Vienna Insurance Group (VIG) expects all-around positive results based on the preliminary figures for 2016. “We have achieved all our major targets for 2016. This sends a clear signal of the stability we feel is important to be a reliable partner in times of dynamic change,” emphasized Elisabeth Stadler, CEO of Vienna Insurance Group, at […]
Several sites in Romania have been added to the country's tentative list for UNESCO World Heritage, culture minister Raluca Turcan announced. The list includes the Peleș and Pelișor castles in Sinaia, former communist prisons, the Three Holy Hierarchs church in Iaşi and the Assumption of Virgin Mary cathedral at Curtea de Argeş, and the Movile […]
Romania's president Klaus Iohannis and prime minister Marcel Ciolacu reacted to the attack on Slovakia's PM Robert Fico, who was shot several times on Wednesday, May 15. The Romanian officials condemned the incident and said they were shocked by the news. "Appalled to learn about the shooting of the Slovak prime minister Robert Fico. I […]
Bibiana Stanciulov, the owner of the company that produces Magiunul de Topoloveni (a registered traditional plum jam), one of the most famous Romanian food brands, sued Metro retailer for refusing to accept paying a higher price and eventually delisting her products, according to
Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. ...
The average net wage in Romania increased by 14.1% y/y to RON 4,973 (EUR 1,000) in Q1, after the earnings in March surprisingly exceeded those in December – seasonally boosted by yearend bonuses, according to data published by the statistics office INS. The higher net wages in March were in the tobacco processing industry (RON […]
Romania's seasonally (and workday) adjusted GDP rose by 0.5% q/q in Q1, reversing the 0.6% q/q decline in Q4 and bringing the index close to the level in Q3 last year – according to flash estimates published by the statistics office INS. The flash q/q estimate is roughly half of the expectations expressed...
