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Today Wednesday, December 12, 2018 in the Romanian Newspapers



Enayati Group, Monza to Build Revera Medical City in Bucharest for EUR60M
Enayati Group, owned by dr Wargha Enayati, who founded private healthcare network Regina Maria 20 years ago, has reached an agreement to build Revera Medical City, the largest private medical center in Romania. Dec 12, 2018
 





Iohannis: CSM should become Parliament’s genuine dialogue partner in law-making process
President Klaus Iohannis said on Wednesday that the Supreme Council of Magistrates (CSM) should become a dialogue partner for Parliament in the law-making process. "CSM should become a (...)
Dec 12, 2018

 
Superfood Company Sees Sales Growing 8% in 2018, to over RON100M
Superfood Company, importer and wholesaler of products for small children, expects to end 2018 with a turnover of RON105 million, up 8% on the year, due to higher consumption and increase (...)
Dec 12, 2018

 
30 short films compete for awards of NexT festival in Bucharest
Twenty international shorts and ten Romanian short films are competing in the sections of the NexT International Film Festival. The event takes place in Bucharest between December 14 and December (...)
Dec 12, 2018

 



President Iohannis extends condolences to French counterpart following Strasbourg attack
Romania's President Klaus Iohannis on Wednesday extended condolences to his French counterpart Emmanuel Macron after a tragic armed attack that occurred in Strasbourg on Tuesday, (...)
Dec 12, 2018

 
Developer Nova Imobiliare Starts Works on Colosseum Mall in Bucharest
Real estate developer Nova Imobiliare, which developed Colosseum Retail Park in north-western Bucharest, has started construction works on shopping center Colosseum Mall, a EUR30 million (...)
Dec 12, 2018

 
Survey: Romania’s labor market, more prudent in the first quarter of 2019
More than two thirds (70%) of employers in Romania anticipate no changes in the size of their payrolls in the first quarter (Q1) of 2019, the largest percentage in over two years, and this (...)
Dec 12, 2018

 
Northern Transylvania municipalities plan association for economic development
Several municipalities and county councils in the northwestern Romania counties of Maramureş, Satu Mare, Sălaj and Bistriţa-Năsăud plan to set up an association called Northern Transylvania Province. (...)
Dec 12, 2018

 
Simona Halep and Marius Copil named Romania’s best tennis players in 2018
World No.1 Simona Halep and Marius Copil were named the best tennis players of Romania in 2018 during the Romanian Tennis Gala organized on Tuesday evening, December 11, by the Romanian Tennis (...)
Dec 12, 2018

 
Romania Has the Potential to Double Its GDP in Ten Years
Romania can double its gross domestic product (GDP) from about EUR200 billion as estimated this year to EUR400 billion in ten years, provided that it invest in the road infrastructure and the (...)
Dec 12, 2018

 
Romania’s annual inflation eases to 3.4% in November
Romania’s consumer price index increased by 3.4% in November compared to same month last year (in y/y terms) and the annual inflation thus eased from 4.3% y/y in October and 5.0% y/y in September. (...)
Dec 12, 2018

 
2018 in Review: Modern Retail
Modern retail in Romania is an about EUR12 billion market with more than 2,500 stores, dominated by ten international actors. The sector saw a number of executive changes, expansion by several (...)
Dec 12, 2018

 
Romania’s entrepreneurs set up own business as alternative to jobs
Romania and Cyprus have the highest shares of self-employed who declare that they started their own business because they failed to find a job, unlike those self-employed in other states who most (...)
Dec 12, 2018

 
Only three out of ten Romanian employers pay Christmas bonuses this year
In 2018, some 32% of the companies will pay bonuses in cash to their employees while 20% will give them gift vouchers, according to a poll conducted by local recruiting platform bestjobs.ro among (...)
Dec 12, 2018

 
Press Review - December 12, 2018
Dec 12, 2018

 
Sonae Sierra becomes sole owner of ParkLake shopping mall in Bucharest
Portuguese group Sonae Sierra on December 11 announced that it purchased the 50% stake held by its former Joint Venture partner Caelum Development in the ParkLake mall in Bucharest, in a move to (...)
Dec 12, 2018

 
French retailer Auchan joins Uber Eats platform in Romania
The Romanian subsidiary of French retail chain Auchan joined the Uber Eats platform, starting December 11. Uber Eats customers will thus be able to order Auchan menus customized by three Auchan (...)
Dec 12, 2018

 
So far, no Romanian nationals among Strasbourg attack victims (MAE)
Romania's Foreign Affairs Ministry (MAE) has reported that so far there are no Romanian nationals among the victims of a Strasbourg attack occurred on Tuesday in Strasbourg, France, and (...)
Dec 12, 2018

 
Net wages rise by 13.7% in Romania in 12 months ending October
The average net wage in Romania increased to RON 2,720 (EUR 585) in October, a level 13.7% higher than in the same month last year (y/y terms). In absolute terms (adjusted for the consumer price (...)
Dec 12, 2018

 
Romania’s Liberal Party to file no-confidence motion this week
The leader of Romania’s main opposition party, the National Liberal Party (PNL), Ludovic Orban announced on Tuesday, December 11, that his party would submit a no-confidence motion against the (...)
Dec 12, 2018

 
Romania’s lawmakers begin debates on controversial pension law
The expert committees of the Chamber of Deputies started debating the controversial pension law in Romania. The Senate voted the bill on November 26, after the Government endorsed it on October (...)
Dec 12, 2018

 
Romanian Govt To Draft 2019 Budget on 5.5% GDP Growth
Romania's draft state budget for 2019 will be based on a gross domestic product of RON1,022 billion, a projected economic growth of 5.5% and a deficit below 3% of GDP, finance minister Eugen (...)
Dec 11, 2018

 
News agencies in Europe join forces to fight fake news
News agencies in Europe have joined forces to fight the growing threat posed by fake news. In a resolution adopted last week in Tirana, these commit to developing effective tools and rules to (...)
Dec 11, 2018

 
Ensuring Presidency of EU Council, ambitious mission for Romania, Matthew Boyse appreciates
Romania's ensuring the 6-month Presidency of the Council of the European Union is an ambitious task, full of challenges as it takes place in a particularly difficult period, marked by (...)
Dec 11, 2018

 
European Parliament backs report calling for Romania, Bulgaria accession to Schengen
The European Parliament (EP) adopted on Tuesday, December 11, the non-legislative report calling for admission of Romania and Bulgaria as full members in the Schengen area. The report was adopted (...)
Dec 11, 2018

 
Portugal’s Sonae Sierra Becomes Sole Owner Of ParkLake Shopping Mall
Portuguese real estate developer Sonae Sierra has bought 50% of the participation held by Irish company Caelum Development in Bucharest-based retail project ParkLake, thus becoming the sole owner (...)
Dec 11, 2018

 
Local company launches first men’s makeup brand in Romania
Romanian luxury health, beauty & lifestyle provider Distinctive Lifestyles announced the launch of MMUK MAN – the first men’s makeup brand in Romania. Thus, clients in Romania can purchase (...)
Dec 11, 2018

 
IT Services Firm Of Raiffeisen Group Sells German Firm Comparex To SoftwareONE
Raiffeisen Informatik, the IT services company of Raiffeisen Group, has sold Comparex AG, a global IT services provider also present in Romania, to Swiss company SoftwareONE, within a transaction (...)
Dec 11, 2018

 
Frenchman appointed GM of Automobile Dacia and Groupe Renault Romania
Frenchman Christophe Dridi, the current executive director of the Dacia car plant in Mioveni, will take over as general manager of Automobile Dacia and Groupe Renault Romania as of January 1, (...)
Dec 11, 2018

 
PM Dancila and Montenegro’s Parliament President Ivan Brajovic discuss opportunities to develop bilateral cooperation
The analysis of opportunities for the development of the bilateral cooperation was one of the main topics discussed on Tuesday by Prime Minister Viorica Dancila with Montenegro's (...)
Dec 11, 2018

 
SMEs Leased 46% Of Romanian Office Building Space In First Nine Months Of 2018
Small and medium-sized enterprises (IMM) are some of the most dynamic consumers of office building space on the Romanian market. Thus, firms with up to 250 employees traded surface areas of 2,500 (...)
Dec 11, 2018

 
New Greek restaurant opens in northern Bucharest after EUR 0.3 mln investment
The shareholders of the Osho restaurant in Bucharest and the Orotoro fast-food network invested EUR 300,000 in Yasou, a new Greek restaurant in northern Bucharest. The restaurant, located at (...)
Dec 11, 2018

 
New Car Registrations Grow 23.97% in Jan-Nov
New car registrations in Romania grew 23.97% on the year in January-November, to 121,634 units, data from the car manufacturers' association and car registration department showed (...)
Dec 11, 2018

 
Slayer will perform for the last time in Romania next year
American thrash metal band Slayer will perform at Arenele Romane in Bucharest next summer. The concert, which is scheduled for July 10, 2019, is part of the band’s final world tour. The band will (...)
Dec 11, 2018

 

 
CHANGE
 
 
Romania Average Net Salary Grows 13.7% On Year In October

CNN: Romania’s Apuseni mountains, among best destinations to visit in Europe

Romania’s Annual Inflation Rate Falls To 3.4% In November 2018

November annual inflation falls to 3.4pct in Romania

Romania has lowest rate of continuing education among EU countries

Galati municipality awards 18-tramway contract to Romanian producer Astra Vagoane

Automotive Component Plants Show First Signs of Weakness: Layoffs and Fewer People Hired

Sales of medicines in Romania, up 11.3% in 12 months ending September

Only two bidders for NBG’s Banca Romaneasca

Almost half of Romanians plan to contract bank loans

Press Review - December 11, 2018

PwC survey: real estate investors turn risk-averse despite moderate prices in Romania

Romania’s trade gap widens by 50% y/y in October

ForMin Melescanu welcomes Western Balkans dialogue at Foreign Affairs Council meeting in Brussels

Net investments in Romania drop by 1.5% y/y in third quarter

Romania stimulates private investments with EUR 77 mln grants

Chimcomplex completes takeover of Romanian chemical plant Oltchim’s operating assets

Romanians working abroad generate structural vulnerability, BNR says

Romania’s ruling party president promises regional leaders more funds for their loyalty

Romania’s Government to pass Criminal Codes by emergency ordinance

2018 in Review: Construction Sector

Nuclearelectrica Approves Dividends of RON485.4M

Romanian Govt announces emergency ordinance on penal codes

GfK: Nearly Half of Romanians Want to Get Loans in Next 6 Months

National Strategy for Romania’s Durable Development 2030, launched

Designer Christmas fair Noel returns with new edition in Bucharest this weekend

PSD’s Liviu Dragnea - appointment of new ministers: We are waiting for Court’s decision, considered fundamental

PwC: Romania Real Estate Prices Nearly 40% Below Prices Of 2008 Boom Period

Romania Raises RON697.8M Selling Oct 2020 Bonds 3.48% Average Yield

The Washington Post names Romania’s ruling party leader among the new autocrats

Romania Grants RON360M State Aid To Five Companies For Investment Projects Worth RON1B

Over EUR 0.7 mln raised at Christmas Trees Festival charity event in Bucharest

BNR’s Isarescu: Consumer price index very likely to enter 2.5pct plus/minus 1pct fluctuation band

TAP Air Portugal Leaves Romania

Oltchim Completes Asset Sale Agreement With Chimcomplex

Bucharest mayor proposes free public transport for students

New direct train makes daily trips between Cluj-Napoca and Vienna

224 municipalities in Romania will receive EU funding for Wi-Fi hotspots in public spaces

EC refers Romania to ECJ for illegal state aid to local investors

The New Yorker’s ‘Best Movies of 2018’ list includes two Romanian films

 

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