Category: Uncategorized

If January is a month to seek the comfort of classics, so is February. And Bucharest surely delivers these days. Il Cinema Ritrovato on Tour arrived for its second edition in Bucharest, and I am delighted to see it was not a singular event last year. Taking place in the Italian town of Bologna, Il…

Divo Pulitika, fund manager at InterCapital Asset Management, noted in a recent analysis that the downgrades of Romania’s credit rating outlook from Stable to Negative by Fitch on December 24, 2024, and S&P on January 24, 2025, underscore growing concerns over the country’s fiscal and economic stability.  InterCapital Asset Management is the largest independent investment…

Over 50 Christmas trees were thrown into the Tileagd reservoir, near Romania’s western city of Oradea, to serve as shelter for fish.  All 53 trees, provided by the company Eco Bihor, had weights and environmentally friendly ropes attached. With the help of a boat, volunteers dropped the trees into the lakebed. The ecological initiative was…

EBRD Chief Economist Beata Javorcik, present in Bucharest on February 5, 2025 to discuss the 2024-2025 Transition Report for Romania, told Romania Insider that the global and regional economic problems, such as high energy prices, economic slowdown in Germany and US tariffs, should create an imperative for change in Europe and Romania.  The European Bank…

Timișoara, a major city in western Romania, is moving forward with the National Museum of the Anticommunist Revolution of December 1989, as the municipality has approved the Urban Zoning Plan (PUZ) for its development. The project is overseen by the Ministry of Culture. The museum will be built in the courtyard of the former Military…

Romania’s National Cybersecurity Coordination Center will collaborate with European partners and other National Cybersecurity Coordination Centers within the European Union to support the implementation of the Cyber Resilience Act (CRA) through an online platform integrating technical documentation, risk assessment procedures, and resources for manufacturers. The announcement was made by the Authority for the Digitalization of…

Over 80% of employers in Romania plan to raise salaries this year, with most increases expected to be between 6% and 10%, according to the Randstad Romania HR Trends 2025. The survey shows that the business environment looks to 2025 with moderate optimism. Roughly 43% of companies anticipate revenue growth in 2025 (compared to 41%…

Romania’s industrial and logistics real estate market continued to grow in 2024, with deliveries totaling approximately 400,000 sqm, bringing the total stock to 7.4 million sqm, according to the annual report published by Colliers. Interest from both international and local investors has increased, and major transactions, such as the expansion of retailers LPP and Deichmann,…

Romania’s tax agency ANAF has launched an internal investigation following the publication of information alleging that several tax inspectors concealed irregularities found at controversial real estate developer Nordis. The company is targeted by a DIICOT investigation, with five people currently under preventive arrest for several corruption allegations, including Laura Vicol, the former Social Democrat (PSD) head…

Main commercial trends and financial indicators of BRD Groupe Société Générale at December 31 st , 2024 at consolidated level, according to the International Financial Reporting Standards (IFRS): Solidly supporting business growth • significant corporate financing activity (+29% YoY), fueled by impressive performance on both SMEs (+26.4% YoY) and large corporates (+31.1% YoY) • loan…