Editorial»

FinMin Valcov says the Romanian economy will grow by over 3 percent in 2015

FinMin Valcov says the Romanian economy will grow by over 3 percent in 2015

December 19th, 2014 at 9:00 PM
Minister of Public Finance Darius Valcov considers the Romanian economy will grow next year by over 3 percent and that budget collections will be above the amount projected...

Business»

Goals of BNR Board of Directors:  Adopting the Euro and joining the European Banking Union

Goals of BNR Board of Directors: Adopting the Euro and joining the European Banking Union

December 19th, 2014 at 9:00 PM
The National Bank of Romania (BNR) is closing the year with a new Board of Directors (CA), appointed last summer by the Romanian Parliament, a Board that will be chaired...

Politics»

Budget bill for 2015 voted article by article by Parliament

Budget bill for 2015 voted article by article by Parliament

December 19th, 2014 at 9:00 PM
The joint plenary sitting of the Parliament on Friday voted article by article on the 2015 draft budget law. Almost all 56  articles were adopted in the form proposed by...

Social»

Municipality of Bucharest organizes the New Year’s Eve Party in the Constitution Square

Municipality of Bucharest organizes the New Year’s Eve Party in the Constitution Square

December 19th, 2014 at 9:00 PM
The municipality of Bucharest has decided to organise the New Year’s Eve Party in the Constitution Square, downtown, Mayor Sorin Oprescu made an announcement on Friday. “We...

World»

MAE hails resuming of U.S.-Cuban diplomatic relations

MAE hails resuming of U.S.-Cuban diplomatic relations

December 19th, 2014 at 9:00 PM
The Romanian Ministry of Foreign Affairs  (MAE) hails the announcement made by the United States of America and the Republic of Cuba on resuming the diplomatic relations...

Recent Articles

Municipality of Bucharest organizes the New Year’s Eve Party in the Constitution Square

The municipality of Bucharest has decided to organise the New Year’s Eve Party in the Constitution Square, downtown, Mayor Sorin Oprescu made an announcement on Friday. “We want that this celebration of the New Year’s Eve in the Constitution Square to be, the same as in every year, full of surprises for the people. We [...]

Budget bill for 2015 voted article by article by Parliament

The joint plenary sitting of the Parliament on Friday voted article by article on the 2015 draft budget law. Almost all 56  articles were adopted in the form proposed by the Government, with the most important amendment having to do with the introduction of a new article, upon request of the Committees on budget-finance, aimed [...]

FinMin Valcov says the Romanian economy will grow by over 3 percent in 2015

Minister of Public Finance Darius Valcov considers the Romanian economy will grow next year by over 3 percent and that budget collections will be above the amount projected in the draft state budget which was put up for parliamentary debates on Friday. “There’s no way for me to believe in an economic growth of 2.5 [...]

PNL’s Gorghiu committed to continue the political project initiated by Iohannis

Chairwoman of the National Liberal Party (PNL) Alina Gorghiu on Friday stated that her plan is to continue the project initiated by the former leader of the party, President-elect Klaus Iohannis, to change the way politics is done in Romania. “I will continue Klaus Iohannis’s project launched during the presidential campaign, to change the way [...]

Iohannis supports the need to maintain dialogue with Russia, but says economic sanctions must be kept

President-elect Klaus Iohannis supports the need to maintain dialogue with Russia, but underscores that the economic sanctions against this country must be kept. “The EU leaders consecrated the European Summit to the future of the relation between the EU and Moscow. I support, together with the European heads of state, the need to maintain dialogue [...]

Goals of BNR Board of Directors: Adopting the Euro and joining the European Banking Union

The National Bank of Romania (BNR) is closing the year with a new Board of Directors (CA), appointed last summer by the Romanian Parliament, a Board that will be chaired by Mugur Isarescu as BNR Governor and whose main goals will be joining the European Banking Union and then adopting the single European currency. Isarescu, [...]

Fitch: Romanian banking system clean-up to continue in 2015

Banks in Romania will continue next year the process of eliminating bad credits from their balance sheets, a process that started in 2014, according to Fitch Ratings, which notes that the results of the banking system clean-up are expected in the following period. On the long term however, the efforts of cleaning-up bank portfolios should [...]

Romania’s population down nearly 13 pct over 1992-2014

The resident population of Romania declined by over 12.6 percent between 1992 and 2014, down to 19.947 million citizens on Jan. 1, 2014, National Statistics Institute president Tudorel Andrei said on Thursday at the debate titled “Population statistics according to European requirements and national necessities”. The counties with the most significant decline, more than 20 [...]

Bucharest ranks 30th among cities preferred by international retailers

Romania’s capital city ranks 30th in the classification of cities preferred by international retailers, which is topped by London, followed by Paris, Moscow, Milan and Madrid, according to a study. ”The survey ‘Destination Europe 2015′ places Bucharest on the 30th spot among the most attractive cities in terms of international retailers, interest in expanding outside [...]

AXA sells operations in Romania to SAI Certinvest, SIF Transilvania

SAI Certinvest and SIF Transilvania signed, on Thursday, an agreement with AXA Group, under which the latter will sell its life insurance and savings operations in Romania and will withdraw from the local market, shows the press releases issued by the signatory companies of the agreement. In compliance with the terms of the agreement, SAI [...]