US group Raytheon plans to develop business in Romania

US group Raytheon plans to develop business in Romania

Apr 28, 2017

US firm Raytheon, one of the world leaders in the defense sector and responsible for equipping the NATO missile shield in Romania, aims to develop business opportunities on the Romanian market on the long term and “beyond the missile shield”, said Thomas Vecchiolla, the company’s president, quoted by Romania-Insider.com. Thomas Vecchiolla met with the...

EC takes Romania to EU Court of Justice for failing to adopt measures on waste management

EC takes Romania to EU Court of Justice for failing to adopt measures on waste management

Apr 27, 2017

The European Commission (EC) decided to take Romania to the Court of Justice of the EU for failing to review and adopt its national waste management plan and waste prevention programme, in line with the objectives of the EU Waste Framework Directive, the Commission announced on Thursday, says Romania-Insider.com. “Despite earlier warnings from the Commission,...

Reuters: Romanian Banca Transilvania’s Q1 net profit up 7.7 pct

Reuters: Romanian Banca Transilvania’s Q1 net profit up 7.7 pct

Apr 27, 2017

Romanian lender Banca Transilvania records net profit of 246.17 million lei ($59.56 million) in the first quarter, up 7.7 percent on the year. Banca Transilvania Group’s overall profit stood at 266.9 million lei, up 15.5 percent compared with the first quarter of 2016, according to Reuters. Banca Transylvania repsentatives says its total assets rose 0.2...

Cluj-Napoca reports more tourists than inhabitants in 2016

Cluj-Napoca reports more tourists than inhabitants in 2016

Apr 26, 2017

Cluj-Napoca, received some 370,000 tourists in 2016, 15% more than in the previous year, Digi24.ro reported. By comparison, the city has almost 325,000 residents, according to the latest census, says Romania-Insider.com. “In 2016, 15% more tourists visited Cluj-Napoca, compared to 2015. The total number of those who visited us exceeded the number of city...

SeeNews.com: Banca Transilvania leads blue-chip gainers on Bucharest bourse

SeeNews.com: Banca Transilvania leads blue-chip gainers on Bucharest bourse

Apr 25, 2017

Blue chip lender Banca Transilvania [BSE:TLV] led the gainers among the blue chips on the Bucharest Stock Exchange (BVB) on Monday, bourse data showed, according to SeeNews.com. The total equity turnover of the BVB fell to 13.8 million lei ($3.3 million/ 3.04 million euro) from 27.5 million lei on Friday. Banca Transilvania was the top blue-chip gainer,...