Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom
yesterday, 11:20
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for the acquisition of Telekom Romania Mobile (TKRM) together with rival company Digi.
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Teilor Holding Readies RON40M Bond Issue on Bucharest Stock Exchange
10.01.2024
Teilor Holding, a group of companies that includes luxury jewelry chain Teilor, is readying to raise funding on the Bucharest Stock Exchange via a... more
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First Bank Becomes 15th Bank in Romania Banking System To Add Instant Payment Services to Portfolio
10.01.2024
First Bank, part of Intesa Sanpaolo Group, has broadened its portfolio with the Instant Payments service developed by TRANSFOND, allowing for the... more
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MedLife Completes Antares Clinic Acquisition
10.01.2024
Private healthcare company MedLife has completed the acquisition of Antares Clinic group, which owns three units in Piatra Neamt, Botosani and... more
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Romanian Footwear Retailer Benvenuti Reopens Vivo! Cluj-Napoca Store, Reaches 54-Unit Nationwide Network
10.01.2024
Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, has reopened the store of shopping center Vivo! Cluj-Napoca in a new... more
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Raffaello Shoes Factory Posts 15-Fold Profit Increase in 2023, To RON13.3M
10.01.2024
Raffaello Shoes Factory, Romania’s biggest footwear producer, owned by Italy’s Grisport, in 2023 registered turnover worth RON315.1 million... more
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Spirits Producer Prodal 94 Reports RON192.7M Turnover in 2023, Up 9.8% YOY
10.01.2024
Prodal 94, a major spirits producer on the Romanian market, ended 2023 with turnover worth around RON192.7 million (around EUR39 million), 9.8%... more
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Heraeus 2023 Turnover Up 15.8% To RON458.8M
10.01.2024
Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, in 2023 registered turnover worth... more
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Entrepreneur Mihai Simiuc Relaunches FruFru Brand
10.01.2024
Entrepreneur Mihai Simiuc is relaunching healthy food brand FruFru, which he bought back this year from Anglo-Dutch giant Unilever, and is... more
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Joysonquin Automotive Systems Romania Switches Back to Profit in 2023
10.01.2024
Car parts manufacturer Joysonquin Automotive Systems Romania, the local subsidiary of China’s Joyson, for 2023 reported turnover worth RON739.7... more
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Vladimir Cohn Builds New Plant in Giurgiu in EUR75M Investment
10.01.2024
Entrepreneur Vladimir Cohn, known for his businesses in the field of paper production, is building a new plant in Giurgiu, set to manufacture... more
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Tomcat Hospitality Owner Catalin Gheorghe Set to Open Largest Food Court in Romania
10.01.2024
Catalin Gheorghe, the entrepreneur who controls Tomcat Hospitality, which includes concepts such as Treevi Pizza, Sagakura and Fabrica de Ciorbe,... more
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Teilor Holding's Net Profit Plunges 76% YoY To RON3.2M In H1/2024
09.30.2024
Teilor Holding SA, a group of companies that includes luxury jewelry chain Teilor, non-bank financial institution Invest Interned GF IFN, the... more
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Vivre Deco Ends H1/2024 With RON2.7M Revenue vs RON6.7M In Year-Earlier Period
09.30.2024
Vivre Deco – the first company listed at the Bucharest Stock Exchange, which missed bond refunding due to financial distress – for the first... more
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Rompetrol Well Services Appoints Pavel Romanenko As Chairman Of Board of Directors
09.30.2024
Rompetrol Well Services (stock symbol: PTR), one of the leading wellbore special services companies in Romania, announced on Sept 30 the decision... more
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Digi Romania Confirms Full Redemption Of EUR450M Notes Due In 2025
09.30.2024
Telecommunications company Digi Communications has announced on Sept 30 that its Romanian subsidiary redeemed in full the EUR450 million worth of... more
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BT Leasing Reports RON99M Net Profit For H1/2024
09.30.2024
BT Leasing, part of financial group Banca Transilvania, reported net profit of RON99 million, at the group level, for the first half of 2024,... more
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Furniture Maker Elvila Sees Turnover Halving In H1/2024 To RON5.5M
09.30.2024
Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, saw its turnover halving in the first half of 2024 to almost... more
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Finance Ministry Raises RON500M From Banks On Sept 30, 2024
09.30.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Sept 30, 2024) selling benchmark bonds, higher by RON100 million than the... more
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eVote Unveils Record Number Of 1,300 Investors At General Shareholders Meeting Of Fondul Proprietatea
09.30.2024
Romanian start-up eVOTE, an online participation and voting platform in the General Shareholders’ Meeting, run by investor Mihai Chisu, on Monday... more
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Filip & Company Assisted Banca Transilvania In Launching Sustainable Bond Issue
09.30.2024
Law firm Filip & Company assisted Banca Transilvania with the launch of a sustainable bond issue, raising EUR700 million from international markets. 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.