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Euro close to historical maximum again, rate constantly over RON 4.66 since last week: reaction by BCR’s Horia Braun

News March 19, 2018 16:48 0 comments

The official EUR exchange rate reported on Monday by the Romanian National Bank (BNR) was RON 4.6650/euro, close to the historical maximum of RON 4.6679/euro. However, at the beginning of the day this level had…more »


Commission for the adoption of the euro to be established soon, says Dragnea

News March 19, 2018 15:50 0 comments

PSD President Liviu Dragnea announced on Monday that a national commission for the approval of the plan to adopt the euro currency in 2024 will be formed, and it will include representatives of the Romanian…more »

Google turning “Where can I buy?” searches into cash

Online March 19, 2018 13:27 0 comments

Google users make millions of searches daily about specific products, and the company has decided that it’s a good opportunity to make some money off these searches, Reuters reports. The company is teaming up with…more »


UK business lobby: Britain should avoid losing EUR 1bn in yearly EU research funding

News March 19, 2018 10:43 0 comments

The Confederation of British Industry (CBI), Britain’s biggest business lobby group, is calling for the UK government to state its intention to renew its membership of the EU framework programme for research and development after…more »

Bumper to bumper traffic

Vehicle registrations up 3.5 pct in February 2018

Auto March 19, 2018 10:02 0 comments

The number of registrations for new vehicles in Romania increased in February by 3.52 percent compared to the same month of 2017, reaching 12,401 units, according to the Driver’s Permits and Vehicle Registrations authority (DRPCIV).…more »

Lee (IMF): ANAF’s IT system is outdated and has a negative impact on tax collection

IT March 16, 2018 17:22 0 comments

Jaewoo Lee, the chief of the IMF’s Romania delegation, said in a press conference that the National Fiscal Administration Agency (ANAF)’s IT system is outdated, and that this has a material impact on the efficiency…more »

eugen teodorovici

Finance minister: Romanian administration is outdated in its mindset

News March 16, 2018 16:19 0 comments

Eugen Teodorovici, the Public Finance minister, said today that the Romanian administration is old – not biologically, but in its mindset and its openness to change, and young people hold the solution. Teodorovici said that…more »

Isarescu: In the 1990s it was inconceivable to propose a law without an impact assessment

Banking March 16, 2018 15:01 0 comments

Mugur Isarescu, the Governor of the National Bank of Romania (BNR), said at a conference today that the fact that laws are being discussed without impact assessments being conducted should give us something to think…more »

Ryanair to stop flights from Oradea and Craiova, after closing Timisoara base

Airlines March 16, 2018 12:37 0 comments

The largest low-cost airline in Europe will continue to reduce its operations in Romania in its upcoming winter schedule, which will start in October, by cancelling flight services from Oradea and Craiova. In February, Ryanair…more »

state department

US goes soft on NATO allies that have not met 2 pct GDP target for defense

News March 16, 2018 12:10 0 comments

The US State Department organised a telephonic press briefing with General Tod D. Wolters, Commander of US Air Forces in Europe and Africa, on the subject of defense strategy and military activities of the US…more »

banca transilvania

Banca Transilvania to complete takeover of Bancpost in early April

Banking March 16, 2018 11:36 0 comments

Banca Transilvania will begin the procedures for finalising the transaction with Eurobank Group in order to acquire Bancpost shares, according to a statement published on the Bucharest Stock Exchange website. According to the document, Banca…more »

hawking equation black holes

The formula Stephen Hawking wanted on his gravestone

News March 16, 2018 10:37 0 comments

Stephen Hawking, the world-renowned physicist who died this week at 76 years old after living with ALS for most of his life, had decided a long time ago what loved ones should carve into his…more »

risk of poverty

Romania has the highest in-work poverty risk in EU

News March 16, 2018 09:25 0 comments

According to data from Eurostat, the risk of in-work poverty in Romania was almost double (18.9 percent) in 2016 compared to the EU average (9.6 percent). Romania has the highest in-work poverty risk in the…more »

eugen teodorovici

 State owned companies will be required to participate in public auctions

News March 15, 2018 17:25 0 comments

The government approved a memorandum which includes a series of measures regarding companies with a full or majority state ownership. In short, these companies will be required to participate in public auctions organised by publicly…more »

stephen hawking family

Late physicist Stephen Hawking leaves his three children a fortune of USD 20 million

News March 15, 2018 16:46 0 comments

World-renowned physicist Stephen Hawking, who died yesterday aged 76, is said to have left his three children a fortune of around USD 20 million, according to Stephen Hawking was diagnosed with amyotrophic lateral sclerosis…more »

Over a third of Romanian companies are unaware of GDPR legislation, two months before implementation

Legal March 15, 2018 15:58 0 comments

According to a study by MKOR, more than a third of Romanian companies (37 percent) do not yet know about the GDPR (General Data Protection Regulation) or believe that the regulation does not apply to…more »


As Rabla Clasic and Rabla Plus programmes are launched, Environment minister says no pollution tax will be introduced in near future

Auto March 15, 2018 15:32 0 comments

A new edition of the “Rabla” programme has started today, for both individuals and companies, two months earlier than the 2017 session, with a budget of RON 133 million. The “Rabla Plus” extension will begin…more »

donald trump

Trump admits he lied about Canada in past meeting with Justin Trudeau

News March 15, 2018 14:59 0 comments

In a fundraising speech on Wednesday, US President Donald Trump boasted about having made up facts in a meeting with Justin Trudeau, according to the Washington Post. Trump had said that the US runs a…more »

This weekend in Bucharest: One World Romania 11 – International human rights & documentary festival

News March 15, 2018 13:57 0 comments

Between March 16 and 25, you’ll be able to watch over 70 documentaries and 180 projections in 8 partner locations during the One World Romania International Documentary and Human Rights Festival, which is at its…more »

This Weekend in Bucharest: Romanian Youth Orchestra 10th anniversary tour

News March 15, 2018 13:15 0 comments

The Romanian Youth Orchestra is going on a tour to celebrate 10 years since its establishment – 10 years of success on stages in Romania and Europe. The performances will be conducted by Cristian Mandeal,…more »