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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Major Changes in OMV Petrom 2030 Strategy
06.19.2024
OMV Petrom, Romania’s biggest company, has announced significant changes in its 2030 Strategy, a document published in 2021, with green... more
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Furniture Maker ADA Switches Back to Profit in 2023
06.19.2024
ADA Fabrica de Mobila, a major local furniture producer, for 2023 reported turnover worth RON203.5 million (EUR41.2 million), up 3% from 2022, in... more
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Ukraine’s Richest Man Buys another Solar Park in Romania, Nears 1 GW Target for 2028
06.19.2024
DRI, the subsidiary of DTEK group owned by Ukrainian billionaire Rinat Akhmetov, has taken another step toward hitting the target of 1,000 MW in... more
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Vel Pitar Budgets EUR20M Development Investments for 2024
06.19.2024
Vel Pitar, Romania’s largest bakery producer, taken over last year by Mexican group Bimbo, has budgeted EUR20 million investments for this year... more
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Sameday Set To Invest RON150M To Boost Delivery Capacity In Romania, Hungary And Bulgaria
06.19.2024
Sameday, one of the largest parcel delivery companies in Romania, has budgeted investments of RON150 million to increase its delivery capacity in... more
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Fuel Supplier Smart Diesel Arad See Net Profit Nearly Triple YoY To RON137.7M In 2023
06.18.2024
Arad-based fuel supplier Smart Diesel ended 2023 with net profit of RON137.7 million (EUR27.8 million), almost three times higher than the net gain... more
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Banca Transilvania To Pay Its Shareholders RON1B Dividends On June 26
06.18.2024
Banca Transilvania (BSE:TLV), the largest credit institution in Romania, on June 26 will be distributing dividends worth RON1 billion from its 2023... more
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Ingram Micro Distribution's 2023 Net Profit Surges 58% YoY To RON9M
06.18.2024
Bucharest-based company Ingram Micro Distribution, part of US IT&C distribution group of the same name, had a net profit of RON8.9 million in 2023,... more
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Nuclearelectrica Revises Revenue And Profit Expectations Slightly Downwards
06.18.2024
State-run Nuclearelectrica (SNN.RO), the operator of the Cernavoda nuclear power plant, is getting ready to amend its 2024 budget to reflect a 2%... more
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Gral Medical Set To Open New Centers In Four Cities In Romania In 2024
06.18.2024
The Gral Medical Group, created by the Serban family, will expand with four new centers in 2024 to add to the network of medical laboratories,... more
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First ibis Styles Hotel On Romanian Black Sea Coast Opens In Venus Resort
06.18.2024
ibis Styles, the brand owned by French group by Accor, announced the opening of ibis Styles Venus, the first internationally branded hotel to debut... more
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OMV Petrom Plans To Distribute RON1.9B Special Dividends
06.18.2024
OMV Petrom (SNP.RO) is calling shareholders for July 25 to approve, among others, the distribution of a RON0.03 gross special dividend per share or... more
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Visa: 83% Of Romanians Planning A Holiday Abroad Will Pay Digitally When Away
06.18.2024
This year, 37% of Romanians intend to go on holiday abroad and the most popular direction proved to be Greece; on the longest of foreign journeys,... more
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Winemaker Purcari Gets New CFO
06.18.2024
Purcari (WINE.RO), one of the leading wine producers in Central and Eastern Europe, on Tuesday announced the appointment of Anatol Belibov as the... more
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Over 800.000 SMEs In CEE Can Gain Access To Market Proven Sustainability Know-how And Tools After Significant Regional Investment
06.18.2024
SMEs in Bulgaria, Croatia and Serbia now have access to a market tested and proven self-paced e-learning platform that aims to cover all the local... more
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European Investment Fund Launches Gender Smart Equity Investment Program
06.18.2024
The European Investment Fund (EIF) is launching the Gender Smart Equity Investment Program, collaborating with national promotional institutions... more
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Competition Council Sets Off Inquiry Into Archive Services Market For Pensioners
06.18.2024
Romania's Competition Council has launched an investigation into a possible price-fixing agreement between companies that provide archive services... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In The EU For 5th Consecutive Month
06.18.2024
Romania had the highest annual inflation rate, of 5.8%, among European Union Member States, for the fifth consecutive month, in May 2024 compared... more
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Two Financial Services Firms Lease 1,500 Sqms of Office Space in America House Office Building
06.18.2024
America House, the office building having among shareholders Morgan Stanley and David Hay, has added to financial services multinationals, VSR and... more
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Becali Family Chases Dobrogea Wind
06.18.2024
A giant project of around 770 MW in Suceava got Transelectrica’s technical ok last month to connect to the network. 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.