Romania’s North-East Region No Longer EU’s Poorest
Romania’s North-East region is no longer the poorest in the European Union, Vasile Asandei, the executive director of the North-East Regional Development Agency (ADRNE), said Monday, in Suceava.
Asandei said this shows the north-east region boasts a more accelerated growth rate and is no longer the poorest in the EU.
He added one is working on a regional brand which is due for completion by the end of 2017. (mediafax.ro)
IMF Chief Christine Lagarde Keeps Her Job Despite Conviction
The International Monetary Fund (IMF) chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France’s finance minister in 2008.
The Washington-based IMF executive board reaffirmed its full confidence in Lagarde’s abilities to perform her duties leading the Fund, hours after the verdict was issued in Paris. “The Executive Board looks forward to continuing to work with the Managing Director to address the difficult challenges facing the global economy,” the board said in a statement.
In Monday’s ruling, the judges did not find negligence in Lagarde’s decision to seek an out-of-court settlement with tycoon Bernard Tapie. But they said her failure to contest the award to him of about 400 million euros ($417 million) was negligent and led to a misuse of public funds. (mediafax.ro)
Retail Chain PROFI Must Recruit Several Dozen Store Managers In 2017
Retail Chain PROFI reached 500 stores, but the expansion of its network will accelerate, growing by 200 more units in 2017, which implies employing several dozen store managers in 2017, according to investment projects budgeted by Profi administrators.
PROFI opened 134 stores in 2016, reaching the 500-unit mark in December. PROFI is a modern retail network boasting the biggest geographic expansion in Romania, having stores in 255 localities and some 11,000 employees.
On November 23, the shares of Profi Rom Food – the biggest supermarket chain in Romania – were sold by Enterprise Investors to Mid Europa Partners, in a deal worth EUR533 million.
The sale of retail chain Profi is the fifth largest in a ranking of private transactions concluded in Romania from 2000 until present. (mediafax.ro)
President Iohannis Summons New Parliament On December 20
Romanian President Klaus Iohannis summoned the new Parliament on Tuesday, December 20, and in the upcoming days, there will be talks with political parties to designate the new prime minister.
”I shall summon the new Parliament on Tuesday, December 20, at 12 p.m., and on Wednesday and Thursday, December 21 and 22, I shall summon political parties for talks,” said Iohannis.
Monday, December 19, was the last day of the current lawmakers elected four years ago. (mediafax.ro)