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Today Friday, October 30, 2020 in the Romanian Newspapers



Public Affairs Solutions Relocates to ONE Tower in 2021
Public Affairs Solutions will relocate its Bucharest headquarters in 2021 to the ONE Tower office building developed by One United Properties in the Floreasca area, after spending 13 years in its headquarters in Victory Square. Oct 30, 2020
 





Colliers: Over 90% of Office Tenants Paid Rent on Time in 3Q
Most office tenants paid their due rent on time in the third quarter even though many companies worked in a hybrid system of work-from-home and work-from-office, Colliers International said (...)
Oct 30, 2020

 
State to cover all treatment expenses of survivors of Colectiv club fire in Bucharest
Romanian president Klaus Iohannis promulgated on Friday, October 30, the law providing that those injured in the 2015 Colectiv club fire in Bucharest will benefit from lifelong financial support (...)
Oct 30, 2020

 
SIF Moldova Changes Name to Evergent Investment
Shareholders of regional investment fund SIF Moldova (SIF2.RO) on Friday approved changing the company's name to Evergent Investment, a first on the local capital (...)
Oct 30, 2020

 



Watch: Two stags fight for dominance in central Romania forest
Two stags’ fight for dominance was caught on camera in the forests of Brasov county, in central Romania. Regia Padurilor Kronstadt (the Kronstadt Local Forest Directorate) shared the video on (...)
Oct 30, 2020

 
BestJobs: Romania Job Market Stays Active; Applications Up 73% in October
Companies had 73% more job applications for open positions in October compared with October 2019 and 5% more compared with September, data from online recruiting platform BestJobs showed (...)
Oct 30, 2020

 
Ryanair adds Bucharest-Manchester route to its Summer 2021 schedule
Low-cost airline Ryanair announced that it would operate a new Bucharest route to Manchester starting March 29, 2021, as part of its Bucharest Summer 2021 schedule. The airline will have three (...)
Oct 30, 2020

 
Turbomecanica Net Profit Halves in Jan-Sept, to RON8.7M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) on Friday reported a net profit of RON8.7 million for the first nine months of 2020, down 51% on the year, while its turnover (...)
Oct 30, 2020

 
Romanian low-cost airline Blue Air moves Bucharest-London flights from Luton to Heathrow
Blue Air, the biggest Romanian airline, announced it would move its Bucharest-London flights from Luton Airport to Heathrow Airport starting December 1. This is a significant move, given that (...)
Oct 30, 2020

 
NN Group Raises Stake in Banca Transilvania to 10.04%
NN Group and the pension funds it manages have raised their holding in Romanian lender Banca Transilvania (TLV.RO) from 9.96% to 10.04%, the bank announced (...)
Oct 30, 2020

 
Mayor Nicusor Dan says Bucharest will not hold Christmas market this year
The Christmas market will not be organized this winter in Bucharest due to the coronavirus crisis and the health situation in the capital, general mayor Nicusor Dan said on Thursday, October 29. (...)
Oct 30, 2020

 
(P) Comment: The top 3 key skills to be developed by the current leaders
Insights from the perspective of an Executive Head-Hunter in Romania In our profession we speak daily with senior management, our clients, and candidates. Of course, COVID and its implications (...)
Oct 30, 2020

 
Retailer Dm Drogerie Markt Opened Five Stores in 2020, One More to Go
Retailer dm drogerie markt has opened five new stores and closed one this year, so it now has 113 stores. Last year, it opened about ten stores, in street front locations, shopping centers and (...)
Oct 30, 2020

 
Romania Unemployment Rate Inches Down to 5.2% in September
Romania's seasonally adjusted unemployment rate inched down to 5.2% in September from 5.3% in August, data from the country's statistics board showed (...)
Oct 30, 2020

 
Romania’s reformist block USR-PLUS unveils ruling strategy
The leaders of the Romanian reformist block USR-PLUS, Dan Barna and Dacian Ciolos, presented on Thursday, October 29, the alliance's ruling strategy. The program contains 40 commitments, (...)
Oct 30, 2020

 
Insurance Market Posts 51% Rise in Net Profit to RON100.9M in H1
The insurance market ended the first half with 100.9 million lei profit, 51% more than in the year-ago period, Financial Supervisory authority (ASF) data (...)
Oct 30, 2020

 
Romanian opposition reopens debate on electoral calendar
Romania's largest opposition party, the Social Democratic Party (PSD), will invite the lawmakers to vote once again the law that entitles them to set the general elections day, as opposed to the (...)
Oct 30, 2020

 
Computer and Electronics Retailer Flanco: Our Industry Is Among Winning Sectors in Pandemic
The overall computer and electronics industry has been one of the winners of this time when people switched to working from home and have been spending less time (...)
Oct 30, 2020

 
Romanian farm supply retailer Agroland opens its biggest store in eastern Bucharest
Romanian farm supply store chain Agroland opened its largest store in eastern Bucharest after an investment of EUR 150,000 (working capital not included). The new store, Agroland Mega, has an (...)
Oct 30, 2020

 
CBRE: small and medium sized retail parks to drive Romanian market’s expansion
The 172,000 square meters added this year to the stock of modern retail space in Romania consisted of large-sized projects initiated last year. Still, investors have turned cautious in the (...)
Oct 30, 2020

 
Wizz Air expands in Romania as local airlines suffer
Hungarian low-cost airline Wizz Air, the biggest air carrier in Romania by number of passengers, opened on Thursday, October 29, a new base in the Eastern Romania city of Bacau. Wizz Air will (...)
Oct 30, 2020

 
Orange Romania posts 2.1% lower revenues in Q3
Orange Romania, the biggest telecom group on the local market, reported that its turnover decreased by 2.1% in the third quarter (Q3) to EUR 273.1 million. "Although we are going through a (...)
Oct 30, 2020

 
OMV Petrom falls into red in Q3 on low oil and gas prices
OMV Petrom (SNP), the largest energy company in Romania, recorded a net loss of RON 41 million (EUR 8.5 mln) in the third quarter (Q3) of 2020 as the sales declined by one-quarter year-on-year, (...)
Oct 30, 2020

 
Romanian FinMin: more interest rate and liquidity stimuli still possible
Romania still has resources to use interest rate cuts and liquidity injections to stimulate the real economy sector, finance minister Florin Citu said in an interview for Radio Guerrilla on (...)
Oct 30, 2020

 
Romanian companies reportedly borrowed EUR 3 bln under Govt. backed program
Romanian small and medium-sized companies received loans totaling RON 15 billion (EUR 3 bln) under the Government-backed IMM Invest program, announced Dumitru Nancu, general manager of the body (...)
Oct 30, 2020

 
Romanian Govt. taken by surprise by strong demand for working capital grants
Over 22,200 Romanian small and medium-sized enterprises submitted requests for working capital grants under the second measure of the EUR 1 billion program launched by the Government to support (...)
Oct 30, 2020

 
Minister Aurescu, at OECD reunion, sends message of solidarity with the French people
Minister Bogdan Aurescu on Thursday sent a message of solidarity with the French people, expressing his revolt over the attacks in France, Romania’s strategic partner, firmly condemning these (...)
Oct 29, 2020

 
President Iohannis: Once the anti-COVID vaccine is available, it will be provided to EU member states
President Klaus Iohannis said on Thursday that once the anti-COVID vaccine is available, it will be provided to EU member states and stressed the need to increase funding available under the (...)
Oct 29, 2020

 
PM Orban reacts to allegations about too little COVID-19 testing in certain counties: It’s a baseless theory
Prime Minister Ludovic Orban reacted on Thursday evening to allegations about too little COVID-19 testing in certain counties, stating that this is “a baseless theory”, that the testing capacity (...)
Oct 29, 2020

 
PSD's Grindeanu calling on Gov't to release 2021 budget blueprint as per public transparency requirements
The Social Democratic Party (PSD) renewed its call on the government, specifically on Finance Minister Florin Citu, to keep with public transparency and release next year's budget blueprint, PSD (...)
Oct 29, 2020

 
Turkish Honorary Consulate General inaugurated in Tulcea
Turkey's ambassador to Romania, Füsun Aramaz, inaugurated today the headquarters of the Honorary Consulate General of the Republic of Turkey in Tulcea and laid a wreath at the bust of modern (...)
Oct 29, 2020

 
Orban: By organising parliamentary elections on 6 December there is no additional risk of coronavirus spread
Prime Minister Ludovic Orban said in southeastern Constanta on Thursday evening that by holding parliamentary elections on 6 December there is no additional risk of the spread of the coronavirus, (...)
Oct 29, 2020

 
Iohannis: There is need to increase funding available to increase vaccine supply sources
President Klaus Iohannis said on Thursday that once the anti-COVID vaccine is available, it will be provided to EU member states and stressed the need to increase funding available under the (...)
Oct 29, 2020

 
Another former head of Romania’s Chamber of Deputies sent to jail for corruption
The Bucharest Court of Appeal sentenced Bogdan Olteanu, a former president of Romania’s Chamber of Deputies, to five years in jail for corruption. The decision is final, and Olteanu turned himself (...)
Oct 29, 2020

 

 
CHANGE
 
 
Romanian FinMin: more interest rate and liquidity stimuli still possible

Romanian companies reportedly borrowed EUR 3 bln under Govt. backed program

Romanian Govt. taken by surprise by strong demand for working capital grants

Minister Aurescu, at OECD reunion, sends message of solidarity with the French people

President Iohannis: Once the anti-COVID vaccine is available, it will be provided to EU member states

PM Orban reacts to allegations about too little COVID-19 testing in certain counties: It’s a baseless theory

PSD’s Grindeanu calling on Gov’t to release 2021 budget blueprint as per public transparency requirements

Turkish Honorary Consulate General inaugurated in Tulcea

Orban: By organising parliamentary elections on 6 December there is no additional risk of coronavirus spread

Iohannis: There is need to increase funding available to increase vaccine supply sources

Another former head of Romania’s Chamber of Deputies sent to jail for corruption

How to ensure the security of building management systems

Fondul Proprietatea requests new selection process for appointment of Board Members at Bucharest Airports

Nestlé and Alliance for YOUth are to create 300,000 new opportunities to support young people by 2025

ANPC head:It’s supermarkets’ job to seek out farming producers, not the other way round

Iohannis: Romania, alongside France in fight against extremism

Firea: PSD to call to Parliament PM Orban to present report regarding next year’s budget

PSD to call to Parliament PM Orban for report regarding next year’s budget

Romania Had Second Lowest Tax-to-GDP Ratio in EU in 2019, of 26.8%

SIF Oltenia Shareholders Reject Buyback Plan, Approve Capital Reduction

CBRE: Retail, Logistics, Delivery Drive Industrial Space Deals

Nicusor Dan, invested General Mayor: Bucharest has an extraordinary outlook for the future and we cannot fail to succeed

Works by Adrian Ghenie, Ştefan Câlţia auctioned in Bucharest

Romanian short film "Contraindications", by Lucia Chicos, awarded in Cinefondation section, Cannes 2020

“Korea through the lenses of Romanian diplomats”: Special Online Photo Exhibition in celebration of the 30th anniversary of bilateral diplomatic relationship

The pandemic changes the medical priorities of Romanians

Demand in the industrial and logistics market continues to grow

ABS Financial Services, part of TotalSoft, takes over the business portfolio from Nexia CRG Expert

CMS appoints new Managing Partner in Bucharest

Nicusor Dan, invested general mayor: Capital has extraordinary outlook for the future

TeraPlast Group: Organic growth of 46% in EBITDA and 14% in turnover in the first nine months of 2020

GCS: Romania’s COVID-19 case count shatters record figures-6.481 new cases in the last 24 hours. 36.169 tests, 83 deaths, 868 patients in ICUs

Romanian airline Tarom cancels several international, domestic flights

Romania’s COVID-19 case count shatters record - 6,481 cases; 36,169 tests performed in last 24 hours

Romania adds close to 6,500 Covid-19 cases, new daily record

Agroland Opens 550 Sqm Store in Bucharest, Expects EUR750,000 Sales in First Year

IMSB: Fostering a Healthy, Safe and Supportive Learning Environment

Romanian software company opens office in India

Sameday Leases 2,100 Sqm in TBM Industrial Park

H.E. Ms. Füsun Aramaz, Ambassador of the Republic of Turkey: We cherish our Republic’s 97th birthday this year. Celebrating modern Turkey’s birthday in friendly Romania is our joy and privilege.

 

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