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European consortium introduces new era of intelligent databases

Posted by on Nov 20, 2019 in NEWS | 0 comments

European consortium introduces new era of intelligent databases

AIT sets new standards for the interdisciplinary exploration of our digital cultural heritage, says GlobeNewsWire.com. The Open Source platform RECOGITO developed by the AIT Austrian Institute of Technology is setting new standards in online-based cooperation between experts in a wide range of disciplines around the globe. The RECOGITO platform has been developed under the direction of AIT, together with Exeter University, the Open University, the University of London and the Humboldt Institute for Internet and Society, and with funding from...

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BT buys back 329,604 own shares

Posted by on Nov 19, 2019 in NEWS | 0 comments

BT buys back 329,604 own shares

Romania’s Banca Transilvania (BT) [BSE:TLV] said that it has repurchased a total of 329,604 own shares in the period November 11-15 at a weighted average price per share of 2.4623 lei ($0.57/0.51 euro), according to SeeNews.com. Banca Transilvania paid a total of some 812,000 lei for the share repurchases during the review period, the lender said in a bourse filing. In September, Banca Transilvania said it will seek to buy back a total of 15 million of its own shares for up to 60 million lei.The bank will offer to pay a minimum price...

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The Romanian Royal Family promotes the economic interests of Romanian companies abroad

Posted by on Nov 18, 2019 in EN, Homepage | 0 comments

The Romanian Royal Family promotes the economic interests of Romanian companies abroad

Members of the Royal Family of Romania honour a tradition that began since the founding of the Dynasty in 1866. They promote the interests of Romanian companies and from the Republic of Moldova, just like the members of the four royal generations who succeeded the Romanian Throne have done. One of the most effective instruments for promoting the interests of Romanian companies is represented by the economic missions organised under the High Patronage of some members of the Royal Family of Romania. The Kingdom of Jordan, a land of...

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Turnover of EUR 6.2 billion for Romanian software industry

Posted by on Nov 18, 2019 in NEWS | 0 comments

Turnover of EUR 6.2 billion for Romanian software industry

Romania’s software industry is expected to reach a turnover of approximately EUR 6.2 billion this year, up by about 10.4% compared to 2018, when the turnover in this sector reached EUR 5.7 bln, according to estimates by market research company KeysFin. Some 58% of the turnover is generated by firms located in the capital city Bucharest. Foreign investors control 53% of the equity of software companies in Romania, while the share of local investments saw an annual advance of about 5 percentage points to 47% in 2018. Foreign investors in the...

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New Flybe route to link up Newcastle International Airport with Essex and its dozens of destinations

Posted by on Nov 15, 2019 in NEWS | 0 comments

New Flybe route to link up Newcastle International Airport with Essex and its dozens of destinations

A new route will take flight from Newcastle, helping North East travellers link up with Southend and the rising destinations from the Essex hub, says SunderlandEcho.com. Flybe has announced it will launch a service between Newcastle International Airport and London Southend Airport starting from March, with seats on sale from today, Thursday, November 14. More than 6 million seats will go on sale across its summer schedule, with seven other new routes joining the company’s programme of flights, with 104 to be available in its first phase...

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Libra Internet Bank boosts 9-mo profit by 21%

Posted by on Nov 14, 2019 in NEWS | 0 comments

Libra Internet Bank boosts 9-mo profit by 21%

Romania’s Libra Internet Bank said on Wednesday its January-September net profit rose by 21% on the year to 91 million lei ($21 million/19 million euro), according to SeeNews.com. The strong rise was mainly driven by a significant growth of the loan portfolio, the bank said in a press release. Libra Internet Bank’s assets edged up 5% on the year to 5.46 billion lei as at end-September. Loan portfolio increased to 3.96 billion lei in the first nine months, up 22% year-on-year. The bank’s bad loan ratio was 2.21% at the end of...

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Romania’s eMag expects over 500 mln lei (105 mln euro) in Black Friday sales

Posted by on Nov 14, 2019 in NEWS | 0 comments

Romania’s eMag expects over 500 mln lei (105 mln euro) in Black Friday sales

Romanian online retailer eMag said it expects to sell over 3.5 million items worth a total of 500 million lei ($116 million/ 105 million euro) to Black Friday shoppers on November 15, according to SeeNews.com. Sales will be supported by a 3 million euro ($3.3 million) investment in servers, hosting and cloud services, eMAG said in a press release. Also, the couriers eMAG has contracts with have invested some 30 million euro in their logistics centers, auto fleet, technology and lockers. Last year eMag booked 460 million lei in Black Friday...

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Republic World: Top Haunted Places In The World That Have The Spookiest Story

Posted by on Nov 13, 2019 in NEWS | 0 comments

Republic World: Top Haunted Places In The World That Have The Spookiest Story

Paranormal activity, ghosts and demons have always been a fascinating subject for people. There are tons of places all over the world where such activities have been reported by the locals and many of them have been warded off from human visitation for their deathly characteristics. Here is a list of the top five haunted places from around the world, according to RepublicWorld.com: Poveglia Island near Venice, Italy Poveglia Island is situated some hours from Venice. It used to be a quarantine zone for people suffering from the plague. In the...

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Roubini sees no imminent risk for Romania’s economy

Posted by on Nov 12, 2019 in NEWS | 0 comments

Roubini sees no imminent risk for Romania’s economy

Romania’s economy is not facing a crisis risk, but “the macroeconomic situation is unbalanced,” American economist Nouriel Roubini said at a Profit.ro conference in Bucharest on November 11,. The Romanian state has oriented most of its expenditures towards consumption and less towards investments in recent years, which has led to an increase of the external deficit, over a budget deficit. The two are worrying, Roubini says, according to Romania-Insider.com. The economist warns that the deficit could double from 3% of GDP, as...

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Presidential elections 2019: Partial results confirm that incumbent president and former PM move to second round

Posted by on Nov 11, 2019 in NEWS | 0 comments

Presidential elections 2019: Partial results confirm that incumbent president and former PM move to second round

Romania’s incumbent president won the first round of the presidential elections on Sunday, November 10, with an overall score of 37.8%, according to partial results after the counting of 99.7% of the ballots. Former prime minister Viorica Dancila, the head of the Social Democratic Party (PSD) came second, with a score of 22.3%. Dan Barna, the leader of Save Romania Union (USR), was third, with 14.9%. Next came actor Mircea Diaconu (independent) – 8.9%, Theodor Paleologu (Popular Movement Party – PMP) – 5.7%, Kelemen...

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