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 Increases Stake In Subsidiary True Energy Management From 60% To 75%
08.27.2024
Premier Energy (PE.RO), a producer, distributor and supplier of electricity and distributor and supplier of natural gas, has increased its stake in... more
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DN Agrar Reports RON83M Turnover, RON15M Net Profit for H1/2024
08.27.2024
DN Agrar Group, Romania’s largest integrated livestock farm, in H1/2024 registered turnover worth RON83.3 million, up 3.6% from H1/2023. more
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ING Bank Romania Ends H1/2024 with 9.6% Higher Revenues; Gross Profit Down on Turnover Tax
08.27.2024
ING Bank Romania saw its revenues rise 9.6% in the first half of 2024, to RON1.79 billion, supported by the rising number of clients and expansion... more
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Carbochim H1/2024 Slides Below RON250,000; Turnover Down 13%
08.27.2024
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, ended the first half fo 2024 with RON246,422 net profit, from... more
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Agricover Holding Posts RON806M Revenues, RON35M Net Profit in H1/2024
08.27.2024
Agricover Holding, an entrepreneurial agricultural business, reported RON35 million net profit in the first half of 2024, from around RON1 million... more
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Clifford Chance Badea Advises Nofar Energy In Acquisition Of Aviv Renewable Investment
08.27.2024
Clifford Chance Badea advised Nofar Energy, one of the most dynamic renewable energy investors in Romania, in the signing of the agreement for the... more
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Electrica H1/2024 Operating Income Down 29% To RON4.7B
08.27.2024
Electricity supplier and distributor Electrica for the first half of this year reported operating income worth RON4.7 billion, down 29%, and RON102... more
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Tissue Paper Maker Don Pedro Sees 2023 Turnover Rise 11% To over RON250M
08.27.2024
Ramnicu Valcea-based Don Pedro, a major Romanian producer of tissue paper, ended 2023 with RON251 million turnover, up 11% from 2002. more
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Paver Maker Elis Pavaje Wants to Build New Plant in Olt County, in RON203M Investment
08.27.2024
Local paver manufacturer Elis Pavaje of Alba county has this year started to expand the plant it has near Ploiesti, in Stoenesti locality, and... more
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Alin Niculae Buys Iride Offices in EUR45M Deal
08.27.2024
Alin Niculae, who controls the biggest Romanian-held oil wholesale company Oscar Downstream, is set to buy Iride Business Park office project of... more
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Carrion Expedition Returns To Profit In 2023
08.26.2024
Carrion Expedition, the Spanish-owned freight forwarding company based in Cluj-Napoca, posted RON97.2 million (EUR19.6 million) revenue in 2023,... more
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Chimcomplex Bids To Take Over Heating Concession In Iasi
08.26.2024
Chemical producer and supplier Chimcomp0lex Borzesti (CRC.RO), which owns two industrial sites in Onesti and Ramnicu Valcea and is one of the... more
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Coca-Cola HBC Romania Appoints Cornel Caramizaru General Manager
08.26.2024
Coca-Cola HBC Romania has appointed Cornel Caramizaru general manager, replacing Jovan Radosavljevic, who has supervised the Romanian operations in... more
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2Performant Sees Revenue Up 18% In H1 2024
08.26.2024
Technology company 2Performant Network (2P.RO), the largest actor on the affiliate marketing market in Romania, posted RON27.9 million operating... more
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Dedeman Launches IT Project DedeTech
08.26.2024
Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital... more
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Rituals Arrives In Romania With Its Own Store In September
08.26.2024
Fashion and cosmetics are some of the most competitive markets in Romania, with more than 100 foreign and local brands vying over the several... more
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Romania Private Lending Rises 6.8% To RON403B YOY in July 2024
08.26.2024
Private lending in Romania posted a similar evolution with the June one, with an annual 6.8% increase (1.3% in real terms) to a total amount of... more
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Affidea Invests EUR8M in Expansion and Equipment in H1/2024
08.26.2024
Affidea Romania, the largest player on the local medical imaging market, operated EUR8 million investments in the first half of 2024. more
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Revolut Gets Beyond 4 Million Retail Client Threshold in Romania
08.26.2024
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second... more
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Romania Will Have 9 Companies Included in the FTSE Global All Cap Indices Starting September
08.26.2024
Romania will have 9 companies included in the FTSE Global All Cap indices starting September after the shares of Transport Trade Services (TTS) are... 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.