Electrica Wants to Raise EUR500M Via Green Bonds, Contract Syndicated Loan of up to RON3.1B for Investments
yesterday, 09:36
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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ASF Approves One United Properties Prospectus for Share Capital Hike
08.08.2024
The Financial Supervisory Authority has approved the prospectus of real estate developer One United Properties via which the company wants to raise... more
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Telekom Mobile Romania Switches to Losses in Q2
08.08.2024
Telekom Romania Mobile, a mobile telephone company owned by Greece’s OTE group and Germany’s Deutsche Telekom, registered new revenue and... more
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Honor Technologies 2023 Turnover Soars 249% To RON259M
08.08.2024
Honor Technologies Romania SRL, the entity held locally by Honor, a Chinese producer of smartphones, tablets and other gadgets, for 2023 reported a... more
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Tech Company Cegeka Wants to Expand in Romania
08.08.2024
Tech company Cegeka Romania, the local subsidiary of Belgian IT group of the same name, plans to expand its footprint and product portfolio locally... more
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Freight Carrier Sorcani Sees H1/2024 Turnover Rise 20% vs H1/2023
08.08.2024
Freight carrier Sorcani, a company controlled by entrepreneur Mircea Barbu and founded in 1993, ended the first half of 2024 with 20% higher... more
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WDP Set to Add 15,000-Sqms to Metro Stefanestii de Jos Warehouse by Q3/2025
08.08.2024
Belgian logistic spaces developer WDP will expand Metro’s warehousing capacity of Stefanestii de Jos by around 15,000 square meters. more
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Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M
08.07.2024
Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated revenues of... more
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Romanian Startup MixRift Raises $1.6M In Pre-Seed Funding Round
08.07.2024
Romanian MixRift, a mixed reality (MR) gaming start-up, has attracted an investment of $1.6 million via a pre-seed founding round ended in just... more
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Financial Supervisory Authority Approves TeraPlast Bistrita's Share Capital Increase By RON22M Tops
08.07.2024
Building materials producer TeraPlast Bistrita (stock symbol:TRP) has announced in a stock market report that on August 7 Romania's Financial... more
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Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments
08.07.2024
Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local industrial sector. more
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Romanian Central Bank Cuts Key Rate To 6.50% A Year From 6.75% A Year
08.07.2024
Romania's central bank has decided at its Board meeting on Wednesday (August 7) to lower its benchmark interest rate to 6.50% a year from 6.75% a... more
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Competition Council Looks Into Takeover Of Toneli Holding And Toneli Eco Farms By Youssef Laoun and Toni Khoury
08.07.2024
Romania's Competition Council is assessing the transaction through which Youssef Laoun and Toni Khoury intend to acquire Toneli Holding SA and... more
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PPC Signs Agreement To Buy Evryo Group’s Renewable Energy Portfolio In Romania
08.07.2024
PPC Group (Public Power Corporation) has announced that it has signed an agreement with Evryo Group, owned by Macquarie Asset Management, to... more
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Deloitte: Romania Retains Third Position Among Countries with Cheapest Housing in Europe
08.07.2024
Romania continues to rank third among European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price... more
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One United Properties Reports EUR123M Residential Sales and Pre-Sales in H1/2024, Up 2% from H1/2023
08.07.2024
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, reported residential... more
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Former Maravet Owner Enters PartnerVet Shareholding Structure
08.07.2024
Romanian entrepreneur Ferenc Korponay, known for having founded, developed and then sold Maravet petcare business, has entered the shareholding... more
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Edenred’s Romania Tech Hub Reaches 300 Employees in 5 Years
08.07.2024
Edenred Digital Center, the technology hub of Edenred group in Romania, has reached over 300 employees since its launch in Romania. more
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Altexpress Expects EUR2.5M Turnover in 2024, Up 50% YOY
08.07.2024
Altexpress, the courier and e-fulfillment services company founded in 2015 by Jordanian entrepreneur Maher Tarazi in Romania, estimates it will... more
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Evopack Enters Hungary Market
08.07.2024
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia... more
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Deltaica Seafood H1/2024 Turnover Flat from H1/2023
08.07.2024
Deltaica Seafood, which sells canned and prepared fish, ended the first half of this year with turnover similar with the H1/2023 level, though the... 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.