Category: Uncategorized
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Four German political foundations launch matching platform for undecided Romanian voters
Undecided voters in Romania, or those who doubt their choice, can find out what party best matches their political opinions with the help of an online platform (eucucinevotez.eu), where they are invited to answer several questions. The parties had to answer some questions in advance. Once the questionnaire has been completed, the application calculates the…
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Minister denies Posta Romana manager’s claims of closing down all post offices
The minister of digitization, Bogdan Ivan, stated there is no question of closing down some post offices, as the director of Posta Romana, Valentin Stefan, had announced. Ivan added that he wants the company to develop – not restrict the activity of the “strategic institution [Posta Romana].” “It is a key strategic institution in situations…
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Carrefour, Auchan and Cora to pay EUR 19 mln for price-fixing in Romania after losing case in court
Retailers Carrefour, Auchan, and Cora must pay some EUR 19 million for price-fixing in Romania as the local Competition Council announced that it definitively won the lawsuits against the former two – which challenged the fine in court. The Competition Council fined the three approximately RON 87.713 million (EUR 18.8 million) in 2019 for fixing…
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Bucharest Exchange blue chips report 45% stronger aggregate profits in Q3 on one-off events
The companies in the basket of Bucharest Exchange blue chips index BET have achieved 45% y/y stronger aggregated net profit in Q3, but this was achieved amid diverging dynamics of different sectors and significant impact of one-off earnings obtained by Banca Transilvania and telecommunications group Digi, according to an analysis of InterCapital Asset management analyst…
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EC allows Romania to pay subsidies to energy-intensive industrial consumers
The government of Romania obtained the European Commission’s green light to implement a RON 2.9 billion grant scheme aimed at the energy-intensive industrial companies hit by the green policies of the European Union. The state aid and the brown energy taxation are expected to balance each other, in a fine-tuned strategy aimed at achieving climate…
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German cosmetics retailer dm drogerie markt reports 35% sales growth in Romania amid expansion and digital innovation
dm drogerie markt Romania, the local subsidiary of German cosmetics retailer dm, closed its financial year 2023-2024 on September 30, posting a revenue of RON 1.77 billion (EUR 356 mln), a substantial 35% increase over the previous year. The growth was fueled by the expansion of the local network and the focus on innovation and…
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Romania’s 2024 presidential elections: Voting outside of the country starts on November 22
Romanian citizens voting outside of the country can cast their ballot in the first round of this year’s presidential elections starting November 22. The first polling station to open abroad will be in Auckland, New Zealand. It will open on Friday, November 22, the Permanent Electoral Authority (AEP) said. The process of voting abroad in…
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Romania presidential elections 2024: Results accessible in real-time on updated online platform
The Special Telecommunications Service (STS) has introduced a new feature on the Prezenta.roaep.ro website, allowing real-time tracking of the 2024 presidential election results. The new functionality enables users to view results based on various criteria, including candidates, counties, and localities, both within Romania and abroad, according to News.ro. “All those interested will be able to…
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Romanian Cultural Institute to open Tokyo branch next week
The official opening of the Romanian Cultural Institute (ICR) in Tokyo will take place on November 26, ICR announced. The opening reflects “ICR’s commitment to supporting and promoting Romanian culture throughout the world,” the institution said. One of the first events hosted by ICR Tokyo will be an exhibition with works from the collection of…
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Romania’s environment minister calls emergency meeting amid season’s first Code Red for severe winter blizzards
Romania’s environment minister, Mircea Fechet, convened an extraordinary meeting of the Ministerial Committee for Emergency Situations (CMSU) on Thursday, November 21, in response to severe weather alerts issued by the National Meteorological Administration (ANM). Alerts include Yellow, Orange, and the season’s first Red Code warnings for extreme winter conditions. During the meeting, officials discussed coordinated…