Romania Feed

Since the pandemic, more companies have adjusted to remote working and despite people being back in the office, employees around the world are looking for more flexible roles.

The Romanian art market followed an upward trend in 2022, supported by the emergence of new generations of collectors oriented towards investment and return, as well as by the accessibility of online auction channels, says Artmark auction house.

NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, obtained a green loan worth EUR60 million, for Ploiesti Shopping City, from a banking syndicate led by BRD Groupe Société Générale.

The vast majority (73%) of Chief Executive Officers (CEOs) expect the global economy to shrink in 2023, according to the PwC CEO Survey.

The capital market in Romania managed to reach new all-time highs on three levels of liquidity after the year 2022 was marked by volatility and uncertainties, registering new highs at the level of total trading value, average daily liquidity, and number of transactions.

The Bucharest Stock Exchange (BVB) informed on Wednesday (January 18) that BNETR16 pre-emptive rights issued for the share capital increase carried out by Bittnet Systems (BNET) will be trading on its Main Market.

Stomatology clinic network Life Dental Spa has budgeted investments of above EUR2 million to open at least five new clinics and aims to double its turnover, to more than EUR20 million, in 2023.

Real estate developer STC Partners got a EUR6 million funding from Banca Transilvania to develop the first phase of housing compound Quartier Azuga located in Doamna Ghica area, with the phase due to be completed in the first half of 2024.

Andrei Rusu, general manager of Ensana Health Spa Hotels group, the former Danubius, which owns three hotels in Sovata resort, says the group expects RON82 million turnover in 2023.

One United Properties is now focusing on developments in the office, commercial and housing segments, but also plans to expand on the hotel one, says Victor Capitanu, co-founder and co-CEO of the company, and Bucharest is the primary location for these developments.

Romanians spent EUR6.5 billion on vacations abroad in the first eleven months of last year, and the whole-year spending will most likely overshoot the EUR7 billion mark, ZF has calculated from the latest central bank data for January-November 2022.

Hidroelectrica, Romania's largest energy producer, will put several investment projects in several of its key units worth more than RON1 billion to a vote at a general meeting of shareholders in the middle of next month, public data show.

Eazy Asigurari, the first insurtech in Romania to recently receive the approval of the Financial Supervisory Authority (ASF), plans to invest EUR50 million over the next three years, with the main lines of business being the auto, property and health areas and could start issuing policies in the second quarter of 2023, Theodor Alexandrescu, chairman of the Board of Directors of Eazy Asigurari, said on ZF Live.

Romania’s Competition Council is looking into a transaction by which Elit SRL plans to acquire the company Good Meat Production SRL

Romania's finance ministry raised RON2.2 billion on Monday (Jan 16, 2023) selling bonds maturing in February 2032, at annual an average yield of 7.68%.

Sergiu Oprescu, Executive President of Alpha Bank Romania and General Manager of the International Network of the Alpha Bank Group has been appointed Deputy Chairman of the European Mortgage Federation (EMF) for the mandate 2023-2024.

Dubbed ‘Blue Monday’, the third Monday of the new year is considered by experts as the most depressing day of the year due to frequent weather changes, the end of the festive season and low motivation levels, as per a survey conducted by online recruitment platform BestJobs.

UK’s Vodafone Group, one of the largest global players in the communications industry, decided on November 22, 2022 to increase the share capital of its Romanian subsidiary by RON500 million, a document it published in the Official Gazette of January 13, 2023 shows.

Romanian software producer Softbinator Technologies said it recruited and appointed Vlad Deliu as Chief Financial Officer on a group level.

America House, the Iconic Class A office building, located in the heart of Bucharest CBD, is the first – Class A office building in Bucharest to obtain an OUTSTANDING rating according to BREEAM In-Use certification methodology, after a major investment of 10 million euros.