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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Finance Ministry Raises Nearly RON2.2B From Banks Via Two Bond Issues On July 1
07.01.2024
Romania's Finance Ministry raised RON2.2 billion from banks on Monday (July 1), selling government paper in two auctions, at annual average yields... more
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Romania Forex Reserves Shrink To EUR64.39B In June 2024
07.01.2024
Romania's foreign exchange reserves stood at EUR64.39 billion at the end of June 2024, compared with EUR65.07 billion on May 31, 2024, central bank... more
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Hilton Set To Open First Resort In Romania: DoubleTree Maramures Izvoare Resort
07.01.2024
International hotel group Hilton Group has concluded a franchise partnership with Romanian company Izvoare Resort for the opening of the first... more
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Competition Council Approves Takeover Of Romanian Software S.R.L. By SD Worx People Solutions NV
07.01.2024
Romania's Competition Council has approved the operation through which SD Worx People Solutions NV intends to acquire Romanian Software S.R.L. more
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Bucharest Stock Exchange Launches In Partnership With DRUID The Virtual Assistant Q, An AI-based Digital Solution
07.01.2024
The Bucharest Stock Exchange (BVB) is launching the first version of the Q chatbot, a digital solution based on artificial intelligence (AI), to... more
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MedLife Fully Acquires Antares Clinic Group
07.01.2024
Medical services network MedLife has announces in a stock market report on Monday (July 1) the signing of a new transaction regarding the... more
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PwC: Three Quarters of Romanians Expect to Spend More on Food, Apparel, DIY Items and Travel in Next 6 Months
07.01.2024
Three quarters of Romanians estimate that in the next six months they will spend more for food, clothes, DIY products and travel, reveals PwC Voice... more
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Luxoft Had over 2,400 Employees in Romania and RON656M Turnover in 2023
07.01.2024
Luxoft Romania, a wholly owned subsidiary of US company DXC Technology and one of the largest software development and IT solutions company in... more
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Builder IBB-HIB Romania Has EUR270M Worth of Infrastructure Projects Underway
07.01.2024
IBB-HIB Romania, a construction company of Bucharest, owned by Craciunescu family, has projects worth EUR270 million underway, due to be completed... more
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EnergoBit Eyes RON550M Turnover in 2024
07.01.2024
Group of firms EnergoBit, with EnergoBit SA as the largest company of the group, aims to reach RON550 million turnover this year, up from the... more
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Rotolito Set to Invest EUR5M To Upgrade Book Binding and Finishing Department
07.01.2024
Rotolito, an Italian-held company operating in the field of book and magazine printing, will invest over EUR5 million to technologically upgrade... more
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Snacks Wholesaler Mogyi Romania Hits RON97.6M Turnover in 2023, Up 12.3% YOY
07.01.2024
Snack wholesaler Mogyi Romania, the local subsidiary of Hungary’s Mogyi, for 2023 reported turnover worth RON97.6 million (EUR19.7 million), up... more
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Metaplast Net Profit Up 2.5 Times in 2023, To RON22.2M
07.01.2024
Metaplast, a manufacturer of plastic parts for the automotive industry, part of group of firms MEN Industry Group, owned by Romanian entrepreneur... more
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Tesla Set to Open First Integrated Center in Romania in Northern Bucharest
07.01.2024
High demand for Tesla cars in Romania has pushed the US carmaker to step up investments locally and expand its network. more
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Poland’s LPP Reaches 190 Stores, RON1.6B Turnover in Romania
07.01.2024
Polish fashion group LPP reached RON1.6 billion turnover in Romania last year, up 12.5% from 2022. more
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Digi Communications Announces Granting Of Conditional Stock Options To Its CEO And Executive Director
06.28.2024
Telecommunications operator Digi (DIGI.RO) on Friday evening notified the Bucharest Stock Exchange of having granted conditional stock options of... more
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Hidroelectrica Shareholders Approved Revision Of 2024 Spending And Revenue Budget
06.28.2024
The shareholders of Hidroelectrica, the largest energy producer in Romania and the largest company listed on the Bucharest Stock Exchange approved... more
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IT Genetics Ends 2023 With 20% Growth In Revenue To RON70M
06.28.2024
Romanian group IT Genetics, a provider of equipment and software solutions for optimization and digitization of operational processes, with an... more
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Loan Reference Index IRCC Slightly Down At 5.89% For Q3, 2024
06.28.2024
IRCC, which banks use to set the interest rate for new loans taken since the spring of 2019, will stand at 5.86% a year in July-September 2024,... more
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LaDoiPasi Network Opens 60 Stores in Single Day, Overshoots 2,400-Unit Mark Nationwide
06.28.2024
Proximity store network LaDoiPasi, a franchise developed by METRO Romania, has opened 60 stores in a single day, getting beyond 2,400 units... 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.