Romania is the most competitive country in the region in terms of labour costs relative to productivity, according to an Erste Group report quoted by Cursdeguvernare.ro. Although...
Inspectors at Romania’s Consumer Protection Agency, or ANPC, closed nine economic operators inside the Sun Plaza shopping mall in Bucharest on Thursday, February 20, due to multiple irregularities. The inspection is part of a wider operation targeting malls in the capital city.
Some of the problems highlighted by ANPC include the presence of cockroaches, food products with altered storage conditions, baking trays with massive deposits of burnt food residues, the use of unprofessional...
Romania is the most competitive country in the region in terms of labour costs relative to productivity, according to an Erste Group report quoted by Cursdeguvernare.ro. Although...
Romanian president Nicușor Dan announced on July 18 that he will return recent amendments to the country’s law against extremist organisations to Parliament, despite the Constitutional Court rejecting his objections. The announcement was made during a press conference at the Romanian Embassy in Berlin. The contested legislation, commonly referred to as the Vexler Law, amends […]
Corratec, the Romanian production division of the German bicycle group, has signed a production contract with the Austrian brand woom, with bicycles to be primarily delivered to the European and international markets, according to Ziarul Financiar. Production will begin in November 2025. "This partnership...
EEAF Financial Services BV, the majority shareholder of Patria Bank (BVB: BPK), is evaluating strategic options for its 84.05% stake in the Romanian credit institution, including a potential full or partial sale, the bank announced on July 18. The move marks a potential ownership change at one of Romania's listed banks, although no firm decision […]
The new multiannual financial framework (MFF) 2028-2034 envisages a total of EUR 54.6 billion for Romania under the cohesion policies and common agriculture policy (general allocation) – 17% more compared to the previous 2021-2027 MFF, but at the cost of stricter disbursement criteria, according to the 2028-2034 MFF draft published by
The construction works volume in April-May increased by 0.8% y/y, according to data published by the statistics office INS. The sector’s modest performance comes after the 10.6% y/y surge in Q1 that was, however, driven by low base effects, therefore not entirely relevant. In fact, the average seasonally and workday adjusted construction works index in […]