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 Crin Antonescu, validated as presidential candidate by Social-democrats

Monday, February 3, 2025

 Crin Antonescu, who was validated as presidential candidate on Sunday, at the Palace of Parliament, at the extraordinary congress of the Social Democratic Party (PSD), declared that he will be a strong president not by violating the Constitution, "not by abusively interpreting it", but through commitment, attitude, dedication and partnership."I believe that, as far as the president and his relationship with political parties are concerned, with a ...

PM Ciolacu, to meet heads of several major US investment funds interested in Romania

Monday, February 3, 2025

Prime Minister Marcel Ciolacu on Friday said next week he will meet with the heads of several major American investment funds interested in Romania, mentioning that there are clear signals that the strategic partnership with the United States "is entering a new economic dimension," as agreed with President Donald Trump at the end of last year."Next week, I will discuss with the heads of several major American investment funds interested in our country. There ...

IMF delegations arrives today in Bucharest

Monday, February 3, 2025

An International Monetary Fund (IMF) delegation will visit Bucharest from February 3 to 7, Geoff Gottlieb, IMF Regional Representative for Central, Eastern and Southeastern Europe, recently announced."The IMF team will meet with representatives of the new Romanian Government and the National Bank of Romania to analyze recent financial and economic developments and update the macroeconomic outlook. The mission will be led by Joong Shik Kang, who replaced Jan ...

Finance Minister on 2.5% economic growth forecast: Romania is capable of this growth

Monday, February 3, 2025

  The minister of finances, Tanczos Barna rejects the idea according to which estimated economic growth at 2.5% is too optimistic, explaining that at the basis of this estimate there are figures of the Prognosis Commission and the National Bank, as specialized institutions. Tanczos shows that he trusts the figures presented by the two institutions.   The minister of public finances explained on Friday night ...

EC calls on Romania to communicate measures transposing gender balance directive

Monday, February 3, 2025

 The European Commission on Friday decided to open an infringement procedure by sending a letter of formal notice to Romania, Belgium, Czechia, Estonia, Greece, Cyprus, Latvia, Luxembourg, Hungary, the Netherlands, and Austria for failing to communicate the respective measures on the transposition of the Directive on improving the gender balance among directors of listed companies and related measures (Directive 2022/2381) to the commission.Also, the ...

Gov't decides new norms on forms of organization, establishment, operation and control of medical offices

Monday, February 3, 2025

The Government established on Friday, by ordinance, new norms on the forms of organization, establishment, operation and control of medical offices.According to a Government's press release, medical offices can be established in various forms, including as independent units, commercial companies, associations or within public institutions and religious denominations."These will be registered in the Single Register of Medical Offices, and the ...

Minister Bolos: Slashing certain EU project management positions for spending cuts comes with funding suspension risk

Monday, February 3, 2025

The Ministry of European Investments and Projects has taken steps to cut personnel expenses by 5 percent, Minister Marcel Bolos told Agerpres in an interview, stating that a potential restructuring is under analysis, but a decision in this regard must be made without jeopardizing the absorption of European money."For a start, there has already been a horizontal measure to cut personnel expenses by 5 percent, which was implemented with all the ministries. As ...

PwC Romania Survey: Share of companies anticipating staff reduction this year increases to 11% 

Monday, February 3, 2025

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The share of companies anticipating staff reduction this year increased to 11% in January 2025, from 2% in January 2024, according to the HR Barometer survey conducted by PwC Romania.Although, overall, there are more employers (47%) who anticipate an increase in the number of employees, as well as stagnation (42%), the percentage of companies expecting staff reductions has significantly increased this year compared to the same period in ...

Average monthly salary in 2025 estimated at 5,355 lei  

Monday, February 3, 2025

The average monthly salary in 2025 is estimated at 5.355 lei, according to the Report regarding the macroeconomic situation for 2025 and its projection for 2026 – 2028 published on Thursday night by the government at the same time with the draft of the budget law. The document shows, at the same time, an economic growth of 2.5% whose main factor is represented by investments and a number of unemployed of 250,000. Private consumption will drop, following the measures ...

Minister Barna: We are still a country at the bottom of the league in the number of economically active people out of the total potentially active

Monday, February 3, 2025

The minister of finances, Tanczos Barna states that Romania surpassed the countries in the region for some chapters, but it is still with the lowest degree of population employment. ‘We continue to be be at the bottom of the league: active people out of the total of active potential. Namely, if we look at the curves in this area, we see that in Romania there are most people who are active, namely who could work but they prefer to stay at home’ explains Tanczos ...

Building permits for residential buildings in Romania, up 2.9pct in 2024

Monday, February 3, 2025

  The number of building permits issued for residential buildings increased by 2.9% in 2024 from 2023, to 35,667, according to data published on Friday by the National Institute of Statistics (INS).Increases were recorded in the following development regions: Sud-Muntenia (+441 permits), Vest (+375), Bucharest-Ilfov (+206), Nord-Est (+99), Sud-Est (+20) and Nord-Vest (+10). Decreases were recorded in the development regions Centru (-112 ) and ...

MAE: Romania reaffirms unwavering support for sovereignty, independence and territorial integrity of Ukraine

Friday, January 31, 2025

Romania reaffirms, in the context of the war unleashed by the Russian Federation against Ukraine, its consistent position and "unwavering" support for the sovereignty, independence and territorial integrity of Ukraine within its internationally recognized borders, informs a press release sent by the Ministry of Foreign Affairs (MAE) on Thursday.According to the ministry, Romania "strongly" condemns the Russian Federation's "illegal and unprovoked" war of ...

Romania's 48th Fighter Squadron complete as new F-16 lands at Campia Turzii

Friday, January 31, 2025

A F-16 Fighting Falcon purchased by Romania from Norway landed on Thursday at the 71st General Emanoil Ionescu Air Base at Campia Turzii, thus completing to 16 the 48th Fighter Squadron of the said air base, the National Defence Ministry informs.The acquisition of the new batch of F-16 Fighting Falcons and the related package of goods and services helps increase Romania's security through the defence of the national or NATO airspace, in both peacetime and in ...

President Iohannis decorates former Secretary of U.S. Department of Homeland Security

Friday, January 31, 2025

 President Klaus Iohannis signed on Thursday the decree for awarding the National Order "Faithful Service" in the rank of Grand Cross to Alejandro Mayorkas, Secretary of the U.S. Department of Homeland Security (2021-2025).According to the Presidential Administration, the head of state conferred the order on Alejandro Mayorkas in sign of "high recognition of the special contribution made to the consolidation of the partnership in the field of security ...

PM Ciolacu: No discussion with President Klaus Iohannis on resignation

Friday, January 31, 2025

 Social Democratic Party (PSD) leader, Prime Minister Marcel Ciolacu, said on Thursday, when asked about the calls for the resignation of President Klaus Iohannis, that he had no discussions with the head of state."I have not had any discussion with Mr. President Klaus Iohannis," said Marcel Ciolacu, after the PSD National Political Council meeting, asked if they discussed the resignation of President Klaus Iohannis, as proposed by Social Democrat Mihai ...

PresidentialElection2025/ Electoral period kicks off on February 18

Friday, January 31, 2025

The electoral period for the presidential election begins on February 18, with the first round of voting to take place on May 4, and the second on May 18.The Central Electoral Bureau is established on February 20, candidacies can be submitted until March 15, and the electoral campaign begins on April 4 and ends on May 3, according to the decision regarding the presidential election calendar, published in the Official Journal.The main milestones ...

PSD extraordinary congress on Sunday at Parliament Palace

Friday, January 31, 2025

The extraordinary political the Social Democratic Party (PSD) council decided to summon an extraordinary congress to complete the procedure of appointing Crin Antonescu candidate for the position of Romania's president.   Asked whether there were talks about Victor Ponta's cadidacy for the presidential elections, PSD deputy Miahi Chigiu said: “We did not talk about Mr. Ponta's ...

Gov't to discuss draft 2025 national budget

Friday, January 31, 2025

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The government will approve today by ordinance the amending and supplementing Law no. 227/2015 on the Tax Code."In order to avoid the risk of the specific turnover tax not being paid, foreign legal entities that carry out activities in the oil and natural gas sectors, which have not registered a permanent establishment in Romania, will be under an obligation to additionally set aside a guarantee of EUR 1 million, similar to the case of the Contribution to ...

Minister Bolos:Romania has enough commitments with European Commission, agreement with IMF not necessary

Friday, January 31, 2025

 Romania has sufficient commitments with the European Commission, which lead to fiscal discipline and budget deficit reduction, and I do not believe that an agreement with the International Monetary Fund is necessary, the Minister of Investments and European Projects, Marcel Bolos said in an interview for Agerpres."I do not think that this is the case for an agreement with the International Monetary Fund. Romania has sufficient commitments in relation ...

Finance Ministry: Government debt grew to 937 billion lei, 54.3% of GDP in November

Friday, January 31, 2025

The government debt rose in November 2024 to 936.995 billion lei , from 931.186 billion lei the previous month, according to data released by the Finance Ministry. As GDP percentage, the government debt grew to 54.3% frm 54% in October (according to INS press release of December 6, 2024).   In November 2024, the average and long term debt dropped to 866.272 billion ...

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