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Romanian Consulate General inaugurated in Stuttgart

Monday, December 9, 2019

Minister of Foreign Affairs Bogdan Aurescu had a meeting on Friday with the State Minister in the government of the German federal state Baden-Wurttemberg, Theresa Schopper, in the context of the inauguration of the Consulate General of Romania in Stuttgart, a Foreign Affairs Ministry (MAE) press release informs."This meeting occasioned an exchange of opinions on cooperation at political, economic, social and cultural level between Romania and the German federal ...

Finance Minister Citu assures EU counterparts measures will be taken to achieve MTO

Monday, December 9, 2019

Public Finance Minister Florin Citu, attending the Economic and Financial Affairs Council meeting in Brussels on December 5, assured his EU counterparts that he has identified the package of measures required for achieving a sustainable fiscal consolidation in Romania, the Finance Ministry said in a release on Thursday."In the context of the talks on the Stability and Growth Pact, I presented the Council the latest economic data on the budget adjustment. I assured ...

Erste: Romanian currency Leu will continue to depreciate by 2-3 pct over 2020-2021

Monday, December 9, 2019

The Romanian currency Leu will continue to depreciate in the following years, because of the high current account deficit, shows a report published on Friday by the Austrian group Erste, which estimates the Romanian currency will lose 2-3 per cent in nominal terms, over 2020-2021.The BNR (National Bank of Romania) will continue to intervene on the market to smooth out the extreme volatility of the euro/leu exchange rate, but it won't fight the market trend, ...

Romania's Court of Accounts signs consultancy agreement with World Bank

Monday, December 9, 2019

Romania's Court of Accounts (CCR) and the World Bank have signed this week an Agreement for Reimbursed Consultancy Services, for 34 months, according to a press release of the CCR on Friday.The activities to be carried out with the World Bank's support are part of the CCR-SAI [Supreme Audit Institution - editor's note] project for the citizens - SIPOCA 744, financed through the Operational Programme Administrative Capacity, implemented starting with September ...

Dozens of tourist sites rescued by Prince Charles-backed 'Ambulance for Monuments' project

Monday, December 9, 2019

Architecture and history lovers will be able to enjoy, starting December 10, an exhibition featuring dozens of tourist sites located in eight counties, which have been rescued by restoration performed by the volunteers of the 'Ambulance for Monuments' project supported by Prince Charles, the Sibiu County Department of Culture (DJC) announced on Friday.The exhibition titled 'Ambulance for Monuments 2016 - 2019' will open on Tuesday at the DJC ...

More than three quarters of Romanian households have internet access at home

Monday, December 9, 2019

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No less than 75.7 percent of Romanian households have internet access at home in 2019, up 3.3 percentage points compared to the previous year, the National Institute of Statistics (INS) said. According to INS, about 61.8 percent of the households with internet at home are urban households.By regions, the Bucharest-Ilfov region has the highest share of internet-connected households (almost 6 out of 7 households), followed by the West and North-West regions. The ...

Pollution levels in Bucharest, already over the maximum limits for this year

Monday, December 9, 2019

The official figures communicated through the Air Quality Monitoring system show that the level of pollution in Bucharest already exceeded the limits for this year, according to ...

President Iohannis: the NATO Summit was "the fair burden sharing"

Friday, December 6, 2019

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The North Atlantic Alliance is the strongest alliance of all time, which withstood for more than 70 years, said on Thursday President Klaus Iohannis, who participated over the past days in the NATO high-level meeting, held in the UK. meeting ."Firstly, NATO reached 70 years, a notable thing and I believe that it's truly important to underscore that this alliance, which is the strongest military alliance of all times, withstood very well for 70 years and British Prime Minister ...

President Iohannis: We won't discuss moving Embassy from Tel Aviv to Jerusalem in the near future

Friday, December 6, 2019

President Klaus Iohannis said on Thursday that, in respect to the idea of moving the Romanian Embassy in Israel from Tel Aviv to Jerusalem, he still has the same option, of not doing it until there is a common decision made at the EU level in this regard."I did not change my opinion, but I can repeat it, it is still an interesting topic. I have argued from the very beginning that the Embassy of Romania should not be moved from Tel Aviv to Jerusalem. I still think the same and I ...

President Iohannis met EU ambassadors to discuss Dec.12-13 European Summit

Friday, December 6, 2019

President Klaus Iohannis met on Thursday the ambassadors of the EU member states accredited in Bucharest to discuss items on the agenda of the incoming European Summit of December 12-13, international, as well as domestic affairs.In a press statement released on Thursday, the Presidential Administration says the meeting was organised by the Embassy of Finland, the country that currently holds six-month rotating Presidency of the Council of the European Union."As far ...

ForMin Aurescu met Bulgarian counterpart to discuss delimitation of maritime zones

Friday, December 6, 2019

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Romania's Foreign Affairs Minister Bogdan Aurescu has met Bulgaria's Deputy Prime Minister for Judicial Reform and Minister of Foreign Affairs Ekaterina Zaharieva on the sidelines of a meeting in Bratislava, Slovakia, of the Organisation for Security and Co-operation in Europe (OSCE) Ministerial Council."The two senior officials welcomed the 140th anniversary in 2019 of bilateral ties between Romania and Bulgaria and voiced their wish for the enhanced partnership built in recent ...

Aurescu-Zannier meeting: Romania supports the strengthening of autonomous institutions of OSCE High Commissioner

Friday, December 6, 2019

Romania's support for the strengthening of the autonomous institution of the Organisation for Security and Co-operation in Europe (OSCE) High Commissioner on National Minorities, as well as the constant support of our country for the good functioning and relevance of this body's activity were highlighted by Minister of Foreign Affairs Bogdan Aurescu during the meeting with Ambassador Lamberto Zannier, the OSCE High Commissioner on National Minorities, on the sidelines of the OSCE Ministerial ...

Adina Florea withdraws from appointing procedure at SIIJ

Friday, December 6, 2019

Prosecutor Adina Flores withdrew her candidacy from the procedure appointing her the head of the Section Investigating Judiciary Crimes (SIIJ), said Daniela Stancioi, the spokesperson for CSM. “Today, Mrs Adina Florea, prosecutor, presented a request withdrawing her candidacy from the procedure appointing her head of SIIJ,” the Superior Council of Magistracy (CSM) informs. The plenum of CSM delayed several times Adina Florea's validation at the helm of this ...

August 10, 2018 file: Minister Vela announces dismissals at Bucharest Gendarmerie

Friday, December 6, 2019

Interior minister Marcel Vela has announce dismissals among the chiefs of Bucharest Gendarmerie over the brutal intervention of the riot police during the Diaspora rally on August 10, 2018. The minister accused the gendarmerie chiefs they ...

Government to adopt national budget law by December 31

Friday, December 6, 2019

The Government's objective is for the 2020 national budget law and the national insurance budget law to be adopted by December 31, so that any Romanian can know the expenses they can expect, Prime Minister Ludovic Orban said on Thursday.He said he "did not talk about the engagement of responsibility" of the Executive regarding the two laws, and it was only the press that discussed this topic."You [the journalists - ed.n.] talk about assuming responsibility. I have not ...

GDP IN Q3 2019 WAS, IN REAL TERMS, BY 0.6%1 HIGHER, AS COMPARED TO Q2 2019

Friday, December 6, 2019

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As against the same quarter of 2018, the Gross Domestic Product recorded an increase by 3.0% for unadjusted series and by 3.2% for seasonally adjusted series; In the period 1.I-30.IX 2019, Gross Domestic product increased by 4.0% as against the same period of the previous year for unadjusted series and by 4.1 for seasonally adjusted series; The seasonally adjusted series of quarterly Gross Domestic Product were ...

Bloomberg: FinMin Citu: Romania Has Buffer to Stave Off Any Funding Pressure

Friday, December 6, 2019

Finance minister says he’s not worried about currency swings Florin Citu vows measures to rein in country’s deficit in 2020 Romania’s finance minister said his country has a sufficient buffer to face any funding or exchange-rate pressure, vowing to shortly reassure markets with yet unspecified measures to rein in the Balkan nation’s deficit. “We have an optimum size buffer” of ...

Bank of China officially launches Bucharest branch on December 16

Friday, December 6, 2019

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Bank of China , the fourth largest bank in the world, inaugurates the Bucharest branch on Monday, December 16, after 70 years of diplomatic relations between China and Romania. The ceremony will be attended by the Chinese ambassador to Bucharest, Jiang Yu, the chairman of the Administration Board of Bank of China, Liu Liange, the general manager for Central and Eastern Europe, Xu Haifeng and the director of the bank's Bucharest branch, Guo Lixin. Mugur Isarescu, the governor ...

Wood Businesses Community warns of evolving crisis in wood and furniture industry

Friday, December 6, 2019

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Romania's wood and furniture industry are in an ongoing state of crisis, Catalin Tobescu, president of the Wood Businesses Community - Fordaq, told the Forests, Wood Industry and Green Economy Forum on Thursday."Many entrepreneurs want to quit the wood and furniture business. This should set us thinking. According to information provided by the National Institute of Statistics, there was an 8 percent decrease this year in the furniture industry, and a 5 percent decline in the ...

Social Monitor report: Romania trailing other EU states by average financial wealth

Friday, December 6, 2019

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A Romanian's average financial wealth is 9,965 US dollars, significantly lower than that of the citizens of other EU member states, shows an infographic report of the Social Monitor, a project of the Friedrich-Ebert-Stiftung Romania."According to Credit Suisse data, the average wealth of a Romanian adult is 43,074 US dollars, but this means the sum of the financial wealth - that is, the money held in bank or cash accounts - and the non-financial wealth represented by property, ...

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