Romania's Finance Ministry raised RON399.4 million from banks on Monday (November 27), below the planned level of RON600 million, selling bonds due in May 2027, at an annual average yield of 6.64%.
Oves Enterprise, a Romanian software development company based in Cluj-Napoca, announces the launch of the first demining drone - Hyper Drone.
Genesis Property has announced the completion of works on Phase 2 of the YUNITY Park project following an investment of EUR20 million.
The Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out a new offer on Bucharest Stock Exchange (BVB), between November 27 and December 15, 2023.
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania.
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus, as per GlobalData’s latest report, “Global Macroeconomic Outlook – Q4 2023 Update.”
Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and hiked taxes, reveals an analysis conducted by consulting firm Frames.