The multinational Unilever has decided to close the Denny ice cream factory in Veliko Tarnovo, Economica website reports. According to the cited source, production is to move to Romania, where Unilever has a factory in Ploiesti and one in Suceava (following the acquisition of Betty Ice). At the same time, the administrative part remains in Bulgaria. The ice cream factory in Veliko Tarnovo will cease operations on April 30, 2025. The company did not provide specific reasons. Sources however revealed the main reason is the lack of workforce. “The production will move to the factory in Romania, while the commercial and administrative part will remain in Bulgaria to ensure intra-community trade with ice cream from Romania to Bulgaria. The reason for the relocation is the lack of labor force,” the sources said. The decision to move production from Bulgaria to another market is not the first within the Unilever group. For example, in 2007, the group stopped producing Kaliakra brand oil in Bulgaria and now imports it from its factory in Romania. According to unofficial sources, the company, like many others in the country, is having difficulty finding qualified workers.
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
