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Romania's finance ministry raised almost RON8 billion on Thursday (January 26, 2023) through two government bond issues, at annual average yields of 7.39% and 7.10%.
Wizz Air has announced new routes from Romania’s capital city Bucharest to Luxembourg and Skiathos, and from the country’s western city of Timisoara to Zakynthos.
The year 2023 will probably be a period of rebalancing on the real estate investment segment, after the record highs in 2022, and the logistics and industrial segment remains one of the most dynamic real estate sectors, according to consultants of real estate consulting firm Colliers.
The Bucharest Stock Exchange has announced that the shares of Safetech Innovations, a company present on the capital market since 2021, will start trading on the Main Market on Monday (Feb 6, 2023), following the transfer from the AeRO market, the equity segment of the Bucharest Stock Exchange’s Multilateral Trading System.
eduKiwi, an online course platform launched by digital marketing agency Kiwi based in Romania's western city of Timisoara, reported a turnover of EUR5.71 million in 2022, up over 320% year-over-year, company representatives said in a statement.
Exonia Holding, a group that includes the biodegradable paper packaging manufacturer by the same name, plans to list on AeRO market of the Bucharest Stock Exchange, following a private placement in September and October this year, says founder and CEO Tiberiu Stoian.
Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) and the Association for the Development of Local Entrepreneurship (ADAA) concluded a collaboration protocol to mutually promote their programs and projects in support of SMEs, entrepreneurs and the entire business environment.
8 Romanians out of 10 would change their job for higher incomes and better development opportunities, according to a study carried out by Boston Consulting Group, one of the world's largest business consultants, and The Network, supported in Romania by BestJobs, partner of The Network for 12 years.
Wolf Theiss acted as legal advisor to Raiffeisen Bank International AG (RBI) and its subsidiaries in CEE in nine Debt Capital Markets trades in three jurisdictions, Austria, Romania and Hungary, in the second half of 2022, with a total issue volume of over EUR 2.5 billion.
Over half of Romanian employees (59%) are worried about the impact of economic uncertainty on their job security, according to the twentieth edition of Randstad Workmonitor.
Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.0636 units to the euro in the next 12 months, while the annual inflation is seen averaging 10.27% during the same period.
The EBRD provided EUR709 million of investments in 32 operations in Romania in 2022, as part of a record EUR13.1 billion at reported rates delivered across the Bank’s regions in 2022.
The biggest number of mergers and acquisitions of 2022 were clinched in the real estate field, with almost 60 of the 157 deals of above EUR5 million reported coming from this area, with a value of over EUR1.7 billion of the estimated market total of EUR6.5-7.5 billion (26%), reveals a Deloitte Romania analysis.
Law firm Schoenherr si Asociatii SCA assisted Nofar Energy with the acquisition of a 73 MW photovoltaic park in Slobozia.
Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, in 2022 generated turnover worth around RON686.4 million (EUR139.5 million) at group level, up 22% from the previous year, in line with ZF calculations based on company data.
Building materials manufacturer TeraPlast, controlled by Dorel Goia, is investing around EUR15 million in a new factory and a photovoltaic plant this year.
Fashion retailer LPP, owner of five well-known brands such as Reserved, House, Mohito, Cropp and Sinsay, has leased 65,000 square meters of warehouse space in CTPark Bucharest West, the largest logistics park in Central and Eastern Europe serving regional markets.
Dumagas, one of the largest freight forwarders in Romania, controlled by the Bancroft private equity firm, ended last year with EUR37 million in revenue and in the black, after making a loss the previous year, its officials say. This year’s revenue estimate is EUR40 million.
Online shop Complice.ro, which specializes in selling experience-based gifts, managed to exceed its revenue target last year, posting EUR430,000 sales, an increase of 168% on 2021.
The European Central Bank (ECB) has signed a Memorandum of Understanding (MoU) with national competent authorities of six EU Member States not part of European banking supervision, Romania’s National Bank announced on Wednesday (Jan 25).19491 items