Romania

Bulgaria and Romania fail economic tests to join the eurozone

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Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The eastern expansion of the European single currency has suffered a setback after Bulgaria and Romania failed to meet the economic criteria needed to adopt the euro. The decision announced by the European Central Bank … Read more

The man who built Docklands: from poverty in Romania to the skyscrapers of Canary Wharf

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One of the key players behind the transformation of London’s Docklands into a powerful financial center is stepping back after almost forty years. George Iacobescu will retire as chairman of the Canary Wharf Group next month and will be replaced by former L&G chief executive Nigel Wilson. The move comes as a number of high-profile … Read more