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Romania

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S&P Affirms Its BBB-/A-3 Rating On Romania; Outlook Remains Negative
Macroeconomics

S&P Affirms Its BBB-/A-3 Rating On Romania; Outlook Remains Negative

International rating agency Standard&Poor’s (S&P) affirmed the 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania Friday (Dec 4), but the outlook...

Ecaterina Craciun · 07.12.2020 · 11:06 · 3 min
VIG Gross Underwritings In Romania Grow 3.7% YoY To EUR354M In Jan-Sept 2020
Banks-Insurance

VIG Gross Underwritings In Romania Grow 3.7% YoY To EUR354M In Jan-Sept 2020

Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR354.8 million in Roman...

Ecaterina Craciun · 26.11.2020 · 10:47 · 2 min
Romania Is Poland’ LPP Fashion Group's Fifth Most Important Market
Retail&Consumer

Romania Is Poland’ LPP Fashion Group's Fifth Most Important Market

Poland’s fashion group LPP, which has the Reserved, Cropp, House, Mohito and Sinsay brands, has 66 stores in Romania out of the almost 1,800 physical stores in 25 countries of the 38 it oper...

Loredana Frățilă-Cristescu · 23.11.2020 · 09:53 · 1 min
Romania Public Debt Widens To RON451B, Or 42.9% Of GDP, End-September 2020
Macroeconomics

Romania Public Debt Widens To RON451B, Or 42.9% Of GDP, End-September 2020

Romania’s public debt stood at RON451 billion, or 42.9% of the gross domestic product (GDP) at the end of September 2020, higher by RON77 billion than the level reported at the end of 2019,...

Ecaterina Craciun · 19.11.2020 · 18:12 · 1 min
Romania Ranks 14th In The EU As New Car Registrations Drop 31.8% YoY In Jan-Sept 2020
Automotive

Romania Ranks 14th In The EU As New Car Registrations Drop 31.8% YoY In Jan-Sept 2020

Romania ranks 14th in the European Union regarding new car registrations in January-September 2020, with 84,601 units, 31.8% fewer than in the same period in 2019, data from the European Aut...

Ecaterina Craciun · 16.10.2020 · 11:38 · 1 min
Carrefour Romania CEO: There Is Room for Romania’s Food Industry to Double
Retail&Consumer

Carrefour Romania CEO: There Is Room for Romania’s Food Industry to Double

There is room for growth and even doubling of Romania’s food industry, says Jean Richard de Latour, the French executive who runs the local operations of retailer Carrefour.

Loredana Frățilă-Cristescu · 14.10.2020 · 09:00 · 1 min
Romania Ranks 14th In The EU By New Car Registrations In January-August 2020
Automotive

Romania Ranks 14th In The EU By New Car Registrations In January-August 2020

Romania ranks 14th in the European Union regarding new car registrations in January-August 2020, with 72,723 units, 37.5% fewer than in the same period in 2019, data from the European Automo...

Ecaterina Craciun · 17.09.2020 · 11:11 · 1 min
KeysFin: Number Of Newly Established Firms In Romania Drops 31% To 60,634 In Jan-July 2020
Companies

KeysFin: Number Of Newly Established Firms In Romania Drops 31% To 60,634 In Jan-July 2020

The number of newly established companies in Romania dropped 31% on the year to 60,634 firms in January-July 2020, but the trend has tempered compared with the January-April period, when the...

Ecaterina Craciun · 02.09.2020 · 15:08 · 1 min
Kearney: Half Of CEOs In Romania’s Biggest Companies Are Foreign Nationals
Companies

Kearney: Half Of CEOs In Romania’s Biggest Companies Are Foreign Nationals

Half the current CEOs in Romania’s biggest companies are foreign nationals, a figure which has remained stable for the past 10 years and is higher than that of most other European countries,...

Ecaterina Craciun · 01.09.2020 · 13:04 · 4 min