UNPR is attaching conditions to signing the protocol with PDL ahead of the local election – the adoption of the law introducing a tax on major wealth and the restoration of salaries in the public sector to the level prior to the operation of the austerity cuts. According to UNPR release quoted by Mediafax, a Union [...]
Romania is among the European countries with the lowest share of employees working overtime, according to data from Eurostat, the European statistics office. Therefore, in 2024, only 1.8% of Romanian employees aged between 20 and 64 declared that they had worked overtime. At the European Union level, 6.6% of employees worked long hours in 2024,
The Social Democrats (PSD) expressed discomfort with plans of their ruling coalition partners, PNL and USR, considering a joint candidate for the Bucharest mayoral elections, who would defeat their potential candidate that tops the polls at this moment. PSD leader Sprin Grindeanu even said such an option would result in the collapse of the ruling […]
ROCA FP, a consortium formed by Romanian investment consultant ROCA Investments and Luxembourg-based fund manager IRE AIFM HUB, has set out an ambitious growth plan for Fondul Proprietatea (FP) after emerging as the preferred candidate in the fund’s ongoing management selection process,
Green Tech International (BVB: GREEN), a company that supplies geothermal water in Călimăneşti-Căciulata and the only stock listing this year on the Bucharest Stock Exchange, recorded a net profit of RON 0.59 million at a consolidated level in H1 2025, down 63% compared to the same period last year. The operating income decreased by 18% […]
Mariana Gheorghe, former EBRD Senior Banker, CEO of OMV Petrom, and until 2023 a member of the ING globally Supervisory Board, was appointed pending regulatory approval as a member of UniCredit Romania's Supervisory Board to replace a resigned member. The appointment of Mariana Gheorghe is subject to approval by the National Bank of Romania,
Finance minister Alexandru Nazare, on August 25, handed over, at the ministry's headquarters, two financing agreements worth a total of RON 170 million (EUR 34 million) to the car parts producer DRM Draxlmaier Romania Sisteme Electrice and automobile producer Dacia. The grants were extended under the state aid scheme provided for by Government Decision (HG) […]
