As of November 1, the caps on cash transactions involving natural and legal persons have severely decreased in Romania, with a declared purpose of fighting tax evasion.
The vast majority of customers prefer paying by cash as opposed to cards, the owner of a major online construction materials store reported recently in media, and this was just an example.
Cash will not be banned, prime minister Marcel Ciolacu commented on the topic that was high on the public agenda recently, but...
During his working visit to the United States, on May 9, Romanian president Klaus Iohannis met with House of Representatives speaker Mike Johnson in Washington, DC. The two discussed ways to enhance the US-Romania strategic partnership, including in the energy sector, and the assistance package recently approved for Ukraine. "The president of Romania expressed his […]
This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]
VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands, is ready to set the trend of the digital commerce industry in Europe, bringing the most relevant event in the vibrant city of Barcelona. Currently, the ecommerce scenario shows high penetration rates in the main economies. According to a German […]
Carmen Iohannis, the wife of Romanian president Klaus Iohannis, was received on May 9 by the United States First Lady, Jill Biden, who noted that the way Romanians received the Ukrainian refugees fleeing the war was an inspiration. Jill Biden visited Romania in May 2022, and she remembered the visit in her recent encounter with […]
OMV Petrom, the largest integrated energy producer in southeastearn Europe, and Saint-Gobain Romania, part of Saint-Gobain Group, signed an agreement to supply electricity from renewable sources for all Saint-Gobain facilities in Romania. Based on this agreement, OMV Petrom will supply approximately 800 GWh of green energy to 14 Saint-Gobain locations in Romania over the next […]
“The Romanian market has major potential for insurance in general and for life insurance in particular,” says Benjamin Turquin, CEO of BRD Asigurari de Viata and Country Manager for BRD Asigurari, the commercial brand of BRD Asigurari Generale and BRD Asigurari de Viata. With 83% of the money going into non-life insurance and motor insurance […]
