By R. Constantin
It is extremely useful and necessary the meeting organized by the Bursa newspaper on "Romania and Russia in search of new forms of cooperation".
This initiative was useful because in the political and media landscape of Romania the relations with Russia are regarded with a misunderstanding. The suspicion brought by politicians from Bucharest in the past 10 years, without any political and economic justification.
It takes this initiative because Russia is no longer present on the commercial map of Romanian companies due to the brakes imposed by political factors.
Under these conditions, Romania has reached a very low l ... Read more »
| 18 October 2018 |

By Jerom Bolt
On 17 October, the Governments of Romania and the United Arab Emirates adopted the "Joint Statement on Establishing a Strategic Economic Partnership between the Government of Romania and the Government of the United Arab Emirates". The document was signed on the occasion of the official visit of Prime Minister Viorica Dăncilă to the United Arab Emirates. PM Viorica Dăncilă said that she presented the large-scale projects for the development of Romania and companies in the Emirates are interested in the public-private partnership in the logistics and transport sectors. Repr ... Read more »
| 18 October 2018 |

By Constantin Radut
Bucharest Prime Minister Viorica Dancila had a very important day in Turkey yesterday, a day full of events and opening new roads in bilateral cooperation. The head of the Government in Bucharest is accompanied by a dozen ministers, including the Army and the Finance. A clear signal that the two countries insist on the defense, security and economic components of cooperation between the two countries.
Romania is interested in Turkey being a major pillar in the Black Sea region, in the context of Russia's growing aggressive situation in the area. At the same time, Romania needs Turkish investment ... Read more »

| 16 October 2018 |

By Edwig Ban
British-owned Liberty, part of Sanjeev Gupta’s global GFG Alliance, today [Friday 12th October] announced a conditional agreement to buy four European steel plants, employing more than 12,500 people; putting itself at the heart of the Continent’s steel industry and cementing its global role in the sector.
In a landmark transaction that would take Liberty’s total rolling capacity to over 15m tonnes a year, the Group has made a binding offer to buy ArcelorMittal’s major integrated works at Galati in Romania and Ostrava in the Czech Republic, along with rolling mills at Skopje in Mac ... Read more »

| 12 October 2018 |

By Romanian Business Journal
On the October 3 meeting of the National Bank of Romania Board, the members of the Board brought to the attention of the authorities an acute range of problems in the country's economy. They were released today.
During the meeting, the Board discussed and adopted the monetary policy decision, based on the data and analyses on current and future macroeconomic, financial and monetary developments submitted by the specialised departments, as well as on other available domestic and external information.
>>>Looking at the recent evolution of inflation, Board members noted tha ... Read more »

| 10 October 2018 |

>>> Romania advanced 5 places to the 2017 edition >>> Among former communist countries, Romania ranks 3rd, after Poland and Czech Rep., but before the other communist states and the EEA region

By Emea Riga
Romania ranks 45th in a ranking of the top 100 countries as the value of the country brand, rising to 49th place in 2017, as the value of Romania's country brand increased by 27% , up to $ 222 billion, according to a study released Monday by the US bank consultancy Brand Finance.
Romania is ahead of Iran, Colombia, Vietnam or Bangladesh, but it is in front of countries such as Hungary - 54th pl ... Read more »

| 09 October 2018 |

>>>Former French PM Villepin urges Europeans to 'reinvent and reorganise multipolarity'

By Edwig Ban
Bucharest Forum is an annual high-level event organized by the Aspen Institute Romania and the Bucharest office of the German Marshall Fund of the US. Since its inception in 2012, the mission of the Bucharest Forum is to create a regional platform for forward thinking on economic and security policies and for promoting political dialogue between governments and the civil society.
Bucharest Forum offers a unique opportunity for high level East-West conversation in a global transformativ ... Read more »

| 08 October 2018 |

By Jerom Bolt
The Minister of Foreign Affairs, Teodor Melescanu, declared on Monday, upon meeting with his Dutch counterpart, Stef Blok, that there are still many unexplored opportunities as far the economic cooperation between the two countries is concerned, according Agerpres.
He also highlighted that the Netherlands is a big investor in Romania, generating the creation of many jobs, as well as the fact that in the Kingdom of the Netherlands there are over 30,000 Romanians, most of them under the age of 35.
'We are talking here about a highly qualified human resource that contributes to the Dutch economy and that is well integrated and ... Read more »
| 08 October 2018 |

>>> Americans, Germans and the French to fight for billions of euros made available by the Government of Bucharest for the endowment of the Romanian Army

By Edwig Ban
The allocation of 2% of GDP over the past two years to the Ministry of National Defense's expenditures has created a real "contest" between US, German and French concerts to capture the Romanian armaments market. While the Americans are deluding us with the Strategic Partnership and the latest technology, the Europeans show us the cheek and tell us that we are members of the EU and we must respect the tradition.
... Read more »

| 04 October 2018 |

By Edwig Ban
A delegation of officials from the Romanian Government and several representatives of Romanian energy companies paid a visit to Kazakhstan last week to discuss with KazMunayGas, one of the major investors in Romania, the status of the Memorandum of Understanding concluded in 2013 between KMGI and the Government of Romania, which also provides for the creation of a common investment fund in the energy field, according to the State Secretary in the Ministry of Energy Robert Tudorache
"The two sides, the Romanian Energy Ministry and KMGI, have been working closely lately, making significant progress in ... Read more »

| 02 October 2018 |

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The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania

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