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.
-
One United Properties: Value of Developments Under Construction Topped EUR1.5B in 2023
07.10.2024
One United Properties, the leading green developer and investor in residential, mixed-use, and office real estate in Romania, has announced the... more
-
Report: PE-Backed Companies Created 7.1% More Jobs in Romania in 2022
07.10.2024
PE-backed companies created 7.1% more jobs (with 4,027 more employees against 2021), compared with the 2.3% increase of the overall economy in... more
-
Statistics Board: Average Income Per Household in Romania at RON8,049 in Q1/2024, up 15.3% YOY
07.10.2024
The total monthly average income in Romania stood at RON8,049 per household in Q1/2024, up 7.3%, representing RON3,210 per person, 7% more than in... more
-
Romania’s Goods Trade Gap Widens by 11.1% in Jan-May 2024 To EUR12.2B YOY
07.10.2024
Romania’s goods trade deficit, namely the gap between goods exports and imports, widened in January-May 2024 by 11.1% year-on-year to EUR12.2... more
-
New Resources for SEE Tech Startups: Bulgaria’s BrightCap Ventures Launches Second, EUR60M Fund
07.10.2024
BrightCap Ventures, a venture capital fund headquartered in Sofia, has has completed the first close of its new fund targeting €60m. more
-
Dacia Readies to Start Bigster Production
07.10.2024
Dacia has already started deliveries of the new Duster III and the Mioveni plant is readying to start manufacturing Bigster, the first compact SUV... more
-
Hidroelectrica Signs Contract For Refurbishment Works At Vidraru Hydropower Plant
07.09.2024
Hidroelectrica (H2O.RO), the largest electricity producer in Romania and the largest company listed on the Bucharest Stock Exchange, on July 9... more
-
Delgaz Grid: Energy Infrastructure Investments Are Crucial For The Economy
07.09.2024
Delgaz Grid, part of E.ON Romania group, has an investment budget of RON788 million for 2024, from own sources and EU funds, but, at the national... more
-
ING Hubs Romania Revenue Up To Almost RON700M In 2023
07.09.2024
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services,... more
-
Nor Real Estate Gets EUR21M Loan From OTP Bank Romania For Office Project In Bucharest
07.09.2024
OTP Bank Romania has concluded a EUR21 million financing agreement with Nor Real Estate, part of Atenor Group, for the development of Phase 1 of... more
-
Mediplus Reclaims Top Spot From Fildas On Pharmaceutical Wholesale Market
07.09.2024
Pharmaceutical wholesale in Romania has a new leader by revenue, after Mediplus posted RON6.9 billion revenue in 2023, RON34 million more than the... more
-
UiPath Reports RON2.8B Turnover In Romania In 2023, Up 25% YoY
07.09.2024
UiPath, the most successful product in the Romanian IT industry and the first Romanian IT company listed on Wall Street, has reported at Romania's... more
-
Law Firm bpv GRIGORESCU STEFANICA Advises Private Equity Firm Omnia Capital On Acquiring 44% In Cargo Buddy
07.09.2024
Law firm bpv GRIGORESCU STEFANICA has advised private equity investment firm Omnia Capital on acquiring 44.67% of Cargo Buddy, a digital shipping... more
-
Freshful Appoints Tudor Mihailescu As General Manager
07.09.2024
Tudor Mihailescu, Senior Vice President and Chief Operating Officer (COO) within the eMAG Group, in June 2024 also took over the position of... more
-
Colliers Romania Appoints Alexandru Atanasiu As Head Of Construction Services And Member Of The Board Of Directors
07.09.2024
Real estate consulting company Colliers has appointed Alexandru Atanasiu to the position of Head of Construction Services and member of the Board... more
-
OMV Petrom Hydrocarbon Output Down 3.2% in Q2/2024 Vs Q2/2023
07.09.2024
OMV Petrom, Romania’s largest oil and gas producer, announced total hydrocarbon production in Q2/2024 reached 110,100 barrels of oil equivalent... more
-
Meat Processor CIA Aboliv Hits RON245M Turnover in 2023, Up 28% YOY
07.09.2024
Meat product manufacturer CIA Aboliv of Mihai Viteazu, Cluj, controlled by businessman Bogdan Ilie Daniel, ended 2023 with turnover worth above... more
-
Star Assembly Sebes Sees Turnover Top RON10B in 2023
07.09.2024
Sebes-based Star Assembly, the local unit of Mercedes-Benz AG, for 2023 reported turnover worth above RON10 billion (around EUR2 billion), up 10.6%... more
-
Germany’s Rewe Wants to Bring Drugstore Brand BIPA to Romania
07.09.2024
German group Rewe wants to bring drugstore brand BIPA to Romania, according to ZF sources. more
-
European Energy Plans To Develop 1.5 GW Of Renewable Energy Capacities In Romania
07.08.2024
Danish renewables developer European Energy has announced in a press statement that it is planning to develop 1.5 GW of renewable energy capacities... 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.