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Pro Romania's Victor Ponta, elected Deputy Chair of the European Democratic Party

Monday, December 2, 2019

 Pro Romania leader Victor Ponta on Friday got elected Deputy Chair of the European Democratic Party (EDP). The vote took place in the EDP Council, the event being held in Paris, according to a press release of Pro Romania on Friday . The Pro Romania delegation was made of leader Victor Ponta, MPs Mircea-Titus Dobre and Oana-Silvia Vladuca and executive secretary of the party Geanina Cristina Puscasu.The meeting agenda included the renewal of the EDP ...

Revolution case, postponed until February 21, 2020

Monday, December 2, 2019

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The High Court of Cassation and Justice, Romania's Supreme Court, has postponed for February 21, 2020 the debates in the Revolution case, in which former President Ion Iliescu is accused of crimes against humanity.Over 600 persons turned up, on Friday, at the headquarters of the Supreme Court, in order to become civil parts of the case, judges issuing in this sense over 5,000 citations.After nearly five hours, during which people entered the courtroom ...

Raluca Turcan: we will commit ourselves to abrogate the compensatory appeal if it is not done in the parliament

Monday, December 2, 2019

Vicepremier Raluca Turcan states that the executive will commit themselves to amend the law regarding the compensatory appeal, if the amendment is not done through the parliament. Similarly, they will commit themselves to prorogate the date regarding the early retirement of the magistrates, not to block justice. She appreciated that, under the pretext of some improper detention conditions, ‘ PSD released almost 20,000 dangerous criminals who ...

The budgetary deficit increased by almost 38% in the first 10 months, at almost 29 billion lei

Monday, December 2, 2019

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The consolidated general budget which includes both the state budget and the bugets for pensions and unemployment, closed the first 10 months with a deficit of 28.83 billion lei (6.03 billion euro) of the GDP with 37.9% higher than the one of the same period of last year, as the personnel expenses have increased by 19.5%, show the data published on Friday on the site of the ministry of finances. In the first ten months of 2018, the budgetary deficit ...

The Finances will borrow in December almost six billion lei from banks

Monday, December 2, 2019

The minister of public finances (MFP) planned, for December 2019 loans from the commercial banks worth 5,945 billion lei, out of which one billion lei through two emissions of treasury bonds with discount and 4.3 billion lei through eight emissions of state bonds, plus 645 million lei through supplementary sessions of non-competitive offers, connected to the bids for bonds.The sum is higher by approximately 1.84 billion lei against the programmed one for November ...

Gov't is preparing bill amending OUG 114 to repeal several articles

Monday, December 2, 2019

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The government will prepare a bill for repealing several articles of Emergency ordinance (OUG) 114, provisions that have affected "in an extremely negative way" the business environment, Prime Minister Ludovic Orban said on Friday."In the case of any kind of law-making that concerns the business environment, our intention - be it in the fiscal environment, or in any specific field - is to carry out prior consultations (...) We have some things which, in my ...

Barometer: Romania's industrial activity flatlining on almost all indicators this October

Monday, December 2, 2019

Romania's industrial activity has flatlined on almost all indicators this October, yet the managers' expectations for the next six months are slightly up, "probably against the backdrop of the change of government and of hope for a better new year," shows the Industrial Barometer worked out by the Management Faculty of the Bucharest National University of Political Studies and Public Administration (SNSPA) and IRSOP.The document released on Friday shows that ...

Romania will benefit from a system of earthquake prediction  - 8 hours before- offered by IONOTERRA, free of charge

Monday, December 2, 2019

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The Israeli company IONOTERRA in partnership with the University Politechnic Bucuresti will make in Romania, in the second part of 2020 an experimental session of monitorisation of the seismic area Vrance, with emission of earthquake alert on average 8 hours before the event. The announcement was made during the first scientific conference organized by IONOTERRA in Bucharest. The event was honored last Friday by the presence of ...

Military parade on December 1: 4,000 militaries, 200 technical means, over 50 airplanes at National Day parade and troops from 21 NATO countries

Friday, November 29, 2019

Twenty-one NATO countries will participate in the military parade on December 1, Romania's National Day, with military hardware and troops from war zones, according to parade coordinator Vasile Toader."We have a richer participation than in previous years: there are 21 NATO countries who will come to join us this year in the parade. We have some units that have constituted new parade blocks, they are units that this year went to combat zones for the first time and ...

CCR validates result of second round of election for President of Romania

Friday, November 29, 2019

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The Constitutional Court of Romania (CCR) validated, on Thursday, the result of the second round of the presidential elections. Following the election, Klaus Iohannis obtained a new term in Cotroceni.The decision of the CCR was read by the President of the Court, Valer Dorneanu, in a solemn sitting, attended by Prime Minister Ludovic Orban, members of the Government, National Liberal Party (PNL) MPs, presidential and state advisers, representatives of the ...

AEP: Value of electoral contributions submitted by candidates for campaign funding worth over 72,000,000 lei

Friday, November 29, 2019

The Permanent Electoral Authority (AEP) has announced on Thursday that the total value of the electoral contributions submitted by the competitors for funding the campaign in the presidential elections for the first round of elections stood at 70,258,904.02 lei and the total amount of the contributions declared for the runoff stood at 1,956,000 lei.Of the total value declared in the first round of elections, 69,679,729.11 lei represent the total electoral ...

Hans Klemm, US Ambassador to Bucharest ends mandate in Romania

Friday, November 29, 2019

Hans Klemm, the US ambassador to Bucharest will be received by foreign minister Bogdan Aurescu on Friday, for a farewell visit. On September 21, 2015, Hans Klemm became ambassador to Romania. Previously he was general director in the State Department,   main US representative to Asia Pacific Economic Cooperation Forum, coordinator of all civilian and military programs in the field of rule of law carried out by the US in Afghanistan, US ambassador ...

PM Orban: Gov't to find the best solution to have compensatory appeal provisions reversed

Friday, November 29, 2019

The government will find the best solution to have the provisions regarding the compensatory appeal reversed, Prime Minister Ludovic Orban said on Thursday."I've seen the statements made by our colleague, [Justice Minister Predoiu], cited in the media, and I would like to dispel all doubts about the National Liberal Party's governing program on the judiciary and the compensatory appeal. The specific goals include the revision of the law on the conditional release, ...

JusMin Predoiu voices dissatisfaction over justice crime prosecution body's activity

Friday, November 29, 2019

Justice Minister Catalin Predoiu said on Thursday that he was not satisfied with the activity of the Justice Crime Investigation Section (SIIJ). "I am not satisfied with the activity of this body and that is why we will approach it next year as a priority," Predoiu said at the Justice Ministry. He added that he did not want to "interact" with the SIIJ in order not to leave the impression of pressure."I have not interacted with the SIIJ for the moment because I do ...

Three Seas Initiative member states requiring almost 600 bln euros in infrastructure modernization investments

Friday, November 29, 2019

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The investment needs for the modernization of the transport, energy and digital infrastructure in the 12 countries of the Three Seas Initiative (3SI) amount to almost 600 billion euros, while the EU budget for this type of investments in the region is 42 billion euros for the period 2021 - 2027, said Pawel Nierada, member of the Three Seas Initiative Investment Fund Oversight Council on behalf of the Polish bank BGK, citing a survey by consulting company ...

Official Danca:We have an economic forecast for 2019-end and 2020 much more cautious, realistic

Friday, November 29, 2019

The Government has an economic forecast "much more cautious" and "more realistic" for the end of 2019 and for 2020, chief of the Prime Minister's Chancellery Ionel Danca argued after the National Commission for Strategy and Prognosis (CNSP) has revised downwards the estimations regarding the economic growth on 2019. "The official forecast of the Government is starting to be realistic after the legendary historic accidents in which the chief of the National ...

Isarescu: I think government approach is correct: we must see exact budget situation

Friday, November 29, 2019

The government approach is a correct one, because we must see first the exact situation of the budget, BNR governor Mugur Isarescu declared on Thursday at the annual conference of the Association of Financial-Banking Analysts of Romania. The governor explained we must end talks about the exchange rate, because any depreciation of the rate “is not good.” He declared that another topic that should be approached  is that of increasing ...

Valentin Lazea (BNR): no alternative to deferring planned pension hike

Friday, November 29, 2019

The budget revenues can increase by 1.2%-1.3% of GDP as a result of feasible corrective actions the new Government of PM Ludovic Orban could implement immediately - which might be enough to offset the effects of the pension hike already operated in September 2019 but is far from enough for covering the massive 40% hike scheduled for September 2020, according to Valentin Lazea, chief economist of Romania’s National Bank (BNR). Including the ...

Fiscal Council: Below-3pct deficit only possible with public spending cuts, leaner public sector

Friday, November 29, 2019

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Without a falling trend in public spending and without a leaner public sector keeping the government deficit below 3pct will not be possible, Bogdan-Octavian Cozmanca, deputy chair of the Fiscal Council, warned on Thursday at a specialist seminar."Cutting spending in the implementation of the state budget has been used as an adjustment mechanism to compensate for the inefficiency in collecting the revenues and/or systematic over-budgeting. Basically, without a ...

Business environment requests intensifying dialogue with Gov't

Friday, November 29, 2019

The business environment of Romania requests the Government resume dialogue in regards to decisions with economic and social impact, showing that, although investors and authorities should collaborate to increase the welfare of citizens, this dialogue has been lacking in the past years, stated, on Thursday, the representatives of the Coalition for Romania's Development (CDR), in a press conference.They presented the measures the investors are proposing to the ...

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