The figures place Romania as the country with the best dynamics in Europe, one of the best economic dynamics in the world, according to Marcel Ionescu-Heroiu, senior expert urban development with the World Bank, which says that this year our country has surpassed, for the first time, Hungary as GDP/inhabitant.‘In 2020, Romania has surpassed Slovakia, as GDP/inhabitant, and this year our country has surpassed Hungary, which is a unique economic performance, which is a first. If the trends are in a horizon of one or two years, we will surpass Poland’ stated the WM official in a videoconference Caravan Smart City Sibiu, organized by the Romanian Association for Smart City, together with the Town hall Sibiu, according to a press release sent on Friday.Marcel Ionescu-Hoeroiu spoke about the importance of keeping the attractiveness of the functional urban areas and the human capital which they draw.‘The functional urban areas in Romania are the ones which contribute most to the economy, those being the areas where, at least 15% of the workforce commute to a town or a city, generating 98% of the GDP Romania. Thus, if they do not function, the economy does not work. Practically, what matters are the people, the productiveness and consumption’ he said.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
