Found 20647 news
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (December 11), selling government paper in two auctions, at annual average yields of 6.72% and 6.68%, respectively.
Carbochim, the largest manufacturer of professional abrasives in Romania, has recently completed the relocation and technological upgrade process, following an investment of EUR5 million, aiming to streamline its industrial activity and optimize costs.
Banca Comerciala Romana (BCR) is successfully launching a new issue of non-preferred bonds, worth RON1 billion.
A total 17,916 housing units were put into use in Romania in the third quarter of 2023, 2,307 fewer units than in the same period of 2022, provisional data from the country’s statistics board INS showed on Monday (December 11).
Infinity Capital Investments (INFINITY.RO), a company listed on the Bucharest Stock Exchange (BVB) for 24 years, will start trading on Monday (December 11, 2023), under the new ticker symbol, INFINITY, following the process of implementing a new brand identity undertaken by the company during 2023.
Romania's trade balance posted a deficit of EUR23.1 billion in January-October 2023, lower by EUR5.21 billion (-18.4%) compared to January-October 2022 period, data from the country's statistics board INS showed on Monday (December 11).
Law firm PeliPartners has advised Mitiska REIM in the largest real estate deal of 2023, the sale of the 25 retail parks owned in Romania, by Britain’s LCP Group, part of M Core.
Kiddo group, specializing in the development of play centers for kids and young people owned by Vlad Alexandru and Cristina Sucu, has opened a Hype Energize-branded center in Palas Iasi, with this being the first location under this concept outside Bucharest.
DIGI’s Portugal subsidiary has signed a contract with Vodafone Portugal for spectrum use and access to the optical fiber network owned by Vodafone.
Romania’s national grid company Transelectrica has obtained an over EUR56 million non-reimbursable funding, via the REPowerEU component of PNRR, for three investment projects envisaging the retooling of the electricity transmission network, with two of them being aimed at the SMART and Teletrans subsidiaries.
Polish group Amrest will keep Starbucks franchise for the Romanian market for another five years, namely until 2028. The agreement between the sides has been recently extended after the initial deal expired in October 2023.
Bucharest Stock Exchange recorded a new all-time high for its main index, BET, which gained 1.36% and overshot the 15,000-point mark for the first time ever, as all its 20 shares ended the session higher.
Giovanni Luca Soma, the chairman of the Board of Directors of BRD-SocGen (BRD.RO), the third largest bank in Romania, has decided to withdraw from this position and from the Board of Directors, the lender announced in a report to the Bucharest Stock Exchange.
HCLTech, a leading global technology company, has announced the launch of its new Global Delivery Center (GDC) in Romania, in the eastern city of Iasi.
International law firm CMS has advised L&C Properties, part of M Core, one of the UK’s largest, privately held commercial property collectives with combined assets in excess of EUR6 billion, on its entry into the Romanian market with its largest deal to date: the acquisition of 25 retail parks, an investment nearing EUR219 million.
Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, announced in a stock market report on Friday (Dec 8) the signing of the Business Transfer Agreement from UCM Resita (UCMR), specialized in manufacturing and trading of hydro aggregates and ancillary equipment, as well as in providing maintenance services and specialized technical assistance in the energy sector.
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclusions about our country that the efforts so far are not quite sufficient.
The Council of Europe Development Bank (CEB) and Patria Credit IFN, a non-banking financial institution part of Patria Bank Group, have signed a EUR10 million loan, supported by the InvestEU guarantee program, promoting small farmers and rural businesses, as well as facilitating Patria Credit IFN SA’s digitalization.
MEPs and the Spanish Presidency of the Council informally agreed on Thursday on plans to help reduce energy consumption and greenhouse-gas emissions from the buildings sector.
59% of Romanian respondents prefer to shop in physical stores (vs. 50% in the Czech Republic) and free delivery is a benefit that would convince 63% of Romanian respondents to make a purchase online. Next day delivery is also an important benefit for Romanians (37%) and Poles (28%), a study reveals.20647 items