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Eurostat: Industrial production prices drop less in Romania than in EU, in December 2018

Tuesday, February 5, 2019

The prices of products coming out on the gates of the plants registered a decline of 0.8 percent in December 2018 compared to November 2018, both in the Eurozone and the European Union, whereas in Romania they dropped 0.2 percent, which is the lowest decline among the member states, according to data published on Monday by Eurostat.According to the quoted source, the EU member countries where industrial production prices dropped the most from one month to the next ...

Stoltenberg în Bucharest: NATO continues to call on Russia to come back into compliance with the Intermediate-Range Nuclear Forces (INF) Treaty

Monday, February 4, 2019

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The US has called on its European allies to contribute more to burden sharing as regards the financing of joint defense, and the good news is that they are investing more in the field, as an additional 100 billion dollars are expected to be allocated for defense spending between 2016 - 2020, NATO Secretary General Jens Stoltenberg said on Thursday in an interview for private broadcaster Antena 3.Asked whether in his opinion the US and President Donald Trump are ...

NATO's Statement on Russia's failure to comply with the Intermediate-Range Nuclear Forces (INF) Treaty

Monday, February 4, 2019

Issued by the North Atlantic Council, Brussels, 1 February 2019: Following nearly six years of U.S. and Allied engagement with Russia, on 4 December 2018, NATO Allies declared that Russia has developed and fielded a missile system, the 9M729, which violates the INF Treaty, and poses significant risks to Euro-Atlantic ...

Jeremy Hunt, welcomed at the Cotroceni Presidential Palace

Monday, February 4, 2019

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President Klaus Iohannis on Friday welcomed at the Cotroceni Presidential Palace the Foreign Affairs Secretary of the United Kingdom of Great Britain and Northern Ireland, Jeremy Hunt, in which context he showed that a UK withdrawal without an agreement with the European Union will have significant negative consequences both on this country and the EU member states, reads a press release of the Presidential Administration.Thus, in the context of the decisions made ...

Federica Mogherini about the role that Romania can play in connecting Turkey and the European Union

Monday, February 4, 2019

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The role that Romania can play is very important in connecting Turkey and the European Union, in helping the two sides understand the mutual positions and developing their relation potential, High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini said in Bucharest on Friday.Asked within a joint press conference with Romanian Foreign Minister Teodor Melescanu if Romania could contribute to improving the understanding ...

PG Lazar participated in second meeting of the EUROMED Forum

Monday, February 4, 2019

Prosecutor General Augustin Lazar on Wednesday and Thursday participated, in his capacity as co-chair, in the Consultative Forum of Prosecutors General in the European Union, in the second meeting of the EUROMED Forum (Prosecutors General in the Euro-Mediterranean Area), an event held at the Eurojust headquarters in The Hague, the Netherlands.According to a release of the Prosecutor General's Office, at the Forum, Augustin Lazar presented the Public Ministry's ...

USR and PLUS decided to run together for the EP elections

Monday, February 4, 2019

The Save Romania Union (USR - opposition) decided to run together with the PLUS party of former prime minister Dacian Ciolos on a joint list for the European Parliament's election, under the name of "2020 USR-PLUS" alliance. „The options so far say that Dacian Ciolos will open up the list, he is the first on PLUS list and will also open the common list,” said USR chairman, Dan Barna on Saturday. In his turn, ...

Senate, Chamber of Deputies start first ordinary session of 2019 on Monday

Monday, February 4, 2019

The upper house of the Romanian Parliament, the Senate resumes works on Monday in its first ordinary session of 2019 and fifth of the 2017-2020 legislature.The Senate's Standing Bureau gathers at 13:00hrs, the parliamentary groups at 14:00hrs, and the first plenary sitting will start at 16:00 hrs sharp.The lower house of the Romanian Parliament, the Chamber of Deputies is also summoned on Monday afternoon with 16:00hrs sharp in first ordinary session ...

BNR's foreign exchange reserves down to EUR 31,922 million, in January

Monday, February 4, 2019

On 31 January 2019, the National Bank of Romania's (BNR) foreign exchange reserves stood at EUR 31,922 million, compared to EUR 33,065 million on 31 December 2018, according to a release of the BNR sent on Friday.During the month, the following flows were recorded EUR 1,572 million worth of inflows representing changes in credit institutions' foreign currency-denominated required reserves, inflows into the Ministry of Public Finance's accounts, inflows into the ...

Draft budget 2019: 5.5pct economic growth, 2.8pct annual average inflation, 2.55pct cash deficit

Monday, February 4, 2019

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The state budget for 2019 is built on a 1.02 billion lei gross domestic product representing a 5.5pct economic growth against 2018, a 2.8pct annual average inflation and an estimated 2.55pct budget deficit of the GDP (cash) and a 2.57pct of the GDP (ESA), according to data released on Thursday night by the Public Finance Ministry (MFP).In 2018, the GDP saw 949.6 billion lei, according to MFP data, representing a 4.5pct increase against 2017, and the annual average ...

The ministry of finances: the impact generated by OUG 114/2018 in the budgetary income of 2019 is 2.6 billion lei

Monday, February 4, 2019

The impact generated  by OUG 114/2018 in the budgetary income included in the draft budget is 2.6 billion lei, according to the report regading the macroeconomic situation for 2019 and the projection for 2020- 2022 presented by the ministry of finances together with the draft budget. It is about 500 million lei from the increase of taxation in the domain of gaming, 600 million lei from the increase of the level of excises for tobacco products (0.6 ...

Liviu Dragnea asks PM Dancila, FinMin Teodorovici to analyse money allocated to secret services in draft budget

Monday, February 4, 2019

The chair of the major ruling Social Democrat Party (PSD) Liviu Dragnea on Sunday said at the Parliament Palace that he asked Prime minister Viorica Dancila and the Finance minister Eugen Teodorovici to analyse the money allocated in the draft budget for the secret services and re-allocate sums from there to the Health care."I believe that important amounts of money from here (secret services, ed. n.) could be allocated to the Health care, for instance. I think ...

Local authorities in Romania disturbed by 2019 budget

Monday, February 4, 2019

The local authorities in Romania are severely hit by the 2019 budget draft that transfers to them most social spending without giving them the financial tools to support such a burden. If the budget passes in this form, many local authorities risk a severe cut in investment in order to support the new social spending. Mayors across Romania are already calculating the scale of their losses in term of local budgets. In fact, the biggest problem is the ...

MFP issues government securities with 4, 4.5 and 5 pct interest rate for the population

Monday, February 4, 2019

The Ministry of Public Finance on Monday will launch three new government securities issues exclusively meant for the population Monday, which will be available until February 22, according to a press release issued by the Ministry of Public Finances (MFP).The Tezaur T-bills to be issued on Monday, February 4, 2019, will bear 2, 3 and 5 years maturities and annual interest rates of 4, 4.5 and 5 per cent respectively, with the related income ...

AmCham draws attention to the alarming level of counterproductive measures imposed by the Government

Monday, February 4, 2019

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The pace of the concurrent changes, by emergency ordinances, to legislation in multiple sectors that are strategic to the economy is unjustifiably fast and does not allow going through all the necessary steps to ensure the predictability, transparency and assessment of the economic and social impact of the adopted measures, the American Chamber of Commerce in Romania (AmCham) warned in a Friday release.AmCham Romania sounds alarm on the accelerated degradation of ...

Study: The young people of the Z generation are the most satisfied with the working conditions

Monday, February 4, 2019

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The majority (82%) of the young people between 18 and 24 (the Z generation post –millenials) state they are satisfied and very satisfied by the place and conditions offered in the office buildings where they work, at the other end being the young people of 25 – 34 ( the Y generation) who present the lowest percentage of people satisfied with the working conditions, respective 58%.According  to the study dedicated to the working environment in the ...

Jens Stoltenberg: We must prepare for a world without the INF treaty

Friday, February 1, 2019

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NATO Secretary General Jens Stoltenberg said on Thursday in Bucharest that an agreement on maintaining the Intermediate-Range Nuclear Forces (INF) Treaty has not been reached yet, as Russia has unveiled a new type of missile that violates this treaty.President [Klaus] Iohannis and I also discussed the INF Treaty. Russia has deployed a new type of missile in violation of the treaty. This missile, the SSC-8, is nuclear capable, hard to detect and able reach European ...

Mogherini: Gymnich - opportunity to discuss not just celebration of Eastern Partnership, but also ways to progress

Friday, February 1, 2019

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EU High Representative for Foreign Affairs and Security Policy Federica Mogherini stated on Thursday, prior to the informal meeting of the foreign affairs ministers of the EU (Gymnich), that this meeting represents a good opportunity to discuss not only the celebration of the Eastern Partnership, but also the manner in which progresses can be accomplished.We will start the discussions with the ministers on the Eastern Partnership topic. It is an important priority ...

Bucharest Court of Appeals rejects President’s decree on extending the Chief of Staff’s term

Friday, February 1, 2019

The Bucharest Court of Appeals has admitted the referral filed by the Defence Ministry to suspend the decree signed by President Klaus Iohannis extending the term of the Chief of Staff, General Nicolae Ciuca . The ruling reads that the request is unfounded. “The court rejects the exception of inadmissibility on the suspension request. (…) The court rules the suspension of Decree no.1131/2018 until the ruling of substance is issued. The ...

Romania to participate with transport helicopter detachment in MINUSMA mission in Mali

Friday, February 1, 2019

Romania will participate with a transport helicopter detachment in the Multidimensional Integrated Stabilization Mission - MINUSMA operation in Mali, the Ministry of National Defence (MApN) informed on Wednesday in a press release.For the Romanian Army's detachment the mission will start in October 2019.The topic was discussed during a meeting the Minister of Defence, Gabriel Les, had with the United Nations Under-Secretary-General for Peacekeeping ...

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