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Romania

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Retail&Consumer

GfK: Romanians Expect Income Increase, Willingness To Spend Still Low

Romanians expect an increase in their incomes given the growing economy, but the low incomes, which usually suffice only to pay for everyday necessities, trigger a low willingness to spend,...

Gabriela Stan · 14.10.2015 · 11:57 · 1 min
Dow Chemical Boss: I Want To Hear Romania Is Attractive But Not Because Of Low Wages
Companies

Dow Chemical Boss: I Want To Hear Romania Is Attractive But Not Because Of Low Wages

Romania has a number of qualities that put it among interesting countries to foreign investors, and one such quality is its strategic geographic location, says Claudiu Tuncu, country manager...

Loredana Frățilă-Cristescu · 12.10.2015 · 00:00 · 2 min
International Investment Bank Sells RON200M Bonds To Investors In Romania
Banks-Insurance

International Investment Bank Sells RON200M Bonds To Investors In Romania

International Investment Bank (IIB), established in early '70s by the USSR and other socialist states, plans to raise RON200 million (EUR45.3 million) by selling three-year maturity bonds to...

Gabriela Stan · 09.10.2015 · 15:50 · 1 min
Maure, Automobile Dacia: Romania Needs 7% Economic Growth
Automotive

Maure, Automobile Dacia: Romania Needs 7% Economic Growth

The 3.4% economic growth that the International Monetary Fund estimated for Romania in 2015 is not high enough to really matter, believes Nicolas Maure, managing director of Automobile Dacia...

Loredana Frățilă-Cristescu · 09.10.2015 · 00:00 · 1 min
Romania’s Cybernetic Security Level, Insufficient Against Complex Attacks - SRI Report
Technology &Telecoms

Romania’s Cybernetic Security Level, Insufficient Against Complex Attacks - SRI Report

Romania’s cybernetic security level is insufficient to overcome complex or potentially destructive cybernetic attacks, according to the country’s Intelligence Service (SRI) report for 2014.

Gabriela Stan · 08.10.2015 · 18:46 · 1 min
Technology &Telecoms

Microsoft To Hire Several Hundreds Of IT Specialists In Romania In Next Five Years

Microsoft will hire several hundreds of IT specialists in Romania in the next five years, as it currently has 700 employees, said Andrew Townhill, EMEA Chief Technology Officer of Microsoft...

Gabriela Stan · 08.10.2015 · 18:04 · 1 min
Romania Ranks Third In CEE With Real Estate Deals Worth EUR600M In January-September - JLL
Real Estate

Romania Ranks Third In CEE With Real Estate Deals Worth EUR600M In January-September - JLL

Romania registered real estate transactions worth EUR600 million in the first nine months of the year, ranking third in Central and Eastern Europe (CEE), after the Czech Republic and Poland,...

Gabriela Stan · 07.10.2015 · 15:49 · 1 min
Finance Minister Signs Agreement Whereby Romania Grants EUR150M Loan To Moldova
Banks-Insurance

Finance Minister Signs Agreement Whereby Romania Grants EUR150M Loan To Moldova

Finance Minister Eugen Teodorovici signed on Wednesday, in Chisinau, an agreement whereby Romania will grant a loan worth EUR150 million to the Republic of Moldova.

Ecaterina Craciun · 07.10.2015 · 11:17 · 1 min
Macroeconomics

IMF Sees Romania GDP Growth at 3.4% This Year, 3.9% in 2016

Romania is expected to post an economic growth of 3.4% this year and 3.9% in 2016, according to the International Monetary Fund's fall World Economic Outlook report released Tuesday.

Oana Gavrila · 06.10.2015 · 17:31 · 1 min