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President Iohannis: After the motion passes, a transition Gov't is needed; I expect total involvement of PNL

Monday, October 7, 2019

President Klaus Iohannis stated on Saturday that, after the censure motion passes in Parliament, a transition Gov't is needed, that should prepare the elections and the budget for the next year, underscoring that he expects "maximum, total, efficient, good faith involvement from the National Liberal Party (PNL) in order to get through this transition period." "The hardship begins now, because we should reset, rebuild Romania together and I am willing to lead ...

Basescu: If the government falls, the biggest chances are that Mrs.Dancila remains interim at least till the presidential elections

Monday, October 7, 2019

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The former president Traian Basescu says that he does not exclude the possibility that if the censure motion is voted in the parliament, Viorica Dancila remains the prime-minister interim ‘ at least until the Presidential elections’. În his opinion, ‘it is an illusion’ the idea of some that there would be early elections. ‘ A fall of the  Dancila government t diminishes  as importance Mrs Dancila, who would ...

Ambassador Klemm: security, democracy and prosperity rely on education

Monday, October 7, 2019

Security, democracy and prosperity of a country rely on education, US Ambassador in Bucharest Hans Klemm stated on Friday. He participated in a meeting that celebrates 50 years of higher education in Sibiu city. The Ambassador stated that, taking into account how precious the Strategic Partnership is for the United States, a democratic Romania is wanted, but also stronger and more prosperous, so that more important things be accomplished ...

Some 7,000 violent criminals reportedly on Romanian streets as 21k inmates were freed through compensatory appeal

Monday, October 7, 2019

Some 7,000 murderers, rapists, burglars are reportedly at large on Romanian streets as some 21,049 inmates have been freed through compensatory appeal introduced by Social Democratic (PSD) government, claims liberal deputy Florin Roman. He used his Facebook page to present data resulting from an official reponse he has received from the Justice Ministry at his request. He says the number of inmates freed before due time based on rules imposed by the PSD government is up by ...

Some 500 troops in CONCORD 19 interinstitutional exercise

Monday, October 7, 2019

Approximately 500 troops from the Ministry of National Defence (MApN), the Ministry of Internal Affairs (MAI), the Romanian Intelligence Service (SRI), the Protection and Guard Service (SPP) and the Special Telecommunications Service (STS) participate, for one week, in the CONCORD 19 interinstitutional exercise in Covasna and Harghita counties, as well as in Bucharest.According to the Ministry of Defence, it represents an interinstitutional training stage, led by ...

US nominates Poland for entry into the Visa Waiver Program, Romania still on the waiting list

Monday, October 7, 2019

US nominates Poland for entry into the Visa Waiver Program, Romania still on the waiting list The US Department of State has formally nominated Poland for entry into the Visa Waiver Program, president Donald Trump announced on Friday, October 4. “This is an important step in continuing to increase economic, security, cultural, and people-to-people connections between our two nations. Now that Poland has ...

PM Dancila: Budget revision, next Friday

Monday, October 7, 2019

The budget revision is going to be approved next Friday, when the gov't will gather in sitting, on Sunday said Prime Minister Viorica Dancila, in eastern Husi."The budget rectification will take place (next) Friday. We will have a gov't sitting (next) Friday, we will have the budget rectification and a lot of pieces of legislation long awaited by the entire country," the premier said in Husi.Viorica Dancila declared herself confident that the censure ...

BNR governor Isarescu: Romania seriously affected by asymmetric shocks if it switched to euro now

Monday, October 7, 2019

If Romania were to switch to the euro now, it would be seriously affected by asymmetric shocks, and this is why it chose the middle path in its efforts to adopt the European single currency, considering that a real convergence of 70 - 75 percent - compared to the current 61 percent - is critical for this step, governor of the National Bank of Romania (BNR) Mugur Isarescu on Friday told the Bucharest Security Conference, an event organised by the National University of ...

Eurostat: Romania, among EU states with the highest current account deficit, in 2nd quarter of 2019

Monday, October 7, 2019

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14 EU member states recorded current account deficits in the second quarter of 2019, with the highest ones recorded in the UK (minus 27 billion euros), Ireland (minus 26.5 billion euros), France (minus 3.9 billion euros), Finland (minus 3.6 billion euros) and Romania (minus 3.4 billion euros), according to data published on Friday by the European statistical office Eurostat.Overall, EU 28 recorded a current account surplus of 40.9 billion euros in April-June 2019 ...

Tezaur program:Retail government securities with interest rates between 3.5 and 4.5 pct as of Monday

Monday, October 7, 2019

The Finance Ministry is launching on Monday new retail government securities under the Tezaur Program, with interest rates ranging from 3.50 to 4.5 percent per annum, depending on maturity.According to the issue prospectus published in the Official Journal, the face value of a security is 1 RON; one-year securities carry an interest rate of 3.50 percent per annum, those with a two-year maturity - 4 percent, and those with a three-year maturity - 4.5 ...

IN Q II 2019, THE TOTAL MONTHLY AVERAGE INCOME OF THE POPULATION PER HOUSEHOLD WAS 4764 LEI

Monday, October 7, 2019

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The total monthly average income was, in nominal terms, 4764 lei per household and 1838 lei per person in Q II 2019. In Q II 2019, the total monthly average expenditure of the population was 4049 lei per household (1562 lei per person), accounting for 85.0% of the total income Total household monthly income in Romania in Q2 2019 averaged out at 4,764 lei, on total average ...

CCIR: Romania-Vietnam Business Forum

Monday, October 7, 2019

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Romania can and we hope that it will be perceived by the Vietnamese entrepreneurs as a hub for the trade in the European Union (EU) area, Counselor on Foreign Affairs of the President of the Chamber of Commerce and Industry of Romania (CCIR) Lazar Comanescu said at the Romania-Vietnam Business Forum held in Bucharest."In the past three years, the Romanian-Vietnamese relations saw an upward trend, very intense really. This meeting in Bucharest takes places in a ...

The 9th edition of CERT-RO Annual International Conference, October 7 and 8, în Bucharest

Monday, October 7, 2019

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 The Romanian National Computer Security Incident Response Team (CERT-RO) is organizing, on October 7 and 8, the 9th edition of the Annual International Conference, under the tagline "New Global Challenges in Cyber Security - #CERTCON9".The event, organized in Bucharest, will gather 200 experts in the field of cybersecurity, government officials and political stakeholders, as well as representatives of private companies in all sectors and industries, NGOs and ...

Motion censure against Dancila Government read în joint plenary meeting of the Senate and the Deputies' Chamber

Friday, October 4, 2019

The censure motion was read în the joint plenary meeting of the Senate and the Deputies' Chamber. The censure motion called "In order to rebuild Romania, we must urgently dismiss the Dancila Government!" was filed on Tuesday by the Opposition.The document was read by National Liberal Party (PNL) senator Florin Citu. There were 128 deputies and senators attending the meeting.The censure motion will be debated and voted next ...

Accusations of plagiarism target Romania's second option for European Commissioner seat

Friday, October 4, 2019

Melania-Gabriela Ciot, Romania's second option for a seat in the future European Commission, plagiarised most of a scientific article published in 2012, according to a journalist who has gained fame for revealing high level plagiarism cases. Reporter Emilia Sercan writes for website ...

New proposal that EU funds be linked to rule of law compliance in European countries

Friday, October 4, 2019

The Belgian candidate for the seat of European Justice Commissioner would like to apply as early as next year a mechanism to monitor the rule of law in all European countries and use the system to restrict or suspend granting of EU funds in places which don't comply with the rules. The issue, debated in the EP on Wednesday, echoed among Romanian MEPs: while EPP and Renew Europe members support the proposal, Romanian Socialists (or Social Democrats as they are called ...

Concordia 19 - approximately 500 servicemen of MApN, MAI, SRI, SPP and STS participate in exercise

Friday, October 4, 2019

Approximately 500 servicemen of the Ministry of National Defence (MApN), the Ministry of Interior (MAI), the Romanian Intelligence Service (SRI), the Guard and Protection Service (SPP) and the Special Telecommunications Service (STS) participate, over October 7-13, in the international exercise Concordia 19, which takes places in several locations in the Covasna and Harghita counties, and in Bucharest.The inter-institutional training exercise is meant for the ...

Romtehnica asks for penalties of 8.5 million euros to the carrier manufacturer Piranhia V for delaying delivery

Friday, October 4, 2019

The Romanian Defence Ministry has issued a bill of default interest of EUR 8.5 million to the American producer of Piranha V armoured wheeled vehicles that are to be delivered to the Romanian Army. The Romanian Defense Ministry signed the contract with the US General Dynamics the contract allowing the Romanian state to purchase ...

10-year prison sentence for ex Speaker Bogdan Olteanu, charged with influence peddling

Friday, October 4, 2019

An anti-graft prosecutor on Thursday asked the Bucharest Court to hand former Chamber of Deputies' Speaker Bogdan Olteanu the maximum penalty of 10 years in prison in a case where he is charged with having received one million euros in bribe money from businessman Sorin Ovidiu Vintu.At the final hearing before the court this Thursday, the representative of the National Anti-corruption Directorate (DNA) said that there is plenty of evidence in the case to prove ...

BNR maintains monetary policy rate at 2.5pct per annum

Friday, October 4, 2019

The National Bank of Romania (BNR) decided on Thursday to maintain the monetary policy interest rate to its current level of 2.5 percent for the eleventh time in a row, as high inflation and FX pass-through do not allow the central bank to join the global trend and ease its policy stance. “In its meeting of 3 October 2019, the Board of the National Bank of Romania decided the following: to keep the monetary policy rate at 2.50 percent per annum; ...

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