Romania

Prime Minister Mihai Tudose says the government deficit of 3.2 percent of the of Gross Domestic Product (GDP) in mid-2017 means one below 3 percent at the end of the year, noting that opposition voices claiming there is no money to pay the pensions and wages show irresponsibility as far …

Romania’s trade balance posted a deficit of EUR4.46 billion in January-May, EUR680 million higher than in the same period in 2016, the country’s statistics board said Monday. (mediafax)

Japanese companies in Great Britain want to move their businesses to Romania, in the context of Brexit and due to the economic growth registered by Romania, but are calling on the government to ensure a predictable economic environment, government sources told MEDIAFAX on Wednesday. (mediafax)

The US Department of State has “made a determination” approving a possible Foreign Military Sale estimated at USD 3.9 billion to Romania for Patriot air defense systems, related support and equipment, it was announced Tuesday.

Some 5,000 NATO soldiers and partner countries conducted training operations in Romania, followed by Romanian president. The exercise runs until July 20th. Romanian President Klaus Iohannis and head of the NATO Military Committee, General Petr Pavel, who is a two-day visit to Romania, they were received with military honors prior …

NATO’s new missions in Eastern Europe, aimed at discouraging Russia from striking American allies are now “fully operational” before Russian mass drill in the region. NATO Secretary General Jens Stoltenberg announced on Thursday that the Alliance’s “forward presence is fully operational in Estonia, Latvia, Lithuania and Poland. This sends a …

One out of three companies in Romania will be exposed to insolvency risks if the government replaces the 16% flat tax on profit with a tax on turnover, showed a study by Iancu Guda, president of the Romanian Association of banking analysts. (Mediafax)

The unemployment rate in Romania stood at 5.5% in the first quarter of 2017, the same as in the fourth quarter of 2016, the country’s statistics board said. The jobless rate stood at 6.3% among men and at 4.4% women. By areas of residence, the jobless rate was 6.4% in …

The Governments of Bulgaria and Romania aim to modernize Danube ports, to ensure conditions for navigation and development for river transport and to build new road bridges, said Romanian President Klaus Iohannis at the Romania – Bulgaria Business Forum, an event he attended together with his Bulgarian counterpart Rumen Radev. …

President Klaus Iohannis will participate on Thursday at the “Three Seas Initiative” Summit (the Baltic -the Adriatic – the Black Sea) to be held in Warsaw where the President of the United States of America, Donald Trump will also be present, as special guest. (Agerpres)