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Romania’s draft budget for 2017 based on 5.2 pct economic growth estimate

Finance January 23, 2017 11:43 0 comments

Romania’s draft public budget for 2017 is based on a growth estimate of 5.2 percent of GDP this year, above the expectations of economists. In addition, the budget deficit limit for this year is set…more »

Alexandra Iavorschi, managing director of Starcom MediaVest Group

EEFIE 2017 Organization Committee in Romania has been selected

Media & Marketing January 22, 2017 09:00 0 comments

The elections for the EFFIE Romania 2017 Organization Committee took place during the joint IAA Romania – UAPR General Assembly, on January 19.  The new members, who were selected following a secret vote, are tasked…more »

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Romanian-German economic relations thrived in 2016 spurred by legal stability

Business January 22, 2017 08:00 0 comments

Romanian-German economic relations continued to grow in 2016, backed by legal stability, the Romanian-German Chamber of Commerce and Industry said in a press release. Trade between the two countries increased to over EUR 24 billion…more »

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Bucharest Bamboo Club, owned by Italian Joshua Castellano, destroyed by fire

Featured January 21, 2017 09:20 0 comments

The Bucharest-based nightclub Bamboo, which is owned by Italian businessman Joshua Castellano, was destroyed due to a violent fire that erupted on Saturday morning. Around 100-200 people were inside the building at the moment of…more »

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Foreign Minister Melescanu met with US Ambassador Hans Klemm

Featured January 21, 2017 08:00 0 comments

Foreign Minister Teodor Melescanu met with US Ambassador Hans Klemm on Friday at the headquarters of the Ministry of Foreign Affairs. “It was a talk which, from my point of view, started from a very…more »

"mihai marcu medlife"

M&A. MedLife buys operator of eight medical centers in Romania

Business January 20, 2017 15:53 0 comments

Private healthcare services provider MedLife announced on Friday the purchase of a majority stake (80 percent) in medical services company Almina SRL, which operates eight medical centers in Dambovita and Ilfov counties. Almina SRL has…more »

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M&A alert. Euroins Romania buys non-life insurance portfolio of ATE Insurance Romania

Insurance January 20, 2017 15:42 0 comments

Euroins Romania, the insurer which has been in financial recovery since October 2015, has acquired the non-life insurances portfolio of ATE Insurance Romania, a subsidiary of the Greek Piraeus Bank. The agreement was signed on…more »

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Iohannis backs swift withdrawal of controversial draft bills on judiciary

Legal January 20, 2017 15:33 0 comments

The Emergency Ordinance projects regarding the pardon and amendments to the Penal Codes are unacceptable and seem to be made to serve certain interests, warned president Klaus Iohannis, suggesting that the center-left government led by…more »

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New funding opportunity for Romanian SMEs: Loans worth RON 20 mln

Featured January 20, 2017 13:18 0 comments

The SMEs can access loans worth RON 20 million by making investments or for the current activity support through the agreement "SMEs ceiling guarantee” between Banca Romaneasca and EximBank. „The SME clients who develops activity…more »

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Neculai Banea, ex-state secretary with Economy Ministry, appointed IAR SA general director

Airlines January 20, 2017 12:30 0 comments

Neculai Banea was appointed yesterday general director at IAR SA, the aeronautical enterprise of Romania, after he left his position in the Economy Ministry as state secretary, the institution subordinated to the company, according to…more »