Romania’s Prime Minister Sorin Grindeanu will pay a visit to Vienna on Tuesday, where he will have a meeting with Austria’s Chancellor Christian Kern, and participate in a Romanian-Austrian business roundtable. According to the Government’s press office, Grindeanu’s meeting with Christian Kern will take place around noon, at the Federal Chancellery, and will be followed […]
General mayor Nicușor Dan announced the public consultation of a draft decision approving the Bucharest Velo Master Plan, a strategic document aimed at developing the cycling infrastructure network over the next decade. The plan envisions a major network of 150 km of bike lanes and a secondary network of 415 km by 2035. The document […]
Lion’s Head Investments has entered the Romanian logistics market with the acquisition of a 155,000 sqm land plot in Popești-Leordeni, near Bucharest. The company, a joint venture between AG Capital and Old Mutual Property, plans to develop an 85,000 sqm logistics park on the site, with construction set to begin in the first half of […]
The Romanian tourist sector saw an increase in arrivals in 2024, with a total of 14.26 million people registered in accommodation structures, including apartments and rental rooms. This represents a 4.5% increase compared to 2023, according to data released by the National Institute of Statistics (INS) on Wednesday, February 5. Most of the arrivals, namely […]
The budget execution for foreign trips in 2024 amounted to over RON 28.49 million (some EUR 5.7 million), while the allocation for 2025 is set at RON 17.27 million (EUR 3.4 million), according to an announcement made by the Presidential Administration during parliamentary debates on the 2025 state budget proposal. Regarding the classified status of […]
When investors analyze opportunities in the real estate sector, it is essential to carefully assess the risks to avoid complicated situations in the long term. Recent issues in real estate have demonstrated how important it is to avoid legal, financial, and operational pitfalls that can turn an apparently safe investment into a major challenge. In […]
The public pension budget in Romania will increase by 10.7% y/y to RON 150.8 billion (EUR 30 billion) in 2025, accounting for 7.9% of the projected GDP, according to the budget planning quoted by the National House of Public Pensions (CNPP), Daniel Baciu, during the debates on the social insurance budget draft in the joint […]
