Loading page...

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



Hans Klemm, US Ambassador to Bucharest ends mandate in Romania

Friday, November 29, 2019

Hans Klemm, the US ambassador to Bucharest will be received by foreign minister Bogdan Aurescu on Friday, for a farewell visit. On September 21, 2015, Hans Klemm became ambassador to Romania. Previously he was general director in the State Department,   main US representative to Asia Pacific Economic Cooperation Forum, coordinator of all civilian and military programs in the field of rule of law carried out by the US in Afghanistan, US ambassador ...

PM Orban: Gov't to find the best solution to have compensatory appeal provisions reversed

Friday, November 29, 2019

The government will find the best solution to have the provisions regarding the compensatory appeal reversed, Prime Minister Ludovic Orban said on Thursday."I've seen the statements made by our colleague, [Justice Minister Predoiu], cited in the media, and I would like to dispel all doubts about the National Liberal Party's governing program on the judiciary and the compensatory appeal. The specific goals include the revision of the law on the conditional release, ...

JusMin Predoiu voices dissatisfaction over justice crime prosecution body's activity

Friday, November 29, 2019

Justice Minister Catalin Predoiu said on Thursday that he was not satisfied with the activity of the Justice Crime Investigation Section (SIIJ). "I am not satisfied with the activity of this body and that is why we will approach it next year as a priority," Predoiu said at the Justice Ministry. He added that he did not want to "interact" with the SIIJ in order not to leave the impression of pressure."I have not interacted with the SIIJ for the moment because I do ...

Three Seas Initiative member states requiring almost 600 bln euros in infrastructure modernization investments

Friday, November 29, 2019


The investment needs for the modernization of the transport, energy and digital infrastructure in the 12 countries of the Three Seas Initiative (3SI) amount to almost 600 billion euros, while the EU budget for this type of investments in the region is 42 billion euros for the period 2021 - 2027, said Pawel Nierada, member of the Three Seas Initiative Investment Fund Oversight Council on behalf of the Polish bank BGK, citing a survey by consulting company ...

Official Danca:We have an economic forecast for 2019-end and 2020 much more cautious, realistic

Friday, November 29, 2019

The Government has an economic forecast "much more cautious" and "more realistic" for the end of 2019 and for 2020, chief of the Prime Minister's Chancellery Ionel Danca argued after the National Commission for Strategy and Prognosis (CNSP) has revised downwards the estimations regarding the economic growth on 2019. "The official forecast of the Government is starting to be realistic after the legendary historic accidents in which the chief of the National ...

Isarescu: I think government approach is correct: we must see exact budget situation

Friday, November 29, 2019

The government approach is a correct one, because we must see first the exact situation of the budget, BNR governor Mugur Isarescu declared on Thursday at the annual conference of the Association of Financial-Banking Analysts of Romania. The governor explained we must end talks about the exchange rate, because any depreciation of the rate “is not good.” He declared that another topic that should be approached  is that of increasing ...

Valentin Lazea (BNR): no alternative to deferring planned pension hike

Friday, November 29, 2019

The budget revenues can increase by 1.2%-1.3% of GDP as a result of feasible corrective actions the new Government of PM Ludovic Orban could implement immediately - which might be enough to offset the effects of the pension hike already operated in September 2019 but is far from enough for covering the massive 40% hike scheduled for September 2020, according to Valentin Lazea, chief economist of Romania’s National Bank (BNR). Including the ...

Fiscal Council: Below-3pct deficit only possible with public spending cuts, leaner public sector

Friday, November 29, 2019


Without a falling trend in public spending and without a leaner public sector keeping the government deficit below 3pct will not be possible, Bogdan-Octavian Cozmanca, deputy chair of the Fiscal Council, warned on Thursday at a specialist seminar."Cutting spending in the implementation of the state budget has been used as an adjustment mechanism to compensate for the inefficiency in collecting the revenues and/or systematic over-budgeting. Basically, without a ...

Business environment requests intensifying dialogue with Gov't

Friday, November 29, 2019

The business environment of Romania requests the Government resume dialogue in regards to decisions with economic and social impact, showing that, although investors and authorities should collaborate to increase the welfare of citizens, this dialogue has been lacking in the past years, stated, on Thursday, the representatives of the Coalition for Romania's Development (CDR), in a press conference.They presented the measures the investors are proposing to the ...


Friday, November 29, 2019

Relative stability of activity in manufacturing and retail trade ? Relative stability in the number of employees in manufacturing and services Moderate price growth in manufacturing and construction Manufacturing According to the business tendency survey of November 2019, managers from the manufacturing industry forecast a ...

PwC Paying Taxes Report: Romania went up to 32nd world position, before Czech Republic, Slovakia and Hungary

Friday, November 29, 2019


 Romania went up this year to the 32nd position in the world PwC Paying Taxes 2020 top, part of Doing Business Report of the World Bank, which measures how easily can a company pay it taxes. In last year's edition, Romania ranked 49th. At world level, the ease with which a company pays its taxes remained relatively stable. Romania surpasses this year, other countries from Central and Eastern Europe, such as the Czech Republic (53rd), Slovakia ...

Another suspect arrested in Caracal Case, accomplice of Gheorghe Dinca in raping Luiza Melencu

Friday, November 29, 2019

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) has announced on Wednesday that it had detained an accomplice of the alleged Caracal murderer Gheorghe Dinc?. A 46-year-old man is charged that, ...

Colliers report : Romanians spend an average of EUR 8.7 a month for culture and recreation

Friday, November 29, 2019

* The entertainment offer in shopping centers is a top preference for consumers in Central and Eastern Europe. The entertainment segment has grown massively in Central and Eastern Europe (CEE) in recent years. The analysis of 13 countries (Albania, Belarus, Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Ukraine) shows that the leisure segment in shopping centers is dominated by ...

CSAT approved the purchase of another five F-16s

Thursday, November 28, 2019


The Supreme Council for the Country's Defence (CSAT) established, on Wednesday, Romania's objectives for the NATO reunion, which will take place December 3 and 4, in London."We set Romania's objectives for that NATO session. (...) We will emphasize two things. We will reiterate the importance of the Black Sea for NATO, the Eastern Flank and Romania. The second topic is that Romania is still determined to allot 2 pct of the GDP for Defence. Otherwise, I am an adept ...

European Parliament elects the von der Leyen Commission

Thursday, November 28, 2019

New Commission approved by 461 votes to 157 against, with 89 abstentions College of Commissioners to take office on 1 December for five years Hearings process established suitability of candidates First woman Commission President and the largest proportion of female Commissioners to ...

Klaus Iohannis, Charles Michel discuss future EU budget, climate change, Brexit deal

Thursday, November 28, 2019


President Klaus Iohannis discussed, on Wednesday, with the future President of the European Council, Charles Michel, about the Single Market, EU security, the need for a strong foreign policy, climate change, policies in the realm of global warming, and the multiannual budget of the Union."We discussed about money too, about the financial exercise that will take the next seven years. We all feel the need to finalize the project in the most optimistic version, but ...

President Iohannis: I believe it would be really good to move toward early elections next spring

Thursday, November 28, 2019

President Klaus Iohannis Wednesday opted for early elections in the spring, showing that he will have discussions on this topic with all political leaders."I will have discussions with all the political leaders. I have always talked with all the political leaders, because at the top of the state it does not matter whether you like someone or not, we do politics and I want to do politics in such a way as to yield results," President Iohannis said at Cotroceni ...

Ciolacu: PSD lost the elections due to the events of 10th August as well; the payment was due

Thursday, November 28, 2019

The interim chairman of the Socialist Democrat Party - PSD Marcel Ciolacu stated on Wednesday that the events of 10th August were managed ‘wrongly and hazardously’ and PSD had to pay, this being the cause for which they lost the elections.  ‘We paid, we lost the elections. So, the payment for 10th August PSD has got it. And due to the events of 10th August PSD lost the elections’ Ciolacu said. The ...

Chamber of Deputies tacitly passes bill To disband Special Section for Investigating Magistrates

Thursday, November 28, 2019

The Chamber of Deputies has tacitly passed the draft law initiated by USR that targets to disband the Special Section for Investigating Magistrates. The initiators argued that there no reasons to justify the ...

PM Orban: We'll try to make corrections to Ordinance No.114 - a criminal normative act

Thursday, November 28, 2019

The Government will try to correct Ordinance No.114, Prime Minister Ludovic Orban has stated within a conference at the Bucharest University of Economic Studies on Wednesday, labeling this normative act as a "criminal" one.He participated in the conference called "Budget and Taxation 2020: From public policy to Business" organised by CursDeGuvernare.ro, with the support of the American Chamber of Commerce in Romania (AmCham) and the Bucharest University of ...

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