By Constantin Radut
As of today, the government crisis in Bucharest is a legal fact. The ministers of the second political party (in terms of number of parliamentarians) of the governmental and parliamentary alliance have resigned and left the government led by Florin Citu. However, PM Citu is supported by President Klaus Iohannis and continues to manifest himself as a puppy of the first, that is, of the president.
Especially since Klaus Iohannnis began to manifest himself as a dictator in Bucharest politics, qualifying what is good and what is bad only in terms of his interests.
An eloquent example - underlined by the press in the Romanian capital - is the labeling of a political party, "Alliance for the Union of Romanians" (AUR) as neo-fascist, anti-Semitic, extremist only for the fact ... Read more »
Date: |2021-09-07|

By Constantin Radut
The year 2021 is proving to be disastrous in terms of energy. In the last two months, the energy capacities in operation do not cope with the internal consumption. During the sunny days of July and August, our country bought every hour between 7.00 and 20.00 over 1000 MW. There were few days when the installed capacities operated with only 8000 MW. Winter is approaching and the situation will be even worse.
Romania imports massive amounts of electricity from neighboring states. The national energy system is completely deregulated, poorly managed and without a short or medium-term strategy.
In the last 15 years, the country's energy capacity has decreased by over 10,000 MW, and no new MW has been added to the installed capacity. The Iernut gas-fired powe ... Read more »
Date: |2021-08-23|

By Jerom Bolt
A delegation of the United States Department of Energy from the United States paid an official visit to Cernavoda CNE on Friday. The delegation was led by Dr. Kathryn D. Huff, Acting Deputy Secretary and Deputy Secretary for Nuclear Energy in the department, according to a statement sent by Nuclearelectrica.
”His visit envisages the continuation of the cooperation based on the Romania-US Intergovernmental Agreement initialed by Washington DC in October 2020 and recently ratified by the Romanian state, implicitly of starting this cooperation in time for the implementation of the Units 3 and 4 Project The General Meeting of Shareholders of SN Nuclearelectrica SA ”, the company transmits.
According to the strategy, the development of the Units 3 and 4 Project is structured in ... Read more »
Date: |2021-07-30|

By Constantin Radut
It proves once again that the US and its entire logistics, diplomacy, economy, and military, disregard Romania's status as a solid country in Southeast Europe. After countless interventions in the country's domestic and foreign policy (determined by the ambiguity and political weaknesses of the rulers in Bucharest), today an extraordinary event took place in the post-Cold War period, after the fall of the Ceausescu regime.
A helicopter belonging to the US Army landed forcibly on Thursday in the north of the Capital, in the roundabout in Charles de Gaulle Square, where it knocked down two lighting poles and damaged several private vehicles.
The Black Haw ... Read more »
Date: |2021-07-15|

By Edwig Ban
The Romanian Business Leaders Foundation, a non-governmental organization, proposes a project to attract to Romania large companies from the USA and the world targeted by the decision of the Court of Justice of the European Union, according to which they are obliged to have data servers in the community, according to a statement from the organization.
Following a ruling by the Court of Justice of the European Union (CJEU), non-EU companies are forced to find solutions for relocating data servers or even business administration across the Union if they intend to process data in the future. personalities of European citizens.
In this context, Romanian Business Leaders proposes a project to attract to Romania the large companies from the USA and the world targeted by the CJEU decision, with the de ... Read more »
Date: |2021-07-12|

By rbj
Romania's economy will grow by 7.4% in 2021 and by 4.9% in 2022, after an advance of 5.1% this year and 4.9% next year is estimated, according to the interim forecasts for the summer of the year 2021, published on Wednesday by the European Commission.
In the European Union, the economy is expected to expand by 4.8% in 2021 and 4.5% in 2022. Inflation in Romania will stand, according to EC forecasts, at 3.2% in 2021 and 2.9% in 2022, after an estimated level of 2.9% in May this year and 2.7% next year.
In the European Union, the inflation rate is expected to be 2.2% in 2021 and 1.6% in 2022. According to EC estimates, Romania is expected to have the highest economic growth in the EU in 2021. "The increase in the growth forecast is due to the evolution above expec ... Read more »

Date: |2021-07-07|

Ce ofertă face Romgaz către gigantul Exxon Mobil pentru o cotă de 50% din proiectul de exploatare a gazelor din Marea Neagră - NewMoney
By rbj
The Romanian company Romgaz S.A., the largest natural gas producer in Southeast Europe, continues to gain the trust of ExxonMobil to take over the 50% stake in the XIX Neptun Deep Block natural gas concession in the Black Sea. The American company has long announced that it is giving up the 50% stake in this concession, which it started many years ago together with OMV Petrom.
Yesterday, the management of Romgaz S.A. reported the Bucharest Stock Exchange (BVB), London Stock Exchange (LSE) the following:
"Exclusivity Agreement related to the negotiation of the transaction for the acquisition of 100% of ExxonMo ... Read more »
Date: |2021-06-18|

Recovery and Resilience Facility | European Commission
By Constantin Radut
Attempts have often been made to accredit the idea that the current governing coalition in Bucharest, made up of four parties, will bring a new impetus to the country's pro-European policy and determine new standards of professional conduct and economic and social policies.
It was all a scam by the electorate, directed by President Klaus Johannis, an ethnic German from Romania who has nothing in his heart for the country where he grew up and became president.
There are a few months left and two years of chaotic and incompetent government are being fulfilled, which determined Romania's excessive indebtedness and population impoverishment. In September 2019, when the cur ... Read more »
Date: |2021-06-11|

By Constantin Radut
Being in their warm place in the IMF building, a "mission" of the international institution pretended to analyze the state of the Romanian economy, a routine activity according to the obligations resulting from Article IV of the treaty between Romania and the IMF. The IMF mission was a fictitious one, carried out through WhatsApp.
As a result, the experts of the International Monetary Fund (no one tells us who they are and who the team is led by) estimate, for 2021, a strong economic recovery in Romania, with a real GDP advance of 7 percent. And to be covered, the statement from the MFI shows that the main risk of not realizing this forecast is that of unexpected changes. To be satisfied and PM Vasile Forin Citu.
"A strong recovery of real GDP of 7 percent ... Read more »
Date: |2021-05-28|

By Constantin Radut
Today, Eurostat released significant figures for the EU's economic situation. This is a little encouraging, especially since most developed economies have not recovered after the 2020 pandemic year. The most worrying situation is in Germany, a country that sees a decrease in GDP by 1.7% compared to the previous quarter and by 3, 0% compared to the same quarter of 2020. The German economy did not start the engines at the expected level due to the small volume of exports to China, the US and other European countries. The situation in other countries, such as Spain, the Netherlands, Portugal and Denmark, is just as gloomy. A beautiful figure makes Macron's economy, France managing a GDP growth of 0.4% and 1.5%, respectively. ... Read more »
Date: |2021-05-18|

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The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania
+40 725 511 887