CONTACT

You can contact us via Email: office@transylvaniatoday.ro , or by completing the form below:

You can also contact us by phone:
Editor-in-chief
Claudiu Padurean
0744 566 444

Editorial manager
Bianca Padurean
0766 609 344

Marketing and Sales
Rada Morar
0744 641 313

Romanian Parliament makes new attempt to exempt state companies from corporate governance

Posted by on Sep 24, 2018 in NEWS | 0 comments

Romanian Parliament makes new attempt to exempt state companies from corporate governance

A new legal draft, currently discussed in the committees of the Chamber of Deputies, proposes the exemption of 100 major state-owned companies (SOEs) from the enforcement of corporate governance legislation currently in force, Franklin Templeton, the manager of local Fondul Proprietatea warns, quoted by Romania-Insider.com. The amendments are largely the same as those declared unconstitutional by the Constitutional Court in February 2018. Some of the most valuable Romanian SOEs, operating in vital sectors, are targeted, including:...

read more

Panathinaikos victorious in Cluj

Posted by on Sep 24, 2018 in NEWS | 0 comments

Panathinaikos victorious in Cluj

Panathinaikos defeated U-Banca Transilvania Cluj in a friendly game in Romania 72-79. Xavi Pascual’s squad is getting ready for the start of the season, with one more big tournament ahead in Athens. Keith Langford and Nick Calathes led the winners with 12 points each, while Stephane Lasme followed with 11 points The Greens lacked Nikos Pappas, who did not travel to the Romanian capital with the rest of the...

read more

Romanian bank wants to raise EUR 21.5 mln through capital increase

Posted by on Sep 23, 2018 in NEWS | 0 comments

Romanian bank wants to raise EUR 21.5 mln through capital increase

Romanian lender Patria Bank will carry out a capital increase between September 21 and October 22 aiming to raise RON 100 million (EUR 21.5 million) from its shareholders and qualified investors on the Bucharest Stock Exchange, according to Romania-Insider.com. The operation was approved by the Financial Supervisory Authority (ASF) and will be managed by BRD’s brokerage division. Patria Bank sells its new shares at a price of RON 0.1 per share, which is equal to their nominal value. The bank’s shares were trading yesterday on the Bucharest...

read more

G4Media.ro: Hungary, Russia’s Trojan horse at the heart of Europe

Posted by on Sep 23, 2018 in NEWS | 0 comments

G4Media.ro: Hungary, Russia’s Trojan horse at the heart of Europe

Prime Minister Viktor Orban was in Moscow, and President Janos Ader was blocked on the airport in Budapest after the presidential plane was hit by a catering truck. This is how Hungarian leaders motivated their absence from the summit in Bucharest that brought together 12 states from Central and Eastern Europe, a meeting with great economic and political stakes, according to G4Media.ro. The main issue at stake for the the Summit of the Three Seas Initiative, hosted by the Romanian President at Cotroceni Palace, was building economic and...

read more

Businessman Ion Tiriac says rich sheik is ready to make ”unlimited investments” in Romania

Posted by on Sep 22, 2018 in NEWS | 0 comments

Businessman Ion Tiriac says rich sheik is ready to make ”unlimited investments” in Romania

Former tennis player, businessman Ion Tiriac, has said that one of the richest men in the world, sheik Hamdan bin Zayed bin Sultan Al Nahyan, has promised ”unlimited investments” in Romania, according to RomaniaJournal.ro. Ion Tiriac plans to open a sports university in Romania, with the support coming from the United Arab Emirates, ziare.com reports. “The head of government in Abu Dhabi, sheik Hamdan, was in our country, I wasn’t aware. Given that we know each other for a long time, and I’ve had the honour to be invited by him in...

read more

Romania’s cars sales set to hit 10-year high this year

Posted by on Sep 22, 2018 in NEWS | 0 comments

Romania’s cars sales set to hit 10-year high this year

New cars sales in Romania rose by 22 percent year-on-year in the first eight month of this year, up to 119,093 units, a record high of the last 10 years, according to Automotive Manufacturers and Importers Association (APIA). The number of new cars sales in January-August 2018 is the highest for this period since 2008, when the cars market in Romania was booming, according to Business-Review.eu. In the first eight months of this year, passenger cars’ sales rose by 24.2 percent to 100,354 units, commercial vehicles’ deliveries increased by...

read more

Romanian state-owned power producer will have EUR 800 mln for investments

Posted by on Sep 22, 2018 in NEWS | 0 comments

Romanian state-owned power producer will have EUR 800 mln for investments

Hidroelectrica, the biggest power producer in Romania, controlled by the state, will have an investment budget of over EUR 800 million by 2020 for refurbishing and modernizing the power plants that it currently operates, according to the draft of Romania’s Energy Stategy 2018-2030, launched into public debate, says Romania-Insider.com. Another EUR 2.5 billion will be invested by 2030 in completing new hydro power facilities in Romania, which would lead to an increase in the country’s installed hydro power capacities from 6,741 MW to 7,490...

read more

Monuments Release “Mirror Image” Lyric Video from Phronesis

Posted by on Sep 22, 2018 in NEWS | 0 comments

Monuments Release “Mirror Image” Lyric Video from Phronesis

The transcontinental progressive metal band Monuments have just released the lyric video for “Mirror Image“, which is the third track taken from their forthcoming album, Phronesis. Phronesis is scheduled for release on October 5th via Century Media Records, according to VentsMagazine.com.     Monuments are set to embark on a full European tour in support of their forthcoming release and will be joined by special guests Volaas and Kadinja. VIP tickets are available for purchase...

read more

Romania’s ruling party leader manages to keep his seat

Posted by on Sep 21, 2018 in NEWS | 0 comments

Romania’s ruling party leader manages to keep his seat

The leader of Romania’s ruling party – the Social Democratic Party (PSD) -, Liviu Dragnea, emerged victorious once again after his most difficult battle so far with the opposition within the party, according to Romania-Insider.com. PSD’s Executive Committee voted on Friday evening to keep Dragnea as their leader. Only 8 CEx members voted against Dragnea while 60 supported him, according to political sources quoted by Hotnews.ro. The eight PSD leaders who voted for Dragnea’s resignation were Bucharest mayor Gabriela Firea, deputy...

read more

Farmec’s Gerovital store network recorded RON 13 million in turnover in the two years

Posted by on Sep 21, 2018 in NEWS | 0 comments

Farmec’s Gerovital store network recorded RON 13 million in turnover in the two years

Farmec, the largest cosmetics manufacturer in Romania, announces that the network of 16 Gerovital brand stores registered a turnover of more than RON 13 million, 2 years after its establishment. Since the beginning of 2018, there have been 3 national inaugurations, Gerovital’s network of stores reaching 16 units since the opening of the first store in Romania in September 2016, according to Business-Review.eu. Gerovital stores have a national coverage, being present in 12 cities in the country, the first one being inaugurated in September...

read more