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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Strabag Sees 2023 Turnover More than Double To almost RON2.2B YOY
08.29.2024
Austrian builder Strabag ended 2023 with turnover worth almost RON2.2 billion, more than double the previous year, in line with Finance Ministry data. more
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Rasnov Dino Parc Owner Wants to Invest EUR15M in Two Thematic Parks in Sf. Gheorghe and Bucharest
08.29.2024
Adrian Apostu, owner of Dino Parc of Rasnov, Brasov county, is readying another two similar projects, with different thematic, near Bucharest and... more
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Elba Timisoara Sees RON301.9M Revenue, Returns To Profit In 2023
08.28.2024
Timisoara-based lighting fixture and system manufacture Elba, a supplier of automotive lights for such groups as Dacia-Renault and Skoda, posted... more
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Software Developer Systematic Sees Revenue Up 22%, Profit Up 197% In 2023
08.28.2024
Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO... more
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Chimcomplex Calls Shareholders To Vote On Extension Of EUR40M Loan Facility From CEC Bank
08.28.2024
The board of directors of chemical producer and supplier Chimcomplex Borzesti (CRC.RO) has called shareholders for September 30 to vote among... more
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PwC: Romania Media and Entertainment Market Seen Growing 2.5% in 2024, Region’s Lowest Growth Rate
08.28.2024
Romania media and entertainment market is expected to grow by 2.5% this year, to EUR4.43 billion, with most segments set to register increases, in... more
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Allianz-Tiriac Asigurari Ends H1 2024 With Over RON1.8B Gross Written Premiums
08.28.2024
Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago... more
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Reff & Asociatii and Deloitte Romania Assisted Helinick Founders in Sale to Convergint
08.28.2024
A Reff & Asociatii lawyer team and fiscal experts of Deloitte Romania assisted local company Helinick, operating in the field of electronic... more
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Turbomecanica Rakes in 40% Higher Net Profit in H1/2024
08.28.2024
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in the first six months of 2024 recorded RON8.6... more
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Fortim Trusted Advisors: Romanian Investors Clinch Most Commercial Real Estate Deals in 2024 Locally
08.28.2024
The ranking of real estate investors in the local commercial sector is led by Romania ones, who acquired 12 properties, with prices ranging between... more
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Safetech Innovations Reaches RON30.2M Revenues in H1/2024, Up 53%, RON6.1M Net Profit
08.28.2024
Cybersecurity company Safetech Innovations, with offices in Bucharest, London and Abu Dhabi, in the first half of 2024 registered RON30.2 million... more
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One United Properties Reports RON699M Consolidated Turnover, Down 17%, RON228M Net Profit, Up 5% for H1/2024
08.28.2024
Real estate developer One United Properties in the first half of 2024 posted RON699.4 million consolidated turnover, down 17% from H1/2023, and net... more
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Schwarz Global Services 2023 Turnover Up 44% To over RON66.7M
08.28.2024
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants)... more
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Trencadis Budgets 30% Turnover Growth for 2024
08.28.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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IPEC Alba Iulia Mulls Relocation Abroad
08.28.2024
Covaciu family is considering moving IPEC Alba Iulia to another country because of recent years’ energy price evolution and the government’s... more
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Salt Bank Sees RON31M Losses In H1 2024
08.27.2024
Salt Bank, which has a EUR5 million bond issue with an 8.5% yearly yield and maturing on December 18, 2024 listed on the Bucharest Stock Exchange,... more
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IKEA Plans To Open More Stores In Romania
08.27.2024
IKEA wants to open more stores in Romania and is looking at several cities and also the possibility of adding more stores in Bucharest, where it... more
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Miele Tehnica Brasov Leases 2,000 Sqm Facility From VGP Park Brasov
08.27.2024
Miele Tehnica Brasov, the subsidiary of Germany’s Miele Group, has leased a 2,000 square meter shed from VGP Brasov to expand its manufacturing... more
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Poland’s Froo Opens 20th Franchised Store In Romania
08.27.2024
Froo Romania Retail, a company of Poland’s Żabka Group, has opened its 20th franchised store in Romania, on the Iuliu Maniu Boulevard in... more
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Leoni Loses Stated Aid After Dropping Investment Project In Romania
08.27.2024
Leoni Wiring Systems, which had received approval for EUR4.77 million state aid in October 2023, has notified the Finance Ministry of its decision... 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.