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Monthly Archives: March 2016

BNR plans narrowing the interest rate corridor. Governor Isarescu: ‘We want to cheapen the loans’

interest rate

National Bank of Romania (BNR) considers narrowing the corridor around the policy rate in the next period, to counter inflationary pressures estimated for 2017, central bank Governor Mugur Isarescu said on Thursday in a press conference. This statement comes after ...

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Tennis: Simona Halep falls on 6th place in WTA rankings. Coach Cahill suggests Halep should have less need to call him on court

halep tennis

Romanian tennis player Simona Halep will fall on the 6th place in WTA rankings as of next Monday. The 5th place will be taken over by Victoria Azarenka (Belarus). In the two years while among the top five players, Halep ...

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Craiova mayor, under house arrest

olguta house arrest

The Bucharest Tribunal on Thursday overruled the DNA’s request to place Craiova mayor Olguta Vasilescu under preventive arrest for 30 days. Therefore, the mayor was placed under house arrest for the next month. However, the decision is not final and ...

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100,000 households in Romania are without electricity, gas, have no road access

victor grigorescu households

The transport infrastructure, the electricity and the gas are a minimum package for lasting  and sustainable national development, given that in Romania there are many households that do not have these utilities, Energy Minister Victor Grigorescu said on Thursday. “Nationally ...

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Record bail of EUR 13m set for Sebastian Ghita

file photo

Social Democrat MP Sebastian Ghita has to pay a record bail of EUR 13 million, after he was placed under legal restriction pending trial. Ghita has to pay the money within the next 10 days, otherwise, the anti-corruption prosecutors can ...

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The bribe received by suspended mayor Ontanu ended up to Oprea’s family, judges say

ontanu oprea

The plot of land allegedly received as bribe by former District 2 mayor Neculai Ontanu eventually came into possession of ex-Interior Gabriel Oprea’s daughter. The information is revealed by the Court of Appeal’s arrest motivation in Ontanu’s case, as Digi ...

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Ionut Simion takes over the lead of AmCham Romania

Ionut Simion, Presedinte AmCham

The American Chamber of Commerce in Romania (AmCham Romania) has a new  structure of the Board of  Directors, following the March 30, 2016 Annual General Meeting and elections, a press release informs, Ionut Simion – Country Managing Partner PwC Romania, ...

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Where to? Romania’s share in the global economy, the same as in 1984


Romanian economy’s share in global GDP was 0.33% in 2015, the same as in 1984, Liberal MP Andreea Paul said on Thursday. “Romania is part of the largest economy in the world – i.e. the European Union. The EU contributes ...

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Romania tops EU road death ranking

road deaths

Romania still tops the road deaths in the EU last year, reporting 95 road deaths per 1 million inhabitants, almost double than the European average of 51.5, read the EC 2015 ‘Road Safety’ report. However, compared to 2010, the road ...

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