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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Romanian Govt Set to Borrow More Frequently from Retail Investors via Fidelis Issues
07.04.2024
Fidelis issues, via which Romania’s government sells government bonds to retail investors at non-taxable interest rates that are often more... more
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Bio Eel 2023 Turnover Up 33.6% in 2023, To almost RON905M
07.04.2024
Bio Eel, specialized in drug production and wholesale, with a plant in Targu-Mures, in 2023 posted turnover worth around RON905 million (EUR183... more
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Germany’s Reinert Reaches over EUR37M Turnover with Oradea Plant
07.04.2024
Technical plastic solutions developer Reinert Junststofftechnik, acquired in late 2019 by Germany’s CCBA Vewaltungs, for 2023 reported turnover... more
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Sinaia SA Ends 2023 with RON66M Turnover, 37% Profit Margin
07.04.2024
Israeli-held Sinaia SA, which manages two hotels in mountain resort Sinaia, in 2023 reached RON66 million turnover, up 20% from 2022, and managed... more
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Drugmaker Infomed Fluids Sees Turnover Rise 45% in 2023, Profit Top RON55M
07.04.2024
Infomed Fluids, one of the largest drug makers with a local plant, ended 2023 with RON277 million turnover, up 45% from 2022. more
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Top Five Video Game Developers Ni Romania See Over RON1B Revenue In 2023
07.03.2024
Video game development industry in Romania has been dominated by multinationals for many years, as the top actors are still Electronic Arts (US),... more
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Packaging Maker Promateris Got EUR2.3M In Norwegian Funds In Last Four Years
07.03.2024
Promateris (PPL.RO), a leading Romanian industrial group that manufacturers biodegradable and compostable packaging, has proven that accessing... more
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Asbis Romania Returns To Profit In 2023, With RON0.4M Net Gain
07.03.2024
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe,... more
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Forvis Mazars’ 2024 CEE Tax Guide Unveils Significant Disparities In Tax Rates And Competitiveness Indicators Across CEE Region
07.03.2024
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases its latest CEE Tax Guide 2024, providing... more
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ROCA Industry Eyes Consolidated Turnover Of RON655.4M In 2024, Up 54% YoY
07.03.2024
ROCA Industry, the Romanian holding of construction materials companies, aims to achieve a turnover of RON655.4 million in 2024, through its... more
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Direct Pharma Logistics Expands Drug Wholesale Operations to Bulgaria
07.03.2024
Pharma company group Direct Pharma Logistics, made up of Direct Pharma Logistics, Pharmalink and Farmatop, is expanding its drug wholesale... more
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TAROM Buys Two Boeing 737 MAX 8 Planes
07.03.2024
Romanian state-owned airline TAROM has signed the leasing contract for the acquisition of two Boeing 737 MAX 8 planes, due to be delivered during... more
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Energy Ministry Wants Nuclearelectrica to Continue Project Based on SMR Technology
07.03.2024
State-owned Nucleaelectrica (SNN), Romania’s sole nuclear power producer, has announced it received a request from the Energy Ministry to... more
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Panifcom Aims to Invest EUR7-8M in 2024; Looks at International Market
07.03.2024
Panifcom, an integrated agribusiness, has a EUR7-8 million investment budget in 2024. more
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Braiconf Calls on Romania Govt to Save Local Textile Industry
07.03.2024
Braila-based apparel manufacturer Braiconf is asking the government to act to save Romania’s textile industry, which is losing annually hundreds... more
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Rondocarton Ends 2023 With RON606M Revenue, Slightly Up YoY
07.03.2024
Rondocarton, part of Austria’s Rondo Ganahl group, one of the largest corrugated cardboard manufacturers, which operates three plants in Romania,... more
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Window And Door Manufacturer Optimedia Earmarks Investments Worth Over EUR12M For 2024
07.03.2024
PVC and aluminum windows and doors manufacturer Optimedia has budgeted investments of over EUR12 million for 2024, which target the development of... more
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Adobe Revenue And Profit Up Again In Romania In 2023
07.02.2024
Adobe Systems Romania, the local subsidiary of the US group by the same name, one of the largest software businesses in the world, posted RON444... more
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JYSK Opens Store In Targu-Mures, Reaches 143 Units In Romania
07.02.2024
Scandinavian home furnishings retailer JYSK continues its expansion plans in Romania and is inaugurating a store in the town of Targu-Mures, on... more
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Vrancart Recycling Gets RON37M State Aid
07.02.2024
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) has informed shareholders and investors in a stock market report on July 1 about a state... 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.