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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PeliPartners Assisted Immofinanz In Sale Of Bucharest Financial Plaza To AFI Europe
08.21.2024
Law firm PeliPartners assisted Austrian group Immofinanz AG in the sale of myhive Victoriei (formerly known as Bucharest Financial Plaza) to AFI... more
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Romanian Startup Humans.ai Acquires Starfish Technologies
08.21.2024
Romanian artificial intelligence and blockchain technology provider Humans.ai announced the acquisition of Cluj-Napoca-based Starfish Technologies,... more
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Optical Retailer Lensa Recruits Florin Melinte for Deputy CEO Position
08.21.2024
Florin Melinte has been recently appointed as Deputy CEO of optical retailer Lensa, a position from which, together with Daniel Craciun, Lensa... more
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Zitec 2023 Profit Slumps 43% To RON5.6M
08.21.2024
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns 25%, in 2023 posted an over 40% net profit decline,... more
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China’s TP-Link Reaches RON159M Turnover in Romania in 2023, Up 9% YOY; Net Profit Doubles
08.21.2024
China’s TP-Link, one of the world's largest players on the networking equipment market, returned to growth in 2023 after the previous year’s... more
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Romania Banking System Rakes in Record High RON7.5B Profit in H1/2024
08.21.2024
The still high interest rates and sustained lending helped Romania’s banking system reach a record high net profit f RON7.5 billion in the first... more
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HELL Energy Posts Higher Revenue, Lower Profit In 2023
08.20.2024
HELL Energy, one of the biggest players in the energy drinks market, posted RON358.3 million (EUR72.4 million) revenue in 2023, up 12.4% from the... more
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Banca Transilvania Sees 42% Rise In Net Profit To RON1.8B In H1 2024
08.20.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, ended the first half of 2024 with a consolidated net profit of RON2.1 billion, up from... more
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WebPros Group By Socialbee, Developer Of An AI Platform For Social Media
08.20.2024
Cluj-Napoca-based start-up SocialBee, which developed an AI platform for managing social media accounts, has been acquired by Luxembourg’s... more
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TAROM Explains Why The Sale Of Its Heathrow Slots
08.20.2024
TAROM continues implementation of its restructuring plan and one of the goals is the sale of the take-off and landing slots on the Heathrow... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In The EU In July 2024
08.20.2024
The European Union member countries with the highest inflation rates in July 2024 were Romania (5.8%), Belgium (5.4%) and Hungary (4.1%), according... more
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Romania’s Central Bank Expects Inflation To Drop To 4% In December 2024 And 3.4% At End Of 2025
08.20.2024
Romania’s central bank expects the inflation to go down to 4% in December 2024 and 3.4% in the last month of 2025, a better outlook than in the... more
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Life in Codes Opens Offices In London And Dubai
08.20.2024
Life in Codes, Atlassian solution partner and reseller in Romania, ended 2023 with sales of products and services of EUR6.5 million. more
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BRD Concludes New Partnership Agreement With European Investment Fund To Guarantee Loans Funding Sustainable Projects
08.20.2024
BRD Groupe Société Générale has concluded a new partnership agreement with the European Investment Fund (EIF) which will enable it to guarantee... more
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METAV Gets EUR21M Financing From Libra Internet Bank For Bellemonde Residential Project In Pipera
08.20.2024
Real estate developer METAV, whose portfolio includes projects such as Belvedere Residence, Zenville and IQON, has obtained EUR21 million financing... more
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ROCA Industry Ends H1/2024 With Cumulative Turnover Of RON314.5M, Up 9.5% YoY
08.20.2024
ROCA Industry, the first industrial holding company in Romania, specialized in the production of construction materials, listed on the main market... more
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AFI Europe Acquires Bucharest Financial Plaza Office Building From Immofinanz
08.20.2024
Real estate developer AFI Europe has announced the acquisition of the Bucharest Financial Plaza office building located in the center of capital... more
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NN Pays Over RON575M To Insurance And Private Pension Clients In January-June 2024, Up 30% YoY
08.20.2024
NN announced that it paid over RON575 million in the first half of 2024 to life, health, and home insurance clients and to participants to private... more
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Deloitte Romania And Reff & Associates Assisted Nokian Tyres In Obtaining EUR99.5M State Aid For New Factory In Oradea
08.20.2024
Deloitte Romania and Reff & Associates | Deloitte Legal assisted Nokian Tyres, the Finnish developer and manufacturer of premium tires, in... more
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RetuRO Opens 6th Center For DRS Packaging Collection, In Dolj County
08.20.2024
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its sixth... 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.