Romania
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Romania Ranks 10th In The EU By Share Of Renewable Energy In Total Consumption
Romania ranks tenth in the European Union by the share of renewable energy in the total energy consumption, with renewable energy covering 23.8% of the country's total energy consumption in...
Eurostat: Hungary, Romania, Slovakia See Largest Declines In Industrial Production In The EU In April 2020
Hungary (-30.5%), Romania (-27.7%) and Slovakia (-26.7%) recorded the largest decreases in industrial production across all Member States of the European Union, according to Eurostat, the st...
S&P Affirms Romania’s Rating At BBB-/A-3; Outlook Remains Negative
International rating agency Standard&Poor’s (S&P) has affirmed the 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania, but the outlook remains neg...
Convergence Program: Romania GDP Seen Down 14.4% In 2Q/2020; Return To Slight Economic Growth Expected In 3Q
Romania’s gross domestic product (GDP) is expected to contract 14.4% in the second quarter of 2020 (April-June), followed by return to slight growth, of nearly 1%, in the third quarter of 20...
Fitch Ratings Takes Rating Actions On Romanian Banks On Covid-19 Impact
International credit rating agency Fitch Ratings has taken rating actions on five Romanian banks in light of the coronavirus outbreak in Europe, including downgrading UniCredit Bank S.A. (UC...
Kaufland Opens Its Fourth Store In 2020, In Dej; Reaches 131 Units In Romania
German-held retailer Kaufland, the leader of the Romanian grocery retail by sales, on Wednesday announced the opening of its first hypermarket in Dej (Cluj County), reaching total 131 stores...
Omer Susli: Homelux Plans To Start Producing Furniture In Romania For Local Market And Export
Interior decoration retailer Homelux plans to start manufacturing furniture items in Romania, in order to sell them on the local market and to export, Omer Susli, CEO and owner of Homelux, t...
Uber Eats Exits Romanian Market Starting June 4, 2020
Uber Eats announced Monday that it is pulling out of the Romanian market starting June 3, 2020.
Omer Tetik, BT: Romania Can Use The Present Moment As An Opportunity To Relaunch Public Investments In Hospitals, Infrastructure
Romania can use the present moment as an opportunity to relaunch public investments in key fields, such as the healthcare system and the infrastructure, considering that the banking system h...