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Meteorologists continue to issue Code Orange advisories of torrential rain,storms,hail;localities of nine counties under the warning
The meteorologists continue to issue Code Orange advisories of torrential rain showers, storms and hail, with the last six warnings valid within the next hour for the localities of the following (...)
Jun 16, 2019
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ForMin Melescanu to attend FAC meeting on Monday; meeting agenda includes situation in the Republic of Moldova
Foreign Affairs Minister Teodor Melescanu will participate on Monday, 17 June, in the meeting of the Foreign Affairs Council (FAC) in Luxembourg, whose agenda also includes the situation in the (...)
Jun 16, 2019
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Code Yellow of torrential rain, storms, hail in 32 counties, until 22:00hrs;heat discomfort in western, southern regions
The National Meteorological Administration (ANM) issued on Sunday a Code Yellow warning for torrential rain showers, storms and hail valid throughout this day in 32 counties, as well as an (...)
Jun 16, 2019
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PM Dancila sends congratulation, support message for Moldovan PM Sandu and invites her to Bucharest
Prime Minister Viorica Dancila conveyed to Prime Minister of the Republic of Molodva Maia Sandu a congratulation message, on behalf of Romania's Government, for taking over the Prime (...)
Jun 16, 2019
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Commissioner Corina Cretu: About 111 bn euro worth of allocations to EU urban areas between 2014 - 2020
Allocations to EU urban areas between 2014 and 2020 amount to approximately 111 billion euro, Commissioner for Regional Policy Corina Cretu on Friday told a press conference delivered jointly (...)
Jun 14, 2019
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Bucharest Main Train Station To Be Modernized Ahead of EURO 2020
The main train station in capital Bucharest will be modernized ahead of the 2020 European football championship with more ample works to follow, transport minister Razvan Cuc said (...)
Jun 14, 2019
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Continental Expands Iasi Offices in EUR27M Investment
German-held Continental has started works to expand its office building in Iasi, northeastern Romania, in a EUR27 million investment.
Jun 14, 2019
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Survey: Romania Among Top Ten Ice Cream Producers In EU
More than 200 ice cream manufacturers on the Romanian market place Romania, according to Eurostat data, on the tenth spot among ice cream producers in the European Union, with 47.8 million (...)
Jun 14, 2019
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EC: Romania Ranks Last In EU Regarding Research And Innovation Spending
European Commission official Aurora Mordonu on Friday said Romania ranks last in the European Union regarding expenses in the field of research and innovation, adding Romania did not even achieve (...)
Jun 14, 2019
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Les: Black Sea security entails serious concerns, Russia - biggest concern
The security in the Black Sea region entails serious concerns, Russia being the biggest concern, Defense Minister Gabriel Les on Friday told the international conference Black Sea and Balkans (...)
Jun 14, 2019
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BNR chief economist says financial companies, banks make up 60pct of stock market capitalisation in Romania
Financial companies and banks make over 60pct of the stock market capitalisation in Romania, chief economist at the National Bank of Romania (BNR) Valentin Lazea told an event on Friday dedicated (...)
Jun 14, 2019
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Romanian presidential adviser to visit Moldova amidst tense political developments there
Bogdan Aurescu, adviser on foreign affairs to Romania's President Klaus Iohannis, will pay a working visit to Chisinau, the Republic of Moldova, on Friday, amidst the recent political (...)
Jun 14, 2019
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Five-Star Hilton Sibiu Posts RON10M Profit and RON19M Revenue in 2018
Hilton Sibiu hotel posted almost 19 milion lei (EUR4 million) revenue and more than 50% profit margin last year, ZF has calculated from publicly available (...)
Jun 14, 2019
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Private Equity Firm White Star and US University About to Buy Liberty Office Complex in Cluj
Fribourg Development, the real estate division of private equity firm Fribourg Capital, held by Ion Sturza, former prime minister of the Republic of Moldova, is about to sign the contract to sell (...)
Jun 14, 2019
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ForMin Melescanu says NATO, EU play significant part in ensuring Black Sea, Balkans security
Romania's Foreign Minister Teodor Melescanu said on Thursday that both the North Atlantic Alliance (NATO) and the European Union (EU) play a significant part in ensuring security in the (...)
Jun 14, 2019
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Medical Inflation Seen Dropping to 10% in Romania
The Romanian market will register a drop in medical inflation from 15% in 2018 to 10% this year, although the cost of medical services is on the rise (...)
Jun 13, 2019
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Iohannis: PSD refuses to sign National Political Agreement, but list remains open
President Klaus Iohannis said on Thursday that the Social Democratic Party (PSD, major at rule, ed.n.) by its answers in the media, refused to sign the National Political Agreement to strengthen (...)
Jun 13, 2019
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Viorica Dancila: I am determined to run for PSD helm at 29 June Congress
The Social Democratic Party (PSD, major at rule, ed.n.)'s acting chairperson Viorica Dancila, announced on Thursday in Parliament that she decided to run for the party's helm, at (...)
Jun 13, 2019
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Iulius Town, Biggest Retail Project in Western Romania, Opens End-August
Iulius Town, a EUR220 million real estate project developed by Iulius and Attenbury Europe, will be inaugurated on August 30, Iulius Group said in a statement (...)
Jun 13, 2019
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Romania Raises Over RON1B Selling 12-Year and 2-Year Bonds
Romania's finance ministry on Thursday raised a total 1.013 billion lei (EUR214.5 million) in two separate tenders, selling bonds maturing in September 2031 and in June 2021, central bank data (...)
Jun 13, 2019
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UDMR’s Antal Arpad: In a normal country there is no such thing as special pensions
Sfantu Gheorghe mayor Antal Arpad from the Hungarian Democratic Union of Romania (UDMR) said on Thursday that he is no supporter of special pensions and that in his view, the contribution to the (...)
Jun 13, 2019
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GfK: Brick-and-Mortar Retail in Romania, Lithuania to See Highest Growth in EU in 2019
Romania (+7%) and Lithuania (+5.9%) are expected to have the highest growth rates in 2019 for brick-and-mortar retail in the 27 EU nations (excluding the UK) even though purchasing power remains (...)
Jun 13, 2019
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Catinvest Invests EUR3M In Expanding TOM Shopping Mall In Constanta By 3,500 Sqm
French real estate group Catinvest has invested EUR3 million in expanding by 3,500 square meters the surface area of TOM shopping center in Constanta (south-eastern Romania), which marks the (...)
Jun 13, 2019
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ForMin Melescanu says new technologies cannot replace career diplomats
New technologies cannot replace the career diplomat's work, regardless of their ability to analyse, Foreign Minister Teodor Melescanu told the opening on Thursday of the European (...)
Jun 13, 2019
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Romania Current Account Deficit Widens to EUR2.3B in Jan-Apr
Romania's current account balance posted a deficit of EUR2.306 billion in January-April, compared with a deficit of EUR1.665 billion in the same period of 2018, central bank data showed (...)
Jun 13, 2019
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BT Analyst: Romania Annual Inflation Rate, Under HICP, May Fall To 3.8% In 2019 Vs 4.1% In 2018
The annual inflation rate, under the harmonised index of consumer prices (HICP), is expected to fall to 3.8% in 2019, from 4.1% in 2018, and to decline even further in 2020, down to 3%, according (...)
Jun 13, 2019
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CommMin Petrescu: Romania matters,it’s a factor of influence, because it sets out the pace of Digital Agenda
In Romania, governance can only be based on technology and, currently, we are a factor of influence because we set out the pace on the Digital Agenda, Communication and Information Society (...)
Jun 13, 2019
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Purcari Wineries Starts Share Buyback Program
Winemaker Purcari Wineries (WINE.RO) on Thursday started a share buyback program, at a maximum price of RON30 per share and a minimum price of RON5 per share, a measure aimed at remunerating the (...)
Jun 13, 2019
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Minister of Culture Breaz: We’ll rediscuss rental agreement of Peles Castle; Romanian state’s offer - to buy it
Minister of Culture and National Identity Valer-Daniel Breaz on Thursday has stated that the institution he leads will discuss with the Royal House about the extension of the Peles Castle rental (...)
Jun 13, 2019
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Romania’s Home Appliances and Component Production up 10% to EUR1.2B in 2018
The seven large home appliances and component plants o Romania saw double-digit growth in revenue in 2018 and hired 1,000 employees, ending the year with 5.6 billion lei (EU1.2 billion) revenue (...)
Jun 13, 2019
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Romanian Households Remain Net Creditor of Banking System in Q1, 2019
Romanians remained net creditors of the banking system (in lei and foreign currency) in the first quarter of 2019, and the upward trend continues, as the total lending went up moderately and (...)
Jun 13, 2019
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Phone and Tablet Wholesaler Gersim: We Chose to Be Cautious In 2018
Gersim Impex, the largest wholesaler of mobile phones and tablets in Romania, posted 713.1 million lei (EUR153.2 million) sales in 2018, down 11% over 2017, according to Finance Ministry (...)
Jun 13, 2019
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Ambassador Kuzmin: Russia is interested in Moldova being stable
Russian Ambassador in Bucharest Valery Kuzmin said Wednesday that his country agrees and supports the formation of a ruling coalition in Moldova, pointing out that Russia's interest is in (...)
Jun 13, 2019
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