Latest News from Romania

Greece's National Bank agrees to sell South African unit

Greece's second-largest lender National Bank (NBG) agreed to sell its entire 99.8 percent stake in its South Africa Bank of Athens (SABA) subsidiary to AFGRI Holdings as part of an EU-approved restructuring plan, the bank said on Tuesday.

Number of Turkish firms in Serbia triples in 2 years

The number of Turkish companies operating in Serbia more than tripled in the last two years thanks to the efforts of business groups in both countries, a trade official has said. 

European Parliament votes to end visa-free travel for Americans

The European Parliament has voted to end visa-free travel for Americans within the EU.

 

It comes after the US failed to agree visa-free travel for citizens of five EU countries – Bulgaria, Croatia, Cyprus, Poland and Romania – as part of a reciprocity agreement. US citizens can normally travel to all countries in the bloc without a visa.

 

Anti-Hungarian Bill Alarms Romanian Rights Activists

Romania's Senate is to discuss a bill that proposes jail terms of six months to three years for people challenging Romania's "constitutional order", prompting civic activists to claim that the ruling Social Democrat Party, PSD, may attempt to limit free speech.

EU lawmakers vote to scrap visa-free travel for Americans to EU

The European Parliament has passed a non-binding resolution calling on Brussels to force Americans to apply for visas before visiting Europe unless Washington adheres to a visa reciprocity policy and stops discriminating against eastern EU citizens.

Syrian businesspeople in Turkey do not want to be treated like 'refugees'

Syrian businesspeople, who have recreated their companies in Turkey since 2012, have complained about being treated like "refugees" by some circles, adding that, although they were happy, it was not easy to do business in the country.

A Syrian businessman, who had to move to Turkey from Aleppo after his factory was bombed out, said he started from zero.

Balkan EU States Reject a 'Multi-Speed' Union

Balkan EU states would prefer more EU integration and common policies and fear that they could be left at the periphery of the European bloc if a more fragmented, multi-speed Europe becomes a reality, politicians and MEPs in Romania, Bulgaria and Croatia have said.

MEPs Want Visas Reimposed on US Citizens

MEPs have called on the European Commission to take reciprocal measures against the US due to ongoing US visa requirements for citizens of Bulgaria, Romania, Croatia, Poland and Cyprus.

European Parliamentarians have urged the Commission to adopt the necessary legal measures "within two months", the parliament said in a resolution adopted on Thursday.

10 amazing photos for Sony World Photography Awards 2017 (photos)

The Sony World Photography Awards is celebrating its 10th anniversary.
To mark the occasion, more than 277,000 photographs have been submitted from 183 countries around the world.
Suffice to say, those that have made Sony’s coveted shortlist are breathtaking and thought-provoking.

ΟΤΕ fourth quarter core profit falls 1.4 percent

Greece's biggest telecoms operator OTE posted on Thursday a 1.4 percent drop in fourth-quarter core profit, hurt by tough conditions in Greece and Romania.

OTE, the former national monopoly now 40 percent owned and managed by Germany's Deutsche Telekom, has lost market share to smaller rivals in recent years, while Greek tax increases have also hit profits.

Greek retailer Jumbo six-month profit up 12 pct on strong foreign growth

Greece's biggest listed toy retailer, posted on Tuesday a 12 percent rise in net profit for the six months to December last year, thanks to a double-digit percentage growth in Bulgaria and Romania.

Net profit for the six-months came in at 81.4 million euros, up from 72.5 million euros in the year ago period.

Romania Plans to Bolster Army After Budget Hike

Romania's Defence Ministry presented its 2016 activity report under intense scrutiny concerning how it intends to spend its new increased budget.

Defence Minister Daniel Les said Romania's armes forces remained in urgent need of new equipment due to under-funding over several years.

In 2016, Romania bought its first F-16 Fighting Falcon jets, he noted.

Ryanair Announces New Winter Services from Bulgaria

The Irish low-cost airline ''Ryanair'' will implement their summer program for flight also during the winter of 2017, and the tickets are already on sale from a starting price of EUR 9.99 per direction, said the company during their conference in Sofia on Monday.

The reason for their decision is the increase in ticket sales in Bulgaria and the expectation that it will continue.

Bulgarians Celebrate Baba Marta Holiday

Bulgarians are celebrating on Tuesday Baba Marta (Grandma March) holiday, which is observed each year on March 1.

On this day, people greet each other with "Happy Baba Marta" and exchange adornments called "martenitsi" (named after the month of March).

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