The National Bank of Romania (BNR) does not consider that the objective of joining the single currency system is not feasible before fiscal consolidation, BNR governor Mugur Isarescu said on October 1 while speaking in front of lawmakers at the hearings for a new term at top of the central bank.
Increasing taxation is not feasible ahead of the elections but will be a necessary ingredient of the fiscal consolidation, Isarescu stated. Separately, the FDI companies borrowing...
When it comes to saving, Romanians prefer bank deposits, while the level of participation in the capital market is low, according to a research project carried out by Raiffeisen Bank and the Bucharest Academy of Economic Studies. Bank deposits are the main form of savings Romanians resort to. Still, their level is the lowest compared […]
The number of construction permits issued for residential buildings in Bucharest has significantly decreased, with the first nine months of 2024 showing a 45% drop compared to the same period of 2021, according to a recent market report by real estate consultant SVN Romania. In the first three quarters of 2024, only 272 construction permits […]
Beyond Business School, a company founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, announces the final line-up of the CEOs joining its fast-track Executive Program as guest speakers. The CEO Talks sessions feature influential business leaders sharing their experience, insights, and career advice with its executive students. These talks are scheduled...
CFR Călători began operating Romania’s first new electric train, the Alstom Coradia Stream, on Wednesday, November 20, on the Bucharest-Brașov route. The journey departed from Bucharest’s Gara de Nord at 09:30 and was scheduled to arrive in the mountain city of Brașov at noon. “The Coradia Stream model is the first train supplied by the […]
At the end of September 2024, Romania's M&A market recorded transactions totaling USD 1.7 billion, significantly up from the USD 134 million recorded during the same period last year, according to the global M&A market report by Boston Consulting Group (BCG). For 2023, the total transaction value amounted to USD 2 billion. Romania recorded the […]
The Romanian Diversity Chamber of Commerce (RDCC) is organising the fifth edition of Purple Night Romania, an impactful awareness campaign held annually on December 3rd to honour the International Day of Persons with Disabilities. This meaningful initiative calls on private organisations, public institutions, NGOs, and individuals to illuminate their buildings, offices, and public spaces in purple as a visible expression of solidarity […]
