Analysis
Western Romania Developed With Infrastructure Investments, While Govt Overlooked Moldavia
The government’s investments in the road infrastructure in Transylvania and Banat allowed the area to attract investors and develop exports, while Moldavia was ignored. Ziarul Financiar pres...
Coface: Insolvencies Declined 58% In 1Q But Layoffs Increased 24%
The number of insolvencies among Romanian companies dropped 58% on the year in the first quarter, after a 28% decline in 2014, but with a major social and financial impact as layoffs increas...
Press Review - April 29, 2015
Klaus Iohannis, Matteo Renzi Held Talks On Schengen Issue Italy supports the accession of Romania to Schengen Area, according to the conclusions of the talks between President Klaus Iohannis...
GfK: Consumer Budgets Rise But Prioritization Remains Key
The general economic climate favors consumption but consumers will continue to prioritize their spending even though their expenses budgets are higher, according to a study by GfK.
Press Review - April 28, 2015
Former SRI Head George Maior Appointed Romanian Ambassador To Washington Former head of the Romanian Intelligence Service (SRI), George Maior, will be appointed Romanian ambassador to Washin...
Press Review - April 27, 2015
Interbank Fees On Card Payments To Be Cut Fivefold The capping of interbank fees to 0.2% for debit card payments and 0.3% for credit card payments will trigger a higher volume of card transa...
Company Lifespan In Romania: Nine Years, Nine Months And 22 Days
The Romanian economy has seen 2.6 million attempts at starting a business since December 1990. Only 20 businesses established in 1990 are still standing today.
Pharmaceutical Producers Pin Hopes On OTC Drugs And Exports For Growth
The five largest pharmaceutical producers in Romania posted slight growth of merely 2% to 2 billion lei (EUR453 million) on a market that increased by almost 7% in 2014 and are bracing thems...
Press Review - April 24, 2015
Iohannis Calls For Reexamination Of Mandatory Home Insurance Bill President Klaus Iohannis has sent a law amending mandatory home insurance legislation back to Parliament, for reexamination....