Romania will have a budget deficit of 7% of gross domestic product (GDP) in 2024, which will be the highest in the European Union, analysts of International Rating Agency Fitch Ratings said in a report released on Sept 17.
Marek Gebski is the new Marketing & Digital Director at Philip Morris Romania, effective October 1, 2024.
The volume of construction works in Romania decreased, in unadjusted data, by 2.7% in January-July 2024 and by 2.5% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Sept 18).
Meta Estate Trust, a holding company operating in the real estate field, has signed memorandums of understanding for the acquisition of four commercial spaces that will be developed in several localities of Romania and subsequently be leased on the long term, of 10-15 years, by German discounter Penny.
One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, has sealed a partnership with Paris Society, part of Ennismore group, to open a Bonnie restaurant within Mondrian Bucharest hotel.
The shareholders of constructions group IBB Holding, with 12 companies operating in the construction field, have approved the issue of bonds with a value of up to EUR10 million, with a minimum 24-month maturity and maximum 60-month maturity, and their subsequent listing on the Bucharest Stock Exchange.
Safety Broker, leader of the insurance brokerage market, ended the first half of 2024 with RON851.6 million gross brokered premiums, up 35% from the same period of 2023.
Luxury conglomerate Cartier, controlled by Richmont group, is looking to open a first monobrand store in Romania, market sources have told ZF.