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EP: EU needs financial police, money-laundering watchdog

Thursday, March 28, 2019

Members of the European Parliament issued a report on Wednesday saying that the European Union should have its own police force to investigate tax evasion and financial crime, as well as set up a watchdog to counter money-laundering, according to Reuters. The report came out of a special committee set up in the EP after a series of revelations of alleged financial crime in some EU states and tax havens across the world. It accuses seven EU member ...

Romania borrows EUR 3 bln from the foreign markets in one day

Thursday, March 28, 2019

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Romania has borrowed EUR 3 billion from the foreign markets in just one day. It is the largest sum borrowed all at once through Eurobonds with maturity of 7, 15 and 30 years, romaniajournal.ro informs. At the same time, it is the first time when the state resorted to a 3-year loan. Last year, the Romanian state has got a total of EUR 3.75 billion, plus EUR 1.2 billion from other ...

BNR: National currency falls against euro

Thursday, March 28, 2019

The exchange rate between the national currency and the European single currency has increased on Wednesday to RON 4.7620 per EUR, down by 0.12% against Tuesday, the reference exchange rate from the National Bank of Romania (BNR) reveals. The steepest fall is registered against the Swiss franc, the exchange rate on Wednesday being RON 4.2516 for CHF, up from RON 4.2296 on Tuesday – very close to the historic low of RON 4.2576 for CHF registered ...

Teodorovici: New calculation formula for ROBOR to be applied only to new bank loans

Thursday, March 28, 2019

After Finance minister had said four days ago that the Government will the Emergency Ordinance 114 through a new emergency ordinance and one of the main ...

CETA manages to remove 98pct of custom duties for Romanian exporters, importers

Thursday, March 28, 2019

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The EU-Canada Comprehensive Economic and Trade Agreement (CETA) managed to remove 98pct of the custom duties for the Romanian exporters and importers and to open the Canadian services market for the Romanian companies, Minister for Business Environment, Trade and Entrepreneurship Stefan Radu Oprea said on Tuesday, at a meeting with Kevin Hamilton, the ambassador of Canada to Romania, and with Stephane Dion, the ambassador of Canada to Germany, special envoy of the Canadian ...

Romanian hospitality industry is in crisis: over 19,000 unfilled jobs

Thursday, March 28, 2019

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The hard-pressed hospitality industry in Romania is facing more problems, one month before the new summer season starts. Hotel owners complained of an acute staff shortage. The representatives of the Accommodation Industry Federation in Romania argued there are currently over 19,000 jobs unfilled in the industry, according to the online recruiting platforms. As fewer and fewer are willing to be seasonal workers, the only ...

EC allocated Romania 17.68 milion euro for the programme milk, fruits and vegetables in schools in 2019/2020

Thursday, March 28, 2019

The European Commission (EC) allocated Romania the sum of 10.815 million euro for the programme of distribution of milk in schools and the sum of 6.866 million euro for the programme to encourage consumption of fruits and vegetables in schools, according to the data presented on Wednesday by the community executive.The figures show that, against the school year 2018/2019 Romania was allocated a higher sum of money, 10,815 million euro against 10.743 million euro ...

UiPath: Romania is the country with the least innovative economy in Europe,  but there is potential

Thursday, March 28, 2019

The studies of the European Union show that we are the least innovative economy in Europe, there is potential but we lack resources, policies and coherence, stated Andrei Roth, manager Cluj Office UiPath, during the second edition of the international conference dedicated to innovation- Innoteque.‘Innoteque is a conference concentrated on innovation, political polices which support innovation. Our purpose is to bring expertise at the level of the people who ...

Tariceanu's visit to Morocco, canceled upon the request of the Moroccan party

Wednesday, March 27, 2019

The visit Senate Speaker Calin Popescu Tariceanu was scheduled to pay at the end of March to the Kingdom of Morocco has been postponed, upon the request of the Moroccan party, The Senate informs in a press release on Tuesday, ziare.com reports. The document does not mention the reason for postponement. The visit was scheduled during March 27-31. “The official visit by Senate Speaker, Mr. Calin Popescu Tariceanu, to the ...

Romanian Prime Minister Is Staying at Trump’s D.C. Hotel, American media informs

Wednesday, March 27, 2019

The prime minister of Romania stayed at President Donald Trump’s hotel during her trip to Washington over the weekend, wnycstudios.org wrote on Tuesday, March 26. According to the cited source, she is the first foreign government leader known to have booked a room at the property in more than a year. The stay at the Trump International Hotel by Viorica Dancila, who is attending the annual American Israel Public Affairs Committee conference, ...

PM Dancila met US Secretary of Commerce Ross to discuss the Romania accession to the OECD

Wednesday, March 27, 2019

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 Prime Minister Viorica Dancila on her visit to the United States of America has met the US Secretary of Commerce Wilbur Ross, the former stressing the importance of strengthening the economic cooperation as part of the two countries' Strategic Partnership, reads a release by the Romanian government sent on Tuesday.According to the source, Viorica Dancila presented the measures taken by the Government of Romania to ensure an attractive business environment, ...

President Iohannis, civil society leaders conclude consultations on justice referendum

Wednesday, March 27, 2019

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Consultations between President Klaus Iohannis and civil society leaders on a referendum on justice legislation concluded at Cotroceni Palace on Tuesday afternoon.Attending the consultations were leaders of the Funky Citizens, Expert Forum, Legal Resources Centre, Romania Initiative, December 89 Association, FreedomHouse Romania, Romanian Centre for European Policies, Pro-Democracy Association, Public Innovation Centre, Geeks for Democracy, # Rezistenta, We Can ...

PG Lazar submits his candicacy for new term

Wednesday, March 27, 2019

PG Augustin Lazar on Tuesday submitted his candidacy for a new term as prosecutor general of Romania. "Half an hour ago I submitted it [his candidacy - editor's note]. I went to the minister's office to do it, of course," stated Lazar, at the CSM (Supreme Council of Magistrates) headquarters. On March 18, he had stated he would submit his candidacy for a new term at the Public Ministry. The prosecutor general office will become vacant on April 28 when the ...

AHK Romania: Public policies at central level have nationalist-populist tendencies

Wednesday, March 27, 2019

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The feeling of trust in the Romanian society has probably reached the lowest level in the last 30 years, by an unfortunate way of making public policies at the central level, with nationalist-populist tendencies and by blaming foreigners, multinationals and banks, Dragos Anastasiu, president of the Romanian-German Chamber of Commerce (AHK Romania) drew attention on Tuesday at the ?Cities of Tomorrow' conference. "I think that at a moment which is, in my view, ...

Ambassador Cord Meier-Klodt: Eight cities in Romania generate over half of GDP

Wednesday, March 27, 2019

Eight of the largest cities in Romania generate more than half of the country's Gross Domestic Product (GDP) and we agree that there is a great need for the development of several such engines of economic growth, German Ambassador in Bucharest Cord Meier-Klodt told on Tuesday the "Cities of Tomorrow" conference, organized by the Romanian-German Chamber of Commerce and Industry (AHK Romania).I have been in this country for more than two years (...) Eight of the ...

Swiss Ambassador-Designate: For better future, state must work together with civil society

Wednesday, March 27, 2019

The Ambassador-Designate of the Swiss Confederation to Romania, Arthur Mattli, said on Monday that if a better future is wanted, the state must work together with the civil society and the private sector.Today the contribution of the civil society is very important. If we want to make poverty a thing of the past, if we want to make a better future (...), we must work together as state, civil society and private sector, the ambassador said at an event on the ...

Deposits of non-governmental resident clients rise in February 2019 by 9.1pct year on year

Wednesday, March 27, 2019

The deposits of non-governmental resident clients grew by 0.6pct compared to January and by 9.1pct (5.1pct in real terms) compared to February 2018, totaling 333,275 billions lei, according to data of the National Bank of Romania (BNR) sent on Tuesday.RON-denominated deposits of households increased by 0.7pct, to 121.708 billion lei, and as compared to February 2018 they increased by 6.8pct (2.9pct in real terms).According to the central bank, ...

Non-government credit declined by 0.1pct in February from January 2019

Wednesday, March 27, 2019

The balance of non-government credit extended by credit institutions declined by 0.1pct (-0.9pct in real terms) in February from January 2019 to 251.948 billion lei, according to the National Bank of Romania (BNR) data released on Tuesday.The credit in lei increased by 0.3pct (-0.5pct in real terms), as retail loans rose by 0.6pct (96.527 billion lei) and corporate ones fell by 0.1pct (68.934 billion lei).Foreign currency credit denominated in lei ...

PwC study : Business executives in Romania are more and more pessimistic

Wednesday, March 27, 2019

Business executives in Romania are more and more pessimistic about the local workforce environment, a PwC study shows. The main concerns are related to the availability of the key skills and the change of the workforce demography. The study reads that 38% of the business leaders in Romania consider that global economy will slow down its growth in the upcoming 12 months, and Germany will remain the most important country for the growth perspective of ...

CFA Romania survey estimates a depreciation of the national currency against euro to 4.8462 units in the next 12 months

Wednesday, March 27, 2019

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The financial analysts estimate a depreciation of the national currency against the European single currency to 4.8462 units in the next 12 months, a CFA Romania survey reveals in Tuesday. “With regard to the EUR/RON exchange rate, over 87% of participants anticipate a depreciation of the RON during the next 12 months (as compared to the present value). Thus, the average expectation for the 6-month horizon is 4.7885, while for the 12-month ...

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