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US Ambassador to Bucharest: No need for punitive approach for Brexit

Wednesday, June 29, 2016


Hans Klemm, the US Ambassador to Bucharest pointed out that from Washington’s point of view there should not be a punitive approach for Brexit. He said on the public TV station that the US were disappointed for the result of the vote on Thursday, but as president Obama said, the will of the British people must be taken into account. Klemm added that the challenge for Great Britain, EU and other UK partners was to draw up a future path, hopefully ...

CEO Raiffeisen Bank Romania: After Brexit Romania has opportunity to attract investors

Wednesday, June 29, 2016

Romania is facing the opportunity to attract foreign investors after Brexit, Steven van Groningen, CEO Raiffeisen Bank Romania declared at ZF Bankers 2016 conference organized by Ziarul Financiar on Tuesday. British investors are uncertain, a situation which could last for 1-2 years. Romania could attract foreign investors but it needs an attractive legislative frame. The opportunity exists but we cannot establish a friendly environment. Instead of ...

EcoMin prepares a study on the impact of the current situation in the UK on the Romanian economy

Wednesday, June 29, 2016


The Ministry of Economy, Trade and Relations with the Business Environment carried out a study on the impact of the current situation in the UK on the Romanian economy and will roll out on July 5 a new country project, Deputy PM and Economy Minister Costin Borc said on Tuesday, attending the conference for the presentation of the project's conclusions, dubbed "Analysis of the ...

OECD project "Analysis of the impact of the legislation in force on key sectors of the Romanian economy"

Wednesday, June 29, 2016


The government of Romania spends huge amounts for constructions, specifically nine billion euro a year, but despite that Romania has the worst roads in the European Union, said on Tuesday Mari Kiviniemi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development ...

Chiritoiu: Legislation changes recommended by OECD could save 434 million euros per year

Wednesday, June 29, 2016

Legislation changes recommended by the Organisation for Economic Co-operation and Development (OECD) could save 434 million euros per year, the equivalent to 0.27 per cent of Romania's gross domestic product, Competition Council (CC) President Bogdan Chiritoiu asserted on ...


Wednesday, June 29, 2016


In industry, trade and services - moderate growth of activity In construction and services - moderate growth tendency in the number of employees Stability of prices in industry, construction and ...

Romanian Post's head Petrescu: We hope to end 2016 in the black

Wednesday, June 29, 2016


The Romanian Post - Posta Romana - has closed 2015 with a rd 30 million lei loss, due to a fine from the Competition Council for anticompetitive actions over 2010-2012, the managing director of the company, Alexandru Petrescu told Agerpres in an interview. As for 2016, Petrescu estimates that the postal operator will close in the black, at about 4 million ...

JETRO wants to attract Romanian IT companies to the Japanese market

Wednesday, June 29, 2016


The Japanese External Trade Organization (JETRO) will present Romanian IT companies various opportunities to expand to the Japanese market in a seminar scheduled for July 1 in Cluj, considered Romania's most dynamic development area in this ...

Kosarom SA Meat Processor Eyes Higher Exports to EU

Wednesday, June 29, 2016


Romanian pork meat processor Kosarom SA is aiming to expand its export sales to the EU to 20 per cent of the company’s total sales to compensate for the relatively low purchasing power of Romanians, according to senior company representatives quoted by thepigsite.com. “It is a tough time [for Romanian meat producers], because the purchasing power in Romania is lower compared to other countries, but we are lucky that we also export our ...

Felix Tataru is officially the president of IAA Global

Wednesday, June 29, 2016


Felix Tataru took over his two years’ mandate as president of IAA Global from Faris Abouhamad, the previous head of the organization, during a special meeting, business-review.eu reports. With this occasion, the IAA Global Board organized elections, so Tataru and his new team will soon present their objectives and strategy for the next two years. “We are very excited to assemble our leadership at such an exciting and ...

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