Romania's Trade Deficit Widens To EUR14.02B In January-October 2019
Romania's trade balance posted a deficit of EUR14.023 billion in the first ten months of 2019, EUR2.180 billion higher compared with the same period in 2018, data from the country's statistics (...)
Dec 10, 2019
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Net Investment In Romania Grows 18.6% YoY To RON67B In Jan-Sept 2019
Net investments in the Romanian economy grew 18.6% in the first nine months of 2019, compared with the first half of 2018, to RON67.1 billion (nearly EUR14 billion), data from the country's (...)
Dec 10, 2019
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Bucharest Stock Exchange, Second Top Performing Market in EU in Jan-Nov
The Bucharest Stock Exchange, rated as secondary emerging market by FTSE Russel, is the second top performing capital market in the European Union since the beginning of 2019, as the BET index (...)
Dec 10, 2019
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2019 in Review: Most Important Events in Food and Beverage Industry
The year 2019 came with a slowdown in consumer spending in Romania but the food and beverage industry remained buoyant, with new investments announced and new product (...)
Dec 10, 2019
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Romanian govt to discuss key projects for which it plans to take responsibility
Romania's Liberal government is to discuss in a session on Tuesday a series of key projects for which it plans to take responsibility before the parliament - measures it describes as necessary to (...)
Dec 10, 2019
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In interview with Tass, Romanian ex-President Iliescu calls for normal relations with Russia
Romania's first post-Communist President Ion Iliescu, who hasn't showed up in public for two and a half years, has given an interview to Russian state-controlled agency TASS in which he spoke, (...)
Dec 10, 2019
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Weightlifting: Romania wins another 11 medals at EWF Under-15 & Youth Weightlifting Championships
Romanian won 11 new medals on Monday, the third day of the at EWF Under-15 & Youth Weightlifting Championships taking place in Eilat, Israel, namely 6 gold, 2 silver and 3 bronze.
In the 59 (...)
Dec 10, 2019
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Dozens of AGERPRES photos from 1989 Revolution, on display at 'Our children will be free' exhibition
Dozens of photographs taken by AGERPRES photojournalists during the Revolution, postage stamps, but also articles from the Romanian and international press dedicated to the events of December (...)
Dec 9, 2019
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Senate adopts simple motion against Finance Minister Florin Citu
The Senate has adopted, on Monday, the simple motion against Minister of Public Finance, Florin Citu.
The motion received 59 votes "for", 56 "against" and two abstentions.
The (...)
Dec 9, 2019
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President Iohannis: I want mayors to be elected in two rounds
President Klaus Iohannis on Monday argued that mayors must be elected in two rounds and stressed that a real partnership between central and local public administration is needed.
"The (...)
Dec 9, 2019
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Finance minister claims previous govt knew of 4% deficit, accuses them of acting against the interest of Romania
The Finance minister of Romania's new Liberal government on Monday accused his predecessor and the prime minister of the previous Social Democratic government of knowing well in advance and (...)
Dec 9, 2019
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CFR Signs RON11.3M Feasibility Study for Upgrades to Bucharest's Main Train Station
Romanian state-owned railway operator CFR and Consis Proiect have signed a RON11.3 million contract, net of VAT, for a feasibility study on upgrades to Gara de Nord, Bucharest's main train (...)
Dec 9, 2019
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European Funds Ministry, WB discuss linking entrepreneurship to education system, through EU-funded vouchers
The representatives of the Ministry of European Funds (MFE) and those of the World Bank are discussing the possibility of implementing entrepreneurship in the Romanian education system, through (...)
Dec 9, 2019
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PSD supports progressive taxation of income
Interim Chairperson of the Social Democratic Party (PSD) Marcel Ciolacu argued that it is "incorrect" for the National Liberal Party (PNL) to support the elimination of special pensions (...)
Dec 9, 2019
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Romania Raises RON832.8M Selling Feb 2029 Bonds at 4.67% Average Yield
Romania's finance ministry on Monday raised 832.8 million lei (EUR174.3 million) versus RON500 million planned selling bonds maturing in February 2029 at an average yield of 4.67%, central bank (...)
Dec 9, 2019
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New Car Registrations in Romania Grow 21.5% in Jan-Nov
New car registrations in Romania grew 21.5% on year in January-November, to 147,789 units data from the association of automotive manufacturers in Romania (ACAROM) and vehicle registration (...)
Dec 9, 2019
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PNL to notify Parliament about taking responsibility for three bills
Deputy Prime Minister Raluca Turcan said on Monday that the Executive Bureau of the National Liberal Party (PNL), at rule, decided at its meeting to notify Parliament on Tuesday about passing (...)
Dec 9, 2019
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Antitrust Body Looks Into Fan Courier Acquisition of SLS CARGO
Romania's antitrust body is looking into the deal whereby FAN Courier, the leading courier services company in Romania, is acquiring a majority stake in transportation and logistics firm SLS (...)
Dec 9, 2019
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Memento Group To Operate TUI Travel Center in Romania
Memento Group, owner of Christian Tour, the leading Romanian tour operator by sales, will operate the TUI Travel Center brand in Romania.
Dec 9, 2019
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Vascar Reaches 21 Stores in Eastern Romania
Vascar, one of the leading cold cuts and canned food producers Vascar, has opened two new stores, in Galati and Iasi, reaching 21 units in the eastern part of (...)
Dec 9, 2019
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MAM Bricolaj Opens New Store in Bucharest in EUR250,000 Investment
MAM Bricolaj, supplier of furniture materials and accessories owned by Cristian Gavan, has opened a new store in Bucharest, its second in the cit, following an investment of (...)
Dec 9, 2019
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Hidroelectrica Takes Steps to Acquire Romanian Assets of CEZ and Enel
Shareholders of state-owned power producer Hidroelectrica are set to decide in two general meetings in December whether to hire consultants for the acquisition of CEZ and Enel assets in Romania (...)
Dec 9, 2019
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International Anti-Corruption Day: PM Orban reiterates commitment and determination of Gov't to support this fight
Prime Minister Ludovic Orban said in a message on Monday, occasioned by the International Anti-Corruption Day, that fighting this phenomenon is "the desideratum which united Romanians of all (...)
Dec 9, 2019
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On International Anti-Corruption Day, Iohannis say corruption scourge undermines democracy, rule of law
Corruption weakens the state, erodes the institutions and generates a setback of the society as a whole, and the scourge undermines democracy and the rule of law, President Klaus Iohannis said in (...)
Dec 9, 2019
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On International Anti-Corruption Day, Iohannis says corruption scourge undermines democracy, rule of law
Corruption weakens the state, erodes the institutions and generates a setback of the society as a whole, and the scourge undermines democracy and the rule of law, President Klaus Iohannis said in (...)
Dec 9, 2019
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UPDATE Struggle over candidacy of maverick Nicusor Dan hits reformist Romanian opposition as it prepares for high-stakes Bucharest elections next year / Allies promise common candidates
With many months still to go until local elections take place in Romania, struggles have emerged within a key opposition alliance as preparations start for the Bucharest polls. The announcement (...)
Dec 9, 2019
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Romania Net Average Salary Grows 1.1% in October
The net average salary in Romania grew 1.1% in nominal terms in October compared with September, to 3,116 lei (around EUR652), data from the country's statistics board showed (...)
Dec 9, 2019
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Romania wins five more medals at EWF Under-15 & Youth Weightlifting Championships in Israel
Romania won five more medals on Sunday, the second day of the European Weightlifting Federation Under-15 &Youth Weightlifting Championships in Eilat, Israel.
In the women's under-15 55 kg (...)
Dec 9, 2019
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Office Space Vacancy Rate in Bucharest Up to 9.3% in Jan-Sep
The vacancy rate for modern class A and class B office space in Bucharest reached 9.3% at the end of September 2019, while the office space stock 3.16 million square (...)
Dec 8, 2019
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Law Firm Tuca Zbarcea & Asociatii Joins Forces with Trident Capital Investment
Law firm Tuca Zbarcea & Asociatii has partnered with investment banking and corporate finance firm Trident Capital Investment to provide integrated services to customers interested in a (...)
Dec 8, 2019
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