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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UPS Banks on Romania Firms’ Exports to Boost Local Business
06.18.2024
UPS Romania, a major player on the local courier services market, part of the US group of the same name, bets on Romanian companies’ exports to... more
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Deloitte’s IT Services Center Growth Rate Abruptly Slows Down In 2023
06.17.2024
Deloitte Tehnologie SRL, the IT services center the consulting and auditing company opened in Bucharest in 2016, saw its revenue growth pace... more
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IBB Holding Seeks To Raise EUR10M Via Bucharest Stock Exchange
06.17.2024
IBB Holding Group (IBB Holding), a group of 12 companies operating in the construction industry, mainly infrastructure construction, plans to raise... more
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Agroland Business System Calls Shareholders To Vote On Equipment Purchase And Loans
06.17.2024
Entrepreneurial group Agroland Business System (AG.RO), which owns the largest farming supplies store chain in Romania, on Monday added more items... more
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Votrom's 2023 Profit Up 19.5% YoY To Almost RON21M
06.17.2024
Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than... more
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Japan’s Nidec Hits EUR45.1M Turnover In 2023 With Oradea Plant, Up 5.6% YoY
06.17.2024
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6%... more
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INS: Romania Manufacturing Industry Orders Down 3.6% On The Month In April 2024
06.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in... more
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INS: Romania Industrial Sales Edge Down 0.3% On The Month In April 2024
06.17.2024
Romania’s industrial sales (on the domestic and external markets) inched down 0.3% in nominal terms in April 2024 compared to March 2024, but... more
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Japan’s Sumitomo Buys Romania's Farming Input Wholesaler Naturevo
06.17.2024
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler,... more
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Finance Ministry Raises RON500M From Banks On June 17
06.17.2024
Romania's Finance Ministry has raised RON500 million from banks on Monday (June 17), selling benchmark bonds at an annual average yield of 6.43%. more
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Competition Council Launches Inquiry Into Electricity Meter Reading Services Market
06.17.2024
Romania's Competition Council has launched an investigation into possible manipulations of public tenders organized by certain contracting... more
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Competition Council Assesses Takeover Of Astir Vitagiannis By Guala Closures
06.17.2024
Romania's Competition Council is assessing a transaction through which Guala Closures S.p.A., Italy, plans to take over Astir Vitagiannis Bros.... more
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OMV Petrom Unveils EUR2B Investment Program At Petrobrazi Refinery
06.17.2024
OMV Petrom (BSE:SNP), the largest integrated energy producer in Southeast Europe, will be investing nearly EUR750 million in the Petrobrazi... more
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Raiffeisen Bank Launches MoonShotX To Support Companies Scale Up Their Businesses Regionally
06.17.2024
Raiffeisen Bank Romania is launching MoonShotX, a project aimed at supporting companies with a turnover between EUR5 million and EUR50 million... more
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Lender BRCI Becomes 13th Bank in Romania to Add Instant Payments Services to Portfolio
06.17.2024
Romanian lender Banca Romana de Credite si Investitii has expanded its services portfolio with the Plati Instant service developed by TRANSFOND,... more
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Fidelis, 17th Edition: Romanians Can Buy Govt Bonds In June 18-28 Period
06.17.2024
Starting June 18 until June 28, retail investors can subscribe Fidelis government bonds at interest rates of 7% for lei and 5% for euro in a new... more
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Oracle Global Services Romania Sees 2023 Turnover Slide almost 16 % To RON518.4M
06.17.2024
Oracle Global Services Romania, part of US group Oracle, one of the world's largest tech groups, registered an almost 16% turnover decline in 2023... more
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Inter Computer Romania Eyes EUR3M Turnover in 2024
06.17.2024
Inter Computer (IC) Romania, the local subsidiary of the Hungarian group of the same name, operating on the tech solutions market, targets EUR3... more
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Fashion Retailer Peek & Cloppenburg Launches Smaller Store Format to Expand to Romania Secondary Cities
06.17.2024
Fashion retailer Peek & Cloppenburg, which operates on the market of large, multibrand-type stores, is launching a smaller format, so as to be able... more
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Albrau Hits RON70.9M Turnover in 2023, Up almost 23% YOY
06.17.2024
Local brewer Albrau registered RON70.9 million turnover in 2023, almost 23% higher than in 2022. 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.