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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Red Point Software Solutions Acquires Ness Technologies Ro, Part Of Ness Digital Engineering
07.22.2024
Red Point Software Solutions, a Romanian company specialized in providing IT services and solutions and the only SAP Platinum partner in Romania,... more
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PwC Romania Assisted Global Records Shareholder In Sale Of Minority Stake To Believe
07.22.2024
A team of PwC Romania mergers and acquisitions consultants advised the shareholders of Global Records group in the sale of a minority stake to... more
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Eight Romanian Companies Included In Deloitte EMEA Technology Fast 500 Ranking
07.22.2024
Redbee Software, DRUID, Questo, Ascendia, FintechOS, Pentest-Tools.com, Kinderpedia and Nestor are the eight Romanian companies included in the... more
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Global Vision Plans To Launch Special Division For Green Power Projects, Real Estate Investment Platform
07.22.2024
Global Vision, a real estate business that operates on both the office and industrial space markets, plans to launch a special division for... more
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Sile Fulga Takes Reins Of Dacia Vehicle Plant
07.22.2024
Sile Fulga will become the executive director of the Dacia Vehicle Plant and supervisor of the Mioveni industrial site. more
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Romania Expected To See Lowest Corn Harvest In Years in 2024
07.22.2024
Romania’s corn production will be about 7 milion tons in 2024, lower than the USDA and European Commission’s forecasts of 10.8 million tons and... more
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Tosmur Group’s Starch Plant In Medgidia Expects 5% Higher Revenue In 2024
07.22.2024
The starch factory in Medgidia, inaugurated by the Türkiye’s Tosmur Group in 2022, expects its revenue to grow by 5% this year, after having... more
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Huf Romania Ends 2023 With 35% Growth In Revenue To RON683.4M
07.22.2024
Car door handle systems and lock sets manufacturer Huf Romania, part of Germany’s Huf Group, posted RON683.4 million (EUR138.2 million) revenue... more
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Vimercati East Europe Revenue Rises 10% To RON360.8M In 2023
07.22.2024
Vimercati East Europe, which makes electromechanical and electronic components in a plant in Bacau County, posted RON360.8 million (some EUR73... more
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Nuclearelectrica Shareholders Approve Continuation Of SMR Project
07.19.2024
The shareholders of nuclear power producer Nuclearelectrica (SNN.RO), 82.5% held by the Romanian government via the Energy Ministry, on Friday... more
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US’ Convergint Buys Integrator Helinick
07.19.2024
US-held Convergint has acquired Helinick, held by the Retegan family, the two companies announced on Thursday. more
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Goldring Aims To Register 200 Clients For Discretionary Account Service In 2024
07.19.2024
Goldring, one of the most active brokers in Romania in terms of trading volume at the Bucharest Stock Exchange, aims to register this year 200... more
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CTP Completes Phase I Of CTPark Arad West
07.19.2024
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the... more
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Competition Council Approves Takeover Of Some Assets Of Peeraj Brands International By Shoebox Product
07.19.2024
Romania's Competition Council has announced in a press statement on July 19 that it approved the transaction through which Shoebox Product SRL... more
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Competition Council Clears Takeover Of Thermotop Technology By Revaty Limited And Tradeflax Limited
07.19.2024
Romania's Competition Council has announced on July 19 that it approved the transaction through which Revaty Limited, Cyprus, and Tradeflax... more
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Nusco Imobiliara Sells Over 75% Of Phase II Of Nusco City Project In Bucharest
07.19.2024
Construction works on Phase II of the Nusco City project in northern Bucharest started in fall 2023 and the first three blocks of apartments, out... more
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Daniel Adam Steps Down As Chief Financial Officer Of Holde Agri Invest
07.19.2024
Holde Agri Invest (HAI.RO), one of the largest players in the Romanian agribusiness sector, has announced in a stock market report on July 19 that... more
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Law Firm Clifford Chance Badea Assists Nala Renewables In Buying PV Park In Caras-Severin
07.19.2024
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised UK-based Nala Renewables Limited in its deal closed in... more
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City Grill Takes Two 5 To Go Coffee Shops To Otopeni Airport
07.19.2024
The City Grill Group, one of the leading restaurant businesses in Romania, has recently opened two 5 to go coffee shops inside the Henri Coanda... more
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Marian Gheorghe Takes Over As Director Of Business Development Division At EY Romania
07.19.2024
Marian Gheorghe is joining the EY Romania team as Director of the Business Development Department. 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.