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Presidential Administration: Relocation of the Romanian Embassy to Jerusalem violates international law

Monday, April 23, 2018

The president Klaus Iohannis, who has the final word on foreign policy issues, dismissed claims by a Liviu Dragnea, social-democrat party leader ( at rule), who said his country would be the first European Union member state to move its embassy in Israel to Jerusalem. President Klaus Iohannis on Friday denied in a statement the veracity ...

Palestinian ambassador's reaction to Government's intention to move Romanian Embassy to Jerusalem

Monday, April 23, 2018

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The Government's intention to move the Romanian Embassy from Tel Aviv to Jerusalem is an act that violates international law, the decisions of the Council of Europe and contradicts the position of the Romanian state regarding the resolution of the Israeli-Palestinian conflict, considers the representatives of the Embassy of the Palestine State in Bucharest.According to a press release issued on Friday, the Embassy of the Palestine State in Bucharest is concerned ...

Secretary of State: Romania Country Reports on Human Rights Practices for 2017

Monday, April 23, 2018

Romania is a constitutional republic with a democratic, multiparty parliamentary system. The bicameral parliament consists of the Senate and the Chamber of Deputies, both elected by popular vote. The country held parliamentary elections in December 2016 that observers generally considered to be free and fair and without irregularities. In 2014 the country held presidential elections in which electoral observers noted irregularities, including insufficient polling stations for ...

FIC: fiscal policies, poor infrastructure put off foreign investors

Monday, April 23, 2018

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Romania's fiscal policies and poor infrastructure and bureaucracy are making the country uncompetitive, the foreign investors' council in Romania, FIC, said on Friday. The massive investments anticipated by policy makers will fail to materialise unless trust is rebuilt, FIC said in a statement accompanying its annual business sentiment index survey. A total of 53 of FIC's 122 members responded in the ...

Study: Romanians’ salaries should have been 25% higher, according to labour productivity

Monday, April 23, 2018

The Romanians’ salaries should have been 25% higher in 2016, if they were according to labour productivity, calculations of the European Union Institute and the European Union Confederation, released by Cartel Alfa on Wednesday show. The study shows that salary increases in EU in the last 16 years should have been four times higher than fully reflected by productivity increase. “Between 2000 and 2016, productivity ...

Romanians want more economic stability and less corruption in EU - Study

Monday, April 23, 2018

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Romanians want EU to do more to solve problems like economic stability, reducing corruption, public policy and education, according to a study of the European Committee of Regions, which shows how Europe is perceived in regions and towns. As for preoccupations concerning corruption and the role of laws in the state, Romania ranks third among EU countries, after Bulgaria and Slovakia. “Mentioning education is interesting ...

Arab Company turns Great Braila Island into biggest fodder farm in the world

Monday, April 23, 2018

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Great Braila Island will become the largest alfalfa farm in the world. The transaction by which Al Dahra company of the United Arab Emirates will become the owner of Agricost will be signed soon, Mediafax mentions. Animal husbandry is an intense activity in the Emirates, and the 3-4 alfalfa crops per year will supply the Arabs’ farms. According to sources quoted by Ziarul Financiar at the end of March, the transaction ...

The net assets of the investment funds of Romania increased to 26.3 billion lei in March

Monday, April 23, 2018

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The net assets of the 198 funds opened and closed with the exception of SIF and FP local and foreign increased in March with 0.4% up to the level of 26.3 billion lei (5.7 billion euro) registering a drop of 0.1% since the beginning of the year, shows a press release of the Association of Funds Managers of Romania (AAF).The net sums of March were 328.7 million lei (70.5 million euro). The net assets of the 78 funds locally opened dropped in ...

MFP gives 6.12 million dollars for accession  to the Asian Bank for investmen in infrastructure

Monday, April 23, 2018

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The ministry of public finaces (MFP) is going to give, this year, 6.12 million dollars for accession of Romania to the Asian Bank for investments in infrastructure (AIIB),a draft law published on the site of the institution.‘On the basis of the memorandum approved by the Romanian government on 21 February 2017 the letter in which the accession of Romania as a member in the institution and through which the financial conditions were accepted  was sent to ...

Romanian banks to report money transfers from abroad over EUR 1,000

Monday, April 23, 2018

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The Romanian banks will be compelled to report all transfers of funds from a foreign country to Romania if the amount exceeds EUR 1,000, according to a law project proposed by the National Office for Prevention and Control of Money Laundering (ONPCSB), ...

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