Category: Uncategorized

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Romanian retail chain Annabella, developed by local entrepreneurs, took over 82 Profi stores and 5 Mega Image stores in a deal aimed at facilitating the expansion of the Mega Image retail chain that took over Profi from MidEuropa Partners for EUR 1.3 billion, Profit.ro announced. The 87 stores taken over by Annabella may not mean…

PwC warns Romania’s proposed tax on shifted profits would curb foreign investments

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The new tax on shifted profit proposed by the government is significantly impacting the attractiveness of Romania as a destination for foreign investments, and it is far more restrictive than the similar regulation in Poland, mentioned by the authorities as a source of inspiration, according to a report drafted by PwC. The consultancy firm salutes…

Romania publishes plan to cut board members in state-owned companies and their pay

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The General Secretariat of the Romanian Government (SGG) has published for public consultations the draft law for the reform of the state-owned enterprises and the so-called autonomous institutions, such as the regulators for the financial, energy, and telecom markets (ASF, ANRE, and ANCOM, respectively), according to Cursdeguvernare.ro and Profit.ro. The number of board members is…

Romania’s government reportedly bans sale of E.ON’s local utility subsidiary to Hungarian MVM

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The Foreign Direct Investment Review Commission (CEISD), a body supervised by the Romanian government in charge of screening significant foreign investments for security impact, has not cleared the sale of E.ON’s electricity and gas supply subsidiary to Hungarian state-owned energy company MVM, according to sources familiar with the decision consulted by Economica.net. The Supreme Council…

Romania’s macroeconomic confidence index up in July on first fiscal reform package

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The macroeconomic confidence index compiled by CFA Society Romania based on a survey among its members improved by 5 points in July compared to June, entirely driven by better expectations (+8.6 points), but the current conditions component (-2.2 points) reached the lowest value in the past years and both components remain deep in the “negative”…

Housing market analysis: Bucharest retains top spot as Romania’s costliest city for tenants

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Bucharest has cemented its place as the most expensive city in Romania for renters, with price gaps between luxury and working-class districts reaching as much as EUR 2,500 a month, according to an analysis by Imobiliare.ro, quoted by news agency Agerpres. In Primăverii, for example, the capital’s most exclusive neighborhood, monthly rents average EUR 2,900,…

Romania sees third largest increase in new companies in EU

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Romania saw an increase in newly established companies that far exceeded the EU average in the second quarter of 2025, according to data published on Monday, August 18, by Eurostat. According to these data, from the first quarter to the second quarter of 2025, the largest increases in the establishment of new companies among EU…

President Nicușor Dan encourages Romanians to spend their holidays in the country

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President Nicușor Dan, currently on holiday with his family in the Romanian mountains, appealed to Romanians to spend their holidays in the country. In a video posted on social media, he said that the most beautiful places he visited are those in Romania. “The most beautiful places I have visited with my family are those here,…

Romanian Street Art Map highlights murals and public art nationwide

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A new interactive map is bringing Romania’s street art scene into focus, documenting murals and urban art interventions across major cities and smaller towns. The Romanian Street Art Map highlights works from Bucharest, Cluj-Napoca, Iași, Timișoara, Sibiu, Constanța, Brașov, Craiova, Ploiești, Bacău, Reșița, and even seaside destinations such as Vama Veche, offering both locals and…

DISCOTECA ‘80-’90 to bring retro music back to Romania with event in Cluj-Napoca in September

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