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Bucharest to host 5th edition of European Literature Night on September 9

By   7 months ago

Bucharest, August 22, 2016/Independent Balkan News Agency The 5th edition of the European Literature Night in Bucharest, an event by the EUNIC European Network of Cultural Institutes hosted annually by more than 70 cities from around the world, will be held in the central area of the city on September 9. Organisers say the event […]

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Two Romanian movies in the lineup for Palme d’Or

By   11 months ago

Bucharest, April 14, 2016/Independent Balkan News Agency By Irina Stoica Two Romanian director have shots at this year’s Palme d’Or, marking an unprecedented success. Cristian Mungiu and Cristi Puiu’s movies have been selected in the official lineup of the Cannes Festival that takes place in May, according to information made public by the festival’s organizers. […]

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Public fundraiser for Brancusi sculpture has started

By   12 months ago

Bucharest, April 12, 2016/Independent Balkan News Agency By Irina Stoica The public fundraiser aimed at purchasing a famous sculpture by Constantin Brancusi hasofficially started. It was the Minister of Culture who made the first donation in this effort where the Government hopes for a huge public support in order to gather 6 million euros. On the 16th of March, […]

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Romania launches national subscription for thesaurus sculpture

By   1 year ago

Bucharest, March 18, 2016/Independent Balkan News Agency By Irina Stoica Romanians will be asked to make a financial contribution to help the Government buy a thesaurus sculpture by the country’s most famous artist, Constantin Brancusi. The Ministry of Culture will soon launch a national subscription to help the acquisition Brancusi’s “Wisdom of the Earth”. The […]

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Record selling price form Romanian painter

By   1 year ago

Bucharest, February 12, 2016/Independent Balkan News Agency By Irina Stoica A painting by Romanian-bord artist Adrian Ghenie sold for 4,000,000 euros (3,1 GBP) at an auction, setting an all-time record for the young painter. Sotheby’s hosted the auction in London. “The Sunflowers in 1937” is a large oil-on-canvas work is inspired by Vincent van Gogh’s […]

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Romanian artist honored by Queen Elisabeth II

By   1 year ago

Bucharest, January 4, 2016/ Independent Balkan News Agency By Irina Stoica Romanian pianist Radu Lupu has managed to „play” his way to one of the highest distinctions offered by Queen Elisabeth the II nd. Lupu was appointed as a Commander of the Order of the British Empire (CBE) title for “his services to music”, according […]

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Famous actress Glenn Close starred in Bucharest

By   1 year ago

Bucharest, October 26, 2015/Independent Balkan News Agency By Irina Stoica The wide space outside the National Library in Bucharest turned into a film set. The last scenes starring Glenn Close from the American Science-Fiction movie “What Happened to Monday” were shot in Bucharest on Sunday. The famous actress, well-known for leading roles in films such as […]

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Painting with troubled past goes on sale

By   1 year ago

Bucharest, October 16, 2015/Independent Balkan News Agency By Irina Stoica A painting classified as a thesaurus piece and part of Romania’s cultural heritage will be put on sale by the end of the month in Bucharest. ″Anemone″ (Anemones) is probably the best-known painting by Romanian artist Stefan Luchian. The starting price for the auction is 150,000 euros. Painted in 1908, this work […]

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RO Business View All →

Foreign investment in Romania down 6% in January

By   1 week ago

  Non-residents’ direct investment in Romania totalled EUR 260 million in the first month of the year, down by 6 percent year-on-year, of which equity (including estimated net reinvestment of earnings) amounted to EUR 207 million and intercompany lending recorded a net value of EUR 53 million, National Bank of Romania (BNR) data reveal. At […]

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Romania registers the sixth world largest growth among capital markets

By   3 weeks ago

  The most traded shares listed on the Bucharest Stock Exchange (BVB), which are part of the main index BET, went up by 13 percent in the first two months of this year, a press release informs. The growth rate in RON is similar to the one in USD as the local currency hold ground […]

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Technical glitch on Romanian side causes 15km queue of lorries at Bulgaria’s Danube Bridge 2

By   2 months ago

A technical problem on the Romanian side of the border caused a 15km-long queue of lorries at Bulgaria’s Danube Bridge 2 in the northern city of Vidin on January 22. Bulgaria’s Road Infrastructure Agency ordered restrictions on the movement of lorries on the E79 main road in the direction of Vidin. Because of waiting goods […]

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Romania’s FDI at end-November grew to 8-year record

By   2 months ago

Non-residents’ direct investment in Romania totalled EUR 3,928 million in the first eleven months of 2016, up by 22 percent compared to the same period of the previous year, when FDI reached EUR 3,218 million, National Bank of Romania (BNR) data reveal on Friday. This represents a record level of the last eight years. Thus, […]

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High interest rates and fees, guarantees, bureaucracy – main hindrances in companies’ accessing loans (survey)

By   3 months ago

High taxation, fiscal environment unpredictability and competition, as well as the access to finance remain the main problems the companies in Romania are confronted with, reads a Survey on the access to finance of non-financial companies in Romania, logged in December 2016, and carried by the National Bank of Romania (central bank, BNR). “Also found […]

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Romania posts the highest annual increases in hourly labour costs

By   3 months ago

Hourly labour costs rose by 1.5 percent in the euro area (EA19) and by 1.9 percent in the EU28 in the third quarter of 2016, compared with the same quarter of the previous year, Romania recording the highest annual increase among Member States – 14.7 percent, according to Eurostat, the statistical office of the European […]

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Ten-month arrivals in tourist accommodation establishments up by almost 11 pct YoY

By   4 months ago

January – October 2016 arrivals in Romania’s tourist accommodation establishment were almost 11 pct higher YoY, topping 9.43 million, the National Institute of Statistics (INS) announced in a release. “Of the total number of the arrivals in hospitality facilities over Jan. 1 — Oct. 31, 2016, Romanian tourists accounted for 77.1 pct, while foreign tourists […]

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Romania – second in EU by October’s retail trade growth

By   4 months ago

The volume of Romania’s retail trade increased by 8.7 percent in October 2016 compared to the same month of the year before, making this the second month in a row when Romania’s performance is surpassed only by Luxembourg in the EU ranking by retail trade growth, shows data released on Monday by the European Statistical […]

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RO Energy View All →

Price of electric power peaks to EUR 100/MWh on the OPCOM spot market

By   2 months ago

The price of electric power on the OPCOM spot market has peaked to RON 449 (EUR 100)/MWh Monday morning, during the interval 9.00h-10.00h, similar to the one on the markets in Hungary, Slovakia and Czech Republic, according to the OPCOM website. The development is the result of the huge increase in consumption in Romania during […]

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Gov’t Oks decision allowing ban of energy exports in crisis situations. Transelectrica: Energy crisis, imminent

By   2 months ago

The government approved on Thursday during the ordinary sitting a decision allowing the ban of electricity exports during crisis situations, in force from January 16-February 15, the Ministry of Energy informs. According to a release, Energy Minister Toma Petcu presented on Thursday an analysis regarding the functioning of the National Energy System following six days […]

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Bulgaria-Romania gas interconnector pipeline finished

By   4 months ago

Bulgarian Prime Minister Boiko Borissov opened at a ceremony on November 11 the gas interconnector pipeline with Romania, describing it as a key step towards diversification of gas supply sources and strengthening Bulgaria’s energy security. This is the first of three interconnector pipelines Bulgaria plans to build with neighbouring countries, but link-ups with Serbia and […]

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OMV Petrom to transfer 19 onshore oil fields in Romania to Mazarine Energy

By   5 months ago

OMV Petrom S.A. (OMV Petrom), the largest oil and gas producer in South-Eastern Europe and Mazarine Energy Romania S.R.L., a fully owned Romanian subsidiary of Mazarine Energy B.V. (Mazarine Energy) announce that parties have reached agreement on the transfer of 19 onshore oil fields plus three workover rigs and associated crews to Mazarine Energy Romania […]

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Bulgarian, Romanian presidents urge energy independence for SEE

By   9 months ago

Sofia, June 15, 2016/Independent Balkan News Agency By Clive Leviev-Sawyer of The Sofia Globe Energy dependency is the biggest weakness of South Eastern Europe and building a modern energy infrastructure and interconnection of the national gas and electricity grids should be a shared priority, Bulgarian President Rossen Plevneliev and his Romanian counterpart Klaus Iohannis agreed […]

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Bulgarian, Romanian PMs to ‘watch closely’ gas inter-connector project

By   10 months ago

Sofia, June 1, 2016/Independent Balkan News Agency By Clive leviev-Sawyer of The Sofia Globe Bulgarian Prime Minister Boiko Borissov met with Romanian counterpart Dacian Ciolos on June 1 to discuss a number of subjects, ranging from the gas inter-connector pipeline between the two countries to the continuing efforts by Sofia and Bucharest to join the […]

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Romania’s gas market goes import-free

By   1 year ago

Bucharest, March 22, 2016/Independent Balkan News Agency By Irina Stoica Population and power plants that provide heating to households will consume only domestically-produced natural gas from April 1, 2016 to March 31, 2017, according to a document of the National Energy Regulatory Authority (ANRE). The estimated total quantity of natural gas to be used by […]

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Romania’s crude oil reserves will be depleted in 20 years

By   1 year ago

Sarajevo, March 3, 2016/Independent Balkan News Agency By Irina Stoica Romania’s current crude oil reserves are expected to get exhausted in about 20 years. A report released by the Energy Ministry shows that over the past five years, Romania’s domestic crude oil output has recorded a constant decline of 2 %, while the forecasts for […]

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RO Finance View All →

IMF mission estimates 3.7pc of GDP budget deficit in 2017, warns there’s no more room for tax cuts

By   6 days ago

  The International Monetary Fund (IMF) estimates a budget deficit of 3.7% of the PDG this year and of 3.9% of GDP in 2018, the head of the IMF mission for Romania, Reza Baqir, said on Friday during a press conference. “For this year we estimate that, unless other measures than the one included in […]

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Highest EUR/RON exchange rate in the past four years and a half

By   2 weeks ago

  The European currency reached on Monday a new record level against the national currency, at the National Bank of Romania (BNR) official rates. EUR has appreciated by 0.33 bani to RON 4.5538, exceeding the record registered last Wednesday of RON 4.5512 and the previous one on June 7, 2013 of RON 4.5535. The EUR […]

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Euro hits this year’s high against Romanian currency – RON 4.55/EUR

By   2 weeks ago

  The European currency was Wednesday quoted by National Bank of Romania (BNR) at RON 4.55, the highest level since the beginning of this year. Thus, RON reached the lowest level in almost four years against EUR. On Tuesday, the euro was quoted at RON 4.53. Euro started January with the value of RON 4.51 […]

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EC has improved the forecasts for Romania: GDP to grow by 4.4 pc in 2017

By   1 month ago

  Real GDP is forecast to grow by 4.4 percent in 2017 and 3.7 percent in 2018, European Commission (EC)’s Winter 2017 Economic Forecast reveals on Monday. The estimates were revised up from autumn forecast, when Community Executive estimated that the Romanian economy will register an advance by 3.9 percent in 2017 and of 3.6 […]

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Technical glitch on Romanian side causes 15km queue of lorries at Bulgaria’s Danube Bridge 2

By   2 months ago

A technical problem on the Romanian side of the border caused a 15km-long queue of lorries at Bulgaria’s Danube Bridge 2 in the northern city of Vidin on January 22. Bulgaria’s Road Infrastructure Agency ordered restrictions on the movement of lorries on the E79 main road in the direction of Vidin. Because of waiting goods […]

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Gov’t to postpone VAT cut, elimination of pole tax and over-excise upon Liviu Dragnea’s request

By   3 months ago

The Dacian Ciolos government is to postpone by one year the implementation of the Tax Code amendments, i.e. the VAT cut from 20% to 19%, the elimination of the pole tax (tax on special constructions) and of the over-excise on fuel. The measures were requested by PSD leader Liviu Dragnea in a phone conversation with […]

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UniCredit: Romania would need 20 years to join the eurozone considering the current pace of economic growth

By   5 months ago

Romanians could reach the salaries close to those of in Western Europe countries, such as Germany and France, in more than 20 years, in the context where the economic growth is neither fast enough nor quite sustainable to support a faster reduction of the gap, Dan Bucsa, lead CEE economist within UniCredit Bank London, stated […]

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EBRD has revised upwards Romania’s economic growth forecast in 2016 to 4.8 pc

By   5 months ago

European Bank for Reconstruction and Development (EBRD) has revised upward on Thursday, the economic growth forecast for Romania for 2016 from 4 percent to 4.8 percent and from 3.5 percent to 3.7 percent forecast for 2017. “South-eastern Europe as a whole is on the rise. Greece is turning around thanks to a good season for […]

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RO Politics View All →

JusMin in the EP’s LIBE committee: The GEO 13 itself was not the issue, but the hour when it has been adopted

By   3 days ago

  The Committee on Civil Liberties, Justice and Home Affairs (LIBE) in the European Parliament debated on Wednesday the situation of democracy and judiciary in Romania. Attending the debate, Romanian Justice minister Tudorel Toader said that the GEO 13 (editor note: that prompted wide street protests in Romania), “was not inwardly a problem”, but that […]

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Ex-PM Dacian Ciolos officially invited to join USR

By   4 days ago

  Save Romanian Union (USR) on Tuesday addressed a formal invitation to former PM Dacian Ciolos to join the party. USR chairman Nicusor Dan told RFI on Tuesday that Ciolos decides to join the party by the Congress in May, he could run for any position. “It’s important that a majority wants him in USR […]

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President Iohannis: CSAT approves Romania’s objectives at the NATO Summit in Brussels. 120 military to be sent to Poland

By   4 days ago

  The National Supreme Defence Council (CSAT) has approved Romania’s objectives at the NATO Summit in Brussels, President Klaus Iohannis announced on Tuesday. “We have approved Romania’s objectives at the NATO Summit in Brussels, which will take place this spring, probably in late May. (…) Romania expectations are mainly related to reconfirming the importance and […]

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Tariceanu over ALDE row: Constantin is forcing his way out of the party

By   5 days ago

  The dispute between ALDE’s two co-chairmen is deepening, as new statements have been released on Monday. Senate Speaker Calin Popescu Tariceanu, co-chairman said he would not make any agreement with the other co-chairman Daniel Constantin (photo), adding that by his actions, Constantin is forcing his way out of the party. “I will make no […]

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President Iohannis, satisfied with the activity of prosecutors Lazar and Kovesi, denies Justice Minister’s option to revoke them

By   6 days ago

  President Klaus Iohannis said on Friday he is very satisfied with the activity of Prosecutor General Augustin Lazar (photo) and DNA chief prosecutor Laura Codruta Kovesi and said he is confident that the Justice Minister will not request to have them revoked. Asked about the Constitutional Court ruling on the investigation about emergency ordinance […]

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President Iohannis: We want a powerful and united EU

By   2 weeks ago

  President Klaus Iohannis said on Thursday, during a press statement at Cotroceni Palace, ahead of the European Council in Brussels that the future of the EU is on public debate, an official final decision will be made until 2019. One of the most important topics on the agenda is the proposal forwarded by the […]

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PM Grindeanu claims common viewpoint with President Iohannis on EU issues

By   2 weeks ago

  Prime Minister Sorin Grindeanu said on Wednesday, at Victoria Palace, he has met President Klaus Iohannis and said he has a common viewpoint with the president regarding the European issues. Grindeanu will leave on Wednesday for Brussels to attend a meeting of European Socialist leaders and has scheduled bilateral meetings with the Austrian Chancellor, […]

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Ruling coalition claims President Iohannis hasn’t considered proposal on consultations regarding the EU situation

By   3 weeks ago

  Dragnea: No only president’s actions on the EU relation matter, national unity is needed. Tariceanu: I understand that, officially or unofficialy, we barged into the president’s denial. Chamber Speaker Liviu Dragnea, also Social Democrat Party chairman, on Monday stated concerning Romania’s stance in the European Union that not only what president Klaus Iohannis does […]

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RO Social View All →

JusMin in the EP’s LIBE committee: The GEO 13 itself was not the issue, but the hour when it has been adopted

By   3 days ago

  The Committee on Civil Liberties, Justice and Home Affairs (LIBE) in the European Parliament debated on Wednesday the situation of democracy and judiciary in Romania. Attending the debate, Romanian Justice minister Tudorel Toader said that the GEO 13 (editor note: that prompted wide street protests in Romania), “was not inwardly a problem”, but that […]

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President Iohannis, satisfied with the activity of prosecutors Lazar and Kovesi, denies Justice Minister’s option to revoke them

By   6 days ago

  President Klaus Iohannis said on Friday he is very satisfied with the activity of Prosecutor General Augustin Lazar (photo) and DNA chief prosecutor Laura Codruta Kovesi and said he is confident that the Justice Minister will not request to have them revoked. Asked about the Constitutional Court ruling on the investigation about emergency ordinance […]

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Romania had the second lowest annual inflation in EU last month

By   1 week ago

  European Union annual inflation was 1.9 percent in February 2017, up from 1.7 percent in January, Eurostat, the statistical office of the European Union, data reveal. The lowest annual rates last month were registered in Ireland (0.3 percent), Romania (0.5 percent), Bulgaria and Denmark (both 0.9 percent). The highest annual rates were recorded in […]

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Highest EUR/RON exchange rate in the past four years and a half

By   2 weeks ago

  The European currency reached on Monday a new record level against the national currency, at the National Bank of Romania (BNR) official rates. EUR has appreciated by 0.33 bani to RON 4.5538, exceeding the record registered last Wednesday of RON 4.5512 and the previous one on June 7, 2013 of RON 4.5535. The EUR […]

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President Iohannis postpones referendum, may use it as insurance policy if PSD attempts another attack on justice

By   3 weeks ago

  President Klaus Iohannis will not start now the procedures for referendum on justice, but has not given up the idea of a referendum, will use it as insurance policy for saving justice if the Social-democratic Party (PSD) will try again to weaken the criminal law or attacks key institutions of the judiciary, official sources […]

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Stronger Border Control: Maltese Presidency secures Council position on establishing EU Entry-Exit System

By   3 weeks ago

  On 2 March 2017, EU Ambassadors endorsed a Council position needed to start negotiations with the European Parliament on a proposal for an Entry-Exit System which will strengthen border control and security in the EU. The agreement by Member States comes after the Maltese Presidency of the Council of the EU worked hard over […]

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Parliament Oks President’s request for national referendum on anti-corruption fight

By   1 month ago

  The plenary sitting of the Romanian Parliament on Monday Okayed President Klaus Iohannis’ request to hold a national referendum on the pursuit of the fight against corruption and on assuring the integrity of the public office. The decision has been taken by vote unanimity. The request had a previous positive opinion given by the […]

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9th day of protests starts with epic “I RESIST” slogan written in the snow

By   1 month ago

  A new protest was staged in front of the Romanian Government building on Wednesday morning, with two protesters writing “I resist” in the fresh snow pack in front of the Victoria Palace. New rallies are expected today. The photo featuring the epic slogan written in the snow posted by journalist Ciprian Muntele got viral […]

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RO Sports View All →

Romanian Cristian ‘Hammer’ Ciocan wins WBO European heavyweight title

By   5 months ago

Bucharest, October 16, 2016/Independent Balkan News Agency Romanian heavyweight boxer Cristian Ciocan claimed the WBO European heavyweight title on Saturday evening, winning a split decision points victory over Turkish fighter Erkan Teper after 12 fairly balanced rounds at the G 18-Halle in Hamburg, Germany. Ciocan previously held the WBO belt in the period 2012—2013. The […]

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Romania draw Montenegro 1-1 in 2018 FIFA World Cup qualifier

By   7 months ago

Bucharest, September 5, 2016/Independent Balkan News Agency Romania and Montenegro on Sunday evening ended their first 2018 FIFA World Cup qualifier in a tie, 1-1 (0-0). They played at Cluj Arena of Cluj-Napoca. Romania were very close to getting a win in their first match coached by German Christoph Daum, but Nicolae Stanciu failed to […]

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Rio 2016: Romanian Saritov wins bronze in the men’s 97-kg freestyle wrestling event

By   7 months ago

Bucharest, August 22, 2016/Independent Balkan News Agency Russian-born Romanian wrestler Albert Saritov won the Olympic bronze medal in the men’s 97-kg freestyle wrestling event on Sunday, the last day of the Rio 2016 Summer Olympic Games, as he defeated Georgia’s Elizbar Odikadze. Saritov, 31, naturalised in 2016, won 10-0 technical points and 4-0 classification points. […]

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Winners and medals of IBNA countries

By   7 months ago

Rio, August 22, 2016/Independent Balkan News Agency By Spiros Sideris The Rio Olympic Games of 2016 gave on Sunday evening with a spectacular ceremony their place to Tokyo, which will host the 2020 Games. Impressive were the performances of the Balkan countries among 206 countries. The Independent Balkan News Agency LTD presents the rankings based […]

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Rio 2016: Romania’s Mergea/Tecau to meet Spain’s Marc Lopez, Rafael Nadal in men’s doubles final

By   7 months ago

Bucharest, August 12, 2016/Independent Balkan News Agency Romanian tennis pairing Florin Mergea – Horia Tecau will play the Olympic men’s doubles tennis final against Spaniards Marc Lopez and Rafael Nadal. The 6th seeded Spaniards defeated on Thursday in the semi-finals Canadians Daniel Nestor / Vasek Pospisil 7-6 (1) 7-6 (4), in about two hours of […]

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Rio 2016: Romanian swimmer Glinta advances to 100-m backstroke final

By   8 months ago

Bucharest, August 8, 2016/Independent Balkan News Agency Romanian swimmer Robert Glinta, 19, on Sunday evening advanced to the men’s 100-m backstroke final of the Rio 2016 Summer Olympic Games, as he finished fourth in semifinal 2, clocked in at 53.34s. The best result of semifinal 2 was US David Plummer’s 52.50s; second best was Australian […]

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Rio 2016: Romania’s Ponor advances to women’s beam final

By   8 months ago

Bucharest, August 8, 2016/Independent Balkan News Agency Romanian artistic gymnast Catalina Ponor has advanced to the women’s beam final at the ongoing Rio 2016 Summer Olympic Games and will compete for a medal on August 15. Ponor won a score of 14.900 in qualification 2 round, finishing 5th in the final ranking. Competing in the […]

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Simona Halep wins Rogers Cup, beating Madison Keys

By   8 months ago

Bucharest, August 1, 2016/Independent Balkan News Agency The Romanian tennis player Simona Halep, World No. 5, won the USD 2,413,663 women’s Rogers Cup in Montreal on Sunday, after defeating American Madison Keys in straight sets 7-6 (2), 6-3. Halep, who’s rebounding World No. 3 on Monday, has imposed in one hour 15 minutes in front […]

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