Editorial»

Davos on Twitter (I)

January 28th, 2015 at 9:00 PM
World top personalities in a variety of fields have been regularly meeting at Davos, Switzerland, for some years now. This year, the meeting held in the Alps locality –...

Business»

Black market for cigarettes estimated at 15.9 pct in 2014, 13.7 up from 2013

Black market for cigarettes estimated at 15.9 pct in 2014, 13.7 up from 2013

January 29th, 2015 at 9:00 PM
The black market for cigarettes accounted for an average level of 15.9 per cent of the national cigarette market in 2014, up 13.7 per cent from 2013, according to the latest...

Politics»

Consultations between President and the parliamentary parties on the legislative priorities

Consultations between President and the parliamentary parties on the legislative priorities

January 28th, 2015 at 9:00 PM
Consultations between President Klaus Iohannis and the parliamentary parties on the legislative priorities opened on Wednesday at the Cotroceni Palace with the delegation...

Social»

FM Bogdan Aurescu: Romania remains firmly engaged in international cooperation for remembrance and study of Holocaust

FM Bogdan Aurescu: Romania remains firmly engaged in international cooperation for remembrance and study of Holocaust

January 28th, 2015 at 9:00 PM
Romania will remain firmly engaged in international cooperation meant for spreading education about the Holocaust, and also for the remembrance and study of this great tragedy,...

World»

Commissioner Corina Cretu meets Romanian Minister of European Funds, says financial instruments represent the future of cohesion funds

Commissioner Corina Cretu meets Romanian Minister of European Funds, says financial instruments represent the future of cohesion funds

January 28th, 2015 at 9:00 PM
The European Commissioner for Regional Policies Corina Cretu highlighted the importance of using financial instruments in implementing regional development policy, in a meeting...

Recent Articles

Black market for cigarettes estimated at 15.9 pct in 2014, 13.7 up from 2013

The black market for cigarettes accounted for an average level of 15.9 per cent of the national cigarette market in 2014, up 13.7 per cent from 2013, according to the latest data the Novel Research (market research company). The percentage, of 15,9 per cent, represents the highest average level recorded since 2011 up to now [...]

Tax evasion of EUR 3 M in pharma sector

Over 60 police raids took place yesterday morning in Bucharest and in six counties (Ilfov, Buzau, Iasi, Ialomita, Arges and Olt), targeting company headquarters and people suspected of tax evasion and money laundering in the trade with pharmaceutical drugs for serious illnesses, the Romanian Police informs. The raids targeted 20 companies specializing in the storing [...]

Swiss franc loans crisis: Banking Association President opposes any regulation from outside the system

* Radu Ghetea: Loans’ RON-conversion could be unconstitutional The conversion of loans into RON-denominated loans through a law could create an imbalance and be unconstitutional irrespective of the foreign currency they are converted from, Romanian Banking Association (ARB) and CEC Bank President Radu Gratian Gherea stated on Wednesday at a special conference. “In what concerns [...]

Romania asks ECOFIN for a 4-year span re-assessment of MTO calendar

The Minister of Public Finances, Darius Valcov has announced on Wednesday that he has asked for a re-assessment of the Medium Term Objective (MTO) calendar on a 4-year span to the ECOFIN reunion. ‘I’ve asked, on Romania’s behalf for a re-assessment of the MTO calendar on four years period and I wish to have a [...]

European Commission publishes CVM report on Romania , EC Vice President Frans Timmermans says Bucharest is on the right track

The European Commission published on Wednesday its Cooperation and Verification Mechanism (CVM) report on Romania, EC First Vice President Frans Timmermans pointing out that Bucharest is on the right track. The report outlines the progress made by Romania, pointing out that the consensus on reforms has to be maintained. “Romania is on the right track [...]

Consultations between President and the parliamentary parties on the legislative priorities

Consultations between President Klaus Iohannis and the parliamentary parties on the legislative priorities opened on Wednesday at the Cotroceni Palace with the delegation of the ruling Social Democrat Party (PSD). PSD was represented by its chair, Prime Minister Victor Ponta, its executive president Liviu Dragnea, the Chamber of Deputies Chair Valeriu Zgonea and Senator Ioan [...]

President Iohannis starts new series of consultations with the parliamentary parties on legislative priorities

President Klaus Iohannis has started a new series of political consultations with the parliamentary parties. The first one took place on January 12 and concluded with a consensus of the whole political spectrum on increasing the defence budget.”Today will be devoted to consultations on the legislative priorities of the next parliamentary session, during which political [...]

Questions and reactions following George Maior’s resignation as head of SRI, possible successors

The chief of the Romanian Intelligence Service (SRI) , George Maior, on Tuesday tendered his resignation to President Klaus Iohannis, according to an announcement made by the Presidential Administration. The President accepted it. Maior’s resignation took the political stage and commentators by surprise, all the more so as, in his vast interview granted to B1 [...]

“Gruber’s Journey” opens the Holocaust Film festival

‘Calatoria lui Gruber’ (Gruber’s Journey), a film directed by Radu Gabrea opened the first edition of the Holocaust Film Festival at the Museum of Romanian Peasant (MTR) on Tuesday night. Alexandru Florian, the manager of the Elie Wiesel National Institute for the Study of Holocaust in Romania (INSHR – EW), announced three days ‘full of [...]

TAROM to operate direct Bucharest – Valencia flights

TAROM will operate, from June 19 to September 28, 2015, direct Bucharest – Valencia flights, with prices from 143 euros per return ticket, the airline informed on Tuesday. The flights will be twice per week and will be operated by Airbus aircraft on Fridays and Sundays, with takeoff from Bucharest at 9:00 pm and landing [...]