Category: Uncategorized

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The turnover of two major food delivery platforms (Glovo and Bringo) decreased after stellar expansion during the pandemic period, while a third one (Tazz) posted a 19% growth rate consistent with the growth rates seen in traditional industries, according to Ziarul Financiar compiling public data. Beyond sales declines, two of the players (Tazz and Bringo)…

CEC Bank expects Romania’s twin deficit to narrow in 2025

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Romania’s twin fiscal and current account deficits will narrow in 2025 in line with softer pressures posed from both the public and private, under the baseline scenario drafted by CEC Bank’s Head of Asset and Liability Management Ionut Lianu quoted by Economica.net. The fiscal consolidation and lower (if any) real rise of the average wages…

Romania’s finance minister confirms 7-year fiscal consolidation plan due October 15

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Romania sticks with its plans to deliver the fiscal consolidation strategy to the European Commission by October 15, and the strategy encompasses a seven-year transition before reaching the 3%-of-GDP gap, finance minister Marcel Bolos confirmed in a conference, quoted by Economica.net. Some delays in the delivery wouldn’t come as a surprise given the electoral calendar…

Romanians resume taking bank loans and save less in 2024

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The Romanian households increased their stock of bank loans by RON 12.7 bln (EUR 2.54 bln) in 12 months to August 2024 (+7.4% y/y to RON 185 bln), compared to only RON 0.3 bln (+0.2%) in the previous 12-month period, according to data published by the National Bank of Romania (BNR). The higher net wages…

Palme d’Or winner Anora to be screened at Les Films de Cannes à Bucarest

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Sean Baker’s Anora, this year’s winner of the Palme d’Or, is among the films that will be screened at Les Films de Cannes à Bucarest, the festival running a program of auteur films awarded at the Cannes Festival and other major film events. The film follows Anora, a young sex worker in Brooklyn, who gets…

Tender launched for project to improve energy efficiency of government building in Bucharest

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The General Secretariat of the Government launched the tender for the project aimed at boosting the energy efficiency of the Victoria Palace, which currently houses the prime minister and his cabinet. The total estimated value of the contract amounts to over RON 135.7 million (or some EUR 27 million), according to news agency Agerpres. The…

Colliers: Romanian luxury market dominated by multi-brand stores and franchise partnerships

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Central and Eastern Europe (CEE), encompassing the six growing economies of Romania, Bulgaria, the Czech Republic, Hungary, Poland, and Slovakia, presents an increasingly promising environment for major international brands, including luxury, with significant potential for expansion and profit margins. According to Colliers’ recent report ”Luxury Retail Brands in CEE,” most exclusive brands in the Romanian…

Bucharest events: George Enescu Philharmonic adds jazz season, Baroque music concerts

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Bucharest’s George Enescu Philharmonic (FGE) has added a series of jazz concerts to its program, a first in the history of the institution. As such, once a month, on a Monday, it will hold a jazz evening. The first event, scheduled for October 14, is a concert by Amphitrio Jazz Trio, as part of the…

Wolfram Senger-Weiss, CEO of Gebrüder Weiss: Our focus is on Central and Southeastern Europe, and Romania is the biggest market in the region

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Wolfram Senger-Weiss, the CEO of Gebrüder Weiss – one of the biggest logistics groups in Europe, shares his thoughts about Romania, sustainability and the way technology is changing the logistics sector. The international transport and logistics company Gebrüder Weiss recently celebrated its 30-year presence in the Romanian market by opening a new logistics hub near…

Bucharest’s Băneasa Airport to be closed in October for runway maintenance

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