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Disaster risk management loan agreement submitted to Parliament ratification

Wednesday, September 13, 2023

 President Klaus Iohannis signed on Tuesday the decree to submit to Parliament's ratification the Loan Agreement - Additional Financing for the Disaster Risk Management Improvement Project - between Romania and the International Bank for Reconstruction and Development (IBRD), according to the Presidential Administration.The agreement was signed in Bucharest on 25 May 2023.On 31 August, the Government approved the draft law to ratify the Loan ...

Finance Ministry draws RON 75 million from banks in addition to Monday's tender

Wednesday, September 13, 2023

 The Ministry of Finance attracted on Tuesday RON 75 million from banks, in addition to Monday's tender, when it borrowed RON 500 million through a benchmark government bond issue with a residual maturity of 109 months and an average yield of 6.80% per annum.The nominal value of the additional issue was RON 75 million and banks submitted offers of RON 85 million.The Ministry of Finance (MF) planned to borrow from commercial banks in ...

CONAF: Excessive deficit cannot be solved by excessive fiscality. Economy risks to enter recession

Wednesday, September 13, 2023

The draft emergency order about measures to finance budget deficit is a fiscal blow applied to small and medium businesses, with negative effects on investments, jobs andeconomy, but stimulating inflation, the National Confederation for Femela Entrepreneurship (CONAF) warned in a press release on last Friday.   Taxes applied to small companies should support their activity, essential in a balanced modern ...

July net average salary earning down 35 lei, to 4,565 lei

Wednesday, September 13, 2023

 The net average salary earning amounted to 4,565 lei in July, down 35 lei (-0.8%) from the previous month, the lowest value being maintained in hotels and restaurants, according to data the National Institute of Statistics (INS) sent on Tuesday.In July 2023, the gross average wage was 7,317 lei, 47 lei (-0.6%) lower than in June 2023. The highest values of average net earnings were recorded in information technology service activities (including ...

Simona Halep, suspended for four years for doping

Wednesday, September 13, 2023

 Romanian tennis player Simona Halep has been suspended for four years for doping, the International Tennis Integrity Agency (ITIA) announced Tuesday.The ITIA said an independent tribunal had suspended the former world leader for two separate breaches of the tennis anti-doping programme (TADP).The first violation in the case of Simona Halep (31), a double Grand Slam champion (Roland Garros 2018, Wimbledon 2019), is related to the ...

Eight evenings of open-air classical music concerts, as of September 17, in the Enescu Festival Square

Wednesday, September 13, 2023


Eight evenings of open-air classical music concerts are scheduled, starting September 17 to 24, in the Enescu Festival Square.According to a press release of ARCUB - Cultural Center of Bucharest, the performances will feature orchestras, choirs, conductors, renowned voices and instrumentalists from Romania and the Republic of Moldova, as well as performances by renowned artists such as: pianist Madalina Pasol, violinist Alexandru Tomescu, who will take the ...

NATO's Geoana: No indications that Russia has any intention of attacking a NATO state

Tuesday, September 12, 2023

NATO Deputy Secretary General Mircea Geoana says that there are no indications of the Russian Federation having an intention of attacking a NATO member state, but that the worries of the Romanians living near the Danube border with Ukraine are understandable."There are no indications that the Russian Federation has any intention of attacking a NATO member state, be it Romania or any other state. And that is a result of the power and strength of our alliance. ...

Tilvar: We are considering measures to strengthen the monitoring and security of Romania's airspace and, implicitly, that of NATO

Tuesday, September 12, 2023

The Minister of National Defence, Angel Tilvar, and the Chief of the Defence Staff, General Daniel Petrescu, met on Monday at the MApN headquarters with the head of the Alabama National Guard, Major General Sheryl E. Gordon,   During this meeting, minister Tilvar stated that Romania has proposed to take measures for strengthening the monitorisation and security of the air space of the country and, ...

Romania doesn't recognise so-called presidential election in Karabakh region

Tuesday, September 12, 2023

The Ministry of Foreign Affairs (MAE) said on Monday that Romania does not recognize the so-called "presidential elections" in the Karabakh region, reiterating full support for the sovereignty and territorial integrity of Azerbaijan, within its internationally recognized borders, informs a statement of the Ministry of Foreign Affairs sent on Monday."The Ministry of Foreign Affairs reiterates its full support for the sovereignty and territorial integrity of ...

Iohannis: Drug use in Romania will be included on the agenda of the next CSAT

Tuesday, September 12, 2023


Drug use among in Romania's young people is an alarming phenomenon, President Klaus Iohannis said on Monday, adding that the subject will be included on the agenda of the next meeting of the Supreme Council for National Defence (CSAT).     The CSAT is the body that gives direction to the institutions of force in combating phenomena that endanger national security. Once an issue is put on the CSAT ...

The Minister of Health refuses 720 million euros from PNRR for investments in 6 hospitals

Tuesday, September 12, 2023

 The minister of Health, Alexandru Rafila, announced on Monday that six hospitals were removed from the list of investments supported by the National Recovery and Resilience Plan (PNRR) as a result of the reduction of the allocation for Component 12 "Health" by 26% (740 million euros ), but will receive financing from the European Investment Bank, starting from October.Rafila mentioned, in a press conference, that his statement ...

JusMin Gorghiu, European Commissioner Reynders on magistrates' pensions

Tuesday, September 12, 2023

The amendment of the law on special pensions for magistrates was one of the topics discussed on Monday, in Riga, by the minister of Justice, Alina Gorghiu, with the European Commissioner for Justice, Didier Reynders, MJ informs in a press release."We will soon find a balanced solution," said Alina Gorghiu, on the sidelines of the meeting of justice ministers from the member states of the Council of Europe, quoted in the press release.On the other ...

CNPP: 4,766,378 pensioners at the end of August 2023; the average pension was 1,965 lei

Tuesday, September 12, 2023

A total of 4,766,378 pensioners were registered at the end of August 2023 in Romania, 134 fewer than in the previous month, and the average pension was 1,965 lei, according to data centralized by the National Public Pension House (CNPP).   Of these, 662,658 had periods worked in agriculture, with an average pension of 564 lei.   Of the total number of pensioners in the ...

Gov't to upload latest tax measures on its website for public transparency

Tuesday, September 12, 2023

Prime Minister Marcel Ciolacu said on Monday that this week the tax measures he is going to take responsibility for in Parliament will be published on the government's website.Ciolacu was asked when he will take responsibility in Parliament for the new tax measures."After we come out with them in the transparency procedure. I think that this week they will be uploaded on the Government's website in the transparency procedure. Then they get their ...

Trade balance deficit, down 17pct 7 months into 2023

Tuesday, September 12, 2023

 The trade deficit (FOB/CIF) in the first seven months of this year stood at 15.604 billion euros, 3.201 billion euros lower, or 17.0%, than that recorded in the period January 1 - July 31, 2022, according to information the National Institute of Statistics (INS) released on Monday.Thus, in the period January 1 - July 31, 2023, exports increased 4.6% and imports decreased 1.1% compared to the same period last year.In the first seven months ...

Net investment in Romanian economy exceeds RON 70 billion in H1 2023

Tuesday, September 12, 2023

H1 2023 net investment in Romania's economy reached RON 70.051 billion, up 13.5% y-o-y, according to data with the National Institute of Statistics (INS), published on Monday.As against Q2 2022, Q2 2023 net investment amounted to RON 40.025 billion, up 13.5% on increases in all structural components: other expenses ( +41%, in machinery (including means of transport) by 21.3%, and in new construction works (+7.7%).January - June 2023, the jump in ...

Only 15% of education units in Romania renovated by 2020

Tuesday, September 12, 2023

The thorough energy renovation of schools must become a priority, in the context in which only 15% of the built area occupied by buildings of education units has been renovated by 2020, say experts from the Romania Eficienta (Efficient Romania) programme, run by Energy Policy Group (EPG).Nationwide, there are 18,000 buildings belonging to education institutions, occupying a total built area of over 16.6 million square metres, of which only 15% has been ...

H1 witnesses drop in newly inaugurated housing units

Tuesday, September 12, 2023

The number of dwellings put into use in Romania in the first half of the year decreased by almost 500 units compared to the same period in 2022, according to data the National Institute of Statistics (INS) published on Monday.According to the official statistics, by the end of June 2023, 32,077 housing units had been inaugurated, and by residence environment most housing units were let in urban areas, as a share representing 62.8% of the ...

Romania's natural population growth, negative in July 2023

Tuesday, September 12, 2023

 Romania's natural population growth was negative in July this year, with 4,659 people, while the number of marriages decreased by 2,114 compared to the same period of the previous year, according to data centralized by the National Institute of Statistics (INS), published on Monday.According to the cited source, the number of registered births was 982 lower and the number of deaths decreased by 2,026 in July 2023 compared to July 2022. After the top ...

Romania summons Russian chargé d'affaires over drone fragments

Monday, September 11, 2023

Romania's foreign ministry summoned the Russian charge d'affaires after the discovery on Romanian soil of new fragments of a drone similar to those used by the Russian military, Romanian media reported on Sunday quoted by Reuters.   On ...

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