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AmCham : Romania needs investments with long-term impact

Wednesday, May 23, 2018

Romania had an investment rate quite high compared to other EU countries during 2001-2016 period, but the investment effects have not been seen, Anda Todor, AmCham Romania President stated in a press conference on Tuesday, romaniajournal.ro informs. On this occasion, the American Chamber of Commerce in Romania (AmCham Romania) emphasizes the need for a coherent, long-term investment plan, built on sustainable basis and visionary policies, in order to ...

Ford confirms investing up to 200 million EUROS to manufacture a second vehicle at its Craiova Assembly Plant

Wednesday, May 23, 2018

 Ford confirms manufacture of second vehicle at its Craiova Assembly Plant in Romania; its new model is in addition to current Ford EcoSport small SUV and 1.0-litre EcoBoost engine, adding an additional 1,500 jobs, and bringing workforce at Craiova to 5,900. "Ford confirmed today it is investing up to 200 million EUROS and adding an additional 1,500 jobs to manufacture a second vehicle at its Craiova Assembly Plant, in Romania. The new vehicle is in ...

Romania buys rights from Israel to produce Iron Dome

Wednesday, May 23, 2018

In a deal worth hundreds of millions of dollars, Israel’s Rafael Advanced Defense Systems will provide the Romanian Romaero company with licensing and training to produce its own air-defense systems, clevelandjewishnews.com informs. Israel’s famous Iron Dome system, in addition to the “Samson” remote-controlled weapons positions, and the “Gil” or “Spike” tactical missiles, will be part of the deal to ...

Deloitte: Romania to count less on the low taxation advantage in order to attract investments

Wednesday, May 23, 2018

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The fiscal competition is growing. Eight EU member states have cut their corporate tax rates in order to become more attractive from a tax perspective since 20017, a Deloitte Romania analysis based on Deloitte Global data has revealed, romaniajournal.ro reads. Even in the new context, the Romanian corporate tax rate remains among the lowest in the EU, ranking on the sixth position. However, Romania’s neighbors such as Hungary and Bulgaria have significantly lower rates, ...

China, Romania to boost cooperation through B&R Initiative

Wednesday, May 23, 2018

China is willing to boost cooperation with Romania under the frameworks of the Belt and Road Initiative and "16+1" mechanism between China and Central and Eastern European (CEE) countries, a senior Chinese legislator said on Tuesday, xinhuanet.com informs. Cao, vice chairperson of the Standing Committee of China's National People's Congress, made the remarks during his meeting with Liviu Dragnea, the speaker of Romania's ...

Iohannis: I summon governing people to clarify once and for all their intention on Pillar II

Tuesday, May 22, 2018

President Klaus Iohannis said on Monday that he is summoning the governing people to clarify once and for all what their intention regarding pension pillar II is, given the "ping-pong of statements" made on this subject."I have noticed, I admit, with much concern what is going on and not only now. (...) I believe that right before the oath-taking of I don't know which PSD [Social Democratic Party, ed.n.] government, I think Tudose Government, at the hearings in ...

PD's Dragnea: payments to pillar II may be suspended or not for some time

Tuesday, May 22, 2018

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National leader of the Social Democratic Party (PSD) Liviu Dragnea said on Monday that depending on the analysis of the financial data to be made to the Government related to the pension funds, it will be decided whether or not payments to pension pillar II should be suspended for a period."When that analysis is over, and if such decision is reached, which is an intent in the government programme, a period of option will be created for every citizen to pay into ...

Pillar II retirement account savings trimmed 12.9 pct for 7 ml contributors because of calendar non-observance

Tuesday, May 22, 2018

Seven million Romanian contributors have 12.9 percent less in their retirement saving accounts because of the non-observance of the Pillar II contributions increase calendar, which resulted in the loss of both the money promised under law and of the money multiplication effect, argue Romanian Business Leaders (RBL) representatives."Today, 7 million Romanian employees have 12.9 percent less money in their pension saving accounts because the non-observance of the ...

Dragnea about the criminal complaint presented by Orban against Viorica Dancila: we could speak about institutional anti-Semitism

Tuesday, May 22, 2018

The PSD (social-democrat) chairman Liviu Dragnea stated on Monday that the criminal complaint presented by Ludovic Orban against Viorica Dancial was designed at Cotroceni and besides other stupid things which are contained we could speak about institutional anti-Semitism as the state of Israel is considered as a foreign power with whom we are in conflict. ‘The topic of the last days, the criminal complaint presented by Ludovic Orban. The idea is ...

Iohannis refuses to comment about the complaint of Ludovic Orban at the address of premier Dancila

Tuesday, May 22, 2018

President Klaus Iohannis stated on Monday that he will not comment on the criminal complaint made by the PNL chairman Ludovic Orban  against premier Viorica Dancila, considering some reactions as hysterical. ‘ I have decided not to comment in any case the complaint presented by Mr.Orban, nor the interpretations by a certain political part which was made with much hystery. I don’t want to give the impression that I could influence the ...

CURS poll: Liviu Dragnea, below PSD’s popularity. Iohannis would win the first round

Tuesday, May 22, 2018

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If presidential elections would take place next Sunday, President Klaus Iohannis would win the first round with 39% of the votes, higher than in the first round of the 2014 elections, when the score was of 30.4%, a CURS poll reveals, according to realitatea.net, romaniajournal.ro informs. CURS has considered chairman Liviu Dragnea as runner on behalf of Social-democrat party (PSD), given that the party has not yet decided on the candidate to run for ...

ForMin Melescanu had a meeting with President of the Committee for European Affairs of Bundestag Gunther Krichbaum

Tuesday, May 22, 2018

Foreign Affairs Minister Teodor Melescanu welcomed on Monday President of the Committee for European Affairs of Bundestag Gunther Krichbaum, a release of the Foreign Affairs Ministry (MAE) informs.According to the quoted source, the meeting highlighted the very good Romanian-German cooperation and its development potential in the current context of the Grater Union Centennial and the preparations of the Romanian Presidency of the Council of the EU. Minister ...

Romania not prepared enough to access European funds with quality projects, Commissioner Cretu said

Tuesday, May 22, 2018

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European Commissioner for Regional Policy Corina Cretu stated on Monday in Bacau that Romania hasn't been sufficiently prepared to access European funds for quality projects ever since January 2007, when it joined the EU, mentioning as impediments, in terms of the delays that accumulated over time, the bureaucracy, the additional Romanian legislation in the area, but also the challenges with the court regarding the tenders with long settlement terms."I believe ...

Most likely, the budget deficit will exceed 3pc of GDP, Fiscal Council Chairman says

Tuesday, May 22, 2018

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The state budget faces the risk, more than ever, to conclude the budget deficit above the threshold of 3% of the GDP, as the budget execution reveals increasing expenditures and revenues below expectations, the Chairman of the Fiscal Council, Ionut Dumitru, says, romaniajournal.ro informs. The Government aims to get more money to the state budget, given that no significant savings can be made in terms of expenditures, and so it has targeted the ...

Euro trades at 4.6228 lei on Monday

Tuesday, May 22, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.62281 US dollar USD 3.93701 Swiss franc CHF 3.93751 British pound GBP 5.2766100 Japanese yen JPY 3.5389 1 Moldovan leu MDL 0.23531 Russian rouble RUB 0.06301 new Turkish lira TRY 0.86361 Chinese renminbi CNY ...

6-month ROBOR Index up to 2.89pc, record high of the past three and a half years

Tuesday, May 22, 2018

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has stagnated at 2.74% on Monday, for the fourth consecutive day, but the 6-month ROBOR Index soared to 2.89%, the highest level since October 2014, according to the figures released by the National Bank of Romania (BNR), romaniajournal.ro informs. On Friday, the index stagnated at 2.74%. This is the highest level since October 14, 2014, when it was ...

Start-Up Nation 2018 to hold 2 billion lei budget, enough to finance 10,000 firms

Tuesday, May 22, 2018

The Start-Up Nation Programme will have a budget worth two billion lei as of this year, enough to finance 10,000 projects, and will commence as soon as most payments in respect to last year's edition are carried out, Radu Oprea, Minister for Business Environment, Trade and Entrepreneurship said."As many as 1,300 payments from last year's programme have been made so far. All those who are waiting with payment requests or have not submitted them yet, were called by ...

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

Tuesday, May 22, 2018

Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings, http://business-review.eu informs. At the opposite end are employees in the counties of Bistrita-Nasaud, Ialomita and Harghita, ...

Study: 34% of the employers state that it is difficult for them to find employees with secondary education

Tuesday, May 22, 2018

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Over a third (34%) of the employers say that it is difficult to find an employee with secondary education while 44%of the ‘blue collar’ employees consider they have difficulties in finding a work place, according to a study made by Reveal Marketing Research and OLX and published on Monday, OLX has over 45,000 hiring announcements, and 80% of the employers who place the announcements finalise their searching process in a month, according to ...

DNA's prosecutors seek prison sentence for former MP Sebastian Ghita for bribery, money laundering

Tuesday, May 22, 2018

 Anti-coruption prosecutors demanded on Monday in top court trial proceedings that former deputy Sebastian Ghita be sentenced to prison in the case where he is being indicted alongside former police and prosecution heads.Today is the last appearance before the High Court of Cassation and Justice in the case where Ghita is being tried for offering bribe, influence peddling and using blackmail; on this occasion the prosecutor reiterated the indictment and ...

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