Romania's economy is expected to rebound at a slower rate than previously expected at around 1.8% this year (down from 2.6% y/y projected in September), given the pressure to cut government deficits in an increasingly challenging domestic and external economic environment, according to the Regional Economic Prospects 2025 report issued by the European Bank for Reconstruction and Development (EBRD).
This would mark a gradual recovery after the modest 0.7% performance in 2024.
However,...
Investment company Solida Capital Europe entered the Romanian real estate market with the acquisition of the Victoria Center office building from Manova Partners, formerly Macquarie Group. The purchase price has not been disclosed. Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers roughly 8,600 square meters of […]
Romania’s power grid operator Transelectrica (BVB: TEL) and gas grid operator Transgaz (BVB: TGN) both posted higher revenues and strong profit increases in 2024 as they benefitted from higher regulated tariffs for their core operations. Transelectrica...
The leader of the center-right European People's Party (EPP) group in the European Parliament, Manfred Weber, has expressed confidence in Romania's democracy and institutions amid recent developments connected to far-right politician Călin Georgescu. "The EPP stands by its partners in Romania to ensure free and fair elections, the foundation of any strong democracy," Weber stated. […]
MedLife achieved a Pro forma consolidated turnover of RON 2.76 billion in 2024, up 25% compared to 2023, moreover, recording in the last five years increases in turnover of over 20%. Despite the growth and consolidation of its leading position, the company navigated cautiously last year, taking into account the increase in debt and the […]
At Café Athenée, a timeless noble tradition comes to life with the Afternoon Tea Experience, now available every day from 3:00 to 6:00 PM, upon reservations made at least 24 hours in advance. Guests can indulge in a selection of finely crafted pastries, delicate finger sandwiches and premium teas, curated to create a truly elegant […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, posts solid preliminary results for 2024 – a consolidated turnover of RON 412 million (EUR 83 mln), 2% above the revenue and expense budget revised in Q3 2024, EBITDA of RON 60 million (EUR 12 mln), +11% compared to the […]
