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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Interbrands Orbico Overshoots RON6B Turnover Mark In 2023
07.08.2024
Interbrands Orbico, the largest player in the distribution and logistics market, recorded a turnover of over RON6 billion in 2023, up 17% on the... more
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Builder Wincon's 2023 Net Profit Soars 72.6% YoY To RON16.4M
07.08.2024
Cluj-Napoca builder Wincon, held by entrepreneurs Bogdan Irsik (90%) and Werner Irsik (10%), for 2023 reported net profit of RON16.4 million... more
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Electromagnetica Puts Up For Sale 11 Small Hydroelectric Power Plants At Starting Price Of RON29M
07.08.2024
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) has announced in a stock market report that it will organize an outcry bid... more
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Partners Financial Services Becomes Largest Shareholder Of Transilvania Broker De Asigurari
07.08.2024
Czech-held company Partners Financial Services (PFS) is entering Romania by buying a 32.89% stake in Transilvania Broker de Asigurari (TBK.RO), one... more
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Finance Ministry Raises RON1.2B From Banks On July 8
07.08.2024
Romania's Finance Ministry has raised RON1.2 billion from banks on Monday (July 8), selling government paper at an annual average yield of 6.06%. more
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Competition Council Approves Takeover Of A Debt Portfolio Of BRD Finance IFN By OTTO Group
07.08.2024
Romania's Competition Council has approved the transaction whereby the OTTO Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends... more
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SVN: Number Of Homes Sold In Romania In H1, 2024 Up 16%
07.08.2024
More than 77,200 houses and apartments were sold in Romania in the first six months of 2024, an increase of 16%, while the increase in Bucharest... more
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Romania Secures Record EUR4.1B In EIB Funding In 2023
07.08.2024
In 2023, Romania saw a record level of financing obtained from the European Investment Bank (EIB) Group, with a total of financial commitments... more
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INS Upwardly Revises Romania’s Q1/2024 GDP Growth
07.08.2024
Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to... more
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Bucharest Stock Exchange Unveils 50 Semi-Finalist Companies Of BVB Arena 2024 Program
07.08.2024
The BVB Arena Nominations Committee has selected 50 semi-finalists out of the 409 companies nominated on the platform www.bvbarena.ro. more
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C&W Echinox: Crane ChemPharma Secures 3,000 Sqm Of Production Space In Industra Park Arad
07.08.2024
Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production... more
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Tourism And Sports Complex Cheile Gradistei Sees RON54M Revenue In 2023
07.08.2024
Cheile Gradistei tourism and sports complex ended 2023 with RON54 million revenue, Finance Ministry data show, its highest ever. more
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BMW Group Bought EUR2.3B Worth Of Parts From 100 Direct Suppliers In Romania In 2023
07.08.2024
Germany’s BWM Group bought about EUR2.3 billion worth of parts – steering wheels, tires and loading systems, from direct suppliers in Romania... more
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Mutual Fund Assets Up 3.3% To RON44.6B In May 2024
07.08.2024
The net assets of the 248 open-end and closed-end mutual funds, both local and foreign, available in Romania, increased by 3.3% to RON44.6 billion... more
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Maspex Romania Aims For 7% Growth In Revenue In 2024
07.08.2024
Maspex Romania, a producer of beverages, snacks and foods, part of Poland’s Maspex, has budgeted 7% growth in revenue this year, after having... more
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Transilvania Broker De Asigurare Main Shareholders Sells 27.9% To Partners Financial Services
07.05.2024
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, on Friday notified the Bucharest Stock Exchange that... more
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Mokka Partners Up With Seliton To Provide Flexible Payment Solution To Clients And Retailers
07.05.2024
Mokka, a provider of Buy Now, Pay Later services, has concluded a partnership with local e-commerce platform Seliton in order to provide clients... more
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Statistics Board: Romania Retail Sales Grow 8% YoY In January-May 2024
07.05.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8% in unadjusted data and by 6.4% when... more
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Romanian Central Bank Cuts Key Rate To 6.75% A Year From 7% A Year
07.05.2024
Romania's central bank has decided at its Board meeting on Friday (July 5) to lower its benchmark interest rate to 6.75% a year from 7% a year,... more
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tbi bank Decides to Reinvest Entire 2023 Profit of EUR42.5M
07.05.2024
tbi bank, active in Bulgaria, Romania, Greece, Germany and Lithuania, has decided to reinvest its entire net consolidated profit of 2023, worth... 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.