Category: Uncategorized

Apartment prices in Romania’s first-tier cities continued to rise this year, by double-digit growth rates in some cases, such as Brasov, Bucharest, or Cluj-Napoca. One year ago, in April 2023, 47.3% of the CFA analysts surveyed by CFA Romania Society expected residential prices to drop, and only 13% believed they would further increase. In April…

Romania’s foreign exchange reserves rose by EUR 2.5 billion in May to EUR 65.1 billion at the end of the month after the government raised EUR 3.24 billion with the third series of Eurobonds this year, according to the National Bank of Romania (BNR). The gold reserves (103 tonnes) added another EUR 7.2 billion, resulting…

The annual decline of industrial (factory gate) prices in Romania moderated to 4% y/y in April from 8% y/y in March, after the prices remained virtually stable on a monthly basis, according to the statistics office INS. However, the dynamics were highly contrasting among different categories: the negative growth of the overall industrial price index…

Sphera Franchise Group (BVB symbol:SFG), the largest group in the foodservice industry in Romania, which operates KFC, Pizza Hut and Taco Bell restaurants in a franchise system, benefits from June 4 of the Issuer’s Market Maker services offered by BRK Financial Group. Sphera Franchise Group was listed in 2017 on the Main Market of the…

Workspace Studio, specializing in high-quality office furniture and integrated office design projects, and a Certified Dealer of the MillerKnoll group in Romania, notes a transition this year towards projects where companies aim to maximize the value and quality obtained from a fixed budget. Budget-centred design reflects a growing trend among companies interested in superior solutions…

Voxa, an audiobook platform in Romania, recently launched a rich and diverse collection of stories for young children in audio format. According to the company, the initiative meets the diverse needs of kids aged 0 to 9, as well as those in middle and high school. With a vast selection of over 3,500 titles in…

Seven Finnish Air Force F/A-18 Hornet fighter jets landed at Mihail Kogalniceanu Air Base near Constanta in Romania for NATO’s Air Shielding mission, which will see them conducting both training and real-world sorties along the eastern flank on the Black Sea coast.  The purpose of Air Policing and Air Shielding missions is to provide peacetime…

The Romanian national minifootball team finished first of its group at the 2024 European Minifootball Championship. The team ended the match versus Hungary with a score of 0-0 on Monday, June 3, in Sarajevo, in Group D of the 2024 European Minifootball Championship. Romania controlled the match and had several good chances to score, but…

Italian ambassador to Romania Alfredo Maria Durante Mangoni said in a recent statement that his country “strongly supports” Romania’s full accession to the Schengen Area. The statement was made at the reception organized on the occasion of Italy’s National Day, June 2. The event was attended by the Romanian minister of foreign affairs, Luminița Odobescu.…

The new M4 subway line connecting the North Railway Station with Progress Railway Station and the M6 line tying central Bucharest to the Henri Coanda International Airport have received financing. The financing for the M4 line totals EUR 2.5 billion in EU funds and is one of the largest public investments in Bucharest in recent…