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History: 20 facts about Romania’s last king

Although he lived most of his life in exile, the late King Michael of Romania will always have a special place in the hearts of the Romanian people. He was born in Romania but died far away from his home country, in Switzerland, where he also lived most of his life. Here’s a list of The post History: 20 facts about Romania’s last king appeared first on Romania Insider .

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Royal Palace in Bucharest stays open overnight as thousands want to say goodbye to King Michael

The Royal Palace in Bucharest will remain open on Thursday night as thousands of people are waiting in line to say goodbye to King Michael, Romania’s last sovereign, the Royal House’s press office announced. A long queue was formed around the Royal Palace in Bucharest, on Calea Victoriei, Stirbei Voda Boulevard, all the way to The post Royal Palace in Bucharest stays open overnight as thousands want to say goodbye to King Michael appeared first on Romania Insider .

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Weekend calendar: Made in RO fair, organ concert, new Star Wars movie in cinemas

Events: Christmas Fairs and Markets – in Bucharest, several other Romanian cities. Find a list here Made in RO design fair – December 16-17, at Impact Hub Bucharest. More details here Art Fasion Fair | Christmas Affair – December 16-17, at Beans&Dots in Bucharest. Find out more here The Trees with Clothes charity event – those who The post Weekend calendar: Made in RO fair, organ concert, new Star Wars movie in cinemas appeared first on Romania Insider .

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Anti-corruption protest in central Romania city ongoing three days since start

A sit-in type of protest against corruption has been taking place in Sibiu, a city in central Romania, since Monday, December 11, at noon. The protest is taking place in front of the Sibiu headquarters of the Social Democratic Party (PSD). The protesters have established here a “corruption-free area,” which they say is a way The post Anti-corruption protest in central Romania city ongoing three days since start appeared first on Romania Insider .

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UniCredit grants EUR 7.5 mln for oncology hospital in Cluj

Local lender UniCredit has granted a total financing of EUR 7.5 million for building the Medisprof Cancer Center diagnosis and treatment center in Cluj-Napoca, North-Western Romania, and acquiring equipment. The new oncology hospital will start its activity at the beginning of next year. “We have a total investment of EUR 7.5 million in this project The post UniCredit grants EUR 7.5 mln for oncology hospital in Cluj appeared first on Romania Insider .

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Swiss group ABB opens first robotics center in Romania

Swiss manufacturer of electrical and industrial equipment ABB, has opened the first robotics training center in Romania, established through a public-private partnership with the Polytechnic University of Bucharest. The training center will be used by both ABB customers and partners as well as university students. The ABB center is equipped with robots and a wide The post Swiss group ABB opens first robotics center in Romania appeared first on Romania Insider .

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Bucharest City Hall spends EUR 87 mln on shows and concerts

The public institutions organizing shows and concerts received more than RON 403.8 million (some EUR 87 million) from the Bucharest City Hall’s budget in the first 11 months of this year, according to data collected and presented by Geeks for Democracy platform, cited by local Adevarul. Moreover, the Municipality also allocated over RON 160.3 million The post Bucharest City Hall spends EUR 87 mln on shows and concerts appeared first on Romania Insider .

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Survey shows Romanian students, parents think homework is overwhelming

Over 70% of the students and parents answering a survey of the Education Ministry think teachers give too much homework, which is tiring and leads to unrest, concern and stress. The ministry, together with the Institute of Education Sciences, organized a public consultation this November on the role of homework. Some 27,000 parents, 32,700 students, The post Survey shows Romanian students, parents think homework is overwhelming appeared first on Romania Insider .

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B2Holding buys EUR 271 mln bad loans from Raiffeisen Bank Romania

Norwegian debt recovery firm B2Holding has acquired a portfolio of bad loans with a nominal value of EUR 271 million from local lender Raiffeisen Bank Romania. The portfolio includes about 2,500 individual loans, reports local Profit.ro. B2Holding entered the local market last year by acquiring the Bulgarian debt recovery firm Debt Collection Agency (DCA), which The post B2Holding buys EUR 271 mln bad loans from Raiffeisen Bank Romania appeared first on Romania Insider .

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Thousands of orders for wool socks made in Rosia Montana after former PM’s Facebook post

Thousands of people accessed the Made in Rosia Montana online shop on Tuesday, December 12, after a Facebook post of former Romanian prime minister Dacian Ciolos, who recommended the hand knit wool socks made by artisans in Rosia Montana for the cold evening protests in Bucharest. Ciolos reacted after the Swedish Embassy in Bucharest wrote The post Thousands of orders for wool socks made in Rosia Montana after former PM’s Facebook post appeared first on Romania Insider .

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Romanian fined for offensive Facebook posts about gendarmes

The Romanian Gendarmerie fined a man from Bucharest after he posted offensive messages on Facebook, which targeted the gendarmes. In late November, the man wrote a Facebook post in which he insulted the gendarmes present at the National Anticorruption Department (DNA) headquarters when Liviu Dragnea, the leader of the Social Democratic Party (PSD), came to The post Romanian fined for offensive Facebook posts about gendarmes appeared first on Romania Insider .

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Romania provides largest inflow of immigrants to the UK in 2016

The largest inflow of immigrants to the UK in 2016 came from Romania. Approximately 50,000 Romanians settled to the UK in 2016, down from 54,000 in 2015, according to data from the Office for National Statistics (ONS). Romania is followed by China, India, France and Poland as countries providing significant inflows of immigrants. Last year, The post Romania provides largest inflow of immigrants to the UK in 2016 appeared first on Romania Insider .

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Ford sends first two trains with SUVs made in Romania to clients in Germany, UK

American carmaker Ford started delivering the first EcoSport SUVs produced at the plant in Craiova, Romania, with the first cars being sent to clients in Germany and UK. “We already have two trains with about 600 cars that we loaded in the weekend that just ended. We are very pleased that the launch takes place The post Ford sends first two trains with SUVs made in Romania to clients in Germany, UK appeared first on Romania Insider .

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Romanian meat producer Cris-Tim buys insolvent factory

Local meat producer Cris-Tim has acquired the Diavist plant in Prahova, which has been insolvent since 2012. The factory, which first became operational in 2000, has a production capacity of 20 tons of processed meat per day. Cris-Tim has decided to buy it because it estimated its factories in Filipestii de Padure will reach a The post Romanian meat producer Cris-Tim buys insolvent factory appeared first on Romania Insider .

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US investment fund Cerberus buys Radisson hotel in Bucharest

US investment fund Cerberus will acquire the Radisson hotel complex in Bucharest from the Israeli group Elbit Imaging Lt, market sources told Mirsanu.ro. The investment fund Revetas Capital, which owns the Vitantis shopping center in Bucharest, is also involved in the deal. Cerberus is one of the largest private equity managers in the world, which The post US investment fund Cerberus buys Radisson hotel in Bucharest appeared first on Romania Insider .

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Romanian students need funding to travel to NASA programming contest finals

Eight high school students from the western Romania city of Timisoara cannot attend a NASA programming contest in the US because they lack the money for getting there, Mediafax reported. The students, who are enrolled at the Grigore Moisil High school, have made it to the finals of the Zero Robotics International Space Station (ISS) The post Romanian students need funding to travel to NASA programming contest finals appeared first on Romania Insider .

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Over half of Romanians prefer more free time to higher pay

About 55% of Romanians would accept a lower paid job, which offers more free time, according to a survey concluded by Hunters, part of the research firm Unlock Market Research. About 65% of Romanians wish to slow down the alert pace of life. They want to recover the free time and seek to do the The post Over half of Romanians prefer more free time to higher pay appeared first on Romania Insider .

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Romanian manager to lead Coca Cola’s Bottling Investments Group

Timisoara-born Calin Dragan will take over as general manager of Coca-Coca’s bottling division Bottling Investments Group from next year, reports local Profit.ro. Dragan is currently Coca-Cola’s regional director in Southeast Asia and the Middle East. He took over the office in spring. Bottling Investments Group manages the bottling operations for Coca-Cola in 19 markets that The post Romanian manager to lead Coca Cola’s Bottling Investments Group appeared first on Romania Insider .

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Romanian NGO raises EUR 673,000 with Christmas trees festival

This year’s edition of the Christmas Trees Festival charity event, organized by Save the Children Romania NGO, raised EUR 673,700 from auctioning the 30 designer Christmas trees created for the event, from the raffle tickets and from sponsorship. A total of EUR 481,000 were raised from the trees auction, EUR 9,400 from the raffle tickets, The post Romanian NGO raises EUR 673,000 with Christmas trees festival appeared first on Romania Insider .

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TUI TravelCenter/Eurolines expects EUR 100 mln turnover this year

TUI Travel Center / Eurolines, the largest Romanian travel agency network with more than 80 offices, will exceed EUR 100 million sales this year, up 30% over the previous year. Exotic destinations such as Thailand, Maldives, Dominican Republic, Mexico, Sri Lanka recorded the biggest increase during this period. Prices have dropped compared to 7-8 years The post TUI TravelCenter/Eurolines expects EUR 100 mln turnover this year appeared first on Romania Insider .

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Large Romanian refinery’s industrial platform auctioned off

The industrial platform of the RAFO Onesti refinery, which re-entered insolvency last fall and has debts of over RON 330 million (EUR 71.2 million), will be put up for sale with an initial starting price of USD 59.5 million, VAT not included. It won’t be sold below the liquidation value of USD 29.7 million, without The post Large Romanian refinery’s industrial platform auctioned off appeared first on Romania Insider .

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How a fluffy Romanian stray dog ends up in London and …in a book

The lesson of this story? Follow your heart and adopt a dog. The Gaudeamus book fair in Bucharest is disheartening for people who have a very specific goal and very little time to achieve it. The place is big, fairly badly organized and it can take a while to find a book launch. Luckily, Arabella The post How a fluffy Romanian stray dog ends up in London and …in a book appeared first on Romania Insider

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Four resorts and tourist areas to join list of Romanian tourist sites of national interest

The Romanian Ministry of Tourism wants to include four new resorts and tourist areas to the list of tourist sites of national interest, namely the localities of Borsa in Maramures county and Dambovicioara in Arges county, and the areas of Mamaia Nord and Pestera-Padina. The information appears in a draft decision put up for public The post Four resorts and tourist areas to join list of Romanian tourist sites of national interest appeared first on Romania Insider .

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Romania, second-to-last in EU for the share of tax revenues in GDP

Romania ranked second-to-last among EU member states for the share of tax revenues in the GDP in 2016, with 26%, according to EU’s statistical office Eurostat. Bulgaria had a share of 29% whereas Ireland ranked last, with a share of 23.8%. France was the country with the highest tax rate in the European Union in The post Romania, second-to-last in EU for the share of tax revenues in GDP appeared first on Romania Insider .

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Multinationals control 60% of the Romanian IT sector

Large foreign investors have reached a share of over 60% of the local software industry, according to a study by local financial consultancy firm KeysFin. By comparison, local small and medium-sized companies (SMEs) had the largest share in the market in 2012. Local SMEs and startups are currently facing severe market conditions. These are caused The post Multinationals control 60% of the Romanian IT sector appeared first on Romania Insider .

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Eurostat: Romania has one of the smallest and oldest commercial aircraft fleets in the EU

Air transport operators in the European Union (EU) had a total of over 6,500 aircraft, used for passengers or freight, in 2015, with Romania having one of the smallest and oldest fleets in the EU, according to the European statistical office Eurostat. The UK was the leading aircraft operator in the EU in 2015, running The post Eurostat: Romania has one of the smallest and oldest commercial aircraft fleets in the EU appeared first on Romania Insider .

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NGO raises EUR 4 mln for first pediatric oncology hospital in Romania

Local Daruieste Viata Association has managed to raise EUR 4 million in donations for the first radiotherapy and pediatric oncology hospital in Romania. The NGO already began the construction of the new hospital, but the EUR 4 million represents only half of the amount needed to complete the project. “Given that the Romanian state hasn’t The post NGO raises EUR 4 mln for first pediatric oncology hospital in Romania appeared first on Romania Insider .

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Romania loses EUR 403 million per year due to counterfeit trade

Romania loses EUR 403 million per year and 27,613 jobs due to counterfeit products, ranking third in Europe, according to a study by the European Union Intellectual Property Office, the former OHIM. Sales of counterfeit clothing, footwear and accessories in the European Union account for almost 10% of the total sales in these sectors in The post Romania loses EUR 403 million per year due to counterfeit trade appeared first on Romania Insider .

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Rewind: Most watched YouTube videos in Romania in 2017

Google has released the list of the most popular YouTube videos in Romania in 2017, which includes videos of YouTube content creators that went viral and the most watched music videos. However, regardless of the type of content, the indisputable star in Romania was Despacito, the famous song by Puerto Rican singer Luis Fonsi featuring Puerto Rican rapper Daddy Yankee. The post Rewind: Most watched YouTube videos in Romania in 2017 appeared first on Romania Insider .

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Healthcare in Romania: lowest per capita spending in the EU, high amenable mortality

The local health care sector is faced with low spending, a shortage of staff and a still high amenable mortality, according to the 2017 State of the Health in the EU. Romania report, published by the European Commission. Romania spent the lowest amount of all member states on healthcare in 2015, only EUR 814 per The post Healthcare in Romania: lowest per capita spending in the EU, high amenable mortality appeared first on Romania Insider .

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Bucharest mayor’s husband threatens with protest against Govt.’s 2018 budget

Florentin Pandele, the mayor of Voluntari and the husband of Bucharest mayor Gabriela Firea, is against the 2018 draft budget adopted by the Government, as he says his town may lose EUR 8 million worth of revenues if this budget passes the Parliament’s vote. The Government approved the draft budget for next year in its The post Bucharest mayor’s husband threatens with protest against Govt.’s 2018 budget appeared first on Romania Insider .

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US ambassador: Russia is trying to undermine Romanians’ trust in EU, NATO

U.S. ambassador to Bucharest Hans Klemm argued that Russia employs subtle tactics in Romania to undermine the population’s trust in the European Union, NATO and in the strategic partnership with the United States, Mediafax reported. “In addition to the cybernetic abuse, Russia has been leading a continuous propaganda and misinformation campaigns in an attempt to The post US ambassador: Russia is trying to undermine Romanians’ trust in EU, NATO appeared first on Romania Insider .

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Weekend calendar: Christmas fairs & markets, Ozosep Fair, movie openings

Events: Christmas Fairs and Markets – in Bucharest, several other Romanian cities. Find a list here National Arts and Crafts Fair – December 8-10, at Romexpo in Bucharest. More details here Ozosep Hungarian Fair – December 9-10, at Verona Garden in Bucharest. Read more about it here Psychoanalysis and Film Festival – December 7-10, at the The post Weekend calendar: Christmas fairs & markets, Ozosep Fair, movie openings appeared first on Romania Insider .

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Price of firewood up 250% in Romania between 2011 and 2017

The price of firewood increased by about 250% in Romania between 2011 and 2017, according to a report presented yesterday by Fordaq Romania, an international online platform dedicated to the wood industry. The average price rose from RON 120 (EUR 26) per cubic meter in 2011 to RON 300 (EUR 65) per cubic meter this The post Price of firewood up 250% in Romania between 2011 and 2017 appeared first on Romania Insider .

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Cluj-Napoca awarded European City of Sport 2018 title

Cluj-Napoca, one of the biggest cities in Romania’s Transylvania region, is one of the 22 cities awarded the European City of Sport 2018 title by ACES Europe, a non-profit association based in Brussels that assigns every year the recognitions of European Capital, City, Community and Town of Sport. Cluj-Napoca received the title on Wednesday, December The post Cluj-Napoca awarded European City of Sport 2018 title appeared first on Romania Insider .

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Report: Half of parents in Romania think hitting children is for their own good

One in two parents think hitting their children is for the kids own good, a survey of World Vision Romania Foundation found. At the same time, only one in ten parents would never hit their children, the same survey learnt. The report, titled Why do we hit children?, focused its analysis on attitudes towards violence The post Report: Half of parents in Romania think hitting children is for their own good appeared first on Romania Insider .

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Romanian Fan Courier sees 13% increase in turnover

Fan Courier, the biggest courier firm on the local market, estimates a turnover of over EUR 131 million this year, up 13.2% over 2016. The firm also expects a 10% increase in its turnover next year. The profit has dropped by 5% this year compared to 2016, due to higher labor costs, rising rents and The post Romanian Fan Courier sees 13% increase in turnover appeared first on Romania Insider .

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Romanian group buys 47% stake in taxi app in Republic of Moldova

Romanian group Neogen acquired a 47% stake in the company managing the iTaxi.md booking app in the Republic of Moldova, Neogen CEO Calin Fusu wrote on his Facebook page. Neogen.biz sold the local taxi app CleverTaxi to German group Daimler at the end of June. “Together with the company’s new management, we hope to increase The post Romanian group buys 47% stake in taxi app in Republic of Moldova appeared first on Romania Insider .

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Interbank rate ROBOR reaches highest level in the last three years in Romania

The 3-month ROBOR (ROBOR 3M), the interest rate at which banks lend to each other in Romania, reached 2.21% (per year) yesterday, the highest level since October 2014, according to Romania’s National Bank (BNR). A higher level was recorded on October 27, 2014, when the 3-month ROBOR amounted to 2.33%. The 6-month ROBOR rose to The post Interbank rate ROBOR reaches highest level in the last three years in Romania appeared first on Romania Insider .

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Proposal: Bucharest’s Victoriei Square to be dedicated to civic manifestations

Opposition party Save Romania Union (USR) wants Victoriei Square, the place where protesters have been gathering this year in the Romanian capital, to officially become a space dedicated to manifestations of the civil society and unions. USR Bucharest will call for an extraordinary meeting of the Bucharest General Council (CGMB), in which the city councilors The post Proposal: Bucharest’s Victoriei Square to be dedicated to civic manifestations appeared first on Romania Insider .

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Single public transport tickets to be reintroduced in Bucharest

Bucharest’s public transport company RATB and subway company Metrorex will issue three types of joint travel tickets, according to a draft normative act of the Transport Ministry. The two companies are to issue a single ticket valid for 60 minutes that will cost RON 5 (EUR 1.07), a ten-trip travel card that will have a The post Single public transport tickets to be reintroduced in Bucharest appeared first on Romania Insider .

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Bucharest may ban Uber, Taxify

Ride-sharing services such as those provided by Uber or Taxify may be banned in the Romanian capital, according to a draft decision that is to be debated in the next meeting of the Bucharest General Council (CGMB). Bucharest mayor Gabriela Firea met on Monday, December 4, with representatives of the Confederation of Authorized Operators and The post Bucharest may ban Uber, Taxify appeared first on Romania Insider .

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St. Petersburg Ballet on Ice in Bucharest with Swan Lake performance

The St. Petersburg State Ballet on Ice will deliver a performance of Tchaikovsky’s Swan Lake in Bucharest on January 15 of next year. The performance is set to take place at Sala Palatului. The Swan Lake premiere at the Balshoi Theatre in Moscow celebrates 140 years in 2017. Most of the skaters of the Sankt The post St. Petersburg Ballet on Ice in Bucharest with Swan Lake performance appeared first on Romania Insider .

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Romanian diaspora could help with tourism promotion

Romania plans to enlist the diaspora as an ambassador for local tourism, according to a 2018 draft budget of the Tourism Ministry, quoted by Mediafax. The ministry is rolling out two programs, one titled The Development of Tourist Products and the other Romania’s Marketing and Tourism Promotion. The first program has a basic budget of The post Romanian diaspora could help with tourism promotion appeared first on Romania Insider .

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Bucharest mayor has “no hidden thoughts” of running for president

Bucharest mayor Gabriela Firea says she doesn’t have any “hidden thoughts” of running for president of Romania or for the Social Democratic Party’s top spot, should such an opportunity arise. She claims that false information has been spread about her and that those who know her perceive her as “an extremely serious” person. “I don’t The post Bucharest mayor has “no hidden thoughts” of running for president appeared first on Romania Insider .

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Telekom sells three buildings in Bucharest with over EUR 5 mln

Telekom Romania Communications, the former Romtelecom, has sold three buildings in Bucharest with a total price of EUR 5.5 million, as part of its program to capitalize on its real estate assets. The first property is located in the Dorobanti area, near the I.L. Caragiale high school, reports local Profit.ro. The three-floor building was built The post Telekom sells three buildings in Bucharest with over EUR 5 mln appeared first on Romania Insider .

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French group Saint-Gobain reopens production line in Ploiesti

French construction materials producer Saint-Gobain will reopen its production line at the Isover factory in Ploiesti in July next year after rebuilding the furnace. The company announced in January 2016 that it would cease the activity at this factory because of the economic crisis’ effects. It also fired 42 people. The plant was producing glass The post French group Saint-Gobain reopens production line in Ploiesti appeared first on Romania Insider .

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2018 budget: Romania’s Govt. plans to increase spending by 12% next year

The total state expenses in Romania should increase by 11.6% next year compared to the level estimated for this year while revenues are also expected to increase by some 12%. The budget deficit should thus remain just under 3% of the GDP, the same as this year. Romania’s Governments estimates that the budget revenues will The post 2018 budget: Romania’s Govt. plans to increase spending by 12% next year appeared first on Romania Insider .

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Protesters regain Victoriei Square after Bucharest City Hall decides to move planned Christmas Fair

The Bucharest City Hall has decided to move to another location the Christmas Fair it was planning to organize in Victoriei Square. The announcement from Bucharest Mayor Gabriela Vranceanu Firea comes after altercations between groups of protesters and those who were putting together the Christmas Fair. The Victoriei Square, where the Romanian Government is located, The post Protesters regain Victoriei Square after Bucharest City Hall decides to move planned Christmas Fair appeared first on Romania Insider .

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Romanian statesmen continue feud on National Day

Despite calls to unity, the top politicians in Romania continued their feud on the National Day as the country celebrated 99 years since the Great Union and stepped into the year of the Centennial. President Klaus Iohannis said that some local politicians come up with fictitious scenarios about “a different kind of state” as they The post Romanian statesmen continue feud on National Day appeared first on Romania Insider .

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Deadly avalanches on Romania’s National Day

Two avalanches took place on Friday, December 1, on Romania’s National Day. A man lost his life in one of them while two men were missing in the second one, according to local Mediafax reports. The first avalanche took place on Carja Peak in Parang Mountains, in central Romania. Three men were caught in this The post Deadly avalanches on Romania’s National Day appeared first on Romania Insider .

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Building hosting Romanian workers burns down in German town

Over 30 people were taken to the hospital after a building that hosted Romanian workers, among others, burned down in the German town of Bergkamen, on Friday, December 1. None of the victims’ lives were in danger, according to Romania’s General Consulate in Bonn. Some 45 people were living in the affected building, many of The post Building hosting Romanian workers burns down in German town appeared first on Romania Insider .

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Romania’s best-known IT brand valued at USD 600 mln after transaction

London-based private equity fund Vitruvian Partners has bought a 30% stake in Romanian cybersecurity group Bitdefender from local investment fund Axxess Capital. The deal has set a valuation of USD 600 million for the Romanian IT group, which serves over 500 million clients worldwide. Vitruvian Partners thus became the second-biggest shareholder in Bitdefender. Romanian entrepreneurs The post Romania’s best-known IT brand valued at USD 600 mln after transaction appeared first on Romania Insider .

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100 Places to See in Romania

Romania has plenty to offer to any kind of traveler. Nature and wildlife, rich history and traditions, beautiful cities full of history, food and wine, man-made landmarks, spectacular roads, just to name a few. Some of them are better known, others, far from the beaten path. Here’s a selection of 100 such places to see The post 100 Places to See in Romania appeared first on Romania Insider .

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100 Places to See in Romania: Well-known and less-known

This article is part of a series of stories divided by main categories, meant to celebrate Romania and its richness. Check a list of all the articles in this series here. Some of these places are one-of-a-kind for Romania, and even the wider region. 93. The Clock Museum The Nicolae Simache Clock Museum in Ploiesti The post 100 Places to See in Romania: Well-known and less-known appeared first on Romania Insider .

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100 Places to See in Romania: In the footsteps of…

This article is part of a series of stories divided by main categories, meant to celebrate Romania and its richness. Check a list of all the articles in this series here. In the case of some places in Romania, the association with various personalities has brought an increased number of visitors. 87.

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100 Places to See in Romania: Spectacular roads

This article is part of a series of stories divided by main categories, meant to celebrate Romania and its richness. Check a list of all the articles in this series here. Taking the saying “It’s the journey not the destination” literally, here are some local road and railroad routes of spectacular views. 84. The Transfagarasan The post 100 Places to See in Romania: Spectacular roads appeared first on Romania Insider .

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100 Places to See in Romania: Seasonal destinations

This article is part of a series of stories divided by main categories, meant to celebrate Romania and its richness. Check a list of all the articles in this series here. Flower reservations to be seen in spring, cycling through mountain routes in summer, picking close to Bucharest: there’s a place for each season. 72. The post 100 Places to See in Romania: Seasonal destinations appeared first on Romania Insider

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Three-century old academy ruins found downtown Romanian capital

Recent archaeological work at the Bucharest University has unearthed the ruins of a superior learning academy from three centuries ago. Archaeologists dug up in the university yard downtown Romanian capital Bucharest and found ruins of walls from the Royal Academy Saint Sava, created by Romanian ruler Constantin Brancoveanu back in 1694, according to a release The post Three-century old academy ruins found downtown Romanian capital appeared first on Romania Insider .

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Romanian to manage the four Ibis hotels in Romania

Calin Ile, the director of the Ibis Gara de Nord hotel, has taken over the management of the four Ibis hotels in Romania, after the term of the former manager Ioan David, who is French-Romanian, ended in September, reports Profit.ro. Calin Ile is now in charge of two Ibis hotels in Bucharest, located near the The post Romanian to manage the four Ibis hotels in Romania appeared first on Romania Insider .

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Cluj will have a metropolitan belt until 2023

Cluj-Napoca City Hall will pay EUR 4-5 million for the feasibility study on the city’s future metropolitan belt, which could be inaugurated by 2023, Cluj-Napoca mayor Emil Boc said, reports Monitorulcj.ro. “We succeeded in unlocking the project of the Cluj metropolitan belt,” Boc added. The municipality has received the approval of the National Highways Company The post Cluj will have a metropolitan belt until 2023 appeared first on Romania Insider .

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Number of building permits for residential buildings up 6% in Romania

The number of building permits for residential buildings in Romania increased by 6.1% in the first ten months of this year compared to the same period last year, to 35,496, according to the National Statistics Institute (INS). Romania’s North-Eastern region saw the highest increase, namely 817 additional building permits. In the Bucharest-Ilfov area, the number The post Number of building permits for residential buildings up 6% in Romania appeared first on Romania Insider .

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Bookstore in western Romania joins international industry network

The independent bookstore La Două Bufnițe, in the western Romania city of Timisoara, has become an associate member of the European and International Bookseller Federation (EIBF), an organization representing national booksellers associations in the European Union and beyond. It is the first bookstore in the country to join the federation, it said. The Timisoara bookstore The post Bookstore in western Romania joins international industry network appeared first on Romania Insider .

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eMAG sees EUR 35 mln sales in Bulgaria, Hungary on Black Friday

The largest Romanian online retailer, eMag, recorded over 3.5 million visits during the Black Friday event organized on November 24 in Bulgaria and Hungary, on its eMAG.bg and eMAG.hu websites. Its customers in Bulgaria and Hungary ordered about 0.5 million products worth over RON 162 million (EUR 35 million). Similar to the trend in Romania, The post eMAG sees EUR 35 mln sales in Bulgaria, Hungary on Black Friday appeared first on Romania Insider .

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National Day mini-break calendar: National Day parade, St. Nicholas fair, concerts

Events: National Day parade – December 1, 11:00, at the Arch of Triumph in Bucharest. Similar parades will also be organized in several cities across the country on this day. December 1 Marathon – December 1, in IOR Park in Bucharest. Find out more here December 1 at Cotroceni Museum – December 1, at the The post National Day mini-break calendar: National Day parade, St. Nicholas fair, concerts appeared first on Romania Insider .

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Ikea opens second store in Romania earlier than initially announced

Swedish furniture and home décor retailer Ikea will open its second store in Romania by the end of next summer, earlier than initially announced. The company previously said the store would be completed by the end of 2018. The investment in the store, which will be located in the Theodor Pallady area, in Eastern Bucharest, The post Ikea opens second store in Romania earlier than initially announced appeared first on Romania Insider .

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Romania to invest EUR 70 mln in scientific park near Magurele laser

The Romanian authorities will build a scientific park near the Magurele laser, representatives of the Ilfov county council (CJ Ilfov) said yesterday, reports local Mediafax. The investment in the scientific park will amount to EUR 70 million. The county council will contribute about EUR 15 million, and the rest will come from the Romanian Government. The post Romania to invest EUR 70 mln in scientific park near Magurele laser appeared first on Romania Insider .

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World Class Romania becomes first tenant of AFI Tech Park

Wellness chain World Class Romania will open a new fitness club in AFI Tech Park, AFI Europe Romania’s most recent business park, which is located near the Parliament building and the JW Marriott hotel in Bucharest. World Class has rented an area of 1,500 sqm in the business park, becoming its first tenant. The fitness The post World Class Romania becomes first tenant of AFI Tech Park appeared first on Romania Insider .

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Opinion poll: Most Romanians trust the firefighters and the Army

The Fire Department, the Army and the schools are the most trusted institutions in Romania, according to a CURS opinion poll carried out in November. More than 80% of the poll’s respondents said they trust the firefighters, while 71% trust the Army, 66% have confidence in the school system, 61% trust the Church, and 59% The post Opinion poll: Most Romanians trust the firefighters and the Army appeared first on Romania Insider .

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Bill: Public procurement below EUR 2,800 to be done without tender in Romania

Public procurement below RON 13,000 (EUR 2,800) will no longer need to be carried out via Romania’s electronic public procurement tender (SEAP). The Government is now preparing a draft law in this regard, EU funds minister Marius Nica said on Friday, reports local Hotnews.ro. For example, authorities will no longer need to organize a tender The post Bill: Public procurement below EUR 2,800 to be done without tender in Romania appeared first on Romania Insider .

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Romanian state-owned gas producer to invest over EUR 136 mln in gas storage facility

Romanian state-owned gas producer Romgaz will invest over EUR 136 million in the gas storage facility in Sarmasel, Mures county, to increase its natural gas storage capacities. The facility will become operational in April 2024. The auction for the feasibility study will take place in February next year. Another EUR 87 million will be invested The post Romanian state-owned gas producer to invest over EUR 136 mln in gas storage facility appeared first on Romania Insider .

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Romania’s forest management company has 60,000 Christmas trees for sale

Romania’s state-owned forest management company Romsilva has around 60,000 Christmas trees for sale this year, similar to 2016. The company has also kept last year’s prices for these trees, which stay between RON 10 and RON 150 (EUR 2- 32). “We certainly don’t provide all the necessary Christmas trees in the market, but we are The post Romania’s forest management company has 60,000 Christmas trees for sale appeared first on Romania Insider .

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Romania to have over 100 shopping centers in 2018

The existing 95 centers and the planned openings will drive the number of shopping centers in Romania to over 100 next year, according to a report of the International Council of Shopping Centers (ICSC), quoted by Economica.net. The first mall opened in Romania, in September 1999, was the Bucuresti Mall. In July 2017, there were The post Romania to have over 100 shopping centers in 2018 appeared first on Romania Insider .

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Romanian actress Cristina Stamate dies at 71

Beloved Romanian actress Cristina Stamate died on Monday morning, November 27, at the Floreasca Hospital in Bucharest. She was 71 years old. She had been hospitalized last Thursday, November 23, in a serious condition. The actress had several health problems, and was admitted to the hospital’s Intensive Care Unit. Two years ago, in 2015, Cristina The post Romanian actress Cristina Stamate dies at 71 appeared first on Romania Insider .

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Romanian aluminum producer signs USD 167 mln credit facility for three years

Romanian aluminum producer Alro Slatina has signed a three-year credit facility worth USD 167 million (EUR 140.7 million) with a syndicate of banks. The deal was managed by Raiffeisen Bank International and Raiffeisen Bank Romania. The financing consortium included OTP Bank Romania, Unicredit Bank, Banca Comerciala Intesa Sanpaolo Romania, Banca Transilvania, Eximbank and Garanti Bank. The post Romanian aluminum producer signs USD 167 mln credit facility for three years appeared first on Romania Insider .

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Danish group invests EUR 50 mln in stone wool plant in Romania

Danish group Rockwool will invest EUR 50 million in a stone wool plant in Romania. The factory will be located on a 30-hectare land plot in the village of Aricestii Rahtivani, near Ploiesti. It will create 150 direct jobs and another 300 indirect jobs for services and logistics, according to the company. This is the The post Danish group invests EUR 50 mln in stone wool plant in Romania appeared first on Romania Insider .

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Over 18,000 Romanian children have both parents working abroad

A total of 18,403 Romanian children had both parents out of the country and working abroad at the end of June of this year, according to data from the National Authority for the Protection of Children’s Rights and Adoption (ANPDCA). Overall, 96,723 children had parents working outside of Romania. Out of the children with both The post Over 18,000 Romanian children have both parents working abroad appeared first on Romania Insider .

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Last week of November brings snow to Romania

The National Meteorological Administration (ANM) has issued two warnings of snow and strong wind, with both of them being available until Tuesday afternoon, November 28. An orange alert of snow covers the mountain areas of Brasov, Covasna, Vrancea, Buzau, Prahova, Dambovita and Arges counties, being valid between Monday, 20:00 and Tuesday, 16:00. ANM forecasts consistent The post Last week of November brings snow to Romania appeared first on Romania Insider .

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Switzerland allocates EUR 1.1 bln to help CEE countries

The Swiss Government has agreed to unlock CHF 1.3 billion (EUR 1.11 billion) to continue helping countries in Central and Eastern Europe, as it has done in the last ten years, AFP reports. The contributions aim to reduce social and economic gaps in Europe, which is in the economic and political interest of Switzerland, according The post Switzerland allocates EUR 1.1 bln to help CEE countries appeared first on Romania Insider .

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Which are the most valuable companies in Romania?

The top ten most valuable companies in Romania have a combined market value of some EUR 23.5 billion, according to this year’s edition of the Top 100 most valuable companies in Romania edited by local business newspaper Ziarul Financiar in partnership with investment firm BT Capital Partners. Last year, the top 10 companies in this The post Which are the most valuable companies in Romania? appeared first on Romania Insider .

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Romanian online book retailer invests EUR 3 mln in new book deposit

Online book retailer Libris.ro will invest EUR 3 million in building and equipping a new book deposit. This will allow the company to increase its delivery capacity. The new book warehouse will cover 5,000 sqm and will become operational in 9-12 months. It will host over 3 million books, as well as other products such The post Romanian online book retailer invests EUR 3 mln in new book deposit appeared first on Romania Insider .

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Romania’s IT market to grow by 9% per year until 2025

The IT industry in Romania could increase by 9% per year until 2025, Smart Alliance president Gabriel Munteanu said yesterday. Smart Alliance is a Bucharest-based innovation technology cluster. “The idea of a collaborative business cluster represents the future. If we don’t work together, we’ll have problems,” he added, reports local Agerpres. The cluster recorded a The post Romania’s IT market to grow by 9% per year until 2025 appeared first on Romania Insider

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Romanian airline Tarom wants to buy 7,000 refrigerator magnets

State-owned airline Tarom, which has recorded significant losses in the last ten years, has launched several ads for direct purchases of magnets, calendars, and notebooks. Tarom wants to buy 7,000 refrigerator magnets through direct acquisitions, reports local Economica.net. Offers can be sent until today (November 24). The company also wants to purchase 1,500 notebooks and The post Romanian airline Tarom wants to buy 7,000 refrigerator magnets appeared first on Romania Insider .

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Romanian court: Anti-Corruption Directorate can investigate Govt. decisions

Romania’s Anti-Corruption Directorate (DNA) can investigate government decisions, the Constitutional Court (CCR) decided yesterday. The court analyzed the request of Senate president Calin Popescu-Tariceanu in the famous Belina case involving former regional development minister Sevil Shhaideh and EU funds minister Rovana Plumb. Tariceanu disputed DNA’s competence to investigate the way the Government decided to transfer The post Romanian court: Anti-Corruption Directorate can investigate Govt. decisions appeared first on Romania Insider .

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Romanian investor searched by police found at Giurgiu border

Local investor Ioan Neculaie, wanted by the local police, was found at the Giurgiu border on Thursday to Friday night when he was trying to cross the border. The former owner of the FC Brasov football club was wanted after the Court of Appeal sentenced him to two years in prison for illegal use of The post Romanian investor searched by police found at Giurgiu border appeared first on Romania Insider .

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Intel opens new R&D software center in Western Romania

US group Intel will open a new R&D software center next month in the Openville office complex, in the Western Romania city of Timisoara. The center will employ around 130 people, but the staff will increase to 200 employees in the next three years. Intel started operations in Timisoara last fall by taking over the The post Intel opens new R&D software center in Western Romania appeared first on Romania Insider .

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Romania to launch program aimed at improving the Romanians’ access to sports

The Romanian Youth and Sports Ministry plans to launch a new program in early-2018 that would improve the Romanians’ access to organized sports. The new program is called Romania in miscare. “The purpose of this program is to improve access to organized sports for all Romanian citizens, regardless of their age, gender or socio-economic profile,” The post Romania to launch program aimed at improving the Romanians’ access to sports appeared first on Romania Insider .

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Study: Over half of Romanians eat dinner in front of the TV

Half of Europeans eat dinner in front of the TV, similar to the Romanian average of 52%, according to an E.ON survey carried out in eight European countries. Italians (68%) and Brits (58%) come first in the top, followed by the Romanians with 52%. They like to watch the news, movies or TV series while The post Study: Over half of Romanians eat dinner in front of the TV appeared first on Romania Insider .

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Romanian Parliament votes Patriot missile purchase from US

Romania’s Chamber of Deputies approved yesterday the draft project for acquiring the first Patriot missile system with 278 positive votes, one negative vote and an abstention. This was the last approval needed to go on with this strategic purchase. Romania will most likely sign the contract with the United States Government by December 1. The The post Romanian Parliament votes Patriot missile purchase from US appeared first on Romania Insider .

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Romania’s Fiscal Code sees 261 amendments this year

Romania’s Fiscal Code has seen 261 amendments this year, while the EU average amounts to 50, according to the National Council for Small and Medium-Sized Companies (CNIPMMR). “The average discussion period with social partners and stakeholders before modifying the legislation with an impact on the economic environment is three years (in the EU – e.n.). The post Romania’s Fiscal Code sees 261 amendments this year appeared first on Romania Insider .

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Romanian Senate passes bill forcing NGOs to reveal all donors

The Romanian Senate has passed a bill changing the operating conditions of public utility non-governmental organizations (NGOs). One of the law’s most important provisions is that NGOs will have to reveal more details about their financing sources, including the names of their donors. The law was passed tacitly, meaning without a debate and vote because The post Romanian Senate passes bill forcing NGOs to reveal all donors appeared first on Romania Insider .

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Prosecutors freeze Romanian SocDem leader’s assets

Romania’s anticorruption prosecutors froze all of Social Democratic Party (PSD) leader Liviu Dragnea’s assets on Tuesday, November 21. Dragnea leads Romania’s governing party and is Chamber of Deputies speaker. The prosecutors’ measure is aimed at preventing the PSD leader from dissipating his assets as he is currently under investigation for abuse of office and EU The post Prosecutors freeze Romanian SocDem leader’s assets appeared first on Romania Insider .

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Parliament committee asks for action on Romania’s chief anticorruption prosecutor

The parliamentary committee looking into a possible fraud in Romania’s 2009 presidential elections asked the justice minister to take action on the country’s chief anticorruption prosecutor after she declined repeatedly to attend the committee’s hearings. Laura Codruta Kovesi, the chief prosecutor of the National Anti-Corruption Directorate (DNA), refused for a fourth time to show up The post Parliament committee asks for action on Romania’s chief anticorruption prosecutor appeared first on Romania Insider .

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Parliament speeds up adoption of Romanian Royal House bill

The Romanian Senate passed a proposal to adopt under an emergency procedure the bill that grants several advantages to Romania’s Royal House. According to the bill, the head of the Royal House will have the same status as former heads of state. The bill also grants the Royal House the right to use the Elisabeta The post Parliament speeds up adoption of Romanian Royal House bill appeared first on Romania Insider .

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World Ski Awards 2017: Which is the best ski resort in Romania?

The 2017 edition of World Ski Awards, the global initiative that recognizes, rewards, and celebrates excellence in ski tourism, took place in Austria last weekend. During the event, Sinaia received the title of Romania’s Best Ski Resort 2017. Nine resorts competed for this title, namely Predeal, Ranca, Straja, Vatra Dornei, Vidra Transalpina, Arena Platos Paltinis, The post World Ski Awards 2017: Which is the best ski resort in Romania? appeared first on Romania Insider .

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Saint Petersburg ballet brings Nutcracker performance to Bucharest

The St. Petersburg Classical Ballet company will deliver a performance of Pyotr Ilyich Tchaikovsky’s The Nutcracker on December 3. The event takes place at Bucharest’s Sala Palatului, starting 20:00. The St. Petersburg Classical Ballet company was set up by Andrei Batalov, a first soloist of the Mariinsky Theatre in Saint Petersburg. The theater, which opened The post Saint Petersburg ballet brings Nutcracker performance to Bucharest appeared first on Romania Insider .

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Bucharest district residents may be forced to sort their waste for recycling

The residents of Bucharest’s District 1 may be forced to separate their waste for recycling, as the mayor said the administration might no longer pick up their trash if they don’t sort it. “The District 1 City Hall pays for that waste, the district’s residents don’t pay to have their garbage picked up. It’s difficult The post Bucharest district residents may be forced to sort their waste for recycling appeared first on Romania Insider .

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Outsourcing service provider Accenture opens seventh center in Romania

Accenture, one of the biggest providers of outsourcing and management consultancy services, will open a new center in Brasov, it’s seventh in Romania, where it will hire 100 people in the next six months. It will initially focus on university graduates who speak German. The center will be inaugurated in December and will be located The post Outsourcing service provider Accenture opens seventh center in Romania appeared first on Romania Insider .

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Logistics firm listed on the Paris bourse enters Romanian market

French service logistics provider ID Logistics, with a turnover of over EUR 1 billion last year, entered the local market by taking over the management of a 60,000 sqm warehouse of the French retailer Carrefour. The warehouse, located in Chiajna, near Bucharest, will employ 400 people. They will receive and store the products and will The post Logistics firm listed on the Paris bourse enters Romanian market appeared first on Romania Insider .

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Turkish group invests almost EUR 10 mln in Bucharest residential project

Turkish real estate developer Anchor Grup, which built the first modern shopping center in Bucharest, Bucuresti Mall, will invest EUR 9.5 million in the Pallady Towers residential project. The project has 200 apartments and is located in Eastern Bucharest, reports Ziarul Financiar. Anchor Grup is in the early stage of selling the project. “The investment The post Turkish group invests almost EUR 10 mln in Bucharest residential project appeared first on Romania Insider .

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