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Iohannis: Romania - reliable ally, promoter of NATO values, stability pillar in Black Sea region

Wednesday, April 3, 2019

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Romania will continue to be a reliable ally, a promoter of NATO values and a pillar of stability and security in the Black Sea region, President Klaus Iohannis said on Tuesday in Parliament."In 70 years of existence NATO has become the only organization that can provide a robust security environment, with effective security guarantees for all its members. The joint effort of all allies has allowed the organization to assert itself globally as a guarantor of ...

Secretary Pompeo's Meeting With Romanian Foreign Minister Melescanu în Washington

Wednesday, April 3, 2019

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Secretary Michael R. Pompeo met in Washington, DC, with Romanian Foreign Minister Teodor Melescanu. According  the US Department of State website,they discussed our close security cooperation with Romania, a stalwart NATO Ally meeting its defense burden-sharing commitments, and the challenges facing NATO on its eastern flank. They specifically spoke about Russian aggression in the Black Sea and Romania’s role in contributing to the security and stability of the ...

American B-52 strategic bomber trains in Romania's airspace

Wednesday, April 3, 2019

An American B-52 strategic bomber this Tuesday performed training activities in Romania's airspace, in the area of the 'Getica' Joint National Training Center in Cincu - Brasov County, the Ministry of Defense informed in a release.According to the cited source, the training was conducted under the coordination of the Air Force Staff - Air Operational Component, together with Forward Air Control and Joint Terminal Attack Controller elements of the Romanian air and ...

Multinational exercise "Sea Shield 19" : 20 military ships and 2,200 troops participate in largest NATO exercise in Black Sea

Wednesday, April 3, 2019

"Sea Shield 19" - the largest NATO exercise in the Black Sea, which will take place over April 5-13, will gather 20 military ships from six countries, as well as approximately 2,200 military who will exercise joint combat procedures against underwater, aerial and surface threats, adjusted to the security threat typology in the Black Sea region, informs the General Staff of Romanian Naval Forces."The Romanian Naval Forces will organise, over April 5-13 2019, the ...

The Council of Europe published its annual penal statistics:Romania, country where the imprisonment rate has decreased the most

Wednesday, April 3, 2019

Eight countries reported a serious overall problem of overcrowding in their prison administrations: North Macedonia (122.3), Romania (120.5), France (116.3), Italy (115.0), Republic of Moldova (113.4), Serbia (109.2), Portugal (105.9) and the Czech Republic (105.6). Another four had a prison density above 100 inmates per 100 places Greece (101.0), Austria (100.7), Slovenia (100.5) and Denmark (100.5). The prison administrations with the ...

PSD Treasurer Mircea Draghici charged of embezzlement, use of subsidies for other purposes

Wednesday, April 3, 2019

Treasurer of the Social Democratic Party (PSD – ruling party) Mircea Draghici was officially charged by the National Anticorruption Directorate (DNA) for embezzlement and using subsidies for purposes other than those they had been intended for, in a case dealing with the spending of the money received by the party as subsidies.According to a DNA release, in his capacity as PSD Treasurer and having the authority to manage the party's assets and funds, Mircea ...

BNR keeping monetary policy rate at 2.50pct pa

Wednesday, April 3, 2019

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The Administration Board of the National Bank of Romania (BNR) on Tuesday decided to keep the monetary policy rate at 2.50 percent per annum, and maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.According to a BNR news statement, the board also decided to leave unchanged the deposit facility rate at 1.50 percent per annum and the lending facility rate at 3.50 percent ...

BNR to hold special meeting on bringing back international gold reserve

Wednesday, April 3, 2019

Romanian central bank (BNR)’s board will hold a special meeting following the adoption by the Senate of a draft law introduced by PSD leader Liviu Dragnea and senator Serban Nicolae to force BNR to bring almost all of Romania’s gold back from reserves being held at the Bank of England in London. “Let’s see how it will show the final form of gold repatriation law. The opinion we will send will be done professionally and with our ...

THE EVOLUTION OF INDUSTRIAL PRODUCTION PRICES IN FEBRUARY 2019

Wednesday, April 3, 2019

In February 2019, industrial production prices for the total (domestic market and non-domestic market) were up 1.1% from January 2019. Industrial production prices for the total (domestic market and non-domestic market) increased by 4.8% in February 2019 compared to February 2018. Industrial production prices for both the domestic and foreign market increased by 4.8 ...

Most wanted jobs in March: drivers, accountants and engineers

Wednesday, April 3, 2019

The search for a new job increased by 12 percent in March compared to the previous month and 20 percent compared to March 2018, according to the searches counted by BestJobs.ro. Most wanted jobs were drivers, accountants, engineers and HR specialists. For the third consecutive month, the jobs in the transport, financial and accounting fields and engineering were most sought after by Romanian employees, with a total volume ...

Relations with Romania have become ‘heavier’, Commission admits

Tuesday, April 2, 2019

The European Commission admitted on Friday (29 March) that relations with Romania, the holder of the rotating EU presidency, had become “heavier” because of the case of Laura Codru?a Kövesi, the top candidate for the post of the chief European prosecutor, euractiv.com reads. Commission chief spokesperson Margaritis Schinas was asked to comment on the news from Bucharest that Kövesi had been placed under “judicial ...

President Iohannis wants to consult with parliamentary parties on referendum

Tuesday, April 2, 2019

After having discussed the previous week the subject of the referendum with representatives of the civil society, President Klaus Iohannis will also consult with parliamentary parties and formations on this matter.In an informal discussion with journalists at the end of the press statement made to announce that he will ask Parliament for a new consultation to extend the scope of the referendum planned for May 26, President Iohannis said that he will also consult ...

Liberals to sue PSD over electoral flyers distributed to pensioners through the Romanian Post

Tuesday, April 2, 2019

Liberals ( PNL- opposition) will sue the Social Democrat Party (PSD) for concluding a protocol with the state-owned Romanian Post through which the ruling party is distributing PSD electoral flyers to the pensioners. National Liberal Party chairman Ludovic Orban has announced on Monday that his party will take PSD to court, accusing the Social Democrats of turning the Romanian Post „into a PSD branch”.Meanwhile, the Romanian Post ...

"Justice, easy victim in Toader's hands" motion filed by PNL in Senate

Tuesday, April 2, 2019

The National Liberal Party (PNL - opposition) parliamentary group filed a motion in the Senate's plenary session on Monday, entitled "Justice, easy victim in Toader's hands." "Please order the necessary measures so as to start the legal procedure for its debate", Liberal senator Florin Citu called on Claudiu Manda, the chairman of the meeting. The signatories of the motion demand that the Justice minister abandon "the undesirable amendments ...

Commissioner Miguel Arias Canete started a visit to Bucharest, April 1-2

Tuesday, April 2, 2019

European Commissioner for climate action and energy Miguel Arias Canete is paying a visit to Bucharest on April 1 and 2, 2019.According to the Representative Office of the European Commission in Romania, on Monday, the European official is set to participate in the meeting "Regional Cooperation Initiative in Energy Field in Central and South-Eastern Europe," and on Tuesday he will attend the Informal meeting of energy ministers, presided by Energy Minister Anton ...

International reserves – March 2019

Tuesday, April 2, 2019

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On 31 March 2019, the National Bank of Romania’s foreign exchange reserves stood at EUR 32,030 million, compared to EUR 32,491 million on 28 February 2019. During the month, the following flows were recorded: EUR 997 million worth of inflows representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts, inflows ...

USR asks for FinMin’s resignation for forging data on the budget deficit

Tuesday, April 2, 2019

  Save Romanian Union (USR - opposition) is asking for the Finance minister’s resignation, accusing him of forging the statistics of the budget deficit for 2018 by „sabotaging the national economy”. „It has been increasingly clear in the past months that the Romanian state was not coping with the expenses anymore. The deficit target of 3 per cent was as good as surpassed. That’s why the state was in the ...

Budget records deficit in February, negative balance hits 0.51pct of GDP in first two months of 2019

Tuesday, April 2, 2019

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The general consolidated budget recorded deficit in February 2019, given that the first two-month execution sees a RON 5.2 billion (0.51pct of the gross domestic product) deficit, down against the negative balance of RON 5.5 billion (0.58pct of GDP) recorded in last year's similar period.In January 2019, the budget saw a surplus of RON 700 million (0.07pct of GDP).According to data released by the Ministry of Public Finance (MFP) in the first two ...

FinMin Teodorovici announces the first budgetary amendment in July

Tuesday, April 2, 2019

The minister of public finances Eugen Teodorovici stated on Monday that there will be a budgetary amendment until the end of July. The first meeting with the mayors who are dissatisfied with the budgetary allocation will take place in the days to come. The minister of finances added that the income of the local communities can be different than the estimated ones, for example as a result of a trading of last year which this year does not exist ...

Finance Ministry to borrow RON 3.62bn in April

Tuesday, April 2, 2019

The Finance Ministry intends to borrow from the commercial banks RON 3.62 billion in April, including the additional amounts, by 46.5% more than in March, the ministry informs in a release. In March the Finance Ministry borrowed RON 2.47 billion, but has attracted EON 2.827 billion, of which RON 2.727 billion the orientative target amount, the National Bank figures reveal. Seven sessions are schedule to get the loans. The ...

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