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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RCI Holding Recruits Frank Hajdinjak As Chief Strategy Officer
07.05.2024
RCI Holding, a major player in the engineering, financial solutions, technology, energy markets and management Consulting, held by businessman Dan... more
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ONE Gallery Floreasca Signs EUR40.2M Lease Contract With Tomcat Comserv
07.05.2024
Real estate developer One United Properties (stock symbol: ONE) has announced in a stock market report on July 5 that its daughter company, ONE... more
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Competition Council Approves Takeover Of Alstef Group By Ardian France
07.05.2024
Romania's Competition Council approved the transaction through which France's Ardian France S.A.S. intends to acquire Alstef Group S.A.S. and its... more
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EY Romania: M&A Market Posted 124 Deals in H1/2024, Down 6% by Volume
07.05.2024
The Romanian M&A market registered 124 deals in the first half of 2024, with a total estimated value of $2.3 billion, marking a 6% decline by... more
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Cognizant Romania Recruits over 100 IT Specialists
07.05.2024
IT company Cognizant Romania is recruiting over 100 IT experts, beside the more than 100 persons hired since the start of the year. more
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Munch App Reaches 128 Partners, 194 Locations in Romania
07.05.2024
Hungary’s startup Munch, which entered Romania this March with its app that aims to aid curb food waste, has reached 128 partners and 194... more
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Flip.ro Platform Generates EUR56M Sales in 2023
07.05.2024
Local startup Flip.ro, part of eMAG group, registered EUR56 million sales during fiscal year 2023, 46% higher than in 2022. more
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Trend Furniture Set to Invest EUR3M in New Space
07.05.2024
Trend Furniture has started a EUR3 million investment in the building of a 4,000-sqm space in Gilau, Cluj county, where it will in 2025 move... more
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Phonetastic GSM Revenue And Profit Shrink In 2023
07.05.2024
Phonetastic GSM a local distributor of smartphones, gadgets and other IT&C equipment, posted RON200.3 million (EUR40.3 million) revenue last year,... more
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BMW Expects IT And Software Hub In Cluj-Napoca To Grow To 1,000 Employees In A Few Years
07.05.2024
Germany’s BMW Group expects its new IT and software it opened in Cluj-Napoca together with Japan’s NTT Data Group to reach 1,000 employees in... more
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Zentiva Group, With Two Drug Plants In Bucharest, Aims To Manufacture New Products In Romania
07.05.2024
The most important investment project for pharmaceutical group Zentiva Romania in 2024 is to manufacture at its two plants in Bucharest medical... more
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Private Pension Funds Sold RON100M Worth Of Banca Transilvania Shares In May
07.04.2024
Aripi, BCR Pensii, BRD Pensii and Metropolitan Life Pensii Private are the Pillar II private pension funds that sold about 3.4 million Banca... more
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Aramis Invest's 2023 Net Profit Soars Almost 73% YoY To RON74.6M
07.04.2024
Aramis Invest, the largest local furniture producer, held by local entrepreneurs Vladimir Iacob and Marius Selescu, reported a net profit of... more
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EC Report Shows Link Between EUR8B In Uncollected VAT And CO2 Emissions
07.04.2024
In 2021, European Union member states lost around EUR61 billion in uncollected VAT, of which over EUR8 billion in Romania alone, placing the... more
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Belgium’s Bekaert Signs Agreement With Rezolv Energy To Buy 100 GWh Of Wind Power
07.04.2024
Belgium’s Bekaert has signed an agreement to buy 100 GWh worth of wind power from Romania with electricity generation company Rezolv Energy, held... more
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Omnia Capital Continues Consolidation Process, Buys 44.67% In Cargo Buddy
07.04.2024
Investment company Omnia Capital, founded by Matei Ladea and Bogdan Georgescu, is continuing its consolidation process and buying 44.67% in Cargo... more
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Romanians Invested Over RON2B In Latest Fidelis Bond Offer
07.04.2024
Romania's Ministry of Finance has attracted over RON2.1 billion (EUR435.5 million) through the third primary offer of Fidelis government bonds,... more
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Maria Boldor Takes Over As Managing Director Of Horváth Romania
07.04.2024
Maria Boldor, who was promoted to Partner within the international management consultancy group Horváth this spring, has also become the Managing... more
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Catinvest Invests EUR36M To Expand ElectroPutere Parc In Craiova
07.04.2024
French real estate group Catinvest is investing EUR36 million to expand ElectroPutere Parc from Craiova, along with the opening of the new Leroy... more
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BNR Survey: Over Half of Non-Financial Companies Sense Economic Condition Deterioration in Past Six Months, But Sentiment Improves
07.04.2024
Over half (56%) of non-financial companies in Romania have perceived a worsening of the economic situation nationally in the past six months,... 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.