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The state  borrows 177 million euro from CEB to build two prisons

Thursday, December 5, 2019

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The Romanian state contracted a loan of 177 million euro from the  Council of Europe Development Bank (CEB) for the building of two prisons which will create 1,900 new places for different categories of detainees, in accordance with the European standards, as well as a facility for the training of the personnel in penitenciaries and a centre for the recuperation of the work capacity of the officers, according to a draft law published on ...

The Judges Forum: over 80% of the magistrates and prosecutors support the elimination of the Special section

Thursday, December 5, 2019

Over 80 % of the judges and prosecutors who expressed their point of view in the general assemblies of the tribunals and prosecutors’ offices in the country support the elimination of the Section for the investigation of crimes in Justice (SIIJ) according to the partial data centralized by the Judges Forum of Romania.The minister of Justice Catalin Predoiu sent to the magistrates of Romania, to the prosecutors and the judges a letter where he invites them to ...

Extra fuel excise and the over-taxation of part-time employment contracts, eliminated by Chamber of Deputies

Thursday, December 5, 2019

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The extra fuel excise and the over-taxation of part-time employment contracts will be eliminated starting with January 1, 2020, according to a bill for the amendment of the Fiscal Code, adopted on Wednesday by the Chamber of Deputies with 280 votes "in favour", one vote against and two abstentions.Thus, from January 1, 2020, the over-taxation of part-time employment contracts would be eliminated, in order to apply a calculation basis for social contributions and ...

Minister of Economy: We will take responsibility in Parliament for modification of GEO 114

Thursday, December 5, 2019

The Government will take responsibility in Parliament for the modification of the GEO No. 114 in the next 2 - 3 weeks, so that, by the end of the year, it will cease its disastrous effects on the energy field, Economy Minister Virgil Popescu stated on Wednesday."We will take responsibility in Parliament for GEO 114 in the next 2 to 3 weeks, for the entire package, so that, by the end of the year, this Ordinance will cease its disastrous effects on the energy ...

Gov't senior Danca: We apply current Pension Law, with increase of pension point by 40pct as of September

Thursday, December 5, 2019

The current Pension Law, which also provides for a 40 percent increase in the pension point from September 1, 2020, will not be amended, said Wednesday evening, the head of the the Prime Minister's Chancellery, Ionel Danca.According to him, all the salary rights of the budgetary system employees, but also the pension rights granted under the normative acts in force will be maintained."I go back to the government programme where it very clearly says ...

Hourly cost of labor increased by 13 pct, in Q3 2019

Thursday, December 5, 2019

- In Quarter III 2019 the adjusted hourly labour cost (working days adjusted) registered an increase rate of 2.07% by comparison with the previous quarter and of 13.18% by comparison with the same quarter of the previous year  The hourly cost of labor, adjusted by number of working days, has recorded an increase of 13.18 pct in Q3 2019 compared to the same interval of the previous year, and the most important increase (22.91 pct) was ...

Survey: 60% of the companies say that the acquisitions brought value to the shareholders

Thursday, December 5, 2019

The majority of the companies (61%) which made acquisitions over the last three years say that the tradings brought value to the shareholders versus the price paid, as 92% of the buyers state they had a plan for it, says the PwC global survey ‘ Creating value beyond the deal’. The survey shows that 98% of the companies which say that the recent acquisitions created value confirm that they had a plan and they followed a strategy. Among them, ...

Study: More than half of the Romanians consider themselves helpless as regards climate changes

Thursday, December 5, 2019

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More and more Europeans, almost half of the population of ten European countries feel that they have very little protection or even no protection at all against the effects of climate changes, show a survey made by E.ON and Kantar EMNI according to which at the top of the most worried Europeans are the Romanians, 56% of the interviewees considering themselves helpless as regards climate changes.  ‘We are second after the Italians who share ...

World Francophonie Summit on education, research and cooperation in healthcare to be held in Iasi

Thursday, December 5, 2019

More than 20 members from France and Francophone countries are taking part in the World Francophonie Summit in Iasi focusing education, research and cooperation in healthcare. University Professor, PhD, Consuela Forna, head of CID-CDF (La Conférence Internationale des Doyens et des Facultés de Chirurgie Dentaire d'Expression Totalement ou Partiellement Française), the organiser of the event, stated that events will take place over ...

Over 75 Romanian specialists attending Cyber Coalition 2019 NATO cyber defence exercise

Thursday, December 5, 2019

Over 75 Romanian specialists, coordinated by the Cyber Defence Agency with the Cyber Defence Command of Romania's Ministry of National Defence are taking part in the Cyber Coalition 2019, the most important cyber defence exercise conducted by NATO, December 2-5, coordinated from Tartu, Estonia."The exercise, planned by the Allied Command Transformation and led by the NATO Military Committee, is designed to train and test NATO's responsiveness in defending critical ...

President Iohannis participates in work dinner with Trump and other leaders present at NATO meeting in London

Wednesday, December 4, 2019

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On Wednesday, President Klaus Iohannis participates in a work dinner next to US president Donald Trump and leaders from Poland, Estonia, Latvia, Lithuania, Greece, Bulgaria and Great Britain present at NATO Summit in London, according to official sources. On Tuesday, he was present at receptions offered in honor of heads of state and government by Queen Elisabeth II at Buckingham Palace and by British premier Boris Johnson at 10 Downing ...

Gov't looking into increasing minimum wage

Wednesday, December 4, 2019

Prime Minister Ludovic Orban has given assurances that the minimum wage will increase, saying nothing about the size of the increase, just that the government is looking into suggestions from trade unions and employers' associations."Sure, employers' associations mostly support our proposal. As far as the unions are concerned, they came up with some proposals that we are looking into, but they will be rather the basis for further discussions we will conduct in the ...

Finance Ministry will have the draft budget ready by December 15

Wednesday, December 4, 2019

Prime Minister Ludovic Orban said on Tuesday that it is extremely important for the 2020 national budget and national insurance budget to be adopted by the end of this year."I have not discussed that; I have only told my government and party colleagues, and coalition partners that it is extremely important for the budget to be approved by the end of the year. The claim that we should postpone passing the budget until next March, lest we trigger new investment ...

MJ endorses effort to repeal compensatory appeal

Wednesday, December 4, 2019

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Justice Minister Catalin Predoiu told the Judicial Committee of the Deputies' Chamber on Tuesday that the Justice Ministry (MJ) didn't change its standpoint, he still backs efforts to repeal compensatory appeal, and that he will go to the European Court of Human Rights (ECHR) to explain that the enforcement of this law led to an increase in violent crimes, which induces an accentuated insecurity among the citizens."One moth ago, in this hall, I said that the ...

SocDem Olguta Vasilescu sanctioned for discriminating statement against President Iohannis

Wednesday, December 4, 2019

The National Council for Combating Discrimination (CNCD) has sanctioned former PSD minister Olguta Vasilescu by warning for her statements addressed to President Klaus Iohannis. She said about the President that “as a German, to talk ...

Senate passes tax haven law initiated by SocDem Serban Nicolae

Wednesday, December 4, 2019

A draft law initiated by PSD senator Serban Nicolae on tax-exempt for some authorized economic activities, including gambling, on such plots of lands as islands and other land surface areas, including in the Danube Delta Biosphere Reservation, has been adopted by the Senate on Monday. The law, also dubbed as “the tax haven law” has been considered a dedication for the former PSD chairman Liviu Dragnea, as he would have been the owner of the ...

Government launches 'Sustainable Romania' project

Wednesday, December 4, 2019

The Government's Department for Sustainable Development launched on Tuesday, the project "Sustainable Romania - developing the strategic and institutional framework for the implementation of the National Strategy for the Sustainable Development of Romania 2030", which provides for the sustainable development indicators to be finalized by the end of next year."Today is the launch of this 5 million-euro project, 'Sustainable Romania', which has several components ...

Industrial production prices increase 2.3 pct in October

Wednesday, December 4, 2019

The industrial production prices (internal and external market) increased, in October, by 2.3 pct compared to the same month of the previous year, while month-over-month, October as compared to September 2019, they increased by 0.4 pct, reveals the data published, on Wednesday, by the National Institute for Statistics (INS).There is a 0.36 pct increase at the level of the prices of industrial production on the internal market in October over September, as well as ...

Eurostat: Bulgaria and Romania, the first in the EU to increase industrial production prices and in October

Wednesday, December 4, 2019

In October 2019, compared with September 2019, industrial producer prices rose by 0.1% in both euro area (EA19) and EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2019, prices increased by 0.1% in the euro area and remained stable in the EU28. In October 2019, compared with October 2018, industrial producer prices fell by 1.9% in the euro area and by 1.6% in the EU28. Monthly ...

Analysis: Romanian forests, a business of over 2.5 billion euros

Wednesday, December 4, 2019

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Business in the field of forest exploitation and wood processing will reach the highest level ever in 2019, while the over 6,000 firms activating in this sector will record business estimated at 2.5 billion euros , 100 million euros more than last year, an analysis made by the consulting company Frames shows. Recent statistics released by Greenpeace, estimate that Romania loses over 3 hectares of forest every hour. “In the ...

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