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Interbank offer rate per year continues upward trend

Tuesday, June 28, 2022

The 3-month interbank offer rate (ROBOR) index, depending on which the cost of consumer loans in RON with variable interest rate is calculated, climbed on Monday to 6.26% per year, from 6.18% per year, on Friday, a higher level being recorded on December 3, 2012, respectively 6.30%, according to the data released by the National Bank of Romania (BNR).At the beginning of this year, the 3-month ROBOR index was 3.02% per annum.The 6-month index, ...

Romanian state owns 216 companies, representing about 7% of Romania's GDP

Tuesday, June 28, 2022

The Romanian state owns 216 companies, which represent about 7% of the country's GDP, generated by these companies and 83,000 employees, said Mihai Calin Precup, secretary of state in the Ministry of Public Finance on Thursday, at “Roinvest”, an event organized by News.ro in partnership with Team Innovation Media and Plurivox, PR and communication agency.   In the past months, the government ...

Life expectancy at birth in Romania dropped to 14 years ago

Tuesday, June 28, 2022

Life expectancy at birth in Romania, in 2021 dropped to the level of 14 years ago, in 2007, while other European states managed that after the first year of recoil come back to levels close to those before the pandemics, according to the data of the Foundation Friedrich Ebert Romania.In Europe, after more than two decades of growth, life expectancy recorded, in the two years of pandemics, a ...

PwC Report: Over a third of the CEOs in CEE including Romania estimate a drop in business for next year

Tuesday, June 28, 2022

The CEOs in Central and Eastern Europe (CEE), including Romania are more worried than their counterparts at global level about the risks their companies are facing at present, such as competition, operational model, cyber security or the geopolitical context, but, at the same time, they act and spend less in order to reduce them, the report Global Risk Survey 2022 made by PwC says.   Preoccupation for the impact of risks ...

Bucharest unemployment rate steady at 1.10 pct this May

Tuesday, June 28, 2022

 Bucharest City's unemployment rate as of end-May was steady at 1.10 percent, as 13,487 jobless of whom 7,139 women were registered with the Bucharest Municipal Employment Agency (AMOFM).Out of the total of 13,487 unemployed, 1,392 were collecting unemployment benefit, and 12,095 were not. All the unemployed in the AMOFM Bucharest records come from urban areas, AMOFM said in a release.The unemployed with high school education account for the ...

Paul Filip of Romania to be extradited to Romania from France

Tuesday, June 28, 2022

 Paul Filip of Romania has been detained in Paris and procedures for his handover in Romania are to take place, Romanian Interior Minister Lucian Bode announced on Monday."As a result of international co-operation between the Romanian Police and the French authorities, Paul Filip of Romania was found in Paris. Procedures are still being carried out in order to hand him over to Romania," Bode said.The General Romanian Police Inspectorate ...

Klaus Iohannis in Brussels reasserts conviction on Western Balkans region's European future

Monday, June 27, 2022

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President Klaus Iohannis attended, on Thursday and Friday, the meetings of the leaders of the European Union and the Western Balkans, the European Council and the Euro Summit in an extended format, the Presidential Administration informs.During the meeting of the leaders of the European Union and the Western Balkans, the EU's support for the European perspective of the Western Balkans and for advancing and strengthening the enlargement process ...

MAE: Dmitri Medvedev's statements, part of Kremlin's false rhetoric

Monday, June 27, 2022

Dmitri Medvedev's statements, subsequent to the European Council decision of June 23 - 24 on granting the status of candidate state for joining the EU to the Republic of Moldova and Ukraine, are part of Kremlin's "false rhetoric" "disseminated in the Republic of Moldova," the Romanian Foreign Affairs Ministry (MAE) says in a Sunday's press release."Dmitri Medvedev's statements, subsequent to the historic decision of the European Council on June ...

Geoana on upcoming NATO Summit in Madrid: Good news in store for Romania, Ukraine, transatlantic relationship

Monday, June 27, 2022

NATO Deputy Secretary General Mircea Geoana said on Friday in Cluj-Napoca that the upcoming NATO Summit in Madrid (June 28-30) will be a historic one which will bring good news for Romania but also for Ukraine, the transatlantic relationship and the Alliance itself."It will be a historic summit with a profound transformative outreach. We will focus on strengthening NATO's eastern flank presence, the leaders will announce the size and the ...

Foreign Minister Aurescu, South Korean counterpart Park agree on resumption of regular political consultations

Monday, June 27, 2022

Foreign Affairs Minister Bogdan Aurescu agreed in a phone conversation this Friday with his South Korean counterpart Park Jin on the resumption as soon as possible of the agenda of official visits to Bucharest and of regular political consultations; also, Minister Park gladly accepted ForMin Aurescu's invitation to visit Romania, the Foreign Affairs Ministry informs in a release."The dialogue between the two Foreign Ministers focused on ways to ...

Romania welcomes PACE resolution ensuring accountability for downing of flight MH17

Monday, June 27, 2022

Romania's Foreign Ministry (MAE) welcomes the adoption on June 23, 2022, by the Parliamentary Assembly of the Council of Europe (PACE) of a resolution ensuring accountability for the downing of Malaysia Airlines flight MH 17 above Ukraine.According to a MAE press statement released on Friday, the resolution was adopted unanimously on a report presented by Senator Titus Corlatean, PACE rapporteur on the responsibility for the downing of flight ...

US funds study for small reactor deployment in Romania

Monday, June 27, 2022

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The US government committed $14 million for an engineering and design study that would provide the basis for deploying small modular reactors (SMR) for a new nuclear plant in Romania, euractiv.com informs.   The Front-End Engineering and Design (FEED) study is expected to be completed in eight months, following an investment of $28 million, including contributions ...

Star of Romania National Order, bestowed by President Iohannis on David Popovici

Monday, June 27, 2022

President Klaus Iohannis decided to bestow on David Popovici with the highest decoration of the Romanian state, the National Order "Star of Romania" in the rank of Knight, as a result of the extraordinary performances obtained at the World Swimming Championships, which placed the 17-year-old swimmer among the best athletes of the world, as well as as a sign of gratitude and appreciation for the entire activity, the Presidential Administration informs on ...

Deputy Prime Minister Sorin Grindeanu, proposed as acting Minister of Agriculture

Monday, June 27, 2022

Prime Minister Nicolae Ciuca sent president Klaus Iohannis on Friday a proposal for nominating Deputy Prime Minister Sorin-Mihai Grindeanu as acting Minister of Agriculture and Rural Development, the Government informs.According to the quoted source, the same document notes Adrian Chesnoiu's resignation from position of Minister of Agriculture and Rural Development.National Anticorruption Directorate (DNA) requested the Chamber of ...

BTA: Bulgaria and Romania reached an agreement on easing cross-border traffic

Monday, June 27, 2022

The Bulgarian vice-minister of transport and communications, Nikolai Naidenov and the first collaborator with the Romanian Embassy to Bulgaria, Bogdan Tebrean reached an agreement on easing cross-border traffic, announced on Thursday the Bulgarian ministry, quoted by BTA.The officials discussed ways to facilitate the crossing through the Bulgarian-Romanian border crossing points, especially in the summer, analyzed the ...

Budget deficit, up to 1.57% of GDP after first 5 months, but declining compared to 2021

Monday, June 27, 2022

 The general consolidated budget deficit increased to 1.57% of Gross Domestic Product (GDP) after the first five months of this year, from 1.23% of the GDP in January-April, according to the Ministry of Finance.However, the negative balance is down by about 0.65 percentage points compared to the same period last year, when the budget closed the first five months with a deficit of 2.22% of the GDP."The execution of the general ...

BestJobs Survey: Romanian employees on minus due to inflation; purchasing power drops by 50%

Monday, June 27, 2022

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Nine out of ten salary increases received by Romanian employees do not cover inflation, but the purchasing power dropped by 50%, according to opinion poll results made by a recruiting company and released on Thursday.   The high demand of products and services after lifting Covid 19 restrictions and the conflict in Ukraine led to an accelerated inflation growth, to ...

Consumption expenditures amount to 2,979.3 lei per household per month in 2021

Monday, June 27, 2022

Consumption, the main destination of household expenditures, accounted for an average of 61.1% of total household expenditures last year, amounting to 2,979.3 lei per month per household, according to data centralised by the National Institute of Statistics (INS).The monetary expenses for the purchase of food products (including the expenses in the public catering units), non-food expenses and for the payment of the services were of 2,745.8 lei ...

Total household income last year, on average, stands at 5,683 lei per month, up 8.9%

Monday, June 27, 2022

The total incomes, in nominal terms, were last year, on average, of 5,683 lei per month per household and of 2,243.4 lei per person, increasing by 8.9%, respectively, by 10.5% compared to 2020, according to data centralised by the National Institute of Statistics (INS).The main source of total income formation was, both in 2021 and in the previous year, cash income (93.5%, increasing by 0.7 percentage points compared to 2020).Last ...

Unemployment rate in May 2022 stands at 2.55%

Monday, June 27, 2022

The nationally registered unemployment rate was 2.55% at the end of May, below the previous month by 0.02 percentage points and 0.51 percentage points lower than in May 2021, according to a release of the National Agency for Employment (ANOFM) sent on Friday.The total number of unemployed at the end of May 2022 was 222,648 people, by 2,172 people lower than at the end of the previous month.Out of the total registered unemployed, ...

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