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Mircea Geoana to be the next Deputy Secretary General of NATO

Posted by on Jul 17, 2019 in NEWS | 0 comments

Mircea Geoana to be the next Deputy Secretary General of NATO

NATO Secretary General Jens Stoltenberg has decided to appoint Mircea Geoana as the next Deputy Secretary General. He will take up his post in October 2019, replacing Rose Gottemoeller, who has been the Deputy Secretary General of NATO since October 2016, according to Business-Review.eu. ”I am happy to announce the appointment of Mircea Geoana as the next Deputy Secretary General. He is a staunch advocate of the transatlantic bond and will bring long experience as a statesman and diplomat to this post. He will be the first Romanian to hold...

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BT reaches all-time high on the Bucharest Stock Exchange

Posted by on Jul 17, 2019 in NEWS | 0 comments

BT reaches all-time high on the Bucharest Stock Exchange

The shares of Banca Transilvania, which trade on the Bucharest Stock Exchange under the ticker TLV, have reached new historical records in recent days. On Tuesday, July 16, Banca Transilvania’s shares were trading at RON 2.55 per share and the group’s capitalization was RON 12.3 billion (EUR 2.6 billion), the highest level reaches since the bank’s listing, in 1997, according to Romania-Insider.com. Since the beginning of this year, the bank’s shares have brought investors a total yield of 35%, dividends included, and, since the stock...

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AFI Europe planning to buy NEPI Rockcastle’s office portfolio

Posted by on Jul 17, 2019 in NEWS | 0 comments

AFI Europe planning to buy NEPI Rockcastle’s office portfolio

AFI Europe has signed a letter of intent to acquire NEPI Rockcastle’s office portfolio in Romania. AFI will begin carrying out due diligence operations on NEPI’s four office buildings, which are estimated to be worth about EUR 309 million, according to economica.net. NEPI Rockcastle, a South African company, has already sold The Office building in Cluj-Napoca, which it co-owned with entrepreneur Ovidiu Sandor, to Dedeman, for EUR 120 million, says Business-Review.eu. The other four office buildings in NEPI Rockcastle’s portfolio are...

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Cluj-Napoca City Hall to ease access of the visually impaired to its services

Posted by on Jul 16, 2019 in NEWS | 0 comments

Cluj-Napoca City Hall to ease access of the visually impaired to its services

The City Hall of Cluj-Napoca, in western Romania, plans to make several of its services more easily accessible to the visually impaired, mayor Emil Boc announced, according to Romania-Insider.com. The City Hall closed a partnership with Scripor Association to implement a tactile system allowing the visually impaired to recognize colors efficiently. On the medium and short term, the City Hall plans to use the system to have mock-ups and tactile maps of the City Hall’s buildings on Calea Moților and in Unirii Square that would facilitate the...

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Deloitte: Romania’s M&A market saw significant growth in second quarter

Posted by on Jul 16, 2019 in NEWS | 0 comments

Deloitte: Romania’s M&A market saw significant growth in second quarter

The mergers and acquisitions (M&A) market in Romania saw a significant growth in the second quarter of the year, both quarter-on-quarter and year-on-year. According to Deloitte estimates, the total market value, including transactions with undisclosed value, has been between EUR 1.4 billion and EUR 1.6 billion, while the value of disclosed transactions reached around EUR 790 million, according to Romania-Insider.com. The total number of transactions announced in the second quarter was 30, including those with undisclosed value. By...

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Rave Jungle: Neversea 2019 festival was one for the history books!

Posted by on Jul 15, 2019 in NEWS | 0 comments

Rave Jungle: Neversea 2019 festival was one for the history books!

For 4 magical days on the Island of Dreams in Constanta, Neversea Beach, Romania, party people have been dancing before some of the finest music entertainers on the planet, says RaveJungle.com. Five massive stages with their own individual magnetic flare joined forces with mother nature to give attendees a seemingly once in a lifetime opportunity to bask in the glory of one of the greatest events of all time. An eclectic blend of elite artists including Afrojack, Alesso, ATB, Lost Frequencies, Bassjackers, Gianluca Vacchi, KSHMR, Inna,...

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The Mirror: Burglar tells he killed gran with hammer in sensational court outburst

Posted by on Jul 14, 2019 in NEWS | 0 comments

The Mirror: Burglar tells he killed gran with hammer in sensational court outburst

A burglar admitted he killed gran Valerie Graves as he appeared in a Romanian court over the “Midsomer Murder” case, says Mirror.co.uk. Cristian Sabou’s shock confession came after he agreed to be extradited to the UK to face trial for the hammer death during a 2013 raid. He told us: “She woke up, I panicked. I never meant to kill anybody. I am really sorry.” He sat solemnly in the dock of a courtroom on Thursday where he made his shock confession over the killing. The 27-year-old Romanian admitted he attacked the artist in...

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Total office space in Bucharest approaches 3 million sqm

Posted by on Jul 13, 2019 in NEWS | 0 comments

Total office space in Bucharest approaches 3 million sqm

The second quarter of 2019 reconfirmed the increased interest for the office market in Romania. Over 115,000 square meters of office space were leased over this period at the national level, a value similar with that registered in the second quarter of 2018, according to Business-Review.eu. In total, 239,500 sqm of office space were leased nationwide in the first half of 2019, up 17.6 percent from the first six months of 2018, when approximately 203,600 square meters were leased. Transactions concluded in the first half of this year represent...

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BT strengthens its top position in the Romanian banking sector

Posted by on Jul 12, 2019 in NEWS | 0 comments

BT strengthens its top position in the Romanian banking sector

Banca Transilvania has strengthened its first position by assets in the Romanian banking system as it overtook BCR following the acquisition of Bancpost, according to fresh central bank data, quoted by Business-Review.eu. The annual report of the National bank of Romania (BNR) shows that Banca Transilvania had assets of RON 74.35 billion (EUR 15.9 billion) at the end of 2018 and a market share of 16.48 percent. The second-largest bank in Romania, BCR, registered assets of RON 67.9 billion (EUR 14.6 billion) and 15.05 percent market share,...

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Film festival in the Danube Delta screens Romanian movie in 2019 Cannes competition

Posted by on Jul 12, 2019 in NEWS | 0 comments

Film festival in the Danube Delta screens Romanian movie in 2019 Cannes competition

Romanian director Corneliu Porumboiu’s lastest film La Gomera, which was selected this year in the main competition of the Cannes film festival, will be screened at the Anonimul International Independent Film Festival, says Romania-Insider.com. The festival takes place between August 5 and August 11 in Sfântu Gheorghe, in the Danube Delta. Several other Romanian films will be screened, including Marius Olteanu’s Monsters, shown this year in the Berlinale’s Forum section, Pavel Bartoș’s Romanian Tradition, and Valeriu...

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