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Analysis: political instability together with inflation and the euro exchange rate, at the top of the worries of investors
Monday, October 14, 2019
The increase of inflation, the depreciation of the leu and the accentuation of the financial blockage represent the main worries of investors this autumn, shows an analysis from Frames, made in the campaign ‘ Romania, where to?” which scans the economy after 30 years of capitalism. ‘The political instability has come back as main issue, the political noise leading to increasing worry alarm regarding the evolution of the economy. The ...
Annual inflation rate drops to 3.5pct in September
Monday, October 14, 2019
Consumer prices were up 3.5% in September 2019 compared to September 2018. The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 3.5%. The average consumer price rate based on the CPI over the last 12 months (October 2018-September 2019) as compared to the previous 12 months (October 2017-September 2018) is 3.8%. The average rate based on the HICP is ...
The new orders in manufacturing in August 2019
Monday, October 14, 2019
In August 2019, the new orders in manufacturing overall (domestic market and non-domestic market), in nominal terms, decreased by 13.5% compared to the previous month and were up 1.3% from the same month of the previous year. In the 1.I-31.VIII.2019 period, the new orders in manufacturing rose in nominal terms by 5.3% compared to the 1.I-31.VIII.2018 ...
The industry turnover in August 2019
Monday, October 14, 2019
In August 2019, the industry turnover per total (domestic and non-domestic market), in nominal terms, decreased compared to the previous month by 13.5% and increased compared to the corresponding month of the previous year by 1.2%. In the priod 1.I-31.VIII.2019, compared to the period 1.I-31.VIII.2018, the industry turnover (domestic and non-domestic market), in nominal terms, increased by ...
Brand Finance: the value of the Romania brand decreased by 3%
Monday, October 14, 2019
Romania’s brand value drops 3% to US$216 billion in Brand Finance Nation Brands 2019 ...
Study: A Romanian stays on television, on average, over 3 hours / day
Monday, October 14, 2019
Romanians spend 3.3 hours on average watching TV during the week and 3.7 hours during weekends, reveals a study about the TV and video consumption in Romania. The study has been released ...
Les Films de Cannes a Bucarest's special guests : Elia Suleiman, Mounia Meddour, Jasmila Zbanic
Monday, October 14, 2019
Film directors Elia Suleiman, Mounia Meddour and Jasmila Zbanic are the special guests of the Les Films de Cannes a Bucarest festival, which takes places between October 18 and 27 in Bucharest, informs a press release of the organisers.Palestinian artist Elia Suleiman is the winner of the special prize of the jury of this year's edition of the festival on the Croisette.On October 19, the public will have the chance to listen to "Debat des auteurs" and ...
Parliament: Censure motion, adopted; Dancila Government dismissed
Friday, October 11, 2019
The censure motion against the Dancila Government was adopted by Parliament on Thursday. A number of 238 votes in favour were registered, Pro Romania Deputy Catalin Nechifor announced. "Of a total of 464, there were 399 voters in the room, with 245 votes cast, 3 canceled and a total of 242 valid votes cast, among which 238 were in favour of the adoption of the censure motion, 4 against and 0 abstentions. As a result of the fact that of the total 464 MPs there ...
President Iohannis invited parliamentary parties to first round of talks Friday at 11:00hrs
Friday, October 11, 2019
President Klaus Iohannis has announced that he will ask parliamentary parties for a first round of consultations on Friday, adding that there is an urgent need for a government, after the censure motion against the Dancila government cleared Parliament on Thursday."I will ask the parliamentary parties for a first round of consultations tomorrow, starting at 11:00hrs, because we urgently need a government. I will listen to the options of the parties and I will ...
PM Dancila: I will remain the leader of PSD, I have nothing to reproach myself
Friday, October 11, 2019
Prime Minister Viorica Dancila stated she will remain Chairwoman of PSD (Social Democratic Party) and that she has nothing to reproach herself. "As you know, I was elected by the Congress, so I remain the leader of PSD," Viorica Dancila said at Parliament on Thursday, after the censure motion got adopted by 238 votes. Asked about her next plans in case she is asked to take a step back, the Social Democratic leader replied: "Why make this scenario? I don't see why I should ...
Euronews: Romania government falls after no confidence vote in PM
Friday, October 11, 2019
Romania's government has fallen after Social Democrat Prime Minister Viorica Dancila lost a no-confidence vote. Official data showed that 238 lawmakers voted to topple the Romanian PM, with the vote needing just 233 votes to pass. The clash between the ruling party and the opposition was fierce, only 5 votes made the difference. The vote was filed by the liberals, joined by Save Romania Union and other 4 ...
Euractiv:Romania’s centre-right to push for Muresan as Commissioner after government collapses
Friday, October 11, 2019
The Romanian parliament ousted the Social Democrat government of Prime Minister Viorica Dancila on Thursday (10 October) with 238 votes in support of a no-confidence motion, euractiv.com comments. The socialists lost their majority after their junior coalition partner, the liberal ALDE, left the coalition. Dancila, a former MEP, is currently the party’s candidate for the presidential elections in November but her chances are very ...
International trade with goods in August and the period 1.I-31.VIII 2019
Friday, October 11, 2019
In the period 1.I-31.VIII 2019, the FOB exports amounted to 45749.2 million euro and the CIF imports amounted to 56599.4 million euro. In the period 1.I-31.VIII 2019, the exports increased by 1.7% and imports by 4.8%, compared to the period 1.I-31.VIII 2018. In the period 1.I-31.VIII 2019, the FOB-CIF commercial deficit was of 10850.2 million euro, 1867.5 million euro ...
GROSS DOMESTIC PRODUCTS IN Q2 2019 WAS, IN REAL TERMS, BY 1.0%1 HIGHER, AS COMPARED TO Q1 2019
Friday, October 11, 2019
As against the same quarter of 2018, the Gross Domestic Product recorded an increase by 4.4% for the unadjusted series and by 4.5% for the seasonally adjusted series; In the first half of 2019, as against the same period of the previous year, the Gross Domestic product increased by 4.6% for the unadjusted series and by 4.7% for seasonally adjusted series; The ...
Report: Strengthening governance remains the country’s biggest opportunity for enhancing future prosperity
Friday, October 11, 2019
A report on Economic Openness in Romania, published by the Legatum Institute and showcased at a panel event at the British Romanian Chamber of Commerce, highlights that strengthening governance remains the country’s biggest opportunity for enhancing future prosperity. The report reveals that Romania ranks 47th in the world for economic openness overall. It has the same rank for governance, reflecting its progress in adopting EU roles and ...
Solvency II: Commission calls on ROMANIA to apply amended rules on bank resolution
Friday, October 11, 2019
The Commission decided Thursday to send a reasoned opinion to Romaniafor not transposing into national law the Bank Creditor Hierarchy Directive (Directive (EU) 2017/2399) that amends ...
Financial Services: Commission requests ROMANIA to comply with EU rules on the sale of insurance products by distributors from other Member States
Friday, October 11, 2019
The European Commission decided Thursday to send a letter of formal notice to Romania regarding the conditions for the sale of insurance products by insurance distributors from other Member States. The Commission urges Romania to adjust national rules setting restrictive conditions insurance distributors from abroad who want to sell products to Romanians. Under Romanian rules, foreign insurance ...
Civil justice: The Commission calls on ROMANIA to notify measures taken to comply with EU rules on debt recovery
Friday, October 11, 2019
Thursday, the Commission decided to send a letter of formal notice to Romania for failing to notify the measures taken to comply with EU rules on recovering debt from debtors in other Member States (the European Account Preservation Order ...
SURVEY: Shortage of money, information and self-confidence, obstacles for youngsters with business ideas
Friday, October 11, 2019
Three out of four young people consider the main reason for not succeeding in putting into practice their business ideas is the shortage of funds needed for the initial investment, according to a survey made by Startarium platform among people included in Startarium Crowdfunding Makeathon, a project devoted to financing through crowdfunding in Romania, carried out until December 15. “Their perception comes in the context in which half of ...
Natural population growth in Romania remains negative in August
Friday, October 11, 2019
In August 2019 the number of recorded births decreased compared to July 2019. The number of recorded deaths and the number of recorded deaths of children under 1 year fell in August 2019 compared to July 2019. The number of recorded marriages significantly increased and the number of recorded divorces rose in August 2019 compared to July ...