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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD AUGUST - OCTOBER 2017

September 27, 2017
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Romania's PM Bolojan plans separate ordinances to legislate fiscal measures rejected by Constitutional Court

The Government of Romania may draft several separate ordinances to legislate the fiscal measures initially included in a law, part of the second package of budgetary reforms, partly rejected by the Constitutional Court. The provisions put forth by the ruling coalition in a single law initially include critical measures, such as the "tax on [foreign] […]

Romania’s Constitutional Court issues detailed ruling on magistrates’ pensions law

The Constitutional Court of Romania (CCR) published its detailed ruling (motivation) on the magistrates’ pensions law on November 7. This should trigger the Government’s procedures for re-launching the law, according to statements by Prime Minister Ilie Bolojan and Social Democrat leader Sorin Grindeanu, who argue for different strategies.  While PM Bolojan wants the same bill […]

Romania’s Electrica reportedly bids for regional distribution branch Oltenia

Romania’s state-controlled electricity distribution and supply company Electrica (BVB: EL)  has submitted a non-binding offer for the acquisition of Distribuție Energie Oltenia (DEO), the electricity distribution company controlled by the Macquarie investment fund, according to

Romania says it is close to taking over Moldova's seaport Giurgiulesti

The Government of Romania, through its seaport company Administratia Porturilor Maritime (CNAMP), is close to buying Moldova's largest port, Giurgiulesti (PILG), from the European Bank for Reconstruction and Development (EBRD), announced Romania's Minister of Transport, Ciprian Șerban, speaking for

Bucharest museum of natural history adds audio guide in Ukrainian

Bucharest’s Grigore Antipa Museum of Natural History is now offering an audio guide in Ukrainian. The guide, made in a partnership with Ukraine’s Embassy to Romania, adds to the museum’s existing ones in Romanian, English, and Turkish. The project is part of an initiative started by Ukraine’s first lady, Olena Zelenska, and rolled out in […]

Remains of last ruler of Moldavia brought back to Romania

The remains of Grigore Alexandru Ghica, a prince of Moldavia in the second half of the 19th century, have been brought back to Romania from France’s Le Mée-sur-Seine this past weekend. After lying in state at Cotroceni Palace, the headquarters of the Romanian Presidency, the coffin with his remains will travel to Focşani and Iaşi, […]