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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Romania’s Public Debt Up To RON852.8B And 52.1% Of GDP At End April 2024
07.15.2024
Romania’s public debt, in both lei and foreign currency, increased by RON69.3 billion to RON852.8 billion in April 2024 and to 52.1% of the GDP... more
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Sphera Franchise Group CFO Valentin Budes And Board Member Razvan Lefter Sell RON3.2M Worth Of Shares
07.12.2024
Sphera Franchise Group (SFG.RO), the operator of franchised KFC, Pizza Hut and Taco Bell restaurant chains in Romania and of the KFC restaurants in... more
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Moneycorp: Romania’s Exports Could Overshoot EUR100M Mark In 2024
07.12.2024
Romania’s exports could overshoot the EUR100 billion mark this year, with Germany, Italy, Poland, Slovakia, Czech Republic and Hungary being the... more
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Law Firm Filip & Company Assists AROBS In Capital Increase Operation
07.12.2024
Law firm Filip & Company advised AROBS Transilvania Software, the largest technology company listed on the Bucharest Stock Exchange, in the share... more
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Hidroelectrica Set to Announce New Investment Projects in Coming Period
07.12.2024
A year after the biggest listing in the history of the Bucharest Stock Exchange, the EUR2 billion one of Hidroelectrica (H2O), Bogdan Badea, chief... more
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Nala Renewables Buys 61 MW Solar Project in Caras-Severin
07.12.2024
Monsson, the main green energy developer in Romania, controlled by businessman Emanuel Muntmark, has sealed an agreement with Nala Renewables, a... more
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Romania Industrial Output Down 11.1% in May 2024 YOY, 1.7% in Jan-May 2024
07.12.2024
Romania’s industrial production shrank by 11.1% in May 2024 against the same month of 2023, in unadjusted data, amid declines registered by... more
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Romania Average Net Salary Down 1.9% In May 2024 vs April 2024
07.12.2024
The average net salary in Romania went down by 1.9% (RON99) in May 2024 compared to April 2024, to RON5,118, data from the country’s statistics... more
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Arobs Set to Continue Acquisitions in 2024, Aims to Expand Organically on EU, US Markets
07.12.2024
Arobs representatives will continue to grow the group via acquisitions, but also through organic expansion, Voicu Oprean, Arobs CEO, told ZF. more
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Cosmetics Retailer Viorica Ends 2023 with almost RON11M Turnover, Double 2022 Level. Losses also Double To RON5M
07.12.2024
Viorica Cosmetic Romania, a cosmetics producer of the Republic of Moldova, with 12 own brand stores locally, ended 2023 with turnover of almost... more
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Colliers: Romania Retail Set to Overshoot 5 Million-Sqm Mark in 2026-2027
07.12.2024
The retail sector continues to be appealing both to major investors, with investment funds willing to develop projects of hundreds of million... more
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Altex And Mobexpert Partner For EUR16M – EUR17M Retail Project In Pallady Area Of Bucharest
07.11.2024
Computer and electronics retailer Altex and furniture manufacturer and retailer Mobexpert are teaming up for a EUR16 million to EUR17 million... more
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Albalact Remains Largest Dairy Business In Romania In 2023
07.11.2024
The year 2023 came with a number of changes in the dairy industry. Danone reached the RON1 billion mark for the first time, something Albalact had... more
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Dacia Plant Reports 10% Higher Annual Turnover, Of Nearly RON83M, For 2023
07.11.2024
Food supplements and tea producer Dacia Plant, ended 2023 with a turnover of almost RON83 million, up 10% on the year, but its profit shrank 15% on... more
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Turism Felix In Talks To Affiliate Three Of Its Hotels To International Chains
07.11.2024
Turism Felix (TUFE.RO, which manages five hotels in Baile Felix, Bihor County, has signed letters of intent to enter final negotiations with two... more
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Grampet Group Makes Changes To Management Team
07.11.2024
Grampet Group, the largest private railway group and logistics operator in Romania and in the Central and Southeastern Europe, is making a number... more
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Finance Ministry Raises Nearly RON1.92B From Banks Via Two Bond Issues On July 11
07.11.2024
Romania's Finance Ministry raised RON1.92 billion from banks on Thursday (July 11), selling government paper in two auctions, at annual average... more
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Carrefour Opens Two Hypermarkets In Constanta After Integrating And Rebranding Several Cora Stores
07.11.2024
French-held retailer Carrefour is opening two hypermarkets in Constanta, following the integration and rebranding of several Cora stores. more
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Vectr Holdings, Via Its Subsidiary Vectr Realty, Acquires The Landmark Office Building In Bucharest
07.11.2024
Vectr Holdings, through its subsidiary Vectr Realty, has acquired 100% shares of the company that owns The Landmark office building, and the move... more
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Colliers: Real Estate Transactions In Romania More Than Doubled YoY In H1//2024 Up To EUR419M
07.11.2024
The first half of 2024 saw real estate transactions in Romania totaling EUR419 million, more than double the amount recorded in the same period of... 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.