// Romanian PM Ponta attended the inauguration ceremony. A railway tunnel underneath the Bosphorus Strait was opened yesterday in Turkey, creating a new link between the Asian and European shores of Istanbul, the BBC reports. The tunnel is the world’s first connecting two continents, and is designed to withstand earthquakes. It was opened on the [...]
The subway operated in Romania's capital city, Bucharest (5.97 points), ranks in seventh place, at par with that in Copenhagen, in a ranking of Europe's best underground public transportation systems, where Sofia (ranked second, 7.64 points) is challenging the leading position held by Norway's capital Oslo (8.06%). Copenhagen's automated subway operates 24/7, with trains arriving […]
The income tax rate may increase from 10% currently to 13% in 2025, according to estimates of trade union federation BNS based on the medium-term fiscal consolidation plan drafted by the government that envisages 1.1%-of-GDP advance of the revenues from income taxation. The most plausible scenario for reducing the deficit could include, among other measures, […]
Nicolae Ciuca, the leader of Romania's National Liberal Party (PNL) and a candidate in the upcoming presidential elections, expressed confidence on November 10 that he will advance to the second round of voting, citing the organizational strength and voter support for PNL, Romania's largest center-right political party. Speaking after a visit to Vorona Monastery in […]
Nationalist leader George Simion (AUR, 21.2%) would rank in second place in the first round of the presidential elections and make it to the second round beside Social Democrat (PSD) leader Marcel Ciolacu (25.9%), according to a poll conducted by Verified agency for reformist party USR. Meanwhile, reformist leader Elena Lasconi (15.7%) would be the best-placed […]
Swedish furniture retailer IKEA plans to open its first store in Cluj, and according to the information reported by Actual de Cluj, the new unit would be located in the RIVUS retail complex - a project that is being developed on the site of the former Carbochim industrial platform by the Iulius Group. Actualdecluj.ro...
Banca Transilvania (BVB: TLV), the largest financial group by assets in Romania, reported a net profit of RON 3.9 bln (EUR 780 mln) in the first nine months of this year, up 70% y/y. The group took over the local subsidiary of the Hungarian bank OTP Bank in July this year. The group's market capitalisation […]
