November 23, 2017

BCR private banking assets increased by 32 % year-on-year

In 2011, BCR’s private banking arm reached 2000 clients, registering an increase of 29 % year-on-year. Meanwhile, the assets managed by Erste Private Banking gained 32 % year-on-year, to EUR 941 million. … [Read more...]

Romanian farmland doubled in price in the last four years – DTZ Echinox

A DTZ Echinox report reveals that the price of Romanian farmland will remain on an upward trend and it should reach an average of EUR 3,000 per hectare in three years time. At the moment, local farmland … [Read more...]

Romania sets up team to handle Danube ice clearing strategy

A crisis team made up of specialists from several institutions met on Tuesday to work out a strategy for taking action to clear the Danube River of ice. According to the Ministry of Administration and … [Read more...]

Lebanese President thanks Basescu for supporting Lebanon’s stability, sovereignty and independence

On Tuesday, Michel Sleiman, President of the Republic of Lebanon thanked Romanian Head of State Traian Basescu for Romania's position in support of Lebanon's stability. The two also agreed on the necessity … [Read more...]

Lustration law, passed – former communist officials/ activists banned from public office for five years

On Tuesday, the Chamber of Deputies passed the lustration law, which imposes five-year rights restrictions on former officials during communism. The draft law was passed by the chamber with 167 votes in … [Read more...]

Temps, growing more and more on the Romanian labor market

Estimations made by the financial management company Accace, over 55,000 people were hired on temporary jobs last year, 10% more than in 2010. The number of temporary employees is on a growing trend this … [Read more...]

Natural gas imported through Arad-Szeged, cheaper than Russian gas – GDF Suez Energy

The natural gas imported by GDF Suez Energy Romania, subsidiary of French group GDF SUEZ, through the Arad-Szeged (Hungary) pipeline is cheaper than Russian gas, said yesterday during a seminar, the CEO … [Read more...]

EU Fiscal Stability Treaty to be signed

Yesterday, the Cabinet gave the green light to the signing of the EU Fiscal Stability Treaty. The document sets new regulations concerning budgetary discipline, limiting deficit and public debt and will … [Read more...]

Amos Oz: Books, history and the present conference @ Athenaeum

People who participated in the Amos Oz conference at the Romanian Athenaeum included, alongside the Israeli ambassador in Bucharest, Dan Ben Elizer , the chairman of the Federation of Jewish Communities … [Read more...]

Romanian pharmaceutical industry sees positive prognosis

Last year, Romania’s pharmaceuticals market remained resilient growing by 12.4 % to EUR 2.55 billion. The growth trend will continue this year as well, as experts predict, seeing the country has a yearly … [Read more...]

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