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Homebuying intentions are rising in Romania, but fewer people are actually purchasing homes, as affordability pressures reshape the residential market. A new report by Colliers noted a widening gap between demand and completed transactions. According to the survey, conducted among 1,000 urban residents, 42.5% of respondents plan to buy a home within the next 6-12…

Subway fares in Bucharest could increase again starting next month, after Metrorex proposed raising the price of a single journey from RON 5 to RON 7. The increase could come into effect on May 1, pending approval, Digi24 reported. The transport minister told Digi24 that the proposal is currently under review, with authorities assessing whether…

The Victoriei underpass, one of the busiest traffic points in Bucharest, is set to undergo major consolidation and modernization works, the City Hall announced. Authorities said the structure is in critical condition after not being rehabilitated since 2009. The underpass, built in 1987 and spanning 635 meters, shows advanced structural degradation, including cracks, water infiltration,…

The General Council of Bucharest approved on April 2 a major restructuring of the City Hall apparatus, reducing the total number of positions by roughly one-third as part of an administrative reform. The reorganisation lowers the number of approved positions from 1,272 to 848, Digi24 reported. Of these, 694 will be public positions, including 87…

Bucharest Exchange-listed Purcari Wineries (BVB: WINE), one of the leading wine groups in Central and Eastern Europe, on April 3 announced that its Romanian subsidiary, Crama Ceptura, has signed an agreement to acquire 100% of the share capital of CaraprodVin, a wine producer from Vârteşcoiu commune, Vrancea County. The move marks Purcari’s expansion in the…

Renalfa Power Clusters, a recently formed joint venture between the Vienna-based clean energy and electric mobility investment group Renalfa Solapro Group and the Paris-based investment management company Rgreen Invest, through its Infragreen equity funds, has acquired a PV plant and a BESS system in western Romania, with plans to combine and expand the project, which…

Romania’s Ministry of Finance announced the yields of the 1, 3, and 5-year bonds sold to households under the Tezaur scheme in April – when the coupons attached to the 3 and 5-year papers will rise by 0.5pp compared to March, at 7.00% and 7.50% respectively.  The 1-year bonds will pay 6.5% yield, compared to…

International rating agency S&P on April 3 affirmed Romania’s BBB- sovereign rating, but also its negative outlook, sketching a scenario of steady medium-term fiscal consolidation for this year and beyond – which would keep the growth rate subdued this year (0.25%) but correct the external deficit in the coming years. Nevertheless, S&P warned of the…

A Romanian court has lifted the judicial control measure imposed on former presidential candidate Călin Georgescu, ending more than 14 months of restrictions. The decision, issued by the Bucharest Tribunal late last week, is final and comes as the case in which he is accused of promoting legionary ideology moves forward in court, News.ro reported. The…

The General Council of Bucharest approved on Thursday, April 2, the establishment of a network of “climate shelters.” The areas will be set up in public spaces and spaces belonging to private entities, where people will be able to take shelter free of charge during periods of heatwaves or frost. According to the adopted document,…