Home / Author Archives: Anca Bernovici

Author Archives: Anca Bernovici

Fitch upgrades Banca Transilvania’s rating, affirms three other Romanian banks

Fitch Ratings said it has upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BT) to ‘BB+’ from ‘BB’, a press release informs. The IDRs of BT are driven by its standalone creditworthiness, as expressed by its VR. The ...

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Kaufland Romania’s turnover exceeds the RON 10 bn threshold

German-based Kaufland is the third strongest company in the Romanian economy, with a turnover of RON 10.09 billion, steadily growing from year to year, and remains the leader of the domestic retail market, as a press release informs. The company ...

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Romanian managers forecast price hikes, the employees number could increase by July

Managers  from  the  manufacturing  industry forecast a moderate growth of the production volume (balance +14 percent) for the next three months, according to the business tendency survey of May  2018, carried out by National Institute of Statistics (INS). For the ...

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What do Romanians buy online and how much money do they spend?

More than half of Romanians who have access to the Internet, almost 6 million users, bought online at least once a month in the last year, up 9 percent over the same period in 2016-2017, a study by GPeC and ...

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Romania to get Cohesion Funds worth EUR 27 bn in 2021-2027

Romania will receive EUR 27,203 billion of cohesion policy funding in the European budget project 2021-2027, according to proposals published on Tuesday by the European Commission, a press release informs. For the next long-term EU budget 2021-2027, the Commission proposes ...

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Romanians, the most conscientious Europeans when it comes to paying arrears

Only 0.9 percent of Romanians had in 2016 arrears for mortgage or rental payments, this being the lowest percentage registered by a member country of the European Union, according to Eurostat. Other EU Member States where the percentage of the ...

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UBS: Bucharest, world’s 67th most expensive city

Romanian capital is the world’s 67th most expensive city, UBS’s 2018 “Cost of living in cities around the world” survey on Tuesday reveals, which published a research on prices and earnings of 77 international cities and how they fare against ...

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Eurostat: A fifth of Romania’s workforce lives in other EU member states

In 2017, Romanian nationals of working age (20-64) residing abroad within the EU accounted for about a fifth (19.7 percent) of their co-nationals residing in Romania, Eurostat, the statistical office of the European Union, shows. This places Romania first in ...

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Miele chose Timisoara to open its fourth showroom in Romania

Germany’s Miele, leading manufacturer of premium household appliances worldwide, opens its newest showroom in Romania, a press release informs. Miele Point covers an area of 170 square meters, the total investment amounting to EUR 150,000. The space keeps the uniqueness ...

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Bucharest residents, among the most dissatisfied Europeans with public spaces

Only half (56 percent) of the Bucharest residents are satisfied with the public spaces (markets, squares and pedestrian areas) in their city, Eurostat, the statistical office of the European Union, shows. Europeans most dissatisfied with the public spaces in their ...

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