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Commissioner McGrath: EC's 2025 Rule of Law Report will tackle cancellation of Romania's presidential election
Wednesday, January 29, 2025
In the preparation of its 2025 Rule of Law Report, the European Commission will take into account the issue of the cancellation of the Romanian presidential election, European Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection Michael McGrath said on Tuesday at a press conference at the end of the General Affairs Council (GAC) meeting.The participants in the GAC meeting discussed the European Commission's 2024 Rule of ...
Justice minister Radu Marinescu, head of Cybercrime Division Alexander Seger discuss ways to combat cybercrime
Wednesday, January 29, 2025
Justice Minister Radu Marinescu met on Tuesday with the head of the Cybercrime Division at the Council of Europe, Alexander Seger, to discuss important issues concerning ways and procedures to combat cybercrime.According to a press release from the Ministry of Justice, the official meeting took place at the Ministry of Justice headquarters, in the context of ongoing concerns related to strengthening judicial cooperation in the fight against cybercrime, as ...
Executive could approve the draft state budget law by Friday at the latest
Wednesday, January 29, 2025
Government spokesman Mihai Constantin announced on Tuesday that the Executive could approve the draft state budget law by Friday at the latest."The Prime Minister announced in today's government meeting that the week will not end without another Executive meeting, specifically to approve the draft budget law. This means that, at the latest by Friday, we could have the project approved by the Government, and it will then go to Parliament," Constantin stated ...
Gov't: Romania to ask for 800M euros from EC for projects related to 2014-2020 programming period
Wednesday, January 29, 2025
Romania will request approximately 800 million euros from the European Commission this year, as a European contribution, for projects related to the 2014-2020 programming period, according to a memorandum adopted by the Government on Tuesday.The executive informs in a press release that the memorandum aims to approve the forecasts for 2025 regarding the EU contribution related to the 2014-2020 financial programming period."Romania will request ...
Social Monitor: Romanians among Europeans most dissatisfied with their lives
Wednesday, January 29, 2025
The Romanian citizens are among the Europeans most dissatisfied with their lives, even in comparison with East Europeans, according todata of 101 Eurobarometer of 2024, included in a Social Monitor infograph, a project of Friedrich Ebert Romania Foundation. “Only 62% if Romanians declared fully satisfied with their lives in 2024, while 38% were fully dissatisfied, the highest rate in EU. In ...
POLITICO: Greek court orders extradition of Israeli billionaire on Romanian corruption charges
Wednesday, January 29, 2025
*Beny Steinmetz was convicted of participating in a scheme to take ownership of land once owned by Romanian monarchs, https://www.politico.eu/ informs. A Greek court on Tuesday ruled that Israeli mining billionaire Beny Steinmetz be extradited to Romania, according to Greek authorities and his ...
Relative stability in manufacturing industry and services, retail prices expected to grow
Wednesday, January 29, 2025
The manufacturing industry and services are expected to experience relatively stable economic activity and employment levels during the period from January to March 2025, while retail trade is anticipated to see a sharp increase in prices, according to data released by the National Institute of Statistics (INS) on Monday.In the January business survey, managers in the manufacturing industry forecast relative stability in production volume for the next three ...
PresidentialElection/Venice Commission: Annulment of any election should only be allowed in exceptional circumstances
Tuesday, January 28, 2025
The Council of Europe's Venice Commission has published Monday a report on the issue of annulment of the presidential election in Romania by the Constitutional Court, in which it says, among other things, that the annulment can only be allowed in exceptional circumstances.The report regarding the conditions and legal standards whereby a constitutional court could invalidate elections responds to a request last month from Theodoros Rousopoulos, ...
KPMG in Romania publishes report on the defense sector
Tuesday, January 28, 2025
In the present times of geopolitical tension, attention in NATO countries has naturally focused on the state of the armed forces, and their preparedness to face a potential aggressor. There is a growing debate about the level of public spending which should be directed towards defense. In Romania, as a country bordering Ukraine, the importance of the armed services in defending our country is especially ...
Parliament speaker and president: Holocaust, one of most tragic and darkest episodes in human history
Tuesday, January 28, 2025
The Holocaust was one of the most tragic and darkest episodes in the history of humanity, Chamber of Deputies speaker Ciprian Serban and Senate president Ilie Bolojan, said on Monday at the ceremony dedicated to the International Holocaust Remembrance Day organized at the Bucharest Choral Temple."Today, we are together to pay homage to those who were victims of the Holocaust and the anti-Jewish Bucharest Pogrom of 1941 carried out by the Iron Guard. The duty ...
Remarks by U.S. Ambassador Kathleen Kavalec at Holocaust Remembrance Ceremony
Tuesday, January 28, 2025
Coral Temple, Bucharest January 27, 2025 Good morning, President Vexler, Prime Minister Ciolacu, Speaker of the Chamber of Deputies Serban, Ambassador Ben ...
Dialogue between Romanian and Dutch foreign affairs ministers: Artifacts must be recovered
Tuesday, January 28, 2025
Foreign affairs minister Emil Hurezeanu had talks with his Dutch counterpart, Caspar Veldkamp, on Monday on the theft of the Dacian treasure items from the Drents Museum in Assen, Netherlands."The Romanian foreign affairs minister insisted on the importance of the stolen artifacts being recovered and emphasized their significance in Romanian culture. The two ministers have agreed to cooperate very closely at the operational and diplomatic level," the ...
EPPO:Romania: 14 indicted for €1.6 million fraud involving employment funds
Tuesday, January 28, 2025
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) has filed an indictment at the Iasi Tribunal against 10 Romanian citizens and four companies, suspected of perpetrating a €1.6 million fraud involving EU and national funds designated to promote employment, ...
FinMin Tanczos: Romania needs to narrow gov't deficit as S&P changed its outlook on Romania
Tuesday, January 28, 2025
S&P Global Ratings has not changed the country's rating, as Romania is still recommended to investors, but it has given us a very clear signal by changing its outlook on Romania from stable to negative, that we need measures to narrow the national government deficit, a balanced budget and a leaner state, Finance Minister Tanczos Barna said on Friday."The change in outlook from stable to negative is a very clear signal sent by the S&P rating agency: ...
Deposits of non-government resident customers rise 2.9pct in December
Tuesday, January 28, 2025
Deposits of non-government resident customers rose by 2.9 percent month on month to RON 632,591.5 million, while the annual growth rate was 10.5 percent (5.1 percent in real terms), the National Bank of Romania (BNR) informs in a press release.RON-denominated deposits of residents, representing 70.2 percent of deposits of non government customers, picked up by 1.9 percent to RON 443,956.9 million month on month. In year-on-year comparison, they advanced 10.8 ...
Loans to non-government sector increase 0.8 percent in December 2024
Tuesday, January 28, 2025
At end-December 2024, loans to non-government sector granted by credit institutions increased 0.8 percent (0.5 percent in real terms) from November 2024 to RON 421,475.7 million, according to the data the National Bank of Romania (BNR) released on Monday.RON-denominated loans, representing 70.1 percent of total volume of loans to non-government sector, grew by 0.6 percent, whilst foreign currency-denominated loans, holding 29.9 percent of ...
JPMorgan: Romania at High Risk of Capital Flow “Sudden Stop”
Tuesday, January 28, 2025
Emerging markets could witness a feared “sudden stop” in capital flows as President Donald Trump’s “America First” policies stimulate the US economy and siphon money from poorer countries, investment bank JPMorgan warned on Thursday, listing Romania, along with three other states, among the countries most at risk, Reuters reports. Analysts fear sudden stops in capital flows as they deprive ...
PwC poll on the effects of removing tax relief for employees in IT, construction and agriculture
Tuesday, January 28, 2025
Only one in ten employers plan to adjust gross pay in the context of the elimination of tax relief for employees in IT, construction and agriculture and expect lower employee motivation and higher staff turnover, according to a survey conducted by PwC Romania, between 14-20 January. ‘Only one in ten employers intend to adjust the gross salary in the context of elimination of tax relief for IT, ...
Construction production in Romania estimated to increase by 5pct in 2025
Tuesday, January 28, 2025
Construction production in Romania is expected to increase by 5% in 2025, after a decrease by 3.5% estimated for 2024, according to the 2024-2028 Forecasts, autumn version, of the National Board on Business Strategy and Forecasts.New construction works would increase by 5.8%, capital repairs by 1.9% and current maintenance and repair works by 4.3%.Building production is expected to decrease, according to the forecast, by 1.7% (residential ...
NATO Secretary General meets the Minister of Foreign Affairs of Romania
Monday, January 27, 2025
O n Tuesday, 28 January 2025, the NATO Secretary General, Mr Mark Rutte, will meet the Minister for Foreign Affairs of Romania, Mr Emil Hora?iu Hurezeanu, at NATO Headquarters, in Brussels, NATO Press Office ...