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Romania's electricity consumption reaches new record on Wednesday, due to the heat wave

Thursday, July 29, 2021

Romania's electricity consumption reached record values for the summer period on Wednesday, at noon, amid extremely high temperatures, according to data on the status of the national energy system in real time, posted on the Transelectrica website.Thus, at 1:17 pm, the instantaneous consumption had reached 8,801 MW, more than the previous record of 8,687 MW, recorded on July 15.At that time, the country's energy production was 7,500 MW, the ...

Heatwave dubbed by rainfalls, storms, Saharan Dust Cloud

Thursday, July 29, 2021

Meteorologists updated the heatwave warnings on Wednesday, but also issued new yellow and orange warnings for rains and storms in 26 counties. The capital and 7 counties will be under code orange heatwave warning this week, with maximum temperatures between 38 and 40 degrees.The first yellow code warning of heat and high thermal discomfort will be in force from 28 to 31 July.   Meteorologists say the heat ...

Rosia Montana on World Heritage List

Wednesday, July 28, 2021

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 The listing of the Rosia Montana mining cultural landscape as UNESCO World Heritage site is an achievement and at the same time the beginning of a journey, the National Heritage Institute (INP) states."The exceptional universal value of the Rosia Montana mining cultural landscape - the most important, extensive and technically diverse underground mining complex of Roman antiquity, together with the ore exploitation areas, the residential areas, sacred ...

Canadian company Gabriel Resources threatens Romania with new trial when Rosia Montana was included on the list of UNESCO World Patrimony

Wednesday, July 28, 2021

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The Canadian company Gabriel Resources does not exclude launching a new trial against Romania as effect of including Rosia Montana mining landscape on the list of UNESCO World Patrimony. The request of inclusion in the World Patrimony is against Romania's obligations, according to international treatises, in its relations with Gabriel Resources, is the company's warning, quoted by AFP. The company also says that its mining project would have generated “huge ...

Easing of Covid restrictions as of Aug. 1, mask mandatory indoors, but also outdoors under certain circumstances

Wednesday, July 28, 2021

The National Committee for Emergency Situations (CNSU) has approved a set of coronavirus easing measures applicable as of August 1 for the organization of shows, sports and private events, rallies, workshops, as well as in bars, clubs, discos and gaming halls.According to CNSU Decision No. 50 adopted on Monday evening, cultural, artistic and entertainment activities, as well as private events (weddings, baptisms, memorial gatherings etc.) can be held both ...

Romania has sold 1,170,000 doses of vaccine so far

Wednesday, July 28, 2021

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 Secretary of State with the Ministry of Health Andrei Baciu, CNCAV (Coordinating Committee for Vaccination Activities against COVID-19) vice-president, on Tuesday said that Romania has so far sold 1,170,000 doses of vaccine, donated some of the doses and has planned to donate more."We sold 1,170,000 doses of vaccine to Denmark, we donated over a half million doses to the Republic of Moldova, 100,800 to Ukraine, 30,000 to Argentina, and 50,4000 to ...

PM Citu discusses investment, reform in call with US Secretary of Commerce Raimondo

Wednesday, July 28, 2021

On Tuesday, Romania's Prime Minister Florin Citu had a telephone conversation with US Secretary of Commerce Gina Raimondo to reiterate Romania's commitment to a shared agenda with the US of "prosperity and democracy.""Excellent call with UC Commerce Sec. Gov. Raimondo. Discussed strategic opportunities in the context of RO investments and market-based reforms agenda. Expressed Romania's commitment to our shared agenda of prosperity and democracy," Citu wrote ...

Overdue RON-loans advance 3.4pct in June, overdue forex loans decrease by 3.7pct

Wednesday, July 28, 2021

The total value of overdue loans denominated in RON of the non-government customers amounted to 4.7 billion lei, up 3.4% on a monthly basis, while overdue forex loans decreased by 3.7%, to 1.43 billion lei (equivalent), according to data with the National Bank of Romania (BNR).The total June loans were standing at 214.27 billion lei (2.12% over the value of the previous month), of which 81.869 billion lei were taken out by corporate customers economic and ...

Budget deficit up to 2.96 pct of GDP after 6 months

Wednesday, July 28, 2021

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The general consolidated budget deficit is up to 2.96 pct of the Gross Domestic Product after the first six months of this year, from 2.29 pct of the GDP at the end of May, yet over the corresponding period of the previous year the negative balance is dropping, according to the data published by the Finance Minister."The execution of the general consolidated budget in the first six months of the year 2021 has concluded with a deficit of 33.81 billion RON ...

PM Citu touts 32.4 pct growth in six-month public investments

Wednesday, July 28, 2021

 Prime Minister Florin Citu took Tuesday to Facebook to state that H1 public investments are 32.4 percent higher compared to the same period in 2020, standing at 21.35 billion lei."Public investments have gone up: 21.35 billion lei in the first 6 months of 2021, by 32.4% more compared to the same period of 2020. Romanians must know: we are investing in Romania! Another first: in Q1 2021 economic growth is entirely investment-driven, not based on ...

PwC CEO Survey Romania 2021 : Hiring intention, at lowest point in last 7 years

Wednesday, July 28, 2021

Less than half (46%) of all CEOs in Romania foresee an increase in the number of employees for the next 12 months, while the ratio of company leaders who intend to make several hirings has gone down to the minimum of the last 7 years, according to a report from PwC CEO Survey Romania 2021."Less than half (46%) of all CEOs in Romania foresee an increase of the number of employees in the next 12 months, according to the data from the PwC CEO Survey Romania ...

Nine out of ten Romanians believe that innovation makes their lives easier

Wednesday, July 28, 2021

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• Innovation makes Romanians' lives easier (93%) and helps them feel safe (84%).  • Young people between the ages of 25 and 34 believe that innovation plays an important role in protecting the environment (88%) and also contributes to a healthier lifestyle (81%). • 7 out of 10 Romanians would trust the most innovative and sustainable masonry ...

Planable: Brands move away from traditional social media platforms, as video content increases by 17% 

Wednesday, July 28, 2021

Businesses have started to move away from traditional social media platforms such as Facebook, Twitter and Linkedin in the first half of 2021, as companies have increasingly used Instagram as the preferred platform for promoting their brand, according to the latest study by ...

Romania grants 300K euro for consolidation of civil society and media independence in R. Moldova

Tuesday, July 27, 2021

 The Ministry of Foreign Affairs (MAE) conducted the payment of a voluntary contribution worth 300,000 euro through the European Endowment for Democracy (EED), for the purpose of implementing projects in support of civil society and independent press in the Republic of Moldova, following a decision in this sense announced by Minister Bogdan Aurescu, last week, during his official visit in Chisinau.According to a release from MAE, the mentioned financial ...

ForMin Aurescu reconfirms Romania's attachment to La Francophonie

Tuesday, July 27, 2021

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Romania's Foreign Minister Bogdan Aurescu on Monday welcomed rector of the University Agency of la Francophonie (AUF) Slim Khalbous, at the ministry's headquarters, reconfirming Romania's attachment to the promotion of la Francophonie including by organising in Bucharest, September 21-24 in a hybrid format the 18th meeting of the General Assembly of AUF, amidst AUF's 60th anniversary this year.According to the Romanian Foreign Ministry (MAE), Romania's ...

The UNESCO World Heritage Committee will examine the nomination of Rosia Montana site on Tuesday

Tuesday, July 27, 2021

The UNESCO World Heritage Committee will examine the nomination of Rosia Montana site on Tuesday to be added on the list of protected sites by the institution, together with the candidatures of Uruguay, Brazil and Peru. The discussion about the Rosia Montana file will be initially on the Sunday agenda, according to the UNESCO site.   On Monday, at local time 22 :30 (14 :30 GMT), the chairman of ...

CFA Romania's 2021 projections: 5.8 pct economic growth, budget deficit at 6.2 pct of GDP

Tuesday, July 27, 2021

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Financial analysts project a 5.8 percent growth rate for Romania's economy this year and a budget deficit of 6.2 percent of GDP, while the time horizon for Romania's joining the eurozone is 2030, Romania's chartered financial analysts association CFA Romania said in a release on Monday.More questions regarding the economic impact of the coronavirus have been added since April last year to the monthly survey conducted by CFA Romania whereby the organization ...

WB: Economic Recovery Plans Essential to Delivering Inclusive and Green Growth that Shields Households at Risk of Poverty

Tuesday, July 27, 2021

EU member states must ensure careful and efficient implementation of economic recovery plans that support inclusion and growth to bounce back from the worst impacts of the COVID-19 pandemic, says a new World Bank report.     The World Bank’s latest EU Regular Economic Report – entitled Inclusive Growth at a Crossroads – finds that the unprecedented and exceptional policy ...

Allview owner debuts on the stock exchange, eyes leading position on domestic smart TV market

Tuesday, July 27, 2021

Romanian company Visual Fan, owner of the Allview tech brand, got listed on Monday on the Bucharest Stock Exchange's AeRO small- and mid-cap market after raising in April 15.5 million lei from the capital market through a private placement of new shares.The company's anticipated capitalization is 155.5 million lei. The private placement and listing were done through TradeVille.The company's shares will be traded under the ALW ticker ...

Agricultural production value down 15.4 pct in 2020

Tuesday, July 27, 2021

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 The value of Romania's agricultural production decreased 15.4 percent in 2020, as the crop production dropped 21.5 percent, and animal production and agricultural services both slid by 1.2 percent, shows data released on Monday by the National Institute of Statistics (INS).The value of the agricultural production amounted to 81.4 billion lei in current prices, with the crop production accounting for 52.8 billion lei and the animal production for 26.7 ...

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