Romania is at risk of falling into the middle income trap, Sir Suma Chakrabarti, the EBRD president, warned in a speech delivered at the...

Romanian state bank aims to buy private bank’s retail license

Romanian state-owned lender Eximbank, which specializes in financing companies that carry out import and export activities, plans to change its status and turn into...

Local Ferrari representative poaches manager from Porsche Romania

Romanian group Forza Rossa, the exclusive representative of Italian luxury car brand Ferrari in Romania and the region, named Bogdan Militaru as its executive...

Chinese company signs road maintenance contract in Romania

Chinese company Sinohydro Corporation Limited won the contract for repairs and maintenance of the national roads that pass though Romania’s Vrance county for a...

Romania may have to bring cooks from China in 5 years

Restaurants in Romania may have to start paying their cooks wages similar to those in Western Europe to keep them in the country, within...

Foreign tourists spend more money in Romania in first half

Foreign tourists spent about RON 3.07 billion (EUR 660 million) in Romania in the first half of this year, up by 16% compared to...

From Romania to the world: The inspiring story of a local tech startup that...

On a market that is constantly changing, two Romanian entrepreneurs managed to turn their idea into a top tech business and an inspiring story...

Regional policies commissioner says Romania lacks big infrastructure projects

The European Commissioner for Regional Policies, Romanian Corina Cretu, asked Romania’s Transport Ministry to submit mature projects for EU financing, such as the Sibiu-Pitesti...

Two bankers in the race for CEO of Romanian state-owned lender CEC Bank

Bogdan Neacsu, the current vice president in charge of risk at Patria Bank, and Laurentiu Mitrache, who served as CEO of Leumi Bank until...

Local IT group buys former Nokia headquarters in Timisoara

Romanian firm C.I.T Grup, which specializes in reconditioning IT equipment, has bought the former headquarters of Nokia Networks Romania (the former Alcatel Lucent Romania)...

Piraeus Bank Romania changes name after takeover

Local lender Piraeus Bank Romania will change its name into First Bank. The rebranding process will begin at the end of this year and...

From Our Partners

(P) Inspired by Romanian artists’ work, one British School of Bucharest...

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The British School of Bucharest (BSB) is again proving its excellent standards of education by the fabulous results of students in their A-level exams,...

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