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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Paver Maker Symmetrica Revenue Rises 40% To More Than RON150M In H1
07.16.2024
Paver manufacturer Symmetrica (Suceava County) posted more than RON150 million (some EUR30 million) revenue in the first half, an increase of 40%... more
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MedLife Continues Expansion Of Mental Health Center Network MindCare
07.16.2024
Private medical service network MedLife continues expansion of its mental health center chain MindCare with a new such facility in Craiova, after... more
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Netherland’s Discount Retailer Action Getting Ready To Enter Romania
07.16.2024
Dutch discount non-food retailer Action is getting ready to enter Romania, ZF sources say. The group has already begun recruiting for management... more
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Unix Auto Rakes In 19.7% Higher Turnover In 2023, Of Nearly EUR87M Turnover
07.15.2024
Car parts wholesaler Unix Auto reported a turnover of RON429.9 million (nearly EUR87 million) for 2023, up 19.7% from RON359.1 million (EUR72.8... more
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Grain Trader Agropec Dionis Ends 2023 With RON740.5M Turnover, Up 11% YoY
07.15.2024
Grain trader Agropec Dionis ended 2023 with a turnover of RON740.5 million (EUR149.7 million), up nearly 11% from RON667.3 million (EUR135.3... more
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EBRD Makes Minority Equity Investment In Arobs Transilvania Software
07.15.2024
The European Bank for Reconstruction and Development (EBRD), the largest institutional investor in Romania and one of the longest-standing Banca... more
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Hidroelectrica’s Chief Investment Officer Bogdan Badea Sells RON133,000 Worth Of Shares
07.15.2024
State-run electricity producer Hidroelectrica (H2O.RO) chief investment officer Bogdan Badea sold 1,032 Hidroelectrica shares for RON128.8, the... more
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Romania's Current Account Deficit Widens 34% YoY To EUR9.17B In January-May 2024
07.15.2024
Romania's current account deficit stood at EUR9.17 billion in January-May 2024, higher by 34% than the EUR6.8 billion level recorded in the same... more
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TMF Group Signs Lease For 1,700 Square Meters Of Office Space In America House In Bucharest
07.15.2024
Administrative and compliance service provider TMF Group has signed a lease for 1,700 square meters of office space in America House, the office... more
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Electrica Completes Acquisition Of New Trend Energy SRL
07.15.2024
Electrica (EL.RO), a company in which the Romanian government is the largest shareholder with 48.8%, on Monday notified the Bucharest Stock... more
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Finance Ministry Raises RON885M From Banks On July 15
07.15.2024
Romania's Finance Ministry has raised RON855 million from banks on Monday (July 15), selling government paper at an annual average yield of 6.40%. more
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Competition Council Greenlights Takeover Of OTP Group In Romania By Banca Transilvania
07.15.2024
The Competition Council has approved the transaction whereby Banca Transilvania S.A. intends to acquire OTP Bank Romania S.A., OTP Leasing Romania... more
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Stay Fit Gym Eyes 50 Fitness Centers By End Of 2024
07.15.2024
Stay Fit Gym, Romania’s second largest fitness center chain, plans to expand its network to 50 centers until the end of 2024 and to reach 50,000... more
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STC Partners Expands Its Team: Elena Palade Takes Over As Sales Manager, Bogdan Bazarea As Technical Director
07.15.2024
Real estate developer STC Partners is expanding its team, with the positions of Sales Manager and Technical Director being taken over by Elena... more
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Cartofisserie Sales Up 50% To RON100M In 2023
07.15.2024
Cartofisserie, a Romanian-held fast-food restaurant chain established by the founders of the Delaco dairy brand, ended 2023 with RON100 million... more
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Austria's Gebrüder Weiss Invested Nearly EUR90M In Last 30 Year To Expand Its Infrastructure In Romania
07.15.2024
Austrian transport and logistics company Gebrüder Weiss has invested nearly EUR90 million in the last 30 years to expand its infrastructure in... more
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Competition Council Approves Takeover Of Presidio By Clayton, Dubilier & Rice
07.15.2024
The Competition Council approved the transaction through which Clayton, Dubilier & Rice, LLC intends to take over Presidio, Inc., through CD&R Fund... more
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Who will run Credex Bank?
07.15.2024
Traian Baicu was nominated for the position of chief executive officer of Credex Bank, formerly Porsche Bank, which businessman Dan Ostahie bought,... more
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Hotelier Nicolae Bucovala Has Invested EUR7M In His Hotels
07.15.2024
Businessman Nicolae Bucovala, who owns Steaua de Mare hotel complex in Eforie Nord, Tomis Hotel in Mamaia and Oltenia Hotel in Olimp, says the... more
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Accounting Tech Startup Keez Sees Revenue Up 62% To Over RON13M In 2023
07.15.2024
Digital Keez SRL, the accounting tech startup held by Norway’s Visma, posted significant increase in revenue, by 62% to RON13.2 milion (EUR2.6... 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.