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Three-month interbank offered rate rises to 2.15 pct per year

Wednesday, October 21, 2020

Romania's three-month interbank offered rate ROBOR, which is used for pricing floating rate consumer loans in RON, has gone up on Tuesday from 2.15 pct per year, from 2.10 pct per year, the value on Monday, according to information published by the National Bank of Romania (BNR).At the start of 2019, the three-month ROBOR was 2.99 pct per year, and at the start of this year it stood at 3.19 pct. On October 19 last year it stood at 3.28 pct.The ...

Chiritoiu: Non-resident companies in Romania will be fined depending on turnover at global level

Wednesday, October 21, 2020

Non-resident companies in Romania will be fined depending on the turnover at a global level, once the Competition Law is amended, said Bogdan Chiritoiu, the head of the Competition Council.The Government approved last week Emergency Ordinance 170/2020 regarding the amendment of the Competition Law, which provides, among other things: "Contraventions under this definition will be punished with a fine that cannot exceed 10 pct of the total global turnover ...

Survey: Romanians most convinced EU citizens that community funds must observe rule of law

Wednesday, October 21, 2020

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Less than 82% of Romanians agree to the conditioning by EU of allocation of community funds to apply principles of the rule of law by national  governments, a proportion which ranks Romania 4th in EU from this point of view, according to a new survey ordered by the European Parliament whose results were published on Tuesday.   According to the survey made at the beginning of October 2020, aboutn 8n ...

Kazakhstan ranks 5th among EU states supplying goods to Romania

Wednesday, October 21, 2020

Kazakhstan ranked 5th among the non-EU countries supplying goods to Romania in the past seven months, which is exclusively due to the large crude oil quantities Romania imports from this country, processing them in refineries with Kazakh shareholders, the head of the Chamber of Commerce and Industry of Bucharest (CCIB), Costica Mustata, said in a press release sent on Monday ."The fact that, in the first seven months of this year, Kazakhstan maintained on ...

Survey: health services, air pollution and road infrastructure, the most important three urban issues

Wednesday, October 21, 2020

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Health services, air pollution and road infrastructure are the most important three urban issues, show a survey made by the ministry of public works, development and administration and World Bank, according to which in nine cities, the level of satisfaction surpasses 90% (Cluj-Napoca, Oradea, Alba Iulia, Brasov, Drobeta Turnu Severin, Timisoara, Sighisoara, Slatina and Iasi).   ‘Health services, air ...

Non-food retail, on brink of collapse, announces possible protests

Wednesday, October 21, 2020

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The situation of non-food retail stores continues to be extremely difficult, given that the support measures announced by the authorities have not appeared or exclude the activities of companies active in industry, announces the Retail Employers' Organization of Romania, RORETAIL, through a release sent on Tuesday.The representatives of the organization specify that the Government recently published Emergency Ordinance (GEO) 174/2020, which modifies GEO ...

President Iohannis: General election set according to law and will take place on December 6

Tuesday, October 20, 2020

President Klaus Iohannis said at the Cotroceni Presidential Palace on Monday that the general election would take place on the set date, namely December 6."The general election was set according to the law and will take place on December 6, and as far as the pandemic management is concerned, Parliament approved a special law, Law 55, which provides the complete catalogue of measures that can be taken, and the Government, alongside the local authorities, are ...

Iohannis: Romania's main goal is implementing interconnection strategic projects

Tuesday, October 20, 2020

President Klaus Iohannis participated on Monday in the Virtual Summit and the Web Forum of the Three Seas Initiative, organized in videoconference format."The Three Seas initiative will contribute in the post-pandemic period to the economic recovery, by developing connectivity among the states in our region. In fact, Romania's main objective is to implement strategic interconnection projects, an important step being the completion of the first phase of the ...

Three Seas Initiative Virtual Summit: ForMin Aurescu highlights Romania's commitment objectives

Tuesday, October 20, 2020

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Romania's Foreign Minister Bogdan Aurescu on Monday participated in a virtual Smart Money ministerial panel of the Web Forum held on the sidelines of the Three Seas Initiative Virtual Summit (I3M) organised by Estonia to highlight Romania's constant commitment to the objectives of the initiative and the active role the country will continue to play in the future development of I3M.According to a press statement released by Romania's Foreign Ministry (MAE), ...

DefMin Ciuca meets Polish ambassador; expresses willingness to collaborate on training, info exchange

Tuesday, October 20, 2020

Minister of National Defence Nicolae-Ionel Ciuca met on Monday with the new Ambassador of the Republic of Poland to Romania, Maciej Lang, at the Ministry of National Defence (MApN), and during the talks the Romanian official expressed the willingness to collaborate on the segment of "training, information exchange and technical discussions."According to a statement from the Ministry of National Defence, the two officials stressed the relevance of the ...

Parliament's committees for foreign affairs: green light to eight proposed ambassadors

Tuesday, October 20, 2020

The joint committees for foreign affairs and the committees for the Romanian communities abroad of the Senate and the Chamber of Deputies on Monday, following the respective hearings, issued their favourable opinions for the eight persons proposed to become ambassadors abroad.The proposed ambassadors are Simona-Mirela Miculescu, proposed as ambassador to Paris - UNESCO; Antoaneta-Maria Barta - who was proposed for the Czech Republic; Cristina Romila - ...

Two health experts during the COVID-19 pandemic join race for a seat in the Parliament on the list of PSD

Tuesday, October 20, 2020

Two of the most visible and highly cited health specialists în Romania during the COVID-19 pandemic have decided to run for a seat in the Parliament, on the lists of the Social Democratic Party (PSD). They are Alexandru Rafila, the president of the Romanian Society of Microbiology and Romania’s representative at the World Health Organization, and doctor Adrian Streinu-Cercel, the manager of the Matei Bals Institute of Infectious Diseases in ...

SARS-CoV-2 case count rises by 2,466 to 182,854; death toll reaches 5,931

Tuesday, October 20, 2020

As many as 2,466 new cases of people infected with SARS-CoV-2 in Romania were recorded from the previous reporting following 8,040 tests nationwide, the Strategic Communication Group (GCS), the novel coronavirus communication task force reported on Monday. These are cases of patients that had not previously tested positive.As of Monday, 182,854 cases of people infected with the novel coronavirus have been confirmed in Romania. A number of 132,082 people were ...

Bucharest adopts the Red Scenario: Schools go online, restaurants, cinemas closed, facemasks in all public paces

Tuesday, October 20, 2020

Bucharest Municipal Council for Emergency Situations has decided on Monday afternoon that the Capital should enter the red scenario, with schools going online and several venues, such as restaurants, cafes, cinema halls and theatres, as well as gambling halls being closed for the upcoming two weeks.   At the same time, people in Bucharest must wear face masks in all public indoor and outdoor spaces as a ...

Antibiotice wins EU tender to deliver drugs for treatment of Covid-19-linked infections

Tuesday, October 20, 2020

State-controlled drug maker Antibiotice [BSE:ATB] said it won a tender held by the European Commission for providing the necessary stocks of antibiotics for the treatment of Covid-19 associated infections during the second wave of the pandemic, ...

EBRD: Meet the Romanian robot which kills the coronavirus with UV light

Tuesday, October 20, 2020

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* EBRD and EU help start-up accelerate robot production   An autonomous robot called Victor, which kills pathogenic microorganisms ...

President Iohannis: Everyone expects Romania to be responsible when it comes to its budget

Tuesday, October 20, 2020

President Klaus Iohannis stated on Monday at the Cotroceni Palace that everyone expects from Romania to remain responsible in managing its budget, pointing out that, if this does not happen, our country will enter a special procedure involving a declining rating."Yes, there is a risk. Everyone expects from Romania to take measures that are, obviously, precautionary. So, they expect us to be responsible in managing our budget, given that the economic crisis ...

Minister of finances: there follow tough discussions with the rating agencies and the European Commission

Tuesday, October 20, 2020

The minister of public finances,Florin Citu, announced very tough discussions with the rating agencies in the period to come and proposed the leader PSD, Marcel Ciolacu, to take part in these discussions and present his plans for the next period. ‘I invite you to take part together with me to these discussions with the European Commission, with the commissionaire for budget, the commissionaire for economy and the rating ...

Scope Ratings: CEE economies to shrink less severely than expected in 2020

Tuesday, October 20, 2020

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The economies of Central and Eastern Europe (CEE) will contract in 2020 somewhat less severely than expected earlier this year, but output will return to pre-pandemic levels in most countries only after 2021, Berlin-based Scope Ratings said on Monday.   This year’s slump in gross domestic product (GDP) in CEE may not be as bad as it looked several months ago due to less severe declines în ...

Dacia confirms its first electric car will be made in China

Tuesday, October 20, 2020

Romanian carmaker Dacia, owned by the French Renault group, confirmed that its first electric model would be produced in China.Renault will produce the new model in a facility in Shiyan, Hubei. The factory is owned by eGT New Energy Automotive, a joint venture between Dongfeng, Renault, and Nissan. It's the same factory where the group produces the small Renault K-ZE SUV model, which has much in common with ...

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