By Jerom Bolt
The car industry in Romania will register in 2018 a record of the number of cars manufactured on the two sites in Mioveni / Pitesti and Craiova. According to estimates, this year, over 450,000 units will be produced on the two Renault and Ford platforms in Romania. The main engines of the Romanian car industry are the Dacia Duster and Ford EcoSport SUVs, which record two-digit sales on the European market. After 2013, 2018 would be the first with a production of over 450,000 units.
In total, the Americans from Ford Craiova and the French from Dacia ... Read more »
| 29 September 2018 |

>>> In 2017, the average age of the resident population in EU countries was 42.5 years, and in Romania the average age was 41.7 years >>> In 2018, the average age of the Romanian population is 41.9 years, younger than the EU population in 2017

By Emea Riga
On 1 January 2018, Romania had 3,559,957 people aged 65 and over, accounting for 18% of the country's resident population (19,523,621), according to a press release from the National Institute of Statistics.
Of the elderly, the total number of men was 1,433,412 (15% of the total number of men residing in Romania of 9,543,228 persons) and the women ... Read more »
| 28 September 2018 |

>>>Romania was maintained by FTSE Russell on the watch list of countries for possible reclassification from Frontier to Secondary Emerging market

By Edwig Ban
FTSE Russell released on September 26, 2018 its latest Annual Country Classification Review, according to which Romania was maintained on the watch list of countries for possible reclassification from Frontier to Secondary Emerging market. Romania was added to this watch list in September 2016. According to the FTSE Russell report, in September 2018, the FTSE Russell Country Classification Advisory Committee end ... Read more »
| 27 September 2018 |

By Emea Riga
The President of the Senate in Bucharest (Superior Chamber of Parliament), Călin Popescu Tăriceanu, says that "in Romania, unlike the countries of the West, there is no case of high corruption" and only 4 cases out of the 4,000 dignitaries who were convicted for taking or bribery.
"In the discussion with the ALDE group in the European Parliament there was a question about corruption. One of the Europarlarians said the phenomenon of corruption is deeply rooted in Romania. I replied that it is a phenomenon that concerns us and which we are fighting, but it is a phenomenon as preoccupying and as deeply rooted ... Read more »
| 26 September 2018 |

>>>The officials from the two countries hope to open the regular flights Bucharest-New Delhi

By Emea Riga
President of the Senate Calin Popescu-Tariceanu voiced his hope on Wednesday, after the meeting with India's Vice President Venkaiah M. Naidu, that the regular commercial flights between Bucharest and New Delhi be resumed after a 22-year break.
He underscored the components of the visit, namely the parliamentary one provided by the 'ex-officio position' of the Indian guest, as President of India's Upper House of Parliament (the President of the Rajya Sabha), and the governmental ... Read more »
| 23 September 2018 |

By Edwig Ban
Romania is a firm and responsible ally of the United States, and for cooperation to develop within the Strategic Partnership as many investments as possible are needed, Prime Minister Viorica Dancila stated on Wednesday at Victoria Palace during the meeting with the Romanian-American Business Council (AMRO) led by Executive President Eric Stewart, reads a press release of the Government.
The talks held by the premier and several ministers in the Cabinet with the AMRO delegation focused on investment opportunities in Romania as strengthening leverage of the cooperation between Romania and the United States in all the domains w ... Read more »

| 19 September 2018 |

By Jerom Bolt
US Secretary of Energy Rick Perry highlighted on Tuesday, in Bucharest, the importance of energy security and pleaded for the diversification of energy sources, bringing to mind the launch of a new initiative, the Partnership for Transatlantic Cooperation in the Energy Field, in the context of the Three Seas Summit that unfolded Monday through Tuesday in Bucharest.
Within the Partnership for Transatlantic Cooperation in the Energy Field, the United States of America will work closely with the states in the region, but also with the European Commission, in an effort to cata ... Read more »
| 18 September 2018 |

By Jerom Bolt
President Klaus Iohannis will host the third Summit of the Three Seas Initiative, at the Cotroceni Presidential Palace, September 17-18.
According to a press statement released by the Presidential Administration, the summit in Bucharest will provide a political opportunity to validate the strategic guidelines that underlie the future development of the Three Seas Initiative.
'The main objective of this flexible policy platform is economic development of the Central and South-Eastern European countries by increasing interconnectivity, especially on the North-South axis, in three main a ... Read more »
| 16 September 2018 |

By Edwig Ban
>>>Investment represents biggest industrial commitment by an international corporation in the region of Craiova, Dolj County >>>Location chosen for combination of feedstock supply and infrastructure >>>Annual production capacity of 50 000 tons of cellulosic ethanol

In a press release from Muttenz, September 12, 2018 Clariant, a world leader in specialty chemicals, is said to have officially started construction of the first large-scale commercial sunliquid plant for the production of cellulosic ethanol made from agricultural residues.
At the flagship facility, the sunliquid tec ... Read more »
| 13 September 2018 |

By Emea Riga
Romanian security technology company Bitdefender said on September 11 it has acquired Australian SMS eTech, as part of its strategy of globally expanding in the consumer and enterprise segments.
Bitdefender's acquisition strengthens the company's position in the Asia-Pacific region and globally by creating its own subsidiary, Bitdefender Australia.
By integrating a business line from its eTech SMS Distributor - the distributor of Bitdefender products in Australia and New Zealand - Bitdefender directly establishes its presence by opening an office in Melbourne, the company's first in this re ... Read more »
| 11 September 2018 |

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

+40 725 511 887