, indicted in Revolution case

Thursday, April 19, 2018

 Teodor Brates, a former deputy editor-in-chief of the TVR' public television broadcaster's news desk on Wednesday got indicted by the Military Prosecutor's Office on charged of crimes against humanity, standing accused of being the main disseminator of false, diversionist news, contributing to a great extent to a terrorist psychosis taking root in the country in the December 1989 Revolution.According to a statement from the Attorney General's Office, the ...

DNA asks for approval to initiate criminal proceedings against ex-Minister Sebastian Vladescu

Thursday, April 19, 2018

The National Anti-corruption Directorate (DNA) has requested the Prosecutor's Office attached to the High Court of Cassation and Justice approval to launch criminal proceedings against Sebastian Vladescu, former Minister of Public Finance, reads a press release of the DNA.Thus, DNA chief-prosecutor Laura Codruta Kovesi submitted the case summary to the general prosecutor of the Prosecutor's Office attached to the High Court of Cassation and Justice, for the latter ...

Euro trades at 4.6530 lei on Wednesday

Thursday, April 19, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Wednesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.65301 US dollar USD 3.76201 Swiss franc CHF 3.88541 British pound GBP 5.3397100 Japanese yen JPY 3.5072 1 Moldovan leu MDL 0.22921 Russian rouble RUB 0.06101 new Turkish lira TRY 0.91771 Chinese renminbi ...

CFA Romania: Dismantling Private Pension System Would Damage Capital Market

Thursday, April 19, 2018

The allocation to the state budget of the future contributions to Pillar II for pensions would have a catastrophic effect for the capital market, according to a CFA  Romania press release.In the accounts of the compulsory private pensions fund of Romania, 7 in number ,there are over 9 billion euro. Over 60% of the sums finance the budgetary deficit or the public debt as they are invested in bonds issued by the Romanian state and 20% of the sums insure the ...

Eurostat: Romania remained in March the EU member state with the highest inflation rate

Thursday, April 19, 2018

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Romania maintained in March its position as the country with the highest annual inflation rate among the European Union member states, of 4 percent measured by Harmonised Indices of Consumer Prices (HICP), Eurostat data showed on Wednesday. Euro area annual inflation rate was 1.3% in March 2018, up from 1.1% in February. A year earlier, the rate was 1.5%. European Union annual inflation was 1.5% in March 2018, up from 1.4% in February. A year earlier ...

In  2017,  the  employment  rate  for  working  age  population  (15-64  years)  was  63.9% compared to the previous year

Thursday, April 19, 2018

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In 2017, the employment rate  for population aged 20-64 years was 68.8%, at a distance of 1.2 percentage  points  of  the  national  target  of  70%  established  in the  context  of  the  Strategy Europe 2020. In  2017,  the  economically  ...

Switzerland prolongs immigration limits for Bulgarians and Romanians

Thursday, April 19, 2018

The Federal Council decided on Wednesday to prolong the so-called safeguard clause built into the freedom of movement agreement with Bulgaria and Romania, limiting the number of workers that can immigrate over the next year to under 1,000, swissinfo.ch informs. Between June 1, 2018 and May 31, 2019, a total of 996 work permits can be issued to Bulgarian and Romanian immigrants, the government said. The decision repeats ...

Organizers of tIMOn real estate: Bucharest municipality canceleted this event

Thursday, April 19, 2018

The organizers of the tIMOn real estate fair, one of the biggest in Bucharest, announced the event will be canceled because the Bucharest City Hall was late in issuing the necessary approvals, romania-insider.com informs. The fair was supposed to take place in Bucharest’s George Enescu Square between April 19 and April 22. The event was promoted starting February, but the ...

UAE Foreign Minister, Sultan Bin Ahmad Sultan Al Jaber, welcomed at the Cotroceni Palace

Wednesday, April 18, 2018

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President Klaus Iohannis welcomed on Tuesday the United Arab Emirates (UAE) Foreign Minister, Sultan Bin Ahmad Sultan Al Jaber, on which occasion the head of state underscored he greatly appreciates the positive dynamic of the relations between Romania and UAE, which are very good at the political level.According to a press release of the Presidential Administration, Iohannis welcomed the carrying out of the Joint Co-operation Committee's first meeting, a concrete ...

United Arab Emirates Business Forum organized în Bucharest

Wednesday, April 18, 2018

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Romanian Foreign Affairs Minister Teodor Melescanu and his counterpart from the United Arab Emirates (UAE), Sultan Al Jaber signed on Tuesday in Bucharest, the memorandum of understanding regarding the setting up of a cooperation committee between the two countries, a body that will regularly meet every two years."Throughout time, the relations between Romania and the United Arab Emirates have formed a strong and mutually beneficial partnership and the ...

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