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SportMin designate Stroe: Giulesti Stadium is a lost cause for EURO 2020

Wednesday, February 19, 2020

The proposed Youth and Sport Minister, Ionut Stroe, stated, on Tuesday, during the hearings in the joint parliament select committees, that Giulesti Stadium is a "lost cause" in what regards the organization of EURO 2020, the order to start construction being given much too late. Finally he received negative opinion."I said publicly that through the National Investment Company we will conduct the reconstruction of four stadiums. And I will start with Dinamo, the ...

Senate’s legal committee rejected the emergency ordinance on early elections

Wednesday, February 19, 2020

The Senate’s legal committee has rejected the emergency ordinance on early elections adopted by the Orban Cabinet by 8 votes in favour and 3 against (PNL, USR). The Judicial Committee ...

BVB: Listed Romanian companies have solid bases to contribute to general market growth this year

Wednesday, February 19, 2020

Romanian companies listed on the Bucharest Stock Exchange (BVB) have solid bases to contribute to the general growth of the market this year too, in case the Romanian economy does not decelerate and in lack of disturbing factors, Adrian Tanase, CEO of BVB believes."We live in an international context marked by volatility, which stems from the uncertainty of investors regarding the positions to adopt on the markets. Beyond external factors, there can be internal ...

System of duties and taxes and labour force facilities, topics discussed with IMF delegation

Wednesday, February 19, 2020

The system of duties and taxes for Small and Medium-sized Private Enterprises (SMEs) and companies investing in Romania, but also the facilities offered by the Romanian state to the labour force in different fields were topics discussed by the Secretary of State in the Ministry of Economy, Energy and Business Environment (MEEMA), Liviu Rogojinaru, and the representatives of the International Monetary Fund (IMF) experts' delegation, informs MEEMA, in a press release sent on ...

Dumitru (Raiffeisen Bank): 30 years of transition can be divided into 10 years of wandering and 20 years of convergence

Wednesday, February 19, 2020

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The 30 years of transition can be divided into ten years of wandering and 20 of convergence when something appeared for us on the horizon – the accession to NATO and EU, the chief economist of Raiffeisen Bank, Ionut Dumitru said on Tuesday. “Romania had a relatively good period in the 1970s and 1980s when economy grew rapidly, followed by Ceausescu's mad idea to pay the foreign debt. We were close to bankruptcy in 1980-1981, and the period ...

Microsoft launches first laboratory equipped with artificial intelligence at Bucharest University of Economic Studies

Wednesday, February 19, 2020

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Microsoft launched on Tuesday the first laboratory equipped with artificial intelligence within the Bucharest University of Economic Studies (ASE), thus giving students, professors and researchers at the university access to unlimited computational resources and computing power, according to a release issued on Tuesday ."The education system is an essential component in the digital transformation landscape, and the launch of the ASE cloud technology laboratory offers ...

Head of competition watchdog: Talks with EC underway over state aid to Oltenia Energy Complex, Tarom

Wednesday, February 19, 2020

Talks are underway between the Romanian authorities and the European Commission regarding the grant of state aid to the Oltenia Energy Complex - affected by the increase in the price of greenhouse gas emission certificates - and to air company Tarom, president of the Competition Council, Bogdan Chiritoiu, said on Tuesday."Tarom had a reserve of roughly half a billion dollars but in ten years, during which it systematically lost 40-50 million dollars each year, the ...

Over 11,200 visa applications by foreigners approved in 2019

Wednesday, February 19, 2020

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The General Inspectorate for Immigration (IGI) approved last year 11,241 visa applications and processed 43,844 applications for the extension of the right to temporary residency, as well as 1,375 long-term stay applications by foreigners from third countries."The immigration police have managed the stay in Romania of over 137,500 people, of whom 84,228 third-country nationals - most of them hailing from Moldova, Turkey, China - and 53,331 EU/EEA/CH nationals, ...

Hearings of ministers in the Orban Cabinet II : Florin Citu, Costel Alexe, Marcel Vela - rejected

Tuesday, February 18, 2020

The first minister in the Orban Cabinet II who got a favorable opinion by the joint special committees was Defence minister Nicolae Ciuca. 12 MPs voted for Ciuca, three against, while PSD abstained from voting. Florin Citu,proposed for the Finance portfolio again, has got a negative opinion. 18 lawmakers voted in favor, while other 18 against. The minister proposed for Environment, Costel Alexe, was also rejected by the special ...

Interim PM Orban met EC Vice President Jourova - swift lift of CVM on agenda

Tuesday, February 18, 2020

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Interim Prime Minister Ludovic Orban has evoked the priority granted by the Government in Bucharest to the swift lift of the Co-operation and Verification Mechanism (CVM) within a meeting with Vice President of the European Commission for Values and Transparency Vera Jourova. The meeting took place on Sunday, on the sidelines of the Munich Security Conference.According to a Gov't release sent on Monday, the PM voiced Executive's commitment to implement the ...

PM Orban stressed in Munich full legitimacy of Romania's aspirations for joining the Schengen area

Tuesday, February 18, 2020

Prime Minister Ludovic Orban stressed, in Munich, the full legitimacy of Romania's aspirations for joining the Schengen area, given that our country has long met the technical criteria in this regard.The Romanian prime minister participated as a guest of honor on Sunday in the panel discussion "Eurovision Contest: A Europe That Protects", within the Munich Security Conference.According to a Government press release, Ludovic Orban pointed out that restoring ...

Slovak Minister of Foreign Affairs Miroslav Lajcak starts an official visit to Bucharest

Tuesday, February 18, 2020

The Minister of Foreign and European Affairs of the Slovak Republic, Miroslav Lajcak, is paying an official visit to Romania. On Tuesday, the Slovak official will hold political consultations with the head of the Romanian diplomacy, Bogdan Aurescu."The visit of the Slovak high official is part of the joint efforts to strengthen bilateral relations, at an excellent level and aims to promote cooperation in areas of common interest, as well as an exchange of views on ...

În Brussels. Ciolacu met Frans Timmermans, Serghei Stanishev...

Tuesday, February 18, 2020

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At the meetings this Monday with European Commission Executive Vice-President Frans Timmermans, and with President of the Party of European Socialists, Sergei Stanishev, acting Chairman of the Social Democratic Party (PSD) Marcel Ciolacu said that he clarified the issues of the past and that the two European officials assured him of their support for PSD and for the party's efforts.Ciolacu, who is on a working visit to Brussels, wrote on Facebook that the new ...

Share trading worth 105 mln lei, carried out at Bucharest Stock Exchange last week

Tuesday, February 18, 2020

Over 8,800 transactions with shares totaling 105 million lei were performed this week on the Bucharest Stock Exchange (BVB), this being last month's second lowest trading value, according to the statistics released on its website.The best trading day was Friday, February 14, when share trading worth 26.487 million lei was conducted and the weakest was Monday, February 10, with a turnover of only 15.434 million lei.On the main segment of BVB, ...

Small businesses' umbrella organisation opposes differentiated national minimum wage

Tuesday, February 18, 2020

The National Council of Small and Medium-sized Private Enterprises (CNIPMMR) does not support the differentiation of the national minimum wage and calls on the Chamber of Deputies, as the decision-making body, to reject this bill on grounds of unconstitutionality, but also because no study has been carried out to document its impact on SMEs."This law introduces several minimum national gross wages. The Council does not back the differentiation of the minimum wage ...

The Romanian market of consultancy services în management is estimated at 250 million euro

Tuesday, February 18, 2020

The Romanian market for consultancy services in management is estimated at present at 250 million euro, at half of the market in Poland and it is expected to grow by almost 10% this year, with a concentration even bigger in the area of digitization and e-learning, stated for News.ro Kurt Weber, the general manager of the consultancy company Horvath&Partners Romania. In 2019, the market grew, the main factor being the growth period through which the ...

Happiness Survey: 69% Romanian office workers have a happy relationship with their workplace

Tuesday, February 18, 2020

The Happiness Survey, conducted in 2019 by Mindspace, the boutique coworking provider for teams of all sizes, reveals the qualities a workplace should have for Romanians to fall in love with it. According to the study, 69% Romanian office workers have a happy relationship with their workplace and have positive feelings about it: 9% say that they love going to their jobs and 60% that they like it. However, for the rest of them, the relationship is not ...

Analysis: Over 10,000 young people chose to leave Romania permanently in 2018

Tuesday, February 18, 2020

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More than 10,000 young people aged between 15 and 34 left Romania permanently in 2018, most of them from Bucharest, reveal findings of a recent analysis carried out by INACO - the Competitiveness Initiative.The research published on Monday shows that seasonal travels for studies, work, etc. were not included for the group of young people who left Romania, but only definitive migrants aged between 15 and 34.Topping the ranking of places from where those ...

Wholesale trade turnover up 5.7pct in 2019

Tuesday, February 18, 2020

The wholesale trade turnover (except for trade in motor vehicles and motorcycles) increased in 2019, as gross series, by 5.7 percent compared to last year, according to the data released by the National Institute of Statistics (INS) on Monday.Between 1 January and 30 December 2019, the increase in the wholesale trade was due to the positive results recorded in the wholesale of household goods, other than food (+11.1 percent), the non-specialised wholesale (+10.2 ...

No more Romanians aboard Diamond Princess identified with coronavirus

Tuesday, February 18, 2020

No other Romanian has been identified with coronavirus among the people stuck on the Diamond Princess cruise ship quarantined in Yokohama since February 4, and the passengers will be free to leave the ship at the end of the quarantine period this Wednesday, on the basis of a medical certificate issued by the Japanese authorities, the Ministry of Foreign Affairs informed.Depending on developments on board the ship, the Romanian members of the crew could be ...

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