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By rbj

Romania is ready to start accession talks with the Organisation for Economic Cooperation and Development (OECD) as soon as possible as reconfirmation of the economic growth and development levels reached by it, but in order to do so it needs support form external partners as well, according to Prime Minister Sorin Grindeanu.

"Romania has recorded constant progress that sped up over the past years to assimilate the OECD instruments, while at the same time taking part in the global working structures of the organisation. We are getting actively consulted and w ... Read more »

| | Date: 18 May 2017 |

By Constantin Radut

According to the "signal" data provided by the National Institute of Statistics (INS), in the first quarter of 2017, Romania had an economic growth by 5.7% compared to the same period in 2016.

The international statistics we have available show that the 5.7% increase is the second after China, which is registered worldwide in the first quarter of the year.

According to INS as against the same quarter of 2016, the Gross Domestic Product recorded an increase by 5.7% for the unadjusted series and by 5.6% for the seasonally adjusted series; The seasonally adjusted series of quarterly Gross Domes ... Read more »

| | Date: 16 May 2017 |

By Edwig Ban

The Asian Infrastructure Investment Bank (AIIB) announced, on May 13, that its Board of Governors has adopted resolutions approving seven applicants to join the Bank, bringing the Bank’s total approved membership to 77. This round of approved applicants includes three regional and four non-regional prospective members.

The approved applicants are as follows:

Regional Prospective Members: Bahrain, Cyprus, Samoa.

The Non-Regional Prospective Members are: Bolivia, Chile, Greece, Romania.

"More and more countries are signing up to be members of AIIB because they see how internationalism can pro ... Read more »

| | Date: 14 May 2017 |

By Constantin Radut

After an intense research and exploration activity, Romgaz state-owned producer discovered an important hydrocarbon reserve on the territory of Romania, situated in a perimeter in Muntenia (south-east of Romania).

The exploitation of the natural gas field located in Caragele, Buzău County, will grow in the next years to a volume of 25-27 billion cubic meters of gas, the most important discovery in the last 30 years.

The discovery is located in the north-eastern sector of the Moesic Platform, within the Carageles complex, about 35 km long, explored for geological objectives at depths between 1500 and ... Read more »

| | Date: 12 May 2017 |

By rbj

The government maintains the 5.2 percent economic growth target for 2017, on Wednesday night said the Romanian Premier, Sorin Grindeanu, at a late night Antena3 private television broadcast.

"The economic data we have and everything that I've been saying from the beginning of the year and up until now do confirm the analyses we have carried, when we came with the fast measures through which we have raised the national minimum wage, cut the social contributions CAS, CASS and so on, all those things, the tax' reductions, everything that we have endorsed in the first quarter, and the measures, they have all been very well a ... Read more »

| | Date: 11 May 2017 |

By Edwig Ban

Incentives to renew the National Car Park - 'Clasic Rabla' and 'Rabla Plus' - will be accessed by individuals and businesses from May 18, one month earlier than in 2016, announced on Thursday the Environment Minister Gratiela Gavrilescu.

"It is an extremely important moment for both the Ministry of Environment and the Administration of the Environment Fund, as well as for the Romanians waiting for the two programs. I promised that both the 'Rabla Clasic' program, the 13th edition, and 'Rabla Plus' will have quick procedures. Romanians, individuals and legal entities, can access the two programs starting next week (Thursday, May 18 nd ... Read more »

| | Date: 11 May 2017 |

By Jerom Bolt

Transgaz (The National Gas Transmission Company - Romania) estimates that BRUA (Bulgaria-Romania-Hungary/Ungaria-Austria) pipeline will start work in November this year, according to a press release issued by the Ministry of Economy.

"Transgaz is on the verge of finalizing the environmental and social documentation of the project," said Iulian Butnaru, manager at the BRUA Project Management Unit (PMU).

According to him, Transgaz cooperates with the National Cadastre Agency to clarify the situation of the land that the pipeline will cross. "The collaboration is aimed at cadastral registration of landowners so ... Read more »

| | Date: 10 May 2017 |

By Emea Riga

The latest estimate of the EBRD for economic growth in Romania shows an increase of almost half a point, compared to the autumn forecast. The EBRD's estimate shows that the economic and fiscal policies of the Bucharest government are solid and real.

Romania's economy is expected to register a 4% gain this year, the European Bank for Reconstruction and Development said on Wednesday, against a 3.7% forecast expected by the EBRD in November. It is the highest level of growth among the European states in which the EBRD operates.

Next year, Romania's GDP growth will slow to 3.5%, the international financia ... Read more »

| | Date: 10 May 2017 |

By Constantin Radut

It is increasingly evident that the President of Romania, Klaus Iohannis, is against of the political peace in Romania.

If he does not have something to say against Parliament and lawmakers, then he criticizes the political parties who do not agree with him. If he has finished this topic, then the Government is the "horse of beating". More. When the Government does something good, the president says it's not good. When the Government does not address a subject, then President Iohannis comes to the ramp and strikes the Government.

There are subjects that the president and his aides do ... Read more »

| | Date: 08 May 2017 |

By Constantin Radut

The "Start-Up Nation - Romania" program, which will run for four years, aims to fund about 10,000 new companies annually. With this program, over 20,000 jobs could be created each year, given that for a grant of 100,000 lei (over 20,000 euros), SMEs have the obligation to employ a minimum of one person, and for 200,000 Of lei minimum two people.

The budget for the Start-Up Nation - Romania Program is 400 million euros, money coming from both the state budget and the European Union budget.

This program will primarily fund IT programming, production, creative industries, services and commerce activities

T ... Read more »

| | Date: 05 May 2017 |

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Constantin Radut - Editor in Chief; Phone:+40-725511887