Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS



Romania's rate of disabled persons was 3.76 pct as of end-June

Wednesday, December 4, 2019

There were 833,131 persons with disabilities registered in Romania as of end-June, of whom 97.88 percent (815,463) are in family care and / or live independently (not institutionalized), while 2.12 percent (17,668) live in residential social assistance public institutions for adults with disabilities (institutionalized), according to data provided by the National Authority for Disabled Persons (ANPD).As of end-June, women accounted for 53.07 percent of the total ...

Romania: PISA assessment tests for 2018 were worst than în 2017

Wednesday, December 4, 2019

Minister of Education and Research Monica Anisie said on Tuesday in relation to the results of the Programme for International Student Assessment (PISA) tests that introducing a reading class could be an option for pupils to learn how to analyse a text."We must find solutions to teach children how to decipher and analyse a text at the language and communication classes, be it in Romanian or a foreign language. Because simply reading the text is not enough. This is ...

Employee Happiness Survey: 21% of the Romanian employees are very happy at their workplace

Wednesday, December 4, 2019

21% of the Romanian employees are very happy at their workplace, reveals a survey, “The Employee Happiness Survey” conducted by Mindspace on 5,000 employees in 7 countries. 61% of the Romanian respondents said they are happy at the office most of the time. The Romanian employees with the highest happiness score at the office are working in creative arts and media industries, but also in the banking sector. 16% of the ...

Bucharest lost 14 positions în the Innovative Cities 2019 ranking

Wednesday, December 4, 2019


Bucharest went down 14 positions to the 171st place of the Innovative Cities 2019 ranking compiled by Melbourne-based innovation agency 2thinknow. Meanwhile, Timisoara ...

Calea Victoriei in top 50 most expensive shopping streets in the world

Wednesday, December 4, 2019

Calea Victoriei boulevard in downtown Bucharest ranks 49th in the Cushman & Wakefield’s Main Streets Across The World report, which tracks rents for 448 locations across 68 markets. The rents for street spaces are higher in Belgrade, Kiev or Sofia than in Bucharest, but lower values are recorded in Riga, Vilnius or Skopje. The report ranks locations by their prime rental value using Cushman & Wakefield’s proprietary ...

PSD announces lodging of motion called 'PNL Governance, your name is austerity'

Tuesday, December 3, 2019

Social Democrat senator Eugen Teodorovici has announced in the plenary meeting on Monday the lodging of the simple motion called "National Liberal Party (PNL) Governance, you name is austerity.""The parliamentary group of the PSD [the Social Democratic Party] in the Senate lodges the simple motion called 'PNL Governance, your name is austerity'," Teodorovici stated. In this context, Senate President Teodor Melescanu proposed to schedule the debate ...

Former Prime Minister, MEP Mihai Tudose resigns from Pro Romania

Tuesday, December 3, 2019

Former Social Democrat Prime Minister, MEP Mihai Tudose resigned from the Pro Romania party, posting on Facebook his resignation application addressed to the formation's Braila organization.''Just that. For now .....,'' commented Tudose. ''Please take note of my resignation as a member of Pro Romania. As the reasons for this act, specifically the total disagreement with the decisions of the central leadership are widely known, I don't go into further details,'' ...

Gov't to take responsibility for repealing compensatory appeal bill, if Parliament fails to votes on bill

Tuesday, December 3, 2019

Prime Minister Ludovic Orban, national chairman of the National Liberal Party (PNL), said on Monday that if Parliament does not vote on the PNL legislative initiative repealing the compensatory appeal, the provision will be included in a bill the government will pass by taking responsibility for it.At the end of a meeting of the PNL Political Bureau, Orban announced the decision regarding the commitment of the Government's responsibility on two important issues - ...

JusMin Predoiu to brief ECHR on current situation in Romania

Tuesday, December 3, 2019

Romanian Justice Minister Catalin Predoiu said on Monday that he would be traveling soon to the European Court of Human Rights (ECHR), to meet with the ECHR president and explain the situation in Romania regarding increased criminality, to talk about improving the conditions in the penitentiaries and other plans of the Romanian Government related to the judiciary."It remains to see what the agenda of the president of the ECHR is; today I will get in touch with ...

FinMin Citu: Each ministry will carry out an audit to check if the government apparatus is oversized

Tuesday, December 3, 2019

Each ministry will carry out an audit next week to check if their current apparatus is oversized or not and to assess the work of every employee, Florin Citu, Minister of Public Finances stated on Saturday. He specified the Prime Minister was the one that asked for the audits and, based on them, he will make a decision whether to reduce the personnel at the ministries or not. "We will have this reorganisation soon," added the official.He reiterated the fact that ...

2020 budget to be passed by year end

Tuesday, December 3, 2019


Romania’s state budget bill for the year 2020 will be passed by the lawmakers by December 31, deputy prime minister Raluca Turcan said in Botosani on Friday, November 29. "We are preparing the budget for next year so that we stand by our commitments. The construction of highways is a priority,” Turcan said, quoted by local ...

Gov't promises to get money for higher pensions

Tuesday, December 3, 2019

Government’s spokesman Ionel Danca outlined a list of measures supposed to bring more money to the state budget in order to pay the higher pensions next year and further increase pensions by 40% in September ...

Fiscal Council: the budgetary consolidation is not possible if the present calendar for the implementation of the new  pensions law is kept

Tuesday, December 3, 2019

The budgetary consolidation cannot be made if the present calendar for the implementation of the new pension law is kept and the present coordinates of the fiscal-budgetary policy as the budgetary rectification draft aims at the major revision of the budgetary deficit from 2.76% to 4.3% of GDP, announced the Fiscal Council (CF). The Fiscal Council sent an opinion with regard to the draft of the second rectification of the general consolidated budget ...

BNR's forex reserves decrease to 33.817bn euro, in November

Tuesday, December 3, 2019


The foreign exchange reserves of the National Bank of Romania (BNR) decreased by 3.12pct, to 33.817 billion euro, at the end of November, from 34.908 billion euro on October 31, 2019, according to BNR data.During that month there were inflows worth 1.891 billion euro, outflows of 2.982 billion euro, and the level of the gold reserve remained at 103.6 tonnes. According to international price developments, its value stood at 4.411 billion euro.Romania's ...

BNR: Overdue RON-denominated loans, down 4.47%; forex-denominated, down 4.7% in Oct. 2019

Tuesday, December 3, 2019

The total value of outstanding individual and corporate RON-denominated loans amounted to 4.85 billion lei in October 2019, down 4.47% from September 2019, while overdue forex-denominated loans decreased 4.7%, to 2.32 billion lei equivalent, according to data with the National Bank of Romania (BNR).In October, total RON-denominated loans reached 179.578 billion lei (0.9% over the previous month), of which 68.606 billion lei were taken out by business operators and ...

Top 30 companies with Romanian shareholding to reach 180 billion lei in total business turnover in 2019

Tuesday, December 3, 2019

The top 30 companies with Romanian shareholding will exceed among them 180 billion lei in business turnover, double the figures of one decade ago, according to estimates of Frames Media Network Romania published in a specialist analysis.In 2018 the aggregate business turnover of the top 30 companies that had local shareholders reached 164.1 billion lei, as against 92 billion lei in 2010. At the same time, their profitability followed a similar rising trend, from ...

Study: more than half of the companies want to increase the number of employees on average by 11% next year

Tuesday, December 3, 2019


Over half of the companies in Romania (54%) intend that, in 2020 to increase the number of employees by 11% on average, according to the Barometre of HR made by PwC Romania which shows that the biggest demand for new employees is in the sector IT&C, followed by industry, auto and retail. ‘Thus, 91% of the companies in IT&C intend to increase the number of employees on average by 20% next year. In industry and auto, 71% of the companies ...

Study: over 53% of the employees consider that the companies where they work do not care at all or care very little about their mental and emotional state

Tuesday, December 3, 2019

More than 53% of the employees in Romania consider that the companies where they work do  not care at all or care very little about their mental and emotional state, and 7 out of 10 employees complain that their managers do not offer support and constructive feedback according to a study made in November by the market research company 4Service Group Romania. The study is about the emotional issues and the mental state of the employees at work and ...

More than a quarter of the Romanian children spend over 6 hours online, on a school day

Tuesday, December 3, 2019


More than a quarter of the children of Romania (27%) state that, on a school day, spend over six hours online or they check the smart device periodically, the mobile phone being by far the most used terminal (in 96.1% of the cases), the study made by ‘Salvati Copiii’ organization .The centralized data in the research show that, at the top of the terminals used by children to surf the net are the laptop with 46.6% of the total of interviewees, desktop ...

Statistics: 2.1pct drop in the number of building authorizations for residential buildings, in Jan-Oct

Tuesday, December 3, 2019

In October 2019, 3736 construction permits were released for residential buildings, a 3.3% decrease compared to September 2019 and a 0.8% rise compared to October 2018. In the 1.I-31.X.2019 period, 35936 construction permits were released for residential buildings, 2.1% less than in the same period of the previous year. The number of building authorizations for residential ...

Premium News


Wednesday, December 11, 2019

Financial & Banking

Monday, December 9, 2019


Tuesday, December 10, 2019


Wednesday, December 11, 2019

Energy & Environment

Thursday, December 5, 2019