Mircea Geoana stated on Tuesday evening that according to his analysis the government will be replaced “in a few weeks’ time,†at the start of the Parliamentary sitting, and the current Ponta Government will be replaced with a minority government enjoying Parliamentary backing. Mircea Geoana, the leader of the Romanian Social Party (PSRO), stated on […]
The giant Procter & Gamble recently started a production line in Romania, at the Urlați factory in Prahova County, according to Revistaprogresiv.ro. The company will produce Lenor scented pearls here, one of the company's latest innovations in fabric care. Four years ago, the company inaugurated...
The CFA Romania Association's Macroeconomic Confidence Indicator increased by 2.3 points in August, to a still very modest level of 37.2 points, with both components (current conditions and expectations) in the recessionary side of the 0-100 point scale. The indicator bottomed out in July after the newly formed government pushed the first package of budgetary […]
The first package of budgetary measures legislated in July will have an impact of 3% of GDP on the next year's general government's budget, bringing it down to 6% of GDP, prime minister's adviser Ionut Dumitru, Raiffeisen Bank chief economist and former Fiscal Council head, told
Amsterdam’s H’ART Museum has opened a major solo exhibition dedicated to the work of Romanian-born sculptor Constantin Brâncuși this past weekend. The landmark cultural event is realized with the support of the Romanian Cultural Institute (ICR) and in collaboration with Centre Pompidou in Paris. The exhibition, titled Brâncuși, The Birth of Modern Sculpture, runs from […]
Dedeman, Romania’s largest home improvement and construction retailer, announced on Monday, September 22, that it will expand into the Republic of Moldova, marking its first entry into the neighboring market. The company said its presence across the border will deepen economic links between the two countries and confirm Moldova’s growing attractiveness for major foreign investors. […]
Romania has collected EUR 5.7 million in insurance compensation after four cultural treasures, namely the famed Dacian Helmet of Coțofenești and three gold bracelets, were stolen earlier this year from the Drents Museum in the Netherlands, the Ministry of Culture
