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The businessman Spas Rusev, favourite to take over the Telekom mobile division

Thursday, July 18, 2019

The businessman Spas Rusev, a tycoon from the right – controversial person – who presented an offer, is the favourite for taking over the Telekom Romania mobile division said the sources. Rusev is considered a controversial person, being presented as ‘ a tycoon from the right’ and mastermind during the government of Simeon de Saxa-Coburg-Gotha being a person with connections with members of a crime groups of Bulgaria. He is the majority shareholder of ...

PM Viorica Dancila în The Guardian: ‘I want my country’s image to be good’: has Romania’s ruling party moved on?

Wednesday, July 17, 2019

After huge public protests, Viorica Dancila must prove she is not just a proxy for the former PSD leader who was jailed for corruption, theguardian.com reads în the interview with Romanian Prime Minister „In less than 48 hours in May, Romania’s ruling party was given a triple dose of reality when it was badly beaten in European parliamentary elections, rebuked in a referendum on its attempt ...

France to back Romanian for EU prosecutor, top MEP says

Wednesday, July 17, 2019

* Paris will change stance to support former anti-corruption chief, according to leader of Renew Europe quoted by politico.eu. France will back Romanian candidate Laura Codruta Kovesi to be the first EU public prosecutor, according to the leader of the European Parliament group that includes French President Emmanuel Macron's party. "The French government will inform the Council [of the EU] in the ...

PM Dancila disputes dignitaries, diplomats carried out Romania's EU Council presidency

Wednesday, July 17, 2019

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Romania managed during the EU Council Presidency to be a "very good" mediator, Prime Minister Viorica Dancila told the European Parliament plenary meeting on Tuesday, adding that Romania would have wanted to achieve more things, but it is not easy to create consensus among 28 member states where priorities differ."Indeed, Romania held the rotating Presidency at a time full of challenges which the European Union hadn't had before. I am referring to the Brexit ...

Justice Minister Birchall: I wrote all magistrates' professional associations, seeking their opinion on GRECO reports

Wednesday, July 17, 2019

 Justice Minister Ana Birchall said on Tuesday that she asked professional magistrates' associations to submit their opinion on the recommendations made in the recently released GRECO reports."Yesterday I asked for the opinion of the judges' section of the Superior Council of Magistrates (CSM), today I will ask for the point of view of the Council's prosecutors' section and I sent requests to all the professional associations that have a say in justice being ...

Police unionists severely criticized the mandate of resigning minister Carmen Dan

Wednesday, July 17, 2019

The leader of the National Policemen Trade Union, Dumitru Coarna has said that resigning minister Carmen Dan had been the weakest minister in the Interior Ministry’s history, “boasting” four policemen as victims. According to Coarna, Carmen Dan was not entitled to lead the Interior Ministry from the very beginning, accusing that she had been appointed by Liviu Dragnea, but she had lost endorsement after the ...

DNA: 65 defendants in corruption files receive final rulings in June

Wednesday, July 17, 2019

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Over 60 defendants in corruption files handled by the National Anticorruption Directorate (DNA) were convicted in June 2008 through 28 final rulings, among them being magistrates, a rector and a cabinet chief of the Interior Minister.According to a DNA release sent on Tuesday, in June, in the corruption cases handled by the anticorruption prosecutors, 65 defendants were finally convicted and the sentences ordered by judges against them range from 8 years to 2 ...

Long-term external debt amounted to EUR 69.454 billion in May

Wednesday, July 17, 2019

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In January – May 2019, the balance-of-payments current account posted a deficit of EUR 3,401 million, compared with EUR 2,564 million in January – May 2018. The deficit on trade in goods widened by EUR 1,476 million, the surplus on services income increased by EUR 116 million, the deficit of the primary income balance narrowed by EUR 778 million, and the surplus of the secondary income balance decreased by EUR 255 million, the National Bank of ...

Finance Ministry raises 75 ml lei from banks, in addition to Monday's offering

Wednesday, July 17, 2019

The Ministry of Public Finance raised 75 million lei from banks on Tuesday, in addition to Monday's offering, when it raised 500 million lei for a yield of 4.35 pct per annum through a benchmark bond issue with 81-month residual maturity, according to data published by the National Bank of Romania.The nominal value of the additional issue was 75 million lei and the bids amounted to 285 million lei.The Ministry of Public Finance is planning to raise ...

Talent Abroad: A Review of Romanian Emigrants

Wednesday, July 17, 2019

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In recent years, Romania has undergone major economic, social and political transformations. Given the significant emigration of the Romanian population and the recognition of the contributions of the diaspora, Romanian authorities are seeking to better understand this pool of talent residing abroad, which has great potential to contribute to the economic and social development of Romania. This review provides the first ...

EUROPAfest Summer Edition

Wednesday, July 17, 2019

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After the success registered by the 26th edition of the EUROPAfest - jazz, blues, pop and classic, organized in May in Bucharest and Sibiu, jmEvents and Jeunesses & Dinu Lipatti organize the summer edition of the festival in Sinaia from July 18th to 30th. EUROPAfest Summer Edition, organized in partnership with the Sinaia City Hall, the Peles Museum and the Mara Hotel, has become a long-awaited tradition for both locals and tourists. The agenda includes concerts of ...

PSD proposals to reshuffle the government: Nicolae Moga -for Interior Minister, Ramona Manescu - ForMin, Mihai Fifor - Deputy PM

Tuesday, July 16, 2019

Senator Nicolae Moga was validated on Monday by the Executive Committee (CEx) of the majority Social Democratic Party (PSD – ruling party) for the office of Interior Minister, while Mihai Fifor was validated for Deputy Prime Minister in charge with strategic partnerships, PSD national leader Viorica Dancila said at the end of the CEx meeting.At the same time, the PSD leadership took note of the proposal of the party's junior ruling partner Alliance of ...

PSD to have its own candidate in the presidential elections; Congress - August 3

Tuesday, July 16, 2019

The Social Democratic Party (PSD – ruling party) will have its own candidate in the presidential elections this November, to be validated by the Congress on August 3, the party leader, Viorica Dancila, announced on Monday, at the end of the meeting of the National Executive Committee."The PSD Congress that will validate the candidate for the presidential elections will be held on August 3. We invited the CExN to take into account the possibility of endorsing ...

Simona Halep to be presented with Romania's Star decoration

Tuesday, July 16, 2019

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President Klaus Iohannis has decided to award the highest distinction of the Romanian state, Romania's Star, in rank of Knight, to tennis player Simona Halep for winning the Wimbledon 2019 women's singles tournament."As a result of an extraordinary performance at the Wimbledon tennis tournament as well as in recognition and appreciation for the whole career, the President of Romania, Mr Klaus Iohannis, has decided to award the highest distinction of the Romanian ...

FinMin Teodorovici to propose several austerity measure

Tuesday, July 16, 2019

The leaders of the ruling Social Democrat Party discuss several austerity measures at the Executive Committee meeting , with Finance minister Eugen Teodorovici to propose a package that would be adopted together with the budget rectification by the end of this month. The austerity measures will mainly eye students and part of the public servants. The Finance minister intends to cut the scholarships of the students who are not working during summer. ...

Balance-of-payments current account deficit, up 32.6pct, Jan.-May, 2019

Tuesday, July 16, 2019

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In January-May 2019, Romania's balance-of-payments current account posted a deficit of 3,401 million euros, compared with 2,564 million in January - May 2018, according to a press statement released on Monday by the National Bank of Romania (BNR).The goods trade deficit widened by 1,476 million euros, while a surplus in services income increased by 116 million euros, while the deficit in the primary income balance narrowed by 778 million euros, and the surplus in ...

FDI down almost 10.2pct between Jan.- May 2019

Tuesday, July 16, 2019

Foreign direct investments dropped in the first five months of the year by approximately 10.2 percent compared to the same period of last year, to 1.491 billion euro, according to data published by the National Bank of Romania (BNR)."Non-residents' direct investments in Romania totalled 1.491 billion euro (compared to 1.660 billion euro in January - May 2018), of which equity (including estimated net reinvestment of earnings) amounted to 1.476 billion euro and ...

BVB did not manage to draw any listing in the first semester

Tuesday, July 16, 2019

The Bucharest Stock Exchange (BVB) did not draw any public offer (IPO) initiated in the first half of this year, although there were companies which stated their interest in financing through such operations, in exchange showing preference for the bonds issues, according to a study made by PwC which shows the fact that on the capital markets in Europe the value of IPO launched dropped by 47% at 12,1 billion euro, during the reference period, as compared to the first semester ...

Number of pensioners on social allowance down 1,945 in May 2019

Tuesday, July 16, 2019

 The number of beneficiaries of the social allowance for pensioners in May 2019 was 1,052,109, down 1.945 from the previous month, according to data centralized by the National House of Public Pensions (CNPP) .Of the total social allowance recipients registered in May, 872,686 were retired from the public system and 179,423 retired farmers.In the case of pensioners in the public system, the average amount of the indemnity paid from the state ...

Volume of Jan - May construction works up 23.1 pct YoY

Tuesday, July 16, 2019

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Compared to the previous month, in May 2019, the volume of construction works increased, as gross series, by 5.8% and fell, as adjusted series according to the number of working days and to seasonality, by 7.6%. Compared to the corresponding month of the previous year, the volume of construction works rose both as gross series and as adjusted series according to the number of working days and to seasonality, by ...

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