November 25, 2017

INS: ILO unemployment rate at 6.9 % in Q2

The National Statistics Institute (INS) informs that the unemployment rate, meeting the International Labour Office (ILO) standards, stood at 6.9 % in the Q2 of the year, less than that of the previous … [Read more...]

Loans to companies and population went down in August

According to data released by the National Bank of Romania (BNR) yesterday, the volume of non-government crediting declined in August by 1.6 % against July, to RON 227.932 bln, driven by the reduction … [Read more...]

S&P: New recession hitting euro zone

Standard & Poor’s Rating Services on Tuesday pared down its economic forecast for the euro zone in 2012 and 2013 in response to indicators that “paint a bleak picture” for the region, according … [Read more...]

The 3rd annual Eastern European FIRST Tech Challenge robotics competition

The Kick-Off for the 3rd annual Eastern European FIRST Tech Challenge robotics competition will be held at the American International School of Bucharest on Saturday, September 29th at 11:00. The new field … [Read more...]

Jose Reino da Costa the new CEO of Millennium Bank Romania

The National Bank of Romania approved Jose Reino da Costa as the new CEO of Millennium Bank Romania. He was appointed by the board of directors at Millennium Bank Romania to replace Jose Toscano, who concluded … [Read more...]

First Puma Mk2 helicopter by Eurocopter Romania for the UK Royal Air Force

The Romanian subsidiary of Eurocopter has handed over the first upgraded Puma Mk2 to the UK Ministry of Defense. This is part of a larger program that will see a total of 20 helicopters modernized by the … [Read more...]

DB Schenker leases second unit in Bucharest

DB Schenker, the transport and logistics operator has leased a second unit of 5,200 sqm in Phoenix Logistics Center and with this new lease the company is currently occupying 10,400 sqm. Jones Lang LaSalle … [Read more...]

VAT will be paid when bills get cashed

The Senate unanimously passed the Governmental Ordinance which said that Value Added Tax (VAT) will be paid when bills get cashed. This step plans to support the Small and Medium Size Companies (SMEs) … [Read more...]

Romania’s tourism brand promotion to be changed

Tourism Ministry decided the change the way of promotion of the tourism national brand, by focusing in promotion based on travel industry services. According to a press release, one of the first changes … [Read more...]

Telecom operators to pay over EUR 680 M for licenses

According to a report by Mediafax, telecommunication companies Cosmote, Orange, RCS&RDS, Vodafone and 2K Telecom will pay EUR 682.14 M for telecom licenses in the frequencies of 800, 900, 1,800 and … [Read more...]

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