The recent volatility of Romanian shares is determined by political evolutions, an obvious phenomenon both in the stock market and that of state bonds and in the exchange rate as well, said Adrian Codiriasu, the president of CFA Romania. “What we see now is a high volatility of the price of Romanian assets in the context of political evolutions. We saw that with the Stock Exchange, state bonds and in the euro/leu exchange rate. For Romania it is extremely important to absorb money from PNRR, as they are become state budget incomes. If this target is not reached, it will have great impact on the sustainability of budget deficit. As mentioned by rating agencies, attracting EU funds is also essential to maintain the rating of economy recommended for investments. Budget and current account deficits continue to be unsustainable and reform is still needed in the public sector. If stopped, this thing will have automatic impact on the investors' confidence in Romanian economy,” Adrian Codiriasu said on Thursday. On Thursday, the national currency depreciated against the euro and was calculated by BNR at 5.1417 lei, on the rise by 4.13 bani (0.8%) against the previous quotation of 5.1004 lei, recording a new historic high.
The Bucharest office market has shown early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting a renewed occupier appetite for future office spaces. The current development pipeline, exceeding 215,600 sq.m, the highest level in recent years, is expected to be gradually absorbed, according to data from the Cushman & Wakefield Echinox […]
The European Bank for Reconstruction and Development (EBRD) has officially launched its Risk Sharing Facility in Romania extending EUR 270 million in “green financing” to Romanian banks under the InvestEU program. Through its InvestEU guarantees, the EBRD expects to mobilize new green financing for individuals and companies in Romania, ensuring much-needed energy savings and carbon […]
The Haferland Week Festival will take place this year in Romania between August 6 and 9, celebrating local Saxon culture with a series of events themed “Longing for Transylvania.” The event will take place in 10 localities: Archita, Saschiz, Homorod, Rupea, Criț, Roadeș, Meșendorf, Cloașterf, Bunești, and Viscri. According to the organizers, the theme is […]
EUROPAfest will return to Bucharest between July 3 and July 12, bringing artists from 14 countries to the Romanian capital for the festival’s 33rd edition. The organizers said this year’s event will place a stronger focus on jazz while also continuing to feature blues, pop, and classical music performances. Artists from France, Italy, Ireland, Canada, […]
CPI Property Group has secured EUR 100 million in financing for Sun Plaza, one of the largest shopping centers in Bucharest. The funds were arranged through a club-deal involving OTP Bank and ING Bank Romania. The company said the transaction was signed through its subsidiary CPI Europe AG and also marks the beginning of a […]
Aquila (BVB: AQ), a major player in the Romanian market for integrated distribution and logistics services for fast-moving consumer goods, or FMCG, has inaugurated its new logistics center in Bacău, a strategic project in which the company invested over EUR 1.2 million. The new logistics infrastructure integrated the relocated operations into a modern facility with […]
