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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Holde Agri Invest Sees Losses Widen in H1 2024, Replaces CEO
09.20.2024
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, saw its losses widen to RON12 million in the first half of 2024, from... more
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Romgaz Board Approves EUR1.5B Euro Medium Term Notes Program To Fund Neptun Deep Project In Black Sea
09.20.2024
The board of directors of state-run Romgaz (SNG.RO), the largest natural gas producer in Romania, on September 19 approved, based on the decision... more
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CEO Omer Tetik Sells 95,000 Shares In Banca Transilvania On Bucharest Stock Exchange
09.20.2024
Omer Tetik, CEO of Romania's largest bank, Banca Transilvania (stock symbol: TLV), has reported to the Bucharest Stock Exchange the sale of some... more
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EY: Global Demand For EVs Slows Amid Consumer Concerns Over Lack Of Charging Infrastructure
09.20.2024
Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure,... more
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Competition Council OKs PACCOR Acquisition By SEET Investment Holdings, Danail Emilov Mladenov And Teodora Emilova Mladenova
09.20.2024
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova... more
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Law firm RTPR Assisted Polish Fintech PragmaGo in Entering Romania
09.20.2024
Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN,... more
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RebelDot Forecasts EUR16M Turnover in 2024, Up 40% YOY
09.20.2024
Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around... more
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Bucharest’s Royal Hospital Expects 20% Higher Turnover in 2024
09.20.2024
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and... more
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Tei Group Opens Pharmacy And Bebe Tei Store In ElectroPutere Mall In Craiova
09.19.2024
The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is... more
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Romania Taps International Markets For EUR5B
09.19.2024
Romania's finance ministry raised EUR5 billion on Sept 19 by tapping international markets with two euro-denominated bond issues and one US... more
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Sanex Cluj Owner Lasselsberger Seeks State For New Ceramic Tile Plant, A RON700M Investment
09.19.2024
Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state... more
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Perla Harghitei Plans To Invest EUR40M In Upgrading And Boosting Production Capacity Of Sancraeni Plant
09.19.2024
Mineral water bottler Perla Harghitei has an ambitious investment plan, EUR40 million, self-funded. The Sancraieni, Harghita County-based company... more
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Nokian Tyres Inaugurates The World’s First Zero-Emission Car Tire Factory, In Romania's Oradea
09.19.2024
Nokian Tyres hosted the grand opening of its passenger car tire factory in Oradea (north-western Romania), the company announced in a press... more
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OMV Petrom Premiers New Automatic Drilling Technology In Romania
09.19.2024
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on Sept 19 that it was running a... more
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Finance Ministry Raises RON599M From Banks On Sept 19
09.19.2024
Romania's Finance Ministry raised RON599 million from banks on Thursday (Sept 19), selling benchmark bonds, way above the planned amount of RON200... more
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Romania's Central Bank To Add Several New Currencies To Exchange Rates List As Of Sept 23
09.19.2024
Starting September 23, 2024, Romania's National Bank will add to the list of exchange rates the indicative quotations of the Romanian leu against... more
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Zentiva’s Majority Owner Seeks To Delist It From Bucharest Stock Exchange
09.19.2024
Pharmaceutical producer Zentiva SA (SCD.RO) on Thursday notified the Bucharest Stock Exchange of the decision of the Financial Supervisory... more
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INFINEXA Restructuring-Prime Insolv Practice Association Appointed Insolvency Administrator For Meat Processor Angst
09.19.2024
The Ilfov Court has appointed INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, to... more
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NN Group And Rubio Impact Ventures Launch Competition For Tech Start-ups Across 11 Countries, Including Romania
09.19.2024
NN Group, a Dutch financial services company operating in the local life insurance and private pension markets, and venture capital fund Rubio... more
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Bergenbier Announces Changes In Its Management Team
09.19.2024
Bergenbier S.A., part of Molson Coors Beverage Company group, one of the leading brewers in Romania, has announced changes in its management team:... 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.