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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Press Review - December 12, 2018
Dec 12, 2018
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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