Business - Business Review


Hidden gems of Romania- Cheile Nerei-Beusnita reservation hosts a unique in the world waterfall

Tourism March 21, 2018 13:01 0 comments BR Exclusive

Romania is known for its beautiful wild landscapes and some of its natural reservations. A beautiful area is the reservation Cheile Nerei-Beusnita. Cheile Nerei-Beusnita represents a protected area of national interest in the National Park…more »

Turnover of ING Tech Romania up by nearly 50 pct in 2017 to EUR 28 mln

News March 21, 2018 12:01 0 comments

The turnover of ING Tech Romania, the software development centre of ING Romania, increased by 47 percent in 2017. The centre, which currently employs 500 IT experts, plans to reach 750 staff by 2020. In…more »

"apple iPhone"

Apple to develop own screens for the first time

News March 21, 2018 11:06 0 comments

Apple is reportedly developing its own screens for the first time, using a manufacturing facility near its headquarters in California, Bloomberg reports. Initially, the company is making small numbers of the screens for testing purposes.…more »


 Iohannis, at AmCham’s anniversary: Economic predictability is not just a slogan

News March 21, 2018 10:46 0 comments

President Klaus Iohannis went to the 25th anniversary event for the American Chamber of Commerce in Romania (AmCham), where he said that the performance of the business environment cannot be, for too long, above the…more »

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Searches at BMW in Germany and Austria in diesel emissions tampering investigation

Auto March 21, 2018 10:02 0 comments

BMW branches in Germany and Austria have been searched by authorities as part of an investigation into the possible use of illegal software for the manipulation of polluting emissions of diesel engines. The prosecutor’s office…more »

ANCOM: Fines of over RON 1 mln applied on the electronics market from 2017 until the present

Legal March 20, 2018 17:24 0 comments

The value of the fines applied by the National Authority for Administration and Regulation in Communications (ANCOM) during 2017 and until now, has exceeded RON 1.05 million, most of them registered on the electronic communications…more »

hotel industry

Richest man in Lithuania to build four hotels in Romania

Hotels March 20, 2018 16:02 0 comments

Nerijus Numavicius, the richest person in Lithuania, is investing in a hotel business in Romania together with his brother Vladas and Mindaugas Bagdonavicius, a former shareholder of the Vilniaus Prekyba group, according to The Baltic…more »

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 »