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PRIMER: Current clawback mechanism jeopardizes patients’ access to drugs produced in Romania

Pharma July 21, 2017 16:19 0 comments

The clawback tax, applied to the manufacturers of pharmaceuticals from Romania, doubled in the last 2 years and represents a double taxation system that jeopardizes patients’ access to drugs produced in Romania and the future…more »

Romania’s anti-fraud head fired and replaced by Daniel Mihai Tudor

Legal July 21, 2017 16:14 0 comments

The Anti-fraud Direction head within ANAF, Marin Marius Florea, was fired and replaced by Daniel Mihai Tudor, according to the decision of PM Mihai Tudose, published in the Official Gazette. Tudor was previously vice executive…more »

otp bank

Reuters: OTP to acquire Banca Romaneasca from National Bank of Greece

Banking July 21, 2017 15:27 0 comments

Hungarian banking group OTP reached a deal to acquire the Romanian subsidiary of National Bank of Greece (NBG), Banca Romaneasca, reported Reuters, citing sources close to the deal. This month, Leonidas Fragiadakis, the general director…more »

Orbis Hotel Group rejects Continental Hotels takeover media reports

Hotels July 21, 2017 15:07 0 comments

Orbis Hotel Group, which manages several hotels in Romania, rejects reports published in the media about a potential takeover of Continental Hotels. The company says there is no negotiation process in progress and no business…more »

Toyota Hybrid and Lexus record 88 pct of the overall green cars deliveries in Romania in H1

Auto July 21, 2017 11:48 0 comments

In the first semester of this year the green cars segment of Romania tripled. The result is mainly due to the sales of hybrid cars under the Toyota and Lexus brands, representing 88 percent of…more »

Interview. Business strategist Onika Simon, on honestly disruptive strategy

Media & Marketing July 21, 2017 10:16 0 comments BR Exclusive

Considered an unorthodox strategist, Onika Simon has been directing how global brands and businesses evolve for over 15 years. With experience in the UK, USA and Germany, Onika is currently running her own business, Spokehub.…more »

Romania’s road freight market up 13 pct to over RON 34 bln in 2015

Auto July 21, 2017 10:13 0 comments

Firms in the road freight transport sector reported a combined turnover of RON 34.28 billion in 2015, up 13 percent to the previous year, according to a study by Coface, based on the financial statements…more »

The 5 most beautiful roads in the Romanian mountains

News July 21, 2017 07:30 0 comments

Romanian mountains are best discovered on foot. But if you plan on traveling on the roads that cross them, you will encounter some of the most beautiful roads in Romania. Check our list of 5…more »

M&A alert. Monza hospital to take over the Cardoscan center from Constanta

Healthcare July 20, 2017 15:27 0 comments

Monza hospital, an important cardiovascular and intervention cardiology hospital, part of the group “Policlinico di Monza” from Italy, will take over the Cardoscan center from Constanta. “We are glad to offer the necessary treatments in…more »

Number of companies with foreign capital up by 9.3 pct in first semester

News July 20, 2017 13:59 0 comments

The number of companies with foreign capital created in the first semester of 2017 went up by 9.34 percent year-on-year, to 2,938, data released by the National Trade Registry Office (ONRC) shows. The 2,948 new…more »

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