Category: Uncategorized

The Romanian tourist sector saw an increase in arrivals in 2024, with a total of 14.26 million people registered in accommodation structures, including apartments and rental rooms. This represents a 4.5% increase compared to 2023, according to data released by the National Institute of Statistics (INS) on Wednesday, February 5. Most of the arrivals, namely…

When investors analyze opportunities in the real estate sector, it is essential to carefully assess the risks to avoid complicated situations in the long term. Recent issues in real estate have demonstrated how important it is to avoid legal, financial, and operational pitfalls that can turn an apparently safe investment into a major challenge. In…

The budget execution for foreign trips in 2024 amounted to over RON 28.49 million (some EUR 5.7 million), while the allocation for 2025 is set at RON 17.27 million (EUR 3.4 million), according to an announcement made by the Presidential Administration during parliamentary debates on the 2025 state budget proposal.  Regarding the classified status of…

The public pension budget in Romania will increase by 10.7% y/y to RON 150.8 billion (EUR 30 billion) in 2025, accounting for 7.9% of the projected GDP, according to the budget planning quoted by the National House of Public Pensions (CNPP), Daniel Baciu, during the debates on the social insurance budget draft in the joint…

The French service for vigilance and protection against foreign digital interference VIGINUM published a study on February 4 on how the TikTok algorithm was manipulated in the Romanian presidential campaign in favor of Călin Georgescu, Hotnews.ro reported. Some of the pro-Georgescu influencers were paid by companies with ties to Ukraine. Authorities in Paris fear that…

Investment fund Integral Capital Group has acquired a majority stake in the fertility and gynecology clinic Embryos, which specializes in assisted reproductive technology. The stake was purchased from the clinic’s three founders. The transaction was advised by law firm RTPR, which has an active mergers and acquisitions (M&A) practice. The RTPR team was led by…

MedLife, the leader in the private healthcare market, announced the completion of the acquisition of Routine Med from Tulcea.  Following the transaction, MedLife owns 60% of Routine Med, while the group’s founder, Mihai Pavel, retains 40% of the company’s shares. As a result, the group expands its national footprint in the southeast, where it is…

Romanian industrial group TeraPlast (BVB: TRP) announced the acquisition of a 51% control stake in Aquatica Experience Group (AEG), an integrated engineering company specializing in water and wastewater treatment and management solutions, including the use of digital components.  Among others, Teraplast produces plastic pipes that are used in construction. The transfer will become effective after…

The Hungarian digital bank Granit Bank, with Istvan Tiborcz, one of the wealthiest businessmen in Hungary, son-in-law of prime minister Viktor Orban, as a significant shareholder, entered Romania in its first exit outside the country, Profit.ro announced. The Hungarian bank has grown significantly, becoming the eighth largest universal bank in the country, with total assets of…

OMV Petrom Group (BVB: SNP) reported a net profit of RON 4.2 billion for 2024, up 4% from RON 4 billion the previous year, according to preliminary unaudited consolidated data announced by the company on February 4. Sales revenue decreased by 8% y/y, to RON 35.8 billion (EUR 7.1 billion). CCA operating result, excluding special items,…