Alro S.A., the biggest aluminium producer from continental Europe (excluding Russia and the Scandinavian Peninsula), registered a net loss of RON 24 million, in 2015, compared to RON 108.6 million, in 2014. The adjusted net profit was of RON 45 million, in 2015, compared to an adjusted net loss of RON 134 million, in 2014. […]
The demand for skilled and unskilled workers is 10%-20% lower than it was last year, the experts are less inclined to change their jobs, and the contraction in the IT market already visible in the UK and western Europe is reaching Romania to some extent, according to Alexandra Peligrad, CEO of Smartree human resources company. […]
Sorina Pintea, former Social Democrat (PSD) member of the Parliament (2016-2017) and later minister of health (2018-2019), was sentenced to 3 years and six months of jail with execution for bribe-taking by a ruling given by Cluj Court on April 26. The decision is not final and can be appealed,
The Romanian branch of the Austrian major integrator of IT&C solutions Kontron (formerly S&T), Kontron Services Romania, has planned to trigger a collective dismissal process, as a result of which 84 employees out of a total of 258 people will lose their jobs starting on June 13, according to
The Macroeconomic Confidence Indicator compiled by the CFA Romania Society decreased in March by 1.4 points, to 59.4 points on a 0-100 scale, with the 50-point benchmark indicating a balanced state of economy and expectations (or a balanced combination). "Although, in the short term, due to the influx of public money, the confidence in the […]
Romania’s financial intermediation is the lowest in the European Union, but the banks’ financial soundness and profitability are above respective averages; therefore, the banks can boost corporate lending, argued Florin Georgescu, first vice-governor of the National Bank of Romania (BNR). He explained that the banks can manage potential adverse external developments and have enough capital […]
Romania’s government announced that the public deficit increased by 58% y/y to RON 35.9 billion (EUR 7.2 billion/USD 7.7 billion) in Q1, the equivalent of 2.06% of the GDP projected for the whole year. The gap was only 1.42% of GDP in the same period last year. The government seeks to bring the public deficit […]
