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Eurostat: Inflation in Romania is highest in Europe for seven months in a row
Friday, October 18, 2024
EU annual inflation rate dropped in September to 2.1% from 2.4% in August, but Romania is the country with the highest inflation rate in EU for the seventh month in a row and an annual price growth of 4.8%, according to data released by Eurostat on Thursday. In September, EU member states with the lowest annual inflation rate were Ireland (0%), Lithuania (0.4%), Slovenia and Italy (borht with 0.7%). At the opposite pole the EU member states with the ...
Romania signs consultancy agreement with IBRD to strengthen ministerial administrative capacity
Friday, October 18, 2024
Romania's Minister of European Investment and Projects Adrian Caciu on Thursday signed a consultancy agreement with the International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, for the strengthening of the ministry's administrative capacity for the preparation and implementation of the Cohesion Policy 2021-2027."Through this agreement, we make sure that the ministry has the necessary resources to efficiently coordinate investments on ...
EconMin Oprea: Romaero - Aeroplex partnership means technology transfer, stable jobs
Friday, October 18, 2024
The partnership between Romania's airspace company Romaero SA and Budapest-based Aeroplex Central Europe Ltd. primarily means technology, but also stable jobs in Romania, Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea said on Thursday, after attending the launch of the two companies' cooperation project, together with his Hungarian counterpart Marton Nagy."Concretely this partnership means that we will get technology transfers, it means that we will ...
PM Ciolacu: Gov't support to automotive industry, vital, as it plays crucial role in Romania's exports
Friday, October 18, 2024
It is vital for the Government to support the automotive industry, which contributes significantly to our country's GDP and plays a crucial role in Romania's exports, Prime Minister Marcel Ciolacu told the Sustainable and Accessible Mobility Forum on Thursday, an event organised by the Association of Automobile Manufacturers and Importers of Romania."Over the years, the Romanian automotive industry has demonstrated an extraordinary capacity for adaptation and innovation. ...
AmCham Romania: Costs of school dropout over past 11 years at roughly 5.23 pct of Romania's GDP
Friday, October 18, 2024
The costs of school dropout over the past 11 years amount to around EUR 15.7 billion, about 5.23% of Romania's annual GDP, shows the Report on the Economic Impact of School Dropout, conducted for AmCham by the University of Bucharest.The report is one of the first attempts to measure in economic terms "a worrying social phenomenon", with the aim of bringing clarity about the costs at the individual and societal level, and to support the adoption of public policies and ...
Romania resumes sheep export to Kingdom of Morocco
Friday, October 18, 2024
National Sanitary Veterinary and Food Safety Authority (ANSVSA) head Alexandru Bociu initialed the sanitary and veterinary certificates necessary to start exporting sheep, cattle and goat carcasses, as well as honey, milk and dairy products to the Kingdom of Morocco, the institution announced in a press release."Yesterday, October 16, 2024, during the working visit to the Kingdom of Morocco, the delegation of the National Sanitary Veterinary and Food Safety Authority ...
National Theatre Festival #34 starts Friday in Bucharest
Friday, October 18, 2024
The 34th edition of the National Theatre Festival, constructed under the umbrella of 'Dramaturgies of the possible', will take place from October 18 to October 28."The performances that will be presented this year in Bucharest are not a "showcase" of Romanian theatre in the 2023-2024 season, but rather represent options resulting from curatorial criteria. Beyond the choice of performances, we were concerned to propose an extended curatorial concept, focused on 'Dramaturgies ...
Palestinian state minister, in Romania: War must end; Palestinians need future that gives hope
Thursday, October 17, 2024
The Palestinians who went through despair and agony in the last year need a future in which they have something to hope for, and not to look back at what happened after the start of the war between Israel and Hamas and to think about things that prolong the endless cycle of violence in the region, pleaded on Wednesday, in Bucharest, the Minister of State for Foreign Affairs and Expatriates within the Palestinian National Authority, Varsen Ohannes Vartan Aghabekian.The ...
President Iohannis to first EU-Gulf Cooperation Council Summit
Thursday, October 17, 2024
President Klaus Iohannis attended the EU-Gulf Cooperation Council (GCC) Summit, on Wednesday, during which he emphasized that Romania is interested in better connectivity between the two regions."President of Romania, Klaus Iohannis emphasized the importance of the EU-Gulf Cooperation Council strategic partnership at present, as well as the potential of multi-sectoral economic cooperation. He called for updating and extending the contractual framework in the field of trade ...
At EU-Gulf Cooperation Council meeting, ForMin Odobescu reiterates Romania's readiness for joint initiatives
Thursday, October 17, 2024
Romania's Foreign Minister Luminita Odobescu has attended in Brussels a ministerial summit meeting of the EU-Gulf Cooperation Council (GCC), where she welcomed the opportunity to promote the current relationship between the two regions to strategic partnership, saying that Romania is willing to continue to be dynamically and constructively involved in advancing joint initiatives.The summiteers highlighted the historical importance of the meeting in a bi-regional format from ...
Hungary to host nuclear-capable fighter jets as part of efforts to strengthen NATO’s eastern flank
Thursday, October 17, 2024
The United States will expand an air base in Hungary to host nuclear-capable fighter jets as part of efforts to strengthen NATO’s eastern flank. Contracts signed by the American government indicate plans to modernize the Kecskemét Air Base, located southeast of Budapest, according to a report cited ...
Unirii Square returned to the Capital City Hall's heritage after the scandal of the fences installed by the mayor of sector 4
Thursday, October 17, 2024
Bucharest Mayor, Nicusor Dan , announced, on Wednesday, that the four functional books attesting that the Capital City Hall is the owner and administrator of the entire above-ground area in Piata Unirii, including the park and floor, were rectified at the Cadastre /Land Register and Real Estate Advertising Office. He added that there were documents that led to the false registration at OCPI and he will report it to the relevant investigative ...
PM Marcel Ciolacu: We have reached agreement with European Commission on fiscal plan to reduce deficit
Thursday, October 17, 2024
The Government "has reached an agreement" with the European Commission on the fiscal plan to reduce the deficit, Prime Minister Marcel Ciolacu said on Wednesday, stressing that it is essential that the EC experts agreed that Romania needs the required period of 7 years to carry out major investment projects in the economy."We have reached an agreement with the European Commission on the fiscal plan. It is essential that the Commission experts agreed that Romania needs a ...
Corporate governance overhaul - a must, EU investment minister says following EC's assessment of Romania's RRF milestones
Thursday, October 17, 2024
Romania's corporate governance must definitely be overhauled, Minister of European Investments and Projects Adrian Caciu said on Wednesday, mentioning that the procedure for appointments to the top management of state-owned companies, which the European Commission found to be incorrect, will be resumed so that the issue of the suspension of the National Recovery and Resilience Plan (PNRR) disbursements is sorted out in the shortest time possible."Romania's corporate ...
The authorities propose to reduce the deficit by 0.74% of GDP per year; by 2031, the deficit would fall to 2.4% of GDP
Thursday, October 17, 2024
The Bucharest authorities aim to reduce the budget deficit by 0.74% of GDP per year so that by 2031, the negative balance will fall to 2.4% of GDP, government sources said. This is included in the Fiscal Plan which should be lodged in Brussels until 25th October.‘The consolidation of the sustainability of the public finances for the period 2025 to 2031 will be made by ...
Gold prices hit an all-time high of 393.9593 lei/gram on Wednesday; the leu depreciated against major currencies
Thursday, October 17, 2024
The gold gram went up in price on Wednesday by 4.7284 lei (1.21%) getting to a quotation of 393.9593 lei from 389.2309 lei as they announced on Tuesday the National Bank of Romania (BNR), having a new record value.The national currency depreciated on Wednesday by comparison to the euro which was calculated by the BNR at 4.9758 lei up by 0.03 bani (0.01%) against the previous quotation, of 4.9755 lei.The leu lost ground against the ...
Minimum wage to reach RON 4,050 in January 2025
Thursday, October 17, 2024
From January 1, 2025, the minimum wage in Romania will be RON 4,050, while a RON 300 tax exemption in the minimum wage will stay in place, Prime Minister Marcel Ciolacu announced at the end of a meeting of the National Tripartite Committee, held on Wednesday at the Government House."We established today, in the National Tripartite Committee that, from January 1, 2025, the minimum wage will be RON 4,050. We are thus entering the path of the European minimum wage! We respect ...
Romania to pay contribution of 101,400 dollars to UN Fund, from 2025 - draft law approved by Gov't
Thursday, October 17, 2024
The Government approved on Wednesday a draft law that provides for the payment of Romania's annual financial contribution to the United Nations Fund, in the amount of 101,400 dollars, starting in 2025.Through this draft law, which will enter the debate of the Parliament, the Government proposes the payment of the annual financial contribution, estimated at 101,400 dollars, to the United Nations Fund for the consolidation of peace, starting from the year 2025, a Government's ...
Number of new jobs drops to 230,000 in Romania in Jan-Sep
Thursday, October 17, 2024
More than 230,000 new jobs were posted in the first 9 months of the year, down by approximately 15% compared to the same period last year, and half of them came from employers in Bucharest and Ilfov, according to an online recruitment platform.More than 110,000 opportunities for candidates were available for the Capital alone, eJobs.ro shows.Cluj is the county with the second largest range of jobs, but at a significant distance from Bucharest, given that ...
Companies ranked in top 10 positions in 2024 National Ranking of Companies provide 1.34 million jobs
Thursday, October 17, 2024
The 12,897 companies ranked in the top 10 positions in the 2024 National Ranking of Companies provide 1.34 million jobs, the Romania's Chamber of Commerce and Industry (CCIR) announced on Wednesday."According to the statistical data, which were the basis for the 2024 National Ranking of Companies, the 12,897 companies ranked in the top 10 positions offer 1,342,380 jobs. Broken down by economic sectors, the data show that industry offers the most jobs (543,457), followed by ...