English

Sphera Franchise Group Sales Grow 24% in 2019, to RON955M

09:57, 24 Feb. 2020
Sphera Franchise Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, said Monday its consolidated sales grew 23.8% on the year in 2019, to RON955 million (around EUR201 million).

Siegfried Mureşan: EC will provide 750 million euros to Romania for Jiu Valley and Oltenia region

19:39, 21 Feb. 2020
Romania is to receive 750 million euros from the European Commission to finance projects to ensure the transfer to a green economy in areas such as Oltenia or Jiu Valley, EU Parliament member Siegfried Mureşan has said on Friday.

Six Romanians from Diamond Princess ship arrive in the country on Saturday with a military plane

16:49, 21 Feb. 2020
Six Romanians aboard the Diamond Princess cruise ship, who have expressed their wish to return to the country, will arrive on Friday night in Berlin, from where they will be taken by a Ministry of Defence's aircraft and brought to Bucharest.

IAEA Concludes Operational Safety Review of Romania’s Nuclear Power Plant

15:38, 21 Feb. 2020
An International Atomic Energy Agency (IAEA) team of experts has completed a review of long term operational safety at the Cernavoda nuclear power plant in Romania at the request of plant operator Nuclearelectrica.

Electromagnetica Turnover Drops 12% in 2019, to RON256M

15:36, 21 Feb. 2020
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, posted a turnover of RON256 million in 2019, down 12% on the year, while its profit declined 6.9%, to RON4.4 million, it said in its preliminary earnings report Friday.

Romanian Government Authorizes Geotech Investigation in Offshore Midia Block

15:31, 21 Feb. 2020
Romania's interim economy minister Virgil Popescu issued a permit Friday allowing geotechnical investigation for the offshore Midia gas project developed by Black Sea Oil & Gas.

Iohannis, on the EU budget negotiations: The result is disappointing. There has been no progress

13:03, 21 Feb. 2020
President Klaus Iohannis has said in Brussels, on Friday, that the result is disappointing in the negotiations of the EU budget, indicating that no progress has been made. The head of state added in this regard that "at least one more summit" will be needed.

Klaus Iohannis, challenged by magistrates after signing decrees appointing chief prosecutors

12:44, 21 Feb. 2020
The Association "Iniţiaivă pentru Justiţie" ("Initiative for Justice") has announced will challenge president Klaus Iohannis' decision appointing chief prosecutors, stating that the CVM recommendations about appointments to the General Prosecutor's Office, DIICOT and DNA were not respected.

Iohannis sends condolences to the family of the Romanian person who died in the Hanau attack

12:35, 21 Feb. 2020
President Klaus Iohannis has sent condolences to the family of the young Romanian man who lost his life following the violent attack in Hanau, Germany.

Iohannis, about the EU budget: My ambition is to get enough money for cohesion, agriculture

18:10, 20 Feb. 2020
President Klaus Iohannis has said in Brussels, before the European Council meeting debating the EU budget for the next seven years, that his ambition is for Romania to receive sufficient money for cohesion, agriculture and to have a larger budget than the previous one.

Crucial decision in PSD. Ciolacu does not want persons with criminal problems on electoral lists

19:00, 19 Feb. 2020
PSD's acting leader Marcel Ciolacu has said on Wednesday, in the party's Executive Committee meeting, that he will not sign elections lists that contain members with criminal problems, according to participating political sources at the meeting.

Highlander Partners Buys Majority Stake in Romanian SanoVita

18:21, 19 Feb. 2020
US-based investment fund Highlander Partners said Wednesdafy it has acquired a majority stake in Romanian SanoVita, one of the most reputable and trusted food brands in Romania.

GFG Alliance Pledges to Invest EUR1B in Liberty Galati Steel Mill

16:11, 19 Feb. 2020
GFG Alliance plans to invest EUR1 billion in its Liberty Galati steel mill over the next ten years to significantly reduce carbon emissions and to boost production, targeting to transform the mill into a regional champion.

Dan Nica has requested EC’s support for mining regions affected by the Ecological Pact

14:20, 19 Feb. 2020
PSD's eurodeputies delegation's head Dan Nica has requested the support of the European Commission for carrying out sustainable projects for the mining and energy-intensive regions that will be affected by the European Ecological Pact, according to a press release from the party.

Telekom Romania Consolidated Revenue Up 5% in 2019, to EUR980M

13:11, 19 Feb. 2020
Telekom Romania posted consolidated revenues of EUR980 million in 2019, up 5% on the year, and its EBITDA also grew 5%, to EUR144 million, the company said in a statement.

The Senate rejects the emergency decree on early elections

12:46, 19 Feb. 2020
The senators on Wednesday have rejected the Government's emergency ordinance for organizing early elections. The rejection project will reach the Chamber of Deputies, which will play a decisive role.

Iohannis, emergency meeting with PNL’s leaders – sources

12:07, 19 Feb. 2020
President Klaus Iohannis has called PNL's leaders on Wednesday for a discussion at Vila Lac II complex. According to some liberal sources, the discussions will refer to the early elections and the emergency ordinance that provides the organizational details.

Foreign Ministry confirms infection with the coronavirus of a second Romanian on Diamond Princess

12:01, 19 Feb. 2020
The Ministry of Foreign Affairs (MAE) has confirmed on Wednesday that a second case of infection with the new coronavirus was confirmed at a Romanian citizen, a crew member on the Diamond Princess cruise ship.

Klaus Iohannis will attend the European Council meeting in Brussels on Thursday

13:47, 18 Feb. 2020
President Klaus Iohannis will attend the European Council meeting in Brussels on Thursday, the Presidential Administration announces. On the agenda of the discussions will be the Multiannual Financial Framework of the EU for 2021-2027, with the aim of reaching a consensus between the member states.

Liviu Dragnea’s request for release goes to the Supreme Court

13:37, 18 Feb. 2020
The judges at the Bucharest Tribunal have decided on Tuesday that the request for the release of Liviu Dragnea should be transferred to the High Court of Cassation and Justice. The Supreme Court has already rejected a similar request made by the former PSD leader'a lawyers.

Orange Romania Launches Currency Exchange Services in Orange Money App

13:07, 18 Feb. 2020
Telecom operator Orange Romania has added currency exchange services to its Orange Money app, allowing users to transfer money in 18 currencies at no extra charge.

Liviu Dragnea: I think that at this rate I will finish my jail term until the request is being judged

12:55, 18 Feb. 2020
Former PSD leader Liviu Dragnea has stated in the courtroom that his request is postponed for various reasons and that he will end his jail term until he wil have a ruling.

Haier Invests EUR50M in Refrigerator Production Unit in Romania

18:17, 17 Feb. 2020
Chinese giant Haier, one of the world's largest white goods manufacturers, will be investing EUR50 million in a production unit in Prahova county, Romania.

Orban: PNL’s goal – compliance with constitutional procedures, so as Iohannis to dissolve Parliament

13:43, 17 Feb. 2020
The goal of the National Liberal Party (PNL) is to carry out all constitutional procedures so that president Klaus Iohannis can dissolve Parliament and launch early elections, Ludovic Orban has said after PNL's meeting.

A man threatened to blow up a gas station in District 3 of Bucharest

13:26, 17 Feb. 2020
A man had announced on Monday, by calling 112, that he is blowing up a gas station in District 3 of the Capital. The individual was caught by police.

Fifteen cars of a freight train derailed in Olt County. Railway traffic is stopped

12:36, 17 Feb. 2020
The railway traffic is stopped on Line 900, between Stoeneşti and Drăgăneşti-Olt, in Olt county, after a 37 cars freight train loaded with cereals derailed during the night. Three passenger trains were cancelled.

The emergency decree on elections arrived at the Senate, before publishing in the Official Monitor

18:34, 14 Feb. 2020
The emergency ordinance for early elections has arrived at the Senate on Friday and will be discussed in the Permanent Senate Office on Monday. The decree has not yet been published in the Official Monitor.

Tăriceanu asks Orban Government to drop the emergency decrees on parliamentary elections

14:15, 14 Feb. 2020
Călin Popescu Tăriceanu has asked the Orban Government not to publish the emergency ordinance on parliamentary elections in the Official Monitor. The ALDE leader is unhappy that citizens can vote in parliamentary elections from wherever they would be.

Iohannis signed six retirement decrees. Some are for prosecutors from the General Prosecutor’s Office

13:31, 14 Feb. 2020
President Klaus Iohannis signed six retirement decrees on Friday, demanded by prosecutors from around the country, the Presidential Administration announced. Four of the retirement decrees signed by president Klaus Iohannis were prosecutors of the Prosecutor’s Office attached to the High Court of Cassation and Justice. On Friday, Klaus Iohannis has signed the following decrees: Decree […]

Renault Plans to Launch 100% Electric Dacia Model in 2021-2022

12:36, 14 Feb. 2020
Renault plans to launch a fully electric Dacia model in 2021-2022, the carmaker announced Friday along with its earnings report.

Turcan: The Government withdrew the decrees on European funds for fear of the European Commission

12:12, 14 Feb. 2020
Deputy prime minister Raluca Turcan has said the Government's decision to withdraw emergency decrees on European funds has been done in order not to leave the impression to the European Commission that they have faults.

The medical cards system is not working

12:04, 14 Feb. 2020
The medical cards system was not working, on Friday morning, and family physicians could not prescribe treatments to patients.

Orange Posts EUR1.1B Turnover in 2019

13:28, 13 Feb. 2020
Telecom operator Orange Romania posted a turnover of EUR1.112 billion in 2019, 1.2% lower compared with 2018, the company said Thursday.

First corvette built by Romanians has been delivered to Pakistan’s Navy

13:25, 13 Feb. 2020
The first patrol vessel built by Romanian workers, in Romania, has been delivered to the Pakistan's Naval Forces on Thursday, during a ceremony organized at the Passengers' Terminal, in Constanţa Port.

EIB Support for Projects in Romania Amounts to EUR865M in 2019

12:31, 13 Feb. 2020
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guarantees, equity and microfinance operations in Romania in 2019.

Romania’s Current Account Gap Widens to EUR10.47B in 2019

12:30, 13 Feb. 2020
Romania's current account balance posted a deficit of EUR10.478 billion in 2019, compared with a deficit of EUR8.86 billion in 2018, central bank data showed Thursday.

Searches at 17 town halls who had obtained financing through the Development and Investment Fund

12:23, 13 Feb. 2020
Seventeen police searches are taking place at town halls throughout the country, being verified funding obtained from the Development and Investment Fund for projects developed by the local authorities. Judiciary sources say Ion Ghizdeanu would be prosecuted in this case.

BT Asset Management Cleared to Acquire Pension Fund Certinvest Pensii

12:04, 13 Feb. 2020
BT Asset Management and BT Investments, part of the Banca Transilvania Financial Group, have been cleared by the financial supervisory authority to acquire 100% of Certinvest Pensii, the only local player among private pension funds administrators in Romania.

Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M

12:04, 13 Feb. 2020
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168 million.

Prime minister Ludovic Orban meets Ursula von der Leyen on Thursday

12:03, 13 Feb. 2020
Romanian prime minister Ludovic Orban is attending a dinner organized in Munich, on Thursday, along with the European Commission's president, Ursula von der Leyen.