The Macroeconomic Confidence Indicator compiled by the CFA Society Romania based on a survey among its members increased in December close to the year's highest level – driven by both current conditions and anticipations sub-indices.
The Society's vice-president, Adrian Codirlasu, attempted to explain the analysts' sentiment that improved despite the broadly criticised fiscal package and expectations for further tax hikes.
"This year [2024], the economy will...
Eviden, part of the Atos Group, announced the opening of a cloud and cybersecurity center in Timișoara, in western Romania. The CloudSecOps Centre in Romania performs advanced security operations for cloud services in compliance with EU regulations, the company explained. The project involves close collaboration between Eviden's OneCloud and Big Data & Security business lines […]
The hospitality industry is constantly changing, being influenced by technological developments and consumer preferences. Despite all these transformations, the quality of the services and facilities offered to customers remain fundamental aspects for the overall success in the field. In 2024, the strategies of specialists must be focused on personalizing the customer experience and on sustainability. […]
The average pension in Romania increased by 5.4% compared to a 2-3 average, reaching RON2,248 (€452) in April this year, according to the National Public Pension House (CNPP). The number of recipients was 4.75mn (4.98mn in 2023), of which 3.81mn reached the retirement age and completed the full required period of contribution to the public […]
The ILO seasonally-adjusted unemployment rate decreased to 5.3% in March, from 5.6% in February and 5.7% in January, Romania’s statistics office INS announced. Compared to a year ago, in March 2023 (5.5%), the unemployment rate was 0.2 percentage points (pp) lower. The unemployment rate was higher among men...
Romanian telecom group DIGI Communications (BVB: DIGI), with a market capitalization of RON 5.76bn (EUR 1.16bn), announced that the company’s management proposes to distribute RON120mn (EUR 24mn) as dividends for the fiscal year 2023, the equivalent of a gross yield of nearly 2.1%. The company’s price soared by 58% y/y compared to the 41% y/y […]
Romania’s competition body Consiliul Concurentei cleared the transaction by which Intesa Sanpaolo SpA intends to take over the Romanian bank First Bank from the US fund J.C. Flowers, according to a press release from the authority. Intesa Group is active in Romania through its subsidiary, Banca Comercială Intesa Sanpaolo Romania. Upon the takeover, Intesa will […]
