Romania Not Registered in EU's New Tobacco Track and Trace System
The European Commission announced on Tuesday that Romania has not yet registered in the EU’s newly launched track and trace system for tobacco products.
May 21, 2019
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#Europeanelections2019/INTERVIEW/Ludovic Orban: PNL, fighting for Romania’s European destiny; many political forces are Eurosceptical
The National Liberal Party (PNL) is fighting for the European destiny of Romania in the May 26 election to the European Parliament, says PNL national leader Ludovic Orban, who argues that the (...)
May 21, 2019
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Eurostat: Romania Posts Fourth Biggest Natural Gas Price Increase In EU In 2H/2018
Romania recorded the fourth largest increase in household gas prices, of 16.3%, in the European Union, year-on-year in the second half of 2018. Romania is outranked by Ireland (17.3%), Bulgaria (...)
May 21, 2019
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Romania, UNICEF sign action plan providing for new action guidelines
The Romanian government and the United Nations Children's Fund (UNICEF) signed an action plan for a 2018-2022 country programme, through Foreign Minister Teodor Melescanu, Minister of (...)
May 21, 2019
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OMV Petrom Completes EUR19M Investment in Arad Fuels Terminal
Romania's oil and gas company OMV Petrom (SNP.RO) has invested around EUR19 million in the modernization of its fuels terminal in Arad, western Romania, the second largest in the country, with (...)
May 21, 2019
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Majority leader Dragnea says to decide after European elections whether or not to run for president
National leader of the Social Democratic Party (PSD), major at rule, Liviu Dragnea says he will announce Sunday after the European elections if he will run for the presidential elections this (...)
May 21, 2019
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Garanti Group Romania Posts RON38M Consolidated Net Profit in 1Q/2019
Garanti Group Romania, which consists of Garanti Bank, Garanti Leasing and Garanti Consumer Finance, recorded a consolidated net profit of RON38 million and reached total assets of RON12 billion (...)
May 21, 2019
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Garanti Group Romania Posts RON38 Consolidated Net Profit in 1Q/2019
Garanti Group Romania, which consists of Garanti Bank, Garanti Leasing and Garanti Consumer Finance, recorded a consolidated net profit of RON38 million and reached total assets of RON12 billion (...)
May 21, 2019
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CEZ Group May Sell Romanian Operations
Czech-held utility group CEZ plans to sell its Romanian operations after its shareholders expressed discontent about the company’s strategy in Eastern (...)
May 21, 2019
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Bayer Sees Sinesti Processing Output at EUR55M This Year
Bayer Romania's corn seed procession station in Sinesti, Ialomita county, will reach an output worth EUR55 million this year from 7,500 hectares of corn crops, the company said (...)
May 21, 2019
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De’Longhi Tops RON1B Turnover in Romania in 2018
Italian home appliances manufacturer De’Longhi, a family business with a history of more than a century that started operations in Romania in 2013, reached a turnover of RON1.2 billion in 2018, up (...)
May 21, 2019
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IRE calls on all relevant associations to work together for energy sector
AGERPRES special correspondent Nicoleta Gherasi reports: The Romanian National Institute for the Study of Energy Sources and Use - IRE, Romania's representative at Eurelectric - the Union (...)
May 21, 2019
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Uber, Bolt and Clever launch online petition demanding fast ride-sharing regulation
The Coalition for Digital Economy, an independent organization that represents the major ride-sharing and e-hailing companies in Romania Uber, Bolt and Clever, launched the online petition (...)
May 21, 2019
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Discount Retailer Pepco Sales Up 35% to RON900M in 2018
Polish-held discount retail chain Pepco, which sells products at prices starting from 1.99 lei (EUR0.41) posted about 35% increase in sales to almost RON900 milion in 2018. The sales are more (...)
May 21, 2019
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Window Maker Casa Noastra Exports Up 12% in 2018
Craiova-based window manufacturer Casa Noastra held by businessman Stefan Cherciu has increased exports by 12% in 2018 over the previous years.
May 21, 2019
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Profi Becomes First Retailer in Romania to Overshoot 1,000-Store Mark
Supermarket and convenience store chain Profi has grown to 1,005 stores in about 500 cities in Romania and is the first retail to achieve this feat. The company’s plans will not stop at this, (...)
May 20, 2019
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Samsung Joins Club of Companies with At Least EUR1B Revenue in Romania
South Korea’s Samsung posted about 4.6 billion lei (EUR1 billion) revenue in Romania last year, up about 8% over 2017.
May 20, 2019
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APIA: Car Sales In Romania Grow 12.4% In January-April 2019
The Romanian car market strengthened expectations for the sixth consecutive year of growth, with a very good level in April 2019 (+35.5% compared to March 2019), and posting a 12.4% increase in (...)
May 20, 2019
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President Iohannis: I draw the Government’s attention not to sacrifice our economic future
President Klaus Iohannis on Monday sent a message to the participants in the "Innovation Labs 2019 - Demo Day" event, in which he drew the Government's attention "not to (...)
May 20, 2019
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#Romania2019.eu/ EnviMin Gavrilescu: EU needs wider range of financial instruments to boost private innovation investment
The European Union (EU) needs a wider range of financial instruments to provide incentives to promote private investment in needed technological innovations, including increased funding for (...)
May 20, 2019
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Online Bookstore Libris.ro Eyes 30% Higher Sales, Of Over RON50M, In 2019
Online bookstore Libris.ro targets a 30% increase in sales, to over RON50 million, in 2019, after reporting a turnover of RON40 million in 2018, up 28% versus (...)
May 20, 2019
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One United Properties Invests EUR1M In Retrofitting Of North Gate Pipera Project
One United Properties of Andrei Diaconescu and Victor Capitanu, two of the founders of boutique investment bank Capital Partners (currently BT Capital Partners), announced an investment of EUR1 (...)
May 20, 2019
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PM Dancila says modern technology needed, gov’t to provide support where needed
Prime Minister Viorica Dancila said on Monday on a visit to the IAR Ghimbav aeronautical company that in order to be able to talk about competitiveness and performance, modern technology is (...)
May 20, 2019
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#EuropeanParliamentElections2019/MAE: Over 4 mil. ballot papers have been sent abroad for both elections on Sunday
The Foreign Affairs Ministry (MAE) announced that it completed on Monday the shipping of the necessary materials for voting to the diplomatic missions and consular offices of Romania, in view of (...)
May 20, 2019
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Romania Raises RON500M Selling Apr 2026 Bonds at 4.72% Average Yield
Romania's finance ministry on Monday raised a planned 500 million lei (EUR105 million) selling bonds maturing in April 2026 at an average yield of 4.72%, central bank data (...)
May 20, 2019
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Military Prosecutor’s Office opens investigation on gendarmes’ crackdown on people protesting against PSD in Topoloveni
The Military Prosecutor's Office attached to the Bucharest Military Tribunal has taken note and has filed a criminal case in rem in connection with the gendarmes' crackdown on the (...)
May 20, 2019
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Paval Brothers Launch Private Equity Fund Equiliant Capital
Dragos and Adrian Paval, the owners of DIY retail chain Dedeman, are officially launching a new private equity fund, focused on investing in small and medium-sized (...)
May 20, 2019
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Marfin Bank Becomes Vista Bank Romania on May 21
Lender Marfin Bank, acquired by Greek group Vardinogiannis in 2018, will change its name to Vista Bank Romania as of May 21, the bank said in a statement (...)
May 20, 2019
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Mandatory Home Insurance Will Cover Storm Damage Risks
Mandatory home insurance coverage will be extended to include storm damage besides earthquake, landslide and flooding risks, Financial Supervision Authority vice-president Cristian Rosu said (...)
May 20, 2019
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Romanian Insurance Market Grows 7% in 1Q, to RON2.22B
Insurance companies operating in Romania had underwritings of RON2.72 billion in the first quarter of 2019, up 7% on the year, said Cristian Rosu, vice-president of the Financial Supervision (...)
May 20, 2019
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