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Public administration sector's financial assets up 1.3 pct in Q3 2024
Thursday, January 9, 2025
The public administration sector's financial assets, expressed as a share of GDP, increased in Q3 2024 by 1.3 percentage points compared to the year-ago period, to 27.9%, shows data released on Wednesday by the National Bank of Romania (BNR).According to the cited source, this upward trend was mainly the effect of the 19.3% increase in cash and deposits, which hit 8.4% of GDP, against the backdrop of the collection of amounts resulting from the ...
EnergyMin Burduja: Romania is not affected by suspension of natural gas transit through Ukraine
Thursday, January 9, 2025
Romania is not affected by the suspension of natural gas transit through Ukraine, because it is practically independent in the natural gas sector and covers its consumption demand from its own production, the Minister of Energy Sebastian Burduja said."Romania is not affected by the suspension of natural gas transit through Ukraine, because our country is not in the situation of being an importer of Russian gas. Romania does not have direct natural gas supply ...
Energy Ministry defends OMV Petrom's plans to supply Neptun Deep gas to Germany
Thursday, January 9, 2025
The amount of natural gas that will be exported from the Neptun Deep offshore perimeter to Germany represents less than 1% of the total estimated output of the Black Sea deposit, as its estimated gas reserves are over 100 billion cubic meters, the Energy Ministry said in a statement on Wednesday, noting that "Romania has taken up the role of leader in the European energy sector. OMV Petrom's future export plans to deliver natural gas ...
Court orders expert assessment of OMV Petrom offshore platform's safety standards compliance
Thursday, January 9, 2025
The Bucharest Sector 1 Court has accepted the request for an authorized technical expert to go to one of the Black Sea oil and gas platforms operated by OMV Petrom (specifically the Pescarus platform) to verify compliance with safety standards, the Greenpeace organization announced on Wednesday."The Bucharest Sector 1 Court has ordered an expert assessment of the conditions of offshore installations, with focus on their structural, mechanical and ...
Official Saudi Arabia delegation to discuss resumption of Romanian sheep exports
Thursday, January 9, 2025
An official Saudi Arabia delegation tasked with discussing the resumption of Romanian sheep exports is on a working visit to Romania January 8 - 12, the National Veterinary and Food Safety Authority (ANSVSA) announced on Wednesday, adding that the visit is part of an ongoing effort to open foreign markets and resume trade, which was temporarily suspended due to the peste des petits ruminants (PPR) outbreak.The delegation will travel to the counties of Calarasi, Constanta ...
Slight decrease in unemployment rate in November 2024 compared to October
Thursday, January 9, 2025
The unemployment rate in Romania reached 5.3% in November 2024, down 0.1 percentage points compared to October 2024, according to the data published on Wednesday by the National Statistics Institute (INS).The unemployment rate for men was 0.5 percentage points higher than for women.The number of unemployed (aged 15-74) estimated for the month of November 2024 was 435,600 people, down compared to the previous month (441,100 people) and compared to the same period ...
Retired General Virgil Balaceanu: We are extremely late with the adoption of legislation regarding the restoration of the Romanian Army reserve
Wednesday, January 8, 2025
Retired General Virgil Balaceanu, former representative of Romania at NATO Command, says that Romania is extremely delayed in adopting legislation to meet the needs of rebuilding the reserve of the Romanian Army based on the principles of voluntarism, and if the „legislative problem” is not resolved, then conscription will be reintroduced. “The law for ...
Thousands of British troops to lead major NATO exercise in Eastern Europe
Wednesday, January 8, 2025
* Thousands of UK personnel will continue to deploy to Europe in the next two months to spearhead a major NATO exercise, https://www.gov.uk/ informs. UK leading contribution with over 2600 ...
The leaders of the governing coalition meet on Wednesday in the first meeting of 2025
Wednesday, January 8, 2025
The leaders of the governing coalition are meeting on Wednesday, at 5:00 p.m., for the first meeting of 2025, with the agenda set to include discussions on setting the date of the presidential elections, as well as on the alliance’s joint presidential candidate. Crin Antonescu recently announced that he is “unilaterally” suspending his candidacy from these parties, in the absence of official ...
Nicusor Dan about opinion poll made by his team: Calin Georgescu has over 40% voting intention
Wednesday, January 8, 2025
Bucharest mayor, Nicusor Dan, said on Monday, in a statement at Antena 3 TV, about the opinion poll made by his team, that independent candidate Calin Georgescu had over 40% of voting intention, according to all scenarios they tested. He was followed by Crin Antonescu, between 22-24% and himself with 16-18%. Elena Lasconi comes 4th with 7%. He pointed out that they had not taken into account many ...
Ana Birchall runs in the presidential elections again
Wednesday, January 8, 2025
Ana Birchall announced, on Facebook, thet she would run in the presidential elections of 2025 again. Last year she ran as an independent and got 42,853 votes, which represented 0.46% of votes cast. She resumed the slogan she used last time, “We will recover”, and showed the program to be presented to electors in the future elections. “Romania needs a president who should be a leader ...
Finance Minister: First Draft of Budget Ready by January 27
Wednesday, January 8, 2025
“Romania needs a leaner, more efficient state. That is why we have already taken the first steps: we have limited the state’s operating costs and we will prepare the first version of the budget by the end of January”, says Finance Minister Tanczos Barna in an interview with Radio Kossuth and taken over by maszol.ro. The minister specified that the first ...
FIC: Unpredictability of fiscal measures reduces investor confidence
Wednesday, January 8, 2025
The ordinance adopted by the Government, which also includes the introduction of new taxes and tax increases, did not provide the necessary time for a careful analysis by the business environment and the failure to respect the deadlines for public consultation in the legislative process is a negative signal that increases the degree of uncertainty for the future of investment in Romania, according to the Foreign Investors Council ...
Ministry of Finance planned to borrow 5.77 billion lei from banks in January 2025
Wednesday, January 8, 2025
The Ministry of Finance (MoF) has planned to borrow MDL 5.2 billion from commercial banks in January 2025, to which MDL 570 million may be added through additional non-competitive bidding sessions related to bond auctions. The total amount of MDL 5.77 billion is MDL 170 million higher than the MDL 5.6 billion that was programmed in December 2024 and will be used to refinance public debt and finance the state budget ...
WB: Romania Poverty and Equity Brief : October 2024
Wednesday, January 8, 2025
According to a recent World Bank report, between 2016 and 2021, Romania's strong economic growth led to a significant reduction in poverty, with the rate ($6.85/day PPP) dropping by 14.7 percentage points to 7.1 percent. The anchored at-risk-of-poverty rate (AROP), a measure of the percentage of people in a population at risk of poverty, also saw considerable declines, driven largely by rising pension and labor incomes. Despite these gains, Romania continues to have ...
7.3 million lei damage from illegal logging in state forests in the first 9 months of 2024
Wednesday, January 8, 2025
The damage from illegal logging in state forests administered by the National Forest Administration- Romsilva totalized 7.3 millionlei in the first three quarters of 2024 dropping by 8% against the same period of last year, according to the information provided by the representatives of Romsilva."In the first three quarters of 2024, 10,459 field checks were carried out in state-owned forests, and the total volume of illegally felled timber amounted to 14,671 ...
Ilie Bolojan: Government should establish presidential election calendar next week
Tuesday, January 7, 2025
The interim chairperson of the National Liberal Paty (PNL), Ilie Bolojan, said that the Government should establish next week the calendar for the presidential elections, so that they can be organized before the Easter holidays."Regarding Mr. Antonescu's announcement, I would like to make a few clarifications. The first issue is related to the election calendar, and here I think that Mr. Antonescu is right, if we want, and PNL does want for the presidential ...
Nicusor Dan: Clarifying annulment of presidential election, more important than election calendar
Tuesday, January 7, 2025
Bucharest General Mayor Nicusor Dan, independent candidate in the presidential elections, said that clarifying all the details related to the annulment of the presidential election is more important than setting a calendar for the new election.Nicusor Dan was asked what he thinks about the statements by Crin Antonescu and Ilie Bolojan according to which the date of the elections should be established quickly."Here I disagree both ...
New Patriot missile system for Romania
Tuesday, January 7, 2025
The U.S. Department of Defense has awarded a $946 million contract to arms company Raytheon Technologies (RTX) to supply Romania with additional Patriot air defense systems, The Defense ...
Romanian Army Acquires Advanced Anti-Drone Solution from Israel
Tuesday, January 7, 2025
Israelis from Elbit Systems will provide Romania with an advanced solution to combat unmanned aerial systems (C-UAS). The company has obtained a contract worth 60 million dollars in Romania. Elbit Systems Ltd. announces that it has been awarded a contract worth approximately $60 million to supply a European NATO country with its multi-layered Counter Unmanned Aerial Systems (C-UAS). The ...