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BVB: Romanian companies eye double growth compared to US, European companies Jan-Sep

Friday, October 8, 2021


 The Romanian capital market grew in the first nine months by 29% in terms of the BET index and by 35.6% in terms of the BET-TR index, which also includes dividends, according to a press release of the Bucharest Stock Exchange (BVB) submitted on Thursday.The US S&P 500 index rose 14.7% over the same period, and the European STOXX600 rose 14%.At the same time, the value of transactions with all types of financial instruments listed on the ...

KPMG launches multi-year program to accelerate global solutions for Environmental, Social and Governance issues

Friday, October 8, 2021

KPMG Regional ESG Hubs to be established in Europe, Asia-Pacific and the Americas to support clients on their ESG journey KPMG Emerging Markets Accelerators to deliver region-specific support and financing expertise to help developing nations  Collaborations with University of Cambridge Judge Business School and New York University (NYU) Stern School of ...

Romania's Pavilion at Expo 2020 Dubai hosts seminar dedicated to conventional and alternative energy sources

Friday, October 8, 2021


 Romania's pavilion at Expo 2020 Dubai hosted on Wednesday the seminar "The Future of Energy, Bringing Together Conventional and Alternative Sources", which is intended to promote the exchange of best practices as a platform for the identification of sustainable energy solutions.On this occasion, Secretary of State with the Energy Ministry Akos Derzsi, as keynote speaker, said that the event organized by the Romanian Pavilion is a good opportunity for ...

President Iohannis: This interim Government to remain in office until new solution is found

Thursday, October 7, 2021

President Klaus Iohannis said on Wednesday that the interim government will remain in office until a solution is found and voiced his skepticism that a solution would take form in the first round of consultations with the parties and parliamentary formations.He was asked what solutions he sees to the current crisis - minority government, technocratic government or early elections."These very solutions will have to be resulted from the ...

PNL's Orban: Ongoing political and governmental crisis is a national emergency

Thursday, October 7, 2021

Former national leader of the National Liberal Party (PNL), major at rule, Ludovic Orban said on Wednesday that settling the ongoing political and governmental crisis is a national emergency that has to happen immediately, with the option of rebuilding the coalition around PNL jointly with the Save Romania Union - Freedom, Unity, and Solidarity Party (USR PLUS) alliance, the Hungarian Democratic Union of Romania (UDMR), and the group of national minority ...

The way the parties place themselves in the political crisis started by the dismissal of the Citu government

Thursday, October 7, 2021


The parties in the parliament have one week at their disposal to establish their mandate with whom they want to go the Cotroceni Palace, for consultations which should offer a new proposal for premier on the part of president Klaus Iohannis. In the meanwhile, the parties do not hurry to summon their statuary forums, as the head of state asked and wait to see what position each of them decides to ...

Dacian Ciolos resigned from the leadership of the Renew Europe group in the European Parliament

Thursday, October 7, 2021

Dacian Ciolos announces at RFI that he presented his resignation from the position of leader of the group Renew Europe in the European Parliament, in order to concentrate on his mandate as leader of the USR, obtained during the recent congress of the party.    " ‘This is exactly the reason I was absent on Monday, as I was in Strasbourg, I had a meeting with the ...

INSCOP Poll: AUR rises to 17.1% and doubles its electoral score

Thursday, October 7, 2021

The political crisis prompted by USR leaving the ruling coalition Cabinet in early last month has brought AUR to a score of 17.1% at the end of September, according to the latest INSCOP poll. PSD is also on the rise, with 35.4%. On the opposite side, USR is on decline, climbing down to 9.8%, the same as PNL, which went to 21.9%.   „We find that AUR has doubled its score compared to the elections of ...

Minister Aurescu talks with OECD Secretary General about Romania's efforts to join the organization

Thursday, October 7, 2021


The Minister of Foreign Affairs, Bogdan Aurescu, had a meeting on Wednesday with the Secretary General of the Organization for Economic Co-operation and Development (OECD), Mathias Cormann, during which he reiterated the "solid" profile of the candidacy of Romania, the involvement of our country as a partner with similar visions in activities and projects of common interest with the OECD, as well as the added value of the Romanian expertise within the organization, ...

Ambassador Stanescu: Bilateral economic exchanges with Germany could exceed 33 billion EUR this year

Thursday, October 7, 2021

Bilateral economic exchanges with Germany have continued to recover visibly after a relative stagnation in 2020 and could exceed 33 billion EUR this year, Romania's ambassador to the Federal Republic of Germany, Adriana-Loreta Stanescu, said on Tuesday at an event organized by AHK Romania."Germany is the first and by far the largest trading partner of Romania, the bilateral trade representing over one fifth of the total external trade of Romania. Bilateral ...

CNSU approved the proposal to extend the alert by 30 days, starting with October 10

Thursday, October 7, 2021


The National Committee for Emergency Situations (CNSU) adopted, on Wednesday, Decision no. 80 which proposes the extension of the state of alert on the entire national territory, for a period of 30 days, starting October 10, 2021.According to a press release of the Government, Decision no. 80 also provides for the measures necessary to be applied in order to prevent and combat the effects of the COVID-19 pandemic, while maintaining the measures adopted in ...

Ombudsman: Suspension of hospitalizations for surgery would have 'disastrous' consequences for patients

Thursday, October 7, 2021

   The Ombudsman drew attention, on Wednesday, to the "disastrous" consequences that the suspension of hospitalizations for non-emergency surgeries could have on patients.The Ombudsman announced on Wednesday, in a release sent on Tuesday, that it self-notified, in the context of the statements of the Head of the Department for Emergency Situations, Raed Arafat, who informed that, due to the increase in COVID-19 cases, public health unit ...

Citu: We decided that PNL, Government support the capping of energy prices in Romania

Thursday, October 7, 2021

The ousted Prime Minister Florin Citu declared that the PNL and the Government support the capping of energy prices in Romania, and a decision in this regard would be taken in the first meeting of the Executive, after resolving the political crisis."Regarding the energy price, we also saw the evolution of prices in the last period and we took the decision that the PNL and the Government support the capping of energy prices in Romania. It will be a decision ...

CCIR calls relationship with US priority from many points of view

Thursday, October 7, 2021

Relationship with the US is a priority with CCIR from many points of view, as the US is the country with the highest density of multinationals, which offers investors a huge potential to penetrate other markets, according to Chairman of the Romanian Chamber of Commerce and Industry (CCIR) Mihai Daraban.In a press statement released on Wednesday, Daraban is said to have welcomed a delegation of the US state of Arizona House of Representatives to identify ...

Over 22,250 job openings available in Romania nationwide

Thursday, October 7, 2021


 Romania's National Employment Agency (ANOFM) has 22,257 job openings nationwide, most of them for salespersons.Of the 22,257 vacancies advertised by employers, 1,664 are for people with a higher education background, 6,063 for people with a high school or post-high school education background, 5,939 for people with a vocational education background, while the remaining 8,591 openings are for people without formal education or with a primary /secondary ...

Retail turnover goes up by 12.4% during first eight months

Thursday, October 7, 2021

The turnover volume in the retail sector (with the exception of motor vehicles and motorcycles commerce) has gone up during the first 8 months of this year, when comparing with the similar period of 2020, for both gross series by 12.4%, as well as adjusted series, based on the number of working days and seasonality, by 11.2%, according to the data shown by the National Institute of Statistics (INS).Thus, retail turnover volume (with the exception of motor ...

PSD motion of censure succeeds, Citu gov't dismissed

Wednesday, October 6, 2021

Parliament on Tuesday passed a motion of censure initiated by the opposition Social Democratic Party (PSD).The vote was 281 to nil out of 281 cast. 318 lawmakers were in attendance. The lawmakers of the National Liberal Party (PNL), Hungarian Democratic Union of Romania (UDMR) and of the national minorities did not vote.It would have taken 234 ayes for the motion to succeed."Parliament is hereby voting for the motion of censure thus ...

President Iohannis to call parliamentary parties for consultations next week

Wednesday, October 6, 2021


President Klaus Iohannis announced on Tuesday that he will call parliamentary parties and formations for consultations next week, after a motion of censure initiated by the Social Democratic Party (PSD) against the Citu government cleared Parliament the same day."The current situation requires a solution. We have to find a solution, Romania has to be governed. The pandemic, the electricity price crisis, winter is coming, all this must be solved by someone. ...

USR PLUS urges President Iohannis not to stall for time and mediate crisis

Wednesday, October 6, 2021

 The USR PLUS National Bureau said on Tuesday that it had taken note with "unpleasant surprise" of the fact that President Klaus Iohannis was "in no hurry" to hold consultations with parliamentary parties and urged the head of state ''not to stall for time.""The USR National Bureau took note with unpleasant surprise that President Klaus Iohannis allowed the hasty, chaotic and ill-conceived actions of former Prime Minister Florin Citu to remove USR from ...

PNL determined to pick Florin Citu for prime minister again

Wednesday, October 6, 2021

National Liberal Party (PNL) First Deputy Chairman Lucian Bode said on Tuesday that the Liberals are determined to go to consultations with President Iohannis with the proposal that Florin Citu be prime minister again."We will go to consultations as announced by the President of Romania, Mr Klaus Iohannis. PNL has a very clear decision: the Executive Bureau proposes to the National Bureau that the national chairman of PNL, Florin Citu, be our pick for prime ...

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