Economics
The European hotel industry is expected to reach again the 2019 performance levels starting from 2023
February 15, 2021 14:13
The current disruption of the European hotel industry will continue until mid-2021 and the recovery period will be significantly longer, as 51% of hospitality owners, lenders, developers and investors expect to reach again the 2019 performance leve...more »
COVID-19 crisis will accelerate the CEE banking sector consolidation
January 28, 2021 11:28
The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, accordin...more »
Romania scores low in the Corruption Perception Index released by Trasparency International
January 28, 2021 09:42
With a score of 44 points out of 100, Romania remains in the top three most corrupt countries in the European Union shows Transparency International in the 2020 Corruption Perceptions Index. Although the scores are similar to those of 2019 for mos...more »
Romania to get EUR 100 bln. of EU funds in the financial program 2021-2027, three times more than between 2014-2020. Agriculture and sustainable development programs, one-third of the total budget available
January 21, 2021 18:15
Romania is to receive a total budget of 100 billion euros in the European financing period of 2021-2027, of which 79,9 billion euro represents non-reimbursable European funds distributed in 9 operational programs across several key sectors of the e...more »
ENGIE Romania acquired a photovoltaic park with a capacity of 9.3 MW
January 14, 2021 17:57
ENGIE Romania has completed the acquisition of a photovoltaic park, consisting of two farms, with a total installed capacity of 9.3 MW. The park is part of Ever Solar SA, a subsidiary owned by the German photovoltaic park developer, Soventix, and A...more »
More than 650.000 sqm of warehouse were leased in Romania in 2020
January 14, 2021 17:50
Real estate agencies have brokered more than 650.000 sqm of warehousing spaces during last year, althroughout Romania. Most of the contracts were new leases, which is very positive for a pretty atypycal year from a commercial perspective.  &nb...more »
Bogdan Dobre is the new General Manager of Holcim Romania
January 13, 2021 11:54
With over 20 years of experience in management positions, Bogdan Dobre took over the position of CEO of Holcim Romania & Market Head Moldova starting January 1, 2021. He will replace Horia Adrian, who led the local operations in the last 3 year...more »
M&A activity recorded significant levels in 2020, despite the unprecedented general context
January 11, 2021 15:00
The Romanian mergers and acquisitions (M&A) market recorded 91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion...more »
The Competition Council fines 9 companies active in agricultural machinery field with 26.5 million Euro
January 07, 2021 15:15
The Competition Council sanctioned nine companies active on the market of agricultural machinery, machinery and specialized equipment in Romania with fines totaling 126,981,967 lei (approx. 26.5 million euros). Following the investigation, launch...more »
Tinmar Energy promotes the offers of 100% green electricity at the most competitive prices
January 07, 2021 15:04
Starting with January 1, 2021, the electricity market in Romania is completely liberalized , the process being mandatory through the European legislation. For consumers, this means that regulated tariffs will no longer apply and every household cus...more »
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