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Preserving labor code flexibility is essential to ensuring competitiveness, say car industry representatives

Modifying the present labor code and introducing new measures that would make it less flexible than its present form is worrying investors, discussed participants during the Foreign Investors Eevnt organized by Business Review this week.
“I am particularly worried by the intention to modify the labor code. This intention is tacitly passed through Senate. It would be […]

October 28th, 2015|Blog|0 Comments

First Car program needs improvements in order to boost new car sales, say industry representatives

Romania’s First Car program does little to boost new car sales as it offers potential buyers the same terms as regular loans, said Constantin Stroe, the president of the Romanian Car Producers’  Association – ACAROM during the second day of the Foreign Investors’ Forum organized by Business Review.
“Romania is importing three used cars for every […]

October 27th, 2015|Blog, Uncategorized|0 Comments

Romanian companies are too dependent on state aid, argue participants at the Foreign Investors Forum

“Financing percentages have remained very high, even in the second round of state aid schemes. Except for Bucharest, with 15 percent, and the cities in the Western part of Romania, with 35 percent, the rest of the country can benefit from 50 percent financing percentages. This is a great accomplishment for Romania, compared to […]

October 27th, 2015|Blog, Uncategorized|0 Comments

Drone traffic should be regulated, say participants at the Foreign Investors Summit

“Fitting legal measures must be put into place concerning the drones. This area should be regulated, just like all the others, because after all, this will pose traffic issues. It is clear as day that an air traffic code must appear,” according to Varujan Pambuccian, member of the Commission for IT&C in the Chamber of […]

October 27th, 2015|Blog, Uncategorized|0 Comments

Romania should promote better its “growth story” to attract more investors, says Mark Mobius

“Romania has an outstanding growth story among the countries in the CEE region and the European Union, with the highest growth rate in the EU in the first quarter of 2015 and the second-highest in the second quarter. This exceptional growth story should be continuously promoted to foreign investors and one of the best […]

October 9th, 2015|Blog|0 Comments

Half of Romanians would make extra efforts to buy local products, says iSense Solutions

Half of Romanians are willing to make an extra effort, such as driving a longer distance, to buy Romanian products in a supermarket or hypermarket, a study conducted by iSense Solutions shows. Romanian origins are among the most important criteria – along with freshness, taste and variety – that makes consumers choose a particular […]

October 8th, 2015|Blog|0 Comments

Romania keeps 34th spot in renewable energy attractiveness top of 40 countries

According to EY’s latest study, Renewable energy country attractiveness index (RECAI), ranking 40 countries in terms of attractiveness and investment opportunities in the renewable energy sector, Romania holds the 34th position it had last year.
Scoring 44.8 on the RECAI scale, Romania rates best in geothermal energy options (scoring 25), hydro power (27), solar CSP (27) and onshore […]

October 6th, 2015|Blog|0 Comments

Romania climbs six ranks in global competitiveness report

According to the Global Competitiveness Report and the annual assessment of the economic environment and its ability to achieve sustained economic growth, Romania ranks 53, up six positions from last year. The report is done by the World Economic Forum (WEF) and contains a ranking of the most competitive 140 countries worldwide, based on criteria […]

October 5th, 2015|Blog|0 Comments

Romania has still to warm up to solar energy, experts say

A recent Roland Berger study elaborates on the topic of decentralized solar energy generation producing significant changes for the utility industry, the shift posing a major threat for the current business model of utilities. At the same time, solar PV creates new business opportunities that fit well with the existing competences of the utilities, […]

October 2nd, 2015|Blog|0 Comments

Technology remains Achilles’ heel for Romanian SMEs

Local SMEs need to catch up with their European peers in the use of technologies that can increase their efficiency, productivity and, in the long run, their profits, say commentators. In fact, various statistics show that they are sorely lacking in some areas. Experts interviewed by BR give their recommendations of what type of […]

October 2nd, 2015|Blog|0 Comments