English

Iohannis signed six retirement decrees. Some are for prosecutors from the General Prosecutor’s Office

13:31, 14 Feb. 2020
President Klaus Iohannis signed six retirement decrees on Friday, demanded by prosecutors from around the country, the Presidential Administration announced. Four of the retirement decrees signed by president Klaus Iohannis were prosecutors of the Prosecutor’s Office attached to the High Court of Cassation and Justice. On Friday, Klaus Iohannis has signed the following decrees: Decree […]

Renault Plans to Launch 100% Electric Dacia Model in 2021-2022

12:36, 14 Feb. 2020
Renault plans to launch a fully electric Dacia model in 2021-2022, the carmaker announced Friday along with its earnings report.

Turcan: The Government withdrew the decrees on European funds for fear of the European Commission

12:12, 14 Feb. 2020
Deputy prime minister Raluca Turcan has said the Government's decision to withdraw emergency decrees on European funds has been done in order not to leave the impression to the European Commission that they have faults.

The medical cards system is not working

12:04, 14 Feb. 2020
The medical cards system was not working, on Friday morning, and family physicians could not prescribe treatments to patients.

Orange Posts EUR1.1B Turnover in 2019

13:28, 13 Feb. 2020
Telecom operator Orange Romania posted a turnover of EUR1.112 billion in 2019, 1.2% lower compared with 2018, the company said Thursday.

First corvette built by Romanians has been delivered to Pakistan’s Navy

13:25, 13 Feb. 2020
The first patrol vessel built by Romanian workers, in Romania, has been delivered to the Pakistan's Naval Forces on Thursday, during a ceremony organized at the Passengers' Terminal, in Constanţa Port.

EIB Support for Projects in Romania Amounts to EUR865M in 2019

12:31, 13 Feb. 2020
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guarantees, equity and microfinance operations in Romania in 2019.

Romania’s Current Account Gap Widens to EUR10.47B in 2019

12:30, 13 Feb. 2020
Romania's current account balance posted a deficit of EUR10.478 billion in 2019, compared with a deficit of EUR8.86 billion in 2018, central bank data showed Thursday.

Searches at 17 town halls who had obtained financing through the Development and Investment Fund

12:23, 13 Feb. 2020
Seventeen police searches are taking place at town halls throughout the country, being verified funding obtained from the Development and Investment Fund for projects developed by the local authorities. Judiciary sources say Ion Ghizdeanu would be prosecuted in this case.

BT Asset Management Cleared to Acquire Pension Fund Certinvest Pensii

12:04, 13 Feb. 2020
BT Asset Management and BT Investments, part of the Banca Transilvania Financial Group, have been cleared by the financial supervisory authority to acquire 100% of Certinvest Pensii, the only local player among private pension funds administrators in Romania.

Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M

12:04, 13 Feb. 2020
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168 million.

Prime minister Ludovic Orban meets Ursula von der Leyen on Thursday

12:03, 13 Feb. 2020
Romanian prime minister Ludovic Orban is attending a dinner organized in Munich, on Thursday, along with the European Commission's president, Ursula von der Leyen.

The child who had fallen into coma after anesthesia has died

19:20, 12 Feb. 2020
The four year old child who fell into coma after being anesthetized in a dentist medical unit, in Piteşti, has died on Wednesday at "Grigore Alexandrescu" Hospital, after a cardio-respiratory stop, the centre's representatives have announced.

Sports minister explains why he did not attend the meeting with former champions in Parliament

19:05, 12 Feb. 2020
The Sports minister Ionuţ Stroe has said he was not invited at the meeting with former champions which took place on Wednesday in Parliament, as the meeting was organized by two PSD senators.

Hidroelectrica Seeks Legal Adviser for Future IPO

17:29, 12 Feb. 2020
Romanian state-owned power producer Hidroelectrica has launched procedures to acquire legal services in view of an initial public offering and is prepared to pay EUR700,000 net of VAT.

The EC has activated the infringement procedure against Romania, because of illegal logging

13:40, 12 Feb. 2020
The European Commission has announced that it has activated the infringement procedure against our country on Wednesday, due to faulty legislation that does not allow the Romanian authorities to manage and verify the large quantities of illegally cut wood from Romania's forests.

The appeal to the sentence filed by Liviu Dragnea at the Bucharest Tribunal, judged on 18 February

12:29, 12 Feb. 2020
The appeal against the prison sentence filed by Liviu Dragnea at the Bucharest Tribunal, which had a trial set for Wednesday, has been postponed to 18 February, as the lawyer of the former PSD leader could not appear in court due to medical issues.

Isarescu: Gold Reserve Repatriation Entails Massive Costs

14:37, 11 Feb. 2020
“We will observe the law but we have stated our point of view,” he said, speaking of a document the central bank recently sent to the government and parliament assessing the costs of gold repatriation. He added the ultimate decision belongs to the parliament. Isarescu did not give an amount but said the central bank’s […]

Carturesti Opens Bookstore in Timisoara

14:19, 11 Feb. 2020
Bookstore chain Carturesti, owned by Nicoleta Dumitru and Serban Radu, has opened a new unit in downtown Timisoara, western Romania, reaching a total of 37 bookstores in Romania.

CCR: Until 14 February, the parties in the Presidency-Parliament conflict are to express their views

12:28, 11 Feb. 2020
The Constitutional Court (CCR) has decided that, until 14 February, the parties involved in the conflict between president Klaus Iohannis and Parliament on the appointment of Ludovic Orban as prime minister are to express their views. The deadline for the deliberative session will be set later.

Ludovic Orban meets the leaders of the parliamentary parties to discuss about early elections

12:19, 11 Feb. 2020
Ludovic Orban is meeting parliamentary leaders on Tuesday to discuss about calling early elections. So far, only PNL and USR have announced their support for the idea.

Romania Central Bank Lowers Inflation Forecast to 3% in 2020 from 3.1%

11:49, 11 Feb. 2020
Romania's central bank sees year-end inflation at 3% in 2020 from a previous projection of 3.1%, central bank governor said Tuesday at a briefing on the February Inflation Report.

EC to Launch Excessive Deficit Procedure on Romania in March, Says Finance Minister

10:10, 11 Feb. 2020
Romania will be placed under excessive deficit procedures in March at the earliest, outgoing finance minister undergo Florin Citu said Monday evening on TV station Realitatea Plus.

Romania Net Average Salary Grows 5.1% on Month in December 2019

09:47, 11 Feb. 2020
The average net salary in Romania grew 5.1% in nominal terms in December 2019 compared with November, to 3,340 lei (around EUR700), mainly due to end of the year bonuses, data from the country's statistics board showed Tuesday.

Marcel Ciolacu: I have browsed the Government program that no one will vote for. Copy-paste from PSD

18:31, 10 Feb. 2020
PSD's acting head Marcel Ciolacu on Monday has ironized the government's program of Ludovic Orban, saying that it "continues to be copy-paste from the PSD program". Ciolacu has branded Orban Cabinet 2 as "the government that no one will vote for".

Orban: The government will have the same composition. I am pleased with the work of each minister

13:30, 10 Feb. 2020
Ludovic Orban has announced, at the PNL Executive Bureau meeting, the ministers' list of the new Government was approved and is the same composition as the old Cabinet, noting that he was satisfied with the activity to each minister.

Sources: The governance program and the list of ministers are to be submitted on Monday

12:48, 10 Feb. 2020
Ludovic Orban will present on Monday, at the PNL meeting, the list of ministers and the government program, according to some liberal sources and the new Cabinet is to be similar to the old one. Later on Monday the list of ministers and the government program will be submitted to Parliament.

Teacher from Suceava who returned from China, hospitalized with suspected coronavirus

19:29, 07 Feb. 2020
A 32 year old Romanian citizen, an English teacher who returned from China on 1 February, has gone to the hospital with flu symptoms on Friday.

Orban announces he will send the government’s program and list of ministers to Parliament on Monday

18:42, 07 Feb. 2020
Ludovic Orban has announced that he will send to Parliament on Monday the updated governance program and the list of ministerial proposals. Earlier, the liberals will have a meeting to approve the governing program.

Central Bank Sees Annual Inflation Declining In Early Months of 2020

15:59, 07 Feb. 2020
Romania's central bank expects the annual inflation rate declining significantly in the early months of 2020 and staying in the upper half of the variation band of 1.5%-3.5% until the end of the forecast horizon.

Iohannis: Romania agrees with granting European funds depending on the rule of law

15:31, 07 Feb. 2020
Romania agrees with the project on granting European funds for an EU state depending on the observance of the rule of law, Klaus Iohannis has said in Brussels on Friday. The president added that the specialists "have more work to do" for developing practical criteria.

Ara Shoes To Shut Down Romanian Factory in Salaj in April

15:26, 07 Feb. 2020
German footwear manufacturer Ara Shoes is set to close its Romanian factory in Salaj county, in April and lay off some of its employees in Bihor county, sources told Ziarul Financiar.

De’Longhi Acquires New Production Plant in Romania

13:06, 07 Feb. 2020
Italian household appliances manufacturing group De'Longhi on Friday announced the acquisition of a production plant in Romania in Madaras, Bihor county.

Klaus Iohannis announces he is proposing Ludovic Orban again for the position of prime minister

18:23, 06 Feb. 2020
President Klaus Iohannis has announced, on Thursday evening, that he will nominate Ludovic Orban again for the position of prime minister.

Romania, Bulgaria Have Lowest Work from Home Rates in EU

13:07, 06 Feb. 2020
Romania and Bulgaria had the fewest number of people working from home in 2018, of 0.4% and 0.3% respectively, compared with a European average of 5.2%, Eurostat data showed Thursday.

Kelemen: A new nomination of Orban as prime minister means the president wants early elections

12:39, 06 Feb. 2020
A new nomination of Ludovic Orban as prime minister by president Klaus Iohannis means the head of state wants to direct things towards early elections, says Kelemen Hunor. UDMR does not support forming a majority around the Social-Democratic Party (PSD), nor a prime minister supported by PSD.

PNL is going to consultations with the same formula of ministers and Orban as prime minister-sources

12:09, 06 Feb. 2020
PNL has decided to go to the Cotroceni consultations with the same formula of ministers, liberal sources have said on Thursday for MEDIAFAX. Ludovic Orban will be the Liberals' proposal to be nominated by President Klaus Iohannis, both in the first and at a possible second round of consultations.

MAE: 17 Romanians are aboard the cruise ship which is in quarantine in Japan

11:37, 06 Feb. 2020
The Romanian Ministry of Foreign Affairs (MAE) has announced on Thursday that 17 Romanian citizens are aboard the cruise ship which is in quarantine in Japan.

Orban: A Parliament dominated by retrograde forces decided to dismiss the Cabinet. I lost one battle

16:37, 05 Feb. 2020
Ludovic Orban has said on Wednesday, after the no-confidence motion, that the Government "stands still" and that the parliamentarians who voted the censorship motion are dominated by "retrograde forces". He claims he is proud of what he has been able to achieve in three months of ruling.

Revolut Tops 1 Million Users in Romania

16:34, 05 Feb. 2020
British fintech Revolut has more than one million users in Romania after 400% growth in the second half of 2019, making Romania its biggest market after UK, it said in a statement Wednesday.