News - Business Review


So close, yet so far away: Romania gallops to join the Euro Club in 2024, but moves away from the target with each new fiscal step

Banking March 21, 2018 00:00 0 comments

Romania announced a new target to adopt euro in 2024, after several missed attempts, but during the last year moved away from meeting the convergence criteria due mainly to recent fiscal measures. Experts suggest the country needs a roadmap to become more like the core Europeans before joining the Euro Club. In order to become a member of Eurozone, each…more »

risk of poverty

Is poverty declining in Romania? The number of basic income receivers dropped 12 pct last year, but experts don’t see less poverty

Human Resources March 20, 2018 13:26 0 comments

The number of Romanians receiving guaranteed minimum income dropped 12 percent in January year on year, to 219,719, as rapid…more »

Bucharest’s Sun Plaza to open after remodelling works

Commercial March 21, 2018 17:29 0 comments

Sun Plaza shopping mall in Bucharest will reopen tomorrow, March 22 after undergoing remodelling works. The new Sun Plaza offers…more »

S IMMO AG completes remodelling of Sun Plaza following investment of EUR 30 mln

Commercial March 21, 2018 17:10 0 comments

After two years of reconstruction works, S IMMO AG completes the upgrade of Sun Plaza shopping centre in Bucharest and…more »

British consultant reveals connection between Cambridge Analytica and Romanian political party

News March 21, 2018 17:03 0 comments

Rupert Wolfe Murray, a British consultant, says that Cambridge Analytica, through senior official Mark Turnbull, approached him before Romania’s 2016…more »

C&W Echinox: Commercial spaces delivery to go up in 2018 to 200,000 sqm except for Bucharest

News March 21, 2018 16:54 0 comments

The commercial spaces delivery will go up in 2018 to 200,000 sqm, with new projects and expansions scheduled in 10…more »

bucharest district 5

World Bank to advise Bucharest District 5 in enhancing opportunities for investors and citizens

News March 21, 2018 16:39 0 comments

The World Bank office in Romania and the District 5 City Hall in Bucharest have signed a reimbursable advisory service…more »

European Commission wants 3 pct tax on revenues of large tech companies

News March 21, 2018 16:09 0 comments

The European Commission is proposing new rules that will “ensure that digital business activities are taxed in a fair and…more »

Travis Kalanick to be CEO again

News March 21, 2018 16:07 0 comments

Former Uber CEO Travis Kalanick will be CEO again, this time of City Storage Systems, "a holding company focused on…more »

Romania takes decisive step to start building BRUA pipeline

Oil & Gas March 21, 2018 15:59 0 comments

Romania's Ministry of Energy took on Wednesday a decisive step for the Romanian segment of the Bulgaria-Romania-Hungary-Austria (BRUA) major pipeline…more »


Gas imports down 28.7 pct in January 2018; production was 3.7 pct lower

Oil & Gas March 21, 2018 15:23 0 comments

In January 2018, Romania’s gas imports stood at 202,200 tons of oil equivalent (toe), 28.7 percent less than the same…more »