Prime Minister Dacian Ciolos said on Wednesday that during his meeting with British Premier David Cameron, he insisted on the need to finding solutions in connection with the free movement of workers in the European Union that would not come against the social rights conferred through the European legislation, showing that most of the Romanians who work in Great Britain pay their taxes. "I have talked with the British Premier (...) about the propositions the United Kingdom has to improving the activity within the EU and to thus have a positive approach of the UK as regards its staying in the EU. They are mostly right, their propositions could be supported by Romania except for the matter of the rights of the workers in the EU, the free movement of workers, of the employees. Here I have insisted on the need to finding solutions that would not come in contradiction to the rights that are already conferred by the European legislation, in particular when it comes to the social rights, given that most of the Romanians who go to Great Britain, they go there to work, so they pay taxes and I believe that in the future solutions could be found to consider these preoccupations of Romania," said Dacian Ciolos at the Victoria Palace. He added that they have also tackled the topic of the bilateral relations between the two countries and the need to boost the economic cooperation between Romania and Great Britain. Cameron met Romanian leaders in Bucharest then headed to Warsaw to speak with Poland's new leaders. In Poland, Foreign Minister Witold Waszczykowski called Cameron's plans to limit welfare benefits to migrant workers "a point of contention." Prime Minister Beata Szydlo told reporters she believes the proposed cuts are "not acceptable" but says she is open to discussing the options, AP reports. Despite the divisive issue of benefits, Cameron, a Conservative, will find much in common with the new conservative leadership in Poland, which is Euroskeptic and does not want to adopt the euro currency any time soon.
Rosavis Prod, a business founded in 2007 by the Vica and Constantin Mihăilă family in northeastern Romania at Roşieşti, Vaslui County, which raises 2 million chickens annually, is investing EUR 10.8 million in a feed factory, Ziarul Financiar reported. Out of this, EUR 6.5 million will come...
Telecommunications operator Digi Communications (stock symbol DIGI) has hired investment bank Rothschild to evaluate a possible listing on the Madrid stock exchange of its Spanish business, the publication Expansión wrote on September 12, citing anonymous market sources, according to Ziarul Financiar. ...
Romania’s current account (CA) deficit in rolling 12 months has narrowed for the second consecutive month to EUR 32.12 billion in July, according to the data published by the National Bank of Romania (BNR). The 12-month rolling CA gap has thus narrowed by EUR 0.5 billion from June, after it previously contracted by EUR 1.4 […]
Romania's minister of finance, Alexandru Nazare, has been on a working visit to Washington, DC, from September 11 to 13 to strengthen economic and financial dialogue with American partners and attract new investors in key sectors for Romania, such as energy, infrastructure, and technology, the Ministry of Finance announced. The agenda of the visit included […]
The minister of investments and European projects, Dragoș Pîslaru, announced on the evening of Friday, September 12, that Romania has officially submitted the renegotiated National Recovery and Resilience Plan (PNRR) to the European Commission, after which the formal approval by the Commission and then the decision of the ECOFIN Council will follow. Romania has currently […]
The main risk for Romania's macroeconomic balances rests in the budgetary area and are related to the commitment for full implementation of the first and second packages this year and in 2026 – but even under the best case scenario, the measures legislated so far would not bring the general government deficit lower than 6% […]
