Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Gov’t sitting. PM Dancila about budget execution in...

Gov’t sitting. PM Dancila about budget execution in first nine months: Investments, up to 15.2 bln lei

October 31, 2018

The budget execution in the first nine months of the year shows the attention paid to investments, which have reached 15.2 billion lei, and to honoring the Government’s commitments to increase the incomes of the population, Prime Minister Viorica Dancila said on Wednesday. “The budget execution in the first nine months shows the attention paid to the investments and the honoring of the Government’s commitments to increase the incomes of the population. The investments have reached 15.2 billion lei, 25.7 percent higher than in the same period last year. During this period, 9.4 billion lei from European funds have entered the economy and I am referring to payments made, a 20 percent increase over the same period last year,” Dancila said at the beginning of the Government sitting. The prime minister maintained that the budget execution reflects “the steady rise in Education and Health wages granted as of 1 March and the increase in pensions, commitments assumed in the Governing Program.” “We are responsible for the public finances. We fit into the budget deficit target of up to 3 percent of the Gross Domestic Product,” Prime Minister Viorica Dancila stated.   Government approves draft law on archives, to allocate 1 mln euro for National Archives seat   The Government will approve on Wednesday the draft law on archives and will allocate one million euro as co-financing share in a European money-funded project aimed at architectural and consolidation works on the seat of the National Archives, Premier Viorica Dancila said. “We have the draft law on archives on the agenda. It is an extremely important project for us, which we have assumed in the governing program. We will ensure better management of the archive fund, we will delineate more clearly the responsibilities of the public sector and the private sector and we will facilitate public access to archive documents. Moreover, we will also strengthen the status of the National Archives of Romania as a unique authority in the field and archives in general, as an essential identity element and an instrument of good governance. I am glad that we can pass this draft in the year of the Greater Union Centennial, and right on the day we celebrate the National Archives Day,” Dancila said on Wednesday in the opening of the Government sitting. The Prime Minister has stated that for the functioning of the National Archives, one million euro will be allocated to co-finance the project titled ?Restoration of the Seat – Historical Monument of the National Archives.’ “The total value of the project is 5 million euro, and 80pct of this amount represents European money. The project provides for architectural refurbishment works and consolidation of the Archives’ seat, one of the most representative buildings of the Capital,” said Viorica Dancila.

Read in full - click here
EP president Roberta Metsola to receive Timișoara Award for European Values at May ceremony

Roberta Metsola, president of the European Parliament, has been named the 2025 laureate of the Timișoara Award for European Values, an honor established by the Municipality of Timișoara, western Romania. She will receive the award during a gala ceremony on May 22. The jury, composed of prominent Romanian professionals from various fields, recognized Metsola for […]

Romania’s interim president calls for responsible environmental action on Earth Day

Romania’s interim president, Ilie Bolojan, delivered a message on Tuesday, April 22, to mark World Earth Day, emphasizing the importance of environmental care for both current and future generations. He stressed that a clean environment is essential for quality of life, public health, and the sustainable...

Romania’s USR leader plans to “deeply restructure” her party

The leader of the Romanian reformist party USR, Elena Lasconi, a presidential candidate for the May 4 ballot with ambiguous support from her own colleagues, announced imminent thorough reforming of her party, apparently involving the replacement of the top leadership that withdrew her support recently. However, the odds for her to conduct the reforms are […]

Hungarian investor builds EUR 20 million mineral wool factory in Romania

Hungarian company Alpin Szig es Szerkezet Epitoipari, through its wholly-owned Romanian subsidiary Mineral Insulation, announced that a mineral wool factory with an annual capacity of 30,000 tons will be built in Miercurea-Ciuc, central Romania,  upon a project involving EUR 20 million investments, announced the mayor of the town, Korodi Attila, and Orban Zoltan, on the side […]

Bucharest municipality issues RON 555 mln bonds to refinance its debt

The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed. The issue was heavily oversubscribed, with banks placing orders for 190% of the […]

Restart Energy enters pre-insolvency procedure amid cryptocurrency fraud probes involving founder

Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company's founder,