George Coman

Romania's consumption-fueled growth has raised macroeconomic imbalances, including inflation pressure and increased fiscal and current account deficits, so a change in the course of policies is needed to reduce the likelihood of another boom-bust scenario, the International Monetary Fund writes in its Staff Concluding Statement of the 2019 Article IV Mission posted on Friday.

Romanian women are leading in the EU in terms of being actively involved in the traditionally male-dominated fields of science, math, and computing, World Bank CEO Kristalina Georgieva stated in a speech delivered at the National University for Political Studies and Public Administration (SNSPA), the World Bank informed in a Thursday release.

The Swedish owner of Electrolux Satu Mare threatens, through the voice of the workers who did not join the strike, to relocate its production to Poland, informs a release issued by president of the "Cartel ALFA" National Trade Union Confederation Bogdan Hossu on Friday. The reaction of the union leader comes after 100 non-striking employees sent an open letter to their striking fellows.

The Romanian presidency of the Council of the European Union wants to reach a partial agreement in the Council on the legislative package regarding the cohesion policy, Minister of European Funds Rovana Plumb stated on Thursday.

European Commissioner for Employment, Social Affairs, Skills and Labour Mobility Marianne Thyssen proposed on Thursday that Romania's funding through the European Social Fund Plus (ESF+) be increased by 17pct. We propose to increase the funding allocated to Romania through the ESF+ by 17pct.

Those European countries losing a lot of their workforce to the advantage of the rest of the European Union countries should think of an aggressive package of measures to provide a solution against the selective mobility that causes this brain drain, Minister of Finance, Eugen Teodorovici, stated on Saturday, at the end of the second day of the ECOFIN (Economic and Financial Affairs Council) me

Romania's seasonally adjusted unemployment rate in February 2019 declined to 3.8 percent from 3.9 percent as recorded in the previous month, according to data released on Monday by the National Institute of Statistics (INS).

The World Trade Organization (WTO) needs to be reformed urgently and needs to be strengthened, because at present it is incapable of making decisions, European Commissioner for Trade Cecilia Malmstrom said Thursday in Bucharest. The European representative warned that should the WTO collapse, there would be catastrophic consequences in the economy.

The Romanian presidency of the Council of the European Union has reached another provisional agreement with the European Parliament in fishery, informs a press release of the Ministry of Agriculture and Rural Development (MADR).

The 2019 State Budget Bill received favourable opinion from the joint budget-finance committees of Parliament, 21 to 11, Tuesday to Wednesday.

The select committees' members debated the bill on articles and annexes. Thus, on the 72 articles, six amendments were passed.