The European Commission published this month the Country Report for 2018, in terms of investments, Romaniaʼs net international investment position (NIIP) has continued to improve. The NIIP reached -49.9 % of GDP in 2016, almost 5 percentage points above the 2015 level.
On 8th of March, the European Commission has unveiled an Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech). As a first major deliverable, the Commission is also putting forward new rules that will help crowdfunding platforms to grow across the EU’s single market.
“A woman with a voice is by definition a strong woman. But the search to find that voice can be remarkably difficult.” – Melinda Gates
The National Bank of Romania has published in February the Bank Lending Survey. The survey shows that in the final quarter of 2017, credit institutions preserved their credit standards on loans for house and land purchase to households and tightened marginally those for consumer credit. As for non-financial corporations, lending conditions applicable to them stayed flat against the previous quarter. For the first quarter of 2018, credit institutions envisage a marginal tightening of credit standards for both housing loans and consumer credit. Conversely, credit standards applicable to non-financial corporations are anticipated to hold steady in 2018 Q1 as well.
The European Investment Bank Group, comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided close to EUR 1.9bn of new loans, guarantees and equity investment in Romania in 2017. More than EUR 1.3bn in loans came from the EIB and EUR 551m from the EIF in the form of guarantees and equity investments in small businesses to sustain their growth. The EIB Group’s support for Romania therefore represents some 1.04% of the country’s GDP, placing Romania fifth among EU Member States in this respect, and above the EU average of 0.46%. The group concluded four operations under the European Fund for Strategic Investments (EFSI), which is part of the Investment Plan for Europe.
The National Institute of Statistics has published on 9th of February 2018, the estimated data of Romania’s foreign trade– International trade with goods.
Last month at the Cryptocurrency, Money, and the Future Token Summit II from San Francisco, Naval Ravikant shared his thoughts about the present condition of cryptocurrency.
The National Institute of Statistics has published on 29th of January the trends in the evolution of the economic activity in the period January-March 2018.
Continuă lectura „Trends in the evolution of the economic activity”
“Bureaucracy is the death of any achievement.” – Albert Einstein
Is that so?
“Debt is one person’s liability but another person’s asset.” – Paul Krugman
Defining contract clauses can be a good start in securing your business. The contract is the will of two or more persons with the intention of creating, modifying or extinguishing a legal relationship.
