Romania Insider

Romanian jewelry store chain plans international expansion

Romania Insider — Mon, 17 Dec 2018 13:30:22 +0000

Teilor, a Romanian jewellery store chain set up by local investor Florin Enache some twenty years ago, plans to expand its business abroad, country’s sales manager Anda Jurca told Ziarul Financiar daily. In August, the company’s management projected RON 100 million (EUR 22 million) in sales this year, up 30% over 2017, and said the

Tom Jones will play for the first time in Transylvania next year

Irina Marica — Mon, 17 Dec 2018 13:03:29 +0000

Famous singer Tom Jones will hold his first concert in the well-known Romanian region of Transylvania next year, in Cluj-Napoca. The event is scheduled to take place at the BT Arena on June 26. His fans in Romania will get the chance to hear some of Tom Jones’ older hits such as It’s Not Unusual,

Brancusi sculpture tops 2018 art auction ranking

Romania Insider — Mon, 17 Dec 2018 12:30:12 +0000

“La jeune fille sophistiquee (Nancy Cunard)”, a polished bronze work made by Constantin Brancusi in Paris in 1932, is the most expensive sculpture sold at an auction in 2018: it was sold for USD 71 million, local Bursa.ro reported. Brancusi’s sculpture represents Nancy Cunard, an activist, militant for gender equality and civil rights in the

Moody’s improves outlook of deposits with Alpha Bank Romania

Romania Insider — Mon, 17 Dec 2018 12:30:12 +0000

Moody’s rating agency has affirmed Alpha Bank Romania (ABR) ratings and improved to positive from stable the outlook on the long-term deposit ratings. The action, Moody’s says, reflects the opinion that ABR has made significant progress over the past years in improving solvency and its funding profile, contributing to upward pressure on the bank’s baseline

Study: Most Romanians don’t want amnesty or pardon for acts of corruption

Irina Marica — Mon, 17 Dec 2018 12:14:16 +0000

Amid the controversies raised by the ruling coalition’s plan to draft and pass an emergency ordinance on amnesty and pardoning, a study revealed that most Romanians (91% of respondents) oppose the pardoning of criminals convicted for corruption, as well as the amnesty of acts of corruption. Moreover, the same study also showed that 87% of

Romania’s ruling party leader asks Govt. to deal with “banking greed”

Ro Insider — Mon, 17 Dec 2018 11:54:58 +0000

The Government should take measures about “the banking greed and the ROBOR evolution,” Liviu Dragnea, the leader of the ruling Social Democrat Party (PSD), said in a speech delivered at the National Council of the PSD on December 16. Dragnea targeted multinationals and energy companies and brought into discussion the turnover tax. “We need a

Romania’s flag carrier Tarom to renew aircraft fleet in 2019

Romania Insider — Mon, 17 Dec 2018 11:30:55 +0000

Romania’s flag carrier Tarom will replace its aircraft fleet and open long-haul routes, according to the company’s general manager Werner Wolf. The replacement of 13 aircraft was already announced (the new aircraft will be produced by Boeing), but the company may actually replace 17 planes, all of them during 2019, he explained, according to local

Polish group plans Burger King expansion in Romania

Romania Insider — Mon, 17 Dec 2018 11:30:08 +0000

Polish group AmRest, a franchisee of Burger King Europe GmbH. for Central and Eastern Europe, announced that it has signed development agreements for new restaurants in Poland, the Czech Republic, Slovakia, Bulgaria and Romania, according to a press release. “Our partner is a great operator with the right combination of market expertise and experience with

Romania ends 2018 European Women’s Handball Championship on fourth place

Irina Marica — Mon, 17 Dec 2018 10:49:53 +0000

The Netherlands beat Romania 24:20 on Sunday, December 16, in the bronze-medal match of the 2018 European Women’s Handball Championship in France. Thus, Romania ended the Championship on the fourth place while the Dutch side took home the bronze. Hosts France have won their first European title on Sunday, after beating Russia 24:21. Romania’s national

US reportedly supports Romania’s OECD membership

Romania Insider — Mon, 17 Dec 2018 10:30:21 +0000

The United States fully supports Romania in its attempts to become a member of the Organisation for Economic Cooperation and Development (OECD), business environment minister Radu Oprea said after he met US trade secretary Wilbur Ross in Washington, according to local Ziarul Financiar. Over the past two years, Romania received endorsement from France and Germany