Real estate investment trust Star Residence Invest (REIT.RO), established by real estate developer Impact (IMP.RO), has informed the local capital market in a report about the purchase of a 25,024-sqm land in Bucharest, on Dec 20.
The net assets of the 248 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 2.1% in November 2023 up to RON39.5 billion (EUR7.9 billion), but fell by 14% since the beginning of 2023, in line with the latest data from the Association of Fund Managers (AAF).
Cathedral Group, based in Buzau and held by Romanian entrepreneur Alin Zamfira, is joining the shareholding structure of Abatorul Peris, with an ownership stake of 40%, in exchange for three meat processing and commercialization units.
The combined installed power of photovoltaic panels owned by prosumers was 1,300 MW at the end of October 2023 and, according to Romania's National Energy Regulatory Authority (ANRE), it is expected to reach 1,500 MW by the end of 2023.
Romania's Finance Ministry raised RON572.5 million from banks on Thursday (December 21) selling bonds with a nominal value of RON400 million due in July 2034, at an annual average yield of 6.35%.
Polish-held retailer Żabka, one of the largest grocery retailers in Poland, is entering the Romanian market with the acquisition of the majority stake in distribution company DRIM Daniel Distributie FMCG. The deal will be completed once all regulatory requirements have been met.
Law firm PeliPartners assisted the Gymboland Group, which operates a network of 13 indoor playgrounds in Bucharest, Ploiesti and Constanta, to sell the majority stake to the Black Sea Fund at the same time with the implementation of a significant investment from the investment fund.
SeedBlink, the investment & equity management platform dedicated to European tech startups, has announced a strategic partnership with Capital Cell, Spain’s leading investment platform specializing in Biotech and Healthtech.
Romania's Ministry of Finance has attracted RON933.4 million and EUR310 million (values amounting to RON2.47 billion – EUR497.7 million) through the 14th primary offer for the sale of government bonds dedicated to retail investors (Fidelis) held in the last four years using Bucharest Stock Exchange (BVB) systems.
The gross domestic product estimated for 2022 (semi-final data) stood at RON1,401 billion, an increase of 4.1% in real terms compared with 2021, Romania’s National Statistics Institute announced on Thursday.
Tatika Investments Limited, the largest shareholder of Sphera Franchise Group (SFG.RO), bought 363,823 Sphera shares on December 19 for RON9 million, according to a report to the Bucharest Stock Exchange on Thursday.
The four-star hotel Cismigiu in Bucharest, one of the city's landmark buildings, controlled by the Spanish Hercesa, will end this year with EUR1.9 million revenue, higher than in 2019, the benchmark year in tourism.
Building materials holding company Roca Industry (ROC1.RO) announced on the Bucharest Stock Exchange on Wednesday that its shareholders had approved the proposals related to the acquisition of door manufacturer Workshop Doors by subsidiary Eco Euro Doors during an Extraordinary General Meeting of Shareholders.
The volume of construction works in Romania increased, in unadjusted data, by 10.7% in October 2023 compared to October 2022 and was up 7.6% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Wednesday (Dec 20).
The Board of Directors of Romaero Bucuresti (RORX.RO), a strategic company for Romania’s aerospace and defense industry, has called shareholders for a meeting on January 22, 2024 to vote on a share capital increase of RON34.4 million.
Electricity supplier and distributor Electrica (EL.RO) has announced its shareholders and investors in a stock market report the degree of fulfilment of the criteria of the global index provider FTSE Russell, with a view to the inclusion, for the first time, of Electrica (EL) shares in the FTSE Global Equity Index Series (GEIS).
Linnify, an IT company from Romania's north-western city of Cluj-Napoca, has announced in a press statement its international expansion into the US market.
The European Investment Bank (EIB) and BRD Sogelease IFN SA have signed a EUR50 million loan agreement, extending their support to Romanian businesses and the country’s economy.
Romania's Competition Council approved the transactions through which Brain Hospital SRL and Roho Medical Investments intend to take over Monza Hospital from Centrul Medical Policlinico Di Monza.