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Monthly Archives: February 2016

Senate OKs draft law on debt discharge

house

Senators adopted Monday by unanimity the draft law on debt discharge with the amendment which includes the ‘First House’ program. As adopted, the law is only applicable to borrowers with loans of up to EUR 150,000, intended for dwelling. The ...

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CNP revises upwards to 4.2 pc GDP growth projection in 2016

CNP

Commission for Economic Forecasting (CNP) revises upwards the projection for GDP growth to 4.2 percent this year and the forecast for 2015 to 3.7 percent, according to Winter Prognosis 2016. In the medium-term outlook 2015-2019 – autumn version, CNP has ...

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Siemens revenues in Romania, up by 15 pc last year

siemens

Local subsidiary of German group Siemens ended the fiscal year on September 30, 2015, with revenues of EUR 157 million, up by 15 percent yoy, a press release informs, due to positive development of business in the automation market and ...

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Romania could lose the organisation of Euro 2020 due to National Arena

arena nationala

Romania could lose the right to organize the European Championship 2020 matches because of problems at the National Arena. Romanian Football Federation (FRF) president, Razvan Burleanu says the roof of the stadium must be certified or changed in a short ...

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E.coli bacteria tracked down in dairy products, poultry meat. One dead child from Argeș had eaten the E.coli infected cheese

branza arges

E.coli bacteria was tracked down in about 20 kilos of curds produced by Lactate Brădet company in Curtea de Argeș, Agriculture minister announced on Tuesday. The bacteria was also tracked down in poultry products in a household in Bacău. Following ...

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Dutch Ambassador: I assure the Dutch commitment to promoting LGBT rights

Stella Ronner- Grubacic ambasador olanda

Stella Ronner-Grubacic, the Dutch ambassador to Bucharest, said Monday at a conference in Parliament on civil marriage, that her country has made a commitment to promoting LGBT rights and that it is ‘extremely important’ for couples of the same sex ...

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Final jail sentence for ex-Economy minister in Hidroeletrica case

seres

The High Court of Cassation and Justice gave a final ruling on Monday in the case of former Economy minister Codruț Seres and his involvement in Hidroelectrica case. Seres has been sentenced to four years in prison. Five judges upon ...

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E-commerce in Romania, up by 20 pc in 2016

online-shopping-

Domestic B2B e-commerce will continue on an upward trend in 2016, reaching EUR 12 billion, 20 percent more than last year, according to a survey developed by Teamshare, agerpres.ro informs. Currently, IT & C, both on the hardware and software, ...

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Competition Council extends investigation on timber market, conducts further inspections on six companies

bogdan chiritoiu

The Competition Council has extended the investigation on the timber market in Romania and carried out unannounced inspections at the premises and branches of six companies operating in this field, the authority reported on Monday. In this regard, the Competition ...

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Romania-Egypt direct flights to be resumed this summer. How many Romanians visited Egypt last year?

egipt 1

The Red Sea, Sharm el–Sheikh, Luxor … the Egyptian tourism authorities plan to revive these amazing travel destinations in the Romanian tourists’ mind. Present at the latest Tourism Fair in Bucharest, Egypt welcomed visitors with traditional souvenirs, many new offers ...

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