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In mid-June 2024, BlackRock announced that it would be closing several of its ETFs, including its Frontier Market ETFs, citing insufficient liquidity.

Lagoon Park Bucharest is the first artificial urban beach in Romania, built on an area of 40,000 square meters in the northern part of the capital.

Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

The syndicate of banks included CEC Bank and Alpha Bank Romania and the facility granted is secured by a guarantee issued by Exim Banca Românească.

The biggest share of overseas spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.

The competition finalists will present their collections on the runway at Mercedes-Benz Bucharest Fashion Week in front of the jury.

Consumer Services' results increased predominantly thanks to higher fuel sales volumes and the improvement in non-fuel margin.

The Postpaid subscriber base grew by 4.7%, year-on-year, to a total of 1.951 million.

The biggest share of overseas spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.

Analysis also reveals alarmingly low supply chain maturity among many organizations with limited ability to benefit from AI and generative AI as a consequence.

Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the acceleration of commercial and residential development in regional cities and the potential of the local market to offer higher returns for property investors compared to other countries in the region.

Bucharest's short-term rental market had a booming post-pandemic evolution. In 2023 alone, the industry generated revenues of €41.3 million, nearly double compared to 2019.

The first stage of the share capital increase will start on August 19th and will last for 32 calendar days, until September 19th.

Due to legislative unpredictability, which increasingly affects small and medium-sized businesses, more entrepreneurs postpone or stop investments in business development.

This transformation aligns the Brașov store with the first stores worldwide, such as those in Paris, London, and Brussels, which have already implemented the new identity.

The acquisition marks Entek's entry into the Romanian energy market, with a transaction value of approximately €32.9 million, subject to closing adjustments.

The purpose of this study was to have a clear understanding of the profile of the Romanian employee, thus making a comparison between the private and the public sector.

Romania's commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 

KÉSZ Romania obtained the building permit for the Corallis residential complex, the first project in the capital, in which it is investing over €51 million.

The INATECH marketing team includes 4 marketing specialists, covering a full range of essential activities.

he partnership aims at joint actions to inform about the new European and national regulations regarding gender balance among listed companies.

E-commerce expansion is fueled by access to digitalization and the rising incomes of the young population and digital natives, but also by the evolution of technology.

TriGranit is one of the largest privately-owned real estate development platforms in CE, with over two decades of operations and has completed nearly 50 landmark projects.

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

Primark Iulius Mall, part of the mixed-use Iulius Town, becomes the retailer's first location in the western part of the country and has created over 150 new jobs locally.

A significant shift in the overall outlook and priorities of executives in the sector is uncovered, indicating a strategic reset is on the cards.

iO Partners has successfully provided development management services for a 126MW solar farm in the commune of Văcărești, Dâmbovița.

The opening of the new center at Timpuri Noi Square marks a significant step in the expansion of Atelierul de Slăbit, solidifying its position in Tineretului-Timpuri Noi area.

Edenred Digital Center has become a source of technological innovation, contributing to the group's positioning as a leader in digital innovation in the markets where it operates.

Online courier sales activities also saw a 25% increase, largely due to investments in automating altexpress.ro portal.

This initiative marks the company's expansion into retail beyond dental hygiene products.

Designed with sustainability and visitor well-being in mind, MIRO has earned the esteemed BREEAM “Excellent” and WELL “Certified Platinum” certifications.

Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report. 

Clifford Chance Badea advised PPC Group throughout the entire transaction, providing support on aspects of due diligence.

Austria remains the most expensive country, with €4,920/sqm in 2023, followed by Germany (€4,700/sqm), France €(4,538/sqm).

Romanian developer One United Properties says its volume of sold and pre-sold residential units, parking spaces and commercial spaces amounted to around €123.8 million during H1 2024. This result is up by 2.5% compared to the same period of last year. 

Hili Properties, the real estate arm of Hili Ventures, has successfully secured the remaining 25% shareholding of the company which owns the MIRO office building in northern Bucharest. 

Roxana Frățilă, Partner, Head of Real Estate & Construction at CMS, spoke to Property Forum about the key deals closed in the retail market in 2023 and accelerating investment in renewable energy.

iO Partners has provided development management services for a 126 MW solar farm in Văcărești locality, Dâmbovița County. 

Romania's Government has signed in mid-July a memorandum of understanding with US tech giant Google as the country is looking to boost its cloud infrastructure for public services.