Category: Uncategorized

Salt Bank, Romania’s first 100% digital neobank, has seen remarkable adoption, with over 250,000 users embracing its innovative and fully digital banking experience in the first 100 days since launching in the spring of 2024.  Salt Bank aims to blend the financial stability of a traditional bank with the agility and user-centric approach of a…

Meta Estate Trust, a publicly traded holding company operating in Romania’s real estate sector, has announced a net profit of RON 6.1 million (EUR 1.2 mln) for the first half of 2024, double compared with the same period of last year. This significant growth in profitability was accompanied by a 6% increase in equity.  Total…

Romania is the EU country with the lowest levels of digitalization among its enterprises, according to a Eurostat report.  The data reveals that 72.1% of Romanian businesses fall into the “very low” category of digital intensity, the highest proportion among EU countries. Meanwhile, only 1.3% of Romanian companies have a “very high” digitalization level. This contrasts…

Romania has secured a EUR 200 million loan from the European Investment Bank (EIB) to modernize its electricity distribution network. The funding is for a EUR 629 million investment project aimed at strengthening the country’s energy infrastructure, which includes co-financing from European funds and contributions from the project’s beneficiary.  The project, which aligns with Romania’s…

The Romanian government has launched a new initiative, the “Rabla for Tractors” program, aimed at modernizing the agricultural machinery used by local farmers.  With a budget of RON 500 million (EUR 100 mln) this year, the program offers substantial financial support for purchasing new, less polluting agricultural equipment, covering between 65% and 80% of the…

The construction of the M6 metro line in Bucharest, a significant infrastructure project, is advancing and should be completed by 2028, Romania’s minister of transport, Sorin Grindeanu, said on August 29.  The total cost for these sections is estimated to reach nearly RON 10 billion (EUR 2 billion), including VAT, with funding sourced from both…

Bucharest has been identified as the most affordable capital city for renters in Eastern Europe, according to a recent analysis by Storia, a real estate platform launched by OLX. The study also places Romania 13th out of 31 European countries in terms of rental affordability.  The affordability of rent is measured by the rent-to-income ratio,…

Romania’s Ministry of Finance has devised a plan to offer fiscal amnesty to taxpayers with outstanding debts and incentives to those who pay their taxes on time, Nicolae Ciucă, the president of the National Liberal Party (PNL), announced on Thursday, August 29.  Under the new measures, individuals and businesses who have not yet settled their…

The first half of 2024 saw a dynamic increase in the delivery of new retail projects, adding roughly 106,000 sqm to Romania’s total stock – more than three times the amount delivered during the same period last year, according to a Colliers’ report.  The second half of the year also looks promising, with around 250,000…

The second edition of the Night of Museums in Villages event will be held this Saturday, August 31, in roughly 128 localities in 31 counties across Romania.  Unique in Europe, the project organized and run by the National Network of Museums in Romania highlights the rural cultural heritage by bringing together, presenting, and promoting more…