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FinMin Citu: Each ministry will carry out an audit to check if the government apparatus is oversized

Tuesday, December 3, 2019

Each ministry will carry out an audit next week to check if their current apparatus is oversized or not and to assess the work of every employee, Florin Citu, Minister of Public Finances stated on Saturday. He specified the Prime Minister was the one that asked for the audits and, based on them, he will make a decision whether to reduce the personnel at the ministries or not. "We will have this reorganisation soon," added the official.He reiterated the fact that ...

2020 budget to be passed by year end

Tuesday, December 3, 2019


Romania’s state budget bill for the year 2020 will be passed by the lawmakers by December 31, deputy prime minister Raluca Turcan said in Botosani on Friday, November 29. "We are preparing the budget for next year so that we stand by our commitments. The construction of highways is a priority,” Turcan said, quoted by local ...

Gov't promises to get money for higher pensions

Tuesday, December 3, 2019

Government’s spokesman Ionel Danca outlined a list of measures supposed to bring more money to the state budget in order to pay the higher pensions next year and further increase pensions by 40% in September ...

Fiscal Council: the budgetary consolidation is not possible if the present calendar for the implementation of the new  pensions law is kept

Tuesday, December 3, 2019

The budgetary consolidation cannot be made if the present calendar for the implementation of the new pension law is kept and the present coordinates of the fiscal-budgetary policy as the budgetary rectification draft aims at the major revision of the budgetary deficit from 2.76% to 4.3% of GDP, announced the Fiscal Council (CF). The Fiscal Council sent an opinion with regard to the draft of the second rectification of the general consolidated budget ...

BNR's forex reserves decrease to 33.817bn euro, in November

Tuesday, December 3, 2019


The foreign exchange reserves of the National Bank of Romania (BNR) decreased by 3.12pct, to 33.817 billion euro, at the end of November, from 34.908 billion euro on October 31, 2019, according to BNR data.During that month there were inflows worth 1.891 billion euro, outflows of 2.982 billion euro, and the level of the gold reserve remained at 103.6 tonnes. According to international price developments, its value stood at 4.411 billion euro.Romania's ...

BNR: Overdue RON-denominated loans, down 4.47%; forex-denominated, down 4.7% in Oct. 2019

Tuesday, December 3, 2019

The total value of outstanding individual and corporate RON-denominated loans amounted to 4.85 billion lei in October 2019, down 4.47% from September 2019, while overdue forex-denominated loans decreased 4.7%, to 2.32 billion lei equivalent, according to data with the National Bank of Romania (BNR).In October, total RON-denominated loans reached 179.578 billion lei (0.9% over the previous month), of which 68.606 billion lei were taken out by business operators and ...

Top 30 companies with Romanian shareholding to reach 180 billion lei in total business turnover in 2019

Tuesday, December 3, 2019

The top 30 companies with Romanian shareholding will exceed among them 180 billion lei in business turnover, double the figures of one decade ago, according to estimates of Frames Media Network Romania published in a specialist analysis.In 2018 the aggregate business turnover of the top 30 companies that had local shareholders reached 164.1 billion lei, as against 92 billion lei in 2010. At the same time, their profitability followed a similar rising trend, from ...

Study: more than half of the companies want to increase the number of employees on average by 11% next year

Tuesday, December 3, 2019


Over half of the companies in Romania (54%) intend that, in 2020 to increase the number of employees by 11% on average, according to the Barometre of HR made by PwC Romania which shows that the biggest demand for new employees is in the sector IT&C, followed by industry, auto and retail. ‘Thus, 91% of the companies in IT&C intend to increase the number of employees on average by 20% next year. In industry and auto, 71% of the companies ...

Study: over 53% of the employees consider that the companies where they work do not care at all or care very little about their mental and emotional state

Tuesday, December 3, 2019

More than 53% of the employees in Romania consider that the companies where they work do  not care at all or care very little about their mental and emotional state, and 7 out of 10 employees complain that their managers do not offer support and constructive feedback according to a study made in November by the market research company 4Service Group Romania. The study is about the emotional issues and the mental state of the employees at work and ...

More than a quarter of the Romanian children spend over 6 hours online, on a school day

Tuesday, December 3, 2019


More than a quarter of the children of Romania (27%) state that, on a school day, spend over six hours online or they check the smart device periodically, the mobile phone being by far the most used terminal (in 96.1% of the cases), the study made by ‘Salvati Copiii’ organization .The centralized data in the research show that, at the top of the terminals used by children to surf the net are the laptop with 46.6% of the total of interviewees, desktop ...

Statistics: 2.1pct drop in the number of building authorizations for residential buildings, in Jan-Oct

Tuesday, December 3, 2019

In October 2019, 3736 construction permits were released for residential buildings, a 3.3% decrease compared to September 2019 and a 0.8% rise compared to October 2018. In the 1.I-31.X.2019 period, 35936 construction permits were released for residential buildings, 2.1% less than in the same period of the previous year. The number of building authorizations for residential ...

Unemployment in Romania, down to 4% in October

Tuesday, December 3, 2019

Unemployment rate in October 2019 decreasead with 0.1 percentages points as compared to the previous month (4.1%). Men’s unemployment rate was higher than that of women with 1.0 percentages points Seasonally adjusted unemployment in Romania fell to 4% in October 2019, from 4.1% in the previous month, according to data with the National Institute of Statistics (INS) ...

President Iohannis to attend NATO meeting in London on Tuesday and Wednesday

Monday, December 2, 2019


 President Klaus Iohannis will attend, on Tuesday and Wednesday, the high-level NATO meeting set to take place in London, a release by the Presidential Administration reads.The meeting takes place in the context of the 70th anniversary of the founding of the North Atlantic Alliance, and the schedule includes several moments of ceremonial nature as well as a working session, during the latter the Allied leaders being to discuss NATO priorities in the current ...

US President Donald Trump sends message on Romania's National Day

Monday, December 2, 2019

Romania is an invaluable ally for both the United States and the NATO alliance, says US President Donald Trump in a message sent to Romania's President Klaus Iohannis on December 1, the National Day of Romania."We applaud Romania's staunch commitment to burden sharing and transatlantic security, and we look forward to building further upon our strategic partnership in the years to come," reads the message published by the Romanian Presidential Administration on ...

Thousands attended National Day military parade in Bucharest

Monday, December 2, 2019

Thousands of people attended a National Day military parade on Sunday in the Arch of Triumph Square in Bucharest.From the early hours of the morning, people started pouring in on the route between the Free Press Square and close to the Victoriei Square, waving flags and colourful balloons.The parade debuted at around 11:00hrs, after President Klaus Iohannis saluted the Guard of Honour and laid a wreath at the Arch of Triumph. As the national anthem was ...

Royal visit to Iasi to celebrate National Day

Monday, December 2, 2019

Her Majesty Margareta, the Custodian of the Romania Crown and HRH Prince Radu celebrated this year Romania's National Day in Iasi, as a tribute to Her great-grandparents, King Ferdinand I the Unifier and Queen Mary.The royalties are ending thus a series of 75 public events in which they participated on the occasion of the Centenary of the First World War and the Greater Union, which began on August 26, 2016, according to a press release issued by the Press Office ...

Romania extends humanitarian aid to earthquake-stricken Albania

Monday, December 2, 2019


Romania extended Albania, severely affected by a major earthquake on November 26, humanitarian aid consisting of tents, sleeping bags, cots, blankets, mattresses and bed sheets."Romania continues to provide humanitarian assistance to Albania, severely affected by the earthquake, getting actively involved in the international community's response to requests for support. At the proposal of the Ministry of Foreign Affairs and as a result of consultations with ...

Ambassador Michele Ramis: France participates in Black Sea security in various ways

Monday, December 2, 2019

There are various ways whereby France participates in Black Sea security, ambassador Michele Ramis said on Friday, emphasizing the military cooperation between her country and Romania and mentioning in this regard the Mali theater of operations.The French diplomat presented the members of a detachment of the Bordeaux - Mérignac Air Force Base 106 of the French Air Force, which will take part in the December 1st parade in Bucharest. The 18-strong detachment ...

Chief of the General Staff of Ukraine Lieutenant General Ruslan Khomchak pays official visit to Romania

Monday, December 2, 2019

The Minister of Interior (MApN), Nicolae Ciuca, and the Deputy Chief of the Defence Staff, Lieutenant General Daniel Petrescu, had a meeting with the Chief of the General Staff of Ukraine, Lieutenant General Ruslan Khomchak on Saturday, at the MApN headquarters. According to a press statement of the MApN, the official bilateral discussions were mainly concerned with the current status and outlook of the Romanian-Ukrainian cooperation relations in the defence field.They ...

Romania to acquire five new F-16A aircraft from Portugal

Monday, December 2, 2019

Romania will acquire five new F-16 aircraft from the government of the Portuguese Republic, according to a bill approved on Thursday by the Romanian government.According to a press statement released by the Defence Ministry (MApN), "the Romanian government endorsed, at a meeting on Thursday a bill for the further development of the air operational capability included in the initial transition stage of the gradual design of the air defence capability under the ...

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