Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS



President Iohannis meets defence ministers of "Bucharest 9 Initiative" (B9)

Wednesday, March 14, 2018


Romania's President Klaus Iohannis on Tuesday welcomed at the Cotroceni Presidential Palace the defence ministers and heads of ministerial delegations from the nine member states on NATO's eastern flank, voicing conviction that the NATO summit this July will be a milestone in adjusting the Alliance for the current security challenges and threats.The meeting took place as part of a defence ministerial meeting of the Bucharest 9 (B9) Initiative format, hosted by ...

DefMin Fifor: 40 percent of last year's 2 percent Defence allocation directed to Army endowment spending

Wednesday, March 14, 2018


 Minister of National Defence Mihai Fifor said on Tuesday that this is the second year when Romania allocates 2 percent of GDP for Defence and of this amount, about 40 percent was spent last year for the Army's endowment.Romania is in the second consecutive year when 2 percent [of GDP] has been allocated to Defence; last year Romania spent about 40 percent of this 2 percent chunk alone for the Army's endowment. Technically, Romania meets all three NATO ...

Gov't creates Committee for implementation of objectives related to the Strategic Partnership with USA

Wednesday, March 14, 2018

The Government has announced the setting up of the inter-ministerial Committee for the implementation of the objectives related to the the Strategic Partnership with the USA and other Romania-USA bilateral projects, under the coordination of the Deputy Prime Minister Ana Birchall.The decision to create the inter-ministerial committee belonged to Prime Minister Viorica Dancila.This forum will carry out its activity under the coordination of Deputy PM Ana ...

PSD will promote law to sanction people denigrating Romania's image abroad

Wednesday, March 14, 2018

The Social Democratic Party (PSD) chair Liviu Dragnea says that PSD will promote a normative act under which people denigrating Romania's image abroad will be sanctioned.He said on Monday, in a Romania TV show, that the normative act "will not stop free speech", but will regulate the defamation of the country. "We have talked to more colleagues, and we have agreed to work on a law regulating or enabling the Romanian state, the country as a whole, to sanction this, ...

Inter-ministerial Committee for Economic Cooperation Projects with China has been set up

Wednesday, March 14, 2018

 The Inter-ministerial Committee for Economic Cooperation Projects with the People's Republic of China has been set up by a decision of Prime Minister Viorica Dancila, which was published on Monday in the Official Gazette.According to the decision of the Executive's head, this committee was set up considering the provisions of a memorandum approved by the Government on February 22. The Committee is headed by Deputy Prime Minister Viorel Stefan, as ...

IMF delegation met members of the Committee for budget to discuss budget deficit level, economic growth structure

Wednesday, March 14, 2018


The budget deficit level and economic growth structure were among the topics discussed by the members of the Committee for budget with the delegation of the International Monetary Fund (IMF), according to the head of this Committee, Marius-Constantin Budai."We had interesting discussions. They told us about their concerns. They also congratulated us for our economic growth. They asked us for more data and we did make these available for them, with figures, ...


Wednesday, March 14, 2018


Consumer prices were up 0.3% in February 2018 compared to January 2018. The average rate of consumer prices based on the CPI over the last 12 months (March 2017-February 2018) as compared to the previous 12 months (March 2016-February 2017) is 2.1%. The average rate based on the HICP is 1.6%. The annual inflation rate went up to 4.7 percent in February 2018, from 4.3 ...

Presidential Councillor: Sacrificing public investments involves middle and long term risks

Wednesday, March 14, 2018


The practice of inclusion within deficit targets by sacrificing public investments involves middle and long term risks, according to an analysis made by presidential councillor Cosmin Marinescu and presented on his personal blog. The present fiscal-budget tendencies affect the sustainability of public finance, especially in the situation of continuing procyclical policies and increasing expenses with permanent character, he ...

Euro trades at 4.6616 lei on Tuesday

Wednesday, March 14, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.66161 US dollar USD 3.77711 Swiss franc CHF 3.98711 British pound GBP 5.2488100 Japanese yen JPY 3.5247 1 Moldovan leu MDL 0.22801 Russian rouble RUB 0.06641 new Turkish lira TRY 0.97651 Chinese renminbi CNY ...

PwC CEO Survey 2018: 63% of the Romanian CEOs are very concerned with the lack of the infrastructure

Wednesday, March 14, 2018


The main concern of Romanian general managers is the lack of infrastructure, the lack of people on the workforce market and the increase in the fiscal burden, Ionut Simion, country managing partner, PwC Romania, told a conference of press."Compared to Central and Eastern Europe (CEE) and globally, in Romania, the main concern of general managers is related to lack of infrastructure, with 63% of the CEOs being very concerned with the lack of this infrastructure, ...

Study: Romanian employers estimate the lowest employment rate in last two years

Wednesday, March 14, 2018


About one out of four Romanian employers intend to increase the total number of employees over April and June and only 7% foresee personnel cuts, according to the latest editions of the study Manpower Group about perspectives of labour force employment. However, net employment provisions temporarily adjusted is +10%, the lowest in the last two years. “Employment prospects in the second semester of 2018 are more modest than in quarter I, 2018 by ...


Wednesday, March 14, 2018

In January 2018, the average gross nominal earnings were 4143 lei. The average net nominal earnings were 2484 lei, decreasing as against the previous month with 145 lei (-5.5%). The highest values of the average net nominal earnings were recorded in computer programming, consultancy and related activities, (including information service activities) (6120 lei), while ...

PMP's Basescu: Dragnea is not going to remain "in this job" by the general election in 2019

Tuesday, March 13, 2018

Former Romania's president Traian Basescu, a People's Movement Party (PMP) senator, told Sunday night to a broadcast at private B1 TV that the PSD (Social Democratic Party, main at rule, ed. n.) leader Liviu Dragnea should be "on high alert" by the votes collected on Saturday at the party's Congress by Ecaterina Andronescu and Nicolae Banicioiu, because the said votes show the existence of "an exploding vein". The PMP senator added that Liviu Dragnea is not ...

Catalin Ivan: the Pro Party Romania becomes a viable project after the  PSD congress

Tuesday, March 13, 2018

The MEP social-democrat (PSD) Catalin Ivan considers that  the Pro Party Romania becomes a viable project after the PSD congress saying that many of those discontented with Liviu Dragnea will go to the  organisation led by Victor Ponta. Catalin Ivan stated for News.ro that after the PSD congress his loyalty for this party becomes null, as the PSD is no longer a social-democrat party. ‘I and PSD do not share the ...

Meeting în Bucharest at foreign affairs ministers level of the Romania-Bulgaria-Greece Trilateral cooperation format

Tuesday, March 13, 2018


 Foreign Affairs Minister Teodor Melescanu stated on Monday, at the end of the meeting at foreign affairs ministers level of the Romania-Bulgaria-Greece Trilateral cooperation format, that this meeting represented an opportunity to assume the commitment regarding the strengthening of the European project."The discussions focused on a couple of elements relevant to us, the Western Balkans and the Eastern Neighbourhood, and we are to continue discussing at noon ...

A joint Romanian-Bulgarian government meeting to be held this year; inter-connectivity issue on agenda

Tuesday, March 13, 2018

Foreign Affairs Minister Teodor Melescanu announced on Monday that, a joint Romanian-Bulgarian government meeting will be held this year, with the inter-connectivity issue as one of the main topics."This year, a joint Romanian-Bulgarian government meeting will take place and the inter-connectivity issue will be one of the main topics, whether we are talking about bridges, hydroelectric power stations, highways (...) oil and gas pipelines and so on," the Romanian ...

JusMin Toader says that CSM prosecutors took instant decision în the Kovesi case

Tuesday, March 13, 2018

Justice Minister Tudorel Toader said on Monday that prosecutors in the Supreme Council of Magistrates (CSM) had taken a swift, "instant" decision when they denied his proposal for the dismissal of Chief Prosecutor with the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi, adding that the CSM prosecutors are now finding it hard to motivate "against evidence.""The prosecutors in the Supreme Council of Magistrates have taken an instant, quick decision ...

Ministry of Justice to send new documents to Serbia for extradition of former PSD MP Ghita

Tuesday, March 13, 2018

Minister Tudorel Toader on Monday announced that the Ministry of Justice will send, at the Serbian magistrates' request, a new set of documents regarding the extradition of the former social-democrat Member of Parliament Sebastian Ghita."The Serbian magistrates have demanded additional references regarding the nature, the contents, the criminal activity's modus operandi. The documents parked at the Ministry of Justice last week. The Ministry of Justice has asked ...

Good Friday is non-working legal holiday

Tuesday, March 13, 2018

President Klaus Iohannis has signed on Monday the decree to promulgate law on completing paragraph 1 of article 139 of Law 53/2003 – the Labour Code, the Presidency informs , romaniajournal.ro reads. The Chamber of Deputies approved on February 28 the draft bill providing that Good Friday will be non-working legal holiday. The initiative was filed by 42 senators and deputies and was adopted by the Senate as the first notified chamber. The Chamber ...

Vice chairman of the Academy: We need a country project, but we don’t have state people to put into practice

Tuesday, March 13, 2018


Acad.Bogdan Simionescu,vice-chairman of the Romanian Academy states that Romania needs a country project,but which cannot be put into practice due to the lack of state people. ‘I think we need a country project, but in order to have a country project to put into practice you need state people,whom I, personally do not know. I am sorry, I do not do politics.I don’t see them. I don’t see them. People who are able to explain, to conceive ...

Premium News


Wednesday, March 21, 2018

Financial & Banking

Monday, March 19, 2018


Tuesday, March 20, 2018


Wednesday, March 21, 2018

Energy & Environment

Thursday, March 15, 2018