Loading page...

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

Subscribe|Login

Daily

MApN's request for purchase of 200 PAC-2 GEM-T missiles of European production, approved by Government

Friday, November 24, 2023

   The Government approved on Thursday, through a memorandum, the request of the Ministry of National Defense towards the Romanian Parliament in regards to obtaining of prior approval for initiating the procedure for acquiring PAC-2 GEM-T missiles, in order to strengthen the air defense capability with the ground base related to the essential endowment program "High Range Surface-to-Air Missile System (HSAM)"."Through this memorandum, the ...

PM Ciolacu: Romania is not prepared for ECHR decision regarding same-sex couples

Friday, November 24, 2023

Prime minister Marcel Ciolacu said on Thursday that Romania is not prepared for the ECHR's decision regarding the legal status of same-sex couples.The PM was asked, in a show on Europa FM, what response our country will give, until March 25, to the proposals set in the ECHR decision regarding same-sex couples."Romanian society is not ready for a decision at this moment. It is neither the first [ECHR decision] nor the last to condemn. Romania was ...

Ciuca: If PNL asks me to do so, I will run for president

Friday, November 24, 2023

National Liberal Party (PNL – partner în ruling coalition) chairman Nicolae Ciuca said on Thursday, regarding his possible candidacy in the presidential elections, that if the PNL asks him to run he will not be able to refuse, since he asked the party to go to the elections on its own, adding that there is no decision on the matter yet."After our discussion in Sinaia, we clearly established that the National Liberal Party will have its own ...

Reuters: Romanian prosecutors ask to investigate former PM over vaccine contracts

Friday, November 24, 2023

 Romanian anti-corruption prosecutors asked parliament and the president on Thursday to allow a criminal investigation into former prime minister Florin Citu and two former ministers for suspected abuse of office concerning COVID-19 vaccine purchases, Reuters reports.   Citu, currently a senator of the ruling Liberal Party, led a centrist coalition government following a December 2020 general ...

Voiculescu: Anti-Covid vaccination was under PM, allocation of vaccines to EU states, by joint contract

Friday, November 24, 2023

  The former Minister of Health, Vlad Voiculescu, stated on Thursday that the anti-Covid vaccination was under the prime minister during the pandemic and he also made the decisions regarding the purchase of vaccines."On September 21, 2021, we said that an investigation into the purchase of vaccines in Romania is welcome. First of all, because a critical moment for Romania and public health has been turned into a show of political attacks in the ...

PM Ciolacu welcomes National Recovery, Resilience Plan amendment: Now we can apply new pension law

Friday, November 24, 2023

Prime Minister Marcel Ciolacu on Thursday congratulated the team involved in amending Romania's National Recovery and Resilience Plan (PNRR), saying that the "toxic" threshold of 9.4% of GDP regarding pensions has been eliminated."I know that many said that we would fail, but under this coordinated effort of the whole team, the right arguments and figures convinced the European Commission to accept the plan. The most important thing is that we managed to ...

PM Ciolacu: Next year budgetary impact of new pension law to be 26 billion RON

Friday, November 24, 2023

Prime Minister Marcel Ciolacu declared on Thursday that the budgetary impact, starting next year, of the new pension law will be 26 billion RON."13.8% is the inflation average. According to the law, you have to come with 13.8% on the contribution side, special pensions do not come here, on the contrary, what increases on the contribution side is reduced from the so-called special part. After this is applied, we are coming with the new law on general ...

Fitch Ratings: Romania Pension Law Could Pose Medium-Term Fiscal Risk

Friday, November 24, 2023

231124105625J2sWU3wHkKBAjW4oo2aW6qa1sOJYIRWfSOg__1_.jpg

 Romania’s new pension law could result in a less favourable sovereign debt trajectory and weaken fiscal credibility over the medium term if implemented as planned and without offsetting measures, Fitch Ratings says. The eventual impact will depend on the broader direction of fiscal policy, including efforts to exit the ongoing Excessive Deficit Procedure.The new law, which received parliamentary approval on 20 November, is intended to remove ...

PM Ciolacu : No tax increases or changes next year

Friday, November 24, 2023

 Prime Minister Marcel Ciolacu said Thursday that there will be no tax increases and changes next year, "something agreed in coalition," and stressed the need for tax reform, which must create a "fair" competitive environment."I think that was one of the most heated discussions when we took the tax measures, this 1% on turnover, which will certainly be one for 2024. Until we take on tax reform, I don't rule out any of the possibilities of having a flat ...

RON 13.6 bn Budget Reserve Fund allocation for education, health, social assistance benefits, pensions

Friday, November 24, 2023

The government has allocated RON 13.6 billion from the Budget Reserve Fund for education, health care, social assistance benefits and pensions, Finance Minister Marcel Bolos announced on Thursday, noting that this mechanism will be used until the end of the year for the appropriate control of state budget spending."The government has allocated RON 13.6 billion from the Budget Reserve Fund for important activities such as education, health care or social ...

Gov't increasing by RON 4bl guarantee cap under SMEs Invest state aid scheme

Friday, November 24, 2023

The government will approve an increase by RON 4 billion in the total guarantee cap under the SMEs Invest state aid scheme throughout December 31, 2023, Prime Minister Marcel Ciolacu said on Thursday."In terms of supporting the private sector, today we are increasing by 4 RON billion the total guarantee cap that can be granted under the SMEs Invest state aid scheme throughout December 31, 2023. The new cap secures access to the state aid for an additional ...

Crime prosecutors conducting some 200 searches of groups related to human trafficking, child pornography, cyber-crime

Friday, November 24, 2023

On Thursday, approximately 200 searches were carried out at criminal groups specialised in trafficking in persons and minors, child pornography, cyber-crime and drug trafficking, according to the Directorate for Investigation of Organised Crime and Terror (DIICOT).According to DIICOT, targetted are organised crime groups that operate both in Romania and in a cross-border context, which goals include the exploitation of vulnerable people, migrant trafficking, ...

Study: One in five Romanians pays YouTube Premium subscription

Friday, November 24, 2023

Nearly one third of Romanians (31%) prefer YouTube Premium as their choice of social networks, according to a survey published on Thursday.According to United Media Services, opinions on the usefulness of premium subscriptions are divided, with people rather believing that it is not worth paying for some premium benefits and features of the social media platforms they use. Thus, the vast majority (87%) of Facebook and/or Instagram users, for example, are not ...

Social Monitor: Romania has the lowest higher education rate in EU

Friday, November 24, 2023

The Social Monitor, a project of Friedrich-Ebert-Stiftung Romania, released a graph for the distribution of people according to the higher education rate in Romania compared to other EU states and at subnational level.   Romania has the lowest national higher education rate of EU27 states, according to official Eurostat data. Figures show that the situation is not better at subnational level: four out of ...

Discussions on Romanian-Czech relations, security situation, EU enlargement, addressed by ForMin, Czech Senate's head

Thursday, November 23, 2023

231123104924intrevederea_ministrului_afacerilor_externe_luminita_odobescu_cu_presedintele_senatului_republicii_cehe_milos_vystrcil_3.jpeg

Minister of Foreign Affairs Luminita Odobescu had a meeting on Wednesday at the Ministry of Foreign Affairs (MAE) headquarters with the President of the Senate of the Czech Republic, Milos Vystrcil, on a visit to Bucharest. The discussions focused on bilateral relations, Romania's accession to the Schengen area, the security situation and EU enlargement.According to a press release, Minister Luminita Odobescu underlined the good level of Romanian-Czech ...

President Klaus to be welcomed by Senegalese counterpart Macky Sall

Thursday, November 23, 2023

President Klaus Iohannis will be officially welcomed on Thursday by his Senegalese counterpart Macky Sall, in the context of the visit the Romanian head of state is paying to Senegal.According to the programme, Klaus Iohannis will be welcomed at 13.00 at the Presidential Palace, where there will be tete-a-tete and official talks, followed by a ceremony to sign bilateral documents.At the end, the two Presidents will hold joint press ...

Four Eurofighter fighter jets from Germany arrive in Romania to support air police mission

Thursday, November 23, 2023

Four Eurofighter fighter jets from Germany arrived in Romania on Wednesday to provide support for airspace surveillance since the end of November."Germany supports its NATO ally, Romania, in the surveillance of the airspace within the enhanced air policing mission Air Policing South (eAPS). Thus, this afternoon (Wednesday - ed.n), the Eurofighter fighter jets of the German Air Force arrived at the Mihail Kogalniceanu military base near Constanta," the German ...

DefMin: Republic of Moldova's accession to SEDM, a significan step for regional cohesion

Thursday, November 23, 2023

2311231050524_Ministrul_ap__r__rii_na__ionale__la_Reuniunea_SEDM.jpg

 The Republic of Moldova's joining the South-Eastern Europe Defence Ministerial (SEDM) as a full member represents a significant step for regional cohesion and security, Defence Minister Angel Tilvar said in Ankara, the host of the SEDM meeting."I am glad that our efforts to convince all SEDM members to vote for the Republic of Moldova's accession to this format were successful," Tilvar said, as cited in a Wednesday release of the National Defence ...

PNL's Ciuca: We do have disagreements in coalition, but they only help us take better decisions

Thursday, November 23, 2023

The President of the Senate, PNL (National Liberal Party -partner in ruling coalition) leader Nicolae Ciuca, on Wednesday stated that there are, indeed, some disagreements existing between PNL and PSD (Social Democratic Party) in the governing coalition, but that they only help the government take those better decisions that ensure the stability and balance of the country."We created this coalition between the centre-right PNL and the centre-left PSD because ...

EY Romania: Fair Minimum Wage, no concrete action to transpose EU regulations in Romania

Thursday, November 23, 2023

 The concrete actions carried out by the Romanian authorities to transpose the European directive on Fair Minimum Wage are failing to appear, say the EY Romania consultants."After more than a year since the adoption of the Directive by the European Commission and its entry into force, the concrete actions of the Romanian authorities in view of its transposition are failing to appear. Although this Directive appears in an annex published on September 13, ...

Premium News

Daily

Tuesday, December 5, 2023

Financial & Banking

Monday, December 4, 2023

Economic

Tuesday, December 5, 2023

Companies

Wednesday, November 29, 2023

Energy & Environment

Thursday, November 30, 2023