Utility charges, banking loans and mortgage loan instalments are the main reasons why Romanians get riddled with debt, according to market research conducted by TNS CSOP, commissioned by the KRUK International S.R.L., according to a media release. Nearly 66 pc of Romanians blame high utility charges for their piling debt. A proportion of 15 pc [...]
Brasov County Council announced on April 15 that the Fly Lili airline will fly from June 15 to Munich, Nuremberg, Stuttgart, Rome, Thessaloniki, and Istanbul from Brasov Airport in central Romania. Other routes will be launched in July and later at the end of the year. From July, flights to and from Milan and Barcelona […]
After prolonged negotiations on April 15, the ruling Social Democratic Party (PSD) and Liberal Party (PNL) dropped the idea of changing their strategy for the mayoral elections in Bucharest but deferred for a week the appointment of their joint candidate Catalin Cirstoiu,
Farmers from several counties in Romania participated in spontaneous protests, claiming that using anti-hail missiles is rather damaging to their crops because of the drought they cause. In the northeastern part of the country, the members of the Granarii association in Iasi participated in the protest and went to the places where the anti-hail missiles […]
Premier Energy, one of the biggest suppliers and distributors of natural gas in Romania, announced it completed the acquisition of electricity supply firm CEZ Vanzare from Macquarie Asset Management. The deal is estimated by Profit.ro at around EUR 15 million. It...
Romanian producer of concrete pavement systems Elis Pavaje announced that it is investing EUR 13 million to expand one of its five factories amid the growing demand for construction materials. The company will finance the investment from bank loans and own resources (reinvested profits). The factory is located in Stoenești, near Ploiești, and is the […]
Romania's energy market watchdog ANRE concluded that three local energy traders breached the integrity and transparency of the wholesale energy market and fined them with a total sum of RON 18 million (EUR 3.6 million) for market manipulation – specifically for pre-arranged cross sales (wash sales). The three companies were investigated as a result of […]
