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GELD Capital Management and its subsidiary REPACO Capital are expanding their footprint in Romania’s retail real estate market with three new retail parks set to open in 2025 in Curtea de Argeș, Breaza, and Brașov. The total investment for these developments exceeds EUR 20 million, as the companies target smaller urban centers with high demand…

Galați County Council has approved plans to build a new Integrated Palliative Care Center aimed at easing the suffering of patients with advanced and incurable diseases such as late-stage cancer. The new facility will feature 50 beds across four floors and include modern facilities such as treatment rooms, psychological counseling offices, physiotherapy spaces, and social…

The Romanian mergers and acquisitions (M&A) market recorded 51 transactions in the first quarter of the year, with an estimated combined value of USD 1 billion, reflecting a 25% decrease in the number of transactions and 29% in value compared to Q4 2024, according to an EY analysis quoted by Ziarul Financiar. The lower estimated…

Over 13,200 houses and apartments were sold in Bucharest and its surroundings in the first three months of the year, down 4.3% compared to the same period in 2024, reveals an analysis by the real estate consulting company SVN Romania based on statistics from the National Agency for Cadastre and Real Estate Advertising (ANCPI). Over…

The feasibility study regarding the Bucharest-South Airport is underway and will most likely be completed by the end of next year, according to Daniel Băluță, the mayor of Bucharest’s District 4, quoted by Profit.ro.  He previously indicated that the total execution period could extend up to 8 years. In the spring of 2024, Daniel Băluță…

Romania’s current account (CA) deficit surged 2.7 times to EUR 3.18 billion in February, and the deficit in 12 months to February rose by 43% y/y to EUR 31.8 billion, according to data published by the National Bank of Romania (BNR). Driven by robust private consumption and a wide public deficit, the country’s external deficit…

Romania’s headline inflation eased from just above 5% y/y in February to 4.86% y/y in March – in line with expectations but well above the 4.6% y/y target set by the central bank, according to data published by the statistics office INS. The core inflation increased to 5.3% y/y in March from 5.0% y/y in…

The average net wage in Romania remained constant in February (+0.4% m/m), but this was enough to result in a significant 9.7% y/y advance (+4.7% y/y in real terms), according to data published by the statistics office INS. In absolute terms, the net average wage reached RON 5,351 (EUR 1,075) in February. In euros, the net…

The Electoral Bureau (BEC) in Romania ruled that the reformist party USR can not support other presidential candidate than the one registered initially at the beginning of the campaign, thus preventing the party from backing Bucharest mayor Nicușor Dan – as the party decided last week. The Electoral Bureau recalled that the withdrawal of candidacy…

The latest electoral poll on the May presidential elections in Romania confirms the leading position of far-right candidate and AUR leader George Simion (26% of the options expressed by those polled), followed closely by the ruling coalition’s candidate Crin Antonescu (23%).  The independent candidate Nicusor Dan, the current mayor of Bucharest, comes in third place…