author - Business Review

Draft bill for interest cap on mortgage loans gets favorable report in Parliament committee

Banking February 20, 2018 15:38 0 comments

MPs in the budget, economic and legal committees in Parliament have issued a favorable report for a draft bill that aims to cap the interest rate collected by banks on mortgage loans. The draft bill,…more »

cryptocurrencies

Japanese cryptocurrency exchanges plan self-regulation after USD 530 mln digital heist

Online February 20, 2018 14:15 0 comments

Reuters cites sources according to which sixteen Japanese cryptocurrency exchanges will fix plans as early as next week to create a self-regulating body. The exchanges aim to safeguard investors after a USD 530 million digital…more »

Government looks to simplify tax reporting of individuals through Form 600

Finance February 20, 2018 14:01 0 comments

Oana Iacob, state secretary at the Ministry of Finance, says that the government works on a draft bill set to simplify the controversial Form 600 by April 15. This form is used by individuals earning…more »

Bucharest-Stock-Exchange

Anghel: Romania’s capital market survived the biggest correction of US stock markets in 10 years

Stock Exchange February 20, 2018 09:33 0 comments

The president of the Bucharest Stock Exchange (BVB), Lucian Anghel, says that the Romanian capital market resisted the biggest correction of the US stock markets in the last decade. The main index of the BVB,…more »

Dean of the WU Executive Academy: About 13 percent of all our alumni become entrepreneurs

Human Resources February 17, 2018 11:43 0 comments

Executives pursuing an MBA program at WU Executive Academy are exposed to the entrepreneurship scene by talking directly to start-ups and visiting accelerators for early stage firms in a move designed to expand their understanding…more »

How is Austria promoting the blockchain technology: Letting entrepreneurs experiment

Finance February 17, 2018 09:26 0 comments

The Austrian capital Vienna already has applications developed through blockchain, the underlining technology of Bitcoin. Moreover, the state is willing to help start-ups test projects through sandboxes that protect entrepreneurs from a regulatory perspective. Some…more »

Discover the business ideas of Romanian MBA students at WU Executive Academy

Profiles February 15, 2018 18:57 0 comments BR Exclusive

The creation of a co-living space for London and the launch of a fully organic tea product were some of the initiatives presented by Romanian students of the Executive MBA program held by WU Executive…more »

Interview. Joseph Quinlan: “I think Romania should adopt the mindset of the Irish”

Interviews February 15, 2018 09:00 0 comments BR Exclusive

For Joseph Quinlan, an expert in the transatlantic economy and high-profile Wall Street economist/strategist, making the case for investing in Europe has become a full-time job that has taken him to several countries across the…more »

Romania’s PM courts the Chinese for transport and energy investments

News February 14, 2018 15:10 0 comments

PM Viorica Dancila and the Chinese ambassador in Romania, Xu Feihong, stated that the two countries should seek to increase the political dialogue and the economic cooperation, according to a government statement following the meeting…more »

Fondul-Proprietatea

PNSA obtains favorable ruling for Fondul Proprietatea in litigation against Hidroelectrica

Legal February 14, 2018 12:00 0 comments

Fondul Proprietatea (FP), the closed-end fund managed by Franklin Templeton, was able to overturn a decision taken by the shareholders of Hidroelectrica, the state-owned energy producer, regarding the appointment of interim members in the Supervisory…more »

negative inflation

Romania’s inflation rate climbs to 4.3 pct in January 2018, biggest level in close to four years

Finance February 14, 2018 10:14 0 comments

Romania’s inflation rate stood at 4.32 percent in January 2018, as gas prices gained 3.79 percent compared to December, according to the national Institute of Statistics. Compared to January 2017, food prices gained 3.79 percent,…more »

GDP economic growth

Romania’s economy expanded by 7 pct in 2017

Finance February 14, 2018 10:06 0 comments

The Romanian economy grew by 7 percent of GDP in 2017, marking the biggest expansion since 2008, according to flash estimates of the National Institute of Statistics (INS). In the fourth quarter of 2017, the…more »

Analysis. Real estate financing set to remain in cautious mode

Commercial February 14, 2018 10:00 0 comments BR Exclusive

In a market bucking the trend of growing interest rates, Romania’s commercial real estate sector will continue to attract bank financing, and although lenders are venturing into the sector carefully, players claim the positive economic…more »

BVB net consolidated profit soars 89 pct to RON 14.7 mln in 2017 over higher trading, merger with SIBEX

Stock Exchange February 14, 2018 09:50 0 comments

The Bucharest Stock Exchange (BVB), the operator of the local capital market, said its preliminary consolidated net profit for 2017 stood at RON 14.68 million, up 89 percent year-on-year. The result was backed by the…more »

Sanador invests EUR 1 mln in angiography equipment

Healthcare February 14, 2018 09:28 0 comments

Sanador has invested EUR 1 million in an angiography equipment that was installed in a laboratory within its hospital. Up to now, over 200 investigations were carried out with the equipment supplied by Philips. Dr.…more »

M&A alert. Banca Transilvania to offer RON 147 mln for minority stake in Victoriabank

Banking February 14, 2018 09:10 0 comments

Banca Transilvania said it will offer MDL 78.21 per share for taking over a minority stake of 33.23 percent in Victoriabank, the lender based in the Republic of Moldova. “The mandatory public tender offer is…more »

M&A alert. Romanian Tremend takes over US-based web and mobile company 648 Group

IT February 13, 2018 15:17 0 comments

Romanian Tremend, the software engineering supplier for companies in 15 countries, has finalized the acquisition of US-established web and mobile company 648 Group. Tremend already has customers in 14 US states and the acquisition is…more »

INACO: Romania has 0.8 pct of blockchain projects developed across Europe

IT February 13, 2018 14:07 0 comments

The European Commission, the executive arm of the EU, has a financing budget of EUR 340 million for the development of blockchain technology in the next two years, according to the Initiative for Competitiveness (INACO).…more »

ing romania

ING analysts forecast 3M Robor might reach 3.5 pct in 2019

Finance February 13, 2018 13:11 0 comments

Economists at ING Bank Romania estimate that the 3-month Robor index evolution will reflect the potential increases in the key interest rate that might be taken by the National Bank of Romania (BNR) up to…more »

Oil Terminal net profits down 66.9 pct to RON 5 mln in 2017

Oil & Gas February 13, 2018 12:28 0 comments

Oil transport company Oil Terminal recorded a net profit of RON 5.09 million in 2017, down 66.9 percent year-on-year, according to the preliminary financial data published by the Bucharest Stock Exchange (BVB). On investments, the…more »