News - Business Review


President Iohannis: Questionable fiscal policies of government led to hike in inflation and interest rates

Finance April 24, 2018 09:27 0 comments

President Klaus Iohannis says he will attempt to mediate the conflict between government representatives and officials of the National Bank of Romania (BNR). The head of state also said it was “wrong” to accuse foreign…more »

Andrius Biceika

Andrius Biceika (Revolut), after Romanian launch: We also plan to expand outside Europe to as many countries as possible

Banking April 24, 2018 08:00 0 comments BR Exclusive

Revolut is a service that tends to disrupt the banking system. Specially in the money transfer across countries area where Revolut takes no charges. The service is also free for forex exchange and for withdrawals…more »

Mastercard Romania: By 2020, contactless payments will be the norm

News April 24, 2018 07:00 0 comments

In 2017, Romanians made 100 million contactless payments in Romania, via Mastercard and Maestro cards, representing 60-70 percent of the total payments. At this rate, Mastercard country manager for Romania and Moldova Cosmin Vladimirescu argues,…more »

The Duchess of Cambridge gives birth to a boy, the third child of Prince William

News April 23, 2018 18:37 0 comments

The Duchess of Cambridge has given birth to her third child, a boy. Kensington Palace announced the arrival of the new prince today at 11:00 am (London time). The boy weighs 3.8 kg and both…more »

Individuals can redirect 3.5 percent of their income tax to NGOs but only for those in social services

News April 23, 2018 17:39 0 comments

Romanian individuals will be able to redirect 3.5 percent of their income tax to social causes, mainly non-governmental organizations, according to the Government Ordinance 25/2018. Previous, the percentage was only 2 percent from the income…more »

Euler Hermes: sales of electronic devices sees impressive 15 pct growth in 2017

News April 23, 2018 16:25 0 comments

According to a report released today by Euler Hermes, the sale of electronic devices has seen an impressive year-on-year nominal growth of between 14 and 15 percent in 2017.  The results recorded were similar to…more »


The richest people in the world in 2018, according to Forbes

News April 23, 2018 16:03 0 comments

Who are the richest people in the world? Forbes has put together a list of the 20 wealthiest individuals, whose total net worth was USD 7.67 trillion. Here they are: 20. Jack Ma (53, China)…more »


Vodafone closes in on plan to buy Liberty Global’s German and Eastern European operations

Telecom April 23, 2018 15:00 0 comments

Vodafone may be close to fulfilling plans of taking over Liberty Global’s cable assets in Germany and parts of Eastern Europe, according to the Financial Times. If the deal happens, the transaction could be worth…more »

alternative dispute resolution

How banks and their customers can resolve disputes quickly and avoid the courts through the Centre for Alternative Dispute Resolution in Banking

Banking April 23, 2018 14:47 0 comments BR Exclusive

Banks or non-bank financial institutions and their customers often have disagreements or disputes over certain procedures, fees or other operations, and until recently, these types of issues were very difficult to resolve because it could…more »

Romanian gov’t cuts size of new tourist establishments in the Danube Delta from 1,000 sqm to 200

News April 23, 2018 13:55 0 comments

The Romanian government has reduced the size of new tourist establishments to be set in the Danube Delta from 1,000 square meters to 200. The move was announced by Minister of Tourism Bogdan Trif and…more »