Romania Feed

The Investment Committee of the Modernization Fund has approved Romania’s request for financing for the future gas-fired power plants of state-run energy holding Complexul Energetic Oltenia (CE Oltenia) and also confirmed the financing for photovoltaic (PV) park projects.

Artificial intelligence (AI)-based advertising is seen as a USD$1.3 trillion business by 2032, which means that AI-enabled advertising will represent more than 90% of all advertising as channels like TV, Audio and Outdoor become more digital, addressable and programmatic, as per a report of GroupM, the main player on the global media market.

A total 72,522 housing units were delivered across Romania in 2021, a record level on the local residential market since 1989, which translates into a 7% increase compared to 2020, as per an analysis by real estate consulting firm Cushman & Wakefield Echinox based on statistical data released by the country’s statistics board INS.

E-Distributie, the electricity distribution operator part the Enel Group, has installed integrated photovoltaic and storage systems worth approximately EUR500,000 at three primary substations in the regions of Muntenia, Dobrogea and Banat where it operates.

The Bucharest Stock Exchange on Monday (April 11) published its first environmental, social and governance (ESG) reporting guidelines for listed companies, developed with the technical assistance of the European Bank for Reconstruction and Development (EBRD).

International rating agency Fitch has recently affirmed Romania's sovereign long-term rating (IDR) at BBB-, keeping it at the lowest investment-grade level, but it maintained the Negative Outlook.

Globalworth, the leading office space owner in Romania and Poland, has appointed Stamatis Sapkas to the position of Group Chief Financial Officer effective May 1, 2022.

OTP Bank said in a report on Monday that Romania’s economic recovery is seen slowing substantially in 2022 and the country’s GDP growth is expected to stay below 2% in 2022 as inflation erodes real income, monetary policy tightens and supply chain problems could further develop.

After the initial concerned outlook on the future of the real estate market in connection with the health crisis’ all-encompassing effects, the second year of the pandemic has allowed us to draw some better informed conclusions.   Without undermining the severe economic ramifications of the COVID-19 pandemic, which will extend in the medium term, some […]

72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics.   An annual average […]

Holde Agri Invest, a Romanian company operating farmland, announces the completion of the acquisition of a new farm in Dâmbovița County, Conțești commune.   The farm has an area of 2,100 ha of land and becomes the fourth core farm of Holde, after Roșiori, Videle, and Frumușani. “Our plan for the successive expansion of the […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Stamatis Sapkas as Group Chief Financial Officer with effect from 1st May 2022.   Stamatis will succeed Andreas Papadopoulos, who will step down as CFO, following the announcement that he would leave the Company after 8 years of an invaluable […]

SPEEDWELL, the real estate developer, received the building permit for Phase 1 of the PALTIM project. The first phase will feature 123 apartments out of a total of 236. Construction works will soon kick off.   SPEEDWELL’s first project in the city of Timisoara, PALTIM, a mixed-use ensemble built around the Transit Oriented Development concept, […]

Romania’s public debt, in both lei and foreign currency, increased by RON20.2 billion (EUR4.1 billion) in January-February 2022, to RON596.8 billion (EUR120.6 billion), in line with finance ministry data.

The average net salary in Romania increased by 0.6% in nominal terms in February 2022 compared with January 2022, to 3,721 lei (EUR753), data from the country's statistics board INS showed Monday.

Stickr, an app developed in Romania, is a new social media platform with a unique code that only allows users to post owned content, automatically certifying the location and timing of the photos or videos posted by using satellite geolocation and placing all posts on a 3D map of the world.   One month after launching […]

Vodafone maximizes the benefits for the new customers in the Easter offers, already available in physical stores and online at www.vodafone.ro. For 7.9 euro/ month, Vodafone mobile services customers will receive the Vodafone Maxim package with maximum NET (NET 500 or NET 1000, depending on the coverage), Vodafone TV, 206 TV channels, Sport and 4K […]

Restart Energy, one of the largest independent suppliers of electricity on the local market, announces the signing of a contract worth over 1 million euros with Florea Grup company, for installing a photovoltaic generator with a power of 1,740 kWp.   The project involves the installation of 3,867 photovoltaic panels, on an area of ​​9,866 […]

Holde Agri Invest, a Romanian company operating farmland, announced its completed the purchase of a new farm in Contesti, Dambovita county.