Business - Business Review


Romania’s Chamber of Deputies passes controversial justice laws despite opposition protests

Legal March 20, 2018 15:42 0 comments

The Chamber of Deputies approved on Tuesday the controversial amendments to the justice laws, that were reexamined by MPs following the decisions of the Constitutional Court. The draft bills were approved despite protests from the…more »

Iovu (CEC Bank): One in three SMEs in Romania is unprofitable, 45 pct of these companies have negative own capitals

News March 20, 2018 15:15 0 comments

One in three SMEs in Romania is unprofitable, taking into account that out of the 700,000 companies registered in the Trade Registry, 99.82 percent are SMEs, says Mirela Iovu, vice-president of CEC Bank. “Also, 45…more »

Kazakhstan’s KMG seeks to sell stake in Romanian unit to CEFC by end-June

News March 20, 2018 15:13 0 comments

Kazakhstan's KazMunaiGas has postponed until the end of June 2018 the sale of 51 percent of its Romanian business KMGI to China’s CEFC, the company told Reuters. In December 2016, KMG and CEFC signed an…more »

risk of poverty

Is poverty declining in Romania? The number of basic income receivers dropped 12 pct last year, but experts don’t see less poverty

Human Resources March 20, 2018 13:26 0 comments BR Exclusive

The number of Romanians receiving guaranteed minimum income dropped 12 percent in January year on year, to 219,719, as rapid economic growth creates jobs and reduces unemployment, but low social benefits could be the main…more »

Romanian tourism entrepreneurs to get state-backed loans for development, says official

Tourism March 20, 2018 12:50 0 comments

Alexandru Petrescu, the general director of the National Fund for Loans to SMEs, says that firms in the tourism sector can get loans with up to 80 percent state guarantee through the IMM Investment Romanian…more »

dacia mioveni

Dacia Mioveni plant had higher production of vehicles in first months of 2018 compared to 2017

Auto March 20, 2018 11:27 0 comments

According to the Association of Automobile Constructors in Romania (ACAROM), the output of the Dacia Mioveni plant was 56,666 vehicles in the first two months of 2017. The model with the highest production was Dacia…more »


Key move. Christina Verchere to become the new CEO of OMV Petrom, in May

Oil & Gas March 20, 2018 09:55 0 comments

Christina Verchere will take over the role of president of the Directorate and general executive director (CEO) of OMV Petrom, starting May 1, 2018, replacing Mariana Gheorghe, according to a report by the Bucharest Stock…more »

Romanian journalist Andrei Gheorghe found dead at 56

Media & Marketing March 20, 2018 09:45 0 comments

Andrei Gheorghe, the journalist who had a prolific career in radio and TV, was found dead in his home near Bucharest. He was 56 years old. According to media reports, he suffered a heart attack.…more »

Survey: most Romanians prefer dry, red wines and choose it according to winery

News March 19, 2018 19:29 0 comments

Most Romanians prefer dry and red wines and choose their wine according to the winery, a survey by and shows. According to the survey, dry wines are preferred by 58 percent of respondents,…more »

Deloitte: Executives are optimistic about Industry 4.0 but lack confidence in their organizations’ influence

News March 19, 2018 15:49 0 comments

Senior business executives and government agency leaders from around the world lack confidence in their organizations’ readiness to influence and harness the opportunities offered by the Fourth Industrial Revolution (Industry 4.0), according to a research…more »