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.
-
Roca Industry Plans To Sell Bonds Of RON50M Tops
07.30.2024
The Board of Directors of Roca Industry Holdingrock1 (ROC1.RO), the Romanian holding of construction materials companies, has called its... more
-
Fortim Trusted Advisors: Bucharest Remains The Most Dynamic Office Lease Market In H1/2024
07.30.2024
Capital city Bucharest remained the most dynamic office lease market in the first half of 2024 too, with local companies covering 84% of the total... more
-
City Grill Group Reports 18% Higher Turnover, Of EUR31M, Carries Out EUR1.5M Investments In H1/2024
07.30.2024
City Grill Group, one of the leading actors in the Romanian restaurant industry, founded by Dragos Petrescu, ended the first half of 2024 with a... more
-
Banca Transilvania Finalizes Full Acquisition Of OTP Bank Romania
07.30.2024
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, notified the Bucharest Stock Exchange of having signed the papers to complete... more
-
Romanian Startup QOOBISS Invests EUR500,000 in Origin, a Global Platform Company Processes Digitalization
07.30.2024
Local startup QOOBISS, a fintech company focused on process automation and specializing in the development of remote identity verification... more
-
InterCapital Asset Management Places over EUR15M on Romania Capital Market via BET-TRN UCITS ETF
07.30.2024
InterCapital Asset Management, Croatia’s biggest independent investment manager and the manager of InterCapital BET-TRN UCITS EFT, the newest ETF... more
-
Giant EssilorLuxottica Enters Romania via Acquisition of OptiBlu and Optiplaza Stores
07.30.2024
Investment fund Innova Capital has sold Optical Investment Group, a leading retail of optical eyecare and eyewear products in Romania, which... more
-
National Railway Supervision Council Slaps Grup Feroviar Roman With RON3.49M Fine
07.30.2024
The National Railway Supervision Council (NRSC), part of Romania's Competition Council, has fined Grup Feroviar Roman (GFR) a total of RON3.49... more
-
Competition Council Clears Takeover Of Eolica Dobrogea One By Premier Energy PLC
07.30.2024
Romania's Competition Council has approved the transaction whereby Cyprus' Premier Energy PLC, through Premier Renewable Invest Co S.R.L., intends... more
-
EY Future Consumer Index: Consumers Return To Physical Stores
07.30.2024
Despite technology transforming consumers’ retail experience, allowing them to seamlessly shop between online, social media, in-app and in-game,... more
-
Bucharest Stock Exchange Unveils New BET-EF Index
07.30.2024
Bucharest Stock Exchange (BVB) has launched a new index, Bucharest Exchange Trading Energy, Utilities and Financials (BET-EF), dedicated to the... more
-
Raiffeisen Bank Ends H1/2024 with RON820M Net Profit, Down 6.17% from H1/2023
07.30.2024
Raiffeisen Bank Romania, the sixth largest bank by assets, ended the first half of 2024 with RON820 million net profit, down 6.17% from the... more
-
Romanian Builders Start Developing Own Infrastructure Prefab Plants
07.30.2024
Supply crunches and the desire of no longer depending on suppliers have pushed several Romanian builders to invest in their own building materials... more
-
Sonaca Aerospace Transilvania Sees 2023 Turnover Rise 4,6% To RON62.3M
07.30.2024
Aircraft parts manufacturer Sonaca Aerospace Transilvania, the local subsidiary of Belgian group Sonaca, for 2023 reported turnover worth RON62.3... more
-
Mark Twain International School Builds Two New Campuses Near Bucharest, Readies Investments of around EUR15M
07.30.2024
Private school Mark Twain International School will in 2024 start building a Flagship Campus in the area of Balotesti, which will be able to... more
-
Olint Com Revenue Shrinks 30.7% To RON130.7M In 2023
07.30.2024
Olint Com, based in Radauti, Suceava County, which operates in production, trade and distribution of building and interior design materials and is... more
-
Italy’s Manni Group, Which Owns Isopan In Romania, Creates Joint Venture With Marcegaglia Steel
07.30.2024
Italy’s Manni Group, which owns insulating panel maker Isopan in Romania, has signed a joint venture agreement with Marcegaglia Steel for the... more
-
One United Properties Increases Credit Facility For One Cotroceni Park Office By EUR20M
07.30.2024
The management of real estate developer One Untied Properties (ONE.RO) on Monday notified the Bucharest Stock Exchange about the conclusion of an... more
-
Finance Ministry Raises RON713M From Banks On July 29
07.29.2024
Romania's Finance Ministry raised RON713 million from banks on Monday (July 29), after reopening a discounted Treasury certificate issue due in... more
-
CFA Romania Analysts Expect Inflation Rate To Reach 4.6% By June 2025
07.29.2024
Economic analysts expect the inflation rate to go down over the next 12 months to reach an average of 4.6% in June 2025 and see the leu... 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.