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Today Sunday, May 19, 2019 in the Romanian Newspapers



Altex Sales Up to Over RON3.5B in 2018
Computer and electronics retailer Altex saw its sales grow by 8% to more than 3.5 billion lei (EUR735 million) in 2018, while profit rose by 30% to RON63.5 million year-on-year. May 19, 2019
 





Entrepreneurial Companies Account for Only 25% of Romania’s Exports
Aramis Invest in Baia Mare (furniture manufacturer), Oltchim Ramnicu-Valcea (chemical industry) and Compa Sibiu (automotive components) are the only entrepreneurial companies with about or more (...)
May 19, 2019

 
Sporting Goods Market Up to EUR450M in 2018
Romanian consumers spent almost EUR450 million on bicycles, gym apparel and mountain equipment last year, so the sporting goods market increased by 12.5% over 2017 and more than 50% over 2014, ZF (...)
May 19, 2019

 
7 out of 10 companies in Romania postpone invoice payment, 53pct have no financial resources (analysis)
Seven out of 10 companies in Romania postpone the payment of their invoices, while the average duration to cash an invoice at the level of the economy reached almost 120 days, a poll-based select (...)
May 19, 2019

 



#EPelection2019/ PSD leader Dragnea heralds new types of support for animal breeders
The ruling Social Democratic Party (PSD) leader Liviu Dragnea on Sunday heralded in southeastern Tulcea the doubling of the subsidy granted to sheep wool per kilogram, a new programme for the (...)
May 19, 2019

 
PM Dancila calls for respect of traditional values, asks for decency in promoting messages in public space
Prime Minister Viorica Dancila on Saturday called for the respect of traditional values and symbols, asking for "decency in promoting messages in public space". The prime minister (...)
May 18, 2019

 
#EuropeanParliament2019 Iohannis: PSD doesn’t matter in Europe, they have proven not capable of anything
President Klaus Iohannis, present at the National Liberal Party (PNL) electoral in Bucharest, voiced his conviction that this party will go on to win the elections to the European Parliament, (...)
May 18, 2019

 
PM Dancila: We must seek third markets to increase exports, to attract investment
Romania must seek third markets, such as the Arab countries and China, both in order to increase exports and to attract investment in our country, Prime Minister Viorica Dancila said on Friday, (...)
May 17, 2019

 
President Iohannis: Those who rule should understand situation in education is disastrous
Those who rule in Romania must understand that the current situation in education, which is disastrous, can no longer continue, said President Klaus Iohannis on Friday, while participating in the (...)
May 17, 2019

 
Central Bank Doesn't Rule Out Rate Hikes This Year
Romania's central bank doesn't rule out raining the benchmark interest rate this year but doesn't foresee such a move either, governor Mugur Isarescu said (...)
May 17, 2019

 
China’s Liting Universal Group Opens Lighting Fixtures Factory In Braila, In EUR17M Investment
Glorious Lighting SRL, held by Chinese company Liting Universal Group, has invested EUR17 million in a lighting fixtures factory in Braila (eastern Romania), which will initially employ 200 (...)
May 17, 2019

 
Condmag Brasov 1Q Loss Nearly Halves To RON905,460
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Friday said its revenue grew 14.68% year-on-year to RON686,451 in the first quarter of 2019, and its loss nearly halved to RON905,460, (...)
May 17, 2019

 
BNR forecasts 4.2 pct inflation for end of year
The National Bank of Romania (BNR) upwardly revised to 4.2 percent the inflation estimate for the end of the year, forecasting a 3.3 percent inflation for 2020, BNR governor Mugur Isarescu told a (...)
May 17, 2019

 
#EuropeanParliamentElections2019/MAE started sending ballot papers for European elections and referendum to polling stations abroad
The Foreign Affairs Ministry (MAE) started on Thursday to send the necessary material for the voting abroad in the elections to the European Parliament and the national referendum on Justice, (...)
May 17, 2019

 
PM Dancila says gov’t considering building new hospitals, besides increasing doctor’s pay
The government is considering building new hospitals and equipping them with the necessary equipment, besides the approved raise in the pay to doctors and other healthcare staff, Prime Minister (...)
May 17, 2019

 
Romania Central Bank Raises Year-End Inflation Forecast to 4.2% from 3%
Romania's central bank revised its 2019 year-end inflation forecast to 4.2%, well above its variation target band, from a previous forecast of 3%, after the annual rate climbed to a higher than (...)
May 17, 2019

 
30 Embassies and international representations in Bucharest send message on International Day Against Homophobia,Transphobia and Biphobia
Approximately 30 Embassies and the European Commission Representation in Romania conveyed a joint message of solidarity with all the marginalised groups and against discrimination on the (...)
May 17, 2019

 
Top Five Banks in Romania See Almost RON1.4B Profit in Q1
The largest five actors on the Romanian banking market, Banca Transilvania, BCR, BRD-SocGen, UniCredit and Raiffeisen Bank remained profitable in the first quarter of 2019, and their cumulated (...)
May 17, 2019

 
Fildas-Catena Beats A&D Pharma to Top Spot on Pharmaceutical Wholesale and Retail Market
Fildas-Catena group held by entrepreneur Anca Vlad posted 7.7 billion lei (EUR1.6 billion) revenue in 2018 with its pharmaceutical wholesaler Fildas and pharmaceutical retailer Catena, up 40% (...)
May 17, 2019

 
MAE:Romania - firm supporter of boosting cooperation between EU and Central Asia states
The Foreign Affairs Ministry (MAE) welcomes the adoption by the European Commission and the EU High Representative of the European Union for Foreign Affairs and Security Policy of the Joint (...)
May 17, 2019

 
McDonald’s Sales Up 15% to RON780M in 2018
Fast food restaurant chain McDonald’s, the leader of the market in Romania, ended last year with 780 million lei (EUR164 million) sales, some 15% higher than in 2017. McDonald’s sales have been on (...)
May 17, 2019

 
Senior Romanian official Grigore attends Foreign Affairs Council (FAC) meeting dealing with development
Senior official with Romania's Foreign Ministry (MAE) Maria Magdalena Grigore attended a meeting of the EU development ministers as part of a Foreign Affairs Council (FAC - Development) (...)
May 17, 2019

 
Southern Highway will connect Constanta / Black Sea port with West of Romania and Serbia, Italy, Switzerland, France
By Edwig Ban The president of the ruling party in Romania said on Thursday that the government will start the procedure of selecting the firm to deal with the construction of the South Motorway. (...)
May 16, 2019

 
PSD’s Dragnea on European Commission warning letter: Corina Cretu has voted against Romania
Chairman of the ruling Social Democratic Party (PSD) Liviu Dragnea said on Thursday that if the College of Commissioners has unanimously voted on the letter whereby the European Commission warns (...)
May 16, 2019

 
New Car Registrations Grow 22%, Used Cars Drop 7% in Jan-Apr
New car registrations in Romania grew 22% on the year in January-April, to 44,957 units, while second-hand car registrations dropped 7%, to 145,823 units, data from Romania’s association of (...)
May 16, 2019

 
#EuropeanParliament2019 Tariceanu: Interest for EP, not at desired level, debate monopolised by internal topics
Chairman of the Alliance of Liberals and Democrats (ALDE, junior coalition partner) Calin Popescu Tariceanu told a press conference held Thursday in Satu Mare that interest in the elections to (...)
May 16, 2019

 
Romania Raises RON750M Selling Oct 2021 Bonds at 3.83% Average Yield
Romania's finance ministry on Thursday raised 750 million lei (EUR157.5 million), above its initial RON500 million plan, selling treasury bonds maturing in October 2021 at an average yield of (...)
May 16, 2019

 
Insurer Uniqa's Underwritings in Romania Grow 10% in 1Q, to EUR25.4M
Austrian group Uniqa, which owns in Romania general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata, reported underwritten gross premiums totaling EUR25.4 (...)
May 16, 2019

 
PM Dancila: Bosnia and Herzegovina’s success in European accession process contributes to Western Balkans’ stability
Bosnia and Herzegovina's success in the European accession process contributes to the stability and prosperity of the Western Balkans and the European Union as a whole, Prime Minister (...)
May 16, 2019

 
Artego Targu-Jiu Profit Surges 86% YoY To RON2.9M In 1Q/2019
Romanian conveyor belt maker Artego Targu Jiu (ARTE.RO) had a turnover of RON40.3 million in January-March 2019, up 9.4% from the year-earlier period, and a profit of RON2.9 million, up 86% (...)
May 16, 2019

 
PM Zvizdic says European integration, NATO membership very important to Bosnia-Herzegovina’s future
European integration and NATO membership are very important to the future of Bosnia and Herzegovina; they are two main foreign policy goals and an important pillar for stability in the Balkans (...)
May 16, 2019

 
Antiobiotice Iasi 1Q Net Profit Flat At RON3.2M, Sales Revenue Up 19% To RON65M
Pharmaceutical company Antibiotice Iasi (ATB.RO) on Thursday said its sales revenue grew 10% year-on-year to RON65 million in January-March 2019, and its net profit stagnated at RON3.27 (...)
May 16, 2019

 
Patria Bank 1Q Loss Shrinks 88% To RON2M
Patria Bank reported total operating income of RON39.5 million in January-March 2019, compared to RON30 million in the year-earlier period, and a loss of RON2.2 million, 88% lower than the level (...)
May 16, 2019

 
Heavy rain expected in 12 counties, raising weather instability for rest, until Sunday
The National Weather Administration on Thursday issued a new code yellow warning for t-storms in seven counties and the mountain area in five other counties, valid from Thursday, 12:00hrs until (...)
May 16, 2019

 

 
CHANGE
 
 
PSD’s Dragnea on European Commission warning letter: Corina Cretu has voted against Romania

New Car Registrations Grow 22%, Used Cars Drop 7% in Jan-Apr

#EuropeanParliament2019 Tariceanu: Interest for EP, not at desired level, debate monopolised by internal topics

Romania Raises RON750M Selling Oct 2021 Bonds at 3.83% Average Yield

Insurer Uniqa's Underwritings in Romania Grow 10% in 1Q, to EUR25.4M

PM Dancila: Bosnia and Herzegovina’s success in European accession process contributes to Western Balkans’ stability

Artego Targu-Jiu Profit Surges 86% YoY To RON2.9M In 1Q/2019

PM Zvizdic says European integration, NATO membership very important to Bosnia-Herzegovina’s future

Antiobiotice Iasi 1Q Net Profit Flat At RON3.2M, Sales Revenue Up 19% To RON65M

Patria Bank 1Q Loss Shrinks 88% To RON2M

Heavy rain expected in 12 counties, raising weather instability for rest, until Sunday

IAR Brasov Net Profit Surges 75% YoY To RON8.4M In 1Q/2019

Compa Sibiu Net Profit Down 21% To RON12M, Turnover Up 4.5% To RON206M YoY In 1Q/2019

Eurostat: Romania Posts Second Biggest GDP Growth In EU In 1Q/2019

ETA2U Timisoara Expects 20% Growth to RON260M Revenue in 2019

Minister-delegate Ciamba welcomes Switzerland’s decision to grant free movement to Romanian nationals as of June 1

Romania Contributes 4% of Global Revenue of Kaufland and Lidl Owner Schwarz

Liberal leader Orban: Referendum vital, as it allows Romanians to ban amnesty and pardoning of corruption crimes

More than 60 Bucharest institutions, 36 counties join into ’Night of Museums’ event

Isarescu Warns New Loan Reference Index Won't Work Miracles

FinMin Teodorovici: Romania at top level in Europe in terms of 2019 economic growth

Central Bank Sees Inflation Above Target Variation Band Until Year-End

Consignor Expands Office in Victoria Center to Occupy 2,000 Sqm

Openville Timisoara Rebranded as Iulius Town

Biofarm Net Profit Grows 46% in 1Q, to RON16.2M

Impact Developer Posts RON12.8M Profit in 1Q, Triples Sales

Romania's GDP increases by 5.1% in Q1 I 2019, the largest economic growth in the EU

PM Dancila calls Timmermans’s letter inappropriate politicking

Romanian Central Bank Keeps Key Rate on Hold at 2.5% a Year

Rompetrol Rafinare Posts $14M Net Loss in 1Q/2019

Zentiva Net Profit Nearly Triples in 1Q, To RON32.5M

Iohannis: I have provided PSD a written rejection of ministers; reshuffle brings nothing good

Sphera Franchise Group 1Q Sales Grow 26%, Profit Slumps 90%

Raiffeisen Bank 1Q Net Profit Drops 16%, to RON178M

MedLife Turnover Grows 8% in 1Q, Switches to RON1M Loss

Transelectrica Net Profit Drops 44% in 1Q, to RON38M

Romgaz 1Q Net Profit Grows 16.2%, to RON541.9M

Electrica Switches to RON41M Loss in 1Q/2019

Romania’s GDP advances 5pct in Q1 2019 from Q1 2018

Romania GDP Grows 5.1% YoY in 1Q/2019

 

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