Romanian Market News

Romanian Market News In Brief – Monday 07/11/2022

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COMPANIES & MARKET

-The Financial Supervisory Authority (ASF) announced the authorization of Romania’s first crowdfunding platform, called SeedBlink, after the coming into effect of the law regulating this field, in August 2022. The Seedblink Crowd SA company administers the mentioned platform.

-Nine important hotels in Eforie Sud and Eforie Nord, in Constanta, as well as other assets on the Romanian seaside, will be auctioned off in the next period, following the decision of Transilvania Investments Alliance to reposition its portfolio held in the hospitality sector, Ziarul Financiar reported on Monday (Nov. 7).

-The number of employees in the Romanian business services industry has increased by nearly 30% over the last three years, the annual report of the Association of Business Service Leaders (ABSL) in Romania reveals.

-In 2021, economic operators with forestry activity exploited 19.446 million cubic metres in 2021, down 1.7% compared to 2020, National Institute of Statistics (INS) data showed.

-The Romania – Ukraine program currently finances 66 projects, with a total value of 65.9 million euros, of which 51.8 million euros are non-refundable funds, according to the Ministry of Development, Public Works and Administration (MDLPA).