Central Europe’s private equity (PE) firms’ confidence hits lowest level since the global financial crisis, as a result of the COVID-19 impact, but deal-doers are more optimistic than during the 2008 crisis, according to the latest Deloitte CE Private Equity Confidence Survey. The confidence index, which has been decreasing since the end of 2017, is now at 62, the second historical lowest after October 2008, when it reached 48. Seven in ten professionals in Central Europe private equity houses forecast a decline in market activity and worsening economic conditions, given that the regional economies, which are largely consumer-driven, are expecting significant GDP contraction in 2020 amid demand shrink caused by unemployment rise.
MINA Cluj, the largest immersive art center in Europe, opened its doors for a preview last week, offering an initial experience of the show and interactive installations. The official opening took place with MINA representatives, local authorities, and special guests who spoke about the impact the new cultural space will have on Cluj in particular, […]
A total of 975,582 Romanian tourists traveled to Turkey by the end of the third quarter of 2024, a record compared to past years. According to data, over the nine months, Turkey’s tourism sector reported a 16% increase in Romanian visitors compared to the same period in 2023 (821,639) and a 26% increase compared to […]
The National Art Gallery of the Brukenthal Museum in Sibiu will open to the public on November 24 following extensive restoration and modernization efforts, the institution announced. The National Art Gallery will present an exceptional collection of sculpture, photography, historical artifacts, books, drawings, and more. This exhibition will draw from the Brukenthal National Museum’s extensive […]
MASTERBUILD General Contractor & Developer completed the construction of a new shopping center in Pitești, southern Romania, developed by Square 7 Properties in partnership with Belgian investment fund Mitiska REIM. The new Pitești Shopping Park is located in the northern area of Pitești, covering a total leasable area of 24,000 sqm. Located on Nicolae Bălcescu […]
We’ve recently started to talk more about burnout, yet it remains a hidden health problem. That’s because people experiencing burnout often feel ashamed to speak about it. I know this firsthand, as I felt that same shame, in my professional life before becoming a psychologist. I suffered from burnout while working as a media entrepreneur […]
Romanian president Klaus Iohannis, prime minister Marcel Ciolacu, and other Romanian politicians and officials have congratulated Maia Sandu for her re-election in the presidential elections in the Republic of Moldova. Maia Sandu secured a second term as Moldova’s president, winning over 55% of votes overall. The pro-Russian candidate Alexandr Stoianoglo won 44.65% of votes, and […]
