Loading page...

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

Subscribe|Login

Daily

European Commission: 31 new cases of unfulfilled duty cases opened against Romania

Friday, July 5, 2019

The European Commission announced that the report on the application of law in EU in 2018 brings out new cases of not fulfilling obligations opened against Romania, five of them being about environment policy. In 2018 the Commission launched 644 infringement cases with highest number in Internal market, industry, entrepreneurship and SMEs (101), Mobility and Transport (97) and Environment (73). At the end of 2018, 1571 infringement procedures remained ...

Romanian MEPs voted in EP committees

Friday, July 5, 2019

Traian Basescu (PMP) and Claudiu Manda (PSD) will work in the European ...

Minister of Justice announces that GRECO report will be published on July 9

Friday, July 5, 2019

190705103140Greco_logo.jpg

Ana Birchall, the minister of justice, officially informed GRECO that the government had authorised the publication of the two reports about Romania on July 9, on the ministry and GRECO websites. The reports will be published at the same time in Romanian and English, on www.just.ro and www.coe.int/greco. The government approved on Wednesday the publication ...

PG sends Senate request from DNA to lift immunity of former Minister Florian Bodog to Senate

Friday, July 5, 2019

Interim prosecutor general Bogdan Licu sent the DNA (National Anti-corruption Directorate) request to lift immunity of the former Minister of Health, Florian Bodog, for allegedly committing abuse of office and forgery, in a file related to how he hired a personal adviser during his mandate.DNA on Thursday have announced that they "are carrying out an investigation into suspicions of corruption crimes having been committed in the context in which a member of the ...

BNR keeps monetary policy rate at 2.50%

Friday, July 5, 2019

In its meeting of 4 July 2019, the Board of the National Bank of Romania (BNR) decided to keep the monetary policy rate at 2.50 percent per annum, to leave unchanged the deposit facility rate at 1.50 percent per ...

June inflation could drop below 4pct in Romania

Friday, July 5, 2019

190705103245inflation_word_cloud_concept_on_450w_600744545.jpg

June 2019 inflation in Romania may fall below 4pct, according to market data with the National Bank of Romania (BNR), BNR Governor Mugur Isarescu said on Thursday at a news conference."There will be no rampaging inflation in Romania, because we are here too. This statement is more than a commitment, it is to underscore that Romania has a central bank, but in a tumultuous environment talks can slip to such direction. But once again, the central bank is doing its ...

Budget revision on July 31, after analysis of expenditures

Friday, July 5, 2019

A budget revision is scheduled for July 31, and before that Finance Minister Eugen Teodorovici has to come up with an analysis of the measures he will take so that by the end of the year the government deficit will not exceed 3pct, political sources said on Thursday.The date for the budget revision was set on Wednesday at a meeting of the National Executive Committee (CExN) of the majority Social Democratic Party (PSD)."The CExN established that before ...

PSD ruling party planning to force adult descendants to pay “support pensions” to their parents or face prison time

Friday, July 5, 2019

A draft legislative project submitted by more than 70 social – democrat MPs (PSD-ruling party) to the Romanian Parliament says that adult children will be required to provide financial resources to their parents, grandparents or even great-grandparents who are in need, in the form of a “support pension” of an amount set on a case-by-case basis, and that those who do not fulfill this obligation could face either fines or up to 3 years in ...

Damen about Defense Ministry announcement on the corvette purchase

Friday, July 5, 2019

Damen follows with great interest and preoccupation the Defense Ministry announcement about granting multifunctional corvette when many questions have to be cleared, a company press release shows. The company says it is ready to remain a partner for Romania and considers its offer is the best solution for Romanian naval needs : it includes systems from the US that are operational at NATO level, bringing together the best industrial defense companies in ...

Eurostat: Romania - 5th place in EU in terms of rise in retail trade, in May

Friday, July 5, 2019

 Luxembourg, Ireland, Slovenia, Portugal and Romania recorded in May the most significant advance in the European Union retail trade compared to the similar period in 2018, according to data released on Thursday by the European Statistics Office (Eurostat).Retail trade rose by 1.3pct year-on-year in the Eurozone and in the European Union. The retail trade in the EU 28 was influenced by the fact that non-food sales increased by 2.5pct, food, beverages and ...

Romania's employment rate for recent tertiary graduates above EU average

Friday, July 5, 2019

The employment rate for EU graduates aged 20 - 34 who had attained a tertiary level education within the previous three years was 85.5 percent in 2018, 0.6 percentage points above the 2017 rate. With a rate of 88.9 pct, Romania stands above the European average, shows data released on Thursday by the European Statistical Office (Eurostat).The EU member states with the highest employment rates for recent tertiary graduates in 2018 are Malta (96.7 pct), the ...

Retail trade turnover, up 7.2 pct in first five months

Friday, July 5, 2019

190705103356consult_financial_concept_business_man_450w_695518408.jpg

Compared to the previous month, in May 2019 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 0.7% and decreased as adjusted series according to the number of working days and to seasonality by 0.8%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased ...

President Klaus Iohannis: Romania supports solid and efficient European institutions

Thursday, July 4, 2019

190704090328original_cosiliul_europea_02_07_2019_7.jpg

President Klaus Iohannis, at the extraordinary meeting of the European Council in Brussels, advocated reaching an acceptable compromise for all member states with regard to the nominations of the EU institutions leaders that would ensure the stability and efficiency of the European institutions for the next institutional cycle, informs the Presidential Administration.The head of state said in Brussels that Romania supports solid and efficient European ...

CCR finds legal conflict between Parliment and ICCJ on specialized panels

Thursday, July 4, 2019

Romania's Constitutional Court on Wednesday established that Parliament and the High Court of Cassation and Justice (ICCJ) are involved in a legal conflict related to the panels specialized on corruption, CCR officials said.The same sources said the cases without a final decision until January 1 2019 will be retrialed by the five-judge panels of the ICCJ. The decision was made by 5 votes for and 4 votes against, out the 9 CCR ...

The law on the diaspora vote passed by Parliament

Thursday, July 4, 2019

The Chamber of Deputies has voted on Wednesday the draft bill on the Diaspora vote for the presidential election, extending it to three days. The law also provides for the vote in Romania and the Diaspora to be extended until ...

Kovesi’s chances are increasing to become European Chief Prosecutor

Thursday, July 4, 2019

The Vice-President of the EPP group in the European Parliament, Siegfried Muresan, has said that Laura ...

ForMin Melescanu met ambassadors of members states of the Lima Group to discuss recent developments in Venezuela

Thursday, July 4, 2019

Minister of Foreign Affairs Teodor Melescanu on Wednesday had a meeting with the heads of diplomatic missions of members states of the Lima Group in Romania, on which occasion they discussed about the most recent developments in Venezuela, informs a press release of the Ministry of Foreign Affairs (MAE).Participating in the meeting were also the ambassadors of Argentine, Brazil and the Republic of Peru, and the ad interim charge d'affairs of the Republic of Chile, ...

MApN to start procedure for the acquisition agreements for five F-16 aircraft

Thursday, July 4, 2019

190704090515F_16_jet_fighter.jpg

Minister of National Defence Gabriel Les on Wednesday announced that Parliament approved the initiation by the Ministry of National Defence (MApN) of the award procedure for the acquisition agreements for five F-16 aircraft."The acquisition of the five F-16 aircraft yesterday, as Parliament approved the initiation by the Ministry of National Defence of the award procedure for the acquisition of the five planes from the Government of the Republic of Portugal and ...

Parliament appointed the members to the new BNR board of directors

Thursday, July 4, 2019

In a joint meeting on Wednesday, the Chamber of Deputies and the Senate appointed members to the Board of Directors of the National Bank of Romania (BNR).On Tuesday, Governor of the National Bank of Romania Mugur Isarescu was unanimously endorsed by vote for a new term of office at the BNR's helm by the budget and finance committees of the Chamber of Deputies and the Senate.Also unanimously voted in office were the members recommended for a place on ...

FinMin Teodorovici wants to propose restructuring along with the budget rectification

Thursday, July 4, 2019

Finance Minister Eugen Teodorovici says ...

Premium News

Daily

Monday, July 15, 2019

Financial & Banking

Monday, July 15, 2019

Economic

Tuesday, July 9, 2019

Companies

Wednesday, July 10, 2019

Energy & Environment

Thursday, July 11, 2019