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Innovation and digitisation are key to Europe's future competitiveness, industrialists say

Industry remains the backbone of the European economy, contributing more than 30 per cent of GDP growth and more than 80 per cent of private R&D spending, a report published by the European Roun...

Parliament adopts 2017 budget draft

Parliament on Tuesday adopted the draft laws on the state budget and the social insurance budget for 2017.

ECB never tries to manipulate euro rate, says French finance minister

The European Central Bank never tries to manipulate the euro exchange rate for trade or competitive policy reasons, French Finance Minister Michel Sapin said in an interview published on Monday,...

Alevia to reach an estimated turnover of 5.8 million Euro in 2017

Alevia, a Romanian company specialized in production of food supplements and teas, wants to achieve a turnover of 5.8 million Euro this year, a press release shows.

Romania Green Building Council launches recommendations for the National Renovation Strategy

Romania Green Building Council launches a set of recommendations for Romania's new National Renovation Strategy, that the Romanian Government should present to the European Commission by end of ...

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will turn operational in 2020, when ExxonMobil and OMV Petrom will com...

EU funds worth 90 million Euro to develop Romanian spa sector

The spas of Romania must be promoted as major interest destinations for the citizens of all European countries, and the 90 million Euro allocation from the European Union for 2014 - 2020 could d...

Illegal logging in Romania reduces in 2016

Preliminary data in a 2016 report on Romania's forestry indicate that illegal logging was down in 2016, said the Romanian Ministry of Water and Forestry (MAP), according to Agerpres.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania

European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the imple...

2017 budget draft based on 5.2 per cent economic growth

The 2017 budget draft is based on a 5.2 per cent economic growth estimated for this year and above 5 percent over the entire 2018-2020-time frame, the (cash) budget deficit being forecast at 2.9...

Fiat Chrysler says diesel vehicles fully compliant

Fiat Chrysler reiterated its diesel vehicles were fully compliant with applicable emissions requirements, a spokesman said on Tuesday after the French authorities referred the carmaker's case fo...

Central bank revises downwards 2017 year-end inflation forecast

The National Bank of Romania (BNR) has revised downwards by 0.4 percentage points its inflation forecast for end-2017, which is now projected at 1.7 percent, BNR governor Mugur Isarescu told a p...

Banca Transilvania's net profit reached 1.2 billion RON last year

Banca Transilvania's net profit amounts to 1.2 billion RON (274 million Euro) at the end of 2016, from 2.4 billion RON (537 million Euro) in 2015, one year after the merger with Volksbank Romani...

Romanian transporters criticize taxi dispatch project to be implemented by Bucharest Municipality

Romanian Confederation of Authorized Transporters and Operators (COTAR), an important organization in the road transport sector, announced today that totally disagrees the establishment of a cen...

Telekom Romania posted adjusted EBITDA of 175 million Euro for entire 2016

Telekom Romania Communications and Telekom Romania Mobile Communications announced key performance indicators in fourth quarter 2016, ended December 31, 2016, as reported today by OTE Group. Tel...

ALD Automotive to launch fleet management app in Romania

French-based ALD Automotive Romania, one of the largest operational leasing and fleet management companies on the local market, launches new mobile and web solution for fleet managers, a press r...

Demand for sustainable development increased significantly throughout 2016, says BuildGreen

BuildGreen, Romania's development, design and green building certification company, ended the year 2017 with a portfolio increase of over 100 per cent, surpassing the level of 2,7 million sqm of...

BMW Group explores Romanian IT industry opportunities

BMW Group officials have come to Romania to start discussions about collaboration with IT&C companies to provide software solutions for BMW.

BNR: 6,400 debt discharge notifications at 2016 end

The number of debt discharge notifications reached 6,400 at the end of 2016 and the volume of notified loans stands at 1.8 - 1.9 billion RON (400 million Euro), deputy director of the Financial ...

AmCham: Increased budget revenues collection and high investments are essential for generating growth

In the context of the public debates around the State Budget project for 2017, AmCham Romania reiterates the importance of a balanced budgetary projection, focused on economic growth and investm...

Minimum wage in Romania doubles compared to 2008, says Eurostat

Bulgaria and Romania had on 1 January 2017 the lowest minimum wages in the European Union (EU), namely 235 Euro and 275 Euro per month respectively, the data published by the European Statistics...

Romanian companies invited to attend privatization programme of Republic of Moldova

Romanian companies are invited to attend the privatization programme prepared by the Economy Ministry of the Republic of Moldova for the second half of the current year, Moldovan Economy Ministe...

Government willingness to move Hidroelectrica IPO forward as quickly as possible, says Greg Konieczny (FP)

Romanian Government is willing to move the Hidroelectrica IPO process forward as quickly as possible, according to Greg Konieczny, portfolio manager of Fondul Proprietatea and executive vice pre...

PSA pays GM 2.2 billion Euro for Opel

PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion Euro, creating a new regional car giant to challenge market leader Volkswagen, Reuters news rea...

Eurostat: Romania registers lowest pay gap between men and women in management positions

In each European Union member state, male managers won in 2014 more than women in management positions, but the lowest pay gap was registered in Romania, show the data of the European Statistics...

Alison Hayes concentrates in-house production in Buzau, services in Urziceni

Alison Hayes is reorganizing its business processes in Romania, to improve the production and logistics functions in an operationally more efficient way to better meet demand from its customers....

Uber to launch carpool service in Romania by 2020

Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe after Poland in terms...

More on News
Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to actively participate i...

Dragnea: There is no risk of PSD getting destabilized

Leader of the Social Democratic Party (PSD) Liviu Dragnea told a private broadcaster on Sunday that there is no risk of his party getting destabilised as he and the incumbent party leadership ha...

SRI and DNA have no protocol, says SRI Spokesman

Spokesman of the Romanian Intelligence Service (SRI) Ovidiu Marincea stated that the SRI does not have any protocol with the National Anticorruption Directorate (DNA), but he added that there ar...

Iohannis at Government meeting: I discussed with the PM; I am pleased with how you do your job

President Klaus Iohannis said on Wednesday he had, before the Government meeting, a "very applied" discussion with Prime Minister Sorin Grindeanu, and the head of state told the Government membe...

President Iohannis wants to address Parliament on 7 February

President Klaus Iohannis sent a letter to the Heads of the two Chambers of the Legislature, in which he reveals that he wants to address Parliament on 7 February, in respect to the amendments ma...

Minister of Justice: Bill amending Criminal codes put up for public debate

Minister of Justice Florin Iordache announced that the bill amending the Criminal codes will be put up for debate on Monday for a 30-day period, and that it will also include the articles that h...

Kovesi on draft amendment of Criminal Code: Guised decriminalization of abuse of office

Chief Prosecutor of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said on Wednesday that the draft emergency ordinance amending the Criminal Code and the Criminal Procedure...

MEP Negrescu to Farage: Romania does not take lessons in fairness from man investigated for corruption

Member of the European Parliament Victor Negrescu conveyed in an open letter addressed to Nigel Farage, that the former leader of the UK Independence Party (UKIP) should not talk about corruptio...

PM Grindeanu: We support our views on 2017 budget

The Government will support its views in respect to the 2017 budget draft in the Supreme Council for National Defence (CSAT) meeting on Tuesday, Prime Minister Sorin Grindeanu said, according to...

Iohannis: 2017 budget is a problematic and risky one

President Klaus Iohannis said that the budget draft for 2017 is a problematic and risky one, pointing that there is the real risk for the deficit of three percent to be exceeded, according to Ag...

PM Grindeanu says he does not share President's concern regarding 2017 budget

Prime Minister Sorin Grindeanu stated on Tuesday that he doesn't share the concern that President Klaus Iohannis expressed regarding the budget for 2017, according to Agerpres.

Iohannis: I request Government to abandon demarches on pardon and amendment of Criminal Codes

President Klaus Iohannis requests the Government to "abandon" the demarches regarding pardon and the amendment of the Criminal Code, Criminal Procedure Code, underlining that "the people's voice...

European Commission: The fight against corruption in Romania needs to be advanced, not undone

A joint statement of president Juncker and first vice-president Timmermans from the European Commission, on the fight against corruption in Romania, shows that "the fight against corruption need...

PM Grindeanu wishes for 2019 with no CVM for Romania

Premier Sorin Grindeanu stated, on Thursday, at the headquarters of the European Commission, that he wishes in 2019 the Cooperation and Verification Mechanism (CVM) for Romania to be lifted, acc...

President Iohannis: Romania's foreign and security policy will remain on same essential coordinates

Romania's foreign and security policy will remain on the same essential coordinates as until now, in the context in which our country must keep its regional position of stability and predictabil...

EU disaster response mechanism found effective and well-coordinated

The European Court of Auditors released a report on the EU Civil protection mechanism - managed by the European Commission - pointing to its successful deployment in response to recent natural d...

Justice Ministry gives up draft law sent to CSM

The Justice Ministry (MJ) gives up the draft law on modifying and adding the normative acts concerning the Criminal Codes, already forwarded to the Superior Council of Magistrates (CSM), as it w...

Iohannis: Enough arguments for Government to withdraw pardon and criminal codes amendment drafts

President Klaus Iohannis maintains that there are enough arguments to determine the Government to withdraw the drafts referring to pardon and the amendment of the criminal codes, mentioning that...

Iohannis: PSD's first concern to deal with criminals' files

President Klaus Iohannis told the Parliament plenary session on Tuesday that the ruling party, PSD (Social Democratic Party), after winning general election, has had a "suicidal strategy", its f...

Iohannis: Budget approach lacks needed responsibility in security context

President Klaus Iohannis sent a letter to Prime Minister Sorin Grindeanu drawing the attention that the approach on the budget construction doesn't prove the responsibility that the political an...

Justice minister: GEO drafts on criminal legislation will be in accordance with observations and consultation

The draft emergency ordinances regarding pardon and the amendments of the Criminal Code and the Criminal Procedure Code will be in accordance with the observations and the public consultations, ...

Iohannis: Justice independence seriously breached; we must take attitude; first step - CCR notification

Justice independence has been seriously breached by the Government by adopting the Government Emergency Ordinance (GEO) for the modification of the criminal codes, President Klaus Iohannis said,...

Antonio Tajani elected new president of the European Parliament

Antonio Tajani (Italy) won Parliament's presidential election with 351 votes in a final face-off with Gianni Pittella (Italy), who secured 282 votes.

OUG draft: Full pardon for sentences up to five years of prison

The emergency ordinance (OUG) draft on pardoning some sentences, which the Ministry of Justice released for public debate on Wednesday, stipulates that the sentences up to five years of prison i...

Dragnea: Nobody in Romania stands to gain from protest escalation

Calm and stability are what is most important to Romania, leader of the Social Democratic Party Liviu Dragnea said on Sunday night, adding that nobody in the country stands to gain from the esca...

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Daily Info
Enel to invest 329 million Euro in Romania in 2017-2018
Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the implementation of pro...

Uber to launch carpool service in Romania by 2020
Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe after Poland in terms of Uber users....

BMW Group explores Romanian IT industry opportunities
BMW Group officials have come to Romania to start discussions about collaboration with IT&C companies to provide software solutions for BMW.

Illegal logging in Romania reduces in 2016
Preliminary data in a 2016 report on Romania's forestry indicate that illegal logging was down in 2016, said the Romanian Ministry of Water and Forestry (MAP), according to Agerpres.