Romania Insurance Market Grows 7.4% YoY To RON2.7B In 1Q/2019
Insurance companies operating in Romania underwrote gross premiums of RON2.71 billion in January-March 2019, up 7.4% from the year-earlier period, and the market is still dominated by general (...)
Jun 19, 2019
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AGERPRES director denies law violations related to agency submitting to Police pics of August 10 street protest
AGERPRES Managing Director Claudia Nicolae said on Wednesday at hearings before the Committee on Culture of the Chamber of Deputies that the law was not violated by the submission to the Police (...)
Jun 19, 2019
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AGERPRES head: Don’t think we’re yet in situation to lay off people,organisational chart can be rethought
The AGERPRES National News Agency is not yet in the situation of laying employees off, support is being sought for fully covering the wages until the end of the year, but the organisational chart (...)
Jun 19, 2019
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President urges gov’t to fast track bill on appropriate administrative measures for elections
President Klaus Iohannis on Wednesday urged the government to fast track a bill that could be adopted by Parliament by the end of the current parliamentary session and that could set forth (...)
Jun 19, 2019
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Pension bill to clear Chamber as gov’t says it has money to cover promised pension increases
The Pension bill will clear the Chamber of Deputies, and the absence of Social Democratic Party (main ruling PSD, ed. n.) senators from a plenary Senate session on Wednesday, where the bill was (...)
Jun 19, 2019
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Regina Maria Acquires Genetic Center, Present In Bucharest And Cluj
Regina Maria, the second largest player on the Romanian private medical services market, has acquired Genetic Center, which consists of two genetic testing laboratories in capital Bucharest and (...)
Jun 19, 2019
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Sphera Franchise Group Expands in Italy, Opens KFC Restaurant in Bolzano
Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco Bell brands, continues its expansion abroad and is opening a KFC restaurant in Bolzano, (...)
Jun 19, 2019
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83 Startups To Get Over EUR3M Funding Through Factory By Raiffeisen Bank Program
83 startups in Romania are to get funding of over EUR3 million through the factory by Raiffeisen Bank program, which was developed by the lender and has reached its second edition this (...)
Jun 19, 2019
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Synevo Opens 106th Blood Drawing Center in Romania in Covasna County
Synevo, the medical laboratory division of Swedish-held private medical service provider Medicover, continues its local expansion and opened a blood drawing center in Sfantu Gheorghe, Covasna (...)
Jun 19, 2019
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Egypt’s President welcomed at Cotroceni Palace with military honors
President Klaus Iohannis welcomed on Wednesday at the Cotroceni Presidential Palace his Egyptian counterpart Abdel Fattah El-Sisi, who is on an official visit to Romania.
Egypt's head of (...)
Jun 19, 2019
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5 to go Coffee Shop Chain Expands to Brico Depot Stores
Romanian coffee shop chain 5 to go continues its expansion plan and has opened its first unit within a DIY store within a partnership with Brico Depot Baneasa in (...)
Jun 19, 2019
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Dancila says PSD will field presidential candidate who polls show as favorite
The Social Democratic Party's presidential candidate will be decided after the party's congress, Premier Viorica Dancila announced on Tuesday, adding that the party is determined (...)
Jun 19, 2019
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IVF Operator FutureLife Acquires Gynera Clinic in Bucharest
FutureLife, an operator of fertility services, owned by Hartenberg Holding, has entered into an agreement to acquire a majority stake at Gynera Medical Center, a leading Romanian clinic operating (...)
Jun 19, 2019
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Inditex Group Sales in Romania Up Almost 10% to RON1.7B in 2018
Spain’s Inditex group ended 2018 with 1.7 billion lei (EUR370 million) sales in Romania, almost 10% higher than in 2017. All its eight fashion brands saw a rise in sales by 2% (Bershka) to 33% (...)
Jun 19, 2019
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Footwear Retailer Benvenuti Sees RON130.5M Sales in 2018
Footwear retailer Benvenuti posted 130.5 million lei (EUR28 milion) sales last year, up about 5% over the previous year, ZF has found from Finance Ministry (...)
Jun 18, 2019
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Adriean Videanu Plans to Build Mixed-Use Real Estate Project Near Marriott Hotel in Bucharest
At a time when real estate investments are in full bloom, Adriean Videanu, former economy minister in the Boc government and former Bucharest mayor, has applied for a zoning permit for a project (...)
Jun 18, 2019
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Austria’s XXXLutz Invests EUR5M In 12,000-Sqm Store In Oradea
Austrian furniture and home decor retailer XXXLutz, with annual sales of EUR4.65 billion, will be opening its second store in Romania, under the Mömax brand, in western city of Oradea, by the end (...)
Jun 18, 2019
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Banca Transilvania Renews Mandates Of Management Body Members
The Board of Directors of Banca Transilvania (TLV.RO), the largest lender in Romania by assets, on Tuesday renewed the mandates of the members of its management body, considering they were about (...)
Jun 18, 2019
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#Romania2019.eu/Minister-delegate Ciamba chairs the GAC meeting discussing negotiating box for Multiannual Financial Framework
Romania's Minister-delegate for European Affairs George Ciamba on Tuesday chaired the last General Affairs Council (GAC) meeting under the Romanian Presidency of the EU Council.
According (...)
Jun 18, 2019
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Parliament defeats no-confidence motion (official)
Parliament on Tuesday defeated a no-confidence motion called "The Dancila Government must be dismissed! No emergency ordinances, no passwords, no lines for voting."
The motion received (...)
Jun 18, 2019
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Romania's Social Democratic Government survives censure motion
Romanian MPs voted on Tuesday against a censure motion submitted by the opposition against the Social Democratic (PSD)-led government of Viorica Dancila. The bill, aimed mainly at keeping the PSD (...)
Jun 18, 2019
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Top former member of Romanian govt Valcov placed under judicial control
Romanian prosecutors have placed a top former aide of Romanian PM Viorica Dancila under judicial control for revealing secrets against the interest of national security. Darius Valcov, seen as (...)
Jun 18, 2019
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SIF Oltenia Head Buys RON420,000 Worth Of Fund’s Shares In A Single Trading Session
Tudor Ciurezu, the executive president of regional investment fund SIF Oltenia (SIF5.RO), has bought a package of 200,000 shares on Friday, June 14, 2019, at a price of RON2.099 per unit, (...)
Jun 18, 2019
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Censure motion/ PM Dancila to the Opposition: "Do you really want to come to governing?"
The text of the censure motion contains "mystification of truth" and doesn't have not even a constructive idea that can "bring the improvement of the current act of (...)
Jun 18, 2019
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In meeting with AG Barr, PM Dancila mentions her gov’t determination to strengthen relations with US
At a meeting on Tuesday with visiting US Attorney General William Barr, Romania's Prime Minister Viorica Dancila voiced the determination of her government to strengthen relations with (...)
Jun 18, 2019
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Iohannis-Barr meeting: Barr underscores Romania remaining ally respecting rule of law
President Klaus Iohannis on Tuesday welcomed to the Cotroceni Presidential Palace US Attorney General William Barr, with the latter underscoring the importance of Romania remaining a predictable, (...)
Jun 18, 2019
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Censure motion/ Parliament sitting has started
The plenary sitting of Parliament in which the censure motion called "The Dancila Government must be dismissed! No OUGs, no access passwords and no queues for voting" is to be debated (...)
Jun 18, 2019
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Romania Ranks 1st In EU By New Car Registrations In January-May 2019, With 20.3% Growth
Romania reported 57,538 new car registrations in January-May 2019, seeing the biggest growth in the European Union, of 20.3%, compared with the same period in 2018, according to data released (...)
Jun 18, 2019
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Unirea Shopping Center Switches to RON23M Profit in 2018
Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, posted a profit of RON23.2 million in 2018, compared with a loss of RON34.8 million in 2017, after (...)
Jun 18, 2019
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Futureal: After Residential Investments in Romania, We’ll Add Office Space and Retail
Whenever it enters a new market, Hungary’s Futureal group starts with the residential division – Cordia and then the main company, which develops shopping centers and office buildings. The same (...)
Jun 18, 2019
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