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Open Streets – Bucharest, Urban Promenade, the weekend program that sees streets close for traffic and open for pedestrians to attend various events, returns with this year’s edition on April 12. The program, with events as varied as live concerts, street shows, dance, parades, workshops for children, guided tours, and areas for exercise and sports,…

After the Constitutional Court’s unprecedented decision to annul the results of last year’s presidential elections because of suspicions of foreign interference in the process, voters are asked again to cast their ballot to elect the person who will serve as president for the next five years. While the line-up of candidates is slightly shorter than…

The Romanian IT&C industry depends largely on outsourcing, and this economic model makes it vulnerable to geopolitical issues, according to Edward Creţescu, president of the Employers’ Association of the Software and Services Industry (ANIS), speaking at ANIS International Summit 2025, organized by Ziarul Financiar. “The IT&C industry is 75%-80% outsourcing, 10% – 15% product development,…

The European Bank for Reconstruction and Development (EBRD) has extended a regional loan of up to EUR 120 million to AFI Europe to support the developer’s expansion across Serbia, Poland, Romania, and the Czech Republic, the institution announced.  The financing will enable the company to grow its portfolio of sustainable residential and commercial real estate…

Polish convenience retail giant Żabka has accelerated its expansion in Romania, reaching 89 stores under the Froo brand by April 2025 and outlining plans to scale to as many as 4,000 locations nationwide, according to Economica.  The announcement came as part of Żabka Group’s annual results presentation, which confirmed its total European store count at…

The share capitalization of the Bucharest Stock Exchange dropped by RON 28 billion (EUR 5.6 billion) or 7.5% week-on-week to RON 345 billion (EUR 69.4 billion) on April 4, reaching the year’s lowest value on April 4, according to a market summary compiled by Agerpres. The main blue chips index BET dropped by 3.9% w/w…

Romania registered the European Union’s deepest current account deficit in the fourth quarter of 2024, with a negative balance of EUR 9.4 billion, marking an increase from the EUR 8.5 billion (8.9% of GDP) deficit recorded in the previous quarter, according to data published by Eurostat on April 4.  This placed Romania at the bottom…

Romanian analysts are unanimous in ruling out any rate cut at the National Bank of Romania (BNR) monetary board meeting on April 7. Still, they expect a 50-75 basis points (bp) cut by the end of the year depending on the future orientation of fiscal policy, the prospects for economic activity, as well as the…

Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a “firmă de exercițiu” (practice firm) and will have the abbreviation “S.R.L.-F.E.”, according to a new project.  A young person will be able to establish or acquire…

Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which…