Finance, Banking and Economic News
Romanian President Traian Basescu has invited the political parties to a discussion on the revised Constitution and the country's administrative reorganization, in the latter part of June. read more...
Romanian family doctors on Friday decided to end protests over the frame-contract on public healthcare for 2011-2012, the Health Ministry said in a press release. read more...
Romania's Government will seek a confidence vote in Parliament to adopt the act on the country's administrative reorganization, Democratic Liberal Party general secretary Ioan Oltean announced in a press conference on Friday. read more...
The link between Romania’s adhesion to Schengen and the Cooperation and Verification Mechanism is “artificial”, Romania’s Justice minister Catalin Predoiu said for RFI radio. The official blames the reticence some countries have to see Romania in Schengen based on some internal political matters. read more...
The Dutch government will pronounce in 2012 on the adhesion requests of Romania and Bulgaria to Schengen after a trial period, Dutch Immigration Minister Gerd Leers said quoted by AFP. It is too early to take a decision and it will take some time until we will be ready to make it, he said a day after the EP voted for Romania and Bulgaria to join Schengen. read more...
Romania’s population will drop to 19.857 million people in 2035 from 21.462 million at the beginning of the year and by 2060 it will decrease to 17.308 million, representing one of the biggest declines in the EU, the European Statistics Institute Eurostat reveals quoted by news agency Mediafax. read more...
In the last year, 25.7% of the children in Romania questioned by the EU Kids Online II declared that they received messages or messages with a sexual content online. 12.2% of the kids were bothered/ harassed online and 11.4% of them met offline with a person they met online. read more...
Romania’s Interior Minister Traian Igas declared on Wednesday after his hearing at the Defense Committee of the Chambers of Deputies that 10,000 employees of the ministry will be laid off in the next two months, news agency Mediafax reads. He said there is a legal basis for the restructuring ad a series of governmental decisions will be taken. read more...
The World Bank revised the estimate of the economic advance of Romania to 1.6%, higher than the previous estimate but decrease the estimate for next year to 3.7% the Global Economic Prospects report reveals. read more...
Moody’s does not plan to modify its rating on Romania for at least a year to come, its general director for Central Europe, Petr Vins said quoted by news agency Mediafax. Moody’s is the only big financial evaluation agency that maintained Romania’s rating at the investment grade category during the crisis. read more...
The European Parliament gave a green light to Romania and Bulgaria to join Schengen, saying that the two countries met all necessary conditions to join, according to the evaluation reports, a press release of the European legislative reads, remitted to HotNews.ro. read more...
The 15 Romtranspetrol gas stations bought by the Azeri state company SOCAR at the beginning of the year cost 2 million dollars, SOCAR VP Suleyman Gasimov declared at Baku quoted by the Azeri newspaper. He said SOCAR will invest another 7 million dollars in developing the network of gas stations in Romania. read more...
After a delay of over two years, Romanian authorities managed to send to the European Commission the official notification on the subsidies scheme for the renewable energy sector, the Competition Council reads. read more...
Romania’s Justice Minister Catalin Predoiu rejects the appreciations made last week by the Dutch Ambassador to the EU, who declared that Netherlands does not believe that Romania’s rule of law is working because there are great problems related to the justice system in Romania. read more...
The agreement on the placement of some elements of the American anti missile shield in Romania was ratified on Monday, at Washington by the two negotiations team, Romanian State Secretary Bogdan Aurescu and Ellen Tauscher, under state secretary for arms control and international security, the Romanian Foreign Affairs Ministry informs in a press release. read more...
Romanian cucumber producers will receive compensation of up to 247,200 euro at the estimated loss of 9 million euro by August 1, Romanian Agriculture Minister Valeriu Tabara said. read more...
Netherlands does not believe Romania is governed by the rule of law because there are still problem related to the reform of the judiciary in our country, Dutch Ambassador said at the EU. According to a coverage made by RFI radio quoting EU sources, Romania’s rule of law was contested last week at Brussels during a meeting of Ambassadors to the EU. read more...
After entering the Romanian market through a surprising acquisition of Romtranspetrol, a distribution company, the Azeri state company SOCAR analyses the market as it awaits new opportunities, SOCAR Romania chief Hamza Karimov said in an interview for HotNews.ro. Karimov said that SOCAR has no interest in Oltchim, Arpechim or Petrom. read more...
Vegetables grown in Romania are safe for consumers, said Agriculture Minister Valeriu Tabara Monday, addressing the situation triggered by the E.coli epidemic in Europe, which has killed 22 people. read more...
Dozens of Romanian police officers protest Monday at the headquarters of the Interior Ministry over authorities’ decision to reduce their food benefits in June and plans to continue layoffs. read more...
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