News - Business Review



Romania’s foreign debt up EUR 1.56 bln in Jan-Feb, to EUR 95 bln

Finance April 13, 2018 17:01 0 comments

Romania's total external debt grew by 1.7 percent in the first two months of this year compared with December 2017, to EUR 95 billion, due mainly to rising public debt, National Bank of Romania (BNR)…more »

current account balance

Romania’s current account deficit surged 139 pct to EUR 172 mln in Jan-Feb; FDI down 3 pct to EUR 794 mln

Finance April 13, 2018 16:45 0 comments

Romania's current account balance of payment registered a deficit of EUR 172 million in the first two months of this year, up 139 percent compared with January-February 2017, while the foreign direct investment (FDI) delined…more »

donald trump

Trump says US could rejoin TPP if better conditions secured

News April 13, 2018 09:35 0 comments

US president Donald Trump says that the country could get back in the Trans Pacific Partnership trade pact if he gets a better deal than the one negotiated by the Obama administration. “Would only join…more »

Austrian startup claims HD vinyl could reach the market in 2019

News April 12, 2018 12:49 0 comments

Austrian-based startup Rebeat Innovation has received USD 4.8 million in funding as it aims to bring HD vinyl albums in stores as early as 2019. The funding deal was announced by Günter Loibl, the founder…more »

international trade

Bloomberg: US request to stop subsidies for “Made in China 2025” rejected

News April 11, 2018 11:52 0 comments

Beijing has rejected the request of US authorities to stop subsidizing industries related to its “Made in China 2025” initiative, according to Bloomberg, which quotes one person familiar with the discussions. The US had accused…more »

international trade

US budget deficit is on track to reach USD 1 trillion in 2020

News April 10, 2018 11:15 0 comments

The annual deficit of the US will surpass USD 1 trillion in 2020, after it will reach USD 804 billion this year, according to the Congressional Budget Office (CBO). The massive cuts signed by the…more »

Romania’s direct investment abroad slightly up to EUR 736 mln in 2017, but remains the lowest in EU

Country Investment Reviews April 10, 2018 00:00 0 comments BR Exclusive

Romanian investors made total direct investment of EUR 736 million in other countries until the end of 2017, posting a 1.2 percent increase compared to the previous year, National Bank of Romania (BNR) data show.…more »

Romania’s richest man invests EUR 150 million in Sport University in Otopeni. “I’m not going to be the richest man in the cemetery”

Constructions April 05, 2018 16:46 0 comments

The billionaire Ion Tiriac, the richest man in Romania, said in an interview published in the German weekly sports magazine Sport Bild that he will invest EUR 150 million in a Sport University in Otopeni,…more »

Romania’s forex reserves down 1 pct to EUR 34.7 bln in March

Banking April 02, 2018 14:10 0 comments

The foreign exchange reserves of the National Bank of Romania (BNR) stood at EUR 34.726 billion in March, down 1 percent compared to the previous month, according to a BNR press release. The central bank…more »

Bus carrying Israeli tourists involved in Romania’s Slanic salt mine crash

News April 02, 2018 10:47 0 comments

A bus carrying 19 Israeli tourists crashed while descending into the Slanic salt mine, in Romania’s Prahova county. The passengers were lightly injured and were taken to hospital as a precaution.  The bus overturned inside…more »