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Local officials in Sânmartin, a town in Bihor county, western Romania, announced the signing of a financing contract to construct the largest aquapark in the area, with 5,000 seats. The contract is valued at EUR 10 million. Sânmartin City Hall also handles the Băile Felix and Băile 1 Mai resorts, already known in Romania as…

BoldMind Capital Partners announced the launch of BoldMind Fund I, a private equity fund with a capital of EUR 60 million investing in private companies in Romania, Bulgaria, and Croatia. The four founding partners of BoldMind Capital are Dragoș Roșca, previously the CEO of Gemisa Investments, Claudiu Negrișan, Florina Stancu, and Dan Nicolaescu. The largest…

Home appliance producer Beko appointed Romanian Marius Mihăilescu as the new CEO for Romania, Moldova, Greece, Malta, and Cyprus, effective January 1, 2025. He replaces Murat Büyükerk, who concludes his seven-year tenure leading local operations and will pursue new professional opportunities, the company said. “I will continue to remain dedicated to this country, embracing a…

At the beginning of 2025, Standard & Poor’s (S&P) signaled the potential downgrade of Romania’s credit rating to junk status, triggering significant repercussions for its real estate market and investment landscape. This potential downgrade could impact investor sentiment and spark a notable shift from institutional to informal investors. Over the next 18 months, we explore…

Maestro Cristian Măcelaru, the artistic director of the George Enescu International Festival, has curated a series of 27 exceptional concerts at Sala Palatului in Bucharest. These performances will feature 16 prestigious orchestras from Romania and around the world in an edition marking 70 years since the passing of the great Romanian composer and musician George…

The grounds for the annulment of the 2024 presidential elections are in the Constitutional Court’s ruling, president Klaus Iohannis said when asked to comment on the Venice Commission’s recommendations on the best practices for scrapping elections. “In the [according to the] Constitution, the Constitutional Court (CCR) validates or invalidates the presidential elections. I hear voices…

The Employers’ Organization of Private Railway Companies in Romania (OPSFPR) has filed a new complaint with the European Commission, claiming that the government is using newly-established company Carpatica Feroviar in a scheme aimed at avoiding the recovery of incompatible state aid from insolvent state company CFR Marfa. According to OPSFPR, Carpatica Feroviar is not selling…

The government of Romania will continue to distribute as dividends, from the companies it controls, at least 90% of net profits until 2028, according to the Report on the Macroeconomic Situation for 2025 and the Projection for 2026-2028 accompanying the state budget law consulted by Cursdeguvernare.ro. “When estimating budget revenues for the period 2025-2028, the…

Romania sold EUR 2.8 billion in two FX bonds denominated in euros, with maturities of five and nine years, and USD 1.25 billion (EUR 1.21 billion) of 12-year US dollar-denominated bonds, according to Economedia.ro. The timing of the issue is complicated both domestically and internationally, but the government announced an ambitious 2025 budget plan in…

Bucharest mayor Nicușor Dan has officially launched his presidential campaign website, inviting supporters to join what he calls “a community-driven campaign.” In his announcement, he emphasized the need for public engagement, outlining three key ways people can get involved: donations, volunteering, and signature collection. The campaign aims to raise EUR 2 million, Dan said, recalling…