The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Romania’s stock market is recording one of the biggest gains in Europe, and investors are optimistic about the continuation of the trend, as more companies are expected to list on the stock exchange, reports Bloomberg. The BET index had a return of almost 40%, in dollars, in the last 12 months, the fifth best performance among the more than 90 stock indices tracked by Bloomberg. Even after the decline in August, the BET index is close to its all-time high, having risen in 13 of the last 15 months. The initial public offering, in the amount of 1.8 billion dollars, carried out last year by Hidroelectrica SA brought even more foreign investors to Romania. This also helped to revive the interest of local investors in the stock market, boosting valuations and the volume of transactions, even if the latter remains low compared to international standards. Although the growth rate of the Romanian economy has slowed down, estimates point to a recovery, thanks to interest rate cuts and the moderation of price increases. The improvement of macroeconomic perspectives adds to the bets that the capital market in Romania will be improved by MSCI, possibly even next year, to the status of an emerging market, from the current state of the frontier market.
The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Electrical cable manufacturer ELECTROPLAST is carrying out an investment project estimated at over EUR 9 million for modernizing the production unit and expanding its facilities. This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint. ELECTROPLAST is participating in the modernization of Romania's railway infrastructure. The company recently contracted...
Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique […]
The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth […]
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]