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Friday, November 29, 2019

Relative stability of activity in manufacturing and retail trade ? Relative stability in the number of employees in manufacturing and services Moderate price growth in manufacturing and construction Manufacturing According to the business tendency survey of November 2019, managers from the manufacturing industry forecast a ...

PwC Paying Taxes Report: Romania went up to 32nd world position, before Czech Republic, Slovakia and Hungary

Friday, November 29, 2019


 Romania went up this year to the 32nd position in the world PwC Paying Taxes 2020 top, part of Doing Business Report of the World Bank, which measures how easily can a company pay it taxes. In last year's edition, Romania ranked 49th. At world level, the ease with which a company pays its taxes remained relatively stable. Romania surpasses this year, other countries from Central and Eastern Europe, such as the Czech Republic (53rd), Slovakia ...

Another suspect arrested in Caracal Case, accomplice of Gheorghe Dinca in raping Luiza Melencu

Friday, November 29, 2019

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) has announced on Wednesday that it had detained an accomplice of the alleged Caracal murderer Gheorghe Dinc?. A 46-year-old man is charged that, ...

Colliers report : Romanians spend an average of EUR 8.7 a month for culture and recreation

Friday, November 29, 2019

* The entertainment offer in shopping centers is a top preference for consumers in Central and Eastern Europe. The entertainment segment has grown massively in Central and Eastern Europe (CEE) in recent years. The analysis of 13 countries (Albania, Belarus, Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Ukraine) shows that the leisure segment in shopping centers is dominated by ...

CSAT approved the purchase of another five F-16s

Thursday, November 28, 2019


The Supreme Council for the Country's Defence (CSAT) established, on Wednesday, Romania's objectives for the NATO reunion, which will take place December 3 and 4, in London."We set Romania's objectives for that NATO session. (...) We will emphasize two things. We will reiterate the importance of the Black Sea for NATO, the Eastern Flank and Romania. The second topic is that Romania is still determined to allot 2 pct of the GDP for Defence. Otherwise, I am an adept ...

European Parliament elects the von der Leyen Commission

Thursday, November 28, 2019

New Commission approved by 461 votes to 157 against, with 89 abstentions College of Commissioners to take office on 1 December for five years Hearings process established suitability of candidates First woman Commission President and the largest proportion of female Commissioners to ...

Klaus Iohannis, Charles Michel discuss future EU budget, climate change, Brexit deal

Thursday, November 28, 2019


President Klaus Iohannis discussed, on Wednesday, with the future President of the European Council, Charles Michel, about the Single Market, EU security, the need for a strong foreign policy, climate change, policies in the realm of global warming, and the multiannual budget of the Union."We discussed about money too, about the financial exercise that will take the next seven years. We all feel the need to finalize the project in the most optimistic version, but ...

President Iohannis: I believe it would be really good to move toward early elections next spring

Thursday, November 28, 2019

President Klaus Iohannis Wednesday opted for early elections in the spring, showing that he will have discussions on this topic with all political leaders."I will have discussions with all the political leaders. I have always talked with all the political leaders, because at the top of the state it does not matter whether you like someone or not, we do politics and I want to do politics in such a way as to yield results," President Iohannis said at Cotroceni ...

Ciolacu: PSD lost the elections due to the events of 10th August as well; the payment was due

Thursday, November 28, 2019

The interim chairman of the Socialist Democrat Party - PSD Marcel Ciolacu stated on Wednesday that the events of 10th August were managed ‘wrongly and hazardously’ and PSD had to pay, this being the cause for which they lost the elections.  ‘We paid, we lost the elections. So, the payment for 10th August PSD has got it. And due to the events of 10th August PSD lost the elections’ Ciolacu said. The ...

Chamber of Deputies tacitly passes bill To disband Special Section for Investigating Magistrates

Thursday, November 28, 2019

The Chamber of Deputies has tacitly passed the draft law initiated by USR that targets to disband the Special Section for Investigating Magistrates. The initiators argued that there no reasons to justify the ...

PM Orban: We'll try to make corrections to Ordinance No.114 - a criminal normative act

Thursday, November 28, 2019

The Government will try to correct Ordinance No.114, Prime Minister Ludovic Orban has stated within a conference at the Bucharest University of Economic Studies on Wednesday, labeling this normative act as a "criminal" one.He participated in the conference called "Budget and Taxation 2020: From public policy to Business" organised by CursDeGuvernare.ro, with the support of the American Chamber of Commerce in Romania (AmCham) and the Bucharest University of ...

Infrastructure projects in south and west of country, analysed by Transport minister and Ford Romania president

Thursday, November 28, 2019

Infrastructure projects in the south and west of the country, such as the expressway Craiova - Pitesti, the status of the railway line connecting Craiova to Vama Nadlac and the Craiova - Calafat railway were analysed on Wednesday by Minister of Transport Lucian Bode and Ford Romania President Ian Pearson.According to a press release from the relevant ministry, the discussions between the two officials focused on three major levels, for each project, namely the ...

Alina Bica's appeal was rejected this Wednesday

Thursday, November 28, 2019

Police issued an all-points bulletin for former head of the Directorate for Investigating Organised Crime and Terrorism (DIICOT) Alina Bica, listing her as "absconder from the enforcement of a prison sentence", after she was definitively sentenced on Wednesday by the High Court of Cassation and Justice to 4 years in prison in a case where she was charged with aiding and abetting businessman Ovidiu Tender.Alina Bica, who fled to Costa Rica, appears on the website ...

Vasilescu (BNR): The most expensive credit in the European Union can be found in Romania

Thursday, November 28, 2019

The most expensive credit in the European Union can be found in Romania because we have a low degree of intermediation, and the profit is made from the margins, stated, on Wednesday, Adrian Vasilescu, strategy consultant at the National Bank of Romania (BNR)."Even if the interest rates are low, Romanian banks have more money than there is demand. The offer is higher than the demand. And still the interest is high. For what reason? The ARB director has a chart that ...

Daniel Daianu: if we proposed a deficit of 3.5% in 2020 it would be a performance

Thursday, November 28, 2019


A budgetary deficit of 3.5 – 3.6% for next year would be a performance, but to get to 3% is impossible, stated on Wednesday the chairman of the Fiscal Council, Daniel Daianu, at the conference ‘Budget and fiscality 2020: from the official policy to the business environment’ . ‘The budget of 2020 places the seed for the budget of 2021 as the increase of 1 September 2020 triples in 2021. Good people, there is no game here! The ...

National Commission for Strategy and Prognosis revises downwards to 4pct estimates on 2019 economic growth

Thursday, November 28, 2019

The National Commission for Strategy and Prognosis (CNSP) has revised downwards the estimates for the 2019 economic growth, closer to the lower level of 4.0 pct, as compared to 5.5 pct as estimated in the spring forecast, taking into account the sectoral statistical data of the national accounts available for the first semester of the current year.CNSP also lowered the forecast for 2020, to 4.1 pct, compared to 5.7pct, as recorded in the spring ...

Project allowing Romanian forest rangers to carry guns adopted by the Chamber of Deputies

Thursday, November 28, 2019

The Chamber of Deputies adopted on Wednesday, November 27, a project allowing forest rangers to carry lethal or non-lethal service guns. The project amends a draft law on changing the status of forestry personnel initiated by the Social Democratic Party (PSD) and the Alliance of Liberals and Democrats (ALDE), ...

Bucharest, among the cheapest cities in Europe for international schools

Thursday, November 28, 2019


Bucharest is cheaper than the average city in Europe for international schools, according to a research conducted by the International Schools Database, which reveals the cost of international education around the world in 2019, as well as by region. In Europe, Switzerland is the most expensive country for international schooling. Zurich, Geneva and Lausanne take the top three spots in the International Schools Database’s ranking, with ...

Marcel Ciolacu - interim Chairman of PSD; Dancila resigned, PSD leadership dissolved

Wednesday, November 27, 2019


After a tense Executive Committee that last more than six hours, Viorica Dancila, chairwomen of the Social Democratic Party (PSD) and former prime-minister, has resigned from office. In her place, Marcel Ciolacu,the current speaker of the House of Deputies, has been appointed as interim Chairman, leader of the PSD District 1 Dan Tudorache announced at the end of the National Executive Committee (CExN) meeting.According to him, the Stranding Bureau of the party was ...

European Council President-elect Charles Michel at Cotroceni Palace on Wednesday

Wednesday, November 27, 2019


President Klaus Iohannis will welcome at the Cotroceni Presidential Palace on Wednesday European Council President-elect Charles Michel, the Presidential Administration informed. According to the quoted source, Charles Michel's visit to Bucharest is part of a tour preparing his takeover of the helm of the European Council on 1 December 2019. Thus, through the meetings with leaders of the European Union, the future President of the European Council intends to ...

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