Romanians managed to set a new Guinness World Record, after on Wednesday, 31 October, on International Day of Savings, a total of 13,230 people from 25 cities in the country participated in the biggest financial education lesson, announced the initiator of this action, Romanian Commercial Bank / Banca Comerciala Romana (BCR), in a press release issued on Thursday. The record was approved on Thursday morning by Guinness World Records. In order for the record to be validated, it was necessary for at least 5,624 people to participate simultaneously, this being the number of participants registered in 2013 at a similar initiative, in the USA. “The record belongs to the Romanians and to Romania, the success is ours, of all those who trust that the path to prosperity goes through education, the path to financial independence goes through education. The record belongs to the people who entered classrooms and to those who wanted but did not make it. The record belongs to my colleagues who demonstrate also on this occasion that banking firstly means people and communities around a joint mission. We are proud to have contributed by exemplary mobilization of my colleagues in the bank to organizing an event of this magnitude across the country. Romania needs trust, and this trust is born out of achievements, comes when we demonstrate that we can mobilize together for an important cause for the future of each of us. Our responsibility is to make resources available, especially educational ones, in order to contribute to creating prosperity in Romania,” said Sergiu Manea, the CEO of BCR.
Tunnelling machines completed the first tunnel segment between the future Tokyo and Băneasa Airport subway stations on Tuesday, August 19. The segment is part of the line connecting central Bucharest to its main airports - Băneasa and further on to Otopeni - in the north of the city. Romanian transport minister Ciprian Șerban, who visited the […]
RetuRO, the operator of Romania’s Deposit-Return System - SGR, has launched a pilot project in two of the capital’s parks that lets people leave their bottles, PET containers, and cans in special compartments attached to public trash bins so others can collect them and reclaim the deposit. The initiative, now in place in Kiseleff and […]
UniCredit announced that it finalized the merger of its Romanian subsidiary with Alpha Bank Romania, creating one of the largest financial institutions in the country and marking a new milestone in the group's growth strategy. The newly combined bank has 11% market share in assets, 13% in loans (UniCredit Consumer...
Romania's largest ruling party, the Social Democratic Party (PSD), broadly agrees with the reforms proposed by prime minister Ilie Bolojan (Liberal Party PNL), although there are some details still to be tackled, PSD interim president Sorin Grindeanu said after the party leadership's weekly meeting of August 18,
Romanian retail chain Annabella, developed by local entrepreneurs, took over 82 Profi stores and 5 Mega Image stores in a deal aimed at facilitating the expansion of the Mega Image retail chain that took over Profi from MidEuropa Partners for EUR 1.3 billion, Profit.ro...
The new tax on shifted profit proposed by the government is significantly impacting the attractiveness of Romania as a destination for foreign investments, and it is far more restrictive than the similar regulation in Poland, mentioned by the authorities as a source of inspiration, according to a report drafted by PwC. The consultancy firm salutes […]
