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President Traian Basescu talked to the joint delegation of the International Monetary Fund, the European Commission and the World Bank on Thursday about the possibility of raising wages in the public sector, according to the Presidential Administration. read more...


Like never before, there was no scandal at the General Shareholder Meeting of the Bucharest Stock Exchange, all of the proposals went through without any objections, and the extraordinary shareholder meeting wasn't even held due to a lack of quorum. read more...


Premier Mihai-Razvan Ungureanu gave guarantees that the European funds for Romania would not be suspended. read more...


The Romanian Government has projected a 2012 debt of 33.9 percent of the Gross Domestic Product (GDP) and a 2013-2015 debt of less than 33.5 percent of the GDP, which is far below the maximum 60-percent-of-the-GDP level provided for under the Maastricht Treaty. read more...


More than 25,000 tourists will spend their May 1 mini-holiday on the Romanian seaside of the Black Sea, according to the estimations of the tourism agencies, president of the National Association of the Tourism Agencies (ANAT) Corina Martin told a press conference. read more...


The Government agreed to prolong the public debates upon the property restitution bill, but it will have to sent it as soon as possible to the Parliament, which will have the final say on its normative content, Justice Minister Catalin Predoiu said in an interview . read more...


The leader of the parliamentary group of the PSD in the Chamber of Deputies, Mircea Dusa, has filed, on behalf of the Opposition, the censure motion called “Stop the Government that can be blackmailed. Not so, never!”, at the cabinet of the Speaker of this legislative forum. read more...


There is no correlation between the European Union funds and the real development needs of Romania, economic analyst Ilie Serbanescu told debates on the volume published by economist and former Finances Minister Daniel Daianu entitled When Finance Undermines the Economy and Corrodes the Democracy. read more...


Romania currently is the only European Union country where it takes a waiting time of up to a year until a new product is evaluated in order to be included on the subsidized medicines list, said Pascal Prigent, Managing Director GSK Romania. read more...


The arrivals of foreign visitors to Romania, which were registered at the border checkpoints, amounted to 857,000 in the first two months of 2012, down by 2.3 percent from the similar time span of 2011, according to the data supplied by the National Institute of Statistics (INS) on Monday. read more...




Romania came first in the European Union in 2011 by the surface cultivated with maize, and second by maize production after France, because of lower crop yields, according to preliminary data published on Friday by the National Statistics Institute (INS). read more...


Romania’s cereal production increased last year by 24.4 pct, reaching 20.785 mln tonnes, from the 16.713 mln tonnes registered in 2010; Romania preponderantly cultivates maize and wheat, which account for 49.8 pct and 36.8 pct, respectively of the total cultivated surface, shows data released on Friday by the National Statistics Institute (INS). read more...


The restoration of the public wages will have a limited impact if the Government’s deficit target provided for in the arrangement with the International Monetary Fund (IMF) is observed, and this process would rather lead to a gradual recovery of domestic demand, Governor of the National Bank of Romania (BNR) Mugur Isarescu told a news conference on Thursday. read more...


The consolidation of inflation within the variation band around the target paves the way for maintaining financial stability and achieving sustainable economic growth, Governor of the National Bank of Romania (BNR) Mugur Isarescu told a news conference on Thursday. read more...


The National Bank of Romania’s (BNR) Board of Directors on Thursday decided to cut the key interest rate to 5.25 percent per annum down from 5.50 percent starting March 30, 2012, the BNR has announced. read more...


President Traian Basescu said that the Romanian Intelligence Service (SRI) was “well anchored” in the battle against tax evasion, while adding that, although the atmosphere created gives the feeling that a high level of corruption was reached, Romania is far from it. read more...


Prime Minister Mihai-Razvan Ungureanu told EU ambassadors in Bucharest that Romania is interested in the organization of a European Council debate on the discriminatory attitudes towards European citizens, the government informed. read more...


The litigation between Romania and Bulgaria regarding the maritime delimitation between the two neighbours and the possibility that it might be resolved by the equidistance method, which is the method used by the International Court of Justice in The Hague is the topic tackled by State Secretary at the Foreign Affairs Ministry Bogdan Aurescu in an interview with Agerpres. read more...


Minister of Labour, Family and Social Protection Claudia Boghicevici told a press conference that the measures to be taken to make possible the public wage restoration depend on the economic figures of April. read more...


The Executive Board of the International Monetary Fund (IMF) approved the fourth review of the precautionary agreement with Romania, but warned however that it was necessary to continue the commitments to economic reforms in order to help withstand current uncertainties and to increase potential growth, reads the release published on the IMF page. read more...



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