Romania had a retail area of 3.56 million sqm at the end of June. It was among the last countries in Europe based on the commercial space density per one thousand inhabitants, with 104 sqm, according to a survey by C&W Echinox. Shopping centers accounted for 57% of the total commercial area, with 2.05 million The post Romania, among the last in EU for density of retail spaces appeared first on Romania Insider .
Lensa.ro, a Romanian start-up specialized in contact lenses, sunglasses and eyeglasses, which started with a EUR 500 investment in 2013, has exceeded the threshold of 1 EUR million in sales this year. “We started the Lensa.ro business in 2013, with EUR 500, in an apartment. We have benefited greatly from the expansion of e-commerce in The post Romanian startup exceeds EUR 1 mln turnover appeared first on Romania Insider .
Local bank Patria Bank, which resulted from the merger of Banca Comercială Carpatica and Patria Bank, recorded a cumulated net loss of RON 26.3 million (EUR 5.6 million) in the first nine months of this year, similar to the same period last year. The institution went through a mixed period in which the two banks The post Patria Bank records EUR 5.6 mln loss in Romania appeared first on Romania Insider .
Romania is the country with the lowest level of financial intermediation in the European Union, with banking assets standing at some 50% of the GDP, Eugen Radulescu, director within Romania’s National Bank (BNR), said yesterday. The EU average exceeds 200%. Bulgaria is second to last, with 98%, followed by Poland, with around 100%. Financial intermediation The post Romania, last in EU for financial intermediation appeared first on Romania Insider .
Two Romanians are now being investigated by the Police after trying to enter the country with more than 1,000 tablets of ecstasy hidden in a truck. On November 15, police officers of the Bistrita-Nasaud Organized Crime Service and prosecutors from the Anti-Organized Crime Directorate DIICOT identified at the Petea border crossing point the truck in The post Two Romanians try to cross the border with 1,000 tablets of ecstasy appeared first on Romania Insider .
The fourth edition of the Romanian Film Festival in Seattle takes place between November 17 and November 19 at the SIFF Cinema Uptown. The festival will screen Romanian productions such as Two Lottery Tickets, directed by Paul Negoescu; The Rest is Silence, directed by Nae Caranfil; Sieranevada, directed by Cristi Puiu; Breaking News, directed by The post Seattle hosts Romanian film festival this weekend appeared first on Romania Insider .