Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic growth forecast for Romania to 0.8%, down from its previous estimate of 1.9%.
Mihai Ionescu, former CEO of Deutche Bank Romania, was recruited by KingsRock Advisors, a global independent financial advisory firm headquartered in New York, to coordinate the company's Eastern European operations from Bucharest.
The demand for logistics and industrial spaces reached 575,000 square meters in the first nine months of 2024, which is lower by 20% compared with the same period of 2023, according to real estate consulting company Cushman & Wakefield Echinox.
Low-cost carrier Wizz Air has announced on Nov 14 the expansion of its Bucharest base with the addition of an Airbus A321neo aircraft in the summer of 2025, bringing the total to 19 aircrafts.
Romania's economy increased by 1.1%, in unadjusted data, in the third quarter of 2024 compared to the same period of 2023, but remained unchanged in real terms versus the second quarter of 2024, flash data from the country's statistics board INS showed on Thursday (Nov 14).
IMMO GURU, a company that operates in the field of renting own real estate as short-term and long-term accommodation, has made its entry to the AeRO market of the Bucharest Stock Exchange today, the 14th of November, under the ticker symbol IMMO.
Alternative investment fund Infinity Capital Investments ended the first nine months of 2024 with RON137.8 million net profit, 179% above the year-earlier period level amid income from dividends received.