Electrica Wants to Raise EUR500M Via Green Bonds, Contract Syndicated Loan of up to RON3.1B for Investments
09.20.2024
Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond issue or several subsequent issues of green bonds and the contracting of a syndicated bank loan of up to RON3.1 billion (EUR620 million) to support investment plans.
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New Retail Park On Valea Prahovei In Sinaia
07.24.2024
Imo Invest Total is inaugurating Sinaia Plaza on Thursday, the first retail center built from scratch on Valea Prahovei, which comes with a... more
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Orange Romania Posts EUR699M Turnover in H1/2024, Down 8%
07.24.2024
Orange group, the largest player on the local communications market, in the first six months of 2024 generated consolidated turnover worth EUR699... more
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Investimental Reaches over 2,000 Clients and RON370M Handled Deals One Year After Launch
07.24.2024
Investimental, the newest broker on the local capital market, has reached a number of 2,100 unique clients, in line with the company’s report for... more
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Packeta Romania Almost Doubles Network of Online Stores and Partner Sellers
07.24.2024
Packeta Romania, a global digital platform of e-commerce, member of Packeta Group, has extended its network of online stores and partner sellers to... more
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Sugar Producer Agrana Halts Sugar Refining Activities at Buzau Plant
07.24.2024
Agrana Romania, the largest player on the sugar market, says it halted the refining process at the Buzau plant back in November 2023. more
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Chip Producer NXP Semiconductors Rakes in RON415M Turnover in Romania in 2023, Up 42% YOY
07.24.2024
Chip manufacturer NXP Semiconductors, which has a software development center in Romania, reported higher turnover, profit and average number of... more
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Romanian Ice Cream Maker Cicom Budgets 11% Higher Turnover for 2024
07.24.2024
Cicom, a top five ice cream producer in Romania, for 2024 has budgeted RON89.5 million turnover, up 11% from 2023, thus continuing the upward trend... more
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Romania Airports Register 11.8 Million Passengers in H1/2024, Up 5% from H1/2023
07.24.2024
Local airports continued to witness growth and in the first six months of 2024 recorded 11.8 million passengers, a 5% advance from the same period... more
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Star Transmission 2023 Turnover Up 7.5% from 2022 To RON420.5M
07.24.2024
Star Transmission of Cugir, Alba county, the local arm of Mercedes-Benz AG, for 2023 reported turnover worth RON420.5 million (EUR85 million), up... more
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Ebm-papst Automotive & Drives Romania Sees 2023 Turnover Rise 14% in 2023 YOY
07.24.2024
Ebm-papst Automotive & Drives Romania, present locally since 2017, with a plant in Oradea, part of German group Ebm-papst, a world leader in the... more
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Brick Maker Cemacon Readies New Production Investment
07.24.2024
Building materials producer Cemacon is readying a new investment in production, amid the market diversification demand and the need to boost... more
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Germany’s Anton Häring Invests EUR60M in Car Parts Plant in Siret
07.24.2024
German car parts supplier Anton Häring is set to invest EUR60 million in the next three years to build a plant in the industrial park of Siret... more
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Romania Insurance Market Inches Up 3% in Q1/2024 To RON5.5B
07.24.2024
Romania’s insurance market reached a volume of gross underwritten premiums of above RON5.5 billion at the end of the first quarter of 2024,... more
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With 20% Growth, BVB Beats Most Developed Bourses
07.24.2024
The Bucharest Stock Exchange has posted a 20.9% advance since the start of the year, reflected by the benchmark index BET, a yield that beats most... more
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Romania, Second Largest Market for Soft Drinks in the Region
07.24.2024
Romanians drink on average 215 liters of soft drinks, a figure that places us second in the region by consumption, reveals a ZF analysis based on... more
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Nuclearelectrica Raises RoPower Nuclear Loan Cap To $243M
07.23.2024
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, on Tuesday announced after the trading session close at the Bucharest Stock... more
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Simtel Team Signs RON66.5M Contract For Photovoltaic Power Plant
07.23.2024
Engineering and technology company Simtel Team (SMTL.RO, the national leader in the field of renewable energy, signed a RON66.5 million contract... more
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ELCEN Signs MoU With US Firm Sage Geosystems For Use Of Geothermal Resources In Bucharest's Heating System
07.23.2024
Electricity and heat producer Electrocentrale Bucharest (ELCEN) on Tuesday (July 23) signed a Memorandum of Understanding (MoU) with Sage... more
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Arggo Software Development & Consulting To Pay RON2M Worth Of Dividends To Its Shareholders In 2024
07.23.2024
Arggo Software Development & Consulting, a Romanian company specialized in providing consulting, digitization services and software solutions, with... more
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SafeTech Innovations Wins National Cybersecurity Directorate Contract
07.23.2024
Cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday notified the Bucharest Stock Exchange of having been awarded a significant contract... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.