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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Romania Five Largest Grain Farmers See Profit Slump 2.5 Times in 2023
06.27.2024
Romania’s five largest grain farmers by turnover generated RON3.5 billion in 2023, 15% less than in 2022, and their total net profit dropped 2.5... more
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International Hotel In Sinaia Ends 2023 With RON41.5M Revenue
06.26.2024
The four-star International Hotel in Sinaia, one of the largest in the mountain resort, with a capacity of 180 rooms, ended last year with RON41.5... more
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Furniture Retailer Staer Sees Profit Up 2.4 Times In 2023
06.26.2024
Staer International, the company that owns furniture stores under the Staer brand, ended 2023 with about RON80.6 million (EUR16.3 million) revenue,... more
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Major Energy Companies On Bucharest Stock Exchange Have RON153B Capitalization and RON24B Cash
06.26.2024
The eight large energy companies included in the main index of the Bucharest Stock Exchange, BET, have a market capitalization of RON153 billion... more
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European Commission: Romania Does Not Meet Criteria For Joining Euro Area
06.26.2024
The European Commission published the 2024 Convergence Report on Wednesday in which it provides its assessment of the progress non-euro area member... more
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Telekom Romania Mobile Becomes Partner of Telecommunication at Neversea
06.26.2024
Telekom Romania Mobile, ranking fourth on the local mobile telephony market, a company owned by groups OTE (Greece) and Deutsche Telekom (Germany),... more
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Romgaz Makes RON200M Term Deposit with Exim Banca Romaneasca
06.26.2024
Natural gas producer and supplier Romgaz, a state-owned company, on June 25 made a term deposit worth RON200 million with Exim Banca Romaneasca. more
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Aquaserv Invests EUR600,000 To Install PV Panels at Tulcea Headquarters
06.26.2024
Restart Energy, one of the main independent suppliers of electricity and renewable energy in Romania for household consumers and SMEs, has... more
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Germany’s BayWa Takes Over White Gate Photovoltaic Park of Constanta
06.26.2024
BayWa r.e. Romania, the local subsidiary of BayWa group founded more than 100 years ago in Germania, has acquired White Gate photovoltaic park of... more
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C&W Echinox: Romanians Spent EUR63M in Cinemas in 2023, Up 25% from 2022
06.26.2024
Romanians last year spent RON308 million (EUR63 million) in cinemas, 25% more than in 2022, with the number of spectators rising by 16%, to around... more
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Agroland Business System Enters Organic Segment In Wake of EUR200,000 Investment
06.26.2024
Entrepreneurial group Agroland Business, which owns the largest farming supplies store chain in Romania, has turned the Caransebes feed factory... more
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Online Retailer evoMAG Sees Sales Abroad Double in 2023
06.26.2024
Online retailer evoMAG in 2023 saw sales abroad double, with the weight of this segment climbing to around 10% of total sales. more
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All Romania Subsidiaries of Giants Huawei, Ericsson and Nokia Networks Saw Turnover Slide in 2023
06.26.2024
Huawei, Ericsson and Nokia Networks, three of the largest global producers of equipment and services suppliers for the telecom industry, reported... more
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Minifarm Pharmacy Chain Reports RON380M Turnover in 2023, Up 19% YOY
06.26.2024
Minifarm pharmacy chain, with units in Tulcea and Constanta counties and in Bucharest, ended 2023 with RON380.5 million turnover, up 19% from 2022. more
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Fiterman Pharma Sees Turnover and Profit Drop in 2023
06.26.2024
Fiterman Pharma, the drug producer controlled by Fiterman family of Iasi, in 2023 saw its turnover go down by almost 10%, while profit halved. more
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JT Grup Oil Set to Debut on BVB in Early July
06.26.2024
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, is readying to list on the AeRO market of the... more
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Instant Factoring IFN Gets EUR1M Subordinated Loan from EIF To Boost Lending to Small Companies in Romania
06.26.2024
Romanian fintech Instant Factoring IFN has signed a EUR1 million subordinated loan agreement with the European Investment Fund to expand lending to... more
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10 Biggest Couriers in Romania Rake In RON5.6B Turnover in 2023
06.26.2024
The ten largest companies on Romania postal and courier services market together generated overall turnover worth RON5.6 billion in 2023, up 12%... more
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Digi Shareholders Approve RON1.25 Gross Dividend Per Share
06.25.2024
Telecom operator Digi Communications (DIGI.RO) announced its shareholders approved distribution of RON1.25 gross dividend per share in the meeting... more
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Transelectrica Gets EUR64M Via Modernization Fund For 400 kV Overhead Electric Line
06.25.2024
National grid company Transelectrica (TEL.RO) has secured EUR64 million non-repayable funding from the Modernization Fund, the company announced in... 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.