Business - Business Review


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 »

Sennheiser to open factory in Brasov, Romania

News March 19, 2018 13:41 0 comments

German audio company Sennheiser will to open in Brasov, Romania, its fourth factory, after Germany, Ireland and the US. The new production base will provide Sennheiser with flexibility to cover market demand, the company said. …more »

Calipso water posted a turnover increase by over 30 pct in 2017

News March 19, 2018 12:49 0 comments

Calypso water posted a turnover increase year-on-year by over 30 percent in 2017 and delivered 210 million liters of water. The increase took place due to the investments in value of RON 10 million made…more »

M&A alert. American company buys Romanian B2B trade platform, with over 650,000 users

News March 19, 2018 12:13 0 comments

The American merchandise transaction platform SoOum has signed an intention letter to buy, a global trade platform B2B from Romania, according to, launched in 2002, has 655,400 registered members and is operated…more »

"gelu diaconu"

Anti-corruption body calls former tax authority head Gelu Diaconu for hearing

News March 19, 2018 12:05 0 comments

The National Anti-corruption Directorate (DNA) has summoned the former head of the National Agency of Fiscal Administration (ANAF) for hearings in a case relating to Tel Drum. The corruption case relating to Tel Drum, a…more »