Romania needs right-wing vision, says Nicolae Ciuca, at presentation of his candidacy for Romanian presidency
Romania needs a right-wing vision, chairman the National Liberal Party (PNL) Nicolae Ciuca said on Wednesday at the presentation of his candidacy for the Romanian presidency. "We are in a situation in which Romania has changed and is changing, the international situation has changed and we see that, unfortunately, it is changing more and more often, so we
Fiscal system needed, that encourages responsible capitalism, CECCAR considers
Measures that contribute to supporting the business environment need to be expanded and a fiscal system that encourages responsible capitalism should be put in place, considers Robert Sova, vice-president of the Upper Council of Romania's Chartered Accountants and Experts Body (CECCAR), as cited in a statement. Together with the Daruieste Viata/Gift of Lif
European car industry in crisis: Falling sales and competition from China (enr)
Slowing the production of cars with internal combustion engines down and at the same time drive the production of cars with electric engines forward - these are the goals set by the European Union and its member states. Despite subsidies for EVs introduced in some countries, sales of electric cars are crashing and the European car market is plunging into crisis.
Pension law - an electoral sweetener, union leader at miners and energy workers' protest says
Hundreds of miners and energy workers rallied on Wednesday in a protest in front of the Romanian government's offices, dissatisfied with the recalculation of their pensions, but also with the situation in the energy system. The protesters carry signs reading: "Our work & sacrifice get pension cuts in reward!", "You - padded with special
Neptun Deep is progressing according to plan with a view to natural gas first deliveries in 2027(OMV Petrom)
Neptun Deep is progressing according to plan with a view to the first deliveries of natural gas in 2027, which will contribute to Romania's energy security, OMV Petrom, the largest integrated energy producer in South-Eastern Europe, operator in the Neptun Deep project, announced on Wednesday in a press release sent to AGERPRES. OMV Petrom announces the sta
Inconceivable to install materials with technology from 15-20 years ago in photovoltaic systems with EU money(association)
The programme to help vulnerable people, through the National Recovery and Resilience Plan, in order to improve the energy efficiency of households, presents deficiencies from the very beginning because it is inconceivable that in 2024, with European money, in photovoltaic systems to install materials with technology from 15-20 years ago, warns the Association of Prosumers (
Bucharest Stock Exchange closes lower Tuesday's session
The Bucharest Stock Exchange closed Tuesday's session lower on almost all indices, with trading of 35.11 million RON (7.06 million euros), of which 26.84 million RON (5.39 million euros) represented transactions with shares. The most liquid stocks were those of Transilvania Bank, with transactions of 5.2 million RON, followed by the shares of OMV Petrom, w
Central bank foreign reserves up to EUR 65,778 million in September
National Bank of Romania's (BNR) foreign exchange reserves at the end of September 2024 stood at EUR 65,778 million, compared to EUR 63,187 million on 31 August 2024, according to a BNR release sent to AGERPRES on Tuesday. During the month, the following flows were recorded: EUR 6,050 million worth of inflows representing: changes in credit institutions
Challenges of old age must be met with respect and empathy, says Princess Sofia
The challenges of old age must be met with respect and empathy, and the development of concrete and lasting solutions must continue, Her Royal Highness Princess Sofia, member of the Board of Directors of the Royal Margareta Foundation of Romania, said in her message on the occasion of the International Day of teh Elderly. "I would like to convey my full a
Allview CityZEN, new 100% Romanian vehicle 'electrifies' Bucharest Auto & Accessories Show's 2024 edition
The Romanians from Allview are coming to the specialty exhibition with the new CityZEN, a 100% electric vehicle, launched in December 2023, which can be driven starting from the age of 16. Built from robust steel, CityZEN has the advantage of a low energy consumption of approximately 8 kW/100km, which places it among the most economical vehicles on the market.
Romania needs more higher education graduates, President Iohannis says
Romania needs more higher education graduates because the sustainable economic development and the society our country aspires to can only become a reality through the contribution of as many as possible "well-prepared and competitive citizens who put their creativity to work", President Klaus Iohannis declared on Tuesday at the opening of the academic year at the
Economies seek to ensure robustness of economic growth, its long-term sustainability, central bank governor says
Economies, Romania's included, aim to ensure the robustness of economic growth and its sustainability in the long term, and the recent episode of high inflation rate led the central banks to respond through a cycle of monetary policy tightening, stated, on Tuesday, the governor of the National Bank of Romania, Mugur Isarescu, during a conference. "The
Decision not to tax pensions under 3,000 RON comes into force on International Day of Elderly
The decision on the non-taxation of pensions under 3,000 RON, a measure that applies to all pensions in the public system, but also to the defence and public order system, will come into force on Tuesday, the International Day of the Elderly, prime minister Marcel Ciolacu said. "Today, on the International Day of the Elderly, the decision on the non-taxat
U.S. EXIM Bank commits $99 ml to Doicesti SMR project
The Export-Import Bank of the United States (EXIM) has approved a financial commitment of up to $99 million for RoPower Nuclear S.A., to finance the development of the Doicesti small modular reactors (SMR) project, the Romanian company announced in a statement. This commitment is part of an initial $275 million funding package which includes significant contri
Romania must be homeland of all its citizens, regardless of ethnicity, religion or language (Senate's Ciuca)
Romania must be the homeland of all its citizens, regardless of ethnicity, faith or language, the president of the Senate, Nicolae Ciuca, said on Monday. "I was honored to meet today at the Senate with representatives of Jewish communities from several countries to mark 145 years since the granting of Romanian citizenship to Jews, an important historical