Global law firm Dentons has announced in a press statement on Dec 2 that it has advised CEC Bank on the update of its existing Medium-Term Note (MTN) Program followed by the raising of EUR300 million through a new issue of Senior Non-Preferred Eligible Notes intended to qualify as MREL instruments.
Romania’s unemployment rate stood at 5.4% in October 2024, lower by 0.2 percentage point compared to September 2024, data from the country’s statistics institute INS show on Wednesday (Oct 2, 2024).
Hesburger, the largest fast-food chain in Finland and a famous brand all over Europe, has opened its sixth restaurant in Romania, in Mega Mall, following an investment of EUR500.000, and thus reaches an investment of EUR1.5 million in Bucharest.
Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, currently has 36 jobs available for the production unit of Sannicoara locality, Cluj county.
Sweets producer ETI European Food Industries, part of Turkish group ETI, in 2023 posted turnover worth around RON266 million (EUR53.8 million), up 45.6% on the year, in line with ZF calculations based on Finance Ministry data.
MP Industry, part of MEN Industry Group, a company controlled by Romanian entrepreneur Jean Drugescu, has invested almost EUR42 million in Tangiers, the city where Renault Group owns a plant producing Dacia Sandero, Sandero Stepway and Jogger models.
Russian cybersecurity solutions provider Kaspersky decided on September 1 to close its company in Romania, which it had established 16 years previously, according to a document published in the Official Gazette.
US’ Franklin Templeton, which has been managing Fondul Proprietatea in recent years, has announced it decided to it would not seek a new term as the Fund’s manager, which is a major surprise given how long it has been doing the job.
Port operator Socep Constanta (SOCP.RO) on Friday notified the Bucharest Stock Exchange of having signed the contract for RON92 million funding to develop the handling capacity of a terminal.
Entrepreneurial group Agroland Business System (stock symbol: AG), which owns the largest farm supply store chain in Romania, ended the first nine months of 2024 with consolidated operating income of RON264.4 million, up 6% year-over-year.
The electricity distribution companies Reţele Electrice Muntenia, Reţele Electrice Dobrogea and Reţele Electrice Banat, part of the PPC Group in Romania, are merging under the name Reţele Electrice Romania, starting with November 30, 2024.
Romanian authorities issued 3,165 residential building permits in October 2024, 9.3% fewer than in September 2024 and 5.4% more than in October 2023, data from the country’s statistics board INS showed on Friday (Nov 29, 2024).
InterCapital Asset Management, the largest independent investment manager in Croatia, with EUR550 million assets under management, intends to launch a new ETF at the Bucharest Stock Exchange, offering investors easy and liquid access to EUR-denominated government bonds.
Turkish group Koç, Türkiye’s largest private holding, present in Romania via Arctic, Beko, Grundig, Ford and Otokar brands, is bringing the KoçZer platform in Romania, via which it wants to ease trade between Türkiye and Romania.
Vista Bank (formerly Marfin) wants to raise cash over the next five years via senior, subordinated and convertible corporate bonds, denominated in euros, lei or another currency, with a maximum maturity of 10 years, up to a maximum of EUR100 million, according to the decisions of the extraordinary general meeting of shareholders on September 6.
Romania's Competition Council announced on Nov 28 that it had conducted an unannounced inspection at the headquarters of the National Institute of Hydrology and Water Management (INHGA) as part of the investigation aimed at establishing whether institute is abusing its dominant position on the hydrological data supply market.
Softbinator Technologies (stock symbol: CODE), a Romanian provider of full software development services (product management, product design, software development, AI/ML development and product marketing), ended the first nine months of 2024 with profit of RON1.4 million, compared to loss of RON2.3 million reported in the same period of 2023.
IPROEB Bistrita (IPRU.RO), Romania's leading manufacturer of cables and conductors, posted a net profit of RON18 million in the first nine months of 2024, up 63.63% compared with the year-ago period, while revenue stood at RON149.4 million, 3.8% higher.
Constructii Hidrotehnice Iasi (stock symbol: CHIA), specialized in hydrotechnics, has announced in a stock market report on Thursday, Nov 28, the signing of a contract worth RON23.13 million, which is double the company's market capitalization.
Geological surveying company Prospectiuni Bucuresti (PRSN.RO) posted RON120.4 milion revenue in the first nine months of 2024, 36% lower than in the year-ago period and RON6.5 million losses compared with a RON25 million net profit.