Loan rescheduling and bank-specific conversion and appreciation offsetting programs are two solutions to the issue of Swiss Franc loan holders, identified at the January 16 emergency meeting of Finance Minister Darius Valcov with the National Bank of Romania (BNR) Governor Mugur Isarescu and other leaders of Romania’s  central bank. Prime Minister Victor Ponta on Friday [...]
The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 2024. Ana-Maria Pascu has been part of the River Development’s team for more than 20 years, as Economist, with responsibilities in the department that manages the relationship with the community of clients […]
Rituals Cosmetics, the international brand specializing in natural body and skin care products, home fragrances and home apparel, is set to open its first store in Romania at the end of September. The company, founded in 2000 in Amsterdam, has become a globally recognized industry expert with a presence in over 36 countries. It offers […]
Here we go again, it is September, and everything is happening at once, everywhere. Most cinema premieres are planned for autumn, so are many film fests. The reason are manifold, from the end of vacation to how local financing for culture works. After having been screened at festivals or events (most recently The Long Night […]
European Commission president Ursula von der Leyen has pledged aid worth EUR 10 billion to help repair the damage caused by recent floods in Central and Eastern Europe, Romania included. She made the promise during a visit to the western Polish city of Wroclaw on Thursday, September 19. A massive wave of flooding has hit Central […]
Finnish company Nokian Tyres inaugurated its passenger car tire factory in Oradea, Romania, on September 19, a project with a total value of EUR 650 million. The new facility operates without utilizing any fossil energy, making it the world's first full-scale tire factory with zero CO2 emissions. The factory inauguration marks the completion of a […]
The judges of the High Court of Cassation and Justice decided on Friday, September 20, to send the case targeting the Romanian Revolution of 1989, in which former president Ion Iliescu faces charges of crimes against humanity, back to the Military Prosecutor's Office to correct certain irregularities in the indictment. On June 14, another Supreme […]
