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Iohannis: the motorway shortage is equally denounced by the business milieu and the citizens

Friday, May 25, 2018

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The development of the infrastructure is the most secure way to enhance the convergence of the country's regions, however, infrastructure has only been a lip service priority in the government programmes, on Thursday said president Klaus Iohannis, on a working visit in the Arges County."I welcome you, the most important actors with the automotive industry in Romania, to focus on the Romanian IT sector and in general on the creative industries' potential, those ...

Gov't adopted emergency ordinance on public procurement and decision on strategic projects

Friday, May 25, 2018

The Government adopted on Thursday an Emergency Ordinance (OUG) on public procurement and a decision on the approval of the first list of strategic investments projects to be implemented under a public-private partnership, Spokesman for the Gov't Nelu Barbu announced."In today's Government sitting, several normative acts were adopted regarding public procurement and investments. (...) Firstly, I refer to an emergency ordinance on the modification and ...

Former PM Petre Roman is charged for crimes against humanity within the 'Revolution' case

Friday, May 25, 2018

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The Prosecutors of the Military Prosecutor's Office Section of the Prosecutor's Office attached to the High Court of Cassation and Justice (PICCJ) have ordered the extension and further prosecution of former PM Petre Roman over charges for crimes against humanity within the 'Revolution' case."In the case generically known as the" Revolution" case, military prosecutors of the Military Prosecutor's Office Section with the Prosecutor's Office attached to the High ...

KPMG: Pensioner-to-worker ratio at 1.74 in 2050, private pension a must due to falling old-age support rate

Friday, May 25, 2018

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Romania's pensioner-to-worker ratio will reach 1.74 in 2050, in a surge from 0.3 in 1990, shows a KPMG survey presented on Thursday at a press conference by Tudor Grecu, KPMG audit & assurance partner."In Q1 2018 we worked out a survey that extensively deals with the importance and benefits of life insurance and private pension schemes to the society and the individual. Speaking of pension Pillar II, the survey shows that such a system is a necessity. More ...

Hajdinjak (E.ON): Romania, no longer as stable economically, but still see growth potential

Friday, May 25, 2018

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 Romania's macro-economic situation is no longer as stable as in the past years, but there are still growth prospects, on condition that budget balance be maintained, Frank Hajdinjak, E.ON Romania Executive Director told Thursday a press conference organised by the company."Inflation is on the rise and we must keep an eye on the state budget so that spending does not rise beyond what has been planned, we must keep the deficit under control. The situation is ...

Industrial Barometer: Powerful March growth of Romanian industry not sustained in April

Friday, May 25, 2018

Romanian industry grew in April too, but the powerful March advance could not be sustained and the volatility of the first four months of the year raise question marks, according to the monthly industrial barometer made by IRSOP and SNSPA and released on Thursday. An index based on the net ratio between answers signals expansion if it is over 50 points and contraction if it goes under 50. “Almost all indicators measured by the barometer ...

GfK: Romania posted the greatest gain in purchasing power in EU last year, but from low base

Friday, May 25, 2018

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The purchasing power of Romanians increased by 7.8 percent in 2017, the highest growth rate among the European Union member states, but remains low compared with more advanced countries, with EUR 4,556 per inhabitant, acording to a study released on Thursday by GfK quoted by http://business-review.eu. GfK’s indicator for purchasing power corresponds to the population’s disposable net ...

EC 2018 spring forecast projected for Romania a public deficit of 3.4 percent and 3.8 percent of GDP for 2018 and 2019

Thursday, May 24, 2018

The European Commission issued a warning to Romania on Wednesday for significant deviation from the adjustment path toward the medium-term budgetary objective, estimating a risk of a deviation from that recommendation in 2018, and recommends the government to take the necessary measures to limit the growth rate of expenditure. “The Council also adopted a subsequent recommendation confirming the need for Romania to take the necessary measures to ...

FinMin Teodorovici reiterates   that the contribution to pillar 2 for pensions will not be suspended

Thursday, May 24, 2018

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The minister of finances, Eugen Teodorovici reiterated on Wednesday the fact that the contribution to pillar II for pensions will not be suspended but following the discussions with the factors involved, at the end of June – the beginning of July a new project in the domain will be presented.In support for his statements,  Teodorovici spoke about the statements of prime-minister Viorica Dancila.‘A left party will never put in balance ...

DNA's Kovesi delivered a speech at the UN headquarters in New York about the independence of judges and prosecutors în Romania

Thursday, May 24, 2018

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Chief Prosecutor of Romania's National Anticorruption Directorate (DNA) Laura Codruta Kovesi stated on Wednesday, in a speech that she delivered at the United Nations headquarters in New York, that the greatest challenge for Romania is maintaining the independence of judges and prosecutors."There have been repeated attempts to amend the anticorruption legislation in order to limit the legislative instruments used by the anti-graft prosecutors or the ...

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