Ford will invest EUR 200 mln to produce new model in Romania
American carmaker Ford announced on Tuesday, May 22, that it would produce a new model at its local plant in Craiova, which implies new investments of EUR 200 million and the creation of 1,500 (...)
May 22, 2018
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Internet entrepreneur buys 20% of Romanian e-fulfillment company
Romanian group Neogen, owned by Calin Fusu – one of the first online entrepreneurs in Romania, bought a 20% stake in local e-fulfillment company Frisbo. The transaction values Frisbo at EUR 3 (...)
May 22, 2018
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Ion Caramitru will recite lyrics by Nichita Stanescu at the International Week of New Music, at the Radio Hall
International Week of New music (Saptamana Internationala a Muzicii Noi – SIMN) brings an extremely exciting program on the stage of the Radio Hall. Thus, actor Ion Caramitru will recite lyrics of (...)
May 22, 2018
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Jail sentence for Romanian bank employee who embezzled EUR 1.7 million
The Alba Iulia Court of Appeal sentenced Elena Metesan, a former employee of state-owned CEC Bank, to five years and six months in prison. She is accused of having embezzled a total of EUR 1.7 (...)
May 22, 2018
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Greek-owned Sometra invests USD 40 million in new plant in Romania
Sometra, a zinc oxides and clinker producer in Sibiu county, will invest USD 40 million in a new, environment-friendly production facility in Copsa Mica, the company announced. The new facility (...)
May 22, 2018
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Over 900 Romanian magistrates sign resolution for “defending rule of law”
More than 900 Romanian magistrates signed by Monday evening, May 21, a “resolution for defending the rule of law,” a document made public by the Forum of Judges in Romania and initiated on Saturday (...)
May 22, 2018
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PM Dancila: No way am I going to resign; what doesn’t kill you makes you stronger. I think filing a criminal complaint against PM for high treason is inappropriate
Prime Minister Viorica Dancila on Monday stated that her resignation is out of the question, and she specified that she is backed by the majority coalition. “I have the majority coalition backing (...)
May 22, 2018
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TechFest connected by Vodafone, the most complex technology festival in Romania, opens its doors in Bucharest in June
*Cluj, Timisoara and Iasi follow in the fall TechFest connected by Vodafone, urban technology festival, marks its third edition by adding Bucharest to the footprint of this series of events. In (...)
May 22, 2018
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(P) British School of Bucharest is the only British School in Romania rated as ‘excellent’ for both “the quality of pupils’ learning and achievements” and “the quality of pupils’ personal development”
“The good progress of the BSB students is a result of teaching that is well-planned and effectively delivered” was one of the conclusions within the 2018 International School Inspectorate report. (...)
May 22, 2018
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Ex-President Iliescu’s attorney: Prosecutors present accusation for 22-27 December 1989; the case, to go to court
Adrian Georgescu, Ion Iliescu's attorney, declared on Tuesday, while at the General Prosecutor's Office, that the former president has been informed about the extension of the (...)
May 22, 2018
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Romanian president urges Govt. to clarify situation of mandatory private pension funds
Romanian president Klaus Iohannis has reacted to the situation created by the conflicting information related to the future of the mandatory private pension fund system (Pillar II) in Romania, (...)
May 22, 2018
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Western Romania city plans tourist app
The City Hall of Timișoara, in western Romania, plans to launch an app to serve the tourists visiting the city. It has launched an auction for the project, with a budget of RON 100,000 (EUR (...)
May 22, 2018
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PM Dancila: I rule out the fact that we might dismantle Pension Pillar II. Iohannis: I summon governing people to clarify once and for all their intention on Pillar II
Prime Minister Viorica Dancila ruled out on Monday the fact that the Government might dismantle Pension Pillar II. “I rule out the fact that we might dismantle the Pension Pillar II (…) An analysis (...)
May 22, 2018
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President Iohannis attends “Innovation Labs 2018. Demo Day” event: Low digitization of economy, reality which Government needs to urgently address
President Klaus Iohannis declared on Monday that the Government needs to urgently take measures concerning the digitization of the economy and public administration. “The low digitization rate of (...)
May 22, 2018
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Heineken sees lower sales in Romania
Heineken Romania, the second-biggest beer producer on the local market, recorded a turnover of RON 1.16 billion (EUR 254 million) in 2017, 4% lower than in the previous year, according to (...)
May 22, 2018
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AFI Europe sells land plot in Arad for EUR 17 mln
Israeli developer AFI Europe Romania has sold an 8-hectare land plot in Arad, Western Romania, for EUR 17 million, local Profit.ro reported. The company bought the plot in 2008 and planned to (...)
May 22, 2018
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Corso Summer Terrace by Veuve Clicquot was re- opened at the InterContinental Bucharest
Corso Summer Terrace by Veuve Cliquot was re-opened at the InterContinental Bucharest, with almost 100 celebrities and clients attending an exclusive event. Ilie Nastase, Dana Savuica, Ovidiu (...)
May 22, 2018
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Deichmann ups sales by 9% in Romania
Deichmann Romania, one of the biggest shoe retailers on the local market, reached a turnover of RON 414 million (EUR 90 million) in 2017, up by 9% compared to the previous year. The retailer sold (...)
May 22, 2018
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Playground operator opens second location in Bucharest
Kiddo Play Academy, which operates one of the biggest children playgrounds in Bucharest, in the Baneasa Shopping City, will open its second location in Bucharest, in the ParkLake mall on June 1. (...)
May 22, 2018
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“Bucharest-Leipzig-Lipscani – a European Story” Exhibition, hosted by the Bucharest Chamber of Commerce and Industry Palace
From May 21 to July 30, 2018, the exhibition called “Bucurest-Leipzig_Lipscani – o poveste europeana” (e.n. – “Bucharest-Leipzig-Lipscani – a European Story”) hosted by the Bucharest Chamber of Commerce (...)
May 22, 2018
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City Grill invests EUR 300,000 in famous Bucharest restaurant
City Grill, one of the biggest local restaurant operators, has invested EUR 300,000 in rearranging the interior of the famous Pescarus restaurant in Bucharest’s Herastrau Park. The group took over (...)
May 22, 2018
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Romania’s private healthcare services market, up 12% in 2017
The private healthcare services market in Romania went up by 12% in 2017, to EUR 1.7 billion, according to an analysis by medical services comparison service Mediprice. The top five medical (...)
May 22, 2018
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Romanian state-owned hydropower producer looking to buy wind and solar parks
Romanian power producer Hidroelectrica, the most valuable state-owned company, is analyzing the opportunity of buying wind and solar parks in the country as well as other energy companies abroad, (...)
May 22, 2018
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New draft ordinance for changing Romania’s taxi law may impact Uber, Taxify
A new emergency ordinance draft launched into debate by the Development Ministry aims to change the taxi law. The proposed changes would make it easier to fine drivers who charge for carrying (...)
May 22, 2018
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Kaufland Romania organizes apiculture workshops for children under the “Gradinescu” project
From the desire to familiarize children and adults with gardening and the possibility of having a healthy diet even in the urban environment, Kaufland Romania continues the “Grădinescu” project – (...)
May 22, 2018
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Owners of Romanian aluminum producer Alro looking for options to reduce their stake
Netherlands-based group Vimetco, owned by Russian investor Vitaliy Machitski, is looking for options to reduce its stake in Romanian aluminum producer Alro Slatina. The group currently owns an (...)
May 22, 2018
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Tokinomo, the only Romanian company awarded at Retail Business Technology Expo
Tokinomo, a Romanian start-up that develops retail advertising solutions, won the big prize for innovation at Retail Business Technology Expo, the largest retail fair in Europe, being the only (...)
May 22, 2018
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Romania’s Competition Council starts investigation on brick producer takeover
The Competition Council has started an investigation on the transaction through which Austrian group Wienerberger plans to take over local brick producer Brikston. The competition authority is (...)
May 22, 2018
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Romania’s online tax payment platform may also become available to companies
Romania’s Communications Ministry wants to offer companies the possibility to pay taxes through the Ghiseul.ro online platform, which is currently only available to individual taxpayers, minister (...)
May 22, 2018
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Corneliu Coposu’s political will, publicly presented 23 years after his death: Politics can’t be accepted as a means to promote personal interests
Corneliu Coposu’s political will was publicly presented on Sunday, 23 years after the senior politician’s death. The document was found in the archives of the Corneliu Coposu Foundation. The will (...)
May 22, 2018
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