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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Aqurate Eyes New Seed Funding Round
07.11.2024
Aqurate, a local startup that has developed an AI-powered SaaS platform for ecommerce data analysis, aims to raise a new seed funding round to step... more
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OVES Enterprise Buys Minority Stake In MXT Creation
07.11.2024
OVES Enterprise, a Romanian software development company and drone manufacturer, has announced the acquisition of a minority stake in MXT Creation,... more
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Early Game Ventures Carries Out First Investment from New EGV II Fund
07.11.2024
Early Game has invested EUR900,000 in Relock, a cybersecurity startup created by Polish founders that develops a new API protection technology, as... more
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Altex And Mobexpert Set To Jointly Launch New Store Concept
07.11.2024
Computer and electronics retailer Altex, held by entrepreneur Dan Ostahie, and furniture retailer Mobexpert, held by Dan Sucu, will be jointly... more
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iBanFirst Processed EUR660M Worth Of International Payments For Local Trading Companies In H1/2024, Up 203% YoY
07.11.2024
iBanFirst, one of the leading global providers of foreign exchange and international payments for businesses, has intermediated EUR660 million in... more
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tbi bank Signs Partnership Deal With Broker Pint.ro Enabling Romanian Clients To Buy Insurance Via BNPL Solution
07.11.2024
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker Pint.ro, whereby customers can buy... more
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Romania's Annual Inflation Keeps Downward Trend, Drops To 4.9% In June 2024
07.11.2024
Romania's annual inflation decreased to 4.9% in June 2024, compared to 5.1% in May 2024 and 5.9% in April 2024, data from the country's statistics... more
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Law Firm Filip & Company Assists Digi Spain Unit in Inking Roaming and RAN Sharing Agreements with Telefónica Móviles España
07.11.2024
Law firm Filip & Company assisted the Spain subsidiaries of Digi group in sealing a national roaming contract and a RAN sharing agreement with... more
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Konica Minolta Business Solutions Romania Sees 2023 Turnover Rise 7% To over EUR35.7M
07.11.2024
Konica Minolta Business Solutions Romania, a major player on the printing systems market and a supplier of IT solutions and services, ended 2023... more
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Ardealul Carei 2023 Turnover Down almost 30% To RON427.7M
07.11.2024
Ardealul Carei, a major vegetable oil producer locally, for 2023 reported turnover worth RON427.7 million (EUR86.5 million), down around 30% from... more
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Pretzel Shop Chain Luca Operator Tinervis Group Ends 2023 with RON526M Turnover, Up 43% YOY
07.11.2024
Pretzel shop chain Luca has in less than 15 years reached turnover of half a billion lei (RON526 million in 2023) after fast growth supported by... more
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Heineken Romania Revenue Up 13% In 2023
07.10.2024
Heineken Romania, the second-largest player on the local beer market, ended 2023 with RON1.7 billion revenue, up 13% from the previous year,... more
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Simtel Team Shares To Be Traded On Main Market Of Bucharest Stock Exchange
07.10.2024
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national... more
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Arobs Raises EUR29M Via Capital Increase
07.10.2024
Arobs Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange has announced successful completion... more
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Dutch Majority Owner Of DN Agrar Sells 6.1% In It To Investors On Bucharest Stock Exchange
07.10.2024
Dutch-held A.M. Advies B.V. now owns 68% in DN Agrar (DN.RO), which manages the largest integrated livestock farm in Romania, following the sale of... more
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Argus Constanta Shareholders Approve Loans Of Up To RON120M For Working Capital
07.10.2024
Vegetable oil producer Argus Constanta (UARG.RO) on Wednesday announced the extraordinary general meeting of shareholders had approved taking out... more
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Transelectrica Calls Shareholders To Approve Buying Stake In New Company
07.10.2024
National grid company Transelectrica (TEL.RO) is calling shareholders for an extraordinary general meeting on August 12 to approve the acquisition... more
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Digital Music Company Believe Buys 25% In Global Records
07.10.2024
France-based Believe, one of the leading digital music companies in the world, has bought 25% in Global Records, established by Stefan Lucian in 2008. more
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Romgaz Modifies Contract With Engie From RON290M To RON233M Due To Drop In Gas Price
07.10.2024
State-run natural gas producer and supplier Romgaz (SNG.RO) has modified a gas sale-purchase contract with Engie Romania, the largest natural gas... more
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Romanian Startup Telerenta Expands to Poland
07.10.2024
Romanian tech startup Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users, and, since... 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.