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Euro trades at 4.6338 lei on Wednesday

Thursday, May 17, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Wednesday by the banks authorized to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.63381 US dollar USD 3.92511 Swiss franc CHF 3.92331 British pound GBP 5.2897100 Japanese yen JPY 3.5631 1 Moldovan leu MDL 0.23491 Russian rouble RUB 0.06271 new Turkish lira TRY 0.87241 Chinese renminbi ...

BSDA is Romania's solely exhibition certified by US Department of Commerce, Ambassador Klemm says

Thursday, May 17, 2018

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Ambassador of the US to Romania Hans Klemm delivered a message on Wednesday at the opening of the BLACK SEA DEFENCE & AEROSPACE 2018 (BSDA 2018), mentioning that is is the only international exhibition certified by the US Department of Commerce, an aspect which shows the quality of the attendees and participating companies.The Ambassador, who participated in the official opening of the 7th edition of the international exhibition of aerospace, defence, national ...

Raytheon official: Romania to get the latest Patriot configuration, also used by the US Army

Thursday, May 17, 2018

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Raytheon US company will deliver the latest configuration of Patriot defense system to Romania, which is also used by the U.S. Army, while Romanian experts will have the chance to contribute to the system’s optimization and modernization in the near future, the Raytheon country manager, Mike Ellison has announced in Bucharest on Wednesday, within a press conference occasioned by the BSDA exhibition. Defence Minister Mihai Fifor and US Ambassador Hans Klemm attended the ...

Transelectrica launches Resita – Pancevo power line, following a RON 80 M investment

Thursday, May 17, 2018

National Power Grid Company Transelectrica has inaugurated the 400 kV power line of interconnection between Resita (Romania) and Pancevo (Serbia), an investment of RON 81.5 million, a press release informs, romaniajournal.ro reads. The company points out the investment is made entirely by Romanian companies, from the designer to the contractor and the consultant. The 400 kV Resita-Pancevo is a project of common interest at ...

President Iohannis to attend in Sofia European Council informal meeting, EU-Western Balkans Summit

Wednesday, May 16, 2018

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President Klaus Iohannis will attend Wednesday and Thursday in Sofia the informal meeting of the European Council and the EU-Western Balkans Summit, the Presidential Administration said in a release.The agenda of the EU leaders' informal meeting on Wednesday includes subjects related to the digital market, research and innovation. Against the backdrop of the recent international developments, talks will also approach the situation after the withdrawal of the US ...

President Iohannis had talks with Prime Minister Viorica Dancila regarding national foreign policy

Wednesday, May 16, 2018

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President Klaus Iohannis on Tuesday had talks with Prime Minister Viorica Dancila where he underscored that it is imperative that Romania's foreign policy be done only in the country's interest and that internal tensions should cease immediately, calling for loyal and fair institutional co-operation."During the talks, President Klaus Iohannis underscored that it is imperative that Romania's foreign policy be done only in the interest of Romania and that domestic ...

Angela Cristea: I'm worried fault lines in Romanian society seem to be getting deeper

Wednesday, May 16, 2018

Angela Cristea, head of the European Commission Representation in Romania, said on Tuesday that she is worried that "the fault line in the Romanian society" seems to be "getting even deeper.""We do not live the simplest, the easiest of times, and what is worrying me is that it seems that this fault line in Romanian society is getting deeper. There is a tendency to see things in black and white - we and the others, ours and theirs. That is all the sadder as we are ...

SAR ANNUAL POLICY AND FORECAST REPORT 2018: 12 YEARS IN THE EU. EVOLUTION OR INVOLUTION?

Wednesday, May 16, 2018

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In 2018, Romania’s GDP per capita will exceed 10,000 USD for the first time ever, marking Romania’s emergence as a medium-income economy. If we look at the raw data in terms of real income, Romanians now have twice the disposable income they had in 2000, when their country was invited to join the European Union (EU). Despite this change in income, and despite all the broader social, institutional and economic changes EU membership has brought, Romania failed to ...

Romania, interested to strengthen cooperation between Romanian, Greek naval forces

Wednesday, May 16, 2018

Minister of National Defence Mihai Fifor visited the Salamina Fleet Command on Tuesday, where he was presented the training facilities of the Hellenic Naval Forces, such as the Crew School, the training submarine simulator, the equipment and technical equipment of the Hellenic marines.According to a press release issued by the Romanian Defence Ministry (MApN) on Tuesday, during the discussions with Salamina Naval Base's commanders, the Minister of National Defense ...

DNA prosecutors ask for jail sentence for PSD's Liviu Dragnea

Wednesday, May 16, 2018

In the court appearance this Tuesday, the anti-corruption prosecutors demanded prison time for the defendants in the DGASPC Teleorman case where PSD leader Liviu Dragnea is charged with incitement to abuse of office and forgery in his then capacity as head of the Teleorman County Council.For Liviu Dragnea, the session prosecutor requested a medium-length sentence of seven and a half years. According to DNA, Dragnea intervened for two employees to be maintained on ...

Eurostat: Romania, in top 5 highest growths in the EU in Q1

Wednesday, May 16, 2018

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Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the first quarter of 2018, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2017, GDP had grown by 0.7% in the euro area and by 0.6% in the EU28. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.5% in the euro area and by ...

Statistics: Romania's economy advances 4pct in Q1 2018

Wednesday, May 16, 2018

The Romanian economy advanced 4 percent in the first quarter of 2018 in unadjusted terms and 4.2 percent when seasonally adjusted, as against the same period of 2017, according to first estimates released on Tuesday by the National Institute of Statistics (INS).Romania's Q1 2018 Gross Domestic Product (GDP) in real terms was at the same level as in the fourth quarter of 2017. "As against the same quarter of 2017, the GDP grew by 4 percent in unadjusted terms and ...

Euro trades at 4.6283 lei on Tuesday

Wednesday, May 16, 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 4.62831 US dollar USD 3.87971 Swiss franc CHF 3.88001 British pound GBP 5.2609100 Japanese yen JPY 3.5305 1 Moldovan leu MDL 0.23341 Russian rouble RUB 0.06271 new Turkish lira TRY 0.88641 Chinese ...

AmCham Romania calls for preservation of Private Pensions Pillar II

Wednesday, May 16, 2018

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The American Chamber of Commerce in Romania (AmCham Romania) expresses its support for preserving the current private pensions framework, that proved a fundamental prerequisite for improving the living standards of the future Romanian retirees, according to a release sent on Tuesday."On behalf of its over 430 members, US, international and Romanian companies that ensure through their operations the income for over 250,000 Romanian employees and their families, the ...

EY Romania: Companies more rigorously approach waste reuse after control tightening

Wednesday, May 16, 2018

Tighter controls compel businesses to a more rigorous approach to waste reuse, a process requiring consistent coordination, considers Raul Pop, senior manager with EY Romania's Climate change and Sustainability Service. "In an exceptional move, the visibility of packaging waste reuse has significantly increased in the past three years. (...) Some companies, mainly those engaged in technical talks with central authorities - operating in the food industry, the ...

Wholesale turnover up 6.8pct as gross series, in Q1 of 2018

Wednesday, May 16, 2018

As against the previous month, in March 2018 the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in nominal terms, increased both as gross series by 24.1% and as adjusted series according to the number of working days and to seasonality by 0.8%. As against the corresponding month of the previous year, the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in ...

PM Dancila accepted to go to Cotroceni Palace on Tuesday to talk with President Iohannis

Tuesday, May 15, 2018

Prime minister Viorica Dancila will say yes to the invitation of President Klaus Iohannis to have a talk on Tuesday on foreign policy matters, at Cotroceni Presidential Palace, government sources confirm.President Klaus Iohannis invited Prime Minister Viorica Dancila, on Tuesday, at Cotroceni Presidential Palace, for consultations, in order to clarify aspects concerning the foreign policy, the Presidential Administration previously informed. "Esteemed Mrs. Prime ...

PM Dancila, PSD's Dragnea reaction on Pope Francis's visit to Romania

Tuesday, May 15, 2018

The visit of Pope Francis to Romania is not carried out for the Premier or for the President, but for the Romanians, Prime minister Viorica Dancila said on Monday at the end of the sitting of the Social Democratic Party (PSD)'s National Standing Bureau."I'm a responsible person. I said His Holiness Pope Francis will come to Romania next year. I was very clear in what I said. Firstly, I want to clarify one thing: His Holiness' visit is neither carried out for the ...

DefMin Fifor is in official visit to Greece on Monday and Tuesday

Tuesday, May 15, 2018

National Defence Minister Mihai Fifor will pay an official visit to the Hellenic Republic on Monday and Tuesday, at the invitation extended by his Greek counterpart Panos Kammenos, a release of the National Defence Ministry (MApN) informs.According to the quoted source, the agenda of talks includes topics regarding the co-operation in the defence area, both in a bilateral context and inside NATO and the European Union, as well as aspects aiming at the security ...

Orban discussed with Angela Merkel about the evolution of the observance of the rule of law in Romania

Tuesday, May 15, 2018

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The liberal (PNL – opposition) chairman Ludovic Orban discussed in a meeting he had on Monday in Berlin with the German chancellor Angela Merkel about the evolution of the rule of law in Romania as well as about the strategy of the European People’s Party (PPE) for the elections in the European Parliament next  year,the party announced. ‘During the meeting the chairman of the Christian –Democrat Union (CDU) the German ...

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