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US Department of State: The DNA continued to investigate and prosecute numerous corruption cases at a steady pace

Legal April 23, 2018 10:33 0 comments

The US Department of State mentions the activity of the National Anticorruption Directorate (DNA) in its Human Rights report for 2017. The institution points that the DNA continued to investigate and prosecute numerous corruption cases…more »

World Bank shareholders approve USD 13 bln capital increase, to boost lending to around USD 80 bln

Finance April 23, 2018 09:26 0 comments

Shareholders of the World Bank approved a USD 13 billion paid-in capital increase in a move designed to increase the group’s overall lending to nearly USD 80 billion in fiscal 2019. The international financial institution…more »

Fondul-Proprietatea

Fondul Proprietatea exits Conpet

Oil & Gas April 20, 2018 17:24 0 comments

Fondul Proprietatea, the EUR 2.1 billion closed-end fund managed by Franklin Templeton, has sold its minority stake in Conpet, the operator of the oil transport network in Romania. The fund sold over half a million…more »

Romanian president reacts as ruling party heads speaks of moving Israel embassy to Jerusalem

Legal April 20, 2018 13:06 0 comments

President Klaus Iohannis “was not informed or consulted” regarding the potential relocation of the Romanian embassy in Israel from Tel Aviv to Jerusalem, according to a statement of the Presidential Administration. Iohannis’ reaction came hours…more »

BR Exclusive. The story of Salad Box – how Dan Isai put the Romanian brand on three continents; Now he eyes India and Japan

Retail & FMCG April 20, 2018 12:06 0 comments

Salad Box, the Romanian fast-food restaurants chain specialized in salads and fresh food is present on 11 countries from three continents. Right now, you can order a salad in New York, Amsterdam or London in…more »

Study: Romanians want more EU efforts for stability in economy and combat of corruption

Legal April 20, 2018 10:32 0 comments

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the European Committee of the Regions. Romania…more »

insolvency

Insolvencies and closures of firms grow at alarming rate in Romania

Legal April 19, 2018 16:11 0 comments

The number of companies and sole traders that filed for insolvency in the first quarter of 2018 reached 2,305, up 19.31 percent year-on-year, according to the National Trade Registry Office (ONRC). In the same period,…more »

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Here are the most popular cryptocurrencies as of April 19

Finance April 19, 2018 14:47 0 comments

The ranking of the most popular cryptocurrencies is led by Bitcoin as of April 19, according to coinmarketcap.com. Bitcoin’s market capitalization stood at USD 139.87 billion at a price of USD 8,234 per BTC. Second…more »

Romania has six times more Bitcoin ATMs than China. WORLD MAP

Finance April 19, 2018 12:29 0 comments

The United States is home to greatest number of Bitcoin ATMs with 1,645 machines, while Canada is second with 432 ATMs and Austria third with 141. North America controls the ATM market for Bitcoin, which…more »

Romania to pay USD 6.12 mln in first contribution to Asian Infrastructure Investment Bank

Finance April 19, 2018 09:46 0 comments

The Ministry of Finance plans to pay USD 6.12 million as part of Romania’s membership deal with the Asian Infrastructure Investment Bank, according to a draft bill. The memorandum approved in February 2017 states that…more »

cryptocurrencies

Here are the richest people in the cryptocurrencies market

Online April 18, 2018 16:35 0 comments

Currently, there are 19 people in the world that own at least USD 350 million in cryptocurrencies, according to a ranking published by Forbes. The average age of the cryptocurrency’s richest people stands at 42,…more »

ZebraPay rebrands as SelfPay following EUR 350,000 investment

Finance April 18, 2018 15:24 0 comments

ZebraPay, the supplier of self-service payment solutions, rebranded as SelfPay following a EUR 350,000 investment. The rebranding campaign includes the launch of new payment stations. Adrian Badea, CEO of SelfPay, said that the company expects…more »

IMF head comments push Bitcoin above USD 8,000

Finance April 18, 2018 10:29 0 comments

Bitcoin climbed to over USD 8,000 after comments by the managing director of the International Monetary Fund, Christine Lagarde. The price per Bitcoin was last at USD 8,089.92, up 0.5 percent on the day and…more »

Ex-finance minister Sebastian Vladescu, in wider corruption investigation with illegal payments worth EUR 20 mln

Legal April 18, 2018 09:43 0 comments

The National Anticorruption Directorate (DNA) has asked Romanian president Klaus Iohannis to approve the start of prosecution against the former minister of finance, Sebastian Vladescu, who is accused of taking bribes. In the same corruption…more »

Investigators expand prosecution against ex-president Iliescu in Romanian Revolution case

Legal April 17, 2018 14:03 0 comments

Romania’s Prosecutor’s Office decided to expand the prosecution against the former president Ion Iliescu, who is accused of crimes against humanity in the case regarding Romania’s Revolution from December 1989. Prosecutors investigate Iliescu for the…more »

Mitsubishi Electric Europe opens subsidiary in Romania, aims to have over EUR 10 mln in sales in 2018

News April 17, 2018 10:31 0 comments

Mitsubishi Electric Europe has launched its first subsidiary in Romania through Mitsubishi Electric Living Environmental Systems citing the favorable economic conditions and the growth of the local market. Last year, the company recorded sales of…more »

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President Iohannis refuses to dismiss DNA head Kovesi | Minister of justice says decision to be attacked at Constitutional Court

Legal April 16, 2018 18:24 0 comments

President Klaus Iohannis said on Monday evening that he rejected the request of the minister of justice, Tudorel Toader, to dismiss the head of Romania’s main anticorruption institution DNA, Laura Codruta Kovesi. Iohannis said in…more »

Romania’s ruling party expects to rally 1 million people against gay marriage

Legal April 16, 2018 16:08 0 comments

The leadership of the left wing party PSD decided on Monday to stage a major rally, in May, in support for the traditional family. In the same month, Romania should hold a referendum aiming to…more »

PM Dancila rejects resignation rumors after less than 100 days in power

Who’s News April 16, 2018 13:46 0 comments

After 78 days in power, PM Viorica Dancila rejected rumors that emerged in the media about her potential resignation. “That’s out of the question,” said Dancila before a meeting of the leadership of the ruling…more »

rompetrol rafinare

Rompetrol Rafinare plans investments worth USD 56.9 mln in 2018

Oil & Gas April 16, 2018 09:51 0 comments

Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth USD 56.9 million for 2018. The plan will be submitted for approval during the general shareholders’ meeting of the…more »