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Today Thursday, November 15, 2018 in the Romanian Newspapers



EY Romania: Massive investments in digital solutions required for better VAT collection
The Romanian tax authorities need to align with global trends and invest massively in digital solutions to improve the VAT collection process, explain EY Romania representatives in a release on Thursday. The consultancy firm references the recent report released by the European Commission on the VAT gap registered by member states, that presents estimates for 2016, and where Romania stands out by the poor performance in collecting the tax, (...) Nov 15, 2018
 





Government Adopts Decree Setting Legal Framework For Establishing Sovereign Funds
Romania's Government on Thursday adopted an emergency decree setting the general legal framework for the establishment of sovereign investment funds, finance minister Eugen Teodorovici said at (...)
Nov 15, 2018

 
Auchan Opens Supermarket in Craiova, Reaches 19 MyAuchan Stores in Romania
Auchan Retail Romania opened its first supermarket in Craiova Thursday, reaching 19 stores in Romania under the brand MyAuchan.
Nov 15, 2018

 
Black Friday 2018: Deals & tips for this year’s sales campaign in Romania
The biggest sales event of the year – Black Friday – is happening in Romania on November 16. Some retailers, however, have been offering discounts for weeks now. Others are waiting for the big day, (...)
Nov 15, 2018

 



Over one third of Romanians live from one day to the next (survey)
More than half of the Romanians (60pct) say they have bank loans, whilst over one third (37pct) say their mandatory monthly spending matches exactly the amount of their income, a sociological (...)
Nov 15, 2018

 
Cold weather in Romania this weekend, potential snow flurry in Bucharest
Meteorologists expect the weather to turn cold throughout the country starting with the morning of Friday, November 16, and until Sunday, November 18, at noon. The weather will be particularly (...)
Nov 15, 2018

 
Colliers: Romania, On Fashion Retailers’ Radar From The Perspective Of Growth Potential
A good economic context, defined by a rapid economic growth, a low unemployment rate and wage raises create favorable conditions for the fashion retailers on the 14 markets of the Central and (...)
Nov 15, 2018

 
Colliers: Fashion Retailers Eye Romania for Its Growth Potential
A good economic context, defined by a rapid economic growth, a low unemployment rate and wage raises create favorable conditions for the fashion retailers on the 14 markets of the Central and (...)
Nov 15, 2018

 
LEMS Opens Two New Stores In Nearly RON3.7M Investment
Romanian furniture manufacturer Lemet, which sells its products through its own Lem’s stores, has opened two new units in Bistrita and Iasi, respectively, within an investment of nearly RON3.7 (...)
Nov 15, 2018

 
Romania Raises RON644M Selling June 2023 Bonds at 4.52% Average Yield
Romania's finance ministry on Thursday raised an above-plan 644 million lei (EUR138 million) selling treasury bonds maturing in June 20 23 at an average yield of 4.52%, central bank data (...)
Nov 15, 2018

 
Romanian wine registered as EU protected designation of origin
The Romanian wine Însurăței is now registered as protected designation of origin (PDO) after the European Commission approved the request to have the local product included in the PDO register. The (...)
Nov 15, 2018

 
Electrica Group Net Profit Soars 231.6% On Year To RON315M In Jan-Sept 2018
Romanian energy utility group Electrica (EL.RO) on Thursday said its consolidated net profit soared by 231.6% (or by RON220 million), year-on-year to RON315 million in the first nine months of (...)
Nov 15, 2018

 
Transelectrica Profit Grows 51% in Jan-Sept, to RON98M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Thursday reported a net profit of RON98 million for January-September, 51% higher on the (...)
Nov 15, 2018

 
Alro Net Profit Falls 13% in Jan-Sept, to RON224M
Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Thursday said its net profit dropped 13% on the year in January-September, to RON224 million, from (...)
Nov 15, 2018

 
Account of trip to rural Transylvania wins The Telegraph writing competition
Freddie Hopkinson has won The Telegraph’s weekly Just Back travel writing competition with an account of a trip in Transylvania, a region in Romania. After a 45-minute drive from Sighișoara (...)
Nov 15, 2018

 
Romania welcomes Brexit agreement between UK, European Union
Romania's Ministry of Foreign Affairs (MAE) welcomes the agreement of the negotiators of the European Union and the UK on the final version of the text of the agreement on UK pulling out (...)
Nov 15, 2018

 
Romgaz Turnover Up 6.3% To RON3.4B, Net Profit Down 14% To RON1.02B In Jan-Sept 2018
Romgaz Medias, one of the largest natural gas producers and suppliers in Romania, on Thursday said its turnover grew 6.3% to RON3.4 billion and its net profit fell 14% to RON1.02 billion (...)
Nov 15, 2018

 
PM Dancila says official statistics prove gov’t measures right, economic growth sustainable
Data with the National Institute of Statistics (INS) suggesting that Romania's economic growth sped up significantly in Q3 2018, having advanced 1.9pct compared with Q2 2018, indicate (...)
Nov 15, 2018

 
Romanian mayor caught stealing while out of town for anti-corruption training
A mayor from Vâlcea county was filmed by surveillance cameras while stealing an electric shoe polisher, Stirilekanald.ro reported. He stole the item from the hotel where he had check in for a (...)
Nov 15, 2018

 
Electrica Triples Profit In Jan-Sept, To RON315M
Romanian energy utility Electrica (EL.RO) on Thursday said its net profit soared 220% to RON315 million and its total operating revenue fell 1% to RON4.1 billion year-on-year in the first nine (...)
Nov 15, 2018

 
Sphera Franchise Group 9-Month Consolidated Sales Grow 23% To RON551M
Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco Bell brands, on Thursday said it registered consolidated sales of RON551.6 million in (...)
Nov 15, 2018

 
Bucharest merit students awarded, parents pick up prizes as grads left the country
The City Hall of Bucharest’s District 1 has awarded students who obtained perfect scores at the National Evaluation and Baccalaureate exams and at international Olympiads. Students sit the (...)
Nov 15, 2018

 
eMAG Expects Sales To Go Up To RON4.8B In 2018
The eMAG group, which operates in Romania, Hungary, Bulgaria and Poland, expects 4.8 billion lei (EUR1.03 billion) sales in 2018, up from the about RON4.06 billion last year. The retailer is (...)
Nov 15, 2018

 
Fierce competition for local administration jobs in Romania
The higher salaries in Romania’s public and local administration makes the competition for jobs in this sector a fierce one. In the Northern Romania city of Bistrita, 28 candidates entered the (...)
Nov 15, 2018

 
Romanian telecom group Digi sees profit down by 57% in first nine months
Romanian telecom group Digi Communications recorded a net profit of EUR 18.9 million in the first nine months of this year, down by 57% compared to the same period of 2017. The group’s total (...)
Nov 15, 2018

 
Romanian city adds 3D pedestrian crossing to prevent accidents
A 3D pedestrian crossing has been painted in Bistrița, a city in northern Romania, as part of a campaign to prevent traffic accidents. The Police Inspectorate of Bistrița-Năsăud County in partnership (...)
Nov 15, 2018

 
Hungarian govt. finances two football teams in Romania
The Hungarian government has offered over EUR 6 million worth of financing to two football clubs in Romania, Sepsi Sfantu Gheorghe and Csikszereda from Miercurea Ciuc. The Hungarian government (...)
Nov 15, 2018

 
Romanian nuclear power producer ups net profit by 28% on higher sales
State-owned Nuclearelectrica, which operates Romania’s nuclear power plant at Cernavoda, recorded a net profit of RON 321 million (EUR 69 million) in the first nine months of this year, up by 28% (...)
Nov 15, 2018

 
Internship Is Key. Companies Must Handle Employee Specialization
Romania’s development over the next two decades will depend in part on employee education and getting them specialized should fall upon companies in the absence of an education system with a (...)
Nov 15, 2018

 
Romanian tour operator complains about lack of guides in the country
Romania has half the number of tourist guides it needs although tourism agencies pay guides with EUR 70 per day, according to Karpaten Turism, a local tour operator specialized in incoming (...)
Nov 15, 2018

 
Biggest mall owner in Romania wants to invest EUR 1.5 bln in revamping local train stations
Investment fund NEPI Rockcastle, the biggest mall owner in Romania, is willing to invest EUR 1.5 billion in modernizing several train stations in the country, a Transport Ministry official has (...)
Nov 15, 2018

 
Romanian gas transporter’s net profit, down by a third due to lower revenues
Romanian state-controlled gas transporter Transgaz (TGN) reported a net profit of RON 299 million (EUR 64.3 million) in the first nine months of this year, down by 31% compared to the same period (...)
Nov 15, 2018

 
Fondul Proprietatea plans to bring Engie Romania on the capital market
Romanian investment fund Fondul Proprietatea (FP) is talking to investors about selling parts of its holdings in Hidroelectrica, the biggest power producer in Romania, and Salrom, the country’s (...)
Nov 15, 2018

 
Raiffeisen Bank almost doubles net profit in Romania
Raiffeisen Bank Romania recorded a net profit of RON 718 million (EUR 154 million) in the first nine months of this year, up by 91% compared to the similar period of 2017. The bank’s assets (...)
Nov 15, 2018

 

 
CHANGE
 
 
Bucharest merit students awarded, parents pick up prizes as grads left the country

eMAG Expects Sales To Go Up To RON4.8B In 2018

Fierce competition for local administration jobs in Romania

Romanian telecom group Digi sees profit down by 57% in first nine months

Romanian city adds 3D pedestrian crossing to prevent accidents

Hungarian govt. finances two football teams in Romania

Romanian nuclear power producer ups net profit by 28% on higher sales

Internship Is Key. Companies Must Handle Employee Specialization

Romanian tour operator complains about lack of guides in the country

Biggest mall owner in Romania wants to invest EUR 1.5 bln in revamping local train stations

Romanian gas transporter’s net profit, down by a third due to lower revenues

Fondul Proprietatea plans to bring Engie Romania on the capital market

Raiffeisen Bank almost doubles net profit in Romania

U.S. group will produce sensors for aeronautic industry in Romania

Romanian tech unicorn UiPath raises USD 40 mln more than planned in third financing round

Finnish group invests EUR 10 mln in factory near Bucharest

British PM cancels on Romanian president due to cabinet meeting on Brexit

Press Review - November 15, 2018

Weekend Calendar: Gaudeamus Book Fair, Asia Fest, RadiRo Festival, Irish Film Days

President Iohannis presents icon, wine collection to Prince Charles on prince’s birthday

Kaufland Sales Headed To RON11B In 2018

INTERVIEW Priest Constantin Necula: In Advent we find out how much humanity is left in us

Ford Romania seeks local government’s support with recruitment of 1,700 people

Bloomberg: “EU Corruption Report Gets the Middle Finger in Romania”

JusMin Toader: CVM Report uses double standard and has political undertone

Alexandrion Group Expands Retail Presence Opening Its First Store in Ploiesti

Draft law on home detention gets final vote in Romanian Parliament

Romania’s ruling party looks at challenging CVM report in EU court

Finland's Peikko Acquires Factory Premises Near Bucharest, Starts Production in 2019

Lord of the Dance back to Romania next year for summer show

​Top governing party politician shows middle fingers to Romania opposition in rebuke to European Commission criticism

Tango festival kicks off in western Romania

SIF Oltenia Revenue Up 70% On Year To RON102.9M In Jan-Sept 2018

Digi Communications Posts 8.7% Higher Revenue, Of EUR176M, For Its Romanian Operations In 3Q/2018

Raiffeisen Bank Nearly Doubles Profit in Jan-Sept, to RON718M

Fake bomb alert in city north of Bucharest triggers evacuation of 180 people

Comelf 9-Month Revenue Down 17% To RON114M, Net Profit Down 42% To RON2.03M

Thieves use explosives to steal ATM from Romanian bank but their plan fails

Govt. says Romania is ready for EU Council presidency

Antibiotice Iasi 9-Month Sales Up 3% On Year To RON241M

 

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