#Romania 2019.eu/Dancila: Romanian presidency of Council of EU concluded 43 legislative files since taking over
The Romanian presidency of the Council of EU already concluded 43 legislative files since taking over, among which a provisional agreement reached this week regarding the revision of the (...)
Feb 15, 2019
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Former chief corruption prosecutor denies having discussed with fugitive mogul extradition of disgraced businessman
Former chief prosecutor with the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said on Friday that she never discussed with now fugitive media mogul Sebastian Ghita the (...)
Feb 15, 2019
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PM Dancila tells Parliament Romania tops the rankings of EU’s fastest growing economies
Prime Minister Viorica Dancila said on Friday in Parliament that Romania has recorded one of the highest economic growth rates of all the member states in the European Union and provided a state (...)
Feb 15, 2019
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Former Romanian anti-graft chief Kovesi, a candidate for EU chief prosecutor, hears charges in case opened against her back home
The former head of Romania's anti-graft prosecutor's office Laura Codruta Kovesi on Friday learned the charges brought against her in a corruption case which she says is aimed at (...)
Feb 15, 2019
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Former chief corruption prosecutor demands two prosecutors investigating her be recused
Former head of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said Friday that she filed two appeals with the Attorney General's Office for the recusal of prosecutor (...)
Feb 15, 2019
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Parliament clears 2019 state budget bill
Parliament in plenary session on Friday cleared the 2019 State Budget Bill, 275 to 122 and 2 abstentions.
Several amendments to the state budget bill proposed by the gov't were adopted, (...)
Feb 15, 2019
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Romanian Parliament finally adopts 2019 budget bill with prospective deficit up to 2.76%
Romania's Parliament on Friday finally voted the long overdue budget law for 2019, with the Government claiming it was a realistic one despite a long period of massive efforts to come up (...)
Feb 15, 2019
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Budget for 2019, realistic, with development prospect for Romania, says PM Dancila in Parliment
The budget for 2019 is realistic and with a development prospect for Romania, Prime Minister Viorica Dancila said on Friday in Parliament's joint session, ahead of the final vote on the (...)
Feb 15, 2019
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Romanian Parliament Adopts 2019 State Budget
Romanian lawmakers on Friday adopted the 2019 state budget with 275 to 122 votes.
Feb 15, 2019
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Purcari Wineries 2018 Revenue Up 19% To RON169M, Net Profit Up 58% To RON45M
Winemaker Purcari Wineries (WINE.RO) on Friday said it registered total revenue of RON169 million in 2018, up 19% on the year, and a net profit of RON45.6 million, up 58% on the (...)
Feb 15, 2019
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Transelectrica Profit Triples in 2018, to RON89M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON89 million, triple compared with 2017, despite a drop of 11% in total revenue, to RON2.7 (...)
Feb 15, 2019
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Romanian Lawmakers Amend Law to Raise 2019 Deficit Target to 2.76% of GDP
Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 from (...)
Feb 15, 2019
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Foreign Shareholders Contributed EUR274M to Capital of Local Financial Companies in 2018
The foreign investors who own businesses on the Romanian financial market contributed about EUR274 million to their capital last year, almost double the 2017 level, ZF has found from Trade (...)
Feb 15, 2019
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Romgaz Posts 9% Hike in Turnover, Net Profit Declines in 2018
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Friday reported a consolidated turnover of RON5 billion for 2018, up 9% on year, while its net profit declined to RON1.4 billion (...)
Feb 15, 2019
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Metro Cash & Carry To Triple Logistics Space
Metro Cash & Carry store chain plans to almost triple logistics area once the new platform now under construction in Stefanestii de Jos near Bucharest has been (...)
Feb 15, 2019
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Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial
Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark rates on the interbank money market rates such as (...)
Feb 15, 2019
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Speaker Dragnea: Budget deficit to amount to 2.76pct of GDP for increasing allowances
The Chamber of Deputies' Speaker Liviu Dragnea announced on Thursday that in order to apply the amendment stipulating that children's allowances will be increased as of 1 March, (...)
Feb 15, 2019
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Press Review - February 15, 2019
Feb 15, 2019
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Simona Halep qualifies for semis in WTA Doha tournament
Romanian tennis player Simona Halep has qualified on Thursday night for the semifinals of the USD 916,131 WTA Doha tournament after defeating German Julia Goerges, 7-6 (1) 7-6 (6).
Halep (27 y/o, (...)
Feb 15, 2019
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Kaercher Made EUR60M Worth of Vacuum Cleaners in Curtea De Arges in 2018
Kaercher’s Curtea de Arges vacuum cleaner plant saw its revenue grow by 20% to more than EUR60 million in 2018. The company budgeted the same growth for this (...)
Feb 14, 2019
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Romanian Airline Companies Blue Air, Tarom Sign Two Partnerships
As members of the International Air Transport Association (IATA), Romanian airline companies Blue Air and Tarom have signed two partnerships regarding the protection of passengers in case of (...)
Feb 14, 2019
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Parliament Approves 2019 Budget Amendment Increasing Child Allowances
The combined chambers of the Romanian Parliament approved on Thursday a Liberal Party amendment to the 2019 budget bill which raises allowances for children aged 2-18 to RON150 from the current (...)
Feb 14, 2019
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AMCHAM: Lack Of Predictability, Poor Quality Of Public Policies Significantly Affect Business Environment
Politicians’ declared desire to ensure the conditions needed for people to benefit from accessible lending costs cannot be achieved by establishing stormy fiscal measures without an impact study (...)
Feb 14, 2019
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#Romania2019.eu/EU introducing new rules offering businesses more transparent, fair, predictable online platform environment
The EU is introducing new rules offering businesses a more transparent, fair and predictable online platform environment, as well as an efficient system for seeking redress.
Romania's (...)
Feb 14, 2019
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Section for Magistrates’ Investigation:Accreditation of idea that prosecutors act as ’a firing squad’ - a dangerous pressure
The Special Section for Magistrates' Investigation argues that the speculations that surfaced in the press regarding the political influences regarding the case opened on the name of (...)
Feb 14, 2019
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UPDATE/Iohannis asks Section for investigating crimes in Justice to quickly clarify situation regarding Kovesi case
President Klaus Iohannis requests the Section for investigating crimes in Justice to quickly clarify the situation regarding the case opened on the name of former prosecutor-in-chief of the (...)
Feb 14, 2019
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#Romania2019.eu/Senior official Ciamba represents EU Council in a debate on security threats related to rising Chinese technological presence
Romania's Minister-delegate for European Affairs George Ciamba represented the European Union Council in a debate on security threats connected with the rising Chinese technological (...)
Feb 14, 2019
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Iohannis asks Section for investigating crimes in Justice to quickly clarify situation regarding Kovesi case
President Klaus Iohannis requests the Section for investigating crimes in Justice to quickly clarify the situation regarding the case opened on the name of former prosecutor-in-chief of the (...)
Feb 14, 2019
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PNL’s Orban says action undertaken in Kovesi case - political vengeance orchestrated by JusMin, PSD Chairman
Chairman of the National Liberal Party (PNL) Ludovic Orban believes that the action undertaken by the Special Section for Magistrates' Investigation against former prosecutor-in-chief of (...)
Feb 14, 2019
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USR’s Barna says USR-PLUS alliance asks President Iohannis to start justice referendum
The Save Romania Union (USR) - PLUS Alliance is calling on President Klaus Iohannis to start a referendum on justice legislation, USR national leader Dan Barna said on Thursday adding that the (...)
Feb 14, 2019
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