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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Delgaz Grid Aims To Upgrade Transformer Stations, High Voltage Networks; To Boost Network Capacity
06.20.2024
Delgaz Grid, part of E.ON Romania group, has so far submitted 20 investment projects which total RON3.3 billion and target SMART metering, the... more
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Romania Records a New Decline in Packaging Waste Recycling
06.20.2024
Romania continues to face major challenges in managing and recycling packaging waste, with the latest data showing that the country has recycled... more
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Turkey’s Agir Global Buys Romania Subsidiary of Greek Sidma Group
06.20.2024
Agir Global, a steel producer of Turkey, has entirely acquired Steel Service Center Sidma Romania SRL, a subsidiary of Greek Sidma Group. more
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Romania’s Cleverage VC Participates in inHEART $11M Funding Round
06.20.2024
inHEART, a medical devices company, in early May 2024 raised $11 million to to drive commercial growth of its therapeutic software solution for... more
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Mobile Vet & Mobile Pet Chain Opens Fourth Clinic in Bucharest in Wake of EUR500,000 Investment
06.20.2024
The network of vet clinics Mobile Vet and veterinary pharmacies Mobile Pet is opening its fourth clinic in Bucharest, in the wake of a EUR500,000... more
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Clifford Chance Badea Assists EBRD and OTP Bank in Lending EUR93M to Israeli Group for Construction of 102 MW Wind Park in Romania
06.20.2024
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has assisted the European Bank for Reconstruction and Development... more
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Agora Robotics Aims to Raise EUR3M to Develop Production Line for Sweep Cleaning Robot
06.20.2024
Romanian startup Agora Robotics, a spin-off from private R&D project Modulab that has developed an autonomous cleaning robot called Sweep, wants to... more
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Czech TESLA Postpones Deadline for Braila Plant Completion to Mid-2025
06.20.2024
TESLA Energy Storage, a company set up in June 2022, but which is part of Czech group TESLA, a producer of energy equipment, was due to start in... more
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International Alexander: 20% of Business Comes from Abroad
06.20.2024
Romanian-held logistic and freight forwarding group Alexander of Arad, gets 20% of its business from foreign markets. more
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NY’ER Romania's 2023 Turnover Up 13% YoY To RON586.6M
06.19.2024
NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, reported a turnover of RON586.6 million (EUR118.6 million) for... more
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eMAG Close To One Million Customers For Its Genius Service
06.19.2024
eMAG, one of the largest online retailers in the region is nearing one million customers for its Genius service launched four years ago, which... more
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Artemob International Sees Turnover Plunge 16.8% YoY To RON111.7M In 2023
06.19.2024
Furniture maker Artemob International, controlled by French company P3G Industries, ended 2023 with a turnover of RON111.7 million (EUR22.6... more
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Libra Internet Bank Sees Romania's GDP Growing 2.6%, Key Rate Falling To 6.25%, Annual Inflation Dropping To 4.5% In 2024
06.19.2024
Libra Internet Bank expects Romania's gross domestic product (GDP) to grow 2.6% in 2024, Lucian Anghel, the bank's deputy chief executive officer... more
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Clifford Chance Badea Advises MORE In Acquisition Of 86 MW Project In Buzau
06.19.2024
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, is advising Greek-based Motor Oil Renewable Energy Single Member... more
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BNR Okays Porsche Bank Acquisition by Altex Owner Dan Ostahie
06.19.2024
Romania’s central bank (BNR) has approved the direct acquisition by Dan Ostahie (90.10%), Altex owner, and Real Estate Srl (9.89) of the 100%... more
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One United Properties Secures EUR47M Financing From Banca Transilvania
06.19.2024
Real estate developer One United Properties (BSE:ONE) has announced in a stock market report on Wednesday (June 19) that its subsidiary One United... more
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INS: Romanian Construction Works Surge 10.3% On The Month In April 2024
06.19.2024
In April 2024, the volume of construction works increased, in unadjusted data, by 10.3% compared to March 2024 and was up 8.0% when adjusted to the... more
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Genesis Property Installs over 1,000 Photovoltaic Panels on YUNITY Park Buildings
06.19.2024
Developer Genesis Property, owned by Liviu Tudor, the biggest Romanian owner of offices, has announced the electricity for all projects in the... more
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Colliers: Romanians Are Increasingly Interested in Buying Houses
06.19.2024
Romanians’ intention of buying a house in the next 12 months is close to the levels of the 2006-2008 period, before the global financial crisis,... more
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Alexandrion Launches New Vodka Brand, Omu
06.19.2024
Alexandrion group has launched a new vodka brand, Omu, named after Omu Peak in Romania. 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.