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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Franke Romania Eyes 10% Increase In Turnover In 2024, To RON54M
07.17.2024
Franke Romania, the local subsidiary of the Swiss group by the same name, has budgeted a turnover of RON54 million for 2024, up 10% from 2023, but... more
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Romania's Energy Ministry Signs Financing Contracts For Investments In Electricity Production Capacities From Renewable Sources
07.17.2024
Romania's energy minister Sebastian Burduja has signed 24 financing contracts worth RON68 million (EUR13.6 million), through the Modernization... more
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Gabor Olajos Takes Over As Country Managing Director For Pluxee Romania And Bulgaria
07.17.2024
Gabor Olajos, who previously held the position of Chief Operating Officer of Pluxee Bulgaria, will take over the role of Country Managing Director... more
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Competition Council Makes Recommendations To Enhance Access To Telemedicine Services
07.17.2024
Romania's Competition Council has made several recommendations aimed at enhancing the accessibility of telemedicine services, thereby easing... more
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Foreign Investors Council Unveils Importance Of Financing Romania's Health System
07.17.2024
The Foreign Investors Council (FIC) says health, as the foundation of human capital, is essential for innovation, productivity and, therefore, for... more
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INS: Romania Industrial Sales Plunge 8.5% On The Month In May 2024
07.17.2024
Romania’s industrial sales (on the domestic and external markets) decreased by 8.5% in nominal terms in May 2024 compared to April 2024, and by... more
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OMV Petrom, OMV And ACB Participaties Become EIT InnoEnergy Shareholders
07.17.2024
OMV Petrom (SNP.RO), along with Austria’s OMV and Netherlands-based investment company ACB Participaties have become shareholders in EIT... more
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INS: Romania Manufacturing Industry Orders Drop 3.6% On The Month In May 2024
07.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in May... more
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Rompetrol Rafinare Completes Upgrade Of Delayed Coking Unit Of Petromidia Refinery
07.17.2024
Rompetrol Rafinare (RRC.RO), a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx)... more
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PwC: Accelerated Changes In Companies Prompted Most Romanian Employees To Learn To Use New Technologies
07.17.2024
The accelerated changes in companies and the much higher workload of the last 12 months have led Romanian employees to learn to use new... more
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Romanian Startup .lumen Announces EUR5M Funding Round
07.17.2024
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round,... more
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ARKA Smart Parcel Lockers To Supply 6,000 Lockers To Austrian Post
07.17.2024
ARKA Smart Parcel Lockers, which specializes in manufacturing advanced production lines for the automotive and aviation industries, as well as... more
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Farmaceutica Remedia Seeks To Raise Credit Facility From Banca Transilvania To RON100M
07.17.2024
Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the... more
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Maschio-Gaspardo Romania's 2023 Turnover Down 15.2% YoY To RON353.4M
07.17.2024
Italian-held Maschio Gaspardo, which produces farm machinery in Romania at its plant in Chisineu-Cris of Arad county, ended 2023 with a turnover of... more
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TotalSoft Switched To Loss In 2023, Its Turnover Stagnated At RON145M
07.17.2024
TotalSoft, one of the largest software developers in Romania, reported losses of RON652,000 (EUR0.13 million) for 2023, compared to net gain of... more
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TRW Automotive Safety Systems' 2023 Net Profit Drops Nearly 8.8% YoY To RON55.8M
07.16.2024
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, ended 2023 with a turnover of RON1.716 billion (EUR347 million),... more
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Polish-Held Barlinek Sees Turnover Plunge 14.2% In 2023 To RON251.6M
07.16.2024
Floorboard producer Barlinek Romania, the local subsidiary of Polish group Barlinek controlled by billionaire Michal Solowow, ended 2023 with a... more
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Elit 2023 Turnover Up 6.4% YoY To RON790.5M
07.16.2024
Elit, one of the largest cold cuts producers in Romania, part of China's Smithfield Group, for 2023 reported a turnover of RON790.5 million... more
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Danone Romania Promotes Oana Bejan To Run Its Commercial Operations
07.16.2024
Danone Romania has appointed Oana Beja country topline unit leader, starting June, a position from which she will supervise the commercial... more
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BAT Paid RON10.8B In Excise And Taxes To Romania’s State Budget In 2023
07.16.2024
BAT, the largest tobacco company in Romania, is the second contributor to Romania’s state budget, with a total contribution of RON10.8 billion... 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.