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

By   6 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   10 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   10 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   11 months 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 →

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

By   1 month 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   1 month 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   2 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   2 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   3 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   3 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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Bulgaria reports negative foreign trade balance for January – September 2016

By   3 months ago

Bulgaria had a negative foreign trade balance from January to September 2016, the National Statistical Institute (NSI) said on November 9, citing preliminary figures. Reporting on trade both with non-EU and other EU countries, the NSI said that in January to September 2016, the value of all exported goods from Bulgaria amounted to 33 740.1 […]

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

By   4 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 Energy View All →

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

By   1 month 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   1 month 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   3 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   4 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   8 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   9 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   11 months 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   12 months 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 →

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

By   1 week 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   1 month 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   2 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   4 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   4 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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IMF report warns Romania on risks related to the budget deficit

By   4 months ago

The International Monetary Fund (IMF) warns Romania about the risk of deterioration of the budget deficit in the context of rising state expenditures, particularly on wages, along with tax cuts. The IMF maintains its estimates of economic growth in Romania in 2016 and 2017 of 5% and 3.8% respectively, the highest growth rate in Europe […]

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President Iohannis appears sceptical on wage increases

By   4 months ago

Labour Minister: Irresponsibility Deputy PM: Challenge to the Constitutional Court President Klaus Iohannis said on Wednesday, regarding the law on wage increases, that it is hard to say that he can agree with such provisions voted by Parliament on ‘the last two meters’ before the election. “It’s hard to say that one agrees with the […]

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Deputy PM Borc: Romania draws less FDI than other countries in the region

By   4 months ago

Romania’s situation in attracting foreign direct investment (FDI) is worse than in neighboring countries, Deputy Prime Minister and Economy Minister Costin Borc warned on Monday, attending a debate about territorial development, agerpres.ro informs. “It’s important not to fall into false targets now, during the electoral campaign. It’s very easy to launch some slogans that sound […]

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RO Politics View All →

EO 13 vetoed by the Senate’s Legal Committee. Interior minister heard at DNA

By   23 hours ago

  The Senate’s legal committee on Monday vetoed the controversial emergency ordinance no 13 that planned to amend the criminal codes and decriminalize certain corruption offenses, including the abuse of office and that prompted wide street protests in Bucharest and the entire counntry in the past month. The upper chamber’s legal committee passed an amendment […]

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Trump declares war on Media – What has changed

By   2 days ago

  Barely a month into his duties as President of the United States, Donald Trump has declared war on the media accusing them of being liars and enemies of the American people. In recent years the media have been the target of various leaders, not only of authoritarian regimes but also of countries with deep […]

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NATO to set up special unit in Romania. Defence Minister says 13 countries are ready to contribute to the multinational brigade

By   5 days ago

  After a year of negotiations, NATO has approved on Thursday the establishment of a special unit to monitor risks in the Black Sea region. The structure will operate under NATO’s maritime headquarters in the UK. It will have responsibilities in coordinating the naval exercises in the region, digi24.ro informs, quoting news.ro. NATO Secretary General […]

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

By   1 week 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   2 weeks 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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President Iohannis sends message to the Gov’t: Hands off DNA

By   3 weeks ago

President Iohannis on Thursday reacted to the protests and latest Gov’t decisions last night. In a press conference held at Cotroceni Palace, the head of state said he was impressed with the amplitude of the protests, yet voicing concern that the peaceful rally in Bucharest has been hijacked by violent protesters. Iohannis accused the interior […]

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USR MPs interrupt Iordache during press statement about explanations on emergency ordinance

By   3 weeks ago

Justice Minister Florin Iordache showed dissatisfaction on Wednesday for being criticized “for an essential issue of democracy – he laws are made by law-makers” and has tried to explain the government emergency ordinance issued Tuesday night. After reading the press statement, he left the room without answering the questions from the media. Initially the minister […]

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JusMin: Pardon and criminal codes’ amendment still on, the proceeding to be decided

By   3 weeks ago

Justice Minister says he won’t give up the idea of draft emergency ordinances on pardon and criminal codes’ amendment, revealing they will be promoted by organic laws in Parliament, by emergency ordinance or by assuming the responsibility. At the end of the public debate held at the Justice Ministry’s office, minister Florin Iordache said he […]

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RO Social View All →

EO 13 vetoed by the Senate’s Legal Committee. Interior minister heard at DNA

By   23 hours ago

  The Senate’s legal committee on Monday vetoed the controversial emergency ordinance no 13 that planned to amend the criminal codes and decriminalize certain corruption offenses, including the abuse of office and that prompted wide street protests in Bucharest and the entire counntry in the past month. The upper chamber’s legal committee passed an amendment […]

Read More →

Trump declares war on Media – What has changed

By   2 days ago

  Barely a month into his duties as President of the United States, Donald Trump has declared war on the media accusing them of being liars and enemies of the American people. In recent years the media have been the target of various leaders, not only of authoritarian regimes but also of countries with deep […]

Read More →

NATO to set up special unit in Romania. Defence Minister says 13 countries are ready to contribute to the multinational brigade

By   5 days ago

  After a year of negotiations, NATO has approved on Thursday the establishment of a special unit to monitor risks in the Black Sea region. The structure will operate under NATO’s maritime headquarters in the UK. It will have responsibilities in coordinating the naval exercises in the region, digi24.ro informs, quoting news.ro. NATO Secretary General […]

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

By   1 week 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 […]

Read More →

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

By   2 weeks 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 […]

Read More →

President Iohannis sends message to the Gov’t: Hands off DNA

By   3 weeks ago

President Iohannis on Thursday reacted to the protests and latest Gov’t decisions last night. In a press conference held at Cotroceni Palace, the head of state said he was impressed with the amplitude of the protests, yet voicing concern that the peaceful rally in Bucharest has been hijacked by violent protesters. Iohannis accused the interior […]

Read More →

USR MPs interrupt Iordache during press statement about explanations on emergency ordinance

By   3 weeks ago

Justice Minister Florin Iordache showed dissatisfaction on Wednesday for being criticized “for an essential issue of democracy – he laws are made by law-makers” and has tried to explain the government emergency ordinance issued Tuesday night. After reading the press statement, he left the room without answering the questions from the media. Initially the minister […]

Read More →

JusMin: Pardon and criminal codes’ amendment still on, the proceeding to be decided

By   3 weeks ago

Justice Minister says he won’t give up the idea of draft emergency ordinances on pardon and criminal codes’ amendment, revealing they will be promoted by organic laws in Parliament, by emergency ordinance or by assuming the responsibility. At the end of the public debate held at the Justice Ministry’s office, minister Florin Iordache said he […]

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Romanian Cristian ‘Hammer’ Ciocan wins WBO European heavyweight title

By   4 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   6 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   6 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   6 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   6 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   7 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   7 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   7 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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