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OTP Bank analysts: Local growth slowdown expected to persist, and fiscal measures and higher oil prices will temporarily halt disinflation

October 30, 2023

OTP Bank analysts: Local growth slowdown expected to persist, and fiscal measures and higher oil prices will temporarily halt disinflation Fiscal risks are significant and further measures are needed to bring the budget deficit to the 3% target by 2024. According to OTP Bank analysts, the local economy is experiencing......

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Romanian builder Novarion officially announces intention to list shares on Bucharest Stock Exchange

Construction and real estate development company Novarion has announced its intention to list on the AeRO market of the Bucharest Stock Exchange by the end of the year or at the beginning of next year. Listing will take place following a EUR 70,000 grant obtained through the EU-backed National Recovery and Resilience Plan, or PNRR. […]

“Robot Cellist” to perform in Bucharest during expo-conference GoTech World 2025

“The Robot Cellist,” the visionary project of international artist Fredrik Gran, will perform during GoTech World 2025, the largest IT and digital solutions expo-conference for the business environment in Central and Eastern Europe. Created by Swedish composer Fredrik Gran, “The Robot Cellist” reinterprets the cello through technology, blending tradition with innovation. It has already appeared […]

Romania has 7th fastest Wi-Fi connection onboard trains in ranking of Asian, European countries

Romania is 7th in a ranking of the fastest Wi-Fi connections available onboard trains in 18 countries in Europe and Asia, according to an analysis by internet speed testing service Ookla.  With a median download speed of 12.46 Mbps, Romania offers Wi-Fi more than twice as fast as Italy (4.78 Mbps) and Poland (4.72 Mbps), […]

“Garden of Lights” returns to Bucharest Botanical Garden with new “Small World” exhibition

Bucharest’s Botanical Garden will once again be illuminated this fall as the “Garden of Lights – Small World” exhibition opens to the public on October 24. The nighttime event will feature thousands of light installations, colorful lanterns, multimedia projections, and interactive displays inspired by landmarks and cultures from around the world. Visitors will embark on […]

Metropolis Foundation starts construction of EUR 16.5 mln pediatric psychiatry hospital in Bucharest

The Metropolis Foundation announced the start of construction works on Romania’s largest pediatric psychiatry hospital, a project valued at over EUR 16.5 million. The new facility will be built within Bucharest’s “Prof. Dr. Alexandru Obregia” Psychiatric Hospital. The 3,900 sqm building will include modern wards, medical offices, occupational and virtual reality therapy rooms, sensory and […]

Agentic AI company Wonderful enters Romanian market, appoints Lucia Stoicescu as Country Manager

Global enterprise AI agent platform Wonderful announced on Monday, October 13, that it entered the Romanian market and appointed Lucia Stoicescu as Country Manager.  Founded in early 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful provides an integrated agent platform allowing enterprises to build, manage, and monitor AI agents serving customers. Winkler previously […]