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Severe workforce crisis in the Romanian tourism industry: hotel managers looking to hire foreign workers

Tourism April 20, 2018 08:00 0 comments BR Exclusive

The Romanian seaside will officially start welcoming tourists in the long weekend of May 1, and people are eager to celebrate the arrival of summer at the beach. Each year, however, seaside business owners are…more »

Switzerland maintains the limitation of working migrants from Romania until 2019

Human Resources April 19, 2018 17:25 0 comments

The Federal Council of Switzerland decided to prolong the limitation of workers that can immigrate from Romania and Bulgaria, according to The Council limited the number of possible immigrants at 996 for Romania and…more »

Electricity costs expected to drop in Romania after competition body reveals market rigging deal

News April 19, 2018 16:59 0 comments

Romania’s Competition Council said today that the costs of electricity are expected to drop, as a result of an investigation by the regulatory body, the council’s head Bogdan Chiritoiu said.  According to the competition regulator,…more »

Trade union: Tax evasion in Romania’s bakery products market exceeds 40 percent

Agriculture April 19, 2018 16:21 0 comments

Tax evasion in the Romanian bakery products market exceeds 40 percent, Aurel Popescu, president of Rompan, a Romanian association of milling and bakery companies, said at an international exhibition in Targu Mures, quoted by Agerpres.…more »


Insolvencies and closures of firms grow at alarming rate in Romania

Legal April 19, 2018 16:11 0 comments

The number of companies and sole traders that filed for insolvency in the first quarter of 2018 reached 2,305, up 19.31 percent year-on-year, according to the National Trade Registry Office (ONRC). In the same period,…more »


Deposit per piece of recyclable packaging will be under RON 1, environment minister says

News April 19, 2018 16:11 0 comments

The deposit to be paid for one piece of recyclable packaging will be below RON 1, the Environment Minister Gratiela Gavrilescu announced today. The value proposed by the draft law is RON 2. "Next week,…more »

Romania launches auctions for two more sections of Sibiu-Pitesti motorway despite critics

Constructions April 19, 2018 15:34 0 comments

Romania’s state road company (CNAIR) launched on Thursday the auctions for two more sections of key Sibiu-Pitesti motorway, the missing link between Wallachian and Transylvanian motorway networks, despite critics from infrastructure NGOs, which claim there…more »

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Here are the most popular cryptocurrencies as of April 19

Finance April 19, 2018 14:47 0 comments

The ranking of the most popular cryptocurrencies is led by Bitcoin as of April 19, according to Bitcoin’s market capitalization stood at USD 139.87 billion at a price of USD 8,234 per BTC. Second…more »

Telekom Banking launches new products: consumer and refinancing loans

Banking April 19, 2018 14:34 0 comments

Starting this month, Telekom Banking offer includes two new products dedicated to the Romanian market: consumer loan and refinancing loan, through which customers can borrow up to RON 100,000 for the maximum period of five…more »

Banking with blockchain technology: pilot transactions across borders in EU

Banking April 19, 2018 13:39 0 comments

Batavia, the blockchain-based global trade finance platform that has been developed by a consortium consisting of Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and UBS has successfully completed its first live pilot transaction with…more »