A mission of the International Monetary Fund (IMF) will visit Bucharest February 3-7, 2025, Geoff Gottlieb, IMF Senior Regional Representative for Central, Eastern and Southeastern Europe, announced in a press release sent on Thursday."The Fund's team will meet with the representatives of the new Romanian Government and the National Bank of Romania to review recent economic and financial developments and update the macroeconomic outlook. The mission will be headed by Mr. Joong Shik Kang, who has replaced Mr. Jan Kees Martijn as Romania mission chief. Mr. Martijn has been assigned to a new post in line with the IMF's internal policies.'Joong Shik Kang, a South Korean national, is currently the head of the IMF mission in Romania and Greece. Previously, he was Head of the IMF Mission in Hong Kong and Deputy Head of the IMF Mission in China. Previously, he was Assistant Director of the Asia and Pacific Department and Head of the IMF Mission to the Marshall Islands. He studied economics at the University of Seoul and holds a Ph.D. in economics from the University of Wisconsin-Madison.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually assesses the evolution of the Romanian economy based on Article IV consultations.The consultations are a supervisory exercise that is mandatory for all member states. The purpose of Article IV consultations is to examine the financial and economic situation at national level and to make general recommendations on monetary, financial and economic policies to be pursued in order to ensure stability and positive developments in the economy.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
