Category: Uncategorized
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EY: slow start for Romania’s M&A market in Q1
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…
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Sale of housing units in Bucharest and Ilfov down 4.3% y/y in Q1
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…
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Feasibility study for new Bucharest-South Airport expected at the end of 2026
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…
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Romania’s CA deficit widens to 9% of GDP in 12 months to February
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…
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Romania’s March 4.9% y/y inflation 0.26pp above central bank’s target
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…
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Romania’s Electoral Bureau bars USR from campaigning for independent presidential candidate Nicușor Dan
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…
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CURS poll shows ruling coalition’s candidate gaining ground ahead of May presidential elections in Romania
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…
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Romanian officials condemn deadly Russian attack on Ukrainian city of Sumy
Romanian officials have strongly condemned Russia’s deadly missile attack on the Ukrainian city of Sumy, which killed at least 34 people, including two children, and injured more than 110 others on Palm Sunday. Two ballistic missiles struck the city, with one hitting a building – one of the university buildings -and the other exploding over…
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Coalition candidate raises largest amount of money for presidential elections in Romania
Crin Antonescu, the candidate backed by the ruling coalition in Romania, raised RON 20 million (EUR 4 million) for the ongoing presidential campaign, according to data published by the Permanent Electoral Authority on Friday, April 11. Of the RON 20 million, the Social Democratic Party raised RON 15 million for Antonescu’s campaign, followed by UDMR,…
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Designing success: Elena Oancea’s vision for Goldbach Group growth
Elena Oancea is the Co-CEO of Goldbach Group, a Romanian holding comprising 8 companies operating in sectors such as the development of retail parks, property management, civil and industrial construction, real estate development, architecture and urban planning, interior design, renewable energy, consultancy for projects financed by European funds. Driven by a clear vision of strategic innovation…