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Analyst: Romania's economy will not be directly impacted massively by the tariff war
Wednesday, April 16, 2025
Romania's economy will not be directly impacted massively by the tariff war, but the problem is the indirect impact, namely how the customers of companies in Romania will be affected, Andrei Cionca, initiator of the CONFIDEX survey and co-founder of Roca Investments, said on Tuesday."Romania's economy, from what we can see so far, will not be directly impacted massively. The problem that we see today in our portfolio of companies, and we assume it is a ...
Survey: Romania's remittance-to-GDP ratio at 2.8 pct in 2023
Wednesday, April 16, 2025
The amount of remittances to Romania was 2.8% of GDP in 2023 compared to 2.1% in 2012, shows a survey by Alpha Bank Romania chief economist Ella Kallai.According to Alpha Bank Romania's monthly bulletin Macroeconomy "En detail", remittances are a source of financing for households, coming from the earnings of household members abroad. The amount of remittances is correlated with the number of emigrants, whose number is all the greater the lower the incomes ...
Romania to produce drones in Brasov
Wednesday, April 16, 2025
Romania is to produce two types of drones at the Carfil plant in Brasov, in partnership with an American company. Bogdan Ivan, the Minister of Economy, told Digi24 on Tuesday that investments in armaments and the consequences of the tariffs announced by the Trump administration are just some of the topics that will be discussed with the US Congressional delegation that met with top Romanian ...
Ministry of Finance: Record investments in gov't bonds in Q1
Wednesday, April 16, 2025
Romanians have invested 17.4 billion lei in government bonds this year, three times more than in the same period last year, and 80% of this amount represents new investments, the minister of Finance, Tanczos Barna, informs on Tuesday."17.4 billion lei is the amount invested this year in government bonds - three times more than in the same period last year. These investments mean that the interest paid by the state to finance the budget ...
Industrial output down by 3.9 pct in the first two months of 2025
Wednesday, April 16, 2025
Industrial production (unadjusted series) fell by 3.9% in the first two months of this year, compared to the same period last year, due to decreases in the three industrial sectors, namely manufacturing (-4.3%), mining and quarrying (-2.9%) and production and supply of electricity and heat, gas, hot water and air conditioning (-1.8%).According to data published on Tuesday by the National Institute of Statistics (INS), industrial production, working ...
US Congress delegation - meetings with interim president Bolojan, PM Ciolacu and Romanian Mps
Tuesday, April 15, 2025
A delegation of eight members of the US Congress, Democrats and Republicans, led by Vern Buchanan, will meet on Tuesday in Bucharest with interim president Ilie Bolojan, prime minister Marcel Ciolacu, and Romanian parliamentarians.The US delegation arrived in Romania on Monday evening.According to the officially announced program, the representatives of the US Congress will be received by the interim president, Ilie Bolojan, at 11:00 at the ...
Acting President meets with Romanian MEPs, stresses upcomig election is of strategic interest to Romania
Tuesday, April 15, 2025
Acting President Ilie Bolojan met on Monday at the Cotroceni Palace with Romanian MEPs to discuss the country's strategic priorities in the current European and international context, the Presidential Administration informs.According to the cited source, the talks focused on priority topics on the European Union's agenda, including European security and defense, the transatlantic relationship, the Union's multiannual budget, the absorption of ...
Senate holds moment of silence for victims of war in Ukraine
Tuesday, April 15, 2025
At the request of the Save Romania Union (USR) floor leader Stefan Palaria, Romanian senators on Monday held a moment of silence, as a sign of solidarity and respect for the victims of the war in Ukraine."We probably saw yesterday, all of us, terrified and shocked, how there was a horrible attack by Russia on absolutely innocent civilians in the city of Sumy in Ukraine, an attack that comes shortly after another attack, in Kryvyi Rih, coward attacks that ...
Senate President Abrudean, Azerbaijani Parliament Speaker Gafarova discuss boosting parliamentray cooperation
Tuesday, April 15, 2025
Acting Senate President Mircea Abrudean was on an official visit to the Republic of Azerbaijan April 12 to 14, at the invitation of the Speaker of the Azerbaijani Parliament (Milli Majlis) Sahiba Gafarova.According to a Senate press release, during the official meeting, Mircea Abrudean and Sahiba Gafarova discussed boosting cooperation at parliamentary level, underlining the importance of parliamentary diplomacy in strengthening political, economic and ...
ForMin Hurezeanu called for strengthening sanctions regime against Russia's hybrid actions at FAC meeting
Tuesday, April 15, 2025
The head of Romanian diplomacy, Emil Hurezeanu, took part in the meeting of EU foreign affairs ministers (FAC) in Luxembourg on Monday, where he called for both continued pressure on Russia through the adoption of a new package of restrictive measures and for the strengthening of the sanctions regime on Russia's hybrid actions.According to a press release issued by the Ministry of Foreign Affairs (MAE), EU officials discussed Russia's ...
Presidential election 2025/Flashdata poll: George Simion and Crin Antonescu top the voters' preferences
Tuesday, April 15, 2025
Chairman of the Alliance for the Unity of Romanians (AUR) George Simion and the ruling coalition's candidate Crin Antonescu are currently one percentage point apart at the top of the voters' preferences in the presidential race, shows the latest national poll by Flashdata released on Monday.If elections were held next Sunday, 27% of Romanians say they would vote for George Simion, 26% for Crin Antonescu, 20% for Nicusor Dan, 9% for Elena Lasconi, 8% for ...
USR has decided who will manage the party's contracts. Elena Lasconi remains at the head of the party
Tuesday, April 15, 2025
After decided to no longer support Elena Lasconi, its president, in the fight for Cotroceni, the Save ...
Senators okay sanctioning real estate developers who use buyers' money for other purposes
Tuesday, April 15, 2025
Real estate developers who use real estate buyers' money for other purposes risk being sanctioned with 1% of their turnover, according to an amendment admitted to the bill to supplement Article 22 of Law no. 10/1995 on quality in construction, passed by the Senate on Monday.The bill was adopted with 84 votes "for", nine "against" and 28 abstentions.Members of the Senate's Legal and Administration Committees recently admitted several amendments, ...
Analysis: Romanians are buying more and more gold to secure investments and obtain higher returns
Tuesday, April 15, 2025
The amount of gold purchased by Romanians increased in the first quarter of this year by approximately 65% compared to Q1 2024, with the price of gold fluctuating by over 6% in less than a week in April, according to a specialized analysis."With the assumption of the presidency of the United States of America, Donald Trump has become one of the most important voices in the economic field. His economic strategy revolves around imposing tariffs on imports into ...
Alro's CEO: Main effect of new US tariff policy is that Asian goods will invade Europe
Tuesday, April 15, 2025
The effect of the raise in the taxes imposed by the United States of America will be seen especially in that we will be invaded by goods from Asia which will suffocate the European market, as the US is no longer an outlet for Asian exports, chairman of Alro's Board of Directors Marian Nastase told an energy conference on Monday."That's why tariff wars are generally called wars (...), because of their negative effects. They are a bad thing, they affect us. ...
Over 1.1 million employees and 6,749 lei average net salary in Bucharest in January
Tuesday, April 15, 2025
The number of employees in the Capital reached 1,105,952 people at the end of January 2025, compared to 1,087,624 people in the same period of 2024, according to data centralised by the National Institute of Statistics (INS).The average gross salary at the end of the first month of this year was 11,319 lei (compared to 10,146 lei in January 2024), while the average net salary was 6,749 lei (compared to 6,136 in January 2024).On the ...
Vlad the Impaler's fortress at Poenari, reopened after extensive conservation and restoration works
Tuesday, April 15, 2025
Vlad the Impaler's Fortress in Poenari (Arges County) was reopened for visits on Monday, after extensive conservation and restoration work.The fortress, located on the administrative territory of Arefu commune, is built on a mountain peak, at the entrance to the Arges Gorges, near National Road DN 7C - Transfagarasan, with tourists accessing it via 1,480 steps arranged on the slope, through the forest. The fortification was initially built in the 14th ...
ForMin Hurezeanu, present at Antalya Diplomacy Forum, calls for strategic EU approach at the Black Sea
Monday, April 14, 2025
Minister of Foreign Affairs Emil Hurezeanu, present at the Antalya Diplomacy Forum (April 11-12), emphasized the role of the Black Sea in ensuring Euro-Atlantic security and called for a strategic approach of the European Union in the region.According to a press release sent by the Ministry of Foreign Affairs (MAE), the Romanian official was one of the keynote speakers, alongside his Bulgarian counterpart, Georg Georgiev, and Turkish Deputy Foreign ...
Interim President Ilie Bolojan: Our thoughts are with the Ukrainian people
Monday, April 14, 2025
Interim President Ilie Bolojan sent a message on X on Sunday after the Russian attack in the Ukrainian city of Sumy, which resulted in 30 deaths, saying that the thoughts of the Romanian people are with the Ukrainian people and the victims' families."Heartbreaking scenes from #Sumy on this Palm Sunday, as Russian missiles killed innocent civilians. Our thoughts are with the Ukrainian people and the families of the victims. We continue to support all efforts ...
Coalition of the Willing meeting : DefMin Tilvar endorses peace agreement with solid security guarantees for Ukraine
Monday, April 14, 2025
National Defence Minister Angel Tilvar on Thursday participated in the Coalition of the Willing meeting in the format of Defence ministers, held at the NATO Headquarters in Brussels and led by the United Kingdom and France, on which this occasion he underlined Romania's position regarding a peace agreement between Ukraine and Russia."Romania, which shares the longest land and sea border with Ukraine among NATO member states, has a direct interest in the ...