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Crin Antonescu to be only presidential candidate to be polled by PSD
Tuesday, January 14, 2025
Crin Antonescu will be the only candidate in the presidential election who will be included in the Social Democratic Party (PSD – ruling party) polls, the party's spokesman, Lucian Romacanu, said on Monday.He announced that a schedule was discussed at a meeting of the party's National Political Council (CPN)."On Thursday, the government decision for the schedule of elections - May 4 and 18 - will be issued, as established. The poll will be ...
Marcel Ciolacu: I would like us to come up with a territorial reorganisation project in this session
Tuesday, January 14, 2025
Social-democrat (PSD) President , Prime minister Marcel Ciolacu stated on Monday that he wanted a draft law on administrative-territorial reorganisation of Romania to be drafted in the parliamentary session to begin in February, and a group formed by party members has been established to work on this project. ' I put together a commission, the president of the Deputies' chamber with the future ...
Consolidated general budget arrears decrease 0.29% in November 2024
Tuesday, January 14, 2025
The arrears of the consolidated general budget decreased 0.29% in November 2024, compared to the previous month, reaching 595.5 million lei, down from 597.2 million lei in October, according to data published on the Ministry of Finance (MF) website. Arrears over 90 days increased 9.5%, from 166 million lei to 181.8 million lei, while arrears over 120 days decreased 3.14%, from 332 million lei in October 2024 to ...
Current account deficit increases to 26.301 billion euros after first 11 months of 2024
Tuesday, January 14, 2025
The current account of the balance of payments recorded a deficit of 26.301 billion euros between January and November 2024, compared to 19.770 billion euros in the first 11 months of 2023, according to the data that the National Bank of Romania (BNR) published on Monday.In its structure, the goods' balance recorded a larger deficit with 3.824 billion euros, the services' balance recorded a smaller surplus with 1.766 billion euros, the primary income balance ...
Direct investment by non-residents in Romania down to 5.852 bln EUR in the first 11 months
Tuesday, January 14, 2025
Direct investments in Romania by non-residents fell to 5.852 billion EUR in the first 11 months of last year, from 6.611 billion EUR in the period January-November 2023, according to data released by the National Bank of Romania (BNR) on Monday.Equity participations (including estimated reinvested profit) totaled a net 4.720 billion EUR, while intra-group loans registered a net 1.132 billion EUR.A total of 5,588 companies running on foreign ...
FinMin Barna: Financing demand to ensure 7% deficit is around 231 bn RON
Tuesday, January 14, 2025
Romania needs, in order to ensure a 7% deficit, a financing demand of about 231 billion RON, an amount that will be provided both from foreign markets and internal ones, the Minister of Finance, Tanczos Barna said on Monday."The financing demand to ensure a deficit of 7%, under conditions in which revenues increase with economic growth and with better collection, is somewhere around 230-231 billion RON, an amount that will be provided both ...
Romania's meat production decreases in November 2024, except for beef and goat meat
Tuesday, January 14, 2025
Romania's meat production decreased in November 2024 for all animal and poultry species compared to the previous month, except for sheep and goats, where there was an increase of 4.45%, according to data the National Institute of Statistics (INS) published on Monday.Thus, in November 2024, 312,000 pigs were slaughtered, a decrease of 9.03% compared to October 2024, when 343,000 pigs were slaughtered. Compared to the same period in 2023, the number of ...
Q3 2024 average monthly income 8,255 lei, average monthly expenses 7,012 lei/household
Tuesday, January 14, 2025
The average monthly total income in the third quarter of 2024 was, in nominal terms, 8,255 lei per household, representing 3,299 lei per person, an increase of 0.5% per household and 0.7% per person compared to the second quarter of 2024, according to a National Institute of Statistics (INS) press release.Compared to the third quarter of the previous year, both the total average monthly income per household and per person advanced 13.1%.The ...
Secretary Mayorkas and Secretary Blinken Announce Designation of Romania into the Visa Waiver Program
Monday, January 13, 2025
January 10, 2025 WASHINGTON – Today, Secretary of Homeland Security Alejandro N. Mayorkas, in consultation with Secretary of State Antony J. Blinken, designated Romania as a participating country in the Visa Waiver Program (VWP). The collaboration and information sharing at the core of the VWP will significantly enhance the security interests of the United States in addition to ...
Remarks by U.S. Ambassador Kathleen Kavalec at the Event Formalizing the Decision of the U.S. authorities regarding Romania's inclusion in the Visa Waiver Program
Monday, January 13, 2025
January 10, 2025 Mr. Prime Minister, Ministers, Members of Parliament, Distinguished Guests, It is my pleasure to announce that today, in Washington, Secretary of Homeland Security Alejandro Mayorkas formally ...
MEP Victor Negrescu questuined the European Commission regarding the ecological disasteer in the Black Sea
Monday, January 13, 2025
MEP Victor Negrescu, Vice President of the European Parliament and of the Social Democratic Party (PSD) stated that he questioned the European Commission regarding the devastating environmental effects in the Black Sea of the sinking of the two Russian oil tankers in the Kerch Strait, requesting the implementation of existing instruments at the disposal of Europe to protect the territorial waters of Romania and ...
Necessary legislation to organize presidential elections on May 4 and 18 to be adopted this week
Monday, January 13, 2025
Prime Minister Marcel Ciolacu said on Friday that the necessary legislation for organizing presidential elections on May 4 and 18 will be adopted this week by the Government."The most important fact is that we have a political agreement on the organization of the presidential elections - the first round on May 4, the second round on May 18. Naturally, there is a huge public expectation that these dates will be fixed. Now we are preparing the necessary ...
Reuters: Romanian protesters demand cancelled presidential election should go ahead
Monday, January 13, 2025
Tens of thousands of Romanians angered by the cancellation of a presidential election marched through Bucharest on Sunday to demand that the ballot should go ahead and that outgoing centrist President Klaus Iohannis should resign, www.reuters.com reports. In a move that polarised voters, Romania's top court ...
Indian ambassador in Bucharest, Manika Jain, on her first official visit to Brasov
Monday, January 13, 2025
The city of Brasov could host, in the future, meetings of delegations of local and Indian business people is one of the conclusions of talks between the mayor of Brasov and Indian ambassador in Bucharest Manika Jain.According to the Brasov City Hall, the Indian diplomat, who is on her first official visit to Brasov, was welcomed on Friday by Mayor George Scripcaru and Deputy Mayors Dan Ghita and Lucian Patrascu."Talks focused on ...
PM Ciolacu: Budget to be approved by January 27, call on ministers to include proposals to restructure unjustified posts
Monday, January 13, 2025
Prime Minister Marcel Ciolacu said on Friday that the Government must adopt the budget for the current year by January 27 at the latest and asked the ministers to make "all the calculations, but to include proposals for restructuring all unjustified posts, both in the central administration and in the subordinate state-owned enterprises"."Another high priority is to finalize the draft budget for 2025 this month. The Government must approve the ...
New data released by Statistical Institute show GDP stagnation in Q3 against Q2, 2024
Monday, January 13, 2025
The gross domestic product stagnated in the third quarter of last year, compared to the previous quarter, according to new provisional data published on Friday by the National Institute of Statistics (INS).In previous communications, the INS initially showed a stagnation of GDP in Q3 compared to Q2 (seasonally adjusted data published on November 14) and subsequently estimated a decrease of 0.1% (provisional data published on December 6).As ...
Trade balance deficit increased by 17.7pct up to 30.054 B euros January through November
Monday, January 13, 2025
The trade balance deficit (FOB/CIF) increased by 17.7pct up to 30.054 billion euros January through November, 2024, higher by 4.518 billion euros (+17.7%) compared to the deficit recorded in the same period last year, according to data released by the National Institute of Statistics (INS) on Friday.According to the INS, in the first nine months of the year, important shares in the structure of exports and imports are held by the following product groups: ...
UGIR: Gov't should keep strategic participation in sectors key to national security
Monday, January 13, 2025
The government must keep or seek priority strategic participation as sole or majority shareholder in the sectors that are key for national security and the people's welfare, representatives of the General Union of Romanian Industrialists (UGIR) argue, specifically mentioning defense, energy, subsoil resources, transportation, health care and education. "Following a careful professional evaluation, the ...
IMM Romania requests creation of support programs for SMEs in 2025
Monday, January 13, 2025
IMM Romania requests the creation of support programs for SMEs in 2025, in the context of the downward trend of the Gross Domestic Product (GDP) which will intensify in the coming period due to trade imbalances such as the reduction in the number of companies, the number of employees and weak exports."The year 2025 must be the year of economic relaunch by creating support programs for SMEs. These support programs must come in a stable, economic and ...
Meteorologists: 2024 - warmest year in history of measurements in Romania, temperature deviation of 2.7 degrees Celsius
Monday, January 13, 2025
The year 2024 is the warmest in the history of meteorological measurements in Romania, with an average annual temperature of 12.99 degrees Celsius and a temperature deviation of 2.7 degrees Celsius compared to the average for the 1991-2020 period, according to data from the National Meteorological Administration (ANM), cited by the Ministry of Environment, Water and Forests (MMAP) in a press release sent on Friday.Last year was also confirmed by Copernicus ...