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Foreign direct investment down to 4.25 billion euros between January and July 2023
Thursday, September 14, 2023
Direct investment by non-residents in Romania went down to 4.254 billion euros in the first seven months of this year from 5.992 billion euros January to July 2022, according to data from the National Bank of Romania (BNR) published on Wednesday.Equity holdings (including estimated net reinvested profit) totalled a net 4.597 billion euros, while intragroup loans registered a net negative value of 343 million euros.According to data ...
Industrial production declines 5pct seven months into 2023
Thursday, September 14, 2023
Romania's industrial production declined 5% unadjusted and 5.1% when adjusted for working days and seasonality in the first seven months of 2023, y-oy, show data published on Wednesday by the National Institute of Statistics (INS).The decreases at the end of July 2023 are the result of decreases in the production and supply of electricity and thermal energy, gas, steam and air conditioning (-11.2%) and the manufacturing industry (-4, 4%). On the other hand, ...
Anti-discrimination council head, on Romania-Kosovo match incidents: Sport is sport, politics outside stadiums
Thursday, September 14, 2023
Sport is sport and, as such, politics takes place outside stadiums, National Council for Combating Discrimination (CNCD) President Csaba Asztalos said on Tuesday evening, in the context of the incidents occurred at the Romania - Kosovo football match, on the National Arena stadium in Bucharest."These geopolitical messages have no place in sport. (...) Playing without spectators means a very big financial loss as well, but mainly of support for the national ...
Romania considers seeking compensation for being denied Schengen access
Wednesday, September 13, 2023
Bucharest is considering seeking compensation for losses suffered by carriers since Romania was first denied entry to the visa-free Schengen zone in 2011, Romanian Transport Minister Sorin Grindeanu said on Monday, adding that losses amounted to 2% of the country’s GDP, euractiv.com reports. Speaking on Prima TV, Grindeanu said he told EU Commissioner Adina V?lean that Romania had made ...
Metsola: Blocking accession of Romania and Bulgaria to Schengen could lead to rise of the extremes
Wednesday, September 13, 2023
A rise in the extremes should not be ignored, but countered by proving that the European Union matters, President of the European Parliament Roberta Metsola said on Tuesday in Strasbourg, adding that she fears that decisions such as blocking the accession of Romania and Bulgaria to the Schengen Area risk leading to the multiplication of those who want to destroy Europe.In a short Q&A on Tuesday with foreign journalists in the European Parliament - ...
Defence Ministry kicks off development works of population protection spaces in Plauru village, close to Ukraine
Wednesday, September 13, 2023
On Tuesday, the Ministry of National Defense kicked off the construction works of the population protection spaces in the Plauru village, Ceatalchioi commune of far eastern Tulcea county, close to the border with Ukraine, the ministry informs in a press release sent ths Tuesday."According to ...
AgriMin: Restrictive measures regarding imports of agricultural products from Ukraine should be extended
Wednesday, September 13, 2023
The restrictive measures regarding imports of agricultural products from Ukraine had a positive effect on the grain market in Romania, and the decision of the European Commission should be to extend these restrictions, at least until the end of 2023, in order not to affect the competitiveness of farmers, the minister of Agriculture and Rural Development (MADR), Florin Barbu, said at a meeting with his Hungarian counterpart, Istvan Nagy."On September 12, ...
ForMin Odobescu, Dutch ambassador Van Haaften discuss bilateral relations, regional state of play
Wednesday, September 13, 2023
Foreign Minister Luminita Odobescu and Dutch ambassador to Romania Willemijn Van Haaften on Monday discussed the current security context, bilateral economic and political relationships.Odobescu welcomed Van Haaften on Monday to receive copies of the ambassador's letters of credence."Minister Odobescu highlighted the high dynamics in the political and diplomatic dialogue, the solid economic relationships, excellent co-ordination at the EU, NATO ...
Senate's president Nicolae Ciuca met the Secretary General of the Parliamentary Assembly of Black Sea Economic Cooperation, Asaf Hajiyev
Wednesday, September 13, 2023
Romania appreciates the fact that ensuring a European perspective for the Republic of Moldova, Ukraine and Georgia will strengthen the economic cooperation around the Black Sea, the Senate's president Nicolae Ciuca said on Monday, after the meeting with the Secretary General of the Parliamentary Assembly of Black Sea Economic Cooperation, Asaf Hajiyev."Economic cooperation on the Black Sea was seriously affected by the invasion of Ukraine by Russia, and the ...
PM Ciolacu, on joint PSD-PNL electoral lists: There are discussions, we do politics
Wednesday, September 13, 2023
Prime minister Marcel Ciolacu declared, on Tuesday, during a visit to eastern Vrancea county, that there are discussions regarding the possibility of candidacies on joint Social Democratic Party (PSD) - National Liberal Party (PNL) lists for next year's elections.The PSD leader stated that he has a good collaboration with the liberals, but he also mentioned a series of problems from the past."It is normal that there are discussions, we do ...
Ciuca: There is no secret negotiation between PNL and PSD, any political option remains open
Wednesday, September 13, 2023
The president of the Senate, National Liberal Party (PNL) leader Nicolae Ciuca, stated on Tuesday that there is no secret negotiation between the PNL and the Social Democratic Party (PSD) for the creation of an alliance in the 2024 elections, noting that there are discussions between the two parties because they are in government and that "any political option remains open".He said that at the moment discussions are between the National Liberal Party and the ...
European Prosecution (EPPO) inspects General Aviation Inspectorate
Wednesday, September 13, 2023
The Bucharest branch of EPPO made investigations at the General Aviation Inspectorate, on Tuesday about purchases made from European funds. According to an EPPO press release, it is an ongoing investigation made in collaboration with the General Anticoruption Department (DGA) and the National Forensic Institute, about public pruchases financed from European ...
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, ...