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CSM's negative opinion on revoking Kovesi, motivated and sent to decision-makers

Monday, March 19, 2018


The negative opinion on the proposal to revoke Laura Codruta Kovesi from the post of chief prosecutor of the National Anticorruption Directorate (DNA) was motivated and forwarded to the decision-makers, the Section for Prosecutors of the Superior Council of Magistracy announced on Friday."Following the unfavorable opinion on the proposal of the minister of justice to dismiss Laura Codruta Kovesi from the post of chief prosecutor of the National Anticorruption ...

Presidency: No CSAT decision approving protocols between Romanian Intelligence Service and anti-corruption agency

Monday, March 19, 2018

 The Supreme Council for National Defence (CSAT) issued no decision to approve the signing of protocols between the Romanian Intelligence Service (SRI) and the National Anticorruption Directorate (DNA), the Presidential Administration said in a release this Friday."There is no Supreme Council for National Defence decision to approve the closing of protocols between the Romanian Intelligence Service and the National Anticorruption Directorate or between the ...

MAE joins declaration of HR Federica Mogherini on illegal annexation of Crimean Peninsula

Monday, March 19, 2018

The Foreign Affairs Ministry (MAE) supports and joins the declaration of High Representative of the European Union for Foreign Affairs and Security Policy (HR) Federica Mogherini regarding the illegal annexation of the Crimean Peninsula, according to a press release sent on Saturday."Four years after the illegal annexation by the Russian Federation of the Autonomous Republic of Crimea and the city of Sevastopol, Romania strongly condemns, once again, the violation ...

Vladimir Socor: Russia  follows two projects for federalisation in Europe- for the Republic of Moldova and for Ukraine

Monday, March 19, 2018

Russia is interested in two projects for federalisation in Europe, for the Republic of Moldova and for Ukraine, stated on Thursday the analyst Vladimir Socor, at the debate organised by the Fundatia Universitara a Marii Negre  ( the University Foundation of the Black Sea) with the issue ‘ Moscow does not believe in tears. Neither does America. What will the Eastern border of Romania look like?’. ‘Russia is interested in two ...

NATO Secretary General Jens Stoltenberg's annual report: In terms of equipment expenditure, Romania is first

Monday, March 19, 2018

Romania is ranked first in NATO in terms of equipment expenditure as a share of defence expenditure, according to NATO Secretary General Jens Stoltenberg's 2017 annual report, according to country's Ministry of Defence (MApN)."The MApN welcomes NATO Secretary General Jens Stoltenberg's annual report released at the Alliance headquarters yesterday, March 15. According to the document, Romania's defence expenditure increased significantly in 2017, approaching the ...

Under Romania's EU Council Presidency, 250 meetings will be held in the country, 1,400 in Brussels

Monday, March 19, 2018


Minister-delegate for European Affairs Victor Negrescu told Europa FM private radio broadcaster in an interview on Friday that in the six months in which Romania holds the EU Council presidency, about 250 meetings in the country and 1,400 in Brussels will be held."We are talking about a national effort. In fact, in order to have a successful presidency, we need everyone, we need people in the public system, but we need people to get involved. That is why from the ...

The Romania - France Season to be carried out during the Romanian Presidency of the Council of EU

Monday, March 19, 2018


Culture and National Identity Minister George Ivascu met with President of the French Institute Pierre Buhler, occasion on which he stated that he would like to receive expertise from the French side in drafting the Heritage Code."We are in an extremely important year for Romania, the year of the Greater Union Centennial. Besides the chance of promoting together the Romania - France Season, I would like to continue our collaboration at specialists level and ...

BNR's Isarescu takes issue with bills being discussed without an impact assessment report

Monday, March 19, 2018

The fact that it has become customary practice for bills to enter debate without an impact assessment should set us thinking, National Bank governor Mugur Isarescu on Friday told the conference "Financial Inclusion - From Speech to Deeds", stating that back in the '90s a bill would not have reached Parliament unless accompanied by an impact assessment report."The fact that laws are now being discussed without an impact assessment report should set us thinking. ...

Finance minister: Romanian administration is outdated in its mindset

Monday, March 19, 2018

Eugen Teodorovici, the Public Finance minister, said Friday that the Romanian administration is old – not biologically, but in its mindset and its openness to change, and young people hold the solution, business-review.eu reports. Teodorovici said that younger people who want to change the way things are done need support and that it’s the only way for things to improve, so that young people can stay in Romania without being tempted to ...

For 2018, the IMF estimates a 5 percent increase of GDP

Monday, March 19, 2018

For 2018, the IMF estimates a 5 percent increase of the Gross Domestic Product (GDP) and on a medium-term, it forecasts a slowdown of the economic advance of up to 3 percent.  Banks in Romania are well capitalized and non-performing loans (NPLs) have declined to 6.4 percent of total loans in December 2017, close to the EU average, reads the document published on Friday by the International Monetary Fund (IMF), after consultations with Romania on ...

The National Bank of Romania says NO to gold repatriation exodus from GB

Monday, March 19, 2018

The gold reserves of Romania, in total of 103.7 tons, are stored in three countries, according to the National Bank officials.  Central banks around the world have been building up their gold stockpiles to make sure they are stored on soil they can trust, business-review.eu informs. Two years ago, the institution announced that 60 percent of the gold reserves are stored abroad. Now the situation changed, and almost 60 tons of the gold is ...

Eurostat: Romania, the highest annual inflation in the EU in February

Monday, March 19, 2018


European Union annual inflation dropped to 1.3 percent in February 2018, down from 1.6 percent in January, but the highest annual rates were recorded in Romania (3.8 percent), Estonia and Lithuania (both 3.2 percent), according to Eurostat figures, the statistical office of the European Union. The lowest annual rates were registered in Cyprus (-0.4 percent), Greece (0.4 percent), Denmark and Italy (both 0.5 percent). Compared ...

Euro trades at 4.6646 lei on Friday

Monday, March 19, 2018

The exchange rate of the national leu currency resulting from the quotations announced on Friday by the banks authorised to operate on the currency market is as follows:CURRENCY SYMBOL RON1 Euro EUR 4.66461 US dollar USD 3.78331 Swiss franc CHF 3.98601 British pound GBP 5.2815100 Japanese yen JPY 3.5796 1 Moldovan leu MDL 0.22841 Russian rouble RUB 0.06571 new Turkish lira TRY 0.96701 Chinese renminbi CNY ...

FDI drops to 310 million euro, in January

Monday, March 19, 2018

 Last year's foreign direct investment in Romania dropped to 310 million euro in the first month of the year, from 387 million euro in January last year, the National Bank of Romania (BNR) said in a release on Friday. ""Foreign direct investment of non-residents in Romania totaled 310 million euro (as compared to 387 million euro January through October 2016), of which equity participation (including net reinvested earnings) amounted to 186 million euro, ...

Surplus of 216 mln euros in current account of balance of payment in January

Monday, March 19, 2018

The current account of the balance of payments registered a surplus of 216 million euros in the first month of this year, lower than the surplus of 258 million euros recorded in January 2017, shows the data made public on Friday by the National Bank of Romania (BNR)."In the structure, the balance of goods recorded a deficit of 169 million euros, while the balance of secondary revenues, the balance of primary revenues and the balance of services increased by 69 ...

In January 2018, the wholesale turnover decreased by  0.1% compared to December 2017 

Monday, March 19, 2018

As  against  the  previous  month,  in  January  2018 the  wholesale  turnover  (excluding  the  trade with  motor  vehicles  and  motorcycles),  in  nominal  terms,  decreased  both  as  gross  series  by 19.9%  and  as  adjusted  series  according  to  the  number  of  ...

In January 2018, construction works, up 7.1 pct

Monday, March 19, 2018

Construction works went up 7.1 pct in January this year as compared to December 2017, according to data released on Friday by the National Institute of Statistics (INS). The volume of construction works dropped as gross series by 66.2 pct due to the decline of capital repairs works by 79.5 pct, maintenance and current repairs works by 66.5 pct and new construction works by 63.4 pct.By construction objects, the volume of construction works declined in engineering ...

Vital statistics: The natural increase in January 2018 was negative

Monday, March 19, 2018


In  January  2018  the  number  of  births  and  the  number  of  deaths  increased  compared  to December 2017. The  number  of  marriages  and  the  number  of  divorces  dropped  in  January  2018  compared  to ...

Eurostat: Romania Has Europe’s Highest Risk of In-Work Poverty

Monday, March 19, 2018

Romania has the European Union’s highest percentage of workers at risk of in-work poverty, ...

Sleet, snow, glazed frost, strong wind, colder weather almost countrywide

Monday, March 19, 2018


 Sleet and snow, glazed frost, strong winds, particularly cold weather from Monday, 19 March, 06:00 hrs. until Tuesday, 20 March, 21:00 hrs, are announced on Sunday by the National Meteorological Administration (ANM), at country level.There will be especially sleet and snow, according to the national weather forecaster, stretching gradually from the southwest. In the south and to the mountains, the precipitations will be moderate in quantity. Glazed frost, ...

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