author - Business Review

Expanding IQOS: Philip Morris targets global markets with Romanian investment

News September 19, 2017 16:01 0 comments BR Exclusive

In July, Philip Morris Romania announced it was investing a record EUR 490 million in the conversion of the Otopeni factory, among the group’s top performing cigarette factories, into one fully dedicated to the manufacture…more »

Fitbit launches in Bucharest biggest R&D centre outside the US

News September 14, 2017 20:52 0 comments

Global wearables leader Fitbit opened today its Bucharest R&D center, the most important such centre based outside the US. The Bucharest office will develop complex activities such as management, design and software engineering for all…more »

Oracle to move to Romania its Euro hardware support teams

News September 13, 2017 16:48 0 comments

Oracle will reportedly move to Romania its pan-European hardware support to Romania, The Register reported. The online outlet quoted multiple sources that wish to remain anonymous. According to The Register, the process of winding up…more »

Sibiu to host summit on future of the EU in March 2019

News September 13, 2017 15:06 0 comments

Sibiu is the likely location of an upcoming summit on the future of the European Union, to be held on 30 March 2019. The proposal was announced by EC President Jean-Claude Juncker during his speech…more »

Key move. Michele Abbate becomes director general of ENEL Energie, Enel Energie Muntenia

Power September 13, 2017 14:20 0 comments

The Enel group has appointed Michele Abbate as director general of Enel Energie and Enel Energie Muntenia, the two companies owned by the Enel group in Romania.  Michele Abbate joined the Enel group in 1992…more »

  Workers believe personal skills will remain in demand despite automation

News September 13, 2017 12:45 0 comments

According to a survey by PwC, workers believe that personal skills will remain in demand despite automation. However, most of them are willing to learn new skills in order to adapt to the paradigm shift.…more »

Dolce Sport becomes Telekom Sport

Media & Marketing September 13, 2017 10:31 0 comments

Telekom Sport is the new brand under which Telekom will bring sports events, including live broadcasts, sports news and talk shows. Telekom Sport offers sports enthusiasts a whole package of premium competitions, anytime and anywhere,…more »

ING Romania launches first exclusive digital personal loan

News September 12, 2017 14:01 0 comments

ING launched the first exclusive digital personal loan. The credit, which can be accessed via ING’s Home’Bank platform and is obtained in 15 minutes, is an online version of the service currently offered in the…more »

Horia Velicu (BRD): Very soon, our clients will receive financial advice from a chatbot

News September 12, 2017 09:00 0 comments BR Exclusive

Since the beginning of the year, BRD - Groupe Societe Generale has been developing a chatbot based on Personetics technology, which will operate via Facebook. We talked to Horia Velicu, head of the bank’s innovation…more »

Brot Manufactur opens new store in Tineretului area

News September 11, 2017 17:26 0 comments

German bakery Brot Manufactur has opened its fifth location in Bucharest, in Tineretului area, profit.ro announced. Brot Manufactur is a family business that entered the Romanian market in 2014. The bread makers, who were recruited…more »

Le Bistrot Francais first Romanian restaurant to be included in Relais & Chateaux association

News September 11, 2017 15:55 0 comments

Le Bistrot Francais, located near Bucharest’s Athenaeum, became the first Romanian restaurant to become a member of the Relais & Chateaux association. The restaurant, part of Le Manoir Group, submitted its application in early 2017…more »

"liviu dragnea"

Liviu Dragnea: Name of new defense minister will be announced on Tuesday

News September 11, 2017 13:22 0 comments

The name of the new defense minister will be known on Tuesday, after the extended meeting of the National Permanent Bureau of the Social Democratic Party (PSD). The announcement was made by PSD chairman Liviu…more »

trade deficit

Romania’s trade deficit up by 33.1 pct to over EUR 6.82 bn in first seven months

News September 11, 2017 11:49 0 comments

Romania’s trade deficit increased by 33.1 percent in the first seven months year-on-year, to over EUR 6.824 billion, a statement by the National Institute of Statistics (INS) shows. Between 1 January – 31 July 2017,…more »

"klaus iohannis"

Klaus Iohannis: Many pupils do not have school books

News September 11, 2017 11:10 0 comments

In his speech at the opening of the school year, Romanian president Klaus Iohannis criticized those responsible for the fact that many students in Romania do not have school books. Moreover, he spoke against the…more »

Analysis. Romania poised for quick start, slow adoption of 5G

Telecom September 08, 2017 14:56 0 comments BR Exclusive

Romania was quick to embrace 3G, 4G and 4G+ technologies, and is currently on track to become the first country in South East Europe to hold a 5G spectrum auction. We spoke to telecom industry…more »

Office space in Romania’s secondary cities to reach 1 mln sqm threshold at end-2018

News September 07, 2017 14:46 0 comments

The office space available in Romania’s secondary cities, such as Cluj-Napoca, Timisoara, Iasi and Brasov will reach the 1 million threshold by the end of 2018, a Cushman & Wakefield Echinox survey said. The total…more »

Romanian energy minister proposes resuming talks on hydropower plant with Bulgaria

Power September 07, 2017 09:01 0 comments

Romanian Energy Minister Toma Petcu proposed that talks on the construction of a hydropower plant with Bulgaria be resumed during a meeting with his counterpart Temenuzhka Petkova. The project would benefit both countries, not only…more »

Romanian energy minister proposes resuming talks on hydropower plant with Bulgaria

News September 06, 2017 17:33 0 comments

Romanian Energy Minister Toma Petcu proposed that talks on the construction of a hydropower plant with Bulgaria be resumed during a meeting with his counterpart Temenuzhka Petkova. The project would benefit both countries, not only…more »

DB Global Technology invests EUR 20 mln in technology hub, digital workplace

News September 06, 2017 16:22 0 comments

DB Global Technology, Deutsche Bank’s technology centre in Bucharest, has inaugurated a new research and development hub, a digital workplace floor and a state-of-the-art event venue after an EUR 20 million investment. The new Bucharest…more »

PM Tudose: out of 36 active banks in Romania, 18 do not declare profits

News September 06, 2017 10:08 0 comments

According to Romanian PM Mihai Tudose, out of the 36 banks active in Romania, 18 of them claim they do not make a profit. “Out of the 36 active banks, half are very much in…more »