Headlines

Fortuna new sponsors of Romania’s national football team

2017-03-22 03:34:00
Eastern European betting and lottery operator Fortuna Entertainment Group is looking to up its Romanian profile by sponsoring the country’s national football team. On Monday, Fortuna CEO Per Widerstrom announced that his company had become an official ...

Chem-Trend establishes Romania subsidiary

2017-03-22 03:01:00
Howell, Michigan – Speciality chemicals company Chem-Trend has acquired the release agent business of Rubio Trading & Consulting SRL, its long-time partner in Romania. As part of a planned growth strategy in eastern Europe, Chem-Trend Romania SRL has ...

Romania joins Brexit fight for medicines agency

2017-03-22 02:48:00
The government will discuss during its Wednesday meeting a memorandum for Romania’s candidacy as a potential location for the headquarters of the European Medicines Agency, which is currently based in London. The EMA will have to relocate from the ...

Dumitru: Regional discrepancies are very big in Romania

2017-03-22 02:18:00
Regional discrepancies are very big in Romania, with a ratio of 1 to 5 between the richest and the poorest county, the president of the Fiscal Council, Ionut Dumitru, declared at a press conference on Tuesday. “We had economic growth based on consumption.

CSAT approved Romania's goals for the NATO Summit in Brussels this May

2017-03-22 02:04:00
The Supreme Council for National Defence (CSAT) approved Romania's goals for the NATO Summit in Brussels this May, President Klaus Iohannis announced. "We approved Romania's goals for the NATO Summit that will take place in Brussels this spring, most ...

FEATURE-Roma fear there is no place for them as Romania's cities modernise

2017-03-22 01:55:00
"We worked our entire lives to fix our homes and now they throw us out like dogs. Actually, people don't even leave dogs out in this weather." By Claudia Ciobanu BUCHAREST, March 22 Thomson Reuters Foundation) - On a freezing night last month, Elena ...

Fiscal Council: Romania’s economic growth is not sustainable

2017-03-22 01:52:00
The Romanian economy is not on a sustainable growth path because the whole GDP increase of 4.8% from last year was driven by consumption, said Ionut Dumitru, president of the Fiscal Council. He also says that wages in Romania have been going up too quickly ...

Romania’s gas imports up by 271.5 pct in January, production up by 0.2 pct

2017-03-22 00:08:00
Romania imported 281,200 tones equivalent in oil (tep) in January, which is 271.5 percent more compared with the same period of 2016, according to the National Institute of Statistics (INS). The domestic gas production amounted to 742,000 tep in January ...

Analysis: How the ad marker contributes to Romania’s economic growth

2017-03-22 00:00:00
Romania’s GDP went up by 4.8 percent in 2016 versus 2015, according to the flash estimate published earlier this month by the National Institute of Statistics (INS). For this year, estimates of Romanian economic growth range from 3.7 percent (World Bank ...