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January 1, 2014

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January 1, 2014
January 1, 2014

, 01.01.2014, 13:16

EU LABOUR MARKET – On January the 1st, the last EU labour restrictions against Romanians and Bulgarians were lifted. Analysts note that the EU labour market opening continues to trigger concerns in western European Union countries, which are destinations of choice for economic migration. In the UK, mass media and his own Conservative Party called on PM David Cameron to postpone the liberalisation, while in Germany the Bavarian Christian Social Union is against the lifting of restrictions. Brussels warns however that full freedom of movement for workers is a fundamental right of EU citizens.



ECONOMY – As of January the 1st Romania liberalises its land market for EU citizens. The measure enables foreign individuals to buy land in Romania. Under the new law, when a plot of land is sold, the neighbours and the Romanian state have pre-emptive purchase rights. Officials with the Agriculture Ministry say the law is designed to contribute to the merger of farming plots into larger and more profitable farms. The top foreign buyers of landed property in Romania are Italy, Germany and Arab countries respectively. The current price of farming land in Romania ranges between 2 and 18 thousand euros per hectare, significantly below the EU average of 30 thousand euro per hectare.



FEAST DAY – Orthodox Christians, which make up the religious majority in Romania, celebrate St. Basil on January the 1st. Basil of Cesareea, born in Asia Minor in the 4th Century, is regarded as one of the most important leaders of the Orthodox Church and one of the greatest Christian theologians. St. Basil the Great attached special importance to family and to children’s education. He is the first bishop to establish hospitals and shelters for the poor and suffering. In Romania, close to 600 thousand people bear his name at present.



EUROZONE – Latvia switched to the European single currency at midnight, to become the 18th member of the eurozone and the fourth ex-communist country, after Slovenia, Slovakia and Estonia, giving up its national currency. According to experts, Romania might adopt the European currency in 2018 at the earliest.



EU PRESIDENCY – On Wednesday Greece took over from Lithuania the rotating presidency of the EU. Athens announced that the Greek presidency will focus on urgent problems like migration, employment, the banking union and maritime policy. Experts warn that Greece will have a difficult half-year presidency, marked by the still significant effects of the economic crisis and the elections for the European Parliament due in May, when euro-sceptical parties may get unprecedented scores.

May 20, 2026 UPDATE
Newsflash Wednesday, 20 May 2026

May 20, 2026 UPDATE

CONSULTATIONS Romania’s president Nicuşor Dan will continue consultations with political parties on Thursday to appoint a new prime minister,...

May 20, 2026 UPDATE
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Newsflash Wednesday, 20 May 2026

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Government. Romanian President Nicuşor Dan will on Thursday continue consultations with political parties to appoint a new prime minister, after...

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May 19, 2026 UPDATE
Newsflash Tuesday, 19 May 2026

May 19, 2026 UPDATE

EUROPEAN ORDER – The President of the Republic of Moldova, Maia Sandu, received the European Order of Merit on Tuesday in Strasbourg, during a...

May 19, 2026 UPDATE
Newsflash
Newsflash Tuesday, 19 May 2026

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INFLATION The National Bank expects inflation to continue to rise in Q2, falling to 5.5% at the end of the year, higher than previously estimated,...

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Newsflash Monday, 18 May 2026

May 18, 2026 UPDATE

Consultations. Romanian President Nicuşor Dan announced on Monday evening that he would continue the series of consultations until a government...

May 18, 2026 UPDATE
Newsflash Monday, 18 May 2026

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CONSULTATIONS – Romanian President Nicuşor Dan is holding official consultations with parliamentary parties today to appoint a new prime minister....

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Newsflash Sunday, 17 May 2026

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RATING Romania keeps its investment-recommended rating and authorities consider the decision a major vote of confidence for the economy. The...

May 17, 2026 UPDATE
Newsflash Sunday, 17 May 2026

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RATING Romania keeps its investment-recommended rating and authorities consider the decision a major vote of confidence for the economy. The...

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