Bucharest on list of most liveable cities in the world
Bucharest is on a list of 140 most liveable cities in the world compiled by the Economist Intelligence Unit as part of its Global Liveability Ranking for 2018. The Romanian capital ranks 82nd, (...)
Aug 14, 2018
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Eurostat: Romania Ranks Second In EU By Industrial Production Increase In June 2018
Romania ranks second among European Union Member States regarding the increase in industrial production in June 2018, after Ireland, compared with the same period in 2017, as per a report (...)
Aug 14, 2018
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Eurostat: Romania Posts Biggest GDP Growth In EU, Of 1.4%, On Quarter In 2Q/2018
Romania registered the biggest economic growth in the European Union in the second quarter of 2018, of 1.4%, compared with a quarter earlier, according to a report released on Tuesday by (...)
Aug 14, 2018
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Opposition files request to convene Chamber in extraordinary session
Bucharest, Aug 14 /Agerpres / - A request for the Chamber of Deputies to convene for an extraordinary session August 20-24 was submitted Tuesday to Parliament, floor leader of the opposition (...)
Aug 14, 2018
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Romania’s economic growth slows down to little over 4%
Romania’s gross domestic product (GDP) increased by 4.1%, as a gross series, in the second quarter of this year compared to the same period of 2017, the National Statistics Institute (INS). In (...)
Aug 14, 2018
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Three-Month Money Market Rate Falls Slightly To 3.26%
The 3-month money market interest rate used to calculate interests for consumer loans in lei fell to 3.26% a year on Tuesday, from 3.28% a year on Monday, central bank data (...)
Aug 14, 2018
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Fondul Proprietatea Posts Unaudited Net Profit Of RON789.8M In 1H/2018
Romanian investment fund Fondul Proprietatea on Tuesday said its unaudited net profit stood at RON789.8 million in the first half of 2018, compared with RON709.3 million in the same period in (...)
Aug 14, 2018
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PNL’s Raetchi: Interior minister, Bucharest prefect, invited to Chamber hearings
Bucharest, Aug 14 /Agerpres / - The Chamber of Deputies' Defence Committee Bureau decided on Tuesday to send invitations to Interior Minister Carmen Dan, Bucharest Prefect Speranta (...)
Aug 14, 2018
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Sphera Franchise Group 1H Consolidated Sales Surge 44% To RON350M, Net Profit Falls 31% To RON18.8M
Sphera Franchise Group, which manages the KFC, Pizza Hut and Taco Bell restaurants, on Tuesday said its consolidated sales surged 44.5% to RON350 million, but its net profit dropped 31% to (...)
Aug 14, 2018
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Digi Communications 1H Net Profit Plunges 51% To EUR15M, Revenue Rises 4.8% To EUR475M
Digi Communications (DIGI.RO) on Tuesday said its net profit plunged 51% to EUR15 million (RON70 million) and its revenue from the operations in Romania, Hungary and Spain rose 4.8% to EUR475 (...)
Aug 14, 2018
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Bravcod Buys Penes Turkey Meat Brand from Insolvent Galli Gallo for EUR20M
Farming company Bravcod has brought Romanian turkey meat brand Penes from insolvent producer Galli Gallo for EUR20 million, the seller's judicial administrator CITR said (...)
Aug 14, 2018
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IntMin Dan: Coordination of law enforcement rally intervention under on-scene supervision of a military prosecutor
Minister of Internal Affairs Carmen Dan said on Tuesday that a military prosecutor had been supervising the entire coordination of the gendarmes' intervention in the evening of August 10 (...)
Aug 14, 2018
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Mountain bike race brings cyclists from 25 countries to Romania
Cyclists from 25 countries, including mountain bike stars, European and national champions, international cycling legends and passionate riders, will join the second edition of Carpathian MTB (...)
Aug 14, 2018
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C&W Echinox: Romania Industrial & Logistics Stock Exceeds 3M Sqm Threshold
The local industrial and logistics stock exceeded the 3 million sqm threshold, reaching 3.12 million sqm at the end of the first half of 2018, according to Romania's Industrial & Logistics (...)
Aug 14, 2018
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16 people drown at the Romanian seaside this summer
A total of 16 people drowned in the Black Sea this summer, according to information so far, cited by local Mediafax. Most recently, the body of a 29-year-old man was taken out of the sea in the (...)
Aug 14, 2018
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Germany’s Allgeier Buys iQuest, One Of 20 Largest Software Companies In Romania
German company Allgeier on Monday signed an agreement to take over the majority stake in software solutions provider iQuest Group headquarters in Germany and with development centers in Cluj, (...)
Aug 14, 2018
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Transgaz Profit Declines 30% in 1H/2018, to RON279.61M
Romanian state-owned gas pipeline operator Transgaz (TGN.RO) on Tuesday reported a net profit of RON279.61 million for the first half of 2018, down 30% compared with the same period last (...)
Aug 14, 2018
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Romanian opposition party proposes law change for easier identification of gendarmes
Opposition party Save Romania Union (USR) announced that it has initiated a draft law amending the Gendarmerie Law, according to which the gendarmes should be identified based on numbers (...)
Aug 14, 2018
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Nuclearelectrica Net Profit Grows 15.9%, to RON182.3M in 1H/2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, on Tuesday reported a net profit of RON182.3 million for the first half of the year, up 15.9% (...)
Aug 14, 2018
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German Allgeier takes over one of the largest software producers in Romania
Munich-based IT group Allgeier acquired two thirds of the shares of iQuest, a company established in 1998 by Romanian entrepreneur Cornelius Brody. iQuest will continue to be run independently (...)
Aug 14, 2018
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MedLife Completes Acquisition of SfatulMedicului.ro Platform
MedLife, leader of the private healthcare services market in Romania, announced Tuesday it has completed the acquisition of of the platform sfatulmedicului.ro, the largest medical information hub (...)
Aug 14, 2018
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Romgaz Profit Falls 10%, to RON797M in 1H/2018
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Tuesday reported a net profit of RON797 million for the first half of the year, 10% lower compared with the same period of (...)
Aug 14, 2018
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Suspect detained over stealing gendarme’s gun in Bucharest protest
The Police detained a man who allegedly stole the gun of a woman gendarme during the August 10 diaspora protest in Bucharest. He was held and heard during the night of August 13 to August 14. The (...)
Aug 14, 2018
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Romanian city to build largest neighborhood since 1960s
The local authorities in Cluj-Napoca, one of the biggest regional real estate markets in Romania, plan to build a new neighborhood in the city, on a plot of 24 hectares. More than 120,000 people (...)
Aug 14, 2018
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Power Utility Electrica Posts RON210M Net Profit in 1H/2018
Romanian energy utility Electrica (EL.RO) on Tuesday reported a consolidated net profit of RON210 million for the first half of 2018, RON201.5 million higher compared with the same period last (...)
Aug 14, 2018
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ING Bank Romania Posts RON345M Net Profit in 1H/2018
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower risk coverage costs.
Aug 14, 2018
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Lithuania’s Apex Alliance Invests EUR90M In Four Hotels In Bucharest
Lithuania’s Apex Alliance, held by a number of investors, such as Nerijus Numavicius, regarded as the richest man in the Baltic country, will invest EUR90 million to build four hotels in Bucharest (...)
Aug 14, 2018
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Victoria’s Secret lingerie brand opens first shop in Romania
American brand Victoria’s Secret, famous especially for its lingerie division, has opened its first shop in Romania, at the Henri Coanda International Airport near Bucharest. The shop, which (...)
Aug 14, 2018
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Israeli investor buys 270 houses in bankrupt project near Bucharest
Hoshen Holding, owned by Israeli investor Isaac Cohen-Hoshen, one of the co-founders of real estate developer Adama, bought 272 houses in the Green City residential project, South of Bucharest, (...)
Aug 14, 2018
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Artmark’s historical real estate division aims to increase portfolio by 30%
Artmark Historical Estate, the real estate division of local auction house Artmark, aims to increase its property portfolio by 30%, to EUR 125 million. The firm also aims to reach national (...)
Aug 14, 2018
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