July 23, 2018

IMF agreement to be successfully concluded

The International Monetary Fund (IMF) Board yesterday discussed the letter of intention and practically acknowledged the successful conclusion of the agreement it had had with Romania. All outstanding … [Read more...]

Nuclearelectrica more profitable after market deregulation

Nuclearelectrica is the producer that the deregulation of the electricity market puts at most advantage, which will significantly increase the nuclear power producer's profitability, according to company … [Read more...]

Xerox to hire 440 people by year-end

Xerox will be expanding its business process outsourcing operations in Romania to answer demand from its European clients. The company has announced it will be employing 440 people by the end of the year … [Read more...]

Romanian processed meat market at EUR 800 mln

According to representatives of local meat producer Meda, Romanians buy on average 200-300 grams of processed meat products three times per week taking the market to about EUR 800 million. Consumption … [Read more...]

Installed wind energy capacity in Romania increased 94% last year

Last year there was a 94 % increase in installed wind energy capacity in Romania. According to TPA Horwath and Schoenherr şi Asociaţii’s Wind Energy and Other Renewable Energy Sources in Romania report, … [Read more...]

Romania among the countries most vulnerable to slowing investment

The Institute of International Finance (IIF) said that Turkey, Romania, Poland and Morocco are among the countries most vulnerable to slowing investment in developing nations because of their dependence … [Read more...]

Romanians work most hours per week, among EU employees

The report the European Foundation for the Improvement of Living and Working Conditions (Eurofound) reads that last year, full time Romanian employees had the longest working week (averagely 41.2 hours), … [Read more...]

17th Garana Jazz Festival

The Jazz Banat Cultural Foundation, Timisoara, is organizing between July 11 and 14 the 17th Garana International Jazz Festival. The outdoor festival will be held on the outskirts of the namesake location … [Read more...]

EC unlocks payments for Operational Programme ‘Transport’

On Monday, the European Commission (EC) unblocked payments under Operational Programme ‘Transport’ – priority axes 1 and 2, which had been pre-suspended since October last year. The Commission says … [Read more...]

Mugur Isarescu, BNR: Banks’ profitability improved last five months

BNR Governor Mugur Isarescu said at a meeting with Romanian Banks Association (ARB) bankers that inflation has followed an uneven descending trend, most volatility coming from non-core components. “We … [Read more...]

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