Editorial»

MH17: A global tragedy

July 22nd, 2014 at 9:00 PM
Last Thursday, 17 July 2014, as evening was coming, a Boeing-777 belonging to the Malaysian airline (flight MH17) was destroyed by an AA missile near Donetsk, in Eastern Ukraine,...

Business»

IMF experts – Finance Ministry officials, talks about budget rectification

IMF experts – Finance Ministry officials, talks about budget rectification

July 22nd, 2014 at 9:00 PM
The budget execution data for Q1 2014 to be published on July 25. A team of International Monetary Fund (IMF) experts on Tuesday was set to discuss this year’s first budget...

Politics»

PNL and PDL form  the Christian Liberal Alliance

PNL and PDL form the Christian Liberal Alliance

July 22nd, 2014 at 9:00 PM
Its Presidential candidate will be announced on August 5. The Christian Liberal Alliance. This will be the name under which PNL and PDL will operate until the party resulting...

Social»

Class of 2014 graduates from  the Academy of Land Army in Sibiu

Class of 2014 graduates from the Academy of Land Army in Sibiu

July 22nd, 2014 at 9:00 PM
The ceremony of rank promotion to under-lieutenant of the graduates of the class of 2014 of the Academy of Land Army in Sibiu took place yesterday. There are 1,400 graduates...

World»

Gaza crisis: UN calls for ceasefire  as deaths pass 500

Gaza crisis: UN calls for ceasefire as deaths pass 500

July 21st, 2014 at 9:00 PM
Israeli soldiers of the 155mm self-propelled howitzer unit fire towards the Gaza Strip from their position in southern Israel near the border with Gaza. Thirteen Israeli soldiers...

Recent Articles

Class of 2014 graduates from the Academy of Land Army in Sibiu

The ceremony of rank promotion to under-lieutenant of the graduates of the class of 2014 of the Academy of Land Army in Sibiu took place yesterday. There are 1,400 graduates of military schools country-wide. Present at the ceremony, Prime Minister Victor Ponta said that all the graduates of military schools are employed from “day one” [...]

PNL and PDL form the Christian Liberal Alliance

Its Presidential candidate will be announced on August 5. The Christian Liberal Alliance. This will be the name under which PNL and PDL will operate until the party resulting from their merger will go through all legal stages. The announcement was made yesterday by the leaders of PDL and PNL, and the final decision will [...]

IMF experts – Finance Ministry officials, talks about budget rectification

The budget execution data for Q1 2014 to be published on July 25. A team of International Monetary Fund (IMF) experts on Tuesday was set to discuss this year’s first budget rectification at the headquarters of the Ministry of Public Finances (MFP), official sources told Agerpres. The IMF experts arrived in Bucharest on Monday, and [...]

Garanti Bank shows positive outlook for Romania’s economy

The GDP’s annual growth rate revised to 2.9 pc. Garanti Bank Romania, one of the most important players on the local market, revised the Gross Domestic Product (GDP) growth expectations for 2014 from 2.6 percent to 2.9 percent in its latest Quarterly Macroeconomic Report, corresponding to Q2 2014, a press release informs. This is due [...]

Rus’s target: All Ministry of Transports companies to turn profit

Minister of Transports Ioan Rus aims to make all companies under the institution turn profit, adding that he has business experience and his education in this area is German. “My target is to make all companies under the Ministry of Transports make profit, considering that most of them have incurred losses, a situation which is [...]

ASF: Pension funds should increase their direct investments

“The Financial Supervisory Authority (ASF) plans to revise the investment policy of pension funds, in order to create the framework for directing more important parts of the portfolios to direct investments in the economy (in the sense of raising the proportion of financial instruments, such as listed shares and corporate bonds),” the institution announced. According [...]

Gov’t debt, half the EU average in Q1 2014

Romania’s governmental debt was at the end of the first quarter of this year RON 247,921 million, or 39 percent of the GDP, half of the average 88 percent of the GDP reported within the European Union (EU-28) and the figure of 93.9 percent from the Euro Area, according to a report published on Tuesday [...]

Banking giant HSBC comes to Romania

The UK giant Global Asset Management with assets in amount of EUR 300 billion in management registered at the Financial Supervisory Authority to commence its operations on the local market being granted the approval to manage investment portfolios, reports zf.ro. HSBC is the first asset-management giant joining the local market since the US fund Franklin [...]

Over 11,000 guarantees through “First House” granted in six months

The National Fund for Credit Guarantees for SMBs has granted more than 1,100 guarantees within the programme “First House” over the first six months of the year, almost 30 percent of which were for beneficiaries in Bucharest (3,036) whereas the least applications were in the counties of Calarasi, Ialomita and Giurgiu, 33 in each. A [...]

ReneSola to sell its plants from Romania

ReneSola Ltd., a Chinese solar panel manufacturer, agreed to sell Hong Kong-based China Seven Star Holdings Ltd. (245) at least 200 megawatts of solar power projects through the end of 2015, Bloomberg informs, quoted by Mediafax. ReneSola will sell existing and new projects, including four in Bulgaria and Romania, under a preliminary agreement, the Jiashan, [...]