Against a backdrop of falling global M&A activity, dealmaking in Central and Eastern Europe (CEE) held up relatively well, according to a recent Mazars report.
Romania's equity market presence in the MSCI indices will increase to 26 companies from March 1, 2024, following the quarterly index review conducted by global index provider MSCI in February 2024.
Nuclearelectrica has signed, in Rome, in the presence of Romania's economy minister Stefan-Radu Oprea, and the Minister of Business and Made in Italy, Adolfo Urso, a Memorandum of Understanding (MoU) with SACE and Ansaldo Nucleare to advance the development and financing of Cernavoda NPP Unit 1 Refurbishment and Cernavoda NPP Units 3 and 4.
At the end of 2023, electricity distribution company Distributie Oltenia drafted the documents needed to obtain financing from the energy ministry for 22 projects, in the counties of Arges, Dolj, Gorj, Mehedinti, Olt, Teleorman and Valcea.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) plunged 14.6%, in nominal terms, in December 2023 compared to November 2023, and inched down 1% compared to December 2022, data from the country's statistics board INS showed on Thursday (February 15).
Romania’s industrial sales (on the domestic and external markets) decreased by 15.7% in nominal terms in December 2023 compared to November 2023 and by 4% versus December 2022, data from the country’s statistical office INS showed on Thursday (February 15).
Romania's wine production was 15% higher in 2023 vs 2022, despite coming from a total vineyard area slightly reduced compared to the previous years, in line with data from ONVPV, analyzed by Wines of Romania.
Romania's Finance Ministry raised RON654 million from banks on Thursday (February 15, 2024) selling bonds with a nominal value of RON500 million due in April 2030, at an annual average yield of 6.60%.
Romania's energy ministry and the companies Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea (part of the PPC Group in Romania, previously named E-Distributie Muntenia, Banat, respectively Dobrogea) signed six non-reimbursable financing contracts via the Modernization Fund.
Mihaela Rodica Suciu, the General Manager of Distributie Energie Electrica Romania (DEER), and Energy Minister Sebastian Burduja have signed new contracts for the financing of seven projects, with a total value of almost a quarter of a billion euros, and the non-refundable financing reaches EUR171 million.
Stay Fit Gym, Romania’s second largest fitness center chain, targets revenues worth around RON80 million in 2024, double the level of the 2023 result, based on its expansion and organic growth strategy.
Artrom Steel Tubes, one of Europe’s major tube producers, with operations in Romania in Resita and Slatina, will invest EUR6 million in 2024 to reduce CO2 emissions and fuel consumption.
The members of TechAngels, the biggest group of business angel-type investors in Romania, plan to carry out investments totally worth around EUR3.5-4 million this year, 25% more than in 2023, when overall investments halved from 2022.
Developers mull building two new data centers with overall 40-45 MW power in Romania, meaning total investments of almost EUR500 million, in line with data provided by Knight Frank, the real estate consultancy.
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised downwards its forecast on Romania’s economic growth to 2.6% for 2024 from a previous estimate of 3.3%, after Romania's National Institute of Statistics (NIS) published on Wednesday (Feb 14) the GDP data for the fourth quarter of 2023.
Romanian shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin, has announced in a stock market report on Wednesday (Feb 14) the conclusion of a contract worth EUR2.2 million with Handelskade Shipsales B.V.
Aramis Invest, the biggest furniture producer in Romania, controlled by local entrepreneurs Vladimir Iacob and Marius Selescu, currently has 150 jobs available for unskilled workers at its plant in Baia Mare, in line with data available on the website of Maramures County Employment Agency.
Coca-Cola HBC Romania, the leader of the local refreshing drinks market, saw an 8.3% decline in sales on the year in 2023, the company said in its latest report.