Members of Concordia Patrons Confederacy express their hope that the political crisis crossed by Romania should end as soon as possible. “Citizens' expectations, also shared by businessmen, are that their representatives in Romania's Parliament and Government should place on a secondary level party problems and immediate political agendas when social and economic matters with major impact on people' s lives claim unity and collaboration. Only thus we can, together, citizens, authorities and businessmen, succeed in taking advantage of the economic growth we experience to build a sustainable and productive national and European future”, wrote the Concordia members in an open letter sent to the Presidential Administration and parliamentary parties. Stability and predictability are key elements of investment decisions, and an extended political crisis could affect even projects being implemented. Such a crisis comes to add to the uncertainty created by the pandemic. “Concordia members appeal to all political leaders to find the quickest way of reaching a common denominators which should ensure Romania's well being and that of its citizens, as well as their confidence that their primary, social and economic interests are above immediate political calculations,” the letter reads. Concordia represents 15 of the most important sectors of the national economy and is a social dialogue partner, representative at national level. With a total of over 350,000 employees in over 2,000 big and small firms, with foreign and local capital, Concordia is the only organization in Romania member of BusinessEurope, the International Organization of Employers and Business at OECD.
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 […]
