Category: Uncategorized

Romanian real estate developer One United Properties (BVB: ONE) announced that it entered the United States market after completing its first land acquisition in the Nashville metropolitan area. The company plans to develop a residential project of 42 townhouses in Franklin, Tennessee. The initiative is designed to establish a presence in “selected US micro-markets,” the…

Romania’s minister of energy, Bogdan Ivan, said he contacted “those from the US” and received “informal approval” for starting operations at the Petrotel Lukoil refinery to increase the country’s refining capacity by 21%, according to Profit.ro, citing the Romanian minister speaking for Antena3.  However, while the global refining capacity remained largely intact recently, the crude…

Speaking about media reporting the possible sale of its Romanian subsidiary to Raiffeisen, Turkish financial group Garanti BBVA (Türkiye Garanti Bankası, or Garanti Bank), 86% controlled by Spanish group Banco Bilbao Vizcaya Argentaria (BBVA) but also listed at Borsa Istanbul, announced that “to date, there has been no decision to proceed or complete a transaction…

Romania’s energy group OMV Petrom (BVB: SNP), the largest integrated energy producer in Southeast Europe, announced its entry into the exploration consortium for the Han Tervel offshore block in the Bulgarian Black Sea.   This is the second project the company enters in Bulgaria’s offshore, after Han Asparuh, which it operates, besides its partners NewMed…

January retail sales readings (-9.1% y/y) sent an extremely negative message among analysts, some of whom consider the possibility of a negative economic growth rate for the entire year. The Middle East conflict had already depressed analysts’ expectations, reduced to 0.5% growth this year compared to the government’s 1.0% projection seen as generally realistic previously.…

The retail sales volume in Romania dropped by 9.1% y/y in January, according to the statistics office INS. The first high energy bills received in this season, the wages rising significantly slower than prices for two consecutive quarters last year, and the gloomy outlook for a broad category of households (retired persons, public sector employees)…

Allview Auto, the electric mobility division of the Romanian company Visual Fan, announced the launch of a new compact electric car designed for urban use. The new model, called 4City, offers a driving range of up to 300 kilometers and can be driven starting at age 16. The vehicle expands the company’s electric lineup following…

Ukrainian president Volodymyr Zelensky will pay an official visit to Romania today, March 12, for talks with Romanian leader Nicușor Dan and prime minister Ilie Bolojan. The meetings will focus on security developments, Romania’s support for Ukraine, and strengthening bilateral cooperation. The visit takes place shortly after the fourth anniversary of Russia’s full-scale invasion of…

A chocolate-themed event and one for pet lovers add to the lineup of concerts, exhibitions, and film screenings in Bucharest. In Bucharest: Concerts @ George Enescu Philharmonic March 12, 13 Andrei Boreyko conducts the George Enescu Philharmonic Orchestra for a program of works by Tchaikovsky, Giuseppe Martucci, and Ottorino Respighi. Violinist Leonidas Kavakos is the…

Pe 22 martie, începând cu ora 19.00, InterContinental Athénée Palace Bucharest găzduiește evenimentul Una Notte Sotto Le Stelle în istoricul Le Diplomate Ballroom, o cină exclusivistă semnată de Chef invitat Richard Abou Zaki. O seară memorabilă vă așteaptă in decorul exclusivist al Le Diplomate Ballroom în cadrul evenimentului Una Notte Sotto Le Stelle, unde Chef…