Category: Uncategorized

The prime minister and head of the senior ruling Social Democratic Party likely to preserve its dominant position after the general elections in November-December, Marcel Ciolacu, quoted by Economica.net, assured again, on October 9, that there will be no VAT rate increase next year. The prime minister declared himself totally in favor of implementing a…

Prosecutors of the Directorate for Investigating Organized Crime and Terrorism (DIICOT) have been investigating for around a year possible frauds and the activity of an organised criminal group related to real estate developer Nordis, G4media.ro announced, quoting sources familiar with the investigations. However, no individual was indicted despite more than ten complaints filed against those behind…

Generation Z employees in Romania prefer pressure-free work environments over stability, according to a study by Pluxee Romania, the global partner for employee benefits and solutions designed to increase employee engagement. On the other hand, Generations Y and X prioritize job stability. The “Workplace for All: Intergenerational Motivation Map” study aimed to look at the preferences…

The Hungarian presidency of the EU Council asked that Romania and Bulgaria become full members of the Schengen Zone by the end of this year, according to prime minister Viktor Orban. Orban made the statement in the plenum of the European Parliament, in Strasbourg, as part of the debate on the priorities of the Hungarian…

Three consortiums, comprising 56 nationally and internationally recognized companies, have submitted technical and financial bids for the construction of the M4 subway line, on the Gara de Nord – Gara Progresul section.  The project, valued at approximately EUR 2.5 billion, will be funded through non-reimbursable European funds, as announced by District 4 mayor Daniel Băluță.…

The National Theater Festival in Bucharest invited five foreign productions to join the lineup of this year’s edition, scheduled for October 18-28 in Bucharest. The program thus includes shows from Germany, Ireland, Poland (two), and Belgium. On the first day of the festival, the public will have the opportunity to see the show Dance Me!…

Real Estate Group (RRG), a company with almost 20 years of experience in the Romanian real estate market, has begun the construction of the first phase of its business-class Lakeside11 residential project in Bucharest, with an expected completion by the end of 2026.  The total investment in the Lakeside11 project, located on the shores of…

Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, appointed Alessio Cioni as General Manager and Chief Executive Officer, effective October 8. The National Bank of Romania approved the appointment. Cioni is also an executive member of the bank’s Board of Directors. He succeeds Paolo Vivona, who has taken on a new executive…

Romanian carmaker Dacia, a member of the French group Renault, has unveiled its new Bigster model, marking its entry into the C-SUV segment. The car comes with “a range of additional features for the most demanding customers, including two-tone body colour and 19-inch wheels.” And, the company says, the all-new Bigster will be followed by…

Municipalities from Poland, Romania, and Slovakia came together on Tuesday, October 8, in Lubin, Poland, to mark the launch of a multinational program aimed at supporting the integration of children and families from refugee and migrant communities.  The two-year program, funded by the European Union through the Technical Support Instrument (TSI), will assist municipalities in…