Category: Uncategorized

Kingfisher plc, the international home improvement company, announced the sale of its Brico Dépôt Romania business to local electro-IT market leader Altex for an enterprise value of EUR 70 million. The deal includes Brico Dépôt’s network of 31 stores in 24 cities, distribution operations, and head office in Bucharest. The sale is expected to be…

Minister of energy Sebastian Burduja said that the sale of the energy supply company E.ON Romania to Hungarian state-owned company MVM will be subject to a strict analysis and highlighted that the deal should not necessarily be approved. Significant concerns were prompted by the high price paid by MVM, reportedly around EUR 200 million compared…

The Romanian media market is set to close 2024 on a stable growth trajectory, reaching an estimated value of EUR 778 million, an 11% increase compared to 2023, according to the Media Fact Book report by Initiative Romania.  The growth surpasses earlier forecasts despite economic and geopolitical challenges, driven by major sporting events such as…

Romania’s labour market experienced a decline in job postings in 2024 compared to 2023 and 2022, reflecting global economic headwinds and companies’ cost-optimisation efforts after years of significant expansion and recruitment across industries, according to an analysis by online recruitment platform bestjobs. A total of 270,000 jobs were advertised this year, with the steepest declines…

The Social Democrat (PSD), Liberal (PNL), and Hungarian (UDMR) parties announced on December 17 that they agreed on a set of reforms to be implemented by their future government. Notably, the reformist Save Romania Union (USR) did not attend the meeting and is not among the signatories of the document.  The three other parties backed…

The Romanian real estate market experienced a significant price increase in 2024, with the cost of apartments rising 10% year-on-year, according to the annual Storia report. Buyer preferences also shifted, with three-room apartments becoming the most sought-after, accounting for 51% of demand, compared to two-room apartments, which led in 2023. In 2024, the average price…

Fitch Ratings announced on December 17 that it revised the outlook on Romania’s long-term forex Issuer Default Rating (IDR) to negative from stable while affirming the IDR at the latest investment-grade level (BBB-). “Political uncertainty has increased to high levels, and our assessment is that it will likely have a significant adverse effect on fiscal…

World-renowned tenor Jonas Kaufmann will perform in Romania for the first time at Sala Palatului in Bucharest next year. As part of the prestigious Nobility of Sound series, the extraordinary concert is scheduled for December 11, 2025, and tickets have already been put up for sale. With an impressive career spanning more than two decades,…

Romanian employees will have 17 legal holidays and days off in 2025, most of which will be during the work week.  In addition to legal holidays, Romanians could have two additional days off, approved by the government. Specifically, January 3 and May 2, 2025, would be free to connect January 1-2 with the weekend of…

Crypto wallets and e-wallets have different but complementary functions when handling digital assets and transactions. Although both are digital solutions intended to help store and move money, they address various requirements within the digital and financial landscapes.  Crypto wallets and e-wallets have distinct functions; what are their main differences? Purpose Crypto wallets are unique instruments…