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EC's Vice President Dombrovskis: We are concerned with Romania losing competitiveness, current account deficit

Friday, April 5, 2019

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Romania loses on the competitiveness front and we are also concerned with the country's current account deficit which might affect the convergence efforts, European Commission's Vice President in charge of Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union Valdis Dombrovskis told a conference on Thursday.The analysis regarding Romania shows that it's important that the economy and the people's living standard have ...

MF: Romania attracted 3 B euros from external markets

Friday, April 5, 2019

The Ministry of Finance (MF) on Thursday cashed funds worth 3 billion euros after issuing Eurobonds on the international market on March 27, with the amount to be used to strengthen the existing reserve of the State Treasury at a level that can cover more than 7 months of the financing needs in 2019, informed the institution. "The funds generated by the issue of Eurobonds launched on the international market on March 27, 2019, reached 3 billion euros, which ...

Fondul Proprietatea may appeal OUG 114 at the European Court of Justice

Friday, April 5, 2019

Fondul Proprietatea announced that it was considering appealing OUG 114/2018 at the European Court of Justice in order to stop its implementation due to the financial damages to companies, according to Johan Meyer, the Fund’s portfolio manager and the administrator of Franklin Templeton Investment Bucharest. “Thanks to the changes announced late last week, there is the potential that the change thorugh ...

Timmermans: I warn the Romanian Government not to take action to affect the judiciary

Thursday, April 4, 2019

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Frans Timmemans, the first Vice-President of the European Commission, said on Wednesday he was warning the Bucharest government not to take action to affect the judiciary, noting that he had many talks with Prime Minister Viorica Dancila over the past two months: „... let me refer to the situation in Romania. I also updated the College about the developments in Romania. Romania urgently needs to put the reform process back on track. This means ...

Tajani: Kovesi has Parliament’s support as candidate for EU public prosecutor

Thursday, April 4, 2019

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President Tajani demanded that the Romanian authorities stop obstructing Laura Codru?a Kovesi’s candidacy to the European public prosecutor’s office. Laura Codru?a Kovesi has been placed under judicial regime in Romania, banned from leaving the country without authorisation and cannot make statements to the press, said President Tajani at the opening of the session in Brussels. On behalf of the European Parliament, President Tajani ...

Embassies of 12 states call on Bucharest authorities to avoid changes that would weaken rule of law

Thursday, April 4, 2019

The embassies of twelve states that are Romania's international partners and allies, including France, the US and Germany, express concerns about the rule of law in Romania and call on all parties involved in drafting emergency government ordinances modifying justice sector laws "to avoid changes that would weaken the rule of law and Romania's ability to fight crime or corruption".The joint document, released on the Facebook pages of the embassies of France and ...

PM Dancila says surprised by First Vice President of the European Commission Timmermans statements

Thursday, April 4, 2019

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Prime Minister Viorica Dancila on Wednesday said she is surprised by the statements made by First Vice President of the European Commission Frans Timmermans, arguing that there has been total openness on the Romanian authorities' behalf towards the steps our country has to take."The statements by EC First Vice President Frans Timmermans surprised me, given that there has been and there is total openness as regards the steps we have to take. I've put together a ...

Justice Minister Toader replies to EC warnings: Let them stop expressing electoral ‘concerns’

Thursday, April 4, 2019

Justice Minister Tudorel Toader has answered on Wednesday to the warnings from the European Commission, saying ...

Laura Codruta Kovesi: Court ruled to lift judicial control ordered in my case

Thursday, April 4, 2019

The Supreme Court upheld this Wednesday the complaint of former anti-corruption head Laura Codruta Kovesi and ruled to lift the judicial control imposed on her by the Magistrates' Investigation Section in the case where she is charged of abuse of office, bribery and false testimony in connection with the repatriation of fugitive former FNI director Nicolae Popa. The decision of the Supreme Court was announced by Kovesi who was present in the courtroom as the ruling was ...

Victor Ponta: The ruling PSD in Romania is becoming like Fidesz

Thursday, April 4, 2019

In a wide-ranging interview, the former Romanian Prime Minister Victor Ponta, who has founded a new centre-left force, Pro-Romania, doesn’t mince his words criticising his former party, the ruling PSD. The Party of European Socialists (PES) should, if necessary, show PSD the red card, he says. Victor Ponta served as Prime Minister between May 2012 and his resignation in November 2015. In the 2014 presidential election, he made it to the ...

Montenegrin Prime Minister Dusko Markovic, welcomed at Cotroceni Presidential Palace

Thursday, April 4, 2019

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President Klaus Iohannis stressed on Wednesday upon welcoming Prime Minister Dusko Markovic the very good level of the political relations between Romania and Montenegro, as well as the need for them to be transposed into bilateral sectoral cooperation at a a similar level, especially in the economic field, applauding the upward trend in the value of trade between the two countries and underlining the importance of stimulating them.Montenegrin Prime Minister Dusko ...

Markovic: Romania isn't just a friend, but a partner with EU experience that can help Montenegro

Thursday, April 4, 2019

 Romania is not just a friend to Montenegro, but also a partner that can help our country with its experience gained as a member of the EU, Prime Minister of Montenegro Dusko Markovic stated on Wednesday."We discussed about the bilateral relation collaboration at NATO level, and also about the potential future collaborations. Montenegro is a NATO state and is also negotiating its accession to the European Union, in which capacity it wishes to further develop ...

Isarescu confirmed that the OUG draft which changes the banks’ tax was made by BNR

Thursday, April 4, 2019

The governor of the BNR Mugur Isarescu did not deny on Tuesday that the representatives of the institution collaborated with the experts of the ministry for public finances (MFP) to modify the tax on the banks assets, but he avoided to give a straight answer. ‘I hope you did not forget that through two decisions of the Macroprudential committee out of which the National Bank of Romania, the ministry of finances and ASF and the authority for ...

Romanian companies interested in the technical and technologic domain, pharma and chemical industry in Tunisia

Thursday, April 4, 2019

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The chairman of the Chamber of Commerce and Industry of Bucharest (CCIB), prof.dr.eng.Sorin Dimitriu had a meeting with his excellency Raja Jhinaoui Ben Ali, the extraordinary and plenipotentiary ambassador of the Republic of Tunisia to Bucharest, shows the press release sent by the CCIB press office. The main objective of the meeting aimed at the identification of concrete ways to develop economic and commercial bilateral relations, in the context ...

New Ford Puma to be manufactured at Craiova plant

Thursday, April 4, 2019

Ford Puma will be manufactured this year at the plant in Craiova, where the Ford EcoSport and the EcoBoost are currently being manufactured, Ford reported on Wednesday."Puma will go on sale at the end of the year, and will be produced with exceptional craftsmanship and quality at Ford's Craiova Assembly Plant, Romania, following nearly 1.5 billion euro investment since 2008," according to a press statement released by Ford.Puma joins Ford's expanding ...

 Retail turnover up 8 pct in January-February

Thursday, April 4, 2019

Compared to the previous month, in February 2019 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) decreased both as gross series by 2.1% and as adjusted series according to the number of working days and to seasonality by 0.2%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased ...

Bucharest leads în the top counties in Romania by export value in 2018

Thursday, April 4, 2019

Romania’s trade gap expanded by 16.7 percent in 2018, reaching EUR 15.1 billion – nearly 8 percent of GDP – according to the National Institute of Statistics (INS). By county, the INS’s latest data on the first 11 months of 2018 show that out of a total of 42 regions (41 counties plus Bucharest), 25 record a surplus in the import-export balance and only 17 have recorded a deficit. The biggest ...

Observing rule of law in Romania on agenda of European Commissioners' College meeting

Wednesday, April 3, 2019

The European Commissioners' College will discuss on Wednesday the situation of the rule of law in Romania, a spokesperson of the Commission wrote on Twitter. She said the Brussels executive “should act to defend the rule of law.” “The European Commission should act to defend the rule of law. My colleague will discuss the present situation of the rule of law in Romania tomorrow,” Mina Andreeva, a spokesperson of the European ...

NATO Secretary General sends message on 15th anniversary since Romania's accession to NATO

Wednesday, April 3, 2019

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NATO Secretary General Jens Stoltenberg conveyed to President Klaus Iohannis a message on the occasion of celebrating 15 years since Romania's accession to the North Atlantic Alliance.This year, we mark 15 years since Romania joined NATO, the most powerful Alliance in history. The enlargement of NATO was a great success, a catalyst for stability and prosperity. It enriched our Alliance with new voices, new experiences and new capabilities. Romania, like all NATO ...

Parliament adopts Declaration, on 15th anniversary of Romania's NATO membership

Wednesday, April 3, 2019

Parliament reaffirms its attachment to NATO principles, values and goals and firmly supports a strong Alliance and the strengthening of the transatlantic relationship, indispensable for Euro-Atlantic security, shows the Declaration adopted on Tuesday by the Legislature on the occasion of the 15th anniversary of Romania's accession to the North-Atlantic Alliance and 70 years of NATO existence."In the context of the 15th anniversary of Romania's accession to NATO ...

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