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Isarescu: When there is such a deficit, it is strange to wonder if there is money to grant higher pensions

Wednesday, February 12, 2020

There are questions whether there is money to increase pensions are strange, in the context in which Romania has such high deficits, but  loans could be a solution, Mugur Isarescu, the governor of the National Bank of Romania declared at a press conference on Tuesday. He was asked by journalists if Romania can afford a 40% pension increase and doubling of allocations for children, when the European Commission intends to initiate the excessive ...

BNR: Repatriating Romania's gold reserve would cost 10-20 times more than storing it

Wednesday, February 12, 2020

Repatriating Romania's gold reserve would cost 10-20 times more than the commission paid to the Bank of England for storing it there, said, on Tuesday, the Governor of the National Bank of Romania (BNR), Mugur Isarescu, in a press conference."We will respect the law, the vote of the Parliament. But we sent our point of view, to the Government, to the Parliament, and we showed the true costs of repatriation, because in the public many statements were made and many ...

Ford Craiova estimates record output volume in 2020: over 1,000 vehicle built daily

Wednesday, February 12, 2020


In 2020, Ford Craiova will reach a new output record of 1,000 vehicles built in a day, one for every 67 seconds, the company announced on Tuesday. Ford Craiova exports vehicles in over 50 world markets. Since 2008 to the present day, Ford has invested 1.5 million euros at Craiova works. About 3400 jobs have been creates in the last three years and the total number of employees has reached 6300. Ford Romania confirms that the ...

Bill on Romania's Airspace Code, adopted in Chamber of Deputies

Wednesday, February 12, 2020

On Tuesday, the Chamber of Deputies unanimously adopted a bill on Romania's Airspace Code.The bill regulates civil and military aeronautical activities on Romania's soil and in its national airspace while establishing the bodies with responsibilities in the field of civil and military aviation administration, as well as the competences and attributions of other bodies in the field of aviation safety and security."The new provisions create a legal framework ...

Net nominal average salary up 5pct in December 2019, to 3,340 lei

Wednesday, February 12, 2020


In December 2019, the average gross nominal earnings were 5465 lei, with 269 lei (+5.2%) higher than the one registered in November 2019. The average net nominal earnings were 3340 lei, increasing as against the previous month with 161 lei (+5.1%). The highest values of the average net nominal earnings were recorded in computer programming, consultancy and related ...

PM Orban to meet today parliamentary party leaders to discuss early elections

Tuesday, February 11, 2020

Prime Minister Ludovic Orban meets on Tuesday at the Government House leaders of the parliamentary parties to discuss calling early elections.According to the Government's Press Office, Orban said Monday that the Liberals will take all necessary steps to reach early elections."We will continue discussions with the parliamentary political formations to reach an understanding in support of the early elections (...) We will take all the necessary steps to ...

No changes in the new Orban cabinet

Tuesday, February 11, 2020

Liberal leader Ludovic Orban wants to keep the old ministers in the new cabinet. A list of the new Orban government and an updated version of the government programme were submitted to Parliament on Monday.Doing the lodging was Ionel Danca of the ...

PSD established to file notification about legal conflict of a constitutional nature regarding designation of PM

Tuesday, February 11, 2020

The presidents of the two chambers of Parliament are going to file a notification with the Constitutional Court of Romania (CCR) regarding the legal conflict of a constitutional nature related to the designation of the Prime Minister, the President of the Chamber of Deputies, Marcel Ciolacu, interim leader of the Social Democratic Party (PSD), on Monday announced."We've had a prolonged meeting with our colleagues in the territory and we've made a strategy for this ...

În Vienna, ForMin Aurescu presents Romania's achievements in nuclear security

Tuesday, February 11, 2020


 Minister of Foreign Affairs Bogdan Aurescu on Monday co-presided the International Conference on Nuclear Security (ICONS 2020), which took place in Vienna, under the aegis of the International Atomic Energy Agency (IAEA), in which context he presented Romania's achievements in the nuclear security field and the cooperation with IAEA.According to a press release of the Ministry of Foreign Affairs (MAE), Minister Aurescu opened the works of the ministerial ...

Romania, committed to implement MoU with the U.S. on cooperating in civil nuclear energy

Tuesday, February 11, 2020

Romania is fully committed in implementing the Memorandum of Understanding with the U.S. Concerning Strategic Civil Nuclear Cooperation (NCMOU), signed in September 2019, Acting Foreign Affairs Minister Bogdan Aurescu said at the meeting with United States Secretary of Energy Dan Brouillette.According to a Foreign Affairs Ministry (MAE) release, the respective document "opens common development possibilities of energy capacities of our ...

Ambassador Kuzmin: Brussels makes the states in the Eastern Partnership to choose:either with the EU or with Russia

Tuesday, February 11, 2020


The leaders of the European Union makes the states in the Eastern Partnership to have a ‘ tough choice’ between the EU and Russia stated on Monday the ambassador of the Russian Federation to Bucharest, Valery Kuzmin.‘Unfortunately, Brussels, by its practical actions, especially in the Eastern Partnership makes constantly the states to have a tough choice: either with the European Union or with Russia. We have objected to this approach since our ...

ForMin Aurescu pleaded for increased presence of Romanian experts in leadership positions at the OSCE

Tuesday, February 11, 2020

Minister of Foreign Affairs Bogdan Aurescu on Monday had a meeting in Vienna with the Secretary General of the Organisation for Security and Cooperation in Europe (OSCE), Thomas Greminger, in which context he pleaded for an increased presence of the Romanian experts in leadership positions at the OSCE, informs a release sent by the Ministry of Foreign Affairs (MAE).The two officials approached several topics on the agenda of this organisation, including the ...

2019 trade deficit widens to 17.28 bln euros

Tuesday, February 11, 2020


In the year 2019, the FOB exports amounted to 69002.8 million euro and the CIF imports amounted to 86283.5 million euro. In the year 2019, the exports increased by 1.9% and imports by 4.2%, compared to the year 2018. In the year 2019, the FOB-CIF commercial deficit was of 17280.7 million euro, 2164.2 million euro more than in the year 2018. ...

EC decised to earnmark 53 mln euro to Romania for charging stations

Tuesday, February 11, 2020

Economy, Energy and Business Environment Acting Minister Virgil-Daniel Popescu welcomes the European Commission decision regarding the allocation of 53 million euro for the extension programme in Romania of charging stations for low-emissions vehicles.According to a release of the relevant Ministry, the Economy Minister had a working meeting in Brussels on Monday with Executive Vice-President and Competition Commissioner Margrethe Vestager, European Commissioner ...

Analysis: Business in the technological sector will reach in 2020 the level of 55 billion lei

Tuesday, February 11, 2020

Business in the technological sector of Romania, from research-development in engineering to automated equipment and software will reach this year the level of 55 billion lei, figure higher than double against that of 2010, according to an analysis made by experts of Frames and the Industrial Academy.According to them, the Romanian industry is on the point of strategic decisions and has to take a step towards robotics and digitization, towards Factory 4.0 in ...

Natural growth stays negative in December

Tuesday, February 11, 2020

In December 2019 the number of recorded births decreased compared to November 2019. The number of recorded deaths and the number of recorded deaths of children under 1 year rose in December 2019 compared to November 2019. The number of recorded marriages increased and the number of recorded divorces dropped in December 2019 compared to November ...

Romania, close to the EU average when it comes to the share of women in science and technology

Tuesday, February 11, 2020

In 2018, of almost 15 million scientists and engineers in the EU, 59% were men and 41% women. Men were particularly ...

Study: Half of young Romanians want to leave the country

Tuesday, February 11, 2020

Latest statistics reveal concerning data, that half of Romanian youngsters want to leave the country, for better living conditions and wages in other western countries. Migration experts say that the ‘youth drain’, which has been already happening in Romania for almost 30 years will not stop too soon unless authorities take serious measures. Almost half of young people aged 16 to 34 in Romania have already made plans to leave the ...

George Enescu International Festival shortlisted for International Opera Awards 2020

Tuesday, February 11, 2020


The Bucharest-hosted George Enescu International Music Festival has been nominated for the first time for an International Opera Award 2020 to reflect the increasingly sustained promotion of opera in the festival's events.According to a press statement released on Friday, the festival is about to support its nomination by presenting to the jury the schedule devoted to opera in its 2019 edition.Winners are to be announced at a gala to be hosted by the ...

Orban announces he will submit to Parliament on Monday Gov't list, updated governing program

Monday, February 10, 2020

Premier-designate Ludovic Orban announced on Friday in Bals - Olt County, that he will submit on Monday to Parliament the list of proposed ministers and the updated governing program in order to start procedures for the installation of the new government, yet not before calling a meeting of the National Liberal Party's National Political Bureau.Asked about the possibility that Parliament rejects the proposed lineup, the Prime Minister replied: "It's a mandatory ...

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