Cushman & Wakefield Echinox: Over 1,500 new hotel rooms expected in Bucharest by 2028By 2028, the pipeline is expected to add more than 1,500 rooms to the existing hotel stock, representing a significant increase in supply across all segments, from midscale to luxury properties, equivalent to approximately 13.0% of the existing hotel stock, according to retail estate consultancy (…)
Romanian president Nicu?or Dan calls for consultations with parties before nominating new PMRomania has been without a full government since early May, when the Social Democratic Party (PSD) left the centrist government coalition and voted against the Liberal-led Bolojan government together with the far-right Alliance for the Union of Romanians party. Previously, Dan said that there (…)
First phase of Verita Amber Campus opens after EUR 10 million investmentVerita International School, a private educational institution following the British education system, has inaugurated its Verita Amber Campus in the residential project Amber Forest, following an investment of nearly EUR 10 million in the first phase. The campus was designed and purpose-built (…)
BCR expects Romania's real GDP to contract by 0.7% in 2026Impacted by political instability and an ailing current account balance, the country nevertheless “appears to be emerging from recession,” although short-term dynamics remain weak, according to a report signed by BCR economists Ciprian Dasc?lu and Vlad Ioni??, cited by Profit.ro. “We estimate (…)
US credit rating agency Fitch affirms rating of Romanian energy network operator ElectricaSpecifically, Electrica’s Long-Term Issuer Default Rating (IDR) and senior unsecured debt rating were affirmed at ‘BBB-’, with a Stable Outlook. The rating affirmation reflects Electrica’s electricity distribution operations, which generate most of its EBITDA, within a stable regulatory (…)
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