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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Nuclearelectrica Announces European Commission’s Positive Opinion On Units 3 And 4 Project At Cernavoda Nuclear Power Plant
07.02.2024
State-run Nuclearelectrica (SNN.RO), the operator of the Cernavoda nuclear power plant, has announced in a stock market report on July 2 the... more
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C&W Echinox: Romanians Spent EUR36B In Large Retail Chains In 2023, Up 11% vs. 2022
07.02.2024
Romanians spent EUR36 billion in large retail chains, up 11% compared with 2022, out of which the FMCG spending accounted for EUR22.5 billion (more... more
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INS: Romania Industrial Production Prices Drop 1% YoY In May 2024
07.02.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 1% in May 2024 compared to May 2023,... more
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Romania Unemployment Rate Edges Up To 5.4% Month-On-Month In May 2024
07.02.2024
Romania’s unemployment rate stood at 5.4% in May 2024, higher by 0.1 percentage point compared to April 2024, data from the country’s... more
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AmCham Survey: Overall Investment Climate In Romania Is Rated Positive By 46% Of Respondents
07.02.2024
The overall investment climate in Romania is rated positive by 46% of respondents and companies' plans to expand operations and investment in 2024... more
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Switzerland’s Ameropa Buys Romania’s Agrotex Satu Mare
07.02.2024
Ameropa Group, a Swiss-held group, has acquired via Promat Comimpex company, included in its Romania portfolio, the majority stake in Agrotex, a... more
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Revolut Heads Toward 4 Million Retail Client Threshold in Romania
07.02.2024
Global fintech Revolut saw its retail client base go up by 13% in the first six months of 2024 and will shortly reach the 4 million client threshold. more
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Brazil’s Stefanini Boosts Romania Profit by 67% in 2023 To RON13.5M
07.02.2024
Stefanini Romania, the local subsidiary of Brazilian supplier of IT solutions and services, in 2023 saw its net profit rise by 67%, to RON13.5... more
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Meat Products and Retail Group Diana Eyes Nationwide Expansion
07.02.2024
Diana group of Ramnicu Valcea, owned by Craciunescu family, active on the meat and fish market, but also in retail, wants to expand from regional... more
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Trident Aims to Open First Dental Clinic Outside Bucharest, in Timisoara
07.02.2024
Florin Lazarescu, founder of Trident stomatology clinics, with three units in Bucharest, wants to open the first clinic outside the capital city,... more
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Detergent Producer Misavan Set to Open New Plant in EUR10M Investment
07.02.2024
Iasi-based cleaning goods producer Misavan, controlled by entrepreneur Ciprian Otea, has completed works for a new plant, an over EUR10 million... more
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Fornetti Plans To Make RON7M Investments In Romania In 2024
07.01.2024
Fornetti Romania, one of the largest actors on the pastry market of the country, has an investment budget of more than RON7 million for this year,... more
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Biscuit Maker Croco Doubles Profit In 2023 To RON81M
07.01.2024
Biscuit maker Croco, based in Onesti, Bacau County (eastern Romania), posted record high profit in 2023, RON81 milion, more than double the 2022... more
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GST Safety Textiles Ro Reports Over EUR100M Turnover For 2023
07.01.2024
Airbag manufacturer GST Safety Textiles Ro, the local subsidiary of Germany concern Global Safety Textiles, acquired in 20211 by South Korea’s... more
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Five-Star Radisson Blu Hotel In Cluj-Napoca Reaches 70% Occupancy Rate In June, Starts Construction Of Second Wing
07.01.2024
Five-star Radisson Blu Hotel in Cluj-Napoca developed by Winners Park Invest and opened in June 2022, operated at an average occupancy rate of 70%... more
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Raiffeisen Asset Management Reaches EUR1.05B In Total Assets Under Management
07.01.2024
Raiffeisen Asset Management (RAM), which manages 13 investment funds and the Raiffeisen Acumulare voluntary pension fund, has reached EUR1.05... more
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Hidroelectrica Signs Contract With Electromontaj And Koncar Engineering For Refurbishment Works At AHE Vidraru
07.01.2024
Hidroelectrica (H2O.RO), the largest electricity producer in Romania and the largest company listed on the Bucharest Stock Exchange, has announced... more
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Hidroelectrica Makes RON1.1B Deposits With Exim Banca Romaneasca
07.01.2024
Hidroelectrica (H2O.RO), the largest electricity producer in Romania and the largest company listed on the Bucharest Stock Exchange, has announced... more
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BCR PMI Index: Manufacturing Production Level Fell In June 2024 For First Time In Last Three Months
07.01.2024
The manufacturing production level declined in June 2024 for the first time in the last three months, just like the employment level, and cost... more
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Romgaz Shareholders Greenlight EUR1.5B Note Issuance Program
07.01.2024
The shareholders of natural gas producer and supplier Romgaz (SNG.RO) on Monday approved among other things a EUR1.5 billion note issuance program,... 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.