General
Cooperation opportunities in the field of defence between Romania and Lockheed Martin
Prime Minister Mihai Tudose met with a delegation of Lockheed Martin, American aerospace security company, specialized in the research, design, development, manufacture, integration and support of advanced technology systems at global level. more »
Sovereign Development and Investment Fund to be managed by Finance Ministry
The Sovereign Development and Investment Fund will be managed by the Ministry of Finance, and ministries who have managed the fund companies so far, will retain certain coordination prerogatives, Energy Minister Toma Petcu said in a conference quoted by Agerpress.  "Through the governing programme, one of the strategic objectives is the sovereign investment fund, important for Romania's economic development, which will be an economic development engine. In my opinion, all companies, not just in the field of energy, because we are talking about a general investment fund, all profitable companies that have strong capitalization in any field should be in this fund, depending on the communication we will have with the European Commission and based on the decisions regarding competition, so as not to cause problems," the minister said. more »
May 23, 2017 11:20
Governor of the National Bank of Romania Mugur Isarescu stated that he has never witnessed in 27 years a better macroeconomic situation in Romania, but at the same time a riskier one, at the "Financial Market Forum" organised by the Romanian Banking Association....more »
May 15, 2017 17:35
Bucharest City's two airports - Henri Coanda and Aurel Vlaicu - have joined the top five Q1 2017 highest rising airports in terms of passenger traffic increases, according to news from the Airports Council International Europe cited by the Bucharest National Airport Corporation (CNAB) in a press statement. In the group of airports welcoming between 5 and 10 million passengers per year Henri Coanda (OTP) was third, with a 21.5-percent increase, after Reykjavik-Keflavik (Iceland) and Kiev. Bucharest Baneasa (BBU) was first in terms of growth in the group of airports welcoming less than 5 million passengers per year. It was followed by Foggia (Italy), Nis (Serbia), Zadar (Croatia) and Oradea, according to ACI Europe....more »
April 26, 2017 15:25
Three percent of the total Romanian companies represent the engine of the domestic economy and half of them are in difficulty, according to the third edition of the CITR Group study on the evolution of the impact companies between 2013 and 2015. The number of these impact companies is shrinking, from 23,384 in 2013 to 19,564 in 2015. If this shrinking trend persists, the whole economy may be affected by contagion shows the CITR study. All this in the context in which Romania is not able to generate enough new entrepreneurs to compensate for the imbalance in Romanian business....more »
April 25, 2017 09:25
Romania, alongside three other EU Member States, had a government deficit (calculated based on ESA methodology, the European Accounts system - e.n.) of 3 pct or more of the GDP, according to a preliminary estimate released on Monday by Eurostat. In contrast, at the end of 2016, Romania was among the EU Member States with the lowest level of government debt against the Gross Domestic Product (37.6 pct). Eurostat points out that it has not made any changes to the data reported by the Member States. The Eurostat data differ from the figures presented in the execution of the consolidated general budget for 2016, according to which last year ended with a 18.3 billion lei deficit, 2.41 pct of the GDP respectively, on the increase by almost one percentage point as compared to the negative balance of 1.47 pct of the GDP in 2015.  ...more »
April 10, 2017 15:44
Prime Minister Sorin Grindeanu declared that the switchover to the euro will be possible only after the Romanians' incomes get close to earnings in other European Union member states. "Let's make sure that this monetary convergence is done in parallel with the convergence of incomes. We believe that the switchover to the euro can be done only after the Romanians' incomes get close to earnings in other EU member states," Grindeanu told the meeting of the interministerial Committee on the switchover to the euro, held at the Victoria Palace of Government quoted by Agerpress....more »
March 21, 2017 15:12
The unemployment rate recorded in the National Employment Agency (ANOFM) records was 4.80 percent in January 2017, higher by 0.03 percentage points compared to the one of the previous month and lower by 0.01 percentage points compared to the one ...more »
March 14, 2017 11:17
The industry turnover increased by 9.1 pct, in nominal terms, in January as compared to the same month of the previous year, but decreased by 5.6 pct compared with December 2016, reads a press release of the National Statistics Institute (INS) and quoted by Agepress. "The industry turnover fell by 5.6 pct in January 2017 compared to the previous month, following the drops in the manufacturing industry (-5.7 pct) and the mining industry (-3.3 pct). The following decreases were recorded in the large industrial groups: the consumer goods industry (-16.0 pct), the energy industry (-14.1 pct), the intermediary goods industry (-3.5 pct) and the durable goods industry (-1.6 pct). The capital goods industry has grown by 1.1 pct, reads the document....more »
March 08, 2017 14:54
The internet service penetration rate in Romania stands at 89 percent and connectivity around 60 percent, the National Authority for Administration and Regulation in Communications - ANCOM President Catalin Marinescu told a specialist conference oquoted by Agerpress....more »
Govnet Next Events