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Romania is interested to develop cooperation with the Republic of Moldova, Georgia and Ukraine

Tuesday, May 15, 2018

The state secretary in the ministry of foreign affairs Dan Neculaescu had a meeting with the deputy  Assistant for European and EuroAsia affairs of the US state secretary Elisabeth Millard on the occasion of the visit of the American official in Romania . According to a MAE press release,the two officials had an exchange of opinion with regard to cooperation with the Republic of Moldova,Georgia,Ukraine,as well as with the states of Central ...

JusMin Toader: Romanian legislation is not being drafted by GRECO

Tuesday, May 15, 2018

Romania's Justice Minister Tudorel Toader said on Monday that Romanian legislation is not being drafted by Council of Europe's Group of States against Corruption (GRECO), which only makes recommendations on standards and trends."These are recommendations. Never in the Romanian language was a recommendation ever mandatory; we are talking about recommendations in the preliminary procedure. We are at the stage where the laws are being discussed and they show us the ...

PSD's Dragnea announces state aid scheme talks as of this week with Romanian, foreign companies

Tuesday, May 15, 2018

Social Democrat leader Liviu Dragnea announced on Monday that the ruling coalition will start this week talks with foreign and Romanian companies on the measures envisaged by the government as regards state aid schemes."At the meeting of the party's National Standing Bureau we discussed some important subjects. Mrs. Prime Minister gave a briefing on the state aid scheme. Meetings will start this week - and the dedicated time span will not be uselessly stretched ...

Current account deficit up to 967 million euros, in Q1

Tuesday, May 15, 2018

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The current account balance of payments recorded a deficit of 967 million euros in the first months of 2018, an increase by more than 25 per cent compared with the same period of 2017, reads a press release of the National Bank of Romania (BNR) on Monday.The current account deficit accounted for 770 million euros in the same period last year.According to the same source, the goods balance saw a 460-million euros higher deficit, with the services ...

Inflation advances to 5.2pct in Romania în April 2018

Tuesday, May 15, 2018

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Monthly inflation in Romania advanced to 5.2 percent in March 2018, from 5 percent the month before, on a 7.2-percent increase in prices for non-food goods, a 4-percent increase in food prices and a 2.83-percent increase in services fees.A higher annual inflation rate was recorded in June 2013, when consumer prices rose by 5.37 percent."Consumer prices in April 2018 increased by 5.2 percent as against April 2017. The annual inflation rate based on the ...

Euro trades at 4.6289 lei on Monday

Tuesday, May 15, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.62891 US dollar USD 3.86401 Swiss franc CHF 3.86431 British pound GBP 5.2482100 Japanese yen JPY 3.5264 1 Moldovan leu MDL 0.23401 Russian rouble RUB 0.06261 new Turkish lira TRY 0.89401 Chinese renminbi CNY ...

Foreign direct investments up 21.2pct in Q1 of 2018

Tuesday, May 15, 2018

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Foreign direct investments increased by 21.2 percent in the first three months of this year to 1.378 billion euro compared to the similar period of 2017, according to data published on Friday by the National Bank of Romania (BNR)."The direct investments of non-residents in Romania totaled 1,378 million euro (as against 1,137 million euro between January- March 2017), of which equity participations (including the estimated reinvested net profit) amounted to 1,606 ...

CFA Romania forecasts slightly better economic prospects

Tuesday, May 15, 2018

The Macroeconomic Confidence Indicator of CFA Romania slightly grew in April, by 1.9 points, up to 49.5 points, compared with the previous month, although it dropped 11.3 points compared with the same month last year, a release of the association of professionals in investments informed on Monday.According to this source, the evolution was due to both components of the Indicator. Thus, in April 2018, the current conditions indicator increased by 2.2 points against ...

EU Commissioner Corina Cretu sends critical letter to Transport Ministry about delays on infrastructure projects

Tuesday, May 15, 2018

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The EU Commissioner for Regional Policy Corina Cretu has sent a letter to the Transport Ministry in which she expresses worry about the current status of infrastructure projects relying on EU funds, as many of them are delayed significantly and some may even risk being blocked as a result, business-review.eu informs. The letter was written at the end of April, but the government did not publish it until now, according to Lucian Bode, MP from the ...

CONSTRUCTION WORKS increased in March 2018 by 20.9%

Tuesday, May 15, 2018

Compared to previous month, the volume of construction works increased, as unadjusted series, increased in March 2018 by 20.9% and, as adjusted series according to the number of working days and to seasonality, it decreased by 9.2%. Compared to the corresponding month of previous year, the volume of construction works decreased, both as unadjusted series, by 11.9%, and as adjusted series according to the number of ...

Representative of Romanian Embassy not invited  in the official opening of the United States Embassy to Israel

Monday, May 14, 2018

A representative of the Romanian Embassy to Israel  participated on Sunday in the reception organised by the Israeli Ministry of Foreign Affairs, informs the Romanian Foreign Affairs Ministry (MAE), adding that they have not received an invitation to participate in the official opening of the United States Embassy to Israel."A representative of the Romanian Embassy to Israel will participate in the reception organised today, 13 may 2018, by the Israeli ...

MAE: EU statement opposing embassies' move to Jerusalem lacks equilibrium

Monday, May 14, 2018

The Ministry of Foreign Affairs on Saturday appreciated that the text of the European External Action Service saying European diplomatic offices in Israel shouldn't move to Jerusalem lacks equilibrium. "Considering the very complicated regional context and after a complex analysis of the text proposed to the member states of the European External Action Service for approval, MAE believes that the text lacks equilibrium, for it emphasis a single element, which ...

PA blasts Hungary, Romania and Czechs for blocking EU censure of US embassy move

Monday, May 14, 2018

* Palestinians accuse countries of violating international law, say their ties with Arab and Islamic worlds will suffer, timesofisrael.com reads The Palestinian Authority’s Foreign Ministry on Saturday accused Hungary, Romania, and the Czech Republic of violating international law, after a ...

Reuters: Thousands of Romanians protest against ruling coalition

Monday, May 14, 2018

Thousands of Romanians protested outside government headquarters in the capital Bucharest on Saturday against the ruling Social Democrats and their attempts to weaken the independence of the judiciary. The Social Democrats and their coalition partner ALDE used their majority to push a judicial overhaul through parliament in December, despite criticism from the European Commission, the United States, thousands of magistrates and centrist ...

GRECO: Our recommendations to Romania are not optional

Monday, May 14, 2018

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The Council of Europe’s anticorruption body GRECO said on Thursday, May 11, that the recommendations it made to Romania are not optional, romania-insider.com ...

The fight against corruption in Romania has gone too far, Dragnea says

Monday, May 14, 2018

The fight against corruption in Romania has gone too far, Social Democratic Party (PSD) leader Liviu Dragnea said in an interview with Associated Press, ...

Former Romanian PM Ponta acquitted in corruption case

Monday, May 14, 2018

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Romania’s Supreme Court has acquitted former Prime Minister Victor Ponta of corruption charges after postponing the ruling five times, neweurope.eu informs. Ponta, 45, had been accused of 17 separate counts of forgery, complicity in tax evasion and money laundering, all dating from 2007-2011 while Ponta was working as a lawyer. He was tried alongside former Transport Minister Dan ...

Apostolic Nuncio to Romania corrected PM Dancila's announcement regarding Pope's possible visit to Romania in 2019

Monday, May 14, 2018

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PM Viorica Dancila said on Friday, during her visit at the Vatican, that Pope Francis will come to Romania next year. Dancila met with the Pope and told him about the plans of Romanian authorities to increase the country’s presence at the Vatican through academic, cultural and religious initiatives, but also through joint projects designed to protect human rights and ensure religious freedom. She invited Pope Francis in Romania. Pope ...

Convergence Program: Economy will grow by 6.1 pct in 2018 and 5.5 pct between 2019-2021

Monday, May 14, 2018

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The Romanian economy will grow with an annual average rate of 5.5 percent between 2019 and 2021, according to the Convergence Program 2018-2021, business-review.eu informs. Domestic demand (consumption and investment) will be the main driver of the growth. ”Private consumption expenditures will increase on average by 5.8 percent annually, given the improvements in the labor market. Gross fixed capital ...

Erste: the European funds destined to Romania could drop significantly with an impact of 1.2% of  GDP

Monday, May 14, 2018

The budget draft for the interval 2021- 2027 presented by the European Commission (EC) this month,could mean a significant reduction of the European Funds destined to the states in Eastern Europe in the case of Romania the impact could be 1.2% of the GDP, according to an analysis published on Friday by the Austrian financial group Erste. The European commissionaire Gunther Oettinger showed a possible reduction by 5%  of the European funds destined ...

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