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Romania Inflation Rate Flat at 3.3% in January

10:17, 13 Feb. 2019

Romania's annual inflation rate stood at 3.3% in January, the same as in December 2018, data from the country's statistics board showed Wednesday.

Vasilescu Withdraws Candidacy For Development Office Following President Refusals

20:36, 12 Feb. 2019

Former Labor Minister Lia Olguta Vasilescu announced on Tuesday evening that she withdrew her candidacies for the roles of regional development minister and deputy prime minister, after her bid was rejected several times by President Klaus Iohannis.

President Accuses Ruling Party Of Populism Regarding 2019 Budget

19:50, 12 Feb. 2019

Romanian President Klaus Iohannis accused the country’s ruling Social Democrat Party (PSD) resorted to populism after its MPs voted to pass an amendment in parliamentary committees which cuts the Romanian Intelligence Service’s share of the 2019 budget.

Parliament Committees Approve 2019 Education Ministry Budget On A 46.7% Yearly Increase

19:08, 12 Feb. 2019

The Romanian Parliament’s combined budget-finances committees gave a positive review on Tuesday for the Education Ministry’s proposed 2019 budget, worth RON30.6 billion, a 46.7% increase from 2018.

Rieker Closes Shoe Factory In Lugoj, About 700 Employees To Be Laid Off

18:26, 12 Feb. 2019

Approximately 700 employees of the Rieker footwear factory in Lugoj, Timis county will be laid off after the factory will close this spring, the Timis Territorial Labor Inspectorate (ITM) announced on Tuesday.

New Fake Doctor Case Discovered At Ilfov County Public Hospital

17:55, 12 Feb. 2019

A woman who worked 10 years for the Ilfov Emergency Hospital was found to have falsified her medical degree, Health Minister Sorina Pintea announced on Tuesday, after newspaper Libertatea published a report on the matter one week after it also broke the news on a fake Italian plastic surgeon.

Romanian Foreign Affairs Minister: Nuclear Arms In Post-INF Europe Would Be An “Inadequate Reaction”

17:03, 12 Feb. 2019

Romanian Foreign Affairs Minister Teodor Melescanu said that Romania is “very concerned” with the announced US withdrawal from the INF treaty and warned that stationing nuclear weapons in Europe would be an “inadequate response”, in an interview for German newspaper Die Welt.

Flu Epidemic Death Toll Reaches 109

15:00, 12 Feb. 2019

Two more people were confirmed on Tuesday to have died because of influenza, raising the death toll of Romania’s current flu epidemic to 109.

Isarescu Says Bank Tax Is an Attack on Central Bank Independence

13:31, 12 Feb. 2019

Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy.

Four Counties Under Code Orange Snowfall Alert

13:30, 12 Feb. 2019

Romania’s National Meteorological Administration (ANM) issued a code orange warning of snowfall for four counties, while eleven counties in the country’s south will be under the effect of a code yellow warning for strong winds.

Central Bank Governor Tells Senators How ROBOR Index Works

12:19, 12 Feb. 2019

The money market interest rate known as ROBOR was not manipulated, central bank governor Mugur Isarescu told members of the Senate's budge and finance committees at a hearing Tuesday.

SRI Parliamentary Committee Approves 2019 Budget, No Debate On Dragnea Amendments

19:02, 11 Feb. 2019

Romania's combined parliamentary control committee over the Romanian Intelligence Service (SRI) decided on Monday to approve the yearly budget proposed by the Government for the institution, without debating cuts proposed by Lower Chamber Chairman Liviu Dragnea.

Central Bank Governor: Separation Of Bank Assetts Tax From ROBOR Index Is Intended

18:15, 11 Feb. 2019

National Bank of Romania (BNR) Governor Mugur Isarescu said on Monday that the country's current political power intends to separate the tax on bank assets from Romanian Interbank Offer Rate (ROBOR) index rates, on which it currently depends.

Mountain Areas In Twenty-Four Counties Under Yellow Code Warning For Snowfall

17:11, 11 Feb. 2019

Romania’s National Meteorological Administration (ANM) issued on Monday a code yellow warning for heavy snowfall and snowstorms for mountain areas in 24 counties, starting with Monday night.

Ruling Party: European Commission Should Clarify How It Gathers CVM Report Data

15:12, 11 Feb. 2019

Romania’s ruling Social Democrat Party (PSD) requested the European Commission on Monday to clarify the manner in which it obtains the data used to prepare its yearly Cooperation and Verification Mechanism (CVM) reports for the country.

Romanian EU Council Presidency Given Negotiating Mandate For Gas Directive

20:12, 08 Feb. 2019

Romania’s EU Council presidency obtained a mandate to launch negotiations to amend the Natural Gas Directive, with the initiative largely supported by member-states, according to the Romanian Government.

Finance Minister: No Cuts For Local Administration In 2019 Budget

19:13, 08 Feb. 2019

Romanian Finance Minister Eugen Teodorovici said that the 2019 budget, approved by the Government on Friday, does not reduce local administration budgets, but admitted that Government must continue talks with all of its administrative structures on the topic.

Businessman Sentenced In Constanta Beach Retrocession Case Possibly Fled Country

18:42, 08 Feb. 2019

Romanian businessman Dragos Savulescu, sentenced to prison in the same case with former Constanta Mayor Radu Mazare and football investor Cristian Borcea on Thursday, was not found by the police as of Friday evening, with reports suggesting that he left the country, judicial sources told MEDIAFAX.

Government: Workers To Have Easier Access To Additional Pensions

17:39, 08 Feb. 2019

Romania’s Government will pass during Friday’s cabinet meeting a bill which streamlines the process of gaining and keeping the right to additional pensions for retiring workers, according to Prime Minister Viorica Dancila.

Flu Epidemic: Death Toll Reaches 95

17:11, 08 Feb. 2019

Two more people died from flu on Thursday, according to Romania’s National Public Health Institute (INSP), bringing the current epidemic’s death toll to 95.

Romanian Government Adopts 2019 Budget, Targets Deficit at 2.55% of GDP

17:10, 08 Feb. 2019

Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly optimistic, and targeting a deficit of 2.55% of gross domestic product.

Romania Recognizes Juan Guaido As Interim President Of Venezuela

16:45, 08 Feb. 2019

Romanian President Klaus Iohannis decided on Friday to recognize Juan Guaido as interim president of Venezuela, in the context of the current political crisis unfolding in the South American country.

Former Constanta Mayor, Football Investor Sentenced To Prison For Illegal Public Lands Scheme

15:47, 08 Feb. 2019

Romania’s Supreme Court decided on Thursday night to sentence former Constanta Mayor Radu Mazare to nine years in prison, football investor Cristian Borcea to five years in prison and several others in a case regarding illegal beach retrocessions, in a final decision.

Prime Minister: We Will Discuss President’s Refusal To Appoint Minister In The Ruling Coalition

15:13, 08 Feb. 2019

Romanian Prime Minister Viorica Dancila announced on Thursday that the country’s ruling PSD-ALDE coalition will meet to decide on what actions it will take regarding President Klaus Iohannis’ repeated refusals to appoint Lia Olguta Vasilescu as regional development minister.

Prime Minister: Government To Pass 2019 Budget, 45% More Funds Allotted For Investments

14:04, 08 Feb. 2019

Romanian Prime Minister Viorica Dancila announced at the beginning of Friday’s cabinet meeting that the Government will pass the country’s 2019 budget, which is built on a 2.5% target GDP deficit.

Romanian Central Bank Admits Intervention to Curb Currency Fall

18:34, 07 Feb. 2019

Romania's central bank intervened in the second half of January to curb the rapid depreciation of the Romanian leu to the euro, central bank governor Mugur Isarescu said Thursday.

2019 Budget Not Featured On Friday’s Cabinet Meeting Agenda

18:34, 07 Feb. 2019

Romania’s Government published on Thursday afternoon the agenda for Friday’s cabinet meeting, which does not include the 2019 budget project, despite assurances from PM Viorica Dancila on Wednesday that there is “no danger” for the act to be delayed again.

Prison Workers Unions Request Better Work Conditions In Bucharest Protest

18:16, 07 Feb. 2019

Several hundred members of prison workers unions organized a protest at the headquarters of Romania’s interior and justice ministries in Bucharest on Thursday morning, demanding pay raises and better work conditions.

Three More Die As Flu Epidemic Death Toll Hits 92

17:28, 07 Feb. 2019

The death toll of Romania’s ongoing flu epidemic hit 92 on Thursday, after three more men were announced to have succumbed to the vrus.

Rejected Cabinet Nominee Announces Criminal Complaint Against President

14:54, 07 Feb. 2019

Former Labor Minister Lia Olguta Vasilescu announced on Thursday that she will file a criminal complaint against Romanian President Klaus Iohannis for abuse of office, after the president decided to reject her nomination for regional development minister.

C&W Echinox: Land Transactions in Bucharest Hit New Record in 2018

14:31, 07 Feb. 2019

Developers and real estate investors completed land acquisitions with a cumulative value of around EUR245 million last year in Bucharest, a new record for the past ten years, real estate consultancy firm Cushman & Wakefield Echinox.

President Rejects Proposal For New Development Minister, Asks For Different Candidate

13:59, 07 Feb. 2019

Romanian President Klaus Iohannis again rejected the Government’s proposal for the office of regional development minister, Lia Olguta Vasilescu, on Thursday, and requested the prime minister to propose a different candidate for the office.

Black Sea Oil & Gas Moves Forward With $400M Midia Gas Project

12:44, 07 Feb. 2019

Black Sea Oil & Gas , owned by by Carlyle International Energy Partners and EBRD, said Thursday it has decided to move forward with the Black Sea offshore Midia Gas Development project, a $400 million investment.

Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year

12:42, 07 Feb. 2019

Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% at its first monetary policy meeting this year, the bank said in a statement.

Firefighters Extinguish Alba Iulia Spices Factory Fire After Five Days

20:13, 06 Feb. 2019

Romanian firefighters ended one of their most difficult interventions in recent history on Wednesday, as a fire which started last Saturday at a spice factory in Alba Iulia was entirely put out five days after it began.

Justice Ministry Proposal: Damages Paid For Inmates Who Did Not Receive Sentence Compensation

20:10, 06 Feb. 2019

Romania’s Justice Ministry is considering the option of paying damages for inmates who did not benefit from sentence compensation for convictions served in below-par prisons, calculated per number of reduced sentence days which were not granted, according to a draft bill obtained by MEDIAFAX.