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Five-month budget deficit widens to 2.29 pct of GDP, yet sees YoY improvement

Monday, June 28, 2021


Five months into 2021, Romania's consolidated budget deficit widened to 2.29 percent of GDP - 26.18 billion lei - from 1.81 percent of GDP at the end of April; this figure is however an improvement from 3.68 percent of GDP recorded in the same period last year, shows data released today by the Finance Ministry."This result was achieved as investment expenditures over January - May 2021 were by 3.88 billion lei higher YoY, and the exceptional payments ...

Outstanding loan repayments in lei down 0.6% in May; those in foreign currency - down 2.64%

Monday, June 28, 2021

The total value of outstanding loan repayments in lei of the population and companies in May 2021 amounted to 4.5 billion lei, down 0.6% from the amount reported in the previous month, while arrears on foreign currency loans decreased by 2.64%, to 1.48 billion lei (equivalent), according to data from the National Bank of Romania (BNR).The total loans in lei reached, in May, 209.8 billion lei (by 1.32% over the value of the previous month), of which 79.714 ...

PM Citu: Gov't to allocate at least 15 billion euros annually for investments

Monday, June 28, 2021

Prime Minister Florin Citu said on Friday that the Government will allocate at least 15 billion euros annually for investments and stressed that this aspect, together with the 76 billion euros from European funds, represents an opportunity for companies that want to develop business in Romania.The clarifications were made during a conference organized by the Romanian-German Chamber of Commerce (AHK Romania) and the German Economy Committee for Eastern Europe ...

Anca Dragu: Romanian economy is prepared to absorb more investments

Monday, June 28, 2021

Senate President Anca Dragu declared on Friday that during the first quarter of 2021, Romania registered the highest economic growth in the European Union and that it represents a strong argument in favor of the fact that "the economy is prepared to absorb more investments".The clarifications were made at a conference organized by the German-Romanian Chamber of Commerce and Industry (AHK Romania) and the German Committee on Eastern European Economic ...

Cristian Secosan, CEO Siemens Romania and Moldova, is the new FIC president

Monday, June 28, 2021


During its first meeting of the 2021 – 2022 mandate, the Foreign Investors Council (FIC) Board decided on the new Officers team, electing Cristian Secosan, CEO Siemens Romania and Moldova, as FIC president. He will be supported by Ramona ...

EY: Reimaging Industry Futures Study 2021

Monday, June 28, 2021


Almost three quarters of enterprises (71%) believe that the COVID-19 pandemic has accelerated existing digital transformation plans, with 52% signaling greater interest in 5G and the internet of things (IoT), according to the EY Reimagining Industry Futures ...

OLAF investigates how Romania used EUR 1 bln for Danube Delta

Monday, June 28, 2021


OLAF, the EU's anti-fraud office, is investigating how the EUR 1 bln of the European Union's funds were spent in the Danube Delta. The European Commission confirmed this in a response to two Dutch MEPs who asked for explanations on the implementation of European projects through the Delta Integrated Territorial Instrument Danube (ITI ...

Romania updates list of countries in COVID-19 red, yellow, green areas

Monday, June 28, 2021

Romania's National Committee for Emergency Situations (CNSU) updated on Friday its list of countries or areas with high COVID-19 epidemiological risk."The classification of the countries/areas by the cumulative rate of COVID-19 cases in order to sort the persons arriving in Romania accordingly and subject them to quarantine is hereby approved," reads CNSU Decision 39.Making the red area list are:* Seychelles* Uruguay* ...

Statistics: 55.8% of the resident population had homes connected to sewerage systems in 2020

Monday, June 28, 2021

A number of 10,794,270 inhabitants had their homes connected to the sewerage systems, in 2020, by 279,346 people more compared to the previous year, representing 55.8% of the resident population of Romania, according to the data published on Friday by the National Institute of Statistics (INS).Regarding wastewater treatment, the population connected to the sewerage systems equipped with treatment plants was 10,540,388 people, representing 54.5% of the ...

President Iohannis, în Brussels: We cannot tolerate certain issues in our relation with Russian Federation, collaboration, beneficial

Friday, June 25, 2021


President Klaus Iohannis said on Thursday that there are a number of issues that need to be discussed and clarified in the EU's relationship with the Russian Federation, noting that there are matters that cannot be tolerated, while also maintaining that collaboration would be beneficial in some areas.The head of state was asked about France and Germany's exploratory approach regarding the possibility of organizing an EU summit with the Russian ...

ForMin Aurescu, about the tour of the South Caucasus

Friday, June 25, 2021


The EU-mandated tour of the South Caucasus by the Romanian, Austrian and Lithuanian Foreign Ministers sends the respective states "a coordinated message on the need to continue and deepen reforms, in the spirit of the European agenda," Romania's top diplomat Bogdan Aurescu said today, as he spoke alongside his Austrian and Lithuanian counterparts before embarking on the trip.   "Through the visits to ...

ForMin Aurescu hosts high-level roundtable on promoting jurisdiction of International Court of Justice

Friday, June 25, 2021

 On Thursday, Minister of Foreign Affairs Bogdan Aurescu hosted a high-level round table dedicated to promoting the jurisdiction of the International Court of Justice (ICJ), held in virtual format.In his address, the Romanian Minister said that the initiative to organize this event was outlined in the discussions held in The Hague with the then President of the International Court of Justice, Abdulqawi Ahmed Yusuf, and the ICJ Registrar, Philippe ...

MAE: 10 years since EUSRD adoption, Romanian-Austrian initiative continues to bring added value to European project

Friday, June 25, 2021

The Ministry of Foreign Affairs (MAE) hails the anniversary of 10 years since the adoption of the EU Strategy for the Danube Region (EUSRD), the Romanian-Austrian regional cooperation initiative meant to stimulate cooperation between the states riparian to the Danube, occasion on which Minister Bogdan Aurescu noted the fact that "it continues to bring added value to the European project."According to a press release sent on Thursday, the Ministry of Foreign ...

President Iohannis presents Donald Tusk with Romania's top decoration

Friday, June 25, 2021


President Klaus Iohannis presented EPP President Donald Tusk with the National Order of the Star of Romania in the rank of Grand Cross, in a ceremony organized at Romania's Permanent Representation to the EU."Last year I signed the decree conferring Mr. Donald Tusk the highest distinction of the Romanian state - the Order of the Star of Romania in the rank of Grand Cross, for his exceptional contribution in support of Romania's Presidency of the Council of ...

Marcel Ciolacu participates in PES conference “With Courage. For Europe”, organized in Berlin

Friday, June 25, 2021


Social Democratic Party (PSD) Chair Marcel Ciolacu, first vicepresident of the party Sorin Grindeanu and vicepresident Victor Negrescu will participate on Friday and Saturday in the Party of European Socialists (PES ) conference “With Courage. For Europe”, organized in Berlin.   The Conference also includes a series of meetings with European officials. On Friday June 25, PSD president Marcel ...

First death with Delta variant of novel coronavirus, recorded in Romania

Friday, June 25, 2021

The National Institute of Public Health (INSP) reported on Thursday that the first death in a COVID-19 patient infected with the Indian Delta strain of the novel coronavirus was registered in Romania.According to data published by the INSP, as of June 20, 44 cases of infections with the Indian Delta variant, considered more contagious and virulent, have been confirmed.INSP also transmits that, at this moment, there is no evidence of sustained ...

New relaxation measures - spectators can participate in sports competitions up to 50 percent of space

Friday, June 25, 2021

The Government approved new relaxation measures in relation to the pandemic, such as the fact that, in open or closed spaces, sports competitions can take place with the participation of spectators up to 50 percent of the maximum capacity of the space, under certain conditions, PM Florin Citu announced on Thursday."Today we modified annexes 2 and 3 of the Government decision as regards the extension of the state of alert on Romania's territory, starting with ...

Ministry of Finance draws 1.1 billion RON from banks, on Thursday

Friday, June 25, 2021

The Ministry of Finances (MF) drew, on Thursday, 1.107 billion RON from banks through two state security issues, according to the data sent by the Romania National Bank (BNR).Thus, the Finance Ministry drew 254.9 million RON through a bond issue with a 76-month maturity, at an average yield of 2.95% and 852.6 million RON through a 12-month discount treasury certificate, at a 1.97% yield.On Friday there is an additional auction, through which the ...

INSCOP survey: 68.1% of respondents consider things in Romania are going to a wrong direction

Friday, June 25, 2021


Over 80% of subjects of an INSCOP survey consider that Romanians are seen as “second hand citizens”in Europe, while 68.1% say things are going to the wrong direction in Romania.   The survey “Public lack of confidence: West vs. East, ascension of the nationalist current in the age of disinformation and fake new phenomenon”- part II, was made by INSCOP Research in partnership with ...

Cigarette smuggling  surpasses 10% in May

Friday, June 25, 2021


The black market of cigarettes is in May 2021 at 10.2% of the total consumption, up by 0.3 percentage points against March, according to the research company Novel Research. It is the highest level recorded since the beginning of the pandemics.   ‘In May 2021, the highest increase on the black market was recorded in the South-West region (plus 5.4 percentage points up to 11.4%) and North-West (plus ...

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