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President Klaus Iohannis attends the European Council in Brussels

Thursday, October 17, 2019

 President Klaus Iohannis attends the European Council convening in Brussels on Thursday and Friday, which is theoretically the last before the United Kingdom exit from the EU on October 31. At the summit Iohannis wil retain the Romanian stance in favor of an ordered Brexit, according to a presidency press release.Marathon talks take place in Brussels on Wednesday in an attempt to reach a compromise on the issue before the ...

NEWEUROPE: Von der Leyen faces cabinet deadlines as Romania, Hungary and France delay new EU Commission

Thursday, October 17, 2019

Deadlines are fast approaching for the formation of Ursula von der Leyen‘s cabinet are the confirmation process has yet to come to an end, neweurope.eu reads. The Commission’s official announcements stated that they cannot speculate on the exact timeline for the process to be completed. On 16 October, the European Parliament confirmed the widely held view that the new Commission will not take office before ...

PM-designate Orban: I am confident partners who contributed to success of censure motion will support investiture of Gov't

Thursday, October 17, 2019

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The Prime Minister-designate, Ludovic Orban, voiced confidence on Wednesday that the partners who contributed to the success of the censure motion would support the investiture of his Cabinet in Parliament, because otherwise Viorica Dancila remains in power."Today we are having discussions with the delegation representing the PMP [the People's Movement Party]. (...) We have discussions scheduled with all the partners who have contributed to the success of the ...

Journalistic investigation claims USR head Dan Barna oversaw EU Fund frauds

Thursday, October 17, 2019

The journalists from Rise Project have published a wide investigation report about USR chairman Dan Barna’s EU funds-related businesses before he entered politics. “The USR Head, the party that initiated #No criminals in public offices campaign, has supervised frauds and conflicts of interest with EU funds“, ...

Seven CSM members ask for removal of head Lia Savonea

Thursday, October 17, 2019

Seven members of the Superior Council of Magistrates (CSM) ask for the removal from office of this institution's head Lia Savonea. The signatories of the document with the proposal for removal claim Lia Savonea failed to meet her job's responsibilities properly, while "pushing the Council away from its constitutional role.""For the bad manner in which she understood to do her job as President of the Superior Council of Magistrates, as stipulated by law, while ...

The Conference of  Presidents of the European Parliament validated the nomination of Laura Codruta Kovesi as the first European head prosecutor

Thursday, October 17, 2019

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The Conference of Presidents of the European Parliament  on Wednesday took the last step for the nomination of Laura Codruta Kovesi as the first European head-prosecutor announced on Facebook the Romanian MEPs Dacian Ciolos and Siegfried Muresan. ‘We have just left the Conference of Presidents of the European Parliament where we took the last stop for the nomination of Laura Codruta Kovesi as the first European head prosecutors. We have decided together with the ...

Eurostat: Romania, Slovakia and Hungary, the highest annual inflation rate în EU, in September

Thursday, October 17, 2019

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The euro area annual inflation rate was 0.8% in September 2019, down from 1.0% in August. A year earlier the rate was 2.1%. European Union annual inflation was 1.2% in September 2019, down from 1.4% in August. A year earlier, the rate was 2.2%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Cyprus (-0.5%), Portugal (-0.3%), Greece, Spain and Italy (all 0.2%). The highest ...

IMF has revised to increase the estimations regarding the advance of the Romanian economy by 4% in 2019

Thursday, October 17, 2019

The International Monetary Fund (IMF) has revised upward from 3.1% in April to 4% the forecast for Romania’s GDP growth this year, raising at the same time its projections for the inflation rate and the current account deficit, according to the latest World Economic Outlook, published on Tuesday, October 15. The Fund also revised upward the forecast for next year’s growth from 3.0% to 3.5%. "Several countries in ...

UniCredit: the Romanian economy goes towards a cyclic economic end: the GDP could grow by 2.7% in 2020

Thursday, October 17, 2019

The Romanian economy goes towards the cyclic economic end and the GDP could grow by 2.7% in 2020 or 2.3 – 2.5% in the case where the US apply the customs tariffs for importarted cars from Europe, stated on Wednesday in a press conference Dan Bucsa, head economist for Central and Eastern Europe with UniCredit Bank London.‘The economic growth in the region will slow down, in connection with that in the euro zone, but it will be over 2% in the largest ...

Euro goes towards 4.76 lei, and the Sterling pound continues to go up and reaches the highest level over the last five months

Thursday, October 17, 2019

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The National Bank of Romania (BNR) announced on Wednesday a rate of exchange of 4.7537 lei/euro, up by 0.03%against the value reached on Tuesday. The sterling pound went up and reached the highest level over the last five months. On Tuesday euro went down at 4.7524 lei. On Wednesday euro went up at 4.7537 lei. The sterling pound went up from 5,4550 lei at 5,4855 lei. This is the highest level since 15 May, when it was 5,4865 lei. The American dollar, ...

FIC: Confidence in the legislative environment remains low following the episode of the Emergency Ordinance 114

Thursday, October 17, 2019

The latest results of the Foreign Investors Council (FIC)  Business Sentiment Index released today reveals the foreign investors’ trust in the legislative environment remains low following the debacle of Emergency Ordinance No. 114/2018, yet noting that “it has not further deteriorated.” “Romania continues to score poorly on infrastructure and regulatory burden. Investors have no option but to adapt to ...

Eurostat: Over 30% of Romanians, at risk of poverty and social exclusion

Thursday, October 17, 2019

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In 2018, 109.2 million people, or 21.7% of the population, in the European Union (EU) were at risk of poverty or social exclusion. This means that they were in at least one of the following three conditions: at risk of poverty after social transfers (income poverty), severely materially deprived or living in households with very low work intensity. After three consecutive increases between 2009 and 2012 to reach almost 25%, the proportion of persons at ...

Gender equality index 2019: Romania, among the last five Member States

Thursday, October 17, 2019

With 54.5 points out of 100, Romania ranks 25th in the European Union (EU) in the Gender Equality Index 2019. The score is 12.9 points lower than the EU average. Between 2005 and 2017, Romania’s ...

Sibiu teleme cheese receives protected geographical indication in EU

Thursday, October 17, 2019

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Telemea de Sibiu, teleme cheese a la Sibiu, has become the seventh Romanian product to have its name entered in the register of protected designations of origin and protected geographical indications (PGI) of the European Union, the Ministry of Agriculture and Rural Development (MADR) reported on Wednesday.According to the ministry, the registration decision was made official under a regulation concerning the European Commission implementing regulation (EU) ...

Ludovic Orban - prime minister-designate

Wednesday, October 16, 2019

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President Klaus Iohannis has designated the Chairman of the National Liberal Party (PNL), Ludovic Orban, as prime minister on Tuesday."After the consultations with the parliamentary political parties and the parliamentary political formations, I have come to the conclusion I also shared after the first round of consultations: a government is taking shape around PNL. I repeat what I said then: PNL was the only party that came right out to the consultations and said ...

PM-designate Orban: When we conclude political negotiations, we will present Cabinet list

Wednesday, October 16, 2019

Prime Minister-designate Ludovic Orban on Tuesday evening stated the names of the ministers will be made public after the last round of negotiations, most probably Tuesday or Wednesday."Most ministers will be from the party. (...) We have a timetable for the first round of political negotiations and we also have a timetable for consultations with the civil society regarding the priorities in every field of activity, consultations with the employers' associations, ...

USR PLUS Alliance sets conditions to grant new Gov't investiture vote

Wednesday, October 16, 2019

The USR PLUS Alliance reiterates the possibility of granting the investiture vote to a transitional minority government, but "only with the fulfillment of certain conditions", noting "the lack of political will to swiftly set off early elections".According to a press release from USR PLUS, the fulfillment of these conditions, until the investiture vote, would constitute "minimum proof of good faith regarding Romania's direction in the next period"."I ...

PSD decided not to come at new government's investiture vote

Wednesday, October 16, 2019

The Social Democratic Party (PSD) has decided not to show up in Parliament at the vote of the new government's investiture, PSD leader Viorica Dancila said on Tuesday."We are waiting for the parties that voted the dismissal of the government to come and assume the responsibility of the government. To come with the programme, the vision and the budget. Any delay and any waste of time is a mockery of Romanians, for which they will be held accountable at vote, ...

Pro Romania's Ponta says PNL not counting on his party to form gov't

Wednesday, October 16, 2019

Pro Romania Chairman Victor Ponta said on Tuesday that he does not believe that the National Liberal Party (PNL) counts on the votes of the Pro Romania lawmakers for the formation of a new government, adding that there will be a "one-off" collaboration with social democrats."What I have said publicly stays. We have done a good thing in putting the Dancila government out of its misery, as it was a dead government anyway. Now, I understand that the Liberals want to ...

UDMR's Kelemen Hunor: I told President Iohannis we don't give a blank cheque to anyone

Wednesday, October 16, 2019

UDMR (Hungarian Democratic Union of Romania) leader Kelemen Hunor said his party won't give a blank cheque to anyone, and that he will be able to tell if his party supports the future government or not only after the name of the future Prime Minister is announced."Probably, President Iohannis will announce the name of the future Prime Minister today. I said that we don't give a blank cheque to anyone. We don't reject from the start, but we cannot promise to ...

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