Category: Uncategorized

Romania’s Deposit-Return System, SGR, “works as expected,” environment minister Mircea Fechet said, noting that the collection rate of recyclable packaging is rising constantly. By fall, the number of collected packages is expected to reach 2 billion. “The results are positive. If we look at the numbers, we passed 1.3 billion (e.n. returned packages) at the…

AFI Europe announced on Tuesday, August 20, that it acquired the Bucharest Financial Plaza office building in the central area of ​​the Romanian capital as part of its plan to expand its portfolio in Romania. With this new addition, the company has reached a total of ​​over 300,000 leasable sqm of office space in the…

The project targeting the complete reconstruction of the underground floor in the Unirii area in downtown Bucharest, namely the massive concrete slab that covers the busy Unirii Square, is set to start this fall. The financing contract, worth some RON 750 million, was signed on Monday, August 19. The project, which is to start on…

Romania’s Liberal Party (PNL), in a Facebook post placed amid the announcement of updated individual pensions under the new Pension Law, announced an average 27% increase in pensions “this autumn” and claimed the paternity of the “Liberal reform that rewards everyone’s work and contribution,” News.ro reported. The statement echoes that of the head of the…

Banca Comercială Română SA and Erste Group AG announced they are financing the EUR 214 million wind farm acquisition by which Nala Renewables, a joint venture between independent commodity trading company Trafigura and IFM Net Zero Infrastructure Fund, takes over a 99.2 MW onshore wind project in Romania from Swedish company OX2. “BCR plays an…

The specialised developer and asset manager of logistics and industrial real estate, Oresa Industra, a division of the Swedish investment fund Oresa, announced plans to double the size of its 35,000 square metre logistics park in the Romanian northeastern city of Iasi. Oresa Industra is already the main player in the industrial and logistics market…

The aggregated profit of Romania’s banking system increased by 11% y/y to RON 3.75 billion (EUR 754 mln), marking a new record, marginally higher compared to the RON 3.72 bln (EUR 748 mln) figure announced for Q1, according to data published by the National Bank of Romania (BNR). The performance was notable in the context…

The expectations for the country’s euro adoption expressed by analysts surveyed by CFA Society Romania range between 5 and 20 years, with an average of 11 years after filtering out the opinion of an analyst who expects Romania never to join the single currency area. The wide range of expectations is consistent with the lack…

Romania’s macroeconomic confidence index compiled by the CFA Society Romania based on a survey among its members carried out at the end of July edged down by 0.2 points to 52 points, remaining in the positive half of the 0-100 range. The decline was the combined effect of a 1.3-point deterioration of the anticipation component…

Romania’s general government budget deficit will probably exceed 7% of GDP (cash terms) and risks sliding towards 8% of GDP, the Fiscal Council (CF) warns in its annual report published on August 19. The projection is based on H1 budget execution data and the Executive’s plans to implement the new Pension Law after September 1.…