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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WDP Buys Over 135,000 Sqm Of Logistics Space And Land Plots From Globalworth And Global Vision In EUR110M Deal
07.19.2024
Belgium's WDP, one of the largest industrial and logistics property developers in Romania, has acquired a portfolio comprising 136,374 square... more
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Orthopedics Medical Center Opens Fourth Clinic In Timis County In Wake Of EUR900,000 Investment
07.19.2024
The Orthopedics Medical Center, based in Romania's western city of Timisoara and held by a family of physicians, will be opening its fourth clinic... more
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Renault Wants Automobile Dacia To Sell Over EUR20B Worth Of Cars In 2030
07.19.2024
The Bigster SUV, which is going to enter production at Automobile Dacia's plant in Mioveni in late 2024, along with two other new compact models,... more
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Euro Testing Software Solutions Ends 2023 With Over RON28.1M Turnover, Up 12% YoY
07.18.2024
Romanian company Euro Testing Software Solutions, a privately-owned software company specialized in Full-Service Software Testing, Penetration... more
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Sennheiser Romania Reports RON384M Turnover For 2023, Up 16% YoY
07.18.2024
Sennheiser International Manufacturing GMBH, the Romanian branch of German headphones and audio systems manufacturer Sennheiser, reported a... more
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Interstar Chim Plans To Overshoot For 1st Time RON200M Turnover Mark In Romania In 2024
07.18.2024
Household cleaning and personal care products manufacturer, importer and wholesaler Interstar Chim, whose portfolio includes the brands Igienol,... more
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Cold Cuts Producer Meda Eyes RON27M Investments In 2024
07.18.2024
Luchi Georgescu, the owner of Romanian cold cuts producer Meda Prod 98, one of the largest players in the market, has an investment budget of RON27... more
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Investment Fund CEECAT Acquires Food Packaging Producer Paccor
07.18.2024
Goodpack Sarl, a company in the portfolio of investment fund CEECAT Fund II, has acquired the entire package of shares in the company Paccor from... more
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Burak Yildiran Takes The Helm Of Romanian Operations Of Token Financial Technologies
07.18.2024
Token Financial Technologies (TOKEN), a provider of digital payment solutions, has put Burak Yildiran in charge of its operations in Romania. more
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Romgaz Makes RON190M Term Deposit With Exim Banca Romaneasca
07.18.2024
Natural gas producer and supplier Romgaz (SNG.RO) on Thursday notified the Bucharest Stock Exchange of having made a term deposit without... more
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Finance Ministry Raises RON798M From Banks On July 18
07.18.2024
Romania's Finance Ministry has raised RON798 million from banks on Monday (July 15), selling benchmark bonds, above the planned level of RON400... more
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CMS Announces Promotion Of Andrei Cristescu To Counsel In Its Romania Office
07.18.2024
International law firm CMS has promoted Andrei Cristescu (Dispute Resolution) to Counsel, starting from July 1, 2024, the firm has announced in a... more
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C & W Echinox: Office Building Landlords Offer Personal Development Workshops To Encourage Return To Office
07.18.2024
Office building landlords have started to organize personal development and nutrition workshops, massage sessions and multisensory experiences such... more
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DHL Express Opens Logistics Center In VGP Park Bucharest North
07.18.2024
Courier company DHL Express will open a new logistics center n Stefanesti, near Bucharest in the VGP Park Bucharest North logistics park. more
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PwC Romania Assisted Digital Music Company Believe In Buying 25% In Global Records
07.18.2024
A team of transaction experts form PwC Romania along with PwC France provided fiscal due diligence services to France-based digital music company... more
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INS: Romanian Construction Works Down 1.1% In January-May 2024
07.18.2024
The volume of construction works increased, in unadjusted data, by 1.1% in January-May and by 2.2% when adjusted for the number of working days and... more
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New Car Registrations In Romania Up 13.4% To 83,505 Units YoY In January-June 2024
07.18.2024
New car registrations increased by 13.4% to 83,505 units in Romania in January-June 2024 compared with the same period in 2023, and by 4.5% to... more
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Wet Wipe Maker Europack Media Sees Revenue Up 8.5% To RON82.2M In 2023
07.18.2024
Europack Media, a Constanta-based company that makes wet wipes, ended 2023 with RON82.2 million, an increase of 8.5% on 2022. Net profit went up,... more
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Five-Star Sheraton Hotel In Bucharest Ends 2023 With 21% Growth, Upbeat About 2024 After H1 Performance
07.18.2024
Grand Plaza Hotel, which manages the five-star Sheraton Hotel in Bucharest, ended last year with RON52.8 million revenue, an increase of 21% on the... more
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Stockday E-Commerce Platform Reports 8% Higher Sales, Of RON577M, For 2023
07.17.2024
Stockday, the B2B e-commerce platform held by Coca-Cola HBC and Heineken Romania, ended 2023 with a turnover of RON577 million, up 8% versus 2022,... 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.