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Tighter regulations on political advertising, in light of upcoming presidential election

Friday, January 17, 2025

The regulatory package on the May 4 presidential election passed by the government on Thursday includes new measures regarding the electoral campaign and the way to run political advertising, providing for non-compliance fines ranging from RON 15,000 to RON 50,000, government spokesman Mihai Constantin announced.The Permanent Electoral Authority is to publish a guide to the financing of the upcoming electoral campaign."There is a new provision as ...

161 MPs sign petition to suspend President Iohannis from office

Friday, January 17, 2025

The Young People's Party (POT) announced on Thursday that 161 lawmakers from POT, the Alliance for the Union of Romanians (AUR) and SOS had signed for the suspension of President Klaus Iohannis, and the signatures were submitted to the speaker of the Chamber of Deputies."The initiative of the Young People's Party to suspend Klaus Iohannis is supported by 161 signatures from the POT, AUR, SOS lawmakers. The signatures were registered today with the office of ...

IMF to visit Bucharest February 3-7, 2025

Friday, January 17, 2025

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A mission of the International Monetary Fund (IMF) will visit Bucharest February 3-7, 2025, Geoff Gottlieb, IMF Senior Regional Representative for Central, Eastern and Southeastern Europe, announced in a press release sent on Thursday."The Fund's team will meet with the representatives of the new Romanian Government and the National Bank of Romania to review recent economic and financial developments and update the macroeconomic outlook. The mission will be ...

EBRD delivers EUR 707 ml in 2024 investments to Romania for record 44 projects

Friday, January 17, 2025

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  The European Bank for Reconstruction and Development (EBRD) delivered last year EUR 707 million in investments for 44 projects in Romania, a significant increase compared to the EUR 658 million deployed in 2023 for 23 projects, and the main focus was on supporting the country's green transition, the European lender said in a statement on Thursday."We are delighted with these strong results, a sign that, through its steadfast presence in ...

PM Ciolacu: The budget will be built on 7pct deficit, 7pct investment

Friday, January 17, 2025

   The finance minister will present to the government the limits envisaged for the construction of the national budget, which includes a 7% government deficit and a 7% of the Gross Domestic Product (GDP) public spending on investment, Prime Minister Marcel Ciolacu said on Thursday."Today, the minister will present to the members of the government the limits for building the national budget. The very clear decision is that we will fall ...

Constanta County Chamber of Commerce and Agriculture - a partner in organization of walnut industry mission in France

Friday, January 17, 2025

  The Constanta County Chamber of Commerce, Industry, Navigation and Agriculture (CCINA) participated over January 8 - 10 in an economic mission in Grenoble - France, an event intended for specialists and entrepreneurs in the field of the noble walnut industry, the institution's representatives informed on Thursday."CCINA Constanta is proud to have been a partner of Romania's first economic mission in the noble walnut industry, thus creating an ...

IT unionists demand employers to cover salary differences arising as result of eliminating fiscal facilities

Friday, January 17, 2025

  The Alliance of Trade Unions in Information Technology and Communications (ANTIC) demands that employers in IT and in the sectors affected by the austerity ordinance cover the salary differences arising as a result of the elimination of fiscal facilities.According to a press release from the IT unions, the Government eliminated the tax benefits granted to employees in the IT, construction and agriculture sectors with salaries of up to 10,000 ...

Natural increase of Romania's population stays negative in Nov 2024

Friday, January 17, 2025

The number of births and deaths, registered in November 2024, increased compared to the same period of the previous year, and the natural increase remained negative, at minus 8,337 people, according to data published on Thursday by the National Institute of Statistics (INS).According to official statistics, in November last year, birth certificates were registered for 11,697 children, while the number of death certificates was 20,034, of which 10,383 for men ...

Average net salary in Romania advances to RON 5,388 lei in November 2024

Friday, January 17, 2025

The average net salary in Romania increased to RON 5,388 - about EUR1.084 - in November 2024, up RON 120 (+2.3%) on a monthly basis, according to data published on Thursday by the National Institute of Statistics (INS).The average before tax salary was RON 8,825 in November, up RON 213 (+2.5%) from the the previous month.The highest values of the average net salary were reported in information technology services, including computer services, at ...

PM Ciolacu: We welcome the long-awaited ceasefire agreement and the release of hostages in Gaza

Thursday, January 16, 2025

 Prime Minister Marcel Ciolacu on Wednesday welcomed the ceasefire agreement in the Gaza Strip and the release of the hostages, stressing that humanitarian assistance for the Palestinian people should be continued."We welcome the long-awaited ceasefire agreement and the release of hostages in Gaza. This brings hope for the families of the hostages. We should continue our humanitarian assistance for Palestinian people. It is time to think about the ...

Medical Evacuation from Gaza Strip: Five patients will receive treatment in Bucharest

Thursday, January 16, 2025

The Ministry of Foreign Affairs, in close cooperation with the Ministry of National Defence and the Ministry of Internal Affairs, as well as with other Romanian state institutions and in coordination with the dedicated structures of the European Commission, participated on Wednesday in the operation of urgent medical evacuation of 12 Palestinian patients from the Gaza Strip, severely affected by the lack of access to adequate medical treatment, together with 35 family ...

MAE: Patrushev's statements - aggressive propaganda and disinformation campaign

Thursday, January 16, 2025

The anti-Russian policy of the authorities in Chisinau may result in the cessation of the existence of this country as a state, warned Russian presidential advisor Nikolai Patrushev in an interview for Komsomolskaya Pravda, taken over by the official Russian agency TASS.   Vladimir Putin’s right hand predicts that Ukraine will also cease to exist as a state in 2025 and says that it will not be among the priorities of ...

DefMin: Efforts by Romania, UK to ensure firm and efficient response to regional security situation

Thursday, January 16, 2025

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 Romania and the United Kingdom have intensified their efforts to ensure a firm and efficient response to the security situation in the Black Sea region, thus strengthening the deterrence and defense posture in the face of regional and global security challenges, National Defence Minister Angel Tilvar declared at a meeting on Wednesday with British ambassador in Bucharest Giles Matthew Portman."The defence cooperation agreement with the United Kingdom ...

Former PM Petre Roman, at General Prosecutor's Office in Mineriad case

Thursday, January 16, 2025

Former Prime Minister Petre Roman showed up at the General Prosecutor's Office on Wednesday morning to be questioned in the June 1990 Mineriad case, where he is accused of committing crimes against humanity.According to judicial sources, Petre Roman was summoned to the Prosecutor's Office to be informed that he has the status of defendant.For the same reason, Gelu-Voican Voiculescu was also summoned to the General Prosecutor's ...

PM Ciolacu: We will be in 7%deficit untilthe end of the year

Thursday, January 16, 2025

Premier Marcel Ciolacu announced on Wednesday, after the discussion with the minister of finances, Tanczos Barna a ‘more prudent’ approach to the budget for the present year, with the purpose of keeping it within the deficit of 7%. The small and medium-sized pensions will be indexed in September if the budget allows it. The minister of finances, Tanczos Barna stated on Wednesday that Romania has committed to this year to fall within a 7% deficit by the end of 2025 ...

Central bank keeps key rate at 6.5 pct per annum

Thursday, January 16, 2025

 The Board of the National Bank of Romania (BNR) decided on Wednesday to keep the benchmark interest rate in place at 6.5 pct, the central bank said in a release.Also, the monetary authority decided to keep the lending facility interest rate (Lombard) at 7.50 pct per annum, while maintaining the deposit facility rate at 5.50 pct per annum, and leaving the minimum reserve requirement ratios on both RON- and foreign currency-denominated liabilities of ...

BNR: New evaluations reconfirm outlook of decrease in annual inflation rate in Q1

Thursday, January 16, 2025

 The new evaluations reconfirm the outlook of a decrease in the annual inflation rate in the first three months of the current year, but on a higher trajectory than previously anticipated, according to a press release from the National Bank of Romania (BNR).The institution mentions that the decrease will be driven mainly by consistent base effects and the deceleration of the increase in import prices, but in the context of the persistence of the ...

Ministry of Energy has notified CEISD about MVM Grup's intention to acquire E.ON Energie Romania

Thursday, January 16, 2025

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The Ministry of Energy has notified the Commission for the Examination of Foreign Direct Investments (CEISD) in connection with the transaction through which the Hungarian state-owned company MVM Group intends to acquire the gas and electricity supply division of E.ON Energie Romania.In a press release sent on Wednesday, the Energy Ministry showed that, following a rigorous analysis, it has identified multiple topics for an in-depth analysis on the possible ...

Survey: Fiscal instability puts brakes on IT sector, industry feels effects of tax decisions, anticipating difficult 2025

Thursday, January 16, 2025

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More than 80% of companies in the IT sector, members of the Employers' Association of the Software and Services Industry (ANIS), believe that the tax measures adopted in 2023 have had a negative or strongly negative impact on their financial results, and that the changes announced at the end of December 2024, to be implemented from January 1, 2025, have generated additional uncertainty, according to the results of the ANIS Sentiment Survey 2024, the annual barometer on ...

Industrial production declines 1.8pct eleven months into 2024 

Thursday, January 16, 2025

Romania's industrial production declined in the first 11 months of 2024 by 1.6% seasonally adjusted, according to data published on Wednesday by the National Institute of Statistics (INS).Thus, between January 1 and November 30, 2024, as against January 1 - November 30, 2023, the industrial production seasonally adjusted was down 1.6%, as a result of decreases in the production and supply of electricity and thermal energy, gas, steam and air conditioning ...

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