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The Faculty of Law at West University of Timișoara (UVT), in western Romania, will offer, starting this academic year, a one-year study program in English law in partnership with the British Law Centre. The Diploma in English Law and Legal Skills, as the program is called, offers a theoretical introduction to English law and skills…

Romania’s general government budget reached 3.43% in January-May, edging up against the government’s expectations from 3.24% in January-April, according to preliminary data published by Profit.ro. In April, the government paid in advance pensions accounting for some 0.6% of GDP and reportedly expected to report a monthly surplus in May. In absolute terms, 3.43% of GDP…

One week before the elections for the mayoral seat in Bucharest, a document was leaked in the media regarding the alleged collaboration of the leading candidate Nicusor Dan (independent, backed by reformist USR) with the communist intelligence services. As a high school student, on the occasion of attending international mathematics contests, he was reportedly required…

The French rolling stock manufacturer Alstom currently owes penalties of RON 90 million (EUR 18 million) for delays in the delivery of trains contracted by the Railway Reform Authority (ARF) and around EUR 22-23 million for the subway trains that were supposed to run on 5th Line of the Bucharest subway. The updated value of…

Apartment prices in Romania’s first-tier cities continued to rise this year, by double-digit growth rates in some cases, such as Brasov, Bucharest, or Cluj-Napoca. One year ago, in April 2023, 47.3% of the CFA analysts surveyed by CFA Romania Society expected residential prices to drop, and only 13% believed they would further increase. In April…

Romania’s foreign exchange reserves rose by EUR 2.5 billion in May to EUR 65.1 billion at the end of the month after the government raised EUR 3.24 billion with the third series of Eurobonds this year, according to the National Bank of Romania (BNR). The gold reserves (103 tonnes) added another EUR 7.2 billion, resulting…

The annual decline of industrial (factory gate) prices in Romania moderated to 4% y/y in April from 8% y/y in March, after the prices remained virtually stable on a monthly basis, according to the statistics office INS. However, the dynamics were highly contrasting among different categories: the negative growth of the overall industrial price index…

Sphera Franchise Group (BVB symbol:SFG), the largest group in the foodservice industry in Romania, which operates KFC, Pizza Hut and Taco Bell restaurants in a franchise system, benefits from June 4 of the Issuer’s Market Maker services offered by BRK Financial Group. Sphera Franchise Group was listed in 2017 on the Main Market of the…

Workspace Studio, specializing in high-quality office furniture and integrated office design projects, and a Certified Dealer of the MillerKnoll group in Romania, notes a transition this year towards projects where companies aim to maximize the value and quality obtained from a fixed budget. Budget-centred design reflects a growing trend among companies interested in superior solutions…

Voxa, an audiobook platform in Romania, recently launched a rich and diverse collection of stories for young children in audio format. According to the company, the initiative meets the diverse needs of kids aged 0 to 9, as well as those in middle and high school. With a vast selection of over 3,500 titles in…