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MFP plans loans of over 5bn lei in June

Monday, June 1, 2020

The Ministry of Public Finance (MFP) planned, in June 2020, loans from commercial banks of 4.5 billion lei, of which 1.1 billion lei through two issues of treasury certificates with a discount and 3.4 billion lei through seven government bond issues, to which can be added the amount of 510 million lei through additional sessions of non-competitive offers, related to bond auctions.The amount will be used to refinance public debt and finance the state budget ...

Group Renault to suspend planned capacity increase projects in Romania and Morocco

Monday, June 1, 2020

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Group Renault announced on Friday it was suspending planned capacity increase projects in Romania and Morocco as part of a plan to reduce fixed costs globally. According to a press statement released by the French group, the objective of reducing fixed costs by more than 2 billion euros over 3 years aims to restore the group's competitiveness and ensure its long-term development."The difficulties encountered by the group, the major crisis facing the automotive ...

The number of building authorizations for residential buildings dropped by 11.4 per cent in Jan-April

Monday, June 1, 2020

The number of building authorizations for residential buildings dropped by 11.4 per cent in the first four months of the year, compared with the same period of 2019, showed data released on Friday by the National Institute of Statistics (INS).There have been issued 10,935 building authorization for residential buildings over January 1 - April 30, with the most significant drops recorded in the following development regions: Bucuresti-Ilfov (-452 building ...

President Iohannis announces lockdown-easing steps as of June 1

Friday, May 29, 2020

President Klaus Iohannis announced Thursday a set of relaxation measures that will come into effect as of June 1, such as the reopening of outdoor terraces, the resumption of international transport and out of locality trips without the requirement to fill out a bona fide declaration, the organization of outdoor shows and sports events.In a press statement delivered at the Cotroceni Presidential Palace at the end of a meeting on COVID-19 management measures, ...

PM Orban: amendment of state of alert decision to allow ease of lockdown in several sectors

Friday, May 29, 2020

Premier Ludovic Orban announced that the government will approve the modification of Annex 3 to the government decision on the state of alert in order to allow the ease of lockdown in several sectors beginning with June 1."The first important item on the meeting's agenda is the government decision amending the decision on the declaration of the state of alert, more precisely we will amend Annex 3 to allow relaxation in several areas of activity. Before the ...

GCS: Romania's coronavirus death toll rises by four to 1,235

Friday, May 29, 2020

Another four people infected with the novel coronavirus have died in Romania, taking the number of COVID-19 fatalities to 1,235, the Strategic Communication Group (GCS) announced on Thursday.The latest victims are two men and two women, ages between 45 and 71, from the counties of Brasov, Suceava, and Vrancea; they all had underlying medical conditions. A number of 197 new cases of people infected with the novel coronavirus have been ...

ForMin Aurescu to participate in EU top diplomats' video call on relations with China this Friday

Friday, May 29, 2020

Minister of Foreign Affairs Bogdan Aurescu will participate on Friday in the video conference meeting of the EU Foreign Ministers, with the EU - China relations and the impact of the COVID-19 pandemic in the Asia-Pacific region topping the agenda of the talks.According to a Foreign Ministry release, the EU top diplomats will have a strategic discussion in preparation of the EU - China Summit and in light of the EU27 - China leaders' meeting in Leipzig scheduled ...

After heated talks, CSM issues negative opinion regarding USR bill repealing SIIJ

Friday, May 29, 2020

The plenary meeting of the Superior Council of Magistracy (CSM) issued a negative opinion on Thursday regarding the bill lodged by the Save Romania Union (USR) repealing the Justice Crime Investigation Section (SIIJ), judicial sources said..According to the sources, ten CSM members voted in favour of keeping the SIIJ, eight for its dissolution, and Prosecutor General Gabriela Scutea annulled her vote.During the meeting, there have been heated ...

FinMin Citu: 10% pension increase, a scenario we took into account

Friday, May 29, 2020

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Pensions could grow just by 10% as of September and not by 40% as provided. “It is a scenario we took into account, we calculated the risks, as well as another scenario we will present the government and we will make a decision,” said finance minister Florin Citu on Thursday at Realitatea Plus.  “It is very unfair for all Romanians who are affected today by this crisis to speak only about pensions, regardless of what is happening ...

Romania has 85 billion euros of EU funds for 2021-2027 multiannual financial framework

Friday, May 29, 2020

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The amount Romania is going to receive additionally from the budget of the European Union is 31 billion euros, so that, at present, we have from the European funds 85 billion euros, an amount that we will have to think through very well in the long run, said on Thursday, the Minister of European Funds, Marcel Bolos."The amount we are going to receive additionally from the European Union budget is 31 billion euros. This means that, in addition to what we had under ...

Managers in Romania expect relative stability in construction, retail trade next three months

Friday, May 29, 2020

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Relative stability of activity in construction and retail trade Moderate decrease in the number of employees in construction, retail trade and services Price growth in retail trade Romanian managers estimate for the next three months a relative stability of activity in construction and retail trade, a moderate decrease in the ...

EY Study: Companies remain optimistic about foreign direct investment plans despite COVID-19 concerns

Friday, May 29, 2020

Investors will favor nations with strong COVID-19 stimulus packages France surpasses the United Kingdom, becoming for the first time the most attractive country in Europe for investment projects 65% of foreign direct investment projects announced in 2019 are on track to ...

Romania's Extreme Light Infrastructure - Nuclear Physics facility declared Installation of National Interest

Friday, May 29, 2020

Under a government decision approved on Wednesday, the Extreme Light Infrastructure - Nuclear Physics (ELI-NP) facility managed by Bucharest's "Horia Hulubei" National Research & Development Institute for Nuclear Physics and Engineering, an institute coordinated by the Ministry of Education and Research, was declared Installation of National Interest.The Ministry of Education and Research said in a release that the Decision on completing the list of special ...

PwC Romania Barometer: 65% of companies didn’t apply measures to reduce employee costs in the first two months of the state of emergency

Friday, May 29, 2020

Two thirds (65%) of the responding companies didn’t have to apply measures to reduce employee costs in the two months of the state of emergency, according to the HR Barometer conducted by PwC Romania in May. Cost-cutting companies have adopted a mix of measures applied differently depending on employees’ positions, in general targeting operational staff in areas most affected by the state of emergency. Thus, 11% have applied furloughs with ...

BestJobs: Half of Romanian employees with kids find it hard to work from home

Friday, May 29, 2020

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One out of two Romanian employees with kids find it hard to work from home, according to a survey made by the online recruiting website BestJobs. About 40% of employees say employers do not like when they ask for two free hours during program to handle their children. Therefore, two out of five respondents would like to be able to work from home but with a flexible program, in order to be able to take care of their little ones as long as daycare and ...

Number of terminated employment contracts reaches 429,585

Friday, May 29, 2020

A number of 429,585 employment contracts have been registered as terminated since the declaration of the state of emergency (March 16) until Thursday, according to the figures centralized by the Labor Inspectorate and published by the Ministry of Labor and Social Protection.The number of terminated employment contracts has been on the increase in each of the releases sent by the Ministry of Labor in the last two weeks. Of the 429,585 terminated employment ...

LabMin Alexandru: Romania has efficiently managed processing of requests for furlough and payments

Friday, May 29, 2020

Romania has efficiently managed the processing of requests for furlough and payments, compared to other European Union member states, said on Thursday, the Minister of Labor and Social Protection, Violeta Alexandru."In essence, by comparison with other EU member states in connection with which I have familiarized myself, in the context of wider consultations I have had recently with my counterparts, with the Ministers of Labor, I find that Romania has effectively ...

FITS - the largest online festival to be organised this year in Central and Eastern Europe, in Sibiu

Friday, May 29, 2020

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The International Theatre Festival in Sibiu (FITS) is the first large festival in Central and Eastern Europe to be organised online for ten days, over June 12-21, with 138 events representing 30 countries from five continents on the website of the festival - www.sibfest.ro, and on the Facebook and YouTube pages, the president of the festival, Constantin Chiriac, informed on Thursday."Online, we can have some of the greatest theatre directors of the world, who will ...

CSAT adopted the draft of the National Defense Strategy for the years 2020-2024

Thursday, May 28, 2020

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The draft of the National Defense Strategy for the years 2020-2024 is based on the "concept of a normal Romania", of a country that, "through strong democratic institutions, protects and defends all its citizens", said President Klaus Iohannis on Wednesday at the end of the meeting of the Supreme Council of National Defense (CSAT).In a press statement held at the Cotroceni presidential Palace, he specified that the main item on the agenda of the CSAT meeting was ...

PM Orban phone conversation with Chancellor Merkel

Thursday, May 28, 2020

Prime Minister Ludovic Orban had a phone conversation with German Chancellor Angela Merkel on Wednesday, with the discussions aimed, among others, at the situation of Romanian seasonal workers in Germany.According to a release of the Executive, the two heads of Government evoked, on this occasion, the special relations, of a strategic nature, between Romania and Germany, and agreed to continue the joint efforts for their additional strengthening, mainly on the ...

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