EC revises downwards economic growth forecast for Romania
16 July 2018 • NewsThe European Commission (EC) has revised downwards its economit growth forecast for Romania, for both 2018 and 2019, according to its Summer 2018 Interim Economic Forecast. Thus, the EC expects Romania’s economy to grow by 4.1% in 2018, down from the 4.5% forecasted in the spring. Moreover, the Commission also revised its forecast for 2019, from 3.9% to 3.8%.
How to register & tax regime of Authorized Natural Persons – PFA in Romania
11 July 2018 • NewsFor those who want to do business in Romania, but don’t want to create a limited liability company (SRL, which stands for Societate cu Raspundere Limitata), the most common method is to register as a PFA (Persoana Fizica Autorizata/Authorized Natural Person, or a Sole Trader). It is much easier and the tax regime is more relaxed than in the case of a company.
Fly Go and TBI Credit launch a digital credit for the purchase of holidays
10 July 2018 • NewsFly Go, one of the largest online travel agencies in Romania, and TBI Bank, part of TBI Bank, have launched an online credit, the first 100% digital financing product available in Romania to buy tourist products and services.
Iconic former US embassy residence could fetch EUR 5,5 million at auction
5 July 2018 • NewsKnown for 70 years as the headquarters of the United States Embassy in Romania, the Maurice Blank palace in Bucharest’s Tudor Arghezi Street no. 9 will be auctioned by Artmark Historical Estate. The starting price is EUR 5,500,000.
Romania pays by far the highest interest rates in the EU, and the situation worsens every month
2 July 2018 • NewsRomania’s government, companies and citizens pay at this moment by far the highest interest rates among the 28 European Union member states, and the interest payment burden worsens every months, official data shows.
SHAPING A NEW ERA OF CAPITAL DEVELOPMENT IN SOUTHEAST EUROPE
26 June 2018 • NewsIn the midst of a new stage of development for Southeast European (SEE) cities, with ever positive prospects, new local & regional capital emerging and large international platforms having made major steps in the region, BUCHAREST REAL ESTATE CLUB has been set – up to foster cross-regional business development, facilitate valuable connections building and impactful deals origination.
How to Import Your Household Belongings and Vehicle into Romania
22 June 2018 • NewsRomania is a beautiful country and despite its current status as a developing nation, Romania's capital city of Bucharest is recognized as a hub of commerce and culture within the European Union (EU).
An investment of over 1 billion euros for a new terminal at Otopeni Airport
23 June 2018 • NewsHenri Coanda-Bucharest International Airport could have a new passenger terminal, part of a large development project that will include a platform, runway system, access roads, parking lots and buildings, estimated at 4.75 billion ROL (over 1 billion euros).
A highway to connect Moldavia and Transylvania is needed, World Bank representative says
23 June 2018 • NewsTatiana Proskuryakova, World Bank country manager for Romania and Hungary, has posted on her blog an analysis about her recent visits in our country. She mentions the main challenges Romania is facing on the way to complete reforms. Her visits included the cities of Iasi, Timisoara, Dej, Constanta, Caransebes, Alexandria and others.
Where is Romania in the world? On the same level with Brazil and Mexico, 10 years behind Poland
18 June 2018 • NewsRomania managed to catch up with the economies of Brazil and Mexico during the last 25 years, but still lags behind other Central and Eastern European countries in terms of real development, World Bank experts say. According to analysts, Romania’s growth rate between 1992 and 2016 was 1 percent higher than the average for upper middle-income countries and more than three times the rate for the EU and developed countries.
Short guide to Bucharest’s public transport, taxis and car sharing services
12 June 2018 • NewsIt is well known that the Romanian capital is among the world’s cities with the most congested traffic. So what other choices are there for those days when driving doesn’t seem to be an option or for those moments when you just don’t feel like driving? How can you get around Bucharest when you are in the city for just a few days? We’ve made a list of options, which includes buses and trams, the subway, taxis, and ride sharing services such as Uber and Taxify, as well as all you need to know about them.
British School of Bucharest invites you to explore the world at Summer School 2018!
13 June 2018 • NewsBritish School of Bucharest (BSB) will start its summer school program on 2nd July, open to all children aged between 4 and 15, no matter what school they are currently attending.
Bucharest for kids: fun things to do for everyone 30 May 2018 by Ro Insider
5 June 2018 • NewsWhen it comes to leisure and fun options for children, the Bucharest offer has been diversifying and expanding constantly in recent years. For the weekend, June 1st or simply when it’s time for family time, here are some options to keep the little munchkins entertained.
Expat eye: Is living in Bucharest cheap? Seven things to check out
5 June 2018 • NewsMost expats – Western ones at least – will tell you that they have a better quality of life here than in their home country. Foreign adventures and careers aside, this largely comes down to money: your cash goes further here, so if you have any sort of Western income – not even a particularly impressive one – you’re laughing.
Cost of Living in Romania
5 June 2018 • NewsThe cost of living in Bucharest can be comparable to the one in other major European cities, while the average salary is 2300 lei (around 500 euro). Local dairy products and produce are relatively affordable compared to the prices in Western Europe. Lunch menus are usually cheap, but dining in a restaurant is significantly more expensive. A main dish, a side and a beverage can cost between 60-100 lei (14-22 euro) per person, depending on the quality of the restaurant.
Daily life and social customs
6 June 2018 • NewsRomanians’ lives are generally guided by the religious traditions to which they adhere. Thus, ethnic Romanians who follow the practices of Eastern Orthodoxy participate in elaborate customs and ceremonies during Holy Week and at Easter. The Hungarian and German minorities, who generally belong to the Roman Catholic and Protestant churches, put a greater emphasis on the celebration of Christmas.
The largest PORCELANOSA showroom in Europe was opened in Bucharest
9 June 2018 • NewsThe largest PORCELANOSA showroom in Europe was opened in collaboration with the local DISEŇO brand . The space from Dorobanti Calea 135-145 is a source of inspiration through the way materials and textures are combined resulting in an unexpected and innovative design.
Globalworth lists the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange
1 June 2018 • NewsGlobalworth lists the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange Globalworth real estate investment firm, founded by Greek businessman Ioannis Papalekas, listed the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange (BVB), BVB announced.