Category: Uncategorized

Johannesburg-listed real estate investor MAS (JSE: MSP), backed by Africa’s largest pension fund, announced it has completed the transaction with AFI Europe, controlled by Israeli billionaires Roni and Yehuda Naftali, through which it sold 6 open-air shopping centres in Romania for a price of almost EUR 200 million. At an asset value of around EUR…

On July 8, Romania’s central bank (BNR), in line with expectations and based on the assessments and data currently available, and amid very high uncertainty, kept the policy rate at 6.5%. The balanced mix of macroeconomic policies and the implementation of structural reforms, including through the use of European funds, to stimulate long-term growth potential…

Romania’s residential real estate market remains undervalued despite continued price increases, as housing prices remain below levels justified by household income, financing costs and rental prices, according to the National Bank of Romania (BNR). Independent analysts have a different opinion. “Housing prices are below the level of economic fundamentals both nationally and in Bucharest. Regardless…

German cleaning equipment manufacturer Kärcher Group will open a Global Business Service Centre in Timișoara in August, expanding its operations in Romania and creating 80 jobs in the first phase of the project. The new entity will support the company’s global operations and will be part of Kärcher’s international network of service centres, which currently…

German online fashion retailer Zalando will open a multifunctional service centre in Bucharest by the end of 2026, establishing its first local office in Romania after serving the market remotely since its entry in 2022. The new hub will support several business functions, including information technology, human resources, and finance, as part of the company’s…

Romanian president Nicușor Dan said he will hold a new round of consultations with parliamentary parties, most likely on July 13, urging political leaders to present a viable parliamentary majority before he nominates a new prime minister. The consultations come after Dan rejected the two candidates proposed by the main political blocs last week, arguing…

Romania’s logistics and industrial market remains among the most competitive in Europe in terms of occupancy costs, with Bucharest ranking among the most affordable locations analysed globally, according to a report by Cushman & Wakefield. The average industrial rent in Bucharest stands at EUR 4.8 per square metre per month, the fourth lowest among the…

Romanian representatives for the diaspora part of the reformist center-right party Save Romania Union, or USR, have submitted a legislative initiative granting foreign citizens married to Romanians the right to apply for citizenship even if they do not reside in Romania. The bill amends the Citizenship Law so that people who are married to and…

North Bucharest Investments (NBI) continues to develop one of Romania’s most comprehensive residential ecosystems by integrating VIVO Residence into its portfolio of partner developments. The new partnership further strengthens NBI’s position as one of the leading companies specializing in premium residential and investment real estate, bringing together specialized consultancy, technology, marketing expertise, and access to…

Romanian interim defense minister Radu Miruta signed, on the sidelines of the NATO Summit in Ankara, the Amendment to the Memorandum of Understanding with Bulgaria and Turkey, expanding the Mine Countermeasures Task Group in the Black Sea (MCM Black Sea TG) to include the protection of critical underwater infrastructure. According to the Romanian Defense Ministry,…