Banca Transilvania remains the leader, increasing its market share to 17.72%, and surprisingly, ING Bank climbs to 4th place, surpassing UniCredit and Raiffeisen. On Friday, the National Bank published the annual report for 2019, which presents the situation of the Romanian banking system. https://www.mediafax.ro/economic/topul-bancilor-in-romania-banca-transilvania-ramane-lider-19348469

Startups in Romania and the Republic of Moldova that develop technologies in the field of education (edtech) can register until June 30, 2020 for a business accelerator that offers funding of up to 195,000 euros each. Teams of at least 2 people from all 27 EU countries plus Horizon 2020 ... Read More

The companies will be able to postpone the taxes until October 25, the Emergency Ordinance being published in the Official Gazette. In addition, the normative act also provides facilities for the Horeca and the rental of beaches. Those who rent beaches will benefit, only for the summer season 2020, from the ... Read More

Cerasus Grup is an association formed by over 40 fruit producers, especially cherries, from Cotnari, a village in Iaşi county, famous for the variety of wines known as Grasa de Cotnari, being also an important wine producing region from Romania. They work about 120 hectares, and the fruits are sent ... Read More

With the introduction of restrictions at the beginning of the state of emergency, employers who continued to work faced many obstacles, with the need to adapt the way of working to the new restrictions at the top of the list, while maintaining reasonable levels of productivity. What lessons have we ... Read More

European early stage companies developing biotechnologies and other such innovations in the medical field will be able to obtain new venture capital funding from a € 105 million investment fund, launched on Wednesday. The new funding will "focus on entrepreneurial innovation in therapies," BioGeneration Ventures announced. https://www.startupcafe.ro/finantari/fond-european-investitii-inovatie-medicina.htm

A ranking made by the Financial Times division in the field of intelligence services ranks us second in Europe in the attractiveness of IT investments after Skopje and before Cluj. Iasi is one of the most profitable cities in Europe for new-tech investments. Our city ranks 2nd in the cost-effectiveness ... Read More

The acquisition of the Stănești Photovoltaic Park in Giurgiu County is just a first step for Electrica Furnizare in the development of the group. The extension to the production area from renewable sources is one of the major objectives of the Electrica Group for the period 2019-2023. https://www.capital.ro/electrica-intra-pe-piata-energiei-din-surse-regenerabile-compania-a-achizitionat-parcul-fotovoltaic-stanesti.html

The Romanian-German business environment, represented by the Romanian-German Chamber of Commerce and Industry (AHK Romania) reacts to the statements made by Labor Minister Violeta Alexandru and Prime Minister Ludovic Orban on the implementation of the Kurzarbeit flexible labor model on the local labor market. https://www.zf.ro/eveniment/camera-de-comert-romano-germana-pledeaza-pentru-modelul-kurzarbeit-19330615