Category: Uncategorized

Romanian developer Forty Management said that it started the development of Lagoon City in Seville, Spain, following an investment with a gross development value of more than EUR 100 million. The first phase consisted of acquiring a 12 ha (120,000 sqm) site in Bormujos, a suburb of Seville. The transaction is conditional on the seller…

Premier Energy SRL has separated its natural gas supply and distribution activities to comply with European regulations. Following the division, the group now operates through two distinct entities: Premier Energy SA, responsible for natural gas supply, and NeoGas Grid, which manages natural gas distribution services. Premier Energy announces the legal separation (“unbundling”) of its natural…

MAS PLC, a leading property investor and operator in Central and Eastern Europe (CEE), sold a portfolio of seven strip malls in Romania to M Core Group. According to Cushman & Wakefield Echinox, which assisted the seller in the deal, the retail assets have a total gross leasable area of approximately 32,000 sqm, located in…

Romania’s leading ruling partner, the Social Democratic Party (PSD), endorsed Crin Antonescu, who was proposed by the Hungarian party UDMR and has already been endorsed by the Liberals (PNL) as the ruling coalition’s presidential candidate. He also set a conservative agenda for the electoral campaign. In his position as PNL president, Crin Antonescu brought his party…

The Romanian Ministry of Energy has sent a request to energy companies in which the state is a shareholder and to public institutions in the energy sector to analyze the negative effects of the European Union’s Green Deal policies and European and national environmental legislation on them, Ziarul Financiar reported. The move comes in the…

Romania’s power transport and grid operator Transelectrica (BVB: TEL) announced that it has registered with the Trade Register the Joint Venture GECO Power Company – Green Energy Corridor Power Company, a limited liability company based in Romania, which will implement the Green Corridor project supposed to bring green energy from Azerbaijan. The project, estimated to…

The yields of Romania’s long-term (10-year) bonds on the secondary market eased by 41 basis points (bp) w/w to 7.61/7.36 (bid/ask)  on January 31, to the lowest levels since January 9. The government drafting a budget planning in line with the fiscal consolidation plan, without supplementary tax hikes, apparently improved investors’ sentiment.  However, the borrowing…

The general government budget deficit is likely to reach 7.7% of GDP in 2025 (cash terms), 0.7 percentage points (pp) above the government’s target of 7% of GDP, according to projections drafted by the Fiscal Council (CF) in its preliminary opinion on the budget planning endorsed by the executive on February 1.  “The 7%  deficit…

Victor Ponta, former Social Democrat (PSD) leader, former prime minister and presidential candidate for the Social Democrats, currently MP and advisor to prime minister Marcel Ciolacu, stated on February 2, after the PSD Extraordinary Congress, at which he was unable to give a speech, that he is “very determined” to enter the presidential campaign. “The…

The collection of gold and silver artifacts from 18 local museums has returned to Romania after being displayed in the exhibition Dacia! Empire of Gold and Silver hosted by the Drents Museum in Assen, the Netherlands. The exhibition, which ran from July 7, 2024, to January 26, 2025, attracted 84,336 visitors, marking three decades since…