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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Former Kaufland Romania CEO Adrian Viman Reports Owning 5% In BRK Financial Group Via Princeton Investments
06.25.2024
Princeton Investments SRL, equally held by Vasile Adrian Viman (former Kaufland Romania CEO) and Claudiu Viman, according to termene.ro, reported... more
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CMS Advises Alcedo On Acquisition Of Naturevo
06.25.2024
International law firm CMS has advised Alcedo SRL (Alcedo), a subsidiary of the Japanese conglomerate Sumitomo Group, on the acquisition of... more
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University Of Medicine And Pharmacy Of Iasi Gets EUR35.4M Loan From EIB
06.25.2024
Romania’s Grigore T. Popa University of Medicine and Pharmacy of Iasi (UMF Iasi) is borrowing EUR35.4 milion from the European Investment Bank... more
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Rompetrol Rafinare Retools Hydrogen Power Plant At Petromidia Refinery
06.25.2024
Rompetrol Rafinare (RRC.RO), a member of the KMG International Group (Rompetrol), has retooled the hydrogen power plant (HPP) in the Petromidia... more
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Lidl Romania Gets New CEO
06.25.2024
German-held discount retailer Lidl, the leader of the modern retail in Romania by sales, almost RON22 billion in 2023, will have a new chief... more
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Romania Private Lending Up 5.7% YOY To RON393.5B in May 2024
06.25.2024
Private lending in Romania rose in May 2024 by 5.7% from the year-earlier period, to RON393.5 billion, after local currency loans posted a 7.6%... more
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Consulting Company Premier Hospitality Set to Run Ramada Sibiu Hotel in Lease-Type System
06.25.2024
Consulting company Premier Hospitality is taking over the management of Ramada hotel of Sibiu, in a lease-type system for a 20-year period. more
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Austria’s Meinhart Kebel Oestereich Files Bankruptcy Request for Romcab
06.25.2024
Fiber optic cable producer Romcab Targu Mures has announced Austrian group Meinhart Kabel Oestereich GmbH filed a bankruptcy request against the... more
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Primark To Open Store In Iulius Town In Timisoara In August
06.25.2024
International fashion retailer Primark will open a store in Iulius Town, the mixed-use complex developed by Iulius in Timisoara, on August 7. more
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Spain’s FF Ventures Enters Romania Green Energy Market
06.25.2024
FF Ventures, an independent power producer of Spain, has arrived on Romania’s market, where it will develop, in the next three years, 500 MW of... more
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Romania Car Output Up 8% in Jan-May 2024 To 246,346 Units
06.25.2024
Romania’s two car plants, Automobile Dacia and Ford Otosan, in the first five months of 2024 churned out 246,346 units, up 8% from the... more
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Intrarom 2023 Turnover Rises 20% To RON236M
06.25.2024
Intrarom, an IT&C solution integrator and telecom equipment producer, in 2023 posted higher turnover, but its net profit and headcount shrank. more
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Faurecia Romania 2023 Turnover Tops RON1.6B, Up 23.5% YOY
06.25.2024
Faurecia Romania, the local subsidiary of French giant Faurecia, for 2023 reported turnover worth RON1.6 billion (EUR324.8 million), 23.5% higher... more
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Furniture Maker Polipol Sees Profit Rise 2.5 Times in 2023 YOY
06.25.2024
Upholstered furniture manufacturer Polipol, owned by the German group of the same name, in 2023 generated net profit of RON10.2 million (over EUR2... more
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Beko Romania Reports RON3.4B Turnover in 2023, Down 10% from 2022, Switches to Profit
06.25.2024
Beko Romania, the former Arctic, the largest electrical home appliances producer locally, for 2023 reported turnover worth RON3.4 billion (EUR685... more
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Pharmacy Network Myosotis Hits RON385M Turnover in 2023, Up 22% YOY
06.25.2024
Myosotis brand, which has 146 pharmacies across several counties, reached RON385 million turnover in 2023, a figure comprising three companies the... more
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Restart Energy Raises EUR3.4M Via Bond Issue, Half Its Target
06.21.2024
Restart Energy One, one of the main independent suppliers of electricity and renewable power for household and small business customers in Romania,... more
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Romania Moves To EU Minimum Wage
06.21.2024
The Government has approved the law on setting the EU adequate minimum wage. The bill will go to Romania’s Parliament next for expedited... more
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Wizz Air Moves Three Flights From Bucharest To Baneasa International Airport
06.21.2024
Wizz Air will relocate the flights from Bucharest to Seville, Madrid and Malaga temporarily from the Otopeni Airport to the Aurel Vlaicu (Baneasa)... more
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Austrian Entrepreneur Michael Tojner Sells Alu Menziken, with Aluminum Profile Plant in Satu Mare, to China’s Inner Mongolia Mengtai Group
06.21.2024
Alu Menziken, a company part of Montana group founded by Austrian entrepreneur Michael Tojner, has been acquired by Chinese group Inner Mongolia... 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.