Oana Tilica

FinMin Nazare, European officials discuss Romania's prospects for economic growth in 2021

On a working visit to Brussels, Romania's Finance Minister Alexandru Nazare discussed with senior European officials Romania's economic growth prospects for 2021, narrowing its government deficit to below 3% of GDP by 2024 and introducing new measures to boost the economy under the SURE Instrument.

European Commission raises forecasts for Romania's economic growth in 2021, 2022

Romania's economy will grow by 5.1% in 2021 and 4.9% in 2022, as against advancing 3.8% in 2021 and 4% in 2022, as estimated this February, according to the Spring 2021 Economic Forecast published by the European Commission on Wednesday. Unemployment is projected at 5.2% in 2021 and 4.8% in 2022, from a 5% last year.

Unstable weather expected in six counties through Thursday morning; rain showers through Friday

The National Weather Administration (ANM) has issued a Code Yellow warning for unstable weather valid through Thursday morning in six western counties. According to meteorologists, May 12, 16:00hrs - May 13, 10:00hrs, in Banat, Crisana, as well as the southwest of Oltenia, there will be spells unstable weather in the form thunderstorms, hail and torrential rain showers.

Unemployment rate 3.33 pct at end of March

The unemployment rate recorded at the national level was 3.33 pct at the end of March, 0.02 percentage points lower than the previous month, according to a release of the National Employment Agency (ANOFM), sent, on Thursday, to AGERPRES. The value of the indicator was by 0.46 percentage points higher than that recorded in March 2020.

Romania attracts 3.5 billion euros from foreign capital markets, through bond issue

Romania, through the Ministry of Finance, launched on April 7 this year's first issue of Eurobonds that attracted 3.5 billion euros on the international capital markets, which enjoyed a special interest from investors, according to a press release of the Ministry of Finance, sent on Thursday to AGERPRES.

ANRM: Romania's interest is in Black Sea natural gas investment to start in 2022, or deposits will devalue

 Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.

Unemployment in Romania reaches 3.35pct at end-February 2021

Romania's national unemployment rate was 3.35% at the end of February, up 0.01 percentage points on a monthly basis, according to a press statement released by the National Employment Agency (ANOFM) on Wednesday. The rate was 0.42 percentage points higher y-o-y. The total number of the unemployed at the end of February 2021 was 293,461, 1,245 more than at the end of the previous month.

Energy Ministry official: Electricity Law rewritten with EBRD assistance, Natural Gas Law to be upgraded

The Electricity Law is being rewritten under a consultancy program, with the help of the European Bank for Reconstruction and Development (EBRD), and the Romanian authorities are in talks with the World Bank for support for upgrading the Natural Gas Law, Secretary of state with the Energy Ministry Niculae Havrilet told a specialist video conference today.

ANM: Code Orange of snowfall and snowstorm in 13 counties

The National Meteorological Administration (ANM) on Wednesday issued a series of Code Yellow and Code Orange alerts of snowfall and blizzard in the mountainous and sub-mountainous areas, respectively a bad weather information targeting the entire country, which will take effect on Thursday morning.

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