News - Business Review


housing prices

Warning for the Romanian residential market: If Euro zone prices start “adjustment”, local impact will be quick; “There is a desperate need to build more”

Residential March 23, 2018 18:43 0 comments

The price trends on the residential market in Romania have been strongly dependent on what has been happening on the housing sector in the Euro zone starting 2013 to present, according to Andrei Radulescu, director…more »

Study: Algorithms help to understand digital advertising

IT March 23, 2018 16:56 0 comments

A recent research at Northeastern University, in Boston, of Alan Mislove , who studies algorithms, has shown that Facebook’s software was offering users’ phone numbers to advertisers. He has also found new ways to audit…more »


Iohannis: I will make a decision on removal of DNA chief Kovesi after Easter; right now, Brexit talks are going very well for us

News March 23, 2018 16:51 0 comments

President Klaus Iohannis said today, in Brussels, that he will leave the decision on whether or not the Anti-Corruption Agency (DNA) chief prosecutor Laura Codruta Kovesi should be removed from her role until after Easter,…more »

Virtual personal tourist guide on your phone. A Romanian idea made into a business

Tourism March 23, 2018 15:41 0 comments BR Exclusive

Aiming to change tourism and to support the travel lovers, two Romanians - Alina Ovesea ( project manager and marketing specialist) and Alexandru Paraschiv (IT architect) -  have launched the application Toura, now available in…more »

Young Romanians like to shop on international online stores like Amazon, eBay or AliExpress, study finds

Retail & FMCG March 23, 2018 14:18 0 comments

According to a study by iSense Solutions, over half (59 percent) of young Romanians under 35 years old in urban areas have bought products online, in the last year, from a foreign online store such…more »

Bucharest International Fair of Cars 2018 brings 22 European premieres

Auto March 23, 2018 14:10 0 comments

The Bucharest International Fair of Cars (SIAB) opened this Friday in Bucharest, within the Fair Center Romexpo, after 11 years of absence from the national and international auto market, and brings three European premieres, 16…more »

bank loans

Romania’s bank loans rose 6.1 pct y/y in February, savings up 12.9 pct

Banking March 23, 2018 13:14 0 comments

The bank loans granted to individual and corporate clients in Romania rose 6.1 percent year on year in February, to RON 233.3 billion (EUR 50 billion), and the amount of deposits increased by 12.9 percent,…more »

Florin Dragu (BNR): Home ownership in Romania stands at 96 pct, the biggest in EU; assets quality below EU average

Banking March 23, 2018 12:46 0 comments

The home ownership rate in Romania stands at 96 percent, this being the biggest figure out of all the European Union, according to Florin Dragu, head of the department for the monitorization of systemic risks,…more »

CTPark Bucharest

CTPark Bucharest to become environmentally-friendly with the help of funds from ING and EBRD

Industrial March 23, 2018 12:41 0 comments

ING Bank Romania and the European Bank for Reconstruction and Development (EBRD) have offered funding for CTPark Bucharest industrial park, located on A1 Bucuresti-Pitesti motorway, 2 km away from the capital. The financing package prepared…more »

Loan costs in Romania to grow due to controversial draft bills, warns ARB head Florin Danescu

Banking March 23, 2018 12:04 0 comments

The bank lending costs in Romania will grow due to controversial draft bills that are being discussed in Parliament, including an initiative to cap the interest rates computed by banks and non-banking financial institutions (IFN),…more »