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Monthly Archives: January 2019

Over 90% of the companies in Romania say we are not ready to cope with financial crisis. Investment plans of 57% companies affected by latest fiscal uncertainty

The fiscal and legislative uncertainties of the past year have affected the investment plans of 57% of the companies based in Romania, according to a EY Romania barometer. 92% of the respondents think that Romania would be “totally unprepared” or ...

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Romania ranks 5th on value of transactions in the region

The most recent CMS survey, Emerging Europe Mergers and Acquisitions 2018, completed in collaboration with EMIS, shows that the UK has been the largest foreign investor in emerging Europe in terms of value with EUR 9.77 billion, whereas the US ...

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Dent Estet opens two new clinics in Sibiu following EUR 2 M investment

Dental group Dent Estet has recently opened two clinics in Sibiu, one for adults and one for children, reaching ten dental units overall. The investment value in the two clinics mounts to almost EUR 2 million, the highest investment in ...

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National currency continues appreciation, EUR falls to 4.7348 units

The National Bank of Romania (BNR) has announced on Thursday a reference exchange rate of RON 4.7348 for one EUR, as the European single currency dropped by 0.44% against the level on Wednesday. In January, the national currency reached 11 ...

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Bucharest deputy mayor Bădulescu, district 6 mayor Mutu got into a fight

Bucharest deputy mayor Aurelian Bădulescu has got into a fight with his party fellow, district 6 mayor Gabriel Mutu in the PSD’s office of the Bucharest City Hall on Thursday, amid the conflict the deputy mayor embarked on with his ...

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Update: Bucharest Court of Appeals rejects President’s decree on extending the Chief of Staff’s term. Laurian Anastasof to take over as interim deputy

The Bucharest Court of Appeals has admitted the referral filed by the Defence Ministry to suspend the decree signed by President Klaus Iohannis extending the term of the Chief of Staff, General Nicolae Ciuca (photo). The ruling reads that the ...

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A quarter of Romanians believe in quacks and shamans, survey says

Increasingly stressed, the Romanians are looking for escape into whatever seems out of routine. They are more open to adventure, but at the same time they are also attracted to spiritual life. At least that’s what a survey reads, analyzing ...

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CSAT, SRI, notified over chlorinated tap water in Bucharest

Bucharest general mayor, Gabriela Firea, has announced today she sent a notification to the CSAT and to the Romanian Intelligence Service (SRI) over the issue of the chlorinated water in Bucharest, referred in Bucharest on Wednesday. “I sent a letter ...

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Update: Competition Council fines almost EUR 19m Auchan, Cora, Carrefour and suppliers. One of the companies rejects charges

Three hypermarket chains and 4 suppliers were fined by the Competition Council (CC) RON 87,713,336 (approx. EUR 18.8 million) for violating the regulations concerning prices. “The sanctions were enforced within the investigation concerning price rigging by Auchan, Cora and Carrefour ...

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