Aquila, a leading player in the FMCG sector in Romania and the region, has signed with ELI Parks to lease an 8,900-sqm space in ELI Parks Bacau.
Electroputere Craiova has put a 37-ha land plot belonging to the former industrial platform up for sale and real estate consultancy Cushman & Wakefield Echinox has been designated as the exclusive consultant for the deal.
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows. CoinGecko data showed that Ethena’s USDe stablecoin fell from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion on Nov. 30. The token saw about $2.2 billion in redemptions, marking a 24% decline in supply in November. Ethena’s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies with crypto and futures contracts rather than holding actual dollars. USDe outflows mean that users are either selling USDe on the open market, withdrawing from pools or unwinding their positions on decentralized applications (DApps). Read more
Law firm Filip & Company legally assisted Banca Transilvania Financial Group in completing the acquisition of BRD SAFPP, which administers the privately managed Pillar II pension fund.
Romanian lighting equipment wholesaler Elbi Electric & Lighting, controlled by businessman Cristinel Sandu, in 2024 registered turnover worth RON298 million (EUR80 million), up 3.5% from 2023, in line with ZF calculations based on Finance Ministry data.
Paper products manufacturer Pehart Group for 2024 reported turnover worth RON800.8 million (around EUR161 million), down 1.3% from 2023, in line with ZF calculations based on Finance Ministry data.