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Eurostat: Romania posts third largest budget deficit in the EU last year

Finance April 23, 2018 13:00 0 comments

Romania registered last year a budget deficit of 2.9 percent of Gross Domestic Product (GDP), the third-largest among the 28 European Union member states, after Spain and Portugal, according to Eurostat data released on Monday.…more »

Romania beats Switzerland 3-1 in Fed Cup World Group play-offs

News April 23, 2018 11:54 0 comments

Romania defeated Switzerland 3-1 in Fed Cup's World Group play-offs. The Romanian team, led by WTA World No 1 Simona Halep, won its bid to return to the top tier of the Fed Cup by…more »

Netcity Telecom expands Bucharest’s underground optic fiber network with private financing of over EUR 30 mln

News April 23, 2018 11:13 0 comments

Netcity Telecom has signed on 19 April 2018 an amendment to increase its  EUR 36 million club loan facility with a new facility of EUR 10 million with a syndicate of two banks - the…more »

US Department of State: The DNA continued to investigate and prosecute numerous corruption cases at a steady pace

Legal April 23, 2018 10:33 0 comments

The US Department of State mentions the activity of the National Anticorruption Directorate (DNA) in its Human Rights report for 2017. The institution points that the DNA continued to investigate and prosecute numerous corruption cases…more »

He was the richest Romanian five years ago, but today he can’t pay his bank debts

News April 23, 2018 10:24 0 comments

Banca Transilvania is organising an auction for the Hawker 900 XP luxury aircraft owned by businessman Ioan Niculae, due to the fact that he owes over USD 5 million to the bank. Ioan Niculae founded…more »

World Bank shareholders approve USD 13 bln capital increase, to boost lending to around USD 80 bln

Finance April 23, 2018 09:26 0 comments

Shareholders of the World Bank approved a USD 13 billion paid-in capital increase in a move designed to increase the group’s overall lending to nearly USD 80 billion in fiscal 2019. The international financial institution…more »

Interview. Radu Florescu (Centrade | Cheil): The engine of growth is still very much centered on digital

Media & Marketing April 22, 2018 18:46 0 comments BR Exclusive

A pioneer of the Romanian advertising industry, Radu Florescu, the CEO of South-East Europe Centrade | Cheil, talked with Business Review about the agency’s presence in Romania, the state of the local advertising industry and…more »

Interview. Svetlana Bulacu (Propaganda): “Both local and international clients are willing to spend and brave enough to dare more than the usual stuff”

Interviews April 22, 2018 10:27 0 comments

With more than 20 years’ worth of experience in the marcomm industry, both in agencies and on the clients’ side, Svetlana Bulacu, managing partner of Propaganda agency, spoke with BR about the company’s results from…more »

Interview. Ioana Proca (Storience): “Brands will become more socially responsible, in more relevant ways”

Media & Marketing April 21, 2018 10:16 0 comments BR Exclusive

With more than 13 years’ worth of experience in advertising and branding at important agencies such as Green Pixel, Proximity and Arsenoaiei & Matasel, Ioana Proca is brand consultant & partner Storience. She talked with…more »

Are you paying too much in taxes? See the lists of corporate and personal income tax by country

Finance April 21, 2018 08:00 0 comments

"In this world nothing can be said to be certain, except death and taxes," according to Benjamin Franklin. But it is certain that some in the world are paying more taxes than others. And to…more »