Section: Romania Insider (Romania)
Romania inches up for competitiveness among 63 economies
Romania went up one place in the competitiveness ranking by the International Institute for Management Development (IMD). The country currently ranks 49th out of 63 economies, while its neighbors Hungary and Bulgaria rank 47th and 48th, respectively. Romania fares better than the Slovak Republic, Greece, Croatia and Ukraine. The USA leads the...
Romania goes up in financial complexity index
Accounting and tax compliance has become more complicated in Romania in the last year, according to TMF Group’s Financial Complexity Index 2018. Romania ranks 17th in this year’s ranking, up from 54th in 2017. Accounting and tax compliance in Romania has become even more complex than in Venezuela and Ukraine. Of the countries in the...
Wizz Air includes Romania in USD 2 bln investment plan
Wizz Air, the biggest low-cost airline in Central and Eastern Europe, announced its biggest investment plan ever, aiming to invest over USD 2 billion in developing operations at 11 bases it has in Romania, UK, Austria, Poland, Ukraine, Hungary and Georgia. In the next 17 weeks, the group will add 21 new aircraft to these The post Wizz Air...
EIU: Bucharest, among world’s cheapest cities
Bucharest is the tenth cheapest city in the world, according to the latest edition of the Worldwide Cost of Living survey published by the Economist Intelligence Unit (EIU). The Romanian capital shares the tenth spot with Kiev and New Delhi. The survey, which is published twice a year, compares more than 400 prices across 160 The post EIU:...
Romanian to lead PepsiCo in Europe, Sub-Saharan Africa
Silviu Popovici, the president of the PepsiCo business in Russia, Ukraine and the CIS countries, will take over the group’s operations in Europe and Sub-Saharan Africa (the ESSA area), reports local Ziarul Finanicar. The area includes 65 countries, and the group has in its portfolio brands such as Pepsi, Tropicana and Quaker Oats. Popovici...
New worldwide ransomware attack GoldenEye also affects Romania
Several companies and public institutions in Romania have been affected by a new ransomware attack called GoldenEye, which has also hit many users in Ukraine, Russia, Denmark, and Spain, on Tuesday, according to Romanian antivirus producer Bitdefender, writes local Mediafax. The Ukrainian power distributor, the Kiev airport, several banks, and...
Romania women’s epee team wins bronze at the European Fencing Championships
The Romanian women’s epee team has won the bronze medal at the European Fencing Championships in Tbilisi on Saturday, June 17, after defeating Estonia 45-38. Romania defeated Spain 45-36 in the last 16 round, and Ukraine 44-40 in the quarterfinals. However, the Romanian women’s epee team lost the semifinal match against Russia 41-45....
Romania’s Simona Halep reaches Roland Garros semifinals after comeback against Svitolina
Romanian tennis star Simona Halep, number 4 in the WTA ranking of the best women’s tennis players in the world, reached the semifinals of the French Open for the second time in her career after a spectacular comeback against Ukraine’s Elina Svitolina, this season’s best player. Halep lost the first set 3-6 and was down The post...
Romania ranks 7th at 2017 Eurovision, Portugal wins the contest
Romania ranked seventh in the 2017 Eurovision final organized last weekend in Kyiv, Ukraine, its representatives Ilinca and Alex Florea gathering 282 points with their song Yodel It!. This is Romania’s best ranking in the competition from the success achieved by Paula Seling and Ovi at the 2010 edition in Oslo (third place), and the fourth...
European Gymnastics Championships: Romanian qualifies for the men’s floor and vault finals
Romanian gymnast Marian Dragulescu qualified for the men’s floor and vault finals of the European Gymnastics Championships currently taking place at the Polyvalent Hall in Cluj-Napoca, central Romania. With a score of 14.666 (similar to Ukraine’s Igor Radivilov), Dragulescu ranked first in the vault qualifications. He also managed to...
