Oana Tilica

FinMin Teodorovici says wishes to show a president can do, not only talk or keep silent

The Minister of Public Finance Eugen Teodorovici on Sunday announced on his Facebook page that he "voiced openness" to run in the party's contest for the designation of the best candidate for the presidential election, to demonstrate that a president can do, not only talk or keep silent.

Banks' lending standards tighten significantly in Q1 2019

Lending standards tightened significantly in Q1 2019 for both property purchase loans and consumer loans, reveals a survey conducted by the National Bank of Romania (BNR) on lending to non-financial companies and to the population. According to the survey, the banks kept their lending standards for non-financial companies unchanged as compared to the previous quarter.

IMF Mission to Romania, May 27 - June 7

A staff team of the International Monetary Fund (IMF) led by IMF Head of Mission Jaewoo Lee will be in Bucharest May 27 - June 7. On Monday, an IMF staff team led by Jaewoo Lee began a two-week visit to Bucharest to conduct an annual review of the Romanian economy, known as Article IV consultations. The team will discuss economic developments and policies with Romanian officials.

Uber, Bolt and Clever launch online petition demanding fast ride-sharing regulation

The Coalition for Digital Economy, an independent organization that represents the major ride-sharing and e-hailing companies in Romania Uber, Bolt and Clever, launched the online petition #continuam, an initiative for everyone who wants modern urban transport services to continue working in Romania, the association said in a release.

#Romania2019.eu/ EnviMin Gavrilescu: EU needs wider range of financial instruments to boost private innovation investment

The European Union (EU) needs a wider range of financial instruments to provide incentives to promote private investment in needed technological innovations, including increased funding for R&D and innovation, Romania's Minister for the Environment Gratiela Gavrilescu said at a joint news conference with European Commissioner for Climate Action and Energy Policy Miguel Arias Canete, at Parl

BNR forecasts 4.2 pct inflation for end of year

The National Bank of Romania (BNR) upwardly revised to 4.2 percent the inflation estimate for the end of the year, forecasting a 3.3 percent inflation for 2020, BNR governor Mugur Isarescu told a press conference in which he presented the quarterly report on inflation. In February 2019, BNR estimated a 3-percent inflation rate for the end of the year and 3.1 percent for 2020.

Heavy rain expected in 12 counties, raising weather instability for rest, until Sunday

The National Weather Administration on Thursday issued a new code yellow warning for t-storms in seven counties and the mountain area in five other counties, valid from Thursday, 12:00hrs until Friday, 06:00hrs, extending raising weather instability for the rest of the country until Sunday at 10:00hrs.

Liberal leader Orban: Referendum vital, as it allows Romanians to ban amnesty and pardoning of corruption crimes

Chairman of the National Liberal Party (PNL) Ludovic Orban told a press conference in Targoviste that the May 26 referendum "is vital" because it gives Romanians the possibility to ban through their vote amnesty and pardoning.

Code Yellow warning for heavy rains in 7 counties;accentuated atmospheric instability advisory for rest of country

The National Meteorological Administration (ANM) issued on Tuesday a Code Yellow warning for significant quantities of precipitations in seven counties, valid from Tuesday, 18:00hrs, to Wednesday, 10:00hrs, as well as an accentuated atmospheric instability advisory for the rest of the country, valid on Tuesday, 15:00hrs, until Friday, 10:00hrs.

Prices in Romania, up 0.61pct in April 2019; annual inflation rate rises to 4.1pct

Consumer prices in Romania rose by 0.61pct in April 2019 from the previous month and by 2.75pct from the end of 2018, while the annual inflation rate increased by 4.1pct on food prices advancing 4.98pct, non-food prices 3.66pct, and services 3.83pct, according to data with the National Statistics Institute (INS) released on Monday.

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