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On Friday there was a record depreciation of the lei against the euro: 4.8026 lei / euro

Monday, February 24, 2020

The National Bank of Romania (BNR) has announced an all time record for the exchange rate, with the Euro hitting a historical high: RON 4.8026. It is the first time in Romania’s history that the Euro reaches such value. The RON exchange rate has climbed to the highest peak in its history compared to the EUR on Friday after a previous high on Thursday: EUR=RON 4.7834. The national currency’s depreciation has deepened ...

FinMin Citu: the slight depreciation of the leu is correlated to the depreciation in the region

Monday, February 24, 2020

The slight depreciation of the leu is correlated to the depreciation in the region, as the zlot and the Forint went down following some international flow movements, considers the interim minister of finances, Florin Citu.‘The slight depreciation of the leu today is correlated to the depreciation  in the region. Zlot and forint go down as there are international flow movements. Only the PSD trumpets see differently. Do not worry. The interests will ...

BCR: Our expectations for economic growth of this year are 3.5%

Monday, February 24, 2020

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The Romanian economy could grow this year by 3.5% and 2% next year, stated Ciprian Dascalu, head economist with the Banca Comerciala Romana at the event ‘ Meeting with the Economic Press’ organized by the Financial Market in Predeal.‘We expect economic growth of 3.5%. Next year we will see a slowing down which is given mainly by our expectations for reduction of the budgetary deficit towards 3% of GDP. Practically, from here, from the public ...

Daianu: 2020 is a key moment; I wish minister Florin Citu could adopt the right measure

Monday, February 24, 2020

2020 is a key moment, stated the chairman of the Fiscal Council, Daniel Daianu with reference to the increase of the pension point included for this year, he said, in context, that he wished minister of finances Florin Citu could adopt the right measure.Daniel Daianu said that he could not speak about the budget for 2020 without discussing the budget in 2021 taking into consideration the connection between the two. The growth of 2020 of the pension point has an ...

Prosecutors investigating illegal shipment to Constanta of dozens of waste containers

Monday, February 24, 2020

Teodor Nita, the prosecutor in charge with investigating the case of 16 waste containers unloaded on Thursday in the Port of Constanta from a Dutch vessel coming from the UK and declared in the shipping documents as carrying second-hand household items, said on Friday that this appears to be just one of several similar transports made lately, and that another roughly 50 containers with waste arrived in Romania when the UK was still in the European Union."We have ...

Six Romanians from the “Diamond Princess” cruise ship, repatriated from Japan

Monday, February 24, 2020

The Italian media has released the first footage from the military plane sent by the Italian authorities in Japan to repatriate over 50 passengers on the “Diamond Princess” cruise ship, currently under quarantine for Coronavirus. There are 30 Italians in the aircraft and other European citizens, among whom there are also six Romanian citizens. Six Romanians from the ship asked to be ...

Romanians coming from Italy's Veneto and Lombardy regions to be automatically quarantined for coronavirus

Monday, February 24, 2020

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Until the public health authorities instruct additional measures, the passengers who arrive at the Bucharest 'Henri Coanda' airport from the Italian areas affected by the coronavirus (Milan, Bergamo, Treviso, Turin) shall enter the country on the lane intended for charter flights and shall fill out a short questionnaire with identification data and other relevant information, said spokesman of the National Company Bucharest Airports (CNAB) Valentin Iordache, who also ...

President Iohannis meets Presidents of European Council and European Commission

Friday, February 21, 2020

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President Klaus Iohannis met on Friday morning with European Council President Charles Michel and President of the European Commission Ursula von der Leyen, after the works of the extraordinary meeting of the European Council regarding the 2021-2027 multiannual budget of the EU had been interrupted.European Council President Charles Michel interrupted on Thursday evening the summit in order to carry out bilateral negotiations with all heads of state and government ...

ForMin Aurescu, Maas discuss in Berlin Romania's Schengen accession, EU enlargement

Friday, February 21, 2020

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Foreign Affairs Minister-designate Bogdan Aurescu met on Thursday in Berlin with his German counterpart Heiko Maas, with the two top diplomats discussing, among others, Romania's "legitimate" objective to join the Schengen area and the EU enlargement prospects, the Ministry of Foreign Affairs said in a release. The two officials reviewed the very good stage of the bilateral dialogue regarding Romania's German minority within the joint government committee on ...

Romanian citizen has died in the recent attacks in Hanau

Friday, February 21, 2020

MAE (Ministry of Foreign Affairs) on Thursday night informed that a Romanian citizen died in the Hanau attacks and the repatriation of his body will be ensured through the emergency situations fund, according to the order of the Minister of Foreign Affairs, Bogdan Aurescu.. The repatriation will be provided under the emergency fund. The Consulate General of Romania in Bonn is in contact with the local authorities and has made contact with the family of the deceased person to ...

President Klaus Iohannis decorates Donald Tusk, Jeppe Tranholm Mikkelsen, Klaus Welle...

Friday, February 21, 2020

President Klaus Iohannis signed on Thursday the decree granting the National Order "The Star of Romania" in the rank of Grand Cross to the former President of the European Council, Donald Tusk.The head of state also conferred the National Order "The Star of Romania" in the rank of High Officer to Jeppe Tranholm Mikkelsen - Secretary General of the Council of the European Union and the National Order "The Star of Romania" in the rank of Commander to Klaus Welle - ...

The decrees appointing the heads of the General Prosecutor's Office, DNA and DIICOT, signed by Iohannis

Friday, February 21, 2020

President Klaus Iohannis has signed on Thursday the decrees appointing Gabriela Scutea as Prosecutor General of the Prosecutor's Office attached to the High Court of Cassation and Justice, for a period of three years, the Presidential Administration announced.Moreover, the head of state also has signed the decrees appointing Crin-Nicu Bologa as prosecutor-in-chief of the National Anticorruption Directorate (DNA), for a period of three years, and Elena-Giorgiana ...

Gov't to continue to work on the Strategic Partnership with Japan

Friday, February 21, 2020

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The Government intends to continue to work on the most important cooperation project with Japan, the bilateral Strategic Partnership between the two countries, and chose the year 2021, when Romania and Japan celebrate 100 years of "efficient diplomatic relations," for the conclusion of the Partnership Agreement, stated interim Prime Minister Ludovic Orban."This year is important (...) for our bilateral relations. We intend to continue to work on the most important ...

PM-designate Orban: Many investors complain that skilled workforce is very difficult to find

Friday, February 21, 2020

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Prime Minister-designate Ludovic Orban said on Thursday, after participating in the forum organized by the American Chamber of Commerce in Romania (AmCham), that many investors have complained about the difficulty of finding skilled workforce and emphasized the importance of developing education."In this debate with the representatives of the Romanian-American Chamber of Commerce, in the survey they conducted at the beginning they put education first, increasing ...

US Ambassador Adrian Zuckerman at the AmCham CEO Forum

Friday, February 21, 2020

February 20, 2020 Good Morning It is a pleasure to be here this morning at the CEO Forum of the American Chamber of Commerce in Romania. I look forward to continuing the close relationship the Embassy has with AmCham to strengthen the US-Romania strategic partnership as we work together to improve Romania’s business climate, creating a common sense, transparent, and predictable business environment. Romania is on ...

The Euro reaches a new historical high: the rate set by the Central Bank: 4.7834 lei / euro

Friday, February 21, 2020

The Romanian leu fell to an all-time low against the euro on Thursday, amidst political uncertainty after the fall of the government led by Ludovic Orban. Romania's central bank, BNR, set its reference exchange rate at 4.7834 lei ($1.07/1.0 euro) per euro on Thursday, 0.09% weaker than 4.7789 lei per euro on Wednesday. On Thursday morning, the leu changed hands between 4.7827 and 4.7895 per euro, according to real-time ...

Dumitru (Raiffeisen Bank): Exchange rate has depreciation tendency on background of commercial deficit deterioration

Friday, February 21, 2020

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The leu has a depreciation tendency against the euro on the background of deterioration of fundamental factors of commercial deficit, said the chief economist of Raiffeisen Bank, Ionut Dumitru. “I don't know whether it is connected to the political situation. My opinion is that we should not look for relevance in the latest spectacular movement. The exchange rate depreciation is not new. The rate has a depreciating tendency on the background of ...

Citu: EC warnings ignored for three years; excessive deficit procedure could not be avoided

Friday, February 21, 2020

Florin Citu, the temporary finance minister says the budget deficit procedure could not be avoided as European Commission warnings had been constantly ignored. He added that from talks and signals he had EC would not accept the suggestion that the deficit should be reduced in the following years.  Citu says that since he took over the mandate he has done nothing else but pay bills and has not made additional expenses that could increase deficit, ...

US ambassador to Bucharest: Huawei, a destructive company. It is the wrong way

Friday, February 21, 2020

Adrian Zueckerman, the US ambassador to Bucharest declared on Thursday, at the CEO Forum of the American Chamber of Commerce in Romania, that Huawei is a destructive company and it represents the wrong way, when he referred to companies held or controlled by foreigners , that cannot be made responsible or are not transparent. Huawei is a first example of such a destructive foreign company. Huawei is a wrong way, said the US ambassador at the CEO Forum ...

Topoloveni plum jam maker earns 775,000 euros for product promotion in UAE, Vietnam

Friday, February 21, 2020

Sonimpex Topoloveni, the producer of Topoloveni plum magiun, an original plum jam recipe, has obtained European funds worth 775,000 euros to promote the product in the United Arab Emirates (UAE) and Vietnam, but it will also participate in trade fairs and exhibitions in Japan, America and Brazil, the company announced on Thursday."In the 28th year since the establishment of Sonimpex Topoloveni, we are starting promoting the Topoloveni plum magiun in the United ...

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