Latest news

Thursday, 9 January, 2025

09:41
Mortage rates in Romania remain among lowest in EU
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.  
08:49
IWG opens new coworking space in Bucharest
IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Wednesday, 8 January, 2025

12:41
3M ROBOR index fell on Wednesday to 5.91% per annum
The six-month index, used to calculate interest rates on variable-rate lei mortgage loans, stagnated at 5.97% per annum.
10:45
NSI: Unemployment rate down slightly in November 2024 compared to October
By gender, the unemployment rate for males exceeded that for females by 0.5 percentage points (the values were 5.5% for males and 5% for females).
10:34
Enterprise Investors and EBRD partners with eTravel
The investment marks a strategic partnership between Enterprise Investors and eTravel founder and CEO Andrzej Wierzba.
10:28
Rising global yields, to worsen Romania's fiscal situation in 2025
The biggest risk for Romania in 2025 is not Trump tariff's policy, the German recession or the Ukraine war, but the continued deterioration of the fiscal situation.

Tuesday, 7 January, 2025

11:46
Global Cooperation at a crossroads: possibility amid rising geopolitical uncertainty
The Global Cooperation Barometer indicates that international cooperation has “flatlined”, but positive momentum in climate finance, health and innovation offers hope.
11:33
Romania targets 2,500 MW of new power in energy system in 2025
Romania continues the implementation of major projects, such as gas exploitation in Neptun Deep and Caragele, and the development of the Romanian civil nuclear program.
11:24
Car market will pick-up sales in 2025, but faces new challenges
Both new and used car markets have been hit hard by inflation and rising interest rates. Many drivers have opted for cheaper cars or postponed their purchases for better times.
08:21
Ahold Delhaize completes Profi acquisition in Romania
Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

Monday, 6 January, 2025

12:17
Green loans to non-financial companies up 93% year-on-year in September
For households, green loans amounted to around RON 10 billion in September 2024, +50% compared to September 2023, and accounted for 5.7% of the bank loan portfolio to this segment.
12:10
Samsung Electronics presents Vision AI at First Look 2025
Samsung brings Samsung Vision AI to its largest-ever product portfolio - including Neo QLED, OLED, QLED and The Frame - redefining user interaction.
12:04
Ahold Delhaize completes Profi acquisition, a €1.3 billion transaction
Ahold Delhaize currently operates almost 1,000 stores in Romania under the Mega Image brand.

Friday, 3 January, 2025

09:06
Government debt increased in October to RON 931.18 billion, 54% of GDP
The bulk of this debt, RON 780.243 billion, was government securities. Borrowing amounted to RON 131.258 billion.
09:02
Romania's crude oil production fell by 3.9% in first 10 months of 2024
Imports of crude oil totaled 6.665 million toe during the period, 313,200 toe more than in January-November 2023 (+4.9%).
08:52
Budget deficit at 7.12% of GDP after 11 months this year
Total revenues amounted to RON 523.9 billion in the first 11 months of 2024, up 12.7%, while expenditures of the consolidated general budget totaled RON 649.6 billion, up 20.6%.
08:42
Removal of energy price cap, most important move in energy sector in 2025
The president of the AEI believes that although crude oil prices in 2025 may remain at the price level of this period, the pump price will increase as a result of tax increase.

Monday, 30 December, 2024

11:34
NSI: Managers expect prices to rise in all sectors until February
In the December 2024 business cycle survey, managers in the manufacturing industry forecast a moderate decrease in the volume of production for the next three months.
11:11
ANIS: New tax measures hit stability of IT sector and create a crisis of confidence
Bringing forward the timetable for elimination of tax facilities for the IT industry, starting January 2025, is a deeply negative signal towards a strategic sector of the economy.
10:58
Measures set out in 'train ordinance' will have an impact of over RON 133 billion in 2025
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
10:48
Survey: 27% of Romanians are pessimistic about 2025, up 8% from last year
On the other hand, 28% say they are optimistic about the year ahead, with a significantly higher percentage among those with incomes over RON 6,000 (33%).

Friday, 27 December, 2024

07:05
National Union of Romanian Employers calls for holiday vouchers to be maintained
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.
07:00
Private pension funds in Romania, assets up to RON 155.49 billion in September
As of September 30, 2024, there were 9.03 million participants enrolled in the 17 private pension funds, compared with 8.86 million at the end of the previous year.
06:53
Total volume of underwriting on insurance market up to RON 16.9 billion in 9M 2024
Total gross claims paid (including branches) amounted to around RON 8 billion in the first nine months of 2024.
06:48
Fitch change outlook on Romgaz's rating from stable to negative
The revision to Romgaz's rating outlook follows the recent revision to Romania's sovereign rating outlook dated December 17, 2024.

Monday, 23 December, 2024

14:16
Moldova innovation technology park celebrates 7 years
The park celebrated its achievements at the “SUM IT UP #7” event, marking its anniversary with stakeholders from government, business, and international partners.
14:06
Systematic strengthens partnership with NATO
Through top-tier projects, including contracts with NATO and other international organizations, the company ensures financial stability, creates jobs.
13:59
Superbrands Romania announces champions of brand reputation
For the 2024-2025 edition, the selection of brands was conducted with the support of the Superbrands Honorary Council.
13:53
Vertiv acquires centrifugal chiller technology
China-based company BSE specializes in both water-cooled and air-cooled systems with up to 5.5 MW of cooling capacity, as well as heat recovery and reuse solutions.
13:11
Enterprise Investors announces another investment in prefabricated housing
This year, the company will construct 140 single-family houses and expects to generate revenues exceeding €14 million.

Saturday, 21 December, 2024

11:03
MAS sells strip malls in Romania for €49 million
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.

Friday, 20 December, 2024

09:28
Inevo expands logistics operations at CTPark Bucharest South
CTPark Bucharest South is strategically located between Bucharest's ring road and the future A0 Motorway, with direct access to the A0.
09:19
Spanish families face most expensive Christmas meal
French and German families will benefit from sizable price reductions this year, while Romanian ones will see an increase.
08:59
Local artist signs visual concept of internationally renowned boutique hotel
Corinthia Hotels Group, the operator of Grand Hotel du Boulevard, actively supports local art and culture through initiatives that promote artists in the local communities.
08:53
VTEX achieves AWS Consumer Goods Competency
VTEX has achieved the AWS Consumer Goods Competency, distinguishing itself as a provider that has demonstrated technical proficiency and proven customer success.
08:44
Formr Agency announces partnership with Petswell
The collaboration supports the launch of Petswell Chewz!, a revolutionary range of functional dog treats.
08:30
AROBS initiates merger process of three companies
The merger process marks the first step in a series of similar initiatives that AROBS's management plans to implement in the long term.

Thursday, 19 December, 2024

13:35
Hilton enters Timișoara's hotel market
Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market. 
11:52
OTP Bank Romania becomes Banca Transilvania on February 28, 2025
Banca Transilvania's shareholders approved BT's merger with OTP Bank Romania at an Extraordinary General Meeting.
11:47
New deadlines and clarifications regarding digital tax reporting
Starting with 1 January 2025, the RO e-Invoicing system will also apply to invoices issued in B2C (business to consumer) relationship.
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