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Motion censure against Dancila Government read în joint plenary meeting of the Senate and the Deputies' Chamber

Friday, October 4, 2019

The censure motion was read în the joint plenary meeting of the Senate and the Deputies' Chamber. The censure motion called "In order to rebuild Romania, we must urgently dismiss the Dancila Government!" was filed on Tuesday by the Opposition.The document was read by National Liberal Party (PNL) senator Florin Citu. There were 128 deputies and senators attending the meeting.The censure motion will be debated and voted next ...

Accusations of plagiarism target Romania's second option for European Commissioner seat

Friday, October 4, 2019

Melania-Gabriela Ciot, Romania's second option for a seat in the future European Commission, plagiarised most of a scientific article published in 2012, according to a journalist who has gained fame for revealing high level plagiarism cases. Reporter Emilia Sercan writes for website ...

New proposal that EU funds be linked to rule of law compliance in European countries

Friday, October 4, 2019

The Belgian candidate for the seat of European Justice Commissioner would like to apply as early as next year a mechanism to monitor the rule of law in all European countries and use the system to restrict or suspend granting of EU funds in places which don't comply with the rules. The issue, debated in the EP on Wednesday, echoed among Romanian MEPs: while EPP and Renew Europe members support the proposal, Romanian Socialists (or Social Democrats as they are called ...

Concordia 19 - approximately 500 servicemen of MApN, MAI, SRI, SPP and STS participate in exercise

Friday, October 4, 2019

Approximately 500 servicemen of the Ministry of National Defence (MApN), the Ministry of Interior (MAI), the Romanian Intelligence Service (SRI), the Guard and Protection Service (SPP) and the Special Telecommunications Service (STS) participate, over October 7-13, in the international exercise Concordia 19, which takes places in several locations in the Covasna and Harghita counties, and in Bucharest.The inter-institutional training exercise is meant for the ...

Romtehnica asks for penalties of 8.5 million euros to the carrier manufacturer Piranhia V for delaying delivery

Friday, October 4, 2019

The Romanian Defence Ministry has issued a bill of default interest of EUR 8.5 million to the American producer of Piranha V armoured wheeled vehicles that are to be delivered to the Romanian Army. The Romanian Defense Ministry signed the contract with the US General Dynamics the contract allowing the Romanian state to purchase ...

10-year prison sentence for ex Speaker Bogdan Olteanu, charged with influence peddling

Friday, October 4, 2019

An anti-graft prosecutor on Thursday asked the Bucharest Court to hand former Chamber of Deputies' Speaker Bogdan Olteanu the maximum penalty of 10 years in prison in a case where he is charged with having received one million euros in bribe money from businessman Sorin Ovidiu Vintu.At the final hearing before the court this Thursday, the representative of the National Anti-corruption Directorate (DNA) said that there is plenty of evidence in the case to prove ...

BNR maintains monetary policy rate at 2.5pct per annum

Friday, October 4, 2019

The National Bank of Romania (BNR) decided on Thursday to maintain the monetary policy interest rate to its current level of 2.5 percent for the eleventh time in a row, as high inflation and FX pass-through do not allow the central bank to join the global trend and ease its policy stance. “In its meeting of 3 October 2019, the Board of the National Bank of Romania decided the following: to keep the monetary policy rate at 2.50 percent per annum; ...

Isarescu: We should let exchange rate, market function

Friday, October 4, 2019

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The national currency has not depreciated in recent months and it is worse than an exaggeration to say that the (national currency) leu is on the bottom of the precipice, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a Thursday's press conference, mentioning that the forint and zloty depreciated more than the leu compared to the euro."This fuss, which is actually exaggerated, I saw in a newspaper today, with the depreciation of the ...

MFP wants to borrow in October nearly 4 billion lei from banks

Friday, October 4, 2019

 The Ministry of Public Finance (MFP) has planned, in October 2019, loans from commercial banks worth 3.995 billion lei, of which 200 million lei through a treasury certificate issue with a discount and 3.3 billion lei through seven state bond issues, that could see an additional 495 million lei added through extra sessions of non-competitive offers, associated with bond tenders.The sums are identical to those which were scheduled for September and will be ...

EIB announces tripling of support for Romanian economy up to 1.38 billion euro

Friday, October 4, 2019

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Vicepresident of the European Investment Bank (EIB), Andrew McDowell, stated on Thursday, in Bucharest, that the European Investment Bank Group is tripling its support for Romanian companies, from 500 million euro up to 1.38 billion euro.The initiative for SMEs combines the structural funds with other resources of the EU and the EIB in order to offer loans for 5,000 Romanian SMEs in better conditions, contributing to the creation of jobs that are very necessary to ...

Deficit of consolidated budget rises to 2.1pct of GDP after first eight months

Friday, October 4, 2019

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 The deficit of the consolidated budget rose to 2.1pct of the Gross Domestic Product (GDP) after the first eight months of this year, respectively 21.9 billion lei, according to the data published by the Ministry of Public Finance.In the first eight months of last year, the budget execution indicated a deficit of 14.6 billion lei, respectively 1.54pct of ...

European Commission reimburses 104 million euros to Romania under Technical Assistance Operational Programme

Friday, October 4, 2019

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The European Commission reimbursed 104 million euros to Romania out of the total 121 million euros that were supposed to be reimbursed under the Technical Assistance Operational Programme (TAOP) 2014-2020, according to data released by the Ministry of European Funds (MFE).This amount represents 41 per cent of the money granted under the European Regional Development Fund (ERDF) for the current TAOP programming.According to the MFE, a total number of ...

Industry barometer in Romania: August dark month - Industry in contraction area for all indicators

Friday, October 4, 2019

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Industrial output in Romania was in contraction in August, while in June and July is was close to zero increase and production costs suddenly went up, according to the monthly industrial barometer made by IRSOP and SNSPA and released on Thursday. As of 2014, every month, IRSOP and SNSPA have asked a sample of managers if in  their company production, orders, stock, employment and other parameters have grown compared to the previous month. An index ...

Retail trade volume in Romania, up 7pct, Jan.-Aug. 2019

Friday, October 4, 2019

Compared to the previous month, in August 2019 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 2.3% and as adjusted series according to the number of working days and to seasonality by 0.4%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased ...

Eurostat: Romania had the highest increase in the industrial producer prices in the EU, in August

Friday, October 4, 2019

Industrial producer prices dropped 0.8 per cent in the Eurozone and 0.3 per cent in the European Union, in August, compared with the same period in 2018, while Romania reported the most significant advance among the member states, showed data released on Thursday by the European Statistical Office (Eurostat).In August, the highest annual increases in the industrial producer prices were recorded in Romania (4.7 per cent), Bulgaria (4.5 per cent) and Luxembourg (2.9 ...

În Romnia, quality of life is a complex term

Friday, October 4, 2019

Romanians continue to leave their country at a worrying pace and many local experts try to find the real drivers behind this trend. Some entrepreneurs and politicians think they have the answer: beyond earnings, people leave mainly because they search a better quality of life for them and for their children. Quality of life is a complex term, as it refers to many aspects of human life and human aspirations. It includes human and natural environment, ...

Constanta: Romanian Gastronomy and Wine Festival, in Ovidiu Square at the end of the week

Friday, October 4, 2019

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Visitors of the Romanian Gastronomy and Wine Festival, held at the end of the week in Ovidiu Square, Constanta, will taste noble wines and have culinary experiences between October 4 and 6, the local administration announced. “The Festival is an event where we encourage promotion, buying and consumption of traditional Romanian products,” Constanta City Hall announced. According to the source, the sale exhibition, ...

Dracula Film Festival, between October 16 and 20, in Brasov

Friday, October 4, 2019

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The International Fantasy Film Festival - Dracula Film Festival -, the 7th edition, will take place between October 16 - 20, in central Brasov, according to a release of the organizers. This year's edition of the festival will have three competition sections: international feature film, international short film and short films shot on mobile phones - Dracula Digital.306 feature films have been registered for the international feature film competition. The ...

Censure motion - to be debated and voted on October 10

Thursday, October 3, 2019

The censure motion will be debated and voted in Parliament next Thursday, the Joint Standing Bureaus of Parliament have decided.The announcement was made by the leader of PRO Romania, Victor Ponta.He specified that the censure motion will be read in the Legislature's plenary session this week, in Thursday's sitting."We have the motion read tomorrow and debated and voted on next Thursday, October 10," said Ponta, after the sitting of the Standing ...

Speaker Ciolacu: Mathematically, majority in Parliament lost, vote on motion not on Saturday

Thursday, October 3, 2019

The chairman of the Chamber of Deputies, Social Democrat Marcel Ciolacu stated on Wednesday that "mathematically" the majority in Parliament was lost, through the fact that the day's agenda for the session in which the reading of the censure motion was to take place was not approved."Mathematically, the majority was lost, today's agenda was not approved. There will be a new session of the joint standing bureaus of the two chambers, a new schedule will be done and ...

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