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.
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Bright Distribution's 2023 Turnover Down 45% YoY To RON51M
07.23.2024
Bright Distribution SRL, an IT&C equipment distributor and solutions provider, ended 2023 with a turnover of RON50.6 million, down 45% on the year,... more
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Polish Fashion Group LPP Opens Second E-commerce Warehouse In Romania
07.23.2024
Polish clothing manufacturer LPP, which owns and operates store chains Reserved, Mohito, Cropp, Sinsay and House, is opening its second warehouse... more
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Deloitte Launches AI And Data Accelerator Program With Amazon Web Services
07.23.2024
Deloitte closed a global multi-year strategic collaboration agreement with Amazon Web Services (AWS) to support companies around the world scale... more
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Romania Private Lending Up 6.7% YoY to RON400B in June 2024
07.23.2024
Private lending in Romania went up 6.7% to RON400.6 billion in June 2024 compared with June 2023, central bank data showed on Tuesday (July 23, 2024). more
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CEC Bank Grants RON112M Credit Facility To Medex Vital Serv SRL To Develop Cancer Hospital Project
07.23.2024
CEC Bank has contributed with RON112.6 million credit facility to the development of the Medex Cancer Hospital project, which has been recently... more
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Dorna Medical Opens Radiology Center In Borsa, Maramures
07.23.2024
Dorna Medical, a Romanian business on the private healthcare and lab services market, founded by entrepreneurs Rodica and Roman Boca, has opened a... more
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Microsoft Appoints Bogdan Putinica As General Manager For Central Europe And Asia
07.23.2024
Bogdan Putinica has announced on his personal LinkedIn page that Microsoft appointed him to the position of General Manager for Central Europe and... more
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Flanco Leases 1,150 Sqm Of Space In Bucharest’s SkyTower Office Building, Romania’s Tallest
07.23.2024
Computer and electronics retailer Flanco, the second largest actor in the local sector by turnover, has relocated its headquarters to the Sky Tower... more
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Hosiery Manufacturer Ciserom Switches To Loss In 2023, Turnover Flat At RON19M
07.22.2024
Hosiery manufacturer Ciserom in Sebes, Alba County, ended 2023 with a turnover of RON19 million (EUR3.8 million), close to the 2022 level, as per... more
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dm drogerie markt 2023 Turnover Up Over 50% YoY To RON1.244B
07.22.2024
Germany’s drugstore chain dm drogerie markt reported a turnover of RON1.244 billion (EUR251.7 million) for 2023, up 50.1% from nearly RON829... more
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Alevia Ends 2023 With Nearly RON40M Turnover, Double vs RON20M In 2013
07.22.2024
Dietary supplements producer Alevia, held by entrepreneur Florin Mitocaru, ended 2023 with a turnover of almost RON40 million, double against the... more
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Bittnet Group’s Dataware Consulting Authorized To Participate In Building 5G Networks
07.22.2024
Dataware Consulting, part of the Bittnet Group, has received authorization to participate in the construction of 5G networks. more
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Garanti BBVA Leasing Gets EUR10M Loan From EBRD To Support Development Of SMEs In Romania
07.22.2024
Garanti BBVA Leasing, part of the Garanti BBVA Group Romania, is signing a new EUR10 million loan agreement with the European Bank for... more
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Energy Policy Group Analyses Romania’s National Integrated Energy And Climate Change Plan
07.22.2024
Energy Policy Group (EPG), an independent organization specialized in energy-related policies, has analyzed Romania's National Integrated Energy... more
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Early Game Ventures Provides EUR1M Fund To AI Startup CogniSync
07.22.2024
Venture capital firm Early Game Ventures (EGV) has invested EUR1 million in AI startup CogniSync, which develops software technology that helps... more
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Libra Internet Bank Set To Distribute RON100M Dividends
07.22.2024
Libra Internet Bank, which has three bond issues worth a total of EUR48 million (RON250 million) in progress on the Bucharest Stock Exchange, will... more
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Finance Ministry Raises RON335M From Banks On July 22
07.22.2024
Romania's Finance Ministry has raised RON335 million from banks on Monday (July 22), selling government paper at an annual average yield of 6.80%. more
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Catalyst Romania Recruits Nick Kovacs And Andreea Pipernea As Senior Advisors
07.22.2024
Investment fund Catalyst Romania is strengthening its team with the appointment of two former investment CEOs, Andreea Pipernea and Nick Kovacs, as... more
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Competition Council Suspects Sun Wave Pharma Of Unfair Competition
07.22.2024
Romania's Competition Council has carried out an unannounced inspection at the premises of Sun Wave Pharma SRL, a company active on the food... more
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Reţele Electrice Companies Get RON1B Worth Of Loans To Refinance And Finance Investment Programs
07.22.2024
Retele Electrice companies, part of the PPC Group, signed credit agreements worth RON1 billion with the European Bank for Reconstruction and... 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.