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Romania Raises Minimum Gross Wage To RON1,900
Macroeconomics

Romania Raises Minimum Gross Wage To RON1,900

The minimum gross wage will be raised to RON1,900 as of January 1, 2018, for an average work schedule of 166 hours per month, according to a decision adopted by the Romanian Government in it...

Ecaterina Craciun · 29.11.2017 · 17:27 · 1 min
CertAsig Underwrites Gross Premiums Of EUR11M In January-September 2017, Up 12% On Year
Banks-Insurance

CertAsig Underwrites Gross Premiums Of EUR11M In January-September 2017, Up 12% On Year

Insurance company CertAsig, held by investment fund Royalton Partners and focused exclusively on corporate insurance, registered underwritten gross premiums of EUR11 million in January-Septe...

Ecaterina Craciun · 29.11.2017 · 16:11 · 1 min
Romania’s Operating Leasing Market Maintains Growth, Exceeds 66,000 Vehicles End Of 3Q/2017
Automotive

Romania’s Operating Leasing Market Maintains Growth, Exceeds 66,000 Vehicles End Of 3Q/2017

Romania’s operating leasing market ended the third quarter of 2017 with an increase of 11% compared with the end of 2016, to over 66,000 vehicles managed.

Ecaterina Craciun · 29.11.2017 · 15:06 · 1 min
Three-Month ROBOR Rises To 2.20%
Banks-Insurance

Three-Month ROBOR Rises To 2.20%

The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, jumped to 2.20% on Tuesday (Nov 28), the highest level since October 28, 2014, central bank d...

Ecaterina Craciun · 28.11.2017 · 12:05 · 1 min
Romanians Made Card Payments Of Over RON44B In Jan-Sept 2017, Up 30% On Year
Banks-Insurance

Romanians Made Card Payments Of Over RON44B In Jan-Sept 2017, Up 30% On Year

Romanians made payments by card of RON44.6 billion (EUR9.8 billion) in January-September 2017, up nearly 30% from the year-earlier period, central bank data showed Thursday.

Ecaterina Craciun · 23.11.2017 · 18:33 · 1 min
Ikea Sales In Romania Up 14%, To Over RON586M, Between Sept 1, 2016 And August 31, 2017
Companies

Ikea Sales In Romania Up 14%, To Over RON586M, Between Sept 1, 2016 And August 31, 2017

Swedish furniture and decoration retailer Ikea on Thursday reported 14% higher sales in Romania, to over RON586 million (nearly EUR128 million), in the catalog year September 1, 2016 and Aug...

Ecaterina Craciun · 23.11.2017 · 18:01 · 1 min
Furniture Retailer Lem’s Posts 7% Higher Sales, Of EUR50.3M, In Jan-Sept 2017
Companies

Furniture Retailer Lem’s Posts 7% Higher Sales, Of EUR50.3M, In Jan-Sept 2017

Romanian furniture store chain LEM'S, operated by furniture producer Lemet Campina, reported sales of RON230.4 million (EUR50.3 million) in January-September 2017, up 7% from the year-earlie...

Ecaterina Craciun · 22.11.2017 · 16:37 · 1 min
Naspers eMAG Stake Up To Almost 80%
Technology &Telecoms

Naspers eMAG Stake Up To Almost 80%

South Africa’s Naspers, one of the most powerful actors in the global ecommerce industry, has increased its stake in Romanian leading online retailer eMAG to almost 80%, following an about E...

Loredana Frățilă-Cristescu · 16.11.2017 · 00:00 · 1 min
Three-Month ROBOR Hits Three-Year High Of 1.92%
Banks-Insurance

Three-Month ROBOR Hits Three-Year High Of 1.92%

The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, jumped to 1.92% on Tuesday (Nov 14), the highest level in the last three years, central bank...

Ecaterina Craciun · 14.11.2017 · 12:12 · 1 min