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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Conpet Ploiesti Signs RON105M Oil Transport Contract With OMV Petrom
06.21.2024
State-run Conpet Ploiesti (COTE.RO), a provider of specialized oil transportation services via pipelines and rail tank cars, which supplies... more
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Romanian State Does Not Extend Concession License for Rosia Montana Gold Mining
06.21.2024
The National Agency for Mineral Resources (ANRM) says it will not extend the validity of the concession license for Rosia Montana Gold Corporation... more
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Donalam Ends 2023 with 10% Higher Turnover, at RON812M
06.21.2024
Donalam, a member of Italy’s AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, in 2023 generated... more
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Constructii Erbasu 2023 Turnover Tops RON2B
06.21.2024
Constructii Erbasu, a company owned by Erbasu family, went beyond the RON2 billion mark in terms of turnover in 2023, more than double the 2022 level. more
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Euro Auto Plastic Systems Overshoots EUR100M Turnover Mark In 2023
06.20.2024
Euro Auto Plastic Systems, the local subsidiary of French-held Faurecia, ended 2023 with a turnover of RON494.9 million (over EUR100 million), up... more
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Intrakat: From 2025 On We’ll Be Very Interested In Investing In Energy Projects
06.20.2024
Intrakat, the Greek group that bought builder Aktor, has energy projects, as well, in its investment plan for the Romanian market. The entry of the... more
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Heating System Supplier Viessmann Ends 2023 With RON186.7M Turnover, Down 6.3% YoY
06.20.2024
Viessmann SRL, part of Germany’s heating, industrial and refrigeration systems group Viessmann, ended 2023 with a turnover of RON186.7 million... more
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Romanian Executive Lucian Dorobantu Appointed Global CEO For Inditex’s Pull&Bear Brand
06.20.2024
Romanian executive Lucian Dorobantu has been appointed chief executive officer of fashion brand Pull & Bear, one of the eight brands of Spain’s... more
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Amdaris Romania Overshoots RON61M Turnover Mark In 2023, Up 57% YoY
06.20.2024
Amdaris Romania, which provides software development services, dedicated support for web products and strategic consultancy, ended 2023 with a... more
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Nuclearelectrica Makes RON265.8M Term Deposit with Exim Banca Romaneasca
06.20.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON265.75... more
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Agroland Business System Plans RON10M Bond Issue
06.20.2024
Agroland Business System (AG.RO), a Romanian retail, agriculture and food group, which owns the largest farming supplies retail chain in the... more
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Romania Central Bank's 2023 Profit Hits 14-Year High, At RON2.4B
06.20.2024
Romania's central bank reported profit of RON2.4 billion for 2023, the highest level of the last 14 years and more than double the profit recorded... more
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Romania's Central Bank Unveils Official Ranking Of Ten Largest Banks In 2023
06.20.2024
The official ranking of the ten largest banks in Romania in 2023, published by the country's national bank BNR in the annual report for 2023, lists... more
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New Car Registrations In Romania Up 14.7% YoY To 15,643 Units In May 2024
06.20.2024
New car registrations in Romania advanced 14.7% in May 2024 against the same period of 2023, to 15,643 units, data from the Romanian and European... more
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STC Partners Secures EUR10M Financing From Banca Transilvania For Expansion Of Realty Project In Bucharest
06.20.2024
Real estate developer STC Partners has obtained EUR10 million financing from lender Banca Transilvania for the development of Phase II of the... more
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Visual Fan Set To Distribute RON4M Dividends, At 4% Yield
06.20.2024
Electronic device maker Visual Fan (ALW.RO), owner of Allview brand, is calling shareholders for July 26 to approve the distribution of dividends... more
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Competition Council: Digi Wants Prepaid Users, Radio Spectrum, Tower And Equipment Network From Telekom Mobile
06.20.2024
Digi Romania (RCS&RDS) Group plans to buy the prepaid user base from Telekom Romania, along with the „radio spectrum (the licenses bought from... more
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Tech-Con Industry Romania Relocates Offices And Warehouse To VLPark Bucharest West
06.20.2024
Tech-Con Industry Romania, a member of the Tech-Con Group, a leading player in the automation market, has relocated its offices and warehouse to... more
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Finance Ministry Raises RON518M From Banks On June 20
06.20.2024
Romania's Finance Ministry has raised RON518 million from banks on Thursday (June 20), selling government paper at an annual average yield of 6.27%. more
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EY: 67% Of Investors See Romania's Attractiveness As Investment Destination On The Rise Despite 13% Fall In FDI Projects In 2023
06.20.2024
Although the number of foreign direct investment (FDI) projects in Romania in 2023 decreased by 13%, investor optimism remains strong, with 67%... 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.