Romania will contract a loan of EUR60 million from the International Bank for Reconstruction and Development (IBRD) to finance a project aimed at enhancing legal services, according to a bill ratifying the agreement, which was adopted by the government on Wednesday.
EximBank and Agricover Credit are extending, for two years, a loan agreement worth RON100 million, which was concluded in 2015 to ensure the resources needed to develop new financial products and services for farmers, according to a statement released on Wednesday.
According to EY EMEIA Fraud Survey, 51% of respondents across Europe, the Middle East, India and Africa (EMEIA), still perceive that corrupt practices happen widely in business in their country despite sporadic progress in tackling bribery and corruption.
Retail space market will increase by 180,000 square meters in Romania in 2017, while most of the projects will be strip mall-type projects that will be delivered in secondary and tertiary cities, such as Prima Shops Oradea, according to real estate consulting company Colliers International.
Romania posted the fourth highest annual growth in retail trade in the European Union in February 2017, of 7.5%, overtaken by Slovenia (16.8%) and Luxembourg (12.9%), Eurostat data showed Tuesday.
Libra Internet Bank reported a record net profit of RON32.5 million in 2016, while its net assets doubled in the last two years, to RON3.39 billion, the bank said in a statement Tuesday.
Romania has more than a third of vineyard holdings in the European Union, namely 855,000 holdings, or 36% of EU total, but the average area per holding stood at only 0.2 hectares in 2015, according to Eurostat.
Mid-2016 statistics place Romania first in the European Union regarding the number of fast internet connections, of at least 100Mbps, Romania’s telecom market regulator ANCOM said in a statement on Tuesday.
Romania registered one of the lowest unemployment rates, of 5.4%, in February 2017, with the Czech Republic seeing the lowest rate, of 3.4%, and Greece seeing the biggest rate, of 23.1%, according to a report released on Monday by Eurostat, the statistical office of the European Union.
Pork prices in Romania will rise, on average, by 15-30%, starting April, mainly due to an increase in pork exports to Asian countries, mainly to China, Japan and Hong Kong, in 2016, the Romanian Meat Association (ARC) said in a statement on Monday.
Romania’s energy watchdog ANRE approved Thursday the regulated prices for the 38 natural gas suppliers operating on the local market, while natural gas prices for household consumers will increase by 2% as of April 1.
Romanians should buy products made in Romania to support the local economy, Nini Sapunaru, head of Agrointeligenta association, told a MEDIAFAX conference about Romanian producers in food industry on Thursday.
Michelin group will invest EUR60 million in the metallic cord plant Michelin Zalau Cord in Zalau town, northwestern Romania, thus creating 140 jobs and increasing production capacity by 50%, to 60,000 tons of metallic cord per year by 2019, the company said in a statement Wednesday.
Only two in ten internet users in Romania (18%) shopped online in 2016, the lowest share in the EU, while the average stands at 66%, according to the data from marketing agency Perceptum.
Smart Bill, Romanian provider of billing and management accounting solutions, reported a turnover of over EUR1 million in 2016, one year after the investments from Catalyst Romania and Gecad Group.
Romania's Democratic Liberal Party (PDL) on Thursday filed three challenges with the Constitutional Court against amendments to the ordinances on the referendum and on the duties of the Court, and against a law whereby a referendum's voting schedule is set through a government decision.
Romanian President Traian Basescu has been suspended by Parliament with 258 votes in favor, more than the necessary 217 votes. A referendum on whether or not to impeach Basescu will be held on July 29.
Romania's Government has issued an emergency ordinance amending the referendum law to provide that the President may be impeached with the votes of the majority of participants in the ballot, people close to the matter told MEDIAFAX.
Romania's National Council of Degree and Diploma Certification (CNATDCU) decided Friday that Prime Minister Victor Ponta plagiarized his PhD thesis, and asked the Education Ministry to withdraw his doctorate degree.
Romanian Democratic Liberal Party (PDL) president Emil Boc and the rest of the party's leadership resigned Thursday, and a meeting will be held Sunday to prepare an extraordinary national party convention.
Romania's Parliament on Tuesday adopted a declaration by ruling alliance USL, which says the Prime Minister will represent Romania in the European Council on June 28.
Romania's Government will cooperate with the British Royal Family, specifically with Prince Charles' representatives, to promote tourism in the Carpathian Mountains, minister Eduard Hellvig announced Friday.
The Romanian Government decision establishing a Hungarian teaching division in the University of Medicine in Targu Mures was suspended Friday by a ruling of the Targu Mures Court of Appeals, which admitted a request filed by the university's management.
Romania's outgoing Cabinet wants to allot more than 33.6 million lei (EUR7.6 million) from the budget reserve fund to build and repair churches, arguing that they were damaged by last winter's snowfall.
Romania's Government will declare April 30, 2012 a non-working day for the public sector, to be recouped in a Saturday in May, so that the May Day vacation might be longer, Prime Minister Mihai Razvan Ungureanu said Sunday.
Mediafax.ro, one of the top Romanian news websites, is now available as an iPad application, allowing more dynamic delivery of exclusive, quick and unbiased content to its readers, says a press release.
Romanian meteorologists have issued a code yellow advisory for rain, sleet, snow and strong winds for 20 counties, valid starting Sunday at 6 p.m. until Monday at 3 p.m.
Romanian Prime Minister Mihai Razvan Ungureanu has confirmed that Environment Minister Laszlo Borbely handed in his resignation Thursday, and announced he will take over the ministry in an acting capacity until a replacement is appointed.
Romanian Prime Minister Mihai Razvan Ungureanu will propose the signing by the Parliament of a political declaration on the application of the 2012-2015 National Anticorruption Strategy, which simplifies the procedure to lift MP immunity.
Romania's Health Ministry has put forward for public debate a draft Government decision, which restricts the prescription of three drugs, and a draft order changing the duration of hospitalization for all illnesses.
Romania's Government will allot around 100 million lei (EUR23 million) for the local elections this year, one third more than for the previous elections four years ago, people close to the matter told MEDIAFAX.
The Bucharest Court of Appeals has annulled the conviction of businessman Dinel Nutu, formerly known as Staicu, in the case of the fraud at the International Bank of Religions (BIR).
The opposition Social-Liberal Union (USL) agrees that Romania should sign and ratify the European Union fiscal stability treaty, and its MPs will attend the related Parliament discussions, social democrat leader Victor Ponta said Monday.
Romania will participate in NATO's Allied Ground Surveillance (AGS) system, along with 12 other member states, with a contribution of EUR25.28 million or 2% of the total cost, the Foreign Ministry informs.
Romania's opposition Social Democratic Party and Liberal Party on Thursday filed a notice with the Constitutional Court, arguing that the Ungureanu Cabinet has been endorsed by the Parliament without following procedure.