Editorial»

Surprising resemblances

January 30th, 2015 at 9:00 PM
Nuri Bilge Ceylan is one of the most spoiled directors of the Cannes Film Festival. In less than a decade, he won an Award for Best Director, two Grand Prix and, at the latest...

Business»

Fondul Proprietatea reduces share capital after cancelling 252,858,056 shares

Fondul Proprietatea reduces share capital after cancelling 252,858,056 shares

January 30th, 2015 at 9:00 PM
The Financial Supervisory Authority (ASF) has approved the reduction in the subscribed share capital of the Fondul Proprietatea -Proprietatea Fund (FP) to 11.575 billion...

Politics»

Social Democrats meet in Sinaia to prepare the  PSD National Council

Social Democrats meet in Sinaia to prepare the PSD National Council

January 30th, 2015 at 9:00 PM
Social Democrats meet on Friday and Saturday in Sinaia for the National Executive Committee convention, with talks on the political situation and the priorities of the Government...

Social»

200 million euro loan from IBRD for education system

200 million euro loan from IBRD for education system

January 29th, 2015 at 9:00 PM
The government has approved, on Wednesday, the contracting from the International Bank for Reconstruction and Development (IBRD) of a loan worth 200 million euros for the...

World»

Romanian FM qualifies the attack in Mariupol as a test for the international community, says the EU’s firm response is needed

Romanian FM qualifies the attack in Mariupol as a test for the international community, says the EU’s firm response is needed

January 30th, 2015 at 9:00 PM
Romanian Foreign Affairs Minister Bogdan Aurescu qualified the attack of Mariupol as a test for the international community, also probing the response of the European Union,...

Recent Articles

Four Romanian MEPs nominated for “The Parliament Magazine” annual awards, PM Ponta congratulates them

Prime Minister Victor Ponta congratulated on Friday the Romanian members of the European Parliament nominated for the annual prize awarded by ‘The Parliament Magazine.’ Social Democrats Daciana Sarbu, Viorica Dancila, Victor Negrescu and Liberal Adina Valean were nominated respectively for the MEP Awards categories Health, Agriculture, Digital Agenda and Energy.’ ‘The health, agriculture and digital [...]

Fondul Proprietatea reduces share capital after cancelling 252,858,056 shares

The Financial Supervisory Authority (ASF) has approved the reduction in the subscribed share capital of the Fondul Proprietatea -Proprietatea Fund (FP) to 11.575 billion lei (1 euro = 4.4585 lei), due to the cancellation of a number of shares acquired by the FP in the third redeeming programme run in 2014. According to a press [...]

Romanian banking system loses 3.584 billion lei in 11 months of 2014

Romania’s banking system ended 11 months of 2014 with losses of 3.584 billion lei, in line with the IFRS standards, according to a presentation by Romania’s Central Bank (BNR) Governor Mugur Isarescu, held on Friday in the context of the problems generated by the Swiss franc’s appreciation. (1 euro = aprox. 4.45 RON) ‘The effort to [...]

President Iohannis congratulates the Romanian-German Chamber of Commerce, hails Germany as Romania’s main trade partner

President Klaus Iohannis asserted on Thursday that roughly 20 percent of Romania’s foreign trade is carried out with Germany, ‘an authentic European model’ in terms of innovation, a release of the Presidential Administration informed Agerpres  on Friday. The President delivered a message on the New Year reception of the Romanian-German Chamber of Commerce and Industry, [...]

BNR warns: Conversion of the Swiss Franc credits at the historical rate would generate 5.7 billion lei in losses

A conversion of the Swiss Francs credits into the Romanian currency (lei)  at the historical rate would generate 5.7 billion lei in losses (0.8 pct of the Gross Domestic Product), and the conversion of all credits in foreign currency (Francs plus Euros) at the historical rate of the moment they were granted, would generate 9.8 [...]

1100 delegates expected at the first National Council of the new PNL to adopt merger criteria, political roadmap until 2017

Not only the Social Democrats have a busy political weekend, but also the Liberals. The National Council of the new National Liberal Party (PNL) will meet on Saturday at the Palace of Parliament to discuss, according to the party statutes, the political roadmap of the formation over the period January 2015 – January 2017. A [...]

Social Democrats meet in Sinaia to prepare the PSD National Council

Social Democrats meet on Friday and Saturday in Sinaia for the National Executive Committee convention, with talks on the political situation and the priorities of the Government on agenda. In the same days there will take place the parliamentary group meetings from the Chamber of Deputies and the Senate and the meeting of the Social [...]

Blaga denies becoming SRI leader, would accept Senate presidency

National Liberal Party (PNL) Co-President Vasile Blaga declared on Wednesday evening for the show “Power Games” at Realitatea TV that his appointment as head of SRI was never discussed, mentioning that this was Klaus Iohannis’ prerogative, and the President has to decide who would be the manager of SRI. Nonetheless, Vasile Blaga pointed out that [...]

PNL’s Predoiu announces criteria to stay at the foundation of his future “Snow White” Cabinet: integrity and professionalism

The National Liberal Party (PNL)’s Prime Vice Chairman, Catalin Predoiu said on Thursday night, at Realitatea TV station that there is no list of a government which is to be headed by him in case the Liberals will take power. ‘Different variants, various formulas, have occurred for several times in the media. At the same [...]

Interview with Energy Minister Andrei Gerea: Energy independence yet to be secured for Romania (II)

* Coal is and will remain one of the main sources of electricity  *In 2014 Romania exported almost four times as much energy as it exported in 2013 *  The 400-kV line between Romania and Serbia will be completed this year   Can you forecast a positive outlook for energy obtained from locally-produced coal?   [...]