Mircea Geoana to be the next Deputy Secretary General of NATO

Mircea Geoana to be the next Deputy Secretary General of NATO

Jul 17, 2019

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...

BT reaches all-time high on the Bucharest Stock Exchange

BT reaches all-time high on the Bucharest Stock Exchange

Jul 17, 2019

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,...

AFI Europe planning to buy NEPI Rockcastle’s office portfolio

AFI Europe planning to buy NEPI Rockcastle’s office portfolio

Jul 17, 2019

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 City Hall to ease access of the visually impaired to its services

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

Jul 16, 2019

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...

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

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

Jul 16, 2019

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...