Category: Uncategorized

Bank analysts turned more cautious about predicting an imminent rate cut at the May 13 board meeting of the National Bank of Romania (BNR), as both domestic and external developments over the past month are supporting a more cautious approach on the side of the monetary authority. The concerns are mostly related to the impact…

The retail investors placed orders for 47 million shares of Premier Energy during the first three days of the one-week IPO carried out by the natural gas and electricity utility company – more than six times the 7.5 million package initially earmarked for them (including the 20% supplementary option), according to Ziarul Financiar. The retail…

Romania’s trade deficit (goods only) narrowed by 1.5% y/y to EUR 6.7 billion in Q1, marking the fifth consecutive quarter of negative annual dynamics, according to data published by the statistics office INS. Subdued industrial activity and lower imports of automobiles (a significant foreign trade item) due to weak sales driven by delayed government-backed schemes…

A recent investigation conducted by Romanian journalists at Recorder claims to show that Vlad Oprea, the mayor of Sinaia, a popular mountain town roughly 120 km north of Bucharest, has an impressive fortune hidden from public view. He allegedly owns several properties, including a castle in France, which was bought under the name of one of his…

Retail investors subscribed over 23.3 million shares in the first three days of the initial public offering carried out by energy group Premier Energy (PE). There were over 10,000 orders placed by retail investors, amounting to over RON 500 million (100 mln), as of Friday, May 10, at 15:15. The Premier Energy IPO is the…

Romania ranked second in the region in terms of industrial & logistics spaces leased in the first quarter of 2024, after Poland, the uncontested leader in Central and Eastern Europe, according to a recent report by real estate consultancy company Cushman & Wakefield Echinox. The local demand surpassed that in Czechia, Slovakia, and Hungary. Companies leased…

The organizers of Romania’s seaside festival Neversea unveiled the first artists for this year’s edition. Maluma, Nick Carter, Bebe Rexha, G-Eazy, Mahmut Orhan, Don Diablo, and others are on the 2024 lineup.  Maluma, the Colombian reggaeton and Latin-pop superstar known for his chart-topping hits and collaborations with artists like Shakira, Jennifer Lopez, The Weeknd, J…

Digital nomad publication Freaking Nomads created an index of the best cities for digital nomads worldwide, and Bucharest took the ninth spot in the ranking. Coming out on top was Hoi An, Vietnam, with a score of 73.94 out of 100. The research looked at criteria influencing the appeal of cities for digital nomads, such…

The electoral campaign for the June 9 local and European elections in Romania officially began on Friday, May 10, and will end on June 8. The Central Electoral Bureau urged all candidates and parties to maintain balanced and honest discourse and avoid distorting or manipulating information. The audiovisual electoral campaign will conclude on June 7…

During his working visit to the United States, on May 9, Romanian president Klaus Iohannis met with House of Representatives speaker Mike Johnson in Washington, DC. The two discussed ways to enhance the US-Romania strategic partnership, including in the energy sector, and the assistance package recently approved for Ukraine. “The president of Romania expressed his…