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UniCredit Bank Romania has granted a EUR39.3 million loan to Comcris Energy SRL, a subsidiary of Vienna-based renewable energy generation company Energy, with the funds being destined to the development and operation of the solar park of Sarmasag, Salaj county.
CEC Bank has granted a EUR8 million loan to Cerinvest Imobiliare SRL, the developer of shopping center Fashion House Outlet Pallady.
Law firm Filip & Company assisted Fondul Proprietatea in the sale of the minority stake it held in Engie Romania, in a deal worth above EUR86 million.
Farmland operator Holde Agri Invest has taken over another farm, in Braila county, which is set to become the company’s fifth development nucleus.
Nicoltana, the producer of Keia water brands, has taken over natural mineral water bottler Lipova and Lipova 1897 brand.
Prahova-based Feruccio Com, controlled by businessman Ninel-Aurelian Alexandru, one of the eight companies in the processing industry that have signed a state aid contract, will build a precast concrete product plant in Aricestii Rahtivani, near Ploiesti, Prahova county, in an investment put at RON109 million (EUR26 million).
The local hotel market will ad seven new hotels under international brands this year, with around 650 rooms overall.
Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) has called shareholders to decide on extending by six months the contracting of a credit facility under the form of a bank guarantee letter for refunding the advance payment of October 30, 2020, in the amount of RON51.8 million and valid until Jan. 5, 2024, as per a stock market report released on Jan.8.
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (January 8), selling government paper in two auctions, at annual average yields of 6.5% and 6.03%, respectively.
MedLife, the largest private medical services network in Romania, continues to strengthen its expertise in the field of robotic surgery, with the purchase of the da Vinci X robot, within the MedLife Polisano Hospital in Sibiu, the third da Vinci robot of the group.
Law firm Tuca Zbarcea & Asociatii assisted OMV Petrom (SNP.RO) in the two of the most important “green” deals ever conducted in Romania, the acquisition of 50% in the largest wind farm project portfolio, held by Electrocentrale Borzesti, and of Renovatio Asset Management, which owns the largest electric vehicle charging network.
Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interior design, construction and flooring Egger, has budgeted EUR25 million investments for this year to upgrade production facilities and do maintenance work on the wood processing facility in Radauti, Suceava County.
Net investments in new construction works exceeded RON74.188 billion in the first nine months of 2023, accounting for 62.6% of total investments in Romania's economy, compared to 62% in the similar period of 2022, in line with data centralized by the country's statistics board INS.
Gábor Mozga, a former Head of Retail Sales & Operations at MOL Poland, has been appointed Chief Executive Officer (CEO) of MOL Romania, effective January 1, 2024.
Cegeka Romania, the local subsidiary of Belgian IT Group of the same name, announced on January 8 that it appointed Lucian Popovici as the company’s new Director of Applications, company representatives said in a statement.
iBanFirst analysts expect a slight depreciation trend for the Romanian leu (RON) versus the euro and dollar in the first quarter of 2024, amid weak growth of the Romanian economy.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 3.8% in unadjusted data and by 3.3% when adjusted for seasonality and number of working days, in November 2023 compared to November 2022, data from the country’s statistics institute INS showed on Monday (January 8).
The seven mandatory private pension funds in Romania (Pillar II) generated an annual average yield of 17.9% in 2023, the best annual performance in the entire history of the system and over 10% above the inflation rate estimated for 2023.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, will end 2023 with EUR120-130 million turnover and expects a similar level for this year, according to the company’s officials.
Andrei Ursulescu, general manager of Scandia Food, a major player in the local food industry, says turnover budgeted for 2024 is similar to that of 2023 as the company expects local consumption to slow down its decline and stabilize, doubled by the continuing shift to cheaper products amid the still shrinking purchasing power.19990 items