North Bucharest Investments (NBI) proudly announces the exclusive addition of Primes Lake Collection to its portfolio. A limited collection of eight boutique apartments, located on the shores of Floreasca Lake, each occupying an entire private floor – an architectural concept unique to Bucharest. Every apartment offers an exceptional level of privacy and exclusivity, standing as a statement of refinement and urban independence.
Each residence is offering...
After the IPO conducted by Romanian cold-cuts producer Cris-Tim was heavily oversubscribed on the retail segment during the first days (when a discount applied), the institutional investors have already covered their segment with offers - while the price has still not increased significantly above the lower-end bound, according to
Romania's telecom operator Digi Communications (BVB: DIGI) announced on October 23 in a note to investors that it has increased the bond issue initially announced at EUR 500 million to EUR 600 million, setting an interest rate of 4.625% per year and maturity in 2031. Most of the money will be used for refinancing. The […]
The Ministry of Finance confirmed in a press release that Romania has obtained the agreement of the European Commission to replace the milestone in the PNRR regarding the reduction of the VAT gap and has avoided a loss of up to EUR 1 billion in grants in 2026. Following negotiations between Alexandru Nazare, minister of […]
The construction works volume contracted by 2.1% y/y in August after the unusually strong 40% y/y surge in July that could be attributed rather to accounting or other bureaucratic developments caused by the budgetary measures implemented by the government, according to data published by the statistics office INS. The seasonally-adjusted works volume index dropped by […]
Romania’s government estimates its public deficit to reach 8.4% of GDP under ESA methodology this year marking a 0.9 percentage points (pp) consolidation from 9.3% of GDP in 2024, and targets stronger, 2.4pp consolidation to a 6%-of-GDP deficit in 2026 under the progress report sent to the European Commission (EC) under the Excessive Deficit Procedure […]
The City Hall of Brașov, a popular mountain city in central Romania, announced the introduction of a new traffic safety system that uses radar-equipped traffic lights to stop speeding drivers automatically. When a vehicle is detected going over the...
