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Cosmetics Producer Ivatherm Aims to Get 40% to 50% of Revenue from Exports in 2021
Companies

Cosmetics Producer Ivatherm Aims to Get 40% to 50% of Revenue from Exports in 2021

Dermo-cosmetics sales continued to increase in 2020, while sales of perfume and make-up dropped, says Rucsandra Hurezeanu, founder of cosmetics producer Ivatherm.

Loredana Frățilă-Cristescu · 27.04.2021 · 10:35 · 1 min
Decathlon Set to Make More Than 1 Million Bicycles in Romania in 2021
Retail&Consumer

Decathlon Set to Make More Than 1 Million Bicycles in Romania in 2021

French-held Decathlon group, the leader of the local sporting goods retail, plans to have more than 1 million bicycles assembled in Romania in 2021, compared with about 860,000 last year.

Loredana Frățilă-Cristescu · 04.03.2021 · 10:01 · 1 min
Three-Month Money Market Rate Surges To 1.70%
Banks-Insurance

Three-Month Money Market Rate Surges To 1.70%

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reachi...

Ecaterina Craciun · 03.03.2021 · 11:38 · 1 min
Three-Month Money Market Rate Grows To 1.68%
Banks-Insurance

Three-Month Money Market Rate Grows To 1.68%

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reachi...

Ecaterina Craciun · 02.03.2021 · 12:05 · 1 min
Electric Plus Expects Door and Window Trim to See Significant Exports in 2021
Companies

Electric Plus Expects Door and Window Trim to See Significant Exports in 2021

Bacau-based PVC trim, window rolling shades and garage door manufacturer Electric Plus set out to boost exports in 2021.

Loredana Frățilă-Cristescu · 17.02.2021 · 10:37 · 1 min
Three-Month Money Market Rate Inches Up To 1.60% After Stagnating At 1.59% In Last Four Days
Banks-Insurance

Three-Month Money Market Rate Inches Up To 1.60% After Stagnating At 1.59% In Last Four Days

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, inched up to 1.60% a year on F...

Ecaterina Craciun · 22.01.2021 · 13:20 · 1 min
Sales of Clothes Dryers Rise 60% in Romania in 2020
Analysis

Sales of Clothes Dryers Rise 60% in Romania in 2020

Romanian consumers spent 110 million to 120 million lei on clothes dryers last year, not including VAT and the market has increased significantly in the past few years, 2020 included.

Loredana Frățilă-Cristescu · 22.01.2021 · 11:25 · 1 min
Citu Cabinet Seeks To Raise Minimum Gross Salary To RON2,300 In 2021
Macroeconomics

Citu Cabinet Seeks To Raise Minimum Gross Salary To RON2,300 In 2021

Romania’s new government led by Prime Minister Florin Citu said it would discuss this week increasing the minimum gross wage to RON2,300 (around EUR471) in 2021, from RON2,230 (around EUR457...

Ecaterina Craciun · 28.12.2020 · 16:40 · 1 min
NTT Data Romania Sees Significant Rebound in Number of Projects
Technology &Telecoms

NTT Data Romania Sees Significant Rebound in Number of Projects

Software services and solutions provider NTT Data Romania (formerly EBS Romania), part of the Japanese group by the same name, is looking for technology specialists to fill its more than 75...

Loredana Frățilă-Cristescu · 24.11.2020 · 10:21 · 1 min