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Finance Ministry borrows RON 334m from commercial banks with 4.5% interest rate
Tuesday, February 12, 2019
The Finance Ministry has borrowed on Monday RON 334.1 million from commercial banks, with an interest rate of 4.5% per annum, in a state bond issue with residual maturity of 86 months. According to National Bank of Romania (BNR) figures, the total demand was RON 506.6 million, with a nominal issuance value of RON 300 million. A supplementary auction is scheduled on Tuesday, with the state trying to get another RON 45 million at ...
Study: IT employees have highest salaries in 2018, averaging 5,731 lei/month
Tuesday, February 12, 2019
The classification of salaries in Romania was dominated in 2018 by the IT sector, where the net average wage was 5,731 lei / month, according to an HR Review & Trends annual report, posted on Monday by an online recruitment platform.The analysis presented by eJobs also shows that second in the rankings of salaries was the legal field, with a monthly income of 4,571, followed by banking (4,226 lei) and human resources (4,048 lei).According to the ...
Survey: 65pct of Romanians, more careful about income and spending management
Tuesday, February 12, 2019
Only 1 percent of Romanians would call on a financial adviser to better understand their personal budget, while half of them hold to be the only ones responsible for personal income and spending, show the results of a study published Monday, commissioned by the Banometer, a free financial education program.According to the quoted source, men are more in control of the management of their own spending budget (55 percent) and resort to parents to a lesser extent (13 ...
Romania posts 10-year high trade gap in 2018 of EUR 15.1 bln
Tuesday, February 12, 2019
In the year 2018, the FOB exports amounted to 67732.4 million euro and the CIF imports amounted to 82865.3 million euro. In the year 2018, the exports increased by 8.1% and imports by 9.6%, compared to the year 2017. In the year 2018, the FOB-CIF commercial deficit was of 15132.9 million euro, 2173.1 million euro more than in the year 2017. ...
THE AVERAGE GROSS EARNINGS ON TOTAL ECONOMY IN DECEMBER 2018 WERE 4938 LEI AND THE NET 2957 LEI
Tuesday, February 12, 2019
In December 2018, the average gross nominal earnings were 4938 lei, by 6.0% higher than the one registered in November 2018. The average net nominal earnings were 2957 lei, increasing as against the previous month with 165 lei (+5.9%). The highest values of the average net nominal earnings were recorded in computer programming, consultancy and related activities ...
Negative natural growth rate in December 2018
Tuesday, February 12, 2019
In December 2018 the number of recorded births decreased compared to November 2018. The number of recorded deaths was up from the previous month, and the number of deaths of children under 1 year was down in December 2018 from November 2018. The number of recorded marriages and the number of recorded divorces increased in December 2018 compared to November 2018. ...
Analysis. Romania losing inhabitants at alarming pace due to demographic crisis, migration
Tuesday, February 12, 2019
Romania’s demographic decline accelerates as the number of births hits decades-low levels and the migration of its inhabitants to richer countries shows no signs of slowing down, http://business-review.eu/ informs. In 2018, Romania’s population fell by 74,561 inhabitants, the equivalent of large city like ...
Romania recognises the interim president of Venezuela, Juan Guaido
Monday, February 11, 2019
Romania's President Klaus Iohannis, as Romania's foreign policy decision-maker and as Romania's representative at external level, in agreement with the constitutional provisions, decided to recognise Juan Guaido as interim President of Venezuela, the Presidential Administration points out.The quoted source shows that the Romanian President's decision was made "following a careful analysis of the situation, including from a political-diplomatic and judicial point ...
Jourova on CVM: Keeping dialogue with Romania could help it return to path of changes in correct direction
Monday, February 11, 2019
Keeping dialogue with Romania is important to help this country return to the path of changes in the correct direction, on Friday said the European Commissioner for Justice, Consumers and Gender Equality Vera Jourova, after the closing of the informal reunion of the Justice and Home Affairs ministers of the EU member states, organised at the Palace of Parliament.She therefore answered a question referring to the recommendations made to Romania by the European ...
Russia demands US destroy missile defence systems in Romania
Monday, February 11, 2019
Russia’s Ministry of Defence said on Thursday (7 February) that the United States should destroy its MK-41 missile defence launch systems deployed in Romania in order to return to compliance with a Cold War-era nuclear pact, euractiv.com reads. It said Washington should also destroy its strike drones for the same reason. The ministry said it had summoned the US embassy’s military attaché to hand him a note ...
MAE: NATO missile shield concept - a response proportional to threats
Monday, February 11, 2019
The concept of the NATO missile shield is an action proportional to current threats and fully observes all international agreements, the Intermediate-Range Nuclear Forces (INF) Treaty included, and any attempt by the Russian Federation to deny this is "a flagrant misinformation" and an attempt to distract attention from the real violation of this treaty by the Russian state, the Romanian Foreign Ministry (MAE) said on Friday.The Ministry made this statement ...
Romania set to reach $10-bln bilateral trade target with Turkey
Monday, February 11, 2019
Romania is set to reach the bilateral trade target of 10 bln US dollars with Turkey, compared to nearly 7 bln US dollars at the end of 2018, Minister for the Business Milieu, Commerce and Entrepreneurship Stefan Oprea told a Romania - Turkey business forum on Friday.Oprea pointed out that Turkey is a strategic partner to Romania, its most important non-EU trade partner."The dynamics of the world economy invites us to capitalize at a faster pace on the ...
New Draft Budget Law: Deficit of 36.15bn lei from 34.85bn lei in previous version
Monday, February 11, 2019
The new Draft Budget Law, posted on Friday night on the website of the Ministry of Finance, provides for a deficit of the state budget of 36.157 billion lei, by 1.3 billion lei higher than in the version the previous one, of 34.857 billion lei."The state budget is set at revenues of 164,543.4 million lei, 258,735.1 million lei in terms of expenditures, commitment loans of 200,700.2 million lei, with a deficit of 36,156.8 million lei," the draft ...
AmCham Romania calls for responsibility in building the 2019 state budget
Monday, February 11, 2019
In the context of the current debates on State Budget Planning for 2019, AmCham Romania reiterates its call for responsibility in budget planning and signals the vulnerabilities and risks presented by the draft budget, in an analysis elaborated by members of the AmCham Macroeconomics Task Force quoted by romaniajournal.ro. In our view, a desirable fiscal and budgetary policy must ensure the predictability of budgetary and fiscal policy measures and the ...
Daraban warns: Italy got into recession and Romania handles figures as if they wanted to populate the moon
Monday, February 11, 2019
The Romanian authorities should take into consideration the foreign factors and the effective achievements of the companies when they analyse the economic growth of the country, not to rely on the increase of the GDP only, stated on Friday the chairman of the Chamber of Commerce of Romania (CCIR) Mihai Daraban, during a press conference. Daraban reminded that Romania is exposed to a very high risk, given that 75% of the country's trade is with countries in the ...
Isarescu about the exchange rate: I cannot deny we intervened in the rate, which is obvious, but I cannot comment that we did
Monday, February 11, 2019
The National Bank of Romania intervened to defend the national currency after the leu started to depreciate on the international market following the recommendations of a big bank to sell the Romanian currency, stated on Thursday the governor of the National Bank of Romania Mugur Isarescu.‘The leu had a slight depreciation. Now, what I tell you I shouldn’t do it, but I tell you to calm you down. When you have a higher inflation than in other two ...
Fake Italian physician Matteo Politi remanded for 30 days, reportedly helped by fake lawyer!
Monday, February 11, 2019
Matteo Politi, the Italian who graduated only 9 grades and impersonated a physician, performing plastic surgery in Romania, has been remanded for 30 days. He had been caught at Curtici customs, trying to flee from Romania, romaniajournal.ro informs. Politi, aka Matthew Mode, is charged with fraud. His lawyer claims the graduating diploma issued by the Medicine University in Pristina has been attested by the Education ...
Donald Tusk’s message to Viorica Dancila: Maybe I am old fashioned but judges not politicians should decide who is guilty
Friday, February 8, 2019
Donald Tusk, the president of the European Council Twitted premier Dancila on Thursday, that in his opinion, it was the responsibility of judges not politicians to decide who was guilty. Premier Dancila declared before the meeting with Donald Tusk and with Frans Timmermans, the vicepresident of the European Commission, that she would explain Brussels officials about the measures in justice. She announced at Romania TV, on ...
Timmermans, PM Dancila to "relaunch the operational dialogue to implement the recommendations" of CVM
Friday, February 8, 2019
European Commission First Vice President Frans Timmermans and Romanian Prime Minister Viorica Dancila agreed at a meeting in Brussels on Thursday to "relaunch the operational dialogue to implement the recommendations" of the Cooperation and Verification Mechanism (CVM), informed a spokesman for the EC, Christian Wigang.Frans Timmermans and Viorica Dancila had "an open and constructive discussion." "The First Vice President (Timmermans) reiterated the Commission's ...
Avramopoulos: Romania is ready to join Schengen
Friday, February 8, 2019
Romania is ready to join the Schengen Area and this was the constant stance of the European Commission ever since its evaluation in 2011, on Thursday said the European Commissioner for migration, home affairs and citizenship Dimitris Avramopoulos, who expressed hope that during the rotating presidency of Romania at the helm of the EU Council, a positive decision will be made regarding the enlargement of the European free circulation area. According to ...