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Premier Energy Completes Acquisition Of Two Companies In Romania And Republic Of Moldova

Fri, 20 Dec 2024 21:38:24 GMT

Premier Energy (PE.RO), one of the largest natural gas suppliers in Romania, which also has renewable energy operations, on Friday notified the Bucharest Stock Exchange that its subsidiary Alive Renewable Holding Limited had completed acquisition of a 90% stake in Development Solar Power Energy SRL, which owns the ready-to-build rights for developing a 49 MW DC solar plant alongside a 16 MWh battery storage facility in Buzau County, Romania.

Impact Developer Contracts EUR7M Credit Facility From Libra Internet Bank For Its Current Activity

Fri, 20 Dec 2024 18:48:35 GMT

Real estate developer Impact Developer & Contractor (stock symbol: IMP) has concluded an agreement with Libra Internet Bank for the granting of a credit facility amounting to EUR7 million, the company has announced in a stock market report on Dec.20, 2024.

Louis Vuitton Opens Store On Ground Floor Of Athénée Palace Intercontinental In Bucharest

Fri, 20 Dec 2024 17:53:05 GMT

Louis Vuitton, one of the biggest names in the luxury industry, has opened a new store on the ground floor of the Athénée Palace Intercontinental Hotel on Calea Victoriei in Bucharest. The boutique took both the space vacated by Gucci and the space next to it, ZF has found.

Fitch Ratings Revises Nuclearelectrica’s Outlook To Negative From Stable

Fri, 20 Dec 2024 16:10:34 GMT

Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed its shareholders and investors in a report on Dec. 20, 2024 that Fitch rating agency has revised the company's Outlook to Negative from Stable, while affirming its Long-Term Issuer Default Rating (IDR) at 'BBB-'.

DRI And OMV Petrom Sign Largest Ever Physical Solar Offtake Agreement In Romania

Fri, 20 Dec 2024 15:13:53 GMT

DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (PPA) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe.

Deloitte Romania Assists AQUILA In Its Expansion On Hungarian Market Via Acquisition Of KITAX

Fri, 20 Dec 2024 14:51:00 GMT

Deloitte Romania assisted AQUILA, one of the leaders in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in its expansion on the Hungarian market through the acquisition of KITAX, one of the top five distribution companies in its sector.

Complice.ro: Average Budget For Experiential Gifts At RON550 In 2024

Fri, 20 Dec 2024 11:28:34 GMT

The average budget for experiential gifts has reached RON550 in 2024, according to representatives of Complice.ro, the online store providing various packages containing multiple experiences for individuals and companies.

CEC Bank Lists New Issue Of Bonds On Bucharest Stock Exchange On Dec 20, Amounting To EUR300M

Fri, 20 Dec 2024 11:12:33 GMT

CEC Bank, the third largest bank in Romania by assets, is listing on Friday (Dec.20), on the Regulated Market of the Bucharest Stock Exchange (BVB) a EUR300 million issue of senior non-preferred unsecured bonds, eligible in the light of the MREL requirements.

Hospitality Industry Entrepreneurs, Travel Agencies Call on Romania Govt to Drop Plan to Eliminate Holiday Vouchers

Fri, 20 Dec 2024 09:32:58 GMT

Hospitality entrepreneurs and travel agencies are calling on Romania government to give up its plan of doing away with holiday vouchers starting next year, as stipulated by an emergency ordinance under discussion, warning such a decision will have an extremely negative impact over tourism businesses.

EY Romania: Romanians Are More Downbeat in 2024 vs 2023

Fri, 20 Dec 2024 08:53:17 GMT

Romanians are more pessimistic in 2024 compared with 2023, reveals a survey conducted by EY, with 67% of respondents expecting the economic situation to worsen, 7% more than in the previous year.

Britain’s M Core Buys 7 Strip Malls in Romania from MAS Real Estate in almost EUR50M Bet on Retail

Fri, 20 Dec 2024 08:07:25 GMT

British group M Core has signed for the acquisition of seven strip malls from MAS Real Estate for EUR49 million.

Hyatt Comes to Bucharest, in Nusco City Project

Fri, 20 Dec 2024 07:57:53 GMT

Nusco, one of the leading and most active real estate market players, has sealed the partnership via which Hyatt will open its first hotel unit in Bucharest, in one of Romania’s largest urban regeneration projects, Nusco City.

DP World Set to Boost Headcount by 10% in 2025, Continue Training Investments

Fri, 20 Dec 2024 07:50:27 GMT

Mihaela Matei, HR lead Romania, Türkiye, Cyprus and Serbia at DP World, one of the largest port operators globally, says the company expects to boost its number of employees in Romania by 10% in 2025.

Alex Melcovich BH Expects To Complete Investment In New Beverage Factory By June 2025

Thu, 19 Dec 2024 21:29:37 GMT

Alex Melcovich BH SRL, a Merlins Beverages group company, expects to finalize the investment it has in progress in June, for which it will receive state aid through Government Decision No. 959/ 2022.

AROBS Starts Merger By Absorption Of Three Companies Acquired In Last Three Years

Thu, 19 Dec 2024 20:56:02 GMT

AROBS Transilvania Software (AROBS.RO). the largest technology company listed on the Bucharest Stock Exchange, has started the project of merger by absorption of three companies the group bought in the last three years – AROBS Development & Engineering, BERG Computers and Nordlogic Software, it said in a report to the Bucharest Stock Exchange on Thursday.

Eurostat: Romania Posts Highest Annual Inflation Rate In The EU, Of 5.4%, In November 2024

Thu, 19 Dec 2024 18:31:15 GMT

Romania had the highest annual inflation rate, of 5.4%, among European Union Member States, in November 2024, data from Eurostat, the statistical office of the European Union (EU), showed on Thursday (Dec.19).

Law Firm D&B David Si Baias Assisted Altex In Acquisition Of DIY Store Chain Brico Dépôt In Romania

Thu, 19 Dec 2024 17:47:08 GMT

D&B David si Baias, PwC's correspondent law firm in Romania, has assisted the Altex group, owned by Romanian entrepreneur Dan Ostahie, in its acquisition of the Brico Dépôt DIY store chain in Romania from Kingfisher plc.

Finance Ministry Raises RON500M From Banks On Dec. 19

Thu, 19 Dec 2024 14:46:46 GMT

Romania's Finance Ministry raised RON500 million from banks on Thursday (Dec. 19, 2024) selling benchmark bonds, at an annual average yield of 7.24%.

EIT InnoEnergy Appoints Mikołaj Budzanowski As Board Member And CEO For Central Europe

Thu, 19 Dec 2024 14:40:31 GMT

EIT InnoEnergy, supported by the European Institute of Innovation and Technology (EIT), a body of the European Union, announces the appointment of Mikołaj Budzanowski as its new Board Member and CEO of EIT InnoEnergy Central Europe, effective January 2025.

Allianz-Tiriac Reports Total Underwritings Of RON2.7B For Jan-Sept 2024, Up 6% YoY

Thu, 19 Dec 2024 14:20:13 GMT

Allianz-Tiriac, the second largest insurer in Romania, ended the first nine months of 2024 with a sales volume of RON2.7 billion, up 6% from the same period of 2023.