Latest News from Romania

Greek Money 'Boosts Bulgarian, Romanian Banks'

Capital flight from Greek banks last year has boosted deposits in Bulgaria and Romania, English-language Kathimerini says.

Deposits in Bulgaria rose 10% last year, while in its neighbor Romania the value was 8%.

Greece, on the other hand, saw a 23% slump over the same period.

Bulgaria's Average Monthly Wage Lowest in EU, Balkan Countries

Bulgaria ranks last in terms of income not only among EU member-states but also in the region, showed a survey of the Confederation of Independent Syndicates in Bulgaria (KNSB).

The nominal amount of the average monthly wage in Bulgaria of EUR 420 is about 5.5 times lower than the average levels for the EU, where it is EUR 2,293.

Greek money boosts Bulgarian and Romanian banks

The flight of capital from Greek banks last year appears to have boosted bank deposits in Bulgaria and Romania, as Grexit fears, capital controls, the political uncertainty and the 23-day bank shutdown led many small and medium-sized enterprises to relocate from Greece to the other two Balkan states in the European Union.

Every Third Bulgarian Lives in Dire Straits

Every third Bulgarian lives in dire material straits. 78.5% of households in the country have at their disposal a total income per one person below the means necessary to live.

BGN 2,235 are needed for a four-member family in order for them to live in a normal way in September.

European Funds Contribute to 4% Increase of Bulgaria's GDP for 2015

Romania is doing worse in terms of utilising European funds than Bulgaria, stated Vittoria Alliata di Villafranca who is heading a team at General Directorate Regional Policy of the European Commission and is responsible for Bulgaria, Croatia, Hungary, Romania and Slovenia.

 

Bulgaria Named Most Attractive Country for Automotive Industry - Survey

Bulgaria ranks first among ten European countries in its attractiveness to the automotive industry, a recent study of Automotive Cluster Bulgaria and Colliers International shows.

In addition, the text outlines the state of the automotive industry as of 2016.

Cigarette Smuggling Reaches New Peak in Romania

Cigarette smuggling in Romania recorded a sharp monthly increase of 22.8 per cent in September, the biggest monthly increase in the last two years, according to a study by the market research company Novel Research, commissioned by Romanian tobacco companies.

The black market share of the tobacco market thus rose to 18.3 per cent in September, up from 14.9 per cent in July.

Bulgaria, Russia in Spat over Seized Archives

The head of Bulgaria's State Archives Agency has called "unrealistic" a demand from Russia to receive USD 23 490 in return for archives the Soviet Union seized from Bulgaria during World War Two.

The price tag suggests copies of the archive will be sold for USD 1.74 per page, Mihail gruev, who heads the agency, has told the Bulgarian National Radio.

Romanian Liberals Back PM for New Term

Romania's technocrat Prime Minister Dacian Ciolos said on Tuesday that he would not run in the upcoming general elections but would accept another mandate as head of the cabinet if he finds he can work with the National Liberal Party and if it will support his ideas for reform.

EU Parliament to Discuss New Monitoring Mechanism on Bulgaria, Romania

The European Parliament is to discuss options to replace the current Cooperation and Verification Mechanism (CVM) on Tuesday.

The CVM is applied on Bulgaria and Romania, monitoring their progress in judicial reforms and fighting corruption.

Bulgaria, Romania Still Hope Canada Lifts Visas

As Monday's deadline loomed for a Belgian region to decide on whether or not to support the vexed EU-Canada trade deal, Bulgaria and Romania say they believe it will not affect their chances of achieving visa-free travel to Canada.

Serbia Prepares for First Royal Wedding in Decades

Prince Mihailo Karadjordjevic, a grandson of King Alexander I, is preparing a Serbian church wedding after he and his wife married in a civil ceremony in London.

The wedding will take place on Sunday, October 23, at St George's Church in Oplenac, near Topola in central Serbia, where members of the Karadjordjevic dynasty are buried, and which is also the royal family's home region.

Canada Abolishes Visas for Bulgarians As Of December 1, 2017

Bulgarians will be able to travel to Canada visa-free as of December 1, 2017.

The agreement was reached during emergency negotiations at a meeting of the European Council, which continued until early in the morning in Brussels on Friday.

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