Category: Uncategorized
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Nearly all prosecutors’ offices in Romania suspend activity to protest slashed pensions
Almost all prosecutors’ offices in Romania, with a few exceptions, have suspended their activity indefinitely and decided to handle only urgent cases, to protest against the government’s project to reform the pension system. The prosecutors’ protest was announced by the Superior Council of Magistracy through a press release posted on Thursday, August 28. Specifically, the…
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84% of Romanians feel economic changes affecting their lifestyle, study shows
More than eight out of 10 Romanians say the country’s current economic situation has directly affected their lifestyle, with nearly half reducing everyday spending to cope with financial pressures, according to a new study released on August 27. The survey by Reveal Marketing Research found that 84% of respondents reported changes to their daily lives…
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Ioanna Christopoulou takes over as country manager of L’Oréal Romania
L’Oréal Romania announced the appointment of Ioanna Christopoulou as country general manager, starting September 1, 2025. She succeeds Vanya Panayotova, who was appointed country general manager of L’Oréal Turkey. Ioanna Christopoulou has almost 20 years of experience within the L’Oréal Group, where she held leadership positions in markets such as Greece, the Middle East, Western…
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Unemployment rate at 3.19% in July, Romania’s National Employment Agency says
The unemployment rate recorded by the National Employment Agency (ANOFM) in July was 3.19%, slightly higher (by 0.03 pp) than in the previous month. A total of 254,464 people were unemployed at the end of July, the institution said. Most unemployed people were aged between 40 and 49 (63,579), followed by those over 55 years…
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Romania’s Govt. pauses recruitment for SOE boards after “impressive number of applications”
The Ministry of Economy announced on August 27 that it would halt the process of receiving submissions for positions in the boards of directors of state-owned companies (SOE) “due to the impressive number of applications.” It said it received over 2,000 CVs in less than a week, an amount that “exceeds the human resources currently…
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Romanian Post sees higher revenues but lower profit in H1 2025
Romania’s state postal operator Compania Nationala Posta Romana reported a 10.6% increase in revenue to RON 896 million (EUR 179 million) in the first half of 2025, but its net profit fell to RON 13.24 million from RON 16.82 million a year earlier. Total revenues rose 12% to RON 936.6 million, but expenses climbed faster…
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Prime Kapital gets EUR 85.5 million refinancing facility for mall in southern Romania
Real estate developer, investor, and operator Prime Kapital has secured a EUR 85.5 million refinancing facility from Erste Group Bank AG for Argeș Mall, located in Pitești, in southern Romania. Developed by Prime Kapital, the mall opened in April 2024 with over 51,000 sqm of gross leasable area. It has a tenant mix comprising over…
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Cargus partners with retailer Agroland to expand delivery point network in Romania
Courier company Cargus has partnered with Agroland, a national network of stores for farmers and households, to expand its parcel pick-up and drop-off network by 245 delivery points. A total of 100 Cargus SHIP & GO points will be set up in the Agroland network and will become operational by the end of this year.…
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Romanian meat producer, processor establish joint venture to tackle ready-to-cook segment
Poultry Investment, with Romanian and Hungarian investors, and Authentic Meat, a Romanian company specializing in meat processing and preparation, have joined forces to enter the ready-to-cook segment. The newly created company, Meat Partners SRL, has introduced, under the Puiul de Crăiești brand, the Bistro range of ready-to-cook products. Currently, the line includes breaded schnitzels and…
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Westlake to acquire compounding solutions business of ACI, owner of plant in Romania
Westlake Corporation (NYSE: WLK) announced it has entered an agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group, a Portugal-based global manufacturer of specialty materials serving the wire and cable sectors, Profit.ro reported. The transaction, which helps expand Westlake’s offerings, is expected to close in early 2026, subject to customary closing conditions,…