author - Business Review

EU leaders approve Pillar of Social Rights for the future of work | Romania’s position in the social scoreboard 2017

Human Resources November 18, 2017 10:20 0 comments

European Union leaders have proclaimed the European Pillar of Social Rights at the Social Summit for fair jobs and growth that took place in Gothenburg, Sweden, on November 17. This initiative, which was first announced…more »

UniCredit names Dan Bucsa as chief economist for CEE

Who’s News November 14, 2017 14:54 0 comments

Dan Bucsa will oversee the research team of UniCredit for the Central and Eastern Europe region as the chief economist starting November 17. Bucsa will replace Lubomir Mitov, who resigned and moved to the US.…more »

Preturi Pentru Tine retailer moves HQ to City Offices

Offices November 14, 2017 12:46 0 comments

PPT Preturi Pentru Tine, the Romanian clothing and footwear retailer, moved to the City Offices office building, part of Globalworth’s portfolio. The company leased 1,700 square meters in a deal that was brokered by real…more »

Romania’s economic growth

Romania’s economic growth accelerates to 8.8 pct in Q3, says INS

Finance November 14, 2017 11:32 0 comments

Romania’s GDP expanded 8.6 percent on gross series in the third quarter of the year compared to the same period of last year, according to a flash estimate by the National Institute of Statistics (INS).…more »

Vodafone Romania records higher revenues in quarter ending September 30

Telecom November 14, 2017 10:53 0 comments

Vodafone Romania recorded service revenues of EUR 186 million in the quarter that ended of September 30 2017, up 4.1 percent versus the same period of last year, while the number of customers gained 4.1…more »

Forte Partners exploring development of mixed-use projects, says Geo Margescu

Residential November 13, 2017 18:39 0 comments BR Exclusive

Geo Margescu, the founder & CEO of Forte Partners, told BR that the developer is exploring new investments in the residential segment. The Romanian developer is currently working on Aviatiei Park, the residential project located…more »

Analysis. Raiffeisen Bank kicks off massive digitalization strategy

Banking November 13, 2017 10:37 0 comments BR Exclusive

Raiffeisen Bank is accelerating its digital transformation and will launch a new version of its banking platform next year, as part of a strategy that runs through to 2020. Bringing people from all departments and…more »

VIDEO. Thousands protest against the Romanian government: “We don’t want to be led by thieves”

Legal November 12, 2017 20:44 0 comments

Several thousand people took to the streets across the main cities of Romania to protest the fiscal changes passed by the government and the decision of the ruling coalition to push controversial amendments to the…more »

River Development kicks off The Light office construction in EUR 33.5 mln investment

Offices November 10, 2017 17:58 0 comments

River Development, part of Romanian SEMA Group, has announced the start of the construction works for The Light office building located in Politehnica area, on the grounds of the former Pumac factory in Bucharest. The…more »

Janssen Romania head sees potential in risk-sharing agreements in local pharma sector

Pharma November 10, 2017 11:58 0 comments

Christian Rodseth, managing director of Janssen Romania, says that risk-sharing agreements for innovative pharmaceuticals can work in Romania, citing the positive experience that the company has had in the British market. “We need to invest…more »

M&A alert. CTP buys Phoenix Logistics Center for around EUR 7 mln

Industrial November 10, 2017 09:42 0 comments

Industrial parks developer CTP has taken over Phoenix Logistics Center (PLC) from Dutch company LSREF3 Alpha Dutch Holdings for EUR 7 million in the second quarter of 2017. Phoenix Logistics Center (PLC) was integrated in…more »

negative inflation

BNR: Romania’s inflation estimate set at 2.7 pct for 2017

Finance November 09, 2017 16:45 0 comments

The governor of the National Bank of Romania (BNR), Mugur Isarescu, says that the central bank has revised upwards Romania’s inflation forecast to 2.7 percent by the end of 2017. For the end of 2018,…more »

SMEs initiative

EC: Romania’s economy to grow by 5.7 pct in 2017 over surging consumption

Finance November 09, 2017 16:29 0 comments

The Romanian economy will grow by 5.7 percent this year, mainly due to the expansion of the private consumption, while the overall economy of the European Union is set to grow by 2.3 percent, according…more »

Romania’s government approves controversial changes to Fiscal Code amid protests

Legal November 08, 2017 16:35 0 comments

The government has approved on Wednesday a raft of controversial changes to the Fiscal Code, despite critics from trade unions and protests held in front of the government building. Around 1,000 people were protesting in…more »

Analysis. Early stage companies looking for financial boost

News November 08, 2017 12:25 0 comments BR Exclusive

While private equity investments have remained flat at EUR 147 million in the past two years to 2016, market players say that entrepreneurs in Romania have a wide array of financing options ranging from European…more »

CFR Calatori

Romania’s passenger trains rack up delays of 12,500 minutes daily

News November 08, 2017 10:34 0 comments

The minister of transports, Felix Stroe, said during a hearing in Parliament that CFR Calatori, the state-owned operator of passenger trains in Romania, registers combined delays of 12,500 minutes daily. Stroe said that 70 percent…more »

Analysis. Romania, in search of strategy model amid accelerated growth

News November 07, 2017 16:58 0 comments BR Exclusive

With GDP growth exceeding 6 percent in the second quarter of 2017, the highest figure across the European Union, Romania’s private sector says the country needs a strategy for the next decade, while policymakers expect…more »

Ex-PM Sorin Grindeanu becomes new ANCOM head

Telecom November 07, 2017 16:30 0 comments

Former PM Sorin Grindeanu was voted by MPs as the new president of telecom watchdog ANCOM. There were 270 votes for his appointment, while 117 MPs opposed it. He was nominated by PM Mihai Tudose…more »

PM Tudose: Shift in social security contributions from employers to employees to be approved on Wednesday

Legal November 07, 2017 16:23 0 comments

PM Mihai Tudose says that during the government’s meeting scheduled for Wednesday, the shift in the payment of social security contributions from employers to employees will be approved through an ordinance. This move will take…more »

Competition Council

Romania’s Competition Council issues EUR 120,000 fine in the car batteries market

Legal November 07, 2017 14:55 0 comments

The Competition Council has issued a fine of around EUR 120,000 for eight companies in the car batteries market (one producer and seven distributors), citing price fixing practices on the reseller segment. The anti-trust watchdog…more »