The latest Cushman & Wakefield European Luxury Retail 2025 report shows that the European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years, while Romania became an emerging luxury market with plenty of room to grow, despite the 120% growth between 2019 and 2023.
European luxury retail sales increased by 4% vs. 2023, but below the growth rates recorded in 2023 and 2022, which stood at 7% and 23%, respectively. This shows...
Portugal is the guest country at this year's edition of Bookfest International Book Fair, which will take place between May 28 and June 1 at Romexpo, in Bucharest. The fair will be an "opportunity for Romanian readers to rediscover Portuguese literature and explore the Portuguese cultural diversity through the books, authors, translators, and publishers that […]
Romania’s national tax collection authority (ANAF) has identified over 22,000 individuals who rented out properties on Airbnb and Booking, earning a combined income of RON 260 million (EUR 52.3 million) between 2023 and 2024, Ziarul Financiar reported. According to ANAF, only 20% of these operators have declared...
Romanian investment fund Fondul Proprietatea (BVB: FP), having in its portfolio stakes in companies such as Salrom and Aeroporturi Bucureşti, announced that, following the selection process for a new alternative investment fund manager, the company has shortlisted two candidates: an AIFM based in Luxembourg, in partnership with a global infrastructure asset manager, and an AIFM […]
Norofert (BVB: NRF), a producer of organic inputs and supplier of biotechnology for agriculture, listed on the AeRO market of the Bucharest Stock Exchange, announced its turnover rose by 12% y/y to RON 45 million (EUR 9 million) in 2024. The company also said it returned to profit in 2024 (RON 3 million), supported by […]
Telecommunications operator Digi Romania, the local subsidiary of the Romanian group Digi Communications (BVB: DIGI), has secured two export credit loans totaling EUR 54.76 million to expand its network infrastructure in Romania and Portugal, according to a note to investors sent by Digi. The loans, which have a four-year maturity, will commence on April 30 […]
Romania's largest refinery, Petromidia, part of Rompetrol Rafinare group controlled by the KMGI group, will increase its fuel exports to 1.76 million tonnes this year to reach the highest volume of exports in six years. The group's exports will account for 35% of its output. Even though the domestic market remains a priority, the plan […]
