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Ludovic Orban has discussed with the BNR governor about the economic situation

Tuesday, October 15, 2019

The liberal (PNL) chairman Ludovic Orban has discussed with the Central Bank (BNR) governor Mugur Isarescu on the issue of economic situation and evaluation of the National Bank on the present situation.  ‘I have discussed with the BNR governor regarding the economic situation and the evaluations which exist at the level of the National Bank regarding all economic aspects and not only, PNL communicated and collaborated permanently with the ...

Government adopted the HG through which they distribute 1.4 billion lei for almost 1,600 localities

Tuesday, October 15, 2019

Almost 1,600 localities will receive 1.4 billion lei, sums taken from the tax on added value to balance the budgets, according to a HG adopted by the government which would establish a more transparent sharing of the sums, announced on Monday after the government meeting, the minister of finances Eugen Teodorovici. The total sum required by the local authorities is of almost 8.5 billion lei, the difference which would be paid by the present government, but the minister says ...

Industrial output dropps 1.6 pct as gross series in January-August 2019

Tuesday, October 15, 2019

In August 2019, industrial production decreased by 12.8% as gross series compared to the previous month and was up 0.1% as series adjusted by number of working days and seasonality. Compared to the same month of the previous year, industrial production fell by 7.0% as gross series and dropped 6.7% as series adjusted by number of working days and seasonality. In the ...

Eurostat: Nearly 14% of working-age Romanians were never formally employed

Tuesday, October 15, 2019

Of the 12.3 million working age population in Romania, namely between 18 and 64 years, over 1.68 million declare that they have never been formally employed, according to Eurostat data. The figure represents 13.6% of the total. Data analysis shows that of these people, 705,000 have primary education and 902,000 have secondary education. The number of people with higher education who have never worked is ...

President Iohannis: We must set up a Liberal government immediately; any day with dimissed gov't is lost

Monday, October 14, 2019

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President Klaus Iohannis on Friday stated that a Liberal government must be set up immediately, for each day with the dismissed Government still in place after the adoption of the motion of censure is "a lost day" for the Romanians."We need to set up a Liberal government immediately. We really need to move fast, very fast, for every new day with the confused, failed, dismissed, PSD (Social Democratic Party) government still in place, even if it's just the interim ...

PSD to stay in opposition, not enter into alliance with Pro Romania

Monday, October 14, 2019

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The Social Democratic Party (PSD) will stay in the opposition and will not enter into any alliance with Pro Romania, PSD national leader and acting Prime Minister Viorica Dancila said Friday."One of the decisions we want to make today within the PSD, as part of the Executive Committee (CEx) convention, regards that aspect. PSD will stay in the opposition and will not enter into any alliance with Pro Romania," Dancila said on Friday in Parliament at the end of a ...

Viorica Dancila makes presidential election debut: Entering this campaign with the desire to win

Monday, October 14, 2019

The event for the launch of the presidential bid of Social Democratic Party (PSD) national leader Viorica Dancila started on Saturday at the Bucharest Romexpo compound, in the presence of top party officials. Viorica Dancila came accompanied by her husband, shook hands with supporters, telling them: "We will go to the end and we will win".Dancila made her entrance in the hall to the energetic tune of Survivor's "Eye of the Tiger". She is wearing a special brooch ...

Analysis: political instability together with inflation and the euro exchange rate, at the top of the worries of investors

Monday, October 14, 2019

The increase of inflation, the depreciation of the leu and the accentuation of the financial blockage represent the main worries of investors this autumn, shows an analysis from Frames, made in the campaign ‘ Romania, where to?” which scans the economy after 30 years of capitalism. ‘The political instability has come back as main issue, the political noise leading to increasing worry alarm regarding the evolution of the economy. The ...

Annual inflation rate drops to 3.5pct in September

Monday, October 14, 2019

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Consumer prices were up 3.5% in September 2019 compared to September 2018. The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 3.5%. The average consumer price rate based on the CPI over the last 12 months (October 2018-September 2019) as compared to the previous 12 months (October 2017-September 2018) is 3.8%. The average rate based on the HICP is ...

The new orders in manufacturing in August 2019

Monday, October 14, 2019

In August 2019, the new orders in manufacturing overall (domestic market and non-domestic market), in nominal terms, decreased by 13.5% compared to the previous month and were up 1.3% from the same month of the previous year. In the 1.I-31.VIII.2019 period, the new orders in manufacturing rose in nominal terms by 5.3% compared to the 1.I-31.VIII.2018 ...

The industry turnover in August 2019

Monday, October 14, 2019

In August 2019, the industry turnover per total (domestic and non-domestic market), in nominal terms, decreased compared to the previous month by 13.5% and increased compared to the corresponding month of the previous year by 1.2%. In the priod 1.I-31.VIII.2019, compared to the period 1.I-31.VIII.2018, the industry turnover (domestic and non-domestic market), in nominal terms, increased by ...

Brand Finance: the value of the Romania brand decreased by 3%

Monday, October 14, 2019

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 Romania’s brand value drops 3% to US$216 billion in Brand Finance Nation Brands 2019 ...

Study: A Romanian stays on television, on average, over 3 hours / day

Monday, October 14, 2019

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Romanians spend 3.3 hours on average watching TV during the week and 3.7 hours during weekends, reveals a study about the TV and video consumption in Romania. The study has been released ...

Les Films de Cannes a Bucarest's special guests : Elia Suleiman, Mounia Meddour, Jasmila Zbanic

Monday, October 14, 2019

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Film directors Elia Suleiman, Mounia Meddour and Jasmila Zbanic are the special guests of the Les Films de Cannes a Bucarest festival, which takes places between October 18 and 27 in Bucharest, informs a press release of the organisers.Palestinian artist Elia Suleiman is the winner of the special prize of the jury of this year's edition of the festival on the Croisette.On October 19, the public will have the chance to listen to "Debat des auteurs" and ...

Parliament: Censure motion, adopted; Dancila Government dismissed

Friday, October 11, 2019

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The censure motion against the Dancila Government was adopted by Parliament on Thursday. A number of 238 votes in favour were registered, Pro Romania Deputy Catalin Nechifor announced. "Of a total of 464, there were 399 voters in the room, with 245 votes cast, 3 canceled and a total of 242 valid votes cast, among which 238 were in favour of the adoption of the censure motion, 4 against and 0 abstentions. As a result of the fact that of the total 464 MPs there ...

President Iohannis invited parliamentary parties to first round of talks Friday at 11:00hrs

Friday, October 11, 2019

President Klaus Iohannis has announced that he will ask parliamentary parties for a first round of consultations on Friday, adding that there is an urgent need for a government, after the censure motion against the Dancila government cleared Parliament on Thursday."I will ask the parliamentary parties for a first round of consultations tomorrow, starting at 11:00hrs, because we urgently need a government. I will listen to the options of the parties and I will ...

PM Dancila: I will remain the leader of PSD, I have nothing to reproach myself

Friday, October 11, 2019

Prime Minister Viorica Dancila stated she will remain Chairwoman of PSD (Social Democratic Party) and that she has nothing to reproach herself. "As you know, I was elected by the Congress, so I remain the leader of PSD," Viorica Dancila said at Parliament on Thursday, after the censure motion got adopted by 238 votes. Asked about her next plans in case she is asked to take a step back, the Social Democratic leader replied: "Why make this scenario? I don't see why I should ...

Euronews: Romania government falls after no confidence vote in PM

Friday, October 11, 2019

Romania's government has fallen after Social Democrat Prime Minister Viorica Dancila lost a no-confidence vote. Official data showed that 238 lawmakers voted to topple the Romanian PM, with the vote needing just 233 votes to pass. The clash between the ruling party and the opposition was fierce, only 5 votes made the difference. The vote was filed by the liberals, joined by Save Romania Union and other 4 ...

Euractiv:Romania’s centre-right to push for Muresan as Commissioner after government collapses

Friday, October 11, 2019

The Romanian parliament ousted the Social Democrat government of Prime Minister Viorica Dancila on Thursday (10 October) with 238 votes in support of a no-confidence motion, euractiv.com comments. The socialists lost their majority after their junior coalition partner, the liberal ALDE, left the coalition. Dancila, a former MEP, is currently the party’s candidate for the presidential elections in November but her chances are very ...

International trade with goods in August and the period 1.I-31.VIII 2019

Friday, October 11, 2019

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In the period 1.I-31.VIII 2019, the FOB exports amounted to 45749.2 million euro and the CIF imports amounted to 56599.4 million euro. In the period 1.I-31.VIII 2019, the exports increased by 1.7% and imports by 4.8%, compared to the period 1.I-31.VIII 2018. In the period 1.I-31.VIII 2019, the FOB-CIF commercial deficit was of 10850.2 million euro, 1867.5 million euro ...

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