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CTP expands its portfolio in Cluj-Napoca, investing EUR 15 M

CTPark Cluj I

CTP continues to take advantage of the potential offered by the Romanian market, this time deciding to invest EUR 15 million in the development of a new logistics park near Cluj-Napoca, a press release informs. CTPark Cluj II will be ...

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Wipro launches Automotive Center of Excellence in Romania, seeks to hire IT professionals

wipro romania

India’s Wipro, a leading global information technology, consulting and business process services company, announced the launch of an Automotive Center of Excellence (CoE) in Timisoara, Romania. According to a press release, this CoE will help Wipro deliver innovative embedded software ...

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One in five employers plans to increase the number of employees in Q4

angajati work

Romanian employers plan to increase the number of employees in the fourth quarter of 2017. About 20% of employers intend to increase the staff, 12% of employers plan to make cuts and 66% do not consider any change, a survey ...

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Energy Ministry forces Conpet, after Romgaz, to pay money to the state budget


Conpet is the second company after Romgaz which has announced that the Energy Ministry has asked it to pay money to the state budget as special dividends. Conpet informed investors on Monday that it would convene the Shareholders General Meeting ...

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Annual inflation rate down to 1.2pc in August


The annual inflation rate was of 1.2% in August, down by 0.22 percentage points against the previous month, the National Statistics Institute (INS) informs. In July the annual inflation rate was of 1.4%, up against 0.85% in the previous month. ...

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Romania is now Executive Council member of UNWTO


Romania joined the Executive Council of the United Nations World Tourism Organization (UNWTO), along with Lithuania, Greece, Russia and Azerbaijan, the Ministry of Tourism announced on Monday, a press release informs. Several countries have run for five positions in the ...

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Romanian employees believe they deserve wages by RON 1,000 higher, survey says


Romanian employees believe they are deserve wages by RON 1,000 higher than they currently earn, and want the average salary to start from a minimum of RON 2,844, according to a survey conducted by an online recruiting platform. The survey ...

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Factoring market in Romania reached EUR 2 bn in H1

factoring market

Romania’s factoring market increased by 12 percent in the first half of this year, compared to the same period in 2016, reaching EUR 2 billion, according to data collected by the Romanian Factoring Association (ARF), a press release informs. “Overall, ...

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Projects approved in the Start-up Nation program, sold on ad sites


Entrepreneurs who have not received funding for the projects submitted in this year’s Start-up Nation Romania session have the opportunity to buy a ready-approved project and the financing agreement signed. Those who got the funding are willing to sell their ...

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BVB, still the most dynamic in the region after Warsaw by number of IPOs


Bucharest Stock Exchange (BVB) has become one of the most dynamic markets in Central and Eastern Europe over the past four years, where initial public offers (IPOs) have been successfully concluded. According to the PwC’s IPO Watch Europe reports, BVB ...

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