Category: Uncategorized

CEE’s leading wine producer with operations in Moldova and Romania, Purcari Wineries – BVB: WINE, announced the group’s revenue grew by 11% in Q1 this year, reaching RON 81.6 million.  EBITDA rose by 9% y/y to RON 23.1 million in Q1, marking a margin of 28%. The company’s net profit contracted by 15% y/y to…

The current account (CA) of Romania remained roughly unchanged in nominal terms (EUR 3.95 billion) in the first quarter of the year (Q1) compared to the same period in 2023, according to data published by the National Bank of Romania (BNR). The CA deficit in 12 months to March 2024 (EUR 22.6 billion) remained roughly…

The industrial output index in Romania contracted by 2.7% y/y in Q1 but improved by 1% q/q (seasonally adjusted) compared to the last quarter of 2023, according to data published by the statistics office INS. Based on March’s robust industrial figures and possibly based on the positive quarterly dynamics, but also considering the above-neutral 51.2…

NASTY, the new documentary that showcases the life and career of Romanian legend Ilie Năstase, the “bad boy” of tennis, will be released on the Max streaming platform in May. Co-produced for Max by HBO Documentaries Europe and Libra Films, the documentary will be released in 23 countries in the week of the launch of the…

Symphony of Water/Simfonia Apei, the water, music, and light show at the Urban Fountains in Unirii Square, downtown Bucharest, starts a new season this week. The fifth edition is scheduled to kick off Friday, May 17. The roughly 45-minute shows will have different themes, celebrating local stars from sports, science or art, News.ro reported. Access…

Over 260 objectives in 32 counties and in Bucharest can be visited during this year’s Night of Museums, which will take place on Saturday, May 18. This year’s edition is an anniversary one, as it marks 20 years since the Night of Museums was first held in Romania. Locations in cities like Brașov, Sibiu, Ploiești,…

The private medical sector is also making waves in real estate, according to an analysis by iO Partners, which says that major chains of private clinics and hospitals in Bucharest currently occupy spaces totaling over 215,000 sqm. About 40% of this area, equivalent to 86,000 sqm, comprises spaces leased in modern office buildings, often strategically…

Romanian emotions/emoții românești, a special temporary exhibition on wildlife in Romania, opens this week at the Antipa Museum in Bucharest. The opening of the show, which features 30 images captured by photographer Rareș Beșliu, is scheduled for Thursday, May 16. The images are part of the emotions/emoții photobook, where readers can find the complete stories of the animals…

Romania, one of the main source countries for victims of human trafficking in Europe, launched this week a new national strategy to tackle the phenomenon over the 2024-2028 period. According to prime minister Marcel Ciolacu, who was present at the launch on May 13, roughly 500 Romanians fall victim to human trafficking each year.  “Unfortunately,…

Primark announced plans to open its fourth store in Romania in 2025, in Cluj-Napoca. This will be the fashion retailer’s first location in the northwest region of the country. The new store will cover 3,700 square meters across two floors in Vivo! Shopping Center. Maciej Podwojski, Head of CEE at Primark, said: “It’s an exciting…