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    Business Journal                                                                                                                       Thursday, 19 October 2017  |RSS |

    Exchange Rates: EUR=4.5921 RON; USD=3.8901 RON; CHF=3.9774 RON; GBP=5.1168 RON; 100 HUF=1.4895 RON; PLN=1.0842 RON; TRY=1.0613 RON ### ### ### Bucharest Stock Exchange (BVB) Main Market: BET=8,053.35 (-0.13%); BETPlus=1,202.75 (-0.03%); BET-FI=36,764.88 (+0.13%)

    By Emea Riga

    Romanian Prime Minister Mihai Tudose and several ministers attend, during October 18-20, the biggest trade promotion event organized annually by the US Department of Commerce - Trade Winds, tenth edition.
    Approximately 100 US companies will come to Bucharest and will have contacts with over 50 Romanian companies, an opportunity for these companies to develop joint projects.
    "The US Department of Commerce's initiative to hold the 10th edition of Trade Winds in Romania and four other South Eastern European countries - Bulgaria, Croatia, Greece and Serbia - demonstrates the importance the US Adm ... Read more »

    | | Date: 17 October 2017 |

    By Emea Riga

    The representatives of Cummins Generator Technologies Romania notified local authorities in Craiova, Dolj County, Romania, of the decision of the US Industrial Holding's management to move its production facilities to the United Kingdom after the United Kingdom left the European Union.
    The American Group already has a production unit in Craiova, established in 1999, operating in the former Electroputere locomotive.
    The Mayor of Craiova, Mihail Genoiu, confirmed that there is an official announcement of the company to the municipality of Craiova about the intention to reloca ... Read more »

    | | Date: 15 October 2017 |

    By Andra Beltz

    The Ford plant in Craiova launched on Tuesday the production of the new EcoSport SUV for the European market to cover, according to the company, the increasing demand of its customers.
    The representativs of Ford Europe said on Tuesday that for the production of the new model, the company invested about 200 million euros in Craiova and will employ another 1,700 people, so at the end of the year the factory in Dolj County will have 3,900 employees.
    "EcoSport is a new example of how Ford builds its operations based on the benefits of its own range - implicitly based on world-class SUVs. ... Read more »

    | | Date: 12 October 2017 |

    By Edwig Ban

    Romania’s Government has signed today a Memorandum of Understanding with the US group General Dynamics for the production and delivery of wheeled armored vehicles to the Romanian Armed Forces.
    The Memorandum of Understanding between Romania and the United States sets out the preliminary guidelines for cooperation as well as future actions aimed at establishing a joint venture between Uzina Mecanica Bucharest and General Dynamics to produce armored vehicles for the Romanian Army, according to a Romanian Government press release.
    US company General Dynamics owns the Swiss Mowag - manufacturer of armored vehicles.
    Accordin ... Read more »

    | | Date: 10 October 2017 |

    >>>The other CEE countries have moderate increases compared to Romania: Poland, 3.8%, Bulgaria, 3.6%, Rep. Czech Republic, 3.5%, Slovakia, 3.3%, Hungary, 3.2%

    By Constantin Radut

    Great surprises and much optimism in the "World Economic Outlook" report, presented today by the International Monetary Fund in front of the international press. Some analysts wondered if the IMF changed the database for the forecasts that the international institution presented.
    For Romania, the surprise is that the IMF estimates have been radically chan ... Read more »

    | | Date: 10 October 2017 |

    By Edwig Ban
    The National Institute of Statistics (INS) today presented the third estimate of Romania's economic growth for the second quarter of 2017. Compared to the initial estimates, in August and September, the INS revised upwards, from 5.9% to 6.1%, gross series, the Gross Domestic Product (GDP) for the second quarter of this year.
    On August 16, the first estimates published by the INS showed that GDP rose in the second quarter by 5.9% over the same period in 2016, gross series, 5.7% on adjusted series and 1.6 % versus the previous quarter. On September 5, INS reconfirmed these figures.
    On Tuesday, the INS revised upward growth ... Read more »
    | | Date: 10 October 2017 |

    >>> The Americans have demanded advance payment; the money will be rolled out by the end of 2017 >>> Romania will buy the first blown 8x8 armored conveyors from General Dynamics

    By Constantin Radut

    The Romanian authorities are on schedule to acquire the first Patriot system. The contract will be signed by the end of the year, Minister of National Defense Mihai Fifor announced on Friday.
    "We are in the chart with the acquisition of the first Patriot system. We will actually have the signed contract by the end of the year and we will m ... Read more »

    | | Date: 06 October 2017 |

    By Edwig Ban

    Connecting Doers with Opportunity - International Conference & Innovation Hackathon, takes place in Timisoara in the organization of UrbanizeHub Romania and KeepItSimple.
    Connecting Doers with Opportunity will take place three days until October 8. This is also the first edition of the Urban Talks conference series to be brought by UrbanizeHub in several cities in Romania starting this year.
    According to a press release, the purpose of the event is to find solutions to the local and global challenges we face, by promoting a culture of knowledge sharing and creating a glob ... Read more »

    | | Date: 05 October 2017 |

    By Constantin Radut

    After two years, in 2015, when the former Prime Minister of Romania had an unsuccessful attempt to create a trilateral: Romania, Bulgaria, Serbia, now, in October 2017, a strategic alliance between Romania, Bulgaria, Greece and Serbia emerged in South East Europe. Today, after the joint meeting held in Varna (Bulgaria) of the Governments of Bucharest and Sofia, the heads of state governments met the President of Serbia and the Prime Minister of Greece.
    Romania and Bulgaria, next to Greece and Serbia could become a power security centre for this side of Europe, on Tuesday said in Varna, the Romanian Prime Minister Mi ... Read more »

    | | Date: 03 October 2017 |

    By Jerom Bolt

    The frequent information that Romania's economic growth is based on consumption only turns out to be singular. They become even marginal as economic growth strengthens.
    This shows a study released today, quoted by Agerpres.
    Thus, the automotive industry is one of the main pillars of the Romanian economy, employing over 150,000 people and having contributed 47 percent of the country's exports in 2016.
    From one year to another, the automotive industry enjoys strong profitability. In 2016, it recorded an impressive growth rate, 9 percent over 2015, against global averages o ... Read more »

    | | Date: 02 October 2017 |

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    Constantin Radut - Editor in Chief; Phone:+40-725511887 Email:office.rbjournal@gmail.com