Manfred Weber, the leader of the EPP group in the European Parliament commented on the new PNL-PSD political alliance saying that Romania needed government stability and expressed his confidence that PNL, the new party president Florin Citu and president Klaus Iohannis are involved in Romania's reform. In Romania we need stability, considering the Covid 19 situation and the economic impact of PNRR. That is why it is all right if the parliament can agree to a government which cam implement things and take Romania forward. As for political considerations, we have full confidence in our colleagues, they have the mandate and stability is a very good result, said Manfred Weber about the alliance between PSD and PNL. Asked whether he had asked leaders in Romania not to overstep certain “red lines”, Weber answered that he had full confidence in his colleagues in Romania, in PN, in the new party president and in the president of the country that they are engaged in reforming Romania, taking it to a European direction. (Photo:https://www.eppgroup.eu/)
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
