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Mains

GDP 2020 estimate – reduced for the third time in the official forecast. Remarks

The GDP 2020 estimate has been reduced for the third time in a row in the so-called Preliminary Autumn Forecast for the budget amendment published… Mai mult

Romania-US agreement for nuclear cooperation – endorsed by the European Commission

The intergovernmental agreement between the United States and Romania in the nuclear-civil cooperation field has received the European Commission’s approval, and Romania will start construction… Mai mult

Open registration: ONLINE CONFERENCE Deposit-return system in Romania, from concept to implementation, November 24

A system which can save Romania from the packages waste and, at the same time, can ensure fulfillment of obligations in the field towards the… Mai mult

Romanian Leu, koruna, zloty and forint in pandemic: a comparison in terms of stability and its effects

Romanian Leu was much more stable during the pandemic than the currencies of Central European countries with a similar exchange rate regime, the Czech Republic,… Mai mult

Black Sea natural gas: Exploitation in Neptune Deep perimeter could start by 2025 – estimation by Ministry of Economy

Offshore perimeters in the Black Sea The Ministry of Economy would be satisfied if the exploitation of natural gas in Neptun Deep perimeter in the… Mai mult

Covid effect on jobs in the EU: Romania among the least affected countries in Q2 – 2020

Romania was among the least affected EU member states in Q2 2020 in terms of temporary layoffs, reduced working hours or job losses, according to… Mai mult

Castex-Orban meeting in Paris – a new roadmap of France-Romania partnership. Orano company comes to Cernavoda

Prime Minister Ludovic Orban announced on Monday that he has signed with his French counterpart, Jean Castex, the roadmap on the partnership between Romania and… Mai mult

Eurostat data: Romania managed poorly good times but performed well when came to the end of its rope

Romania had in the second quarter of 2020 the fourth-lowest increase in public debt relative to GDP among the EU Member States compared to the… Mai mult

Government attacked the Mobility Package at the CJEU, arguing that European legislation affects Romanian companies

The Romanian Government notified, on Friday, the Court of Justice of the European Union (CJEU) with three actions in the annulment of the problematic Mobility… Mai mult

Finance Ministry announces payment incentives for budget obligations outstanding after the state of emergency announcement

The Ministry of Public Finance (MFP) proposes to regulate a simplified alternative procedure for granting a payment rescheduling of up to 12 months, for the… Mai mult

IMF improved its forecast for Romania: 4.8% decrease in 2020 and 4.6 % increase next year

Romania’s economy will contract by 4.8% of GDP this year, according to the revised forecast of the International Monetary Fund (IMF), a slightly more optimistic… Mai mult

Romania’s recovery – in WB Report: 2021 indicators compared to starting moment of Covid crisis

The data included in the autumn report of the World Bank “COVID-19 and Human Capital” which brings the forecast for Europe and Central Asia countries… Mai mult

A new US-Romania agreement in military field – a 10-year plan to strengthen defence in Black Sea area

Defence Secretary Dr. Mark T. Esper met on Thursday at the Pentagon with Romanian National Defence Minister Nicolae-Ionel Ciuca and the two signed a “defence… Mai mult

Romania’s direct investments abroad – EUR 324 million in 2019: Cyprus, the most important destination

The balance of Romania’s direct investments abroad amounted to EUR 324 million in 2019, according to data published on Wednesday by the National Bank of… Mai mult

5.2% of GDP deficit in 8 months: a general decline in revenues, sharply rising expenditure and investment

The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an… Mai mult
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NEWS

New Renault boss: “Dacia is a miracle. It's time for the brand to flourish"

Luca de Meo (foto), the new general manager (CEO) of Renault group, considers that Dacia project proved to be a miracle and that no one… Mai mult

Pentagon transforms Campia Turzii unit into a NATO air hub at the Black Sea

A former Soviet airbase in central Romania could become a hub for US Air Force operations in south-eastern Europe, where the Pentagon is seeking to… Mai mult

Nuclearelectrica shareholders approved to terminate negotiations with Chinese for building reactors 3 and 4 from Cernavoda

Nuclearelectrica's Board of Directors has been mandated to initiate proceedings to terminate negotiations with China General Nuclear Power Group (CGN), as well as legal effects… Mai mult

Renault holds expansion of its plant in Romania, 15,000 jobs cancelled at global level

"Putting capacity growth projects planned in Morocco and Romania on hold" - is one of the measures included in the draft plan of Renault Group… Mai mult

Romania is a net importer of electricity in 2020 as well

Romania imported an amount of electricity of almost 796 GWh in the first month of this year, by more than 36% above what it exported… Mai mult

Shareholders of Galati steel plant promise investments of one billion euros

GFG Alliance has committed to invest one billion euros to upgrade Galati steel plant in order to reduce emissions and increase production. Another EUR 1… Mai mult

Transport Ministry announces it has sent to Brussels the financing request for Sibiu - Pitesti highway

The Transport Ministry, as the Intermediate Body in Transport, approved the financing request for the project "Construction of Sibiu - Pitesti highway", Sections 1, 4… Mai mult

Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA

(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult