February 11, 2019

Minister-delegate Ciamba on Brexit: Romania’s business milieu should get ready for any outcome
Feb 11, 2019

Minister-delegate Ciamba on Brexit: Romania’s business milieu should get ready for any outcome.
Minister-delegate for European Affairs George Ciamba called on Monday on Romania’s business milieu to get ready for "any possible outcome" in the case of the UK’s withdrawal from the EU, mentioning that it could be confronted with the consequences of a "disordered withdrawal." "We want to use this occasion to also (...) launch a call from Romania’s Government to Romania’s business milieu to start or continue to get ready for any possible outcome. (...) The EU member states are affected differently by Brexit, depending of the geographic proximity to the UK, but also depending on the level of commercial exchanges, but this doesn’t mean that there is no effect. There is an effect and it will be pretty important for Romania’s business milieu also, which can be confronted with the consequences of a disordered withdrawal. It is absolutely necessary to foresee the measures that shall be adopted in view of softening the effects of a ’no deal’ scenario," Ciamba stated at the Foreign Affairs Ministry (MAE) headquarters, within a debate on this topic. He explained that the event he participated in is part of an information campaign regarding Brexit, which isn’t just about the citizens’ rights, but also about the effects of the UK’s withdrawal from the EU on the business milieu, but also the ones at macroeconomic level. "It’s not only about what we have in the bilateral relation with the UK from a commercial point of view. When talking about the economic operators, they have to be careful and see which is the level of disjunction that will be on the rest of the markets, because it is clear that the single European market, in its entirety, can be affected by a brutal, without an agreement withdrawal of the UK from the EU and it’s very important to see not only the effects of round one, they should look at the effects of round two as well, because there might be some considerable effects in traditional markets for Romania," he said. The dignitary warned that the UK’s withdrawal from the EU without an agreement doesn’t represent "an abstract matter," but one that can affect us and which Romania should be ready for. "It’s important, while holding the Presidency of the EU Council, not to forget about the preparation at national level. We, what we are doing at the Council level is at a very fast pace (...) from the Council’s point of view, I believe that we are moving fast enough and we will be on time," Minister George Ciamba added. Minister Ciamba also said that Brexit "is an unusual situation" for the EU, "a black swan." "Normally, the European project wasn’t built and doesn’t have within all the necessary leverages to allow (...) the countries that joined it to withdraw afterwards. (...) A European integration process cannot be built with safeguards if some of those who are part of the club get out," Ciamba stated. AGERPRES (RO - author: Catalin Alexandru, editor: Mihai Simionescu; EN - author: Rodica State, editor: Adina Panaitescu)

[Read the article in Agerpres]

Dafora Medias Switches To RON5M Loss In 2018, From RON253M Profit In 2017 Romanian drilling company Dafora Medias (DAFR.RO) on Friday said it ended 2018 with revenue of RON112 million, up 50% versus 2017, but it switched to loss, posting a negative result of RON5.4 million, compared with a profit of RON253 million a year (...)

Romania's Halep advances to Qatar Total Open singles final World number three and top seed Simona Halep of Romania on Friday advanced to the women's singles final of the 916,131-USD Qatar Total Open tennis tournament after defeating Ukrainian Elina Svitolina, world number seven, 6-3 3-6 6-4, as she was led 4-1 in the deciding set. Their (...)

Romania Ranks 15th In The EU By New Car Registrations In January 2019 Romania ranks 15th in the European Union, with a volume of 13,952 new car registrations, up 18.8% compared with January 2018, Romania’s association of automotive manufacturers ACAROM said Friday.

UPDATE/Iohannis: Budget proposed by PSD-ALDE shows total contempt for Romanians' expectations President Klaus Iohanis believes the budget proposed by the Social Democratic Party (PSD) - the Alliance of Liberals and Democrats (ALDE) ruling coalition, adopted by Parliament on Friday, shows the majority coalition's total contempt for Romanians' expectations, "who want (...)

#Romania 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 directive on natural gas, which will lead to the consolidation of energy security in the EU, PM Viorica (...)

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 extradition of disgraced businessman Nicolae Popa. She went to the Attorney General's Office on (...)

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 of the play in investment, local administration appropriations, as well as increases in pensions and (...) : all romanian news. Copyright © DIRECTWAY | News RSS |