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The new Parliament - convened on December 20

Thursday, December 12, 2024

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President Klaus Iohannis signed on Wednesday the decree convening the new Parliament of Romania, the Presidential Administration informs. Romania's newly elected Parliament will convene on December 20 at 14:00. Romanians elected their representatives to the new legislature on December 1.    According to the Constitution, after the final results of the 2024 parliamentary elections are announced, the newly elected ...

Supreme Court dismisses AUR's challenge against Constitutional Court's decision to annul presidential elections

Thursday, December 12, 2024

The High Court of Cassation and Justice (ICCJ) on Wednesday rejected the appeal filed by the Alliance for the Union of Romanians (AUR) against the Constitutional Court's decision on the annulment of the entire electoral process of the presidential elections.The reason for the rejection of AUR leader George Simion's appeal is that the courts do not have the power to annul a Constitutional Court decision."Admits the exception of the general lack of jurisdiction of ...

DefMin Tilvar: Romania - a responsible ally of the U.S. in strengthening regional security at Black Sea

Thursday, December 12, 2024

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Romania remains a responsible ally of the U.S. and a loyal partner in the process of strengthening regional security in the Black Sea area, National Defence Minister Angel Tilvar said on Tuesday, during his visit to the 99th Military Base in Deveselu alongside U.S. Ambassador to Romania Kathleen Kavalec."We will continue to act to maintain this region as a point of maximum importance on NATO's agenda," he added.The 99th Military Base in Deveselu hosts the U.S. ...

Romania - Republic of Moldova Joint Cooperation Programme 2014-2020 concludes with 84 projects funded

Thursday, December 12, 2024

 Over 80 projects, with a total value of 99.67 million euro, of which 73 million euro were non-reimbursable funds, have been financed through the Romania - Republic of Moldova Joint Cooperation Programme 2014-2020, the Ministry of Development, Public Works and Administration (MDLPA) announced on Wednesday.According to the quoted source, on Tuesday, the Joint Monitoring Committee meeting regarding the closure of the Romania - Republic of Moldova Joint Cooperation ...

Ukraine approves agreement with Romania on construction of bridge over Tysa

Thursday, December 12, 2024

The Cabinet of Ministers approved an agreement with Romania on the construction of a road bridge over the Tysa River at the future checkpoint Bila Tserkva - Sighetu Marmatiei in the Zakarpattia Region on the Ukrainian-Romanian state border, https://ukranews.com/ ...

Fiscal adjustment period of seven years for five states, including Romania 

Thursday, December 12, 2024

 Romania is among the five member states for which a fiscal adjustment period of seven years instead of four has been accepted, announced on Tuesday the Minister of Finance, Marcel Bolos, who is at the meeting of the Business Council Economic and Financial Affairs of the EU in Brussels."Today, Romania was at the core of the discussions in Brussels, where important decisions were made for the economic future of the European Union. Here's what you need to know: One of ...

BNR's Report: Uncertainties at global level, deterioration of internal macroeconomic balances - main risks to financial stability

Thursday, December 12, 2024

Uncertainties at the global level in the context of the multitude of geopolitical events and the deterioration of internal macroeconomic balances are the two most important systemic risks, classified as severe, to financial stability, according to the Financial Stability Report of the National Bank of Romania (BNR)."The main risks to financial stability in Romania remained at high levels, relatively similar compared to the previous Report and to the risk assessments at the ...

Non-performing loans up to 2.54pct in end-September, according to central bank

Thursday, December 12, 2024

 The non-performing loan rate went up to 2.54% at the end of September 2024 from the 2.49% recorded in June.In September 2023, the non-performing loan rate was 2.61%, according to data centralized by the National Bank of Romania (BNR).At the end of the third quarter of this year, there were 32 credit institutions in Romania, of which eight were branches of foreign banks. Total assets amounted to 843.2 billion RON, 8.6 billion RON higher compared to June ...

Annual inflation rate rises to 5.11% in November 2024

Thursday, December 12, 2024

The annual inflation rate rose to 5.11% in November 2024, up from 4.67% in October, as food prices increased by 5.11%, non-food goods prices by 5.15%, and services prices by 7.56%, according to data National Institute of Statistics (INS) published on Wednesday."The consumer price index in November 2024 compared to October 2024 was 100.41%. The inflation rate from the beginning of the year (November 2024 compared to December 2023) was 4.8%. The annual inflation rate in ...

Net investments in the Romanian economy up 2.6pct January through September

Thursday, December 12, 2024

Net investments in the national economy accounted for 130.953 billion RON in the first nine months of this year, up 2.6% compared to the first nine months of 2023, according to provisional data released on Wednesday by the National Institute of Statistics (INS).Thus, in the third quarter of 2024, net investments amounted to 51.781 billion RON, up 0.4% compared to the same period last year. Decreases were recorded in the structural elements: equipment (including means of ...

AHK Romania: Promoting innovation must be one of the new governmental program's priorities

Thursday, December 12, 2024

Promoting innovation must be one of the priorities of the new governmental program, argue the members of the Romanian-German Chamber of Commerce and Industry (AHK Romania), in a release sent on Wednesday.According to the cited source, AHK Romania has initiated a dialogue between the business and academic milieus in order to expand the partnership between German companies and Romanian universities in the field of research, innovation and continuous training. The meeting ...

Number of dwelling units put into use in Romania down January through September

Thursday, December 12, 2024

The number of dwelling units put into use in Romania, in the first nine months of this year, was 42,312, down by 7,681 dwelling units, compared to the same period in 2023, according to provisional data published on Wednesday by the National Institute of Statistics (INS).Overall, between January 1 and September 30, 2024, depending on the areas of residence, most housing units were put into use in urban areas, with a share of 56.6% of the total.At the same time, ...

The cyber attack on Electrica belonged to the Lynx Ransomware group; experts recommend using the Yara scan script

Thursday, December 12, 2024

  The cyberattack of Monday on the critical systems of the Electrica Group was made by the group of cybercrime Lyns Ransomware informs the National Directorate for Cyber Security (DNSC) in a press release sent on Wednesday."DNSC advises all entities, especially those in the energy sector, whether or not they have been affected by the ransomware attack, backed by the Lynx Ransomware cybercrime group, to scan their own ...

EU official: JHA Council to vote on Thursday on Romania's accession to Schengen with land borders on January 1

Wednesday, December 11, 2024

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The Justice and Home Affairs Council (JHA) will vote on Thursday on lifting controls on people at the internal borders with Romania and Bulgaria and between them from January 1, 2025, an EU official confirmed on Tuesday.Currently, on the agenda of the JHA Council dated December 9, there is the item "Decision of the Council establishing the date for the elimination of controls on people at the internal land borders with Bulgaria and Romania and between them", ...

IntMin Predoiu holds videoconference with Hungarian counterpart ahead of JHA Council meeting

Wednesday, December 11, 2024

The minister of interior, Catalin Predoiu, on Monday had a discussion, via videoconference, with his Hungarian counterpart, Sandor Pinter, in preparation for the meeting of the Justice and Internal Affairs Council on December 12."The Romanian dignitary briefly presented the measures being implemented by the Romanian authorities, in preparation for the second stage - accession to the Schengen area with land borders", informs a press release from the Ministry ...

Pro-European parties announce common governance programme, support for possible common candidate for president

Wednesday, December 11, 2024

The pro-European parties - Social Democratic Party (PSD), National Liberal Party (PNL), Save Romania Union (USR), Hungarian Democratic Union of Romania (UDMR), and the Parliamentary Group of National Minorities - announced on Tuesday evening, at the end of the first round of political consultations, their commitment to a common governance programme and the support for a possible common candidate for the presidential elections."Today, the pro-European ...

ParliamentaryElection2024/ AEP: 465 MPs in new Parliament, 364 men and 101 women

Wednesday, December 11, 2024

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  The Permanent Electoral Authority (AEP) presented on Tuesday statistical data on the composition of the new Parliament by gender and age groups, showing that in the next legislature, out of the total of 465 MPs, 364 are men and 101 are women.Moreover, 29 MPs are up to the age of 34, and 33 MPs are over 65, with most of them falling in the age group between 45 and 64.According to a press release issued by AEP, the situation of ...

Horatiu Potra, placed under judicial control; the decision is not final

Wednesday, December 11, 2024

Horatiu Potra, former French Legion fighter and leader of Romanian mercenaries fighting in Congo, who is providing security for presidential candidate Calin Georgescu and his close associates, has been placed under judicial control, the judges in Ploietti decided, rejecting the prosecutors’ request for preventive arrest. The magistrates’ decision comes after authorities carried out new searches at his home in Mediat, where they found two million euros ...

In the midst of the security crisis, the head of SIE flew on a private plane to watch a Formula 1 race in Baku, Abu Dhabi

Wednesday, December 11, 2024

The head of the Foreign Intelligence Service (SIE), Gabriel Vlase, accompanied by his deputy and two other people flew in a private plane to Azerbaijan in September to watch the Formula 1 Grand Prix in Baku, according ...

Trade deficit up 17.2pct January through October this year

Wednesday, December 11, 2024

  The trade balance deficit (FOB/CIF) accounted for 27.211 billion euros in January-October this year, in Romania, higher by 3.993 billion euros (+17.2%) compared to the figure for the same interval last year, according to data published on Tuesday by the National Institute of Statistics (INS).During the mentioned period, FOB exports amounted to 77.731 billion euros, down by 1.2%, and CIF imports amounted to 104.943 billion euros, up by 3%, ...

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