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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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