Electrica Wants to Raise EUR500M Via Green Bonds, Contract Syndicated Loan of up to RON3.1B for Investments
yesterday, 09:36
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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Premier Energy Got Pilar II And Pillar III Pension Funds To Buy About 8.8% Since IPO
09.03.2024
Premier Energy (PE.RO) a recent addition to the main market of the Bucharest Stock Exchange, attracted eight Pillar II and Pillar III pension funds... more
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Biotech Startup The Cat Health Company Raises EUR500,000 In Pre-Seed Funding Round
09.03.2024
Biotech startup The Cat Health Company (TCHC), which aims to develop novel drugs against age-related diseases in felines, has raised a total... more
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Florin Petolea, CTIO At Telekom Romania Mobile Communications, Leaves Company
09.03.2024
Florin Petolea, Chief Technology & Information Officer (CTIO) with Telekom Romania Mobile Communications since January 2023, has left the mobile... more
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HILS Development Invests EUR3M In First Green Homes Certification
09.03.2024
HILS Development, an entrepreneurial company dedicated to responsible real estate development, announces the pre-certification of Green Homes for... more
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Statistics Board: Romania Industrial Production Prices Up 2.6% YoY In July 2024
09.03.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 2.6% in July 2024 compared to July 2023, data... more
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Statistics Board: Romania's Hourly Labor Costs Up 6.7% In Q2/2024 Vs Q1/2024
09.03.2024
Romania's hourly labor costs adjusted to the number of working days climbed 6.79% in the second quarter of 2024 compared to the first quarter of... more
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ROCA Industry Wants to Raise Up To EUR10M from Local Capital Market Investors Via Bond Issue Program
09.03.2024
The shareholders of ROCA Industry, a Romanian construction materials holding, have recently approved the proposal to launch the company’s first... more
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ClusterPower 2023 Turnover Down 38% To RON8M
09.03.2024
Cluster Power SRL, which operates one of Romania’s biggest data centers, located near Craiova, in 2023 registered RON8.1 million turnover, down... more
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Prebet Aiud Sees H1/2024 Profit Halve To RON1.9M
09.03.2024
Concrete prefab manufacturer Prebet Aiud, in the first six months of 2024 posted RON1.87 million net profit, from RON3.71 million in the same... more
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FAN Courier Ends H1/2024 with 15% Higher Turnover
09.03.2024
FAN Courier, leader of Romania courier services market, ended the first half of 2024 with 15% higher turnover, in line with its budget, with... more
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Real Estate Developer One United Wants Ford Museum and Theater in Former Calea Floreasca Plant
09.03.2024
One United Properties, one of the most dynamic investors and developers of housing, office and mixed-use projects locally, will include a museum... more
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Perla Harghitei Expects 20% Turnover Growth in 2024
09.03.2024
Mineral water producer Perla Harghitei expects turnover to rise by 20% this year, with growth also supported also supported by the high... more
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First Swissotel Hotel In Romania Opens In Poiana Brasov
09.03.2024
The first Swissotel Hotel in Romania has opened in Poiana Brasov, its officials announced on LinkedIn. The hotel should have opened this spring,... more
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Rondocarton Fully Acquires Cardboard Packaging Maker Rondo Offset
09.03.2024
Rondocarton, part of Austria’s Rondo Ganahl Group, one of the largest corrugated cardboard manufacturers in Romania, has announced acquisition of... more
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Strabag To Build The Arc For PPF
09.03.2024
Czech Republic’s PPF has announced the start of the office space project The Arc in the Orhideea area in Bucharest and chose Strabag as general... more
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Tosmur Group Investment In Doubling Production Capacity Of Medgidia Plant 39% Completed
09.02.2024
Türkiye’s Tosmur Group, which owns the starch plant in Medgidia inaugurated in 2022, has reached 39% progress in implementing the doubling of... more
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Average Old And New Apartment Prices Up 17% YoY In August 2024
09.02.2024
Average sale prices of apartments, both old and new, increased by 17% in August compared with the year-ago month, the latest data from Storia, the... more
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BCR PMI Index: Romania’s Industrial Activity Contracted Further In August 2024
09.02.2024
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards,... more
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Hidroelectrica Kicks Off Modernization Of Vaduri, Remeţi And Arcesti Hydroelectric Plants
09.02.2024
Hidroelectrica (H2O.RO), the largest electricity producer in Romania, has signed contracts with the consortium formed by Hidroserv and UCMH for the... more
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tbi bank Ends H1 2024 With EUR23.2M Net Profit
09.02.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, ended the first half of... 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.