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OECD: Utility companies responsible for 50% of amounts gathered from IPOs in Romania

Friday, May 7, 2021

The number of Romanian companies that use capital markets is still limited and behind other countries in the area like Czech Republic, Poland or Austria, the Organisation for Economic Co-operation and Development (OECD) shows in a report on the capital market in Romania, released on Wednesday.   According to the report, since 2000 to the present day, 18 Romanian ...

Regulation of telework activity, draft adopted by Senate

Friday, May 7, 2021


 The plenum of the Senate adopted, on Tuesday, a draft initiated by the Liberal MPs that targets the amendment of Law no. 81/2018 regarding the telework activity, in the sense of bringing flexibility to the work relations taking place under such conditions.According to the explanation of reasons, the necessity of this draft regards the elimination of provisions which are "outdated, inapplicable in relation to the sense of the teleworking activity in the ...

Coface Quarterly Barometer: US leads the global recovery, emerging economies lag behind 

Friday, May 7, 2021

More than a year after the start of the pandemic, global economic trends are uneven due to lingering uncertainties around the spread of COVID-19. The acceleration of the vaccination process, as well as its effectiveness, are key to an economic recovery. In this context, the prospects for a return to normalcy are both uneven and uncertain across sectors of activity and geography, according to the latest barometer from ...

Almost 30,000 new jobs were posted by the employers in April

Friday, May 7, 2021

Almost 30,000 new jobs were posted by the employers on the platform BestJobs.ro in April,up by 17% and over 40%more by comparison to the same period of last year, when the work market was changing and adapting due to the coronavirus epidemics.According to a press release of the online recruitment platform published on Wednesday, most new jobs were in domains such as  IT,sales, financial, engineering and constructions.‘The number of ...

Retail turnover up 4.1 pct in Q1

Friday, May 7, 2021

- Compared to the previous month, in March 2021 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 13.3% and as adjusted series according to the number of working days and to seasonality by 2.3%. - Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both ...

Eurostat: Romania, among the EU countries where retail sales rose in March

Friday, May 7, 2021

In March 2021, the seasonally adjusted volume of retail trade rose by 2.7% in the euro area and by 2.6% in the EU, compared with February 2021, according to estimates from Eurostat, the statistical office of the European Union.   In February 2021, the retail trade volume increased by 4.2% in the euro area and by 3.8% in the EU. In March 2021 compared with March 2020, the calendar adjusted volume of retail ...

In rem criminal case opened in bear shooting in Ojdula area; poaching, use of weapon under investigation

Friday, May 7, 2021

  An in rem criminal case has been opened in the shooting of a bear in the Ojdula area, the facts investigated being for poaching and the use of a weapon, the representatives of the Covasna County Police Inspectorate (IPJ) informed.The Chief Prosecutor of the Prosecutor's Office with the Targu Secuiesc Court, Valentin Teodorescu, confirmed that IPJ Covasna was notified ex officio on Wednesday, "based on media materials" and that he is waiting ...

President Iohannis to attend informal European summit, EU-India summit in Porto

Thursday, May 6, 2021


President Klaus Iohannis will attend the Porto Social Summit, an informal meeting of the European Council, and an EU-India summit meeting via videoconference featuring India's Prime Minister Narendra Modi, on Friday and Saturday in Porto, Portugal.According to the Romanian Presidential Administration, the central theme of the Porto Social Summit is the implementation of an action plan for the European Pillar of Social Rights. The event is ...

President of Poland Duda, on official visit to Romania, to be welcomed on Monday by president Iohannis

Thursday, May 6, 2021


 President Klaus Iohannis will welcome his Polish counterpart, Andrzej Duda, on Monday, at Cotroceni Palace, on the occasion of the official visit the latter will carry out to Romania, the Presidential Administration informs on Wednesday.The Polish president's visit, following the invitation from his Romanian counterpart, will take place in the context of the 100 year anniversary since closing the Defensive Alliance Convention between the ...

Rd 15k military from NATO allied, partner states participate in Dacia 21 Livex drills series

Thursday, May 6, 2021


   Approximately 15,000 military, of whom 10,000 Romanians and 5,000 from 17 NATO allied and partner states, participate, as of Tuesday and until mid-June, in 16 training grounds and other military facilities in Romania, in the most complex training activity since the beginning of COVID-19 pandemic - Dacia 21 Livex series of exercises, led by the Joint Forces Command of the Defense Staff.The participating countries with ...

Barometer: Over 66% of Romanians believe RO could count on military help from NATO

Thursday, May 6, 2021

More than 66% of Romanians believe that NATO would help Romania in case of foreign military aggression, according to the Security Barometer of Romania conducted by the LARICS Sociological Research Center. Almost 37% count on help from the US, while only 5.4% believe that the military support would come from Russia.   However, as the question had multiple answers, the ...

Bucharest, eight counties in yellow scenario of infection with SARS-CoV-2

Thursday, May 6, 2021

 The capital and eight counties are in the yellow scenario of infection with SARS-CoV-2, announced, on Wednesday, the Strategic Communication Group.Bucharest recorded an infection rate of 2.17 cases per thousand inhabitants, dropping from 2.27 in the previous day.Also in the yellow scenario (incidence between 1.5 and 3 per thousand inhabitants), with the highest infection rate, are the counties of Ilfov - 2.06, Cluj - 1.95, Alba ...

 100,000 vaccine doses donated to Republic of Moldova, Ukraine each

Thursday, May 6, 2021

The donation of 100,000 doses of AstraZeneca vaccine for the Republic of Moldova was approved at Government's meeting on Wednesday, Prime Minister Florin Citu announced, adding that details have been prepared to donate 100,000 doses also to Ukraine."In today's Government meeting, we approved a draft government decision by which we donate another 100,000 doses of AstraZeneca vaccine to the Republic of Moldova and we also prepared the details to ...

Gov't passes public debt management strategy capping debt at 50pct of GDP

Thursday, May 6, 2021


 Prime Minister Florin Citu says that a memorandum on the government public debt management strategy 2021-2023 was adopted at a Wednesday's government meeting, showing that the debt will stay capped at about 50% of the Gross Domestic Product (GDP)."There are three scenarios there, I am using the most optimistic, but moving forward the debt stays at around 50% of GDP. (...) This scenario will happen. I showed last year, and this year as ...

Gov't passes convergence programme including reforms pledged by it

Thursday, May 6, 2021

A convergence programme was approved at Tuesday's government meeting that contains reforms pledged by the government in areas such as the state pension system, public pay, state-owned companies, and public administration, Prime Minister Florin Citu announced on Wednesday."At today's government meeting we approved the Convergence Programme of Romania, which is very important because at this moment we already have a tax and budget strategy, we ...

Citu: We will not increase taxes and will not introduce new taxes

Thursday, May 6, 2021


Premier Florin Citu announced on Tuesday, that there would not be amendments of the Fiscal Code this year. “We will not increase taxes and will not introduce new taxes,” the premier announced.   “We are in the second year when nothing will happen to the Fiscal Code which will remain the same. I promised we would not amend the Fiscal Code, we would ...

Germany, France, Italy on top spots in countries' ranking controlling subgroups of companies in Romania

Thursday, May 6, 2021

- Germany, France and Italy occupy the first three places in the top of the countries that control enterprise subgroups in Romania. - In Romania, in 2019, 80787 enterprise groups were identified, out of which 5496 all-resident enterprise groups and 75291 multinational enterprise groups (462 domestically controlled and 74829 foreign-controlled, ...

Industrial production prices go up by 4.8% in March

Thursday, May 6, 2021

  - In March 2021, industrial production prices for the total (domestic market and non-domestic market) were up 1.4% from February 2021. - Industrial production prices for the total (domestic market and non-domestic market) increased by 4.8% in March 2021 compared to March 2020. The ...

Romania's President Iohannis, Polish counterpart Duda to host Bucharest Nine summit meeting on May 10

Wednesday, May 5, 2021

Romania's President Klaus Iohannis and his Polish counterpart Andrzej Duda will host next Monday a Bucharest Nine (B9) summit.According to the Romanian Presidential Administration, the event is organised at the initiative of President Iohannis and will take place in Bucharest in the presence of Duda and with the participation via videoconference of the other B9 heads of state, as well as NATO Secretary General Jens Stoltenberg.The Presidential ...

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