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Florin Citu had a meeting with the First Deputy Chairman of the Verkhovna Rada of Ukraine

Wednesday, June 15, 2022

 The President of the Senate, Florin Citu, had a meeting, on Tuesday, with Oleksandr Kornienko, First Deputy Chairman of the Verkhovna Rada of Ukraine, discussions in which the Romanian dignitary pleaded for a unitary approach to the subject European Union of Ukraine, the Republic of Moldova and Georgia.He also stressed the importance of offering the status of candidate for accession to the three member states of the Eastern Partnership, according to ...

Constanta port capacity should be expanded to export Ukraine's cereals

Wednesday, June 15, 2022

Ukraine asked that the capacity of the Romanian port Constanta should be expanded so that it could export its cereals and requested support from EU states to store on their territories Ukrainian cereals which Kiev cannot export via the Black Sea because of the Russian blockade, a Ukrainian official quoted by EFE said on Tuesday.   Markian Dmitrasevich, the deputy minister of agrarian policies and food, ...

Current account deficit at 7.5 bln euros as of end-April 2022

Wednesday, June 15, 2022

   The current account of Romania's balance of payments was running a deficit of 7.568 billion euros as of end-April 2022, up 84 percent from the 4.114 billion euro deficit registered in the same period of the year before, the National Bank of Romania (BNR) said in a statement on Tuesday.The breakdown shows that the deficit on trade in goods has widened by 2.589 billion euros, the surplus on services increased by 345 million euros, the ...

FDI up by 34 oct in first four months of 2022, to 3.149 billion euros

Wednesday, June 15, 2022

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 Foreign direct investment (FDI) increased by 34% in the first four months of this year, to 3.149 billion euros, compared to 2.35 billion euros in the similar period of 2021, according to data provided by the National Bank of Romania."The direct investments of non-residents in Romania amounted to 3,149 million euros (compared to 2,350 million euros in January-April 2021), of which equity investments (including estimated net reinvested profit) amounted ...

Moneycorp Barometer: Business milieu estimates Romania is heading for stagflation 

Wednesday, June 15, 2022

Romania is heading for a period of economic stagnation and a further rise in inflation, a potential scenario, known as stagflation, which causes companies to secure their businesses, in line with the declining appetite for investment and consumption, according to the Moneycorp Barometer.The survey, conducted by Moneycorp and the consulting firm Frames, indicates that 46.7% of businesspeople, managers and executives in the surveyed companies, partners of ...

Survey: Some 92.5pct of Romanian entrepreneurs anticipating new price increases 

Wednesday, June 15, 2022

Approximately 92.5% of Romania's entrepreneurs are anticipating new price increases for their products/services, with more than three-quarters of them (77%) saying that they would increase the prices by 10-30%, according to a survey released on Tuesday by Romania's National SMEs Council.According to the survey, among the entrepreneurs anticipating new price increases for their products/services, 77.1% will increase their prices by 10-30%, 14.3% by less than ...

Jan - April industrial production drops 2.5 pct

Wednesday, June 15, 2022

- In April 2022, industrial production decreased by 12.5% as gross series compared to March 2022 and was up 0.7% as series adjusted by number of working days and seasonality. - Compared to April 2021, industrial production was down 8.8% as gross series and dropped 6.9% as series adjusted by number of working days and seasonality. ? - In the 1.I-30.IV.2022 period, industrial ...

Average monthly pension up 9.9 pct in Q1 2022

Wednesday, June 15, 2022

In the first quarter of 2022:   - the average number of pensioners was 5024 thousands persons, decreasing with 34 thousands persons as against of the previous quarter; average number of state social insurance pensioners was 4617 thousands persons, decreasing with 26 thousands persons as against of the previous quarter; - the ...

The French president is expected in Romania to greet the troops at the gates of Ukraine

Tuesday, June 14, 2022

French President Emmanuel Macron is expected in Romania on Tuesday to greet the 500 French soldiers deployed at a NATO military base since the invasion of Ukraine, before a support visit to Moldova and a possible trip to Kyiv, he comments AFP.   It is the first tour of the French president in south-eastern Europe directly affected by the conflict triggered by Moscow at the end of ...

President Iohannis to attend narrow-format meeting in The Hague, in preparation of NATO Summit on June 14

Tuesday, June 14, 2022

President Klaus Iohannis will attend on Tuesday, June 14, a narrow-format meeting in The Hague, in preparation of the NATO Summit, organized by the Prime Minister of the Kingdom of the Netherlands and the Prime Minister of the Kingdom of Denmark. The prime ministers of Belgium, Latvia, Poland and Portugal, as well as NATO Secretary General Jens Stoltenberg, will also be present, according to a press release issued Monday by the Presidential ...

Ministry of Health: First case of monkeypox diagnosed in Romania

Tuesday, June 14, 2022

The Ministry of Health announced on Monday that the first case of monkeypox in Romania was diagnosed in a 26-year-old man from Bucharest."This is a 26-year-old man from Bucharest. He was diagnosed on Monday following laboratory investigations," informs a press release from the Ministry of Health.According to the cited source, the disease started 4 days ago, and the patient went to the hospital on Sunday night."The man's condition is ...

Eurobarometer survey : Romania has the highest percentage of supporters of the euro currency

Tuesday, June 14, 2022

Romania has the highest percentage of supporters of the euro currency (77%), shows a Eurobarometer survey made in the EU states which did not adopt the euro currency, as Romania does not meet any of criteria to access the euro zone, according to the most recent report of the European Commission.   The European Commission published the annual survey Eurobarometer Flash regarding the introduction of the euro currency in the ...

Voluntary pension funds had assets of RON 3,36 billion in April, up by 7%

Tuesday, June 14, 2022

Voluntary pension funds had assets of RON 3.36 billion on 29th  April 2022, up by 7% as compared to the level registered on the same day of the previous year, according to a report of the Authority for Financial Supervision (ASF).‘Most investments were made locally (92%), the majority being in lei (91%), the report mentions.State securities held the largest share of ...

BNR: The rate of non-performing loans dropped to 3,31% at the end of the first quarter of 2022

Tuesday, June 14, 2022

The rate of non-perfroming loans was, at the end of Q1 of 2022, 3.31% against 3.35% at the end of last year, according to the data centralised by the National Bank of Romania (BNR).In March 2022, in Romania there were 34 lending institutions, out of which eight branches of foreign banks. The total assets were 641.8 billion lei, with two billion lei higher than in ...

Mandatory private pension funds had assets of RON 88,42 billion in April, up by 9%

Tuesday, June 14, 2022

The mandatory private pension funds had assets of RON 88.42 billion lei, at the end of April 2022, up by 9% against the level on 30th April 2021, according to the data of the Authority of Financial Supervision (ASF).‘Investments in pensions funds managed privately were focused  in a percentage of 88% in Romanian assets, the majority being in lei. A large part of the Romanian instruments are represented by ...

More than 15,900 houses were commissioned in first quarter of this year

Tuesday, June 14, 2022

More than 15,900 homes were commissioned in the first quarter of this year, up 1,605 from the first quarter of 2021, according to data from the National Institute of Statistics (INS), released on Friday.By area of residence, in the first quarter of 2022, most homes were built in urban areas (57.6%)."The distribution of completed housing by funds reveals that in the first quarter of 2022, compared to the first quarter of 2021, the number of completed ...

Negative natural increase in Romania, in April

Tuesday, June 14, 2022

- In April 2022, the number of recorded births decreased compared to both April 2021 and March 2022. - The number of deaths recorded in April 2022 fell compared to both April 2021 and the previous month (March 2022). - In April 2022, the number of marriages increased compared to both April 2021 and March 2022, and the number of divorces dropped compared to both April 2021 and March ...

DNA opens corruption case in connection with rehabilitation of collapsed bridge in Neamt County

Tuesday, June 14, 2022

The National Anti-corruption Directorate (DNA) - Bacau Territorial Service has opened a criminal case for corruption in connection with the circumstances in which it was rehabilitated, modernized and consolidated, as well as the circumstances in which the road traffic was reopened on the collapsed bridge from Lutca, eastern Neamt County." At this moment, only the criminal prosecution in rem (against the deed) was started, regarding the suspicion of committing ...

B9 Summit/Joint Declaration:We need to increase multidimensional allied presence

Monday, June 13, 2022

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The heads of state who are part of the Bucharest 9 (B9) Format adopted on Friday a joint 11-point Declaration strongly condemning Russia's unprovoked and unjustified aggression against Ukraine, urging Russia to withdraw its forces from the Ukrainian territory and further support the need to "significantly" strengthen NATO's deterrence and defense posture."We, the Presidents of Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, ...

B9 Summit/ President Biden to NATO leaders meeting in Bucharest: US pledges to defend eastern flank

Monday, June 13, 2022

  The President of the United States of America, Joe Biden, wished a "successful summit" on Friday to the presidents of the allied states on NATO's Eastern Flank, gathered in Bucharest in the B9 Format, .In a Twitter post, the head of the US administration said that he is "looking forward" to seeing them again at the NATO Summit in Madrid.President Biden also said that the United States pledges to defend NATO's Eastern Flank, ...

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