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Glovo food delivery service expands to Cluj, Iasi, Timisoara

Posted by on Jan 21, 2019 in NEWS | 0 comments

Glovo food delivery service expands to Cluj, Iasi, Timisoara

Glovo, the Spanish app that allows users to order food, but also almost anything, has been operating in Bucharest for seven months and is now preparing to expand to Cluj-Napoca, Timisoara and Iasi, says Romania-Insider.com. About 80,000 burgers were commissioned by the Bucharesters in just seven months since the launch of Glovo in Romania. A total of 300,000 products in eight categories were ordered through the application. People can use Glovo to order food, personal care products, coffee, books from Cărtureşti or “absolutely anything”...

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Libris.ro sold 1.5 million books in 2018; 5 out of 9 bestselling authors are Romanian

Posted by on Jan 21, 2019 in NEWS | 0 comments

Libris.ro sold 1.5 million books in 2018; 5 out of 9 bestselling authors are Romanian

Libris.ro, the largest online bookstore in Romania, sold over 1.5 million books in 2018. Five of the 9 authors of the 10 best-selling books in 2018 are Romanians and Irina Binder is in the top 10 with 2 volumes, according to Business-Review.eu. ‘The stranger next to me’, by Irina Binder, was the bestselling book on Libris.ro in 2018, being the favorite book in 30 of the 42 counties of the country. ‘Insomnia’ by the same author ranks 2nd in the national top, followed by the ‘Little Prince’ by Antoine de Saint Exubery, ‘Medicine,...

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Tax on financial assets has deep impact, top Romanian lender says

Posted by on Jan 21, 2019 in NEWS | 0 comments

Tax on financial assets has deep impact, top Romanian lender says

Romania’s largest lender Banca Transilvania said, in a comment for local financial daily Ziarul Financiar, that the tax on financial assets enacted as of January 2019 is nothing less than a nationalization of banks’ profits that will hinder any bank development plan in the coming period, according to Romania-Insider.com. Banca Transilvania argued that it is a legitimate business, which has provided new funding of RON 7 billion (EUR 1.5 bln) over the last three years to small and medium sized enterprises thus contributing to the...

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Romanian university joins UN’s Sustainable Development Solutions Network

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

Romanian university joins UN’s Sustainable Development Solutions Network

Babeş-Bolyai University (UBB), a public university in western Romania’s Cluj-Napoca, has joined the UN Sustainable Development Solutions Network (SDSN), according to Romania-Insider.com. It is the first university in Romania to be part of the network, which has been operating since 2012 under the auspices of the UN Secretary-General. The network promotes practical solutions for sustainable development, including the implementation of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. The university joined the network...

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Skyharbor announce European tour for March and April

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

Skyharbor announce European tour for March and April

Indian/American prog rockers Skyharbor have announced European tour dates for March and April. The Sunshine Dust tour kicks off in Germany and ends in April with three UK dates in Manchester, Nottingham and London, according to loudersound.com. “We can’t wait for what will be our first time playing in Europe since 2017 with Deftones,” guitarist Keshav Dhar told Prog. “Our international performing career began here and we’re very excited to bring the new album to stages all across the beautiful...

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European Parliament: Member states jeopardising the rule of law will risk losing EU funds

Posted by on Jan 17, 2019 in NEWS | 0 comments

European Parliament: Member states jeopardising the rule of law will risk losing EU funds

Governments interfering with courts or failing to tackle fraud and corruption will risk suspension of EU funds, according to a draft law endorsed by MEPs on Thursday, by 397 votes to 158 and 69 abstentions, says Business-Review.eu. The draft says that the EU Commission, assisted by a panel of independent experts, would be tasked with establishing “generalized deficiencies as regards the rule of law” and decide on measures that could include suspending EU budget payments or reducing pre-financing. The decision needs to be approved by the...

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Dacia car registrations in Europe, up 12% in 2018

Posted by on Jan 17, 2019 in NEWS | 0 comments

Dacia car registrations in Europe, up 12% in 2018

The number of Dacia cars registered in the EU increased by 12% last year to 519,088 units amid weak market, with the brand reaching a market share of 3.4% (up from 3.1% in 2017), according to the Romanian Automobile Manufacturers Association (ACAROM) and the European Automobile Manufacturers Association (ACEA), according to Romania-Insider.com. In December, 39,692 Dacia cars were registered in Europe, down 2.9% compared to the same month in 2017, but the decline was lower than that of the overall EU market (-8.4%). In total, 15.2 million cars...

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Romanian president urges Govt. to correct law on early release

Posted by on Jan 16, 2019 in NEWS | 0 comments

Romanian president urges Govt. to correct law on early release

Romanian president Klaus Iohannis reacted to the recent scandal created around the law on early release, which gives detainees the possibility to get out of prison earlier if they serve their sentences in improper conditions. Klaus Iohannis urged the government to analyze the law’s effects and find solutions to keep people safe, according to Romania-Insider.ro. The law on early release came into force in the autumn of 2017, as a solution to the overcrowded prisons in Romania. The National Administration of Penitentiaries (ANP) said that...

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Romanian PM, under fire in European Parliament on possible amnesty bill

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

Romanian PM, under fire in European Parliament on possible amnesty bill

Romania’s prime minister Viorica Dancila had a tense dialog with the leader of the liberal group (ALDE) in the European Parliament, Guy Verhofstadt, related to the Romanian ruling coalition’s rumored intention to promote an ordinance for amnesty and pardoning. Several other members of the European Parliament said that such an initiative would be unacceptable, according to Romania-Insider.com. The Romanian PM said that such an ordinance does not exist on her cabinet’s agenda and that the Government only wants to protect its people...

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Losses for the stock exchange market deepen with 4 percent drops on main indexes

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

Losses for the stock exchange market deepen with 4 percent drops on main indexes

Bucharest Stock Exchange (BVB) closed a red session following the declaration made by Darius Valcov regarding the “greed tax”. Highest loses for banks listed on BVB, Banca Transilvania and BRD – Societe Generale, down almost 9.5 percent and 7.3 percent, according to Business-Review.eu. The main index BET lost 3.98 percent of the value, down to 6,952 points, the lowest since early 2017. The loses the entire market recorded since December, 2018, after the Government announced new taxes for companies and banks, are sending the shares back...

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