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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Romanians Get a Taste for Bucharest Stock Exchange Investments
06.28.2024
The listing of Hidroelectrica (H2O), Fidelis government bond issues, the financial results that have brought all-time highs for stocks such as OMV... more
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INS: Romania Housing Permits Down 0.5% in Jan-May 2024
06.28.2024
Romania issued 14,050 housing construction permits in the first five months of 2024, down 0.5%. more
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INS: Romanian Execs Expect Rising Activity and Prices in Constructions and Retail Trade in June-August Period
06.28.2024
Romanian executives forecast rising activity in constructions and retail trade for June-August period, in parallel with higher prices in both... more
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Medialine Romania 2023 Turnover Up almost 60% To over EUR2.5M
06.28.2024
Medialine Romania, an international company specializing in providing complete and personalized IT solutions for medium-sized and large companies,... more
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Zes Zollner Electronic Doubles Net Profit in 2023
06.28.2024
Electronic parts and equipment manufacturer Zes Zollner Electronic, the local subsidiary of German concern Zollner Elektronic, for 2023 reported... more
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Lagardere Travel Retail Has EUR10M Investment Budget for Otopeni Airport Space Refurbishment
06.28.2024
Lagardere Travel Retail, part of French group Lagardere, with operations in travel retail and the hospitality industry, has won a large part of... more
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Building Materials Wholesaler Max Opens New Warehouse in Medgidia
06.28.2024
Constanta-based building materials warehouse chain, owned by Dumitru family, is adding a new warehouse in Medgidia. more
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UBM Feed Romania Set to Invest EUR3M in New Silo
06.28.2024
UBM Feed Romania, leader of the local feed market, will invest EUR3 million in new silo this year. more
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Owner of Villa Vinea Winery Becomes Major Shoe Producer in Romania
06.28.2024
Italian entrepreneur Heiner Oberrauch, known locally for owing Villa Vinea winery of Mures county, is also a major player in Romania footwear... more
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Meat Processor Vascar Wants to Tap into US Market
06.28.2024
Vaslui-based meat processor Vascar aims to enter the US market by end-2024. more
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Farmec Readies Ground for New Plant
06.28.2024
Cluj-based cosmetics producer Farmec is readying to start works for the new plant, where it will relocate its activity. more
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Alka Trading Budgets 30% Higher Exports In 2024
06.27.2024
Alka Trading, one of the biggest players in the sweet and salty snacks market in Romania, is betting on increasing its business and its exports... more
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OMV Petrom Signs Contract With Expur To Buy Fully Refinable Vegetable Oil
06.27.2024
OMV Petrom (SNP.RO), the largest integrated power producer in SE Europe, has concluded a supply contract with Expur SA for the acquisition of fully... more
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Finance Ministry Raises RON3.03B From Banks On June 27
06.27.2024
Romania's Finance Ministry raised RON3.03 billion from banks on Thursday (June 27), selling government paper in two auctions at annual average... more
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Retailer Auchan Wants To Develop Franchised Convenience Store Chain
06.27.2024
Auchan Romania, one of the leading actors of the local grocery retail, is launching its own franchising program, providing Romanian entrepreneurs... more
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ING Bank Grants EUR150M Loan To Digi
06.27.2024
ING Bank provided Digi Romania and Digi Communications, the parent company of the telecom operator, a EUR150 million funding for three years from... more
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Colliers: Modern Industrial And Logistics Space Stock In Romania Reaches 7.1M Sqm In 2023
06.27.2024
Modern industrial and logistics space in Romania reached 7.1 million square meters in 2023, making the country the third biggest I&L market of the... more
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EBRD Slightly Reduces Stake in Banca Transilvania; Remains Confident of Bank’s Future Prospects
06.27.2024
The European Bank for Reconstruction and Development (EBRD) has slightly cut its stake in Banca Transilvania, the largest bank in Romania, via the... more
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CFA Analysts Foresee 1.9% GDP Growth, 6% Budgetary Gap in 2024. Inflation Expected to Average 5.45%, Leu to Reach 5.0605 Units/Euro in Next 12 Months
06.27.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while... more
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Romania Employers Put over 150,000 New Jobs on Market in H1/2024
06.27.2024
The number of jobs employers put on the market in the first half of 2024 topped 150,000, of which almost 40,000 came from the part of retail... 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.