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Robin Hermann General Manager for STACKIT, one of Europe’s leading cloud providers, recently participated in Bucharest Tech Week, where he detailed how European companies are adopting cloud technologies and provided an insight into the European cloud market, including growth forecasts and associated challenges. The cloud market in Europe is booming. According to Statista data, Europe’s…

The most recent study conducted by Reveal Marketing Research revealed that 7 out of 10 Romanians return PET bottles through the Deposit-Return system. The study aimed to gather more details about the attitudes and behaviors of Romanians regarding the Deposit-Return System for beverage packaging, which became operational at the end of last year (November 30,…

Premier Energy Group, through Alive Renewable Holding Limited, and alongside Motor Oil Renewable Energy Single Member S.A (MORE), have signed the acquisition of two new photovoltaic projects for renewable electricity production in Romania’s Buzău county, according to an announcement at the Bucharest Stock Exchange. These two projects have a combined capacity of 86 MW and…

About 10% of Romanians hold roughly 58% of the total net wealth in the country, according to a new report by the National Bank of Romania (BNR). Overall, the net wealth of Romanians continued to grow and has reached approximately double the gross disposable income (Q4/2023). The net wealth of the population is calculated as…

In Romania, taxes represented 27% of GDP in 2022, well below the EU average of 40% but also below the average of comparable Eastern European countries: Poland (34%), Hungary (35%), Bulgaria (31%), according to the Friedrich-Ebert-Stiftung Romania Foundation quoting Eurostat data. At a moment when Romania needs to thoroughly reconsider its taxation system in order…

IBB Holding Group (IBB Holding), a group of 12 companies active in the construction field with a focus on infrastructure projects, intends to raise EUR 10mn with a bond issue at the Bucharest Stock Exchange (BVB) to increase production capacity and for working capital. “We consider the stock market a possible main actor for obtaining…

Romania may allocate a larger share of this year’s auction for CfD-backed projects to wind farms, energy minister Sebastian Burduja announced, Economica.net reported. A large amount of solar (PV) projects are already financed under the National Resilience Facility (PNRR) and Modernisation Fund, he explained. Initially, the wind and PV projects were earmarked 1,000MW each to…

Located just 30 minutes from Unirii Square, the zero point of Cluj-Napoca, the Colina Nouă complex is an oasis of well-being and a refuge from the urban agglomeration, pollution, traffic congestion which a permanent stress characteristic of the big city.  The Colina Nouă project was built for both Romanian families and expatriates that demand the highest…

Romania’s Treasury is launching new Fidelis issues of bonds dedicated to retail investors, paying 4% for euros and 6% for local currency on the 1-year maturity, coupons likely to result in real ex-post positive gains given the current inflation expectations. The real gains cannot equal those expected by less risk-averse investors willing to place their…

Romania’s gross public debt to GDP ratio reached RON 845.1bn (EUR 170.1bn) at the end of March, according to data published by the Finance Ministry.   The debt-to-GDP ratio was revised downwards to 51.7%, from 52.4% for the end of February and to 49.2% from 49.9% for the end of January, based on the rolling GDP in…