Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Daily

President Igor Dodon suspended by Moldova's Constitutional Court for fifth time this year

Tuesday, December 11, 2018

Moldova's Constitutional Court on Monday ruled that president Igor Dodon can be temporarily suspended from office after he refused to promulgate four bills that the parliament has forwarded to him in the last months, seenews.com informs. The Court was asked to rule on the suspension by parliament speaker Andrian Candu and MPs of the ruling Democratic Party. Dodon's refusal to sign the laws constitutes a violation of his ...

Romanian Senate Passes Criminal Procedure Code Bill

Tuesday, December 11, 2018

Romania’s Senate passed on Monday a revised version of the bill amending the country’s criminal procedure code, with several changes made in accordance with a Constitutional Court ruling on the initiative. The bill was passed with 74 votes for, 31 against and three abstentions. Among the changes from the initial version of the bill, passed in June but declared unconstitutional, the special parliamentary committee for ...

Prime Minister Announces Emergency Decree Amending Criminal Codes

Tuesday, December 11, 2018

181211101317images__3_.jpeg

Romanian Prime Minister Viorica Dancila announced on Monday that the Government will look into the opportunity of passing an emergency decree amending the country’s criminal codes with provisions declared constitutional from two previously rejected parliamentary bills. According to Dancila, a decision on the subject was unanimously reached during Monday’s executive committee meeting of the ruling Social Democrat Party ...

Ambassador Klemm: Amnesty And Pardoning Is Romania’s Decision

Tuesday, December 11, 2018

The United States’ Ambassador to Romania, Hans Klemm, said on Monday that the country is monitoring evolutions regarding a rumored amnesty and pardoning decree prepared by the Romanian Government, adding that the decision belongs with state authorities. “It is a matter we are following closely (…) It is Romania’s decision. We are following the situation with great attention,” said the US ...

BCS survey : almost 70% of the interviewees do not have confidence in the Government

Tuesday, December 11, 2018

181211101736MCZoYXNoPTZkODlkMjRjYTQ4MmFlYjQxMTYyZWZjOGIyZjAwMzZl.thumb.jpg

Almost 70% of Romanians believe the Viorica Dancila cabinet should be changed, a survey conducted by the Bureau for Social Research (BCS) reads, conducted upon the request of the People’s Movement Party (PMP). 70% is also the share in which Romanians do not have confidence in Liviu Dragnea. BCS is one of the few institutes which revealed correct opinion polls at the presidential elections in 2014, adevarul.ro reports. The ...

Isarescu: Consumer price index very likely to enter 2.5pct plus/minus 1pct fluctuation band

Tuesday, December 11, 2018

181211101853CPI_a.jpg

The National Bank of Romania (BNR) will fulfill its two mandates this year - price and financial stability, BNR Governor Mugur Isarescu said on Monday at a news conference where the bank's report on financial stability was released, noting that in all likelihood the consumer price index will enter the fluctuation margin of 2.5pct plus/minus one percent."A careful reading of the report indicates that we prepare the idea that the National Bank this year fulfills its ...

BNR: One in four Romanians fit for work has left the country. Structural problems ahead

Tuesday, December 11, 2018

Demography, low payment discipline in the economy and the low level of financial intermediation – these are the main structural vulnerabilities Romania is facing, the National Bank of Romania (BNR) has revealed on Monday in the document called ‘The map of structural vulnerabilities in Romania’, romaniajournal.ro informs. Liviu Voinea, member of the BNR Board and BNR deputy Governor, said it is for the first ...

Gov't launched National Strategy for Romania's Durable Development 2030

Tuesday, December 11, 2018

The Department for Durable Development within the Romanian Government's General Secretariat (SGG) launched on Monday the National Strategy for Romania's Durable Development 2030 which provides for, among other things, the setting up of an inter-departmental committee in the filed led by the prime minister."Our request through this strategy: the setting up of an inter-departmental committee for durable development led by the prime minister and in her absence by Mrs ...

THE NET INVESTMENTS IN THE NATIONAL ECONOMY, down 1.5 pct in Q3

Tuesday, December 11, 2018

181211102348investors_fiduciary_long_island_financial_advisor.gif

Compared to quarter III 2017, in quarter III 2018 the net investments in the national economy summed up to 21055.1 million lei, decreasing by 1.5%. Compared to period 1.I-30.IX.2017, in the period 1.I-30.IX.2018 the net investments in the national economy summed up to 54595.6 million lei, increasing by 2.7%. Net investments in the national economy totalled 21.055 billion ...

International trade with goods widens by 1.62 billion euro, Jan.-Oct., 2018

Tuesday, December 11, 2018

In the period 1.I-31.X 2018, the FOB exports amounted to 57189.8 million euro and the CIF imports amounted to 69034.8 million euro. In the period 1.I-31.X 2018, the exports increased by 9.2% and imports by 10.3%, compared to the period 1.I-31.X 2017. In the period 1.I-31.X 2018, the FOB-CIF commercial deficit was of 11845.0 million euro, 1620.0 million euro more than in ...

The demographic decline slowed in October due to the rise in birth rates

Tuesday, December 11, 2018

In October 2018 the number of births increased compared to September 2018. The number of deaths and the number of deaths of children under 1 year were up from the previous month. The number of marriages dropped significantly and the number of divorces rose in October 2018 compared to September 2018. Romania recorded a negative ...

Eurostat: Romanians, the last in the EU depending on their participation in education or training programs

Tuesday, December 11, 2018

The proportion of adults of working age (aged 15 - 64) taking part in either formal or non-formal education and training programmes has been increasing over the past decade, from 35.2 percent in 2007 to 45.1 percent in 2016, but Romania is lagging behind, with just 7 percent in 2016, according to data released by Eurostat on Monday.In 2016, the highest participation rates across the European Union member states were recorded in the Netherlands (64.1 percent) and ...

Transylvania train from Cluj-Napoca to Vienna, inaugurated on Sunday

Tuesday, December 11, 2018

The first train Transylvania EuroCity connecting Cluj-Napoca to Vienna (via Budapest) inaugurated the journey on Sunday. CFR Calatori, in partnership with the rail companies ÖBB (Austria) and MÁV-START (Hungary) have reached a deal to collaborate for the new route to Vienna from Cluj. Transylvania EuroCity train, equipped with air-conditioned wagons, will make direct connection between the heart of Transylvania and two European capitals, ...

The  European Parliament discusses on Monday a report which proposes the accession of  Romania and Bulgaria to the Schengen area

Monday, December 10, 2018

181210104419unnamed.jpg

The European Parliament  discusses on Monday a report which proposes the accession of Romania and Bulgaria to the Schengen area, on Tuesday the vote is programmed to take place, but  the final decision for this topic goes to the EU Council. The document was adopted in November by the Commission for Civil Liberties in the EP. The Commission for Civil Liberties (LIBE) reiterated on 5 November the recommendation addressed to the ministers of ...

Final form of rotating Presidency of EU Council to be presented on December 12 in Parliament

Monday, December 10, 2018

form of the rotating Presidency program of the EU Council, which Romania will take over as of January 1st 2019."After the reunion with the presidents' conference in Bucharest, this week I had a meeting with the Commissioners' College, and we talked about our priorities during our rotating Presidency, but also about the way in which we will cooperate with the European institutions. Many ministers had meetings with European commissioners, with committee presidents ...

President Iohannis: Gov't reshuffle is political, not constitutional, therefore is out of Constitutional Court's hands

Monday, December 10, 2018

President Klaus Iohannis said on Friday that the complaint filed by the Government with the Constitutional Court of Romania (CCR) in connection with the appointment of the new ministers of Transport and Regional Development, respectively, cannot solve the issue, which is actually political, not constitutional."Mrs. Prime Minister has sent the Constitutional Court of Romania a request for the settlement of a conflict. The Court will most likely give answer, we'll ...

CCR to issue opinion by 13 December on Gov't's notification regarding President's defer to appoint new ministers

Monday, December 10, 2018

The Constitutional Court of Romania (CCR) decided to issue on 13 December its opinion regarding the Government 's notification regarding the existence of a constitutional conflict after President Klaus Iohannis deferred the appointment of the new ministers of Transport and Regional Development, official sources said on Friday.Prime Minister Viorica Dancila announced on Friday that the Government notified the Constitutional Court of Romania about the fact that ...

Senator Basescu: PSD's Dragnea has to leave now

Monday, December 10, 2018

Former president Traian Basescu, senator of the People's Movement Party (PMP, opposition) says that at present (Chamber of Deputies' Speaker, ed. n.) Liviu Dragnea is not controlling anything anymore, either the government, the parliamentary groups or the parliamentary majority, or the Social Democrat Party (major at rule, ed. n.).''Daddy seems to not get it! Dragnea doesn't control anything anymore, either the government, or the parliamentary majority or the ...

Ambassador Klemm: Strategic partnership between Romania and the US is also the promotion of the common economic prosperity

Monday, December 10, 2018

US Ambassador in Bucharest Hans Klemm on Friday stated in a speech delivered at the "Al. I. Cuza" University of Iasi that a key objective of the strategic partnership between Romania and the US is also the promotion of the common economic prosperity, while also adding that, although the GDP in our country has increased very rapidly after the EU accession, the gains of this economic growth are especially due to the citizens in the urban area, while three quarters of the ...

Labour Ministry's budget gets additional 43.2 ml lei for the payment of pensions

Monday, December 10, 2018

181210104509Pension.jpg

 The budget of the Ministry of Labor and Social Justice was supplemented by 43,236,000 lei from the Government's Reserve Fund for 2018, under specific decisions approved at the government's Friday meeting, the Ministry said in a release.The money will be used for the payment of pensions, old-age benefits, as well as for covering the post fee for the delivery of social security and welfare benefits."Expenditures were higher than initially estimated ...

Premium News

Daily

Friday, December 14, 2018

Financial & Banking

Monday, December 10, 2018

Economic

Tuesday, December 11, 2018

Companies

Wednesday, December 12, 2018

Energy & Environment

Thursday, December 13, 2018