Loading page...

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



Juncker tries to block the replacement of Commissioner Cretu

Tuesday, July 2, 2019

Romania has requested the replacement of its Commissioner Corina Cretu, who was elected as MEP and has taken her seat. To avoid such a replacement, Commission President Jean-Claude Juncker has put forward a legislative proposal, EURACTIV has learned. As the Romania press reported, the government of Prime Minister Viorica D?ncil? has asked to replace Cretu, who has served as Commissioner for Regional Policy, with Ioan-Mircea Pa?cu, a politician from the ...

PSD-ALDE–Pro Romania common candidate for Presidency?

Tuesday, July 2, 2019

Senate President Calin Popescu-Tariceanu believes that the best solution for the presidential elections is a single candidate from PSD - ALDE - PRO Romania (the Social Democratic party, major at rule, the Alliance of Liberals and Democrats, minor at rule, ed.n.), a proposal announced by former social-democrat prime minister Victor Ponta (the Pro Romania leader)."With Mr Ponta we have assessed the options available to us for the presidential elections. I confirm ...

USR will decide on the candidate for president during the congress of  13th July

Tuesday, July 2, 2019

Save Romania Union (USR - opposition) representatives announced on Monday that they will decide in the congress of the party of 13th July on the candidate to be supported during the presidential elections. According to the regulations, four USR members signed in for the internal competition, among whom the chairman of the party Dan Barna. The four members USR who signed in for the competition for the election of the candidate for presidential ...

Opposition tables constitution revision draft

Tuesday, July 2, 2019

The parliamentary opposition parties on Monday lodged a constitution revision draft that transposes the outcome of a May 26 referendum on justice matters and fully complies with the National Pact on Romania's European Path initiated by President Klaus Iohannis, according to National Liberal Party (PNL) MP Raluca Turcan."This draft aims to make amnesty and pardon impossible; we are talking about collective as well as individual amnesty and pardon as currently ...

File on August 10 protests sent by Military Prosecutors to DIICOT

Tuesday, July 2, 2019

The Military Prosecutor's Offices Section sent to DIICOT (Directorate for Investigating Organised Crime and Terrorism) the file regarding the intervention of gendarmes in the August 10 2018 protests, inform DIICOT officials.Last week, DIICOT asked for the file in order to study it and see if there were such connections between the actions and facts that made the object of the criminal proceedings in the file at the military prosecutor's offices and the one at ...

Mugur Isarescu, Florin Georgescu and Leonard Badea, PSD proposals for the National Bank

Tuesday, July 2, 2019

Chairperson of the Social Democratic Party (PSD) Viorica Dancila announced on Monday that the party endorses Mugur Isarescu's candidacy for the governor office of the National Bank of Romania (BNR)."The governor is certainly important, too, but also the manner in which work has been carried out this time, depending on the share in Parliament of each political party. (...) We will have a very correct approach and this thing is reflected in the number of seats that ...

BNR foreign exchange reserves down to 32.569 billion euros in June

Tuesday, July 2, 2019


On 30 June 2019, the National Bank of Romania's (BNR) foreign exchange reserves stood at EUR 32,569 million, compared to EUR 32,834 million on 31 May 2019, according to a press release of the central bank on Monday .During the month, the following flows were recorded: EUR 1,025 million worth of inflows representing changes in credit institutions' foreign currency-denominated required reserves, inflows into the Ministry of Public Finance's accounts and the European ...

Vietnam and EU sign ‘milestone’ free trade agreement

Tuesday, July 2, 2019

The European Union and Vietnam on Sunday (30 June) signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a “milestone” by Brussels. The signing comes amid worldwide trade turmoil, with a dragging US-China row and Britain’s impending exit from the European Union casting a dark cloud over global growth, euractiv.com ...

MFP programmed in July loans for 4.21 million lei from banks, with almost 5% lower than in June

Tuesday, July 2, 2019

The ministry of public financies (MFP) has planned in July 2019 loans from the banks of 4.21 billin lei out of which 300 million lei through an issue of treasury bonds with discount and 3.4 billion lei through the new issues of state bonds, plus the sum of 510 million lei through supplementary sessions of non-competitive offers, belonging to bonds bids.Against June, the loans programmed by MFP in July are lower with 215 million lei, namely 4.86%. The sums will be ...

The North-East region will have a growth of GDP over the advance known at the level of the whole economy

Tuesday, July 2, 2019


The North-East region will have a growth of the GDP over the economic advance over the whole economy both this year and in the following three years, while the Bucuresti-Ilfov region will have the lowest rates of growth in the same period, according to the prognosis in territorial profile published by the National Commission for strategy and prognosis.Thus, at the level of the country, the GDP is estimated to grow with 5.5 in 2019, 5.7% in 2020 and 5% in 2021 and ...

Unemployment rate down to 3.9pct in May

Tuesday, July 2, 2019

The seasonally adjusted unemployment rate dropped to 3.9pct in May 2019, down by 0.1 percentage point from the previous month (4pct), according to the National Institute of Statistics (INS) data published on Monday.The number of unemployed (aged 15-74) estimated for May 2019 was 351,000, down from the previous month (354,000 persons) and from the same month of the previous year (390,000 people).By gender, men's unemployment rate exceeded by 0.9 ...

Official statistics: Social protection expenditures up 10.2 pct in 2017, GDP share down 14.4 pct

Tuesday, July 2, 2019

Social protection expenditures increased by 10.2 percent in 2017 compared to the previous year, reaching 123.181 billion lei, but the Gross Domestic Product (GDP) share of this spending category decreased by 0.3 percentage points, to 14.4 percent, according to data from the National Institute of Statistics published on Monday.Expenditures on social benefits (excluding administrative and other expenses) accounted for 14.1 percent of GDP, also decreasing by 0.3 ...

Iohannis: I want to remain President of Romania, not European Council

Monday, July 1, 2019


President Klaus Iohannis stated, on Saturday, that he wishes to remain President of Romania and not become President of the European Council."I am the President of Romania and I want to remain President of Romania, not of the European Council. (...) There are many things to be done and I am willing to remain involved," Iohannis stated, at the ceremony awarding him the Honor Medal of the Democratic Forum of Germans in Romania. His statement ...

Romanian presidency of the EU Council concludes: what have Romanians gotten out of it?

Monday, July 1, 2019

Romanian PM Viorica Dancila and her ministers, who have run the Council of the European Council, have boasted with the "successful presidency" Romania has held for the past six months. President Iohannis, who opposes Dancila, also claimed "success" for the Romanian Presidency of the EU Council. But what did the average Romanian receive, did he taste this success?According to hotnews.ro, the government boasted with over 90 European cases concluded during Romania's ...

Congress to validate PSD candidate for presidential elections, until 11 August

Monday, July 1, 2019

PSD ( social-democratic party -at rule) acting head Viorica Dancila said on Friday that presidential elections are a priority for the social-democrats, adding that polls will be made for all the social-democrats who will want to participate in the presidential election, and the one chosen will be validated at a congress that will take place either at the end of July or early August."Presidential elections are a priority for us. If in the European parliamentary ...

PSD Congress elected Viorica Dancila - PSD chair; Eugen Teodorovici - executive chair; Mihai Fifor - secretary general

Monday, July 1, 2019


Prime Minister Viorica Dancila was elected, on Saturday, chair of the Social Democrat Party (PSD), Eugen Teodorovici was elected executive chair and Mihai Fifor was elected secretary general.Viorica Dancila garnered 2828 votes, Liviu Plesoianu - 715 votes, Serban Nicolae 375 votes and Ecaterina Andronescu - 50 votes. 22 votes were annulled.Finance Minister Eugen Teodorovici was elected PSD executive chair, gaining 2463 votes. His competitors received: ...

Ioan Mircea Pascu, backed by PSD for acting European Commissioner for Regional Policies

Monday, July 1, 2019

Former Member of the European Parliament Ioan Mircea Pascu is backed for the position of acting European Commissioner, on Friday said the Prime Minister Viorica Dancila at the end of the PSD (Social Democratic Party, main ruling) National Executive Committee's sitting."I believed he is a person with experience," the PSD leader explained, adding that currently the position of commissioner for regional policies is vacant."It is an important portfolio and ...

Eugen Teodorovici, interim Vice-Premier

Monday, July 1, 2019

Prime Minister Viorica Dancila announced that the PSD Executive Committee has decided on Friday to propose Eugen Teodorovici as interim Vice-Premier, to ...

USR has become member of ALDE Europe

Monday, July 1, 2019


Uniunea Salvati Romania – USR (opposition) has become on Friday member of the party ALDE Europe, the decision being taken through vote unanimously. The leader of the party Dan Barna and the senaor Radu Mihail were present at the ALDE council which took place in Zurich Switzerland. Before the vote of the ALDE members, the USR chairman had a speech where he spoke to the European liberals about the USR road from setting up to the present, informed ...

IMAS Survey: PNL would win general elections

Monday, July 1, 2019

An IMAS survey conducted on June, upon the request of the Save Romania Union (USR - opposition), the Liberals (PNL- opposition) would get in general elections about the same votes as in the recent EP election on May 26. The survey released on Saturday reads that PSD ( social-democrat -ruling party) would fall below 20%, down to 18.9%, whereas USR would be voted by 17.6% of the electorate. PLUS, led by former Prime Minister ...

Premium News


Monday, July 15, 2019

Financial & Banking

Monday, July 15, 2019


Tuesday, July 9, 2019


Wednesday, July 10, 2019

Energy & Environment

Thursday, July 11, 2019