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Three-Month Money Market Rate Hits Nearly Two-Month High Of 3.28%

12:18, 19 Oct. 2018
The three-month money market interest rate used to calculate interests for consumer loans in lei on Friday rose to the highest in almost two months, at 3.28% a year, after staying put at 3.17% a year over the last three days, central bank data show.

Study: Cigarette Contraband Decreased Between July And September

17:59, 18 Oct. 2018
The cigarette black market in Romania accounted for a lesser share of total consumption in September, dropping to 15.3%, a 2.9% decrease from the value registered in July, according to a Novel Research study presented on Thursday.

President: Romania Will Not Accede To The Eurozone Too Soon

15:44, 18 Oct. 2018
Romanian President Klaus Iohannis stated on Thursday that Romania’s adoption of the Euro will not happen soon due to internal delays, though also announced that he will restate the country’s intention to accede to the Eurozone in a Euro Summit meeting.

Romania Car Market Hits Ten-Year High In January-September 2018

13:20, 18 Oct. 2018
Car sales in Romania grew 20.2% year-on-year in January-September 2018, to 134,831 units, a record high of the past decade, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday.

Three-Month Money Market Rate Flat At 3.17%

11:50, 18 Oct. 2018
The three-month money market interest rate used to calculate interests for consumer loans in lei continued to remain unchanged on Thursday, at 3.17% a year, for the third consecutive day, central bank data show.

Watford Insurance Enters Romanian Market

11:26, 18 Oct. 2018
Watford Insurance Company Europe, a subsidiary of global insurance and reinsurance group Watford Re Ltd., launched its operations in Romania Wednesday.

Liberal Party To Inform Venice Commission Of Government Judicial Decree

11:23, 18 Oct. 2018
Romania’s Liberal Party will send an official letter to the Venice Commission to inform the institution with regards to a Government emergency decree which amends the recently enacted judicial bills this week, the party’s spokesperson announced on Wednesday.

Ombudsman Takes Rest Leave As He Receives Multiple Requests To Challenge Government Decree

11:22, 18 Oct. 2018
Romanian Ombudsman Victor Ciorbea was the target of heavy criticism on Wednesday, after it was revealed that he went on a two-week vacation to the United States without delegating his powers, despite being the sole authority able to challenge a recent government decree to the Constitutional Court.

Romania’s Constitutional Court Postpones Ruling On Criminal Code Challenges

12:14, 16 Oct. 2018
Romania’s Constitutional Court announced on Tuesday that it postponed for October 24 a ruling on challenges made by President Klaus Iohannis, the Supreme Court and opposition parties against a bill amending the country’s Criminal Code.

Simulated Earthquake Scenario Reaches 4,380 Deaths

11:53, 16 Oct. 2018
A drill to simulate a high-magnitude earthquake scenario, rolled out by Romanian authorities, estimated a death toll of 4,830 deaths in its fourth day, with 8,000 wounded and approximately 50,000 left homeless.

Bucharest Airport Company Posts RON808M Revenue And RON320M Gross Profit In Jan-Sept 2017

11:42, 30 Oct. 2017
The Bucharest National Airport Company (CNAB) registered total revenue of RON808.6 million in January-September 2017, up 20.1% on the year, and a gross profit of RON320 million, up 34% on the year.

Romania Can Become A Force In Agriculture, Says President Iohannis

12:18, 26 Oct. 2017
Romania can become a force in agriculture, but it needs to make up for delays and eliminate drawbacks, Romanian President Klaus Iohannis said Thursday.

Supreme Court President Demands Clarifications On Justice Laws Amendment Bill

12:13, 26 Oct. 2017
Parliament should send back the justice laws amendments bill to the justice ministry for clarifications on the bill’s legal framework, Romanian High Court of Cassation and Justice President Cristina Tarcea said Thursday.

JLL: Bucharest Attracts 60% of Demand for Logistics and Industrial Space

11:42, 26 Oct. 2017
Demand in Romania's industrial and logistics market reached 456,000 square meters in the first nine months of 2017, close to the level recorded for the whole last year when it totaled 463,000 sqm, property management firm JLL said in a report Thursday.

CFA Romania Analysts Expect Drop in Leu, Rise in Interests As Confidence Drops

11:08, 26 Oct. 2017
The Chartered Financial Analysts Association – Romania (CFA Romania) expects the Romanian leu to weaken and leu interest rates to increase in the next 12 months.

Competition Council Clears Takeover Of Veneto Banca Bucharest Division By Intesa Sanpaolo SpA

17:58, 25 Oct. 2017
Romania’s Competition Council has approved the transaction whereby Intesa Sanpaolo SpA has acquired the banking network held by the Bucharest subsidiary of Veneto Banca SpA Italia Montebelluna.

Judicial Inspection To Be Independent Autonomous Institution Within 6 Months, Says Justice Minister

17:56, 25 Oct. 2017
The Judicial Inspection will be an independent autonomous institution within 6 months, Romanian justice minister Tudorel Toader said Wednesday.

Brexit Calendar No Longer Observed, Says Romanian President Iohannis

17:27, 20 Oct. 2017
The Brexit calendar is no longer observed, as further negotiations are needed in order to reach the next stage in the relation with the UK, Romanian President Klaus Iohannis said Friday after the meeting of the European Council in Brussels.

Romania’s New Ministers Take Oath Of Office

20:33, 17 Oct. 2017
Romania’s new deputy premier and development minister Paul Stanescu, transport minister Felix Stroe and European Union funds minister Marius Nica have taken the oath of office Tuesday evening at Cotroceni Palace, President Klaus Iohannis' residence.

Romania’s Supreme Council For National Defense Approves Participation in EU defense initiative

18:28, 17 Oct. 2017
Romania’s Supreme Council for National Defense approved Tuesday Romania’s participation in the Permanent Structured Cooperation (PESCO), a European Union defense-related initiative.

Eurostat: Four in 10 Romanians at Risk of Poverty or Social Exclusion

18:14, 16 Oct. 2017
Nearly four in ten Romanians (38.8%) were at risk of poverty or social exclusion in 2016, according to a Eurostat report released Monday.

Romanian Ruling Party Leader Denies Tensions Between Him And Prime Minister

18:03, 13 Oct. 2017
Romanian social democrat leader Liviu Dragnea denied Friday the existence of tensions between him and Prime Minister Mihai Tudose, and the prime minister said that any tensions were the result of a lack of dialogue, an issue they have meanwhile solved.

PM, About Minister Ilie’s Position: It Is ALDE’s Choice, He Does Not Work Directly With Brussels

17:50, 13 Oct. 2017
Romanian Prime Minister Mihai Tudose explained Friday why minister Viorel Ilie retained his position within the Cabinet, although ministers Sevil Shhaideh and Rovana Plumb have resigned, and said that it represents the choice of Ilie's party, the Alliance of Liberals and Democrats (ALDE).

Students And Resident Doctors In Iasi Request Education, Health And Transport Ministers To Resign

18:48, 12 Oct. 2017
Students and resident doctors in the Romanian city of Iasi request education minister Liviu Pop, health minister Florian Bodog and transport minister Alexandru Cuc to resign and blame them for the low level of trust Romanian youth have in the state.

ALDE President Tariceanu: We Cannot Agree With Viorel Ilie’s Potential Resignation

18:47, 12 Oct. 2017
Alliance of Liberals and Democrats (ALDE) president and Senate chairman Calin Popescu Tariceanu said Thursday that his party cannot agree with minister for liaison with Parliament Viorel Ilie’s potential resignation, as it already gave him political support.

PM Tudose: We Will Take Final Decisions On Reshuffle Thursday, At The National Executive Committee

19:47, 10 Oct. 2017
Romanian Prime Minister Mihai Tudose said Tuesday after his discussions with social democrat leader Liviu Dragnea that the social democrats will take final decision regarding government reshuffle at the party’s National Executive Committee on Thursday.

Standard & Poor’s Affirms Romania At BBB-/A-3, With Stable Outlook

18:28, 09 Oct. 2017
Standard&Poor's Ratings Services affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania, with stable outlook, the Finance Ministry said in a statement on Monday.

Stoltenberg: Romania’s Multinational Brigade,Only Part Of NATO’s Response To A More Assertive Russia

18:05, 09 Oct. 2017
NATO Secretary General Jens Stoltenberg said Monday that Romania’s Multinational Brigade is only part of NATO’s response to a more assertive Russia and that it sends a clear message from NATO that an attack against an ally, against Romania, will be perceived as an attack against the entire Alliance.

Judicial Inspection Report Shows Only Partial Information, Says Romania’s DNA

19:30, 06 Oct. 2017
Romania’s National Anticorruption Directorate (DNA) said Friday that the Judicial Inspection’s report regarding the Directorate’s activities presented only partial and out-of-context information that might create false impressions.

Justice Laws Amendment Bill Must Be Assessed Only After It Meets Its Final Form, Says Minister

17:17, 06 Oct. 2017
Romanian Justice Minister Tudorel Toader said Friday that those who expressed disapproval on the justice laws amendment bill must wait until bill meets its final form before assessing it, as the piece of legislation might undergo modifications.

Romanian Unionists Say Government Conditions Wage Law To Social Contributions Transfer

17:16, 06 Oct. 2017
Romanian unionists said Friday in the aftermath of negotiations with the government that the government refused to renounce the initiative to transfer social contributions from employer to employee and even conditioned the wage law to this bill.

Romanian Government Gives Emergency Decree For Setting Up Nationwide Mobile Alert System

20:28, 05 Oct. 2017
The Romanian government has given Thursday an emergency decree for setting up the Ro-Alert system, a nationwide mobile alert system to notify the population on extreme weather phenomena and other immediate dangers.

Romanian President Meets Monday With NATO Secretary General To Discuss 2018 NATO Summit

18:34, 05 Oct. 2017
Romanian President Klaus Iohannis will meet Monday in Bucharest NATO Secretary General Jens Stoltenberg to discuss the 2018 NATO Summit and other topics related to the organization.

Romania’s Lower Chamber Defense Committee Meets Dutch Ambassador In Bucharest

19:37, 03 Oct. 2017
Romanian officials from the Lower Chamber Defense Committee met Tuesday with Dutch Ambassador in Bucharest Stella Ronner-Grubacic and discussed bilateral collaboration within NATO, the acquisition of multifunctional corvettes and the Cooperation and Verification Mechanism.

Chief Anticorruption Prosecutor Must Go In Front Of Inquiry Committee, Says Constitutional Court

19:36, 03 Oct. 2017
Romania’s Constitutional Court has voted Tuesday that Chief Prosecutor at the National Anticorruption Directorate Laura Codruta Kovesi must go in front of the 2009 elections inquiry committee and provide the committe with all necessary information regarding its investigation.

Isarescu: Interbank Rates Grew Suddenly on Better Than Expected Tax Collection

17:09, 03 Oct. 2017
Improved tax collection contributed to the sudden rise in interbank interest rates, central bank governor Mugur Isarescu said Tuesday at a press briefing following the central bank's monetary policy meeting.

The Justice System Cannot Undergo Reform Against Itself, Says Romanian President

21:08, 29 Sept. 2017
Romanian President Klaus Iohannis said Friday in Tallinn that representatives of the justice system have to rediscuss the justice laws amendment bill and that the justice system cannot undergo a reform against itself.

President’s Opinion On Justice Laws Amendment Bill Is Unjust, Says Romanian Ruling Party Leader

21:07, 29 Sept. 2017
Romanian ruling party leader Liviu Dragnea said Friday that he considers President Klaus Iohannis’ opinion that the justice laws amendment bill should be rejected to be unjust and that Parliament will continue to debate on the issue.

Ukraine Suggests Romanian Ethnics In Grades 1 To 4 Have 80% Of Curriculum In Mother Tongue

17:45, 28 Sept. 2017
Ukrainian representatives suggested that Romanian ethnics in grades 1 to 4 had 80 percent of their curriculum in their mother tongue, with the percentage gradually decreasing towards grade 12, in which case Romanian ethnics would have between 20 and 30 percent of their curriculum in Romanian.

Belina Case Is An Attack Aimed At Destabilizing The State Of Law, Says Romanian Minister

17:30, 28 Sept. 2017
Romanian Minister in Charge of European Funds Rovana Plumb said Thursday that the Belina corruption case in which she is allegedly involved is an attack aimed at destabilizing the state of law and the constitutional order.