28.07.2017

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Social contributions - owed by employees, established, retained and paid to state budgets by employers

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Employees will owe the mandatory social contributions starting with January 1, 2018, however employers will still have the obligation to establish, retain and pay them to the social security budgets, the representatives of the Ministry of Public Finance specify in a press release issued by MFP and sent on Thursday to AGERPRES. "The 2017-2020 Governing Programme contains a package of measures aimed at the mandatory social contributions that are to be implemented from January 1, 2018. Thus, the

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FP: Mandate contracts of Hidroelectrica Supervisory Council members increase corruption risk

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The mandate contracts of the Hidroelectrica Supervisory Council members, proposed by the Energy Minister increase the risk of potential, corrupt and abusive practices, because they eliminate or substantially reduce a few of the key-obligations of the Council's members, reads a press release of Fondul Proprietatea sent on Wednesday to AGERPRES. "Fondul Proprietatea expresses its indignation and surprise at the amendments proposed by the Energy Minister to the current mandate contracts of the Hi

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Firemen intervene in 17 counties affected by adverse weather; 30 victims reported

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Military firemen have intervened over the past 24 hours in 17 counties affected by heavy rain and adverse weather, and 30 victims were reported nationwide. "Because of strong gusts of wind and lighting, as many as 30 victims were reported nationwide. Moreover, 687 trees have fallen on roads, cars, homes and electricity pylons, with 24 roofs and 72 cars having sustained damage," reads a statement released by the Inspectorate General for Emergencies (IGSU) on Wednesday. Furthermore, floods in

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Battle flags handed to radiolocation recon and surveillance structures on Radiolocation Day

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Defence Minister Adrian Tutuianu on Tuesday handed battle flags to several radiolocation reconnaissance and surveillance units on Radiolocation Day, telling radiolocation troops that that their job is decisive to securing Romania's "clear skies." The National Defence Ministry (MApN) said Wednesday in a press statement that the battle flags were handed to the 76th Dacia, Reconnaissance and Surveillance Brigade; General Neculai Iordache Radiolocation and Early Warning Reconnaissance and Surveill

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Romania adds gold, silver to its Games of La Francophonie 2017 medal tally

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Romanian athletes on Tuesday won a gold medal and a silver medal at the Games of La Francophonie 2017 in Abidjan (Cote d'Ivoire). Both medals came in the men's javelin throw event: the gold went to George Catalin Zaharia, for a 74.67m throw, and the silver went to Alexandru Mihaita Novac, for a 68.85m throw. Romania's medal tally has thus reached 18, of which five gold, six silver and seven bronze. In the men's 110 metres hurdles, Cosmin Dumitrache finished 5th, for his 14.32 time. In th

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Romania champions growth among world Frontier Markets as returns exceed 40 percent

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Romania ranks 1st among world's Frontier Markets considering the growth of the returns in US dollars, which have exceeded 40 percent year to date, according to a press statement released by the Bucharest Stock Exchange (BVB) on Tuesday. "Romania's equity market is profiting from the positive macro backdrop. BET Total Return (BET-TR) index, which also includes the dividends distributed by the most traded companies listed on Bucharest Stock Exchange (BVB), has jumped by over 40 percent in USD te

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Romania wins seven more medals at Games of La Francophonie 2017

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Romanian athletes on Monday won seven new medals, three golds, one silver and three bronzes, at the Games of La Francophonie in Abidjan, Ivory Coast. Romania's medal tally has thus reached 16 medals, of which four golds, five silvers and seven bronzes. In the table tennis competition, Alina Georgiana Zaharia and Alex Manole won the gold medal in the double mixed event, as they defeated in the final French duo Oceane Guisnel /Joe Seyfried, 3-2 (12-10, 11-7, 4-11, 6-11, 11-9). In the team fi

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Ambassador Ramiro Fernandez Bachiller: Romania - an important market for Spanish investors

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Ambassador of Spain in Bucharest Ramiro Fernandez Bachiller stated at the meeting with Prime Minister Mihai Tudose that Romania represents an important market for the Spanish investors, bigger than the ones in Argentina, South Korea, Russia or Canada, and it's comparable to the Japanese or Brazilian market, informs the Executive in a press release sent on Monday to AGERPRES. Prime Minister Mihai Tudose discussed with the Ambassador of Spain to Romania about the prospects of intensifying bilate

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EximBank and Canah International, 1 million lei financial agreement

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EximBank and Canah International, one of the main producers of hemp seed natural products have signed a one million lei financial agreement, aimed at continuing the company's investments meant to achieve its business goals, reads a press release issued by the bank. "This cooperation is a special one, as far as we are concerned, given that we have a partner that stands as a real model of entrepreneurship. A model that demonstrates that great ideas can turn at any time in viable businesses, and,

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Seven cities vying for Romania's Youth Capital title

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Seven cities - Alba Iulia, Baia Mare, Galati, Iasi, Ploiesti, Satu Mare and Suceava - have filed bids this year to win the title of Romania's Youth Capital, which includes winning a 50,000-euro prize. Photo source: Bacau, Romania's Youth Capital / Facebook According to a press statement released on Monday, this is the second competition this year under this national programme, which is similar to the principles of the European Youth Capital, a title held by Cluj-Napoca in 2015. The program

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