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Romania's finance ministry raised RON881 million on Thursday (May 19), above the planned level of RON300 million, selling bonds maturing in 2029, at an annual average yield of 8.12%.
United Romanian Breweries Bereprod (URBB), a brewer whose portfolio includes brands such as Tuborg, Carlsberg and SKOL, has contracted a loan of over EUR20 million from ING Bank Romania, which will be used to refund existing loans and new sustainable projects.
Cyscale, software developer of data protection solutions and applications in the cloud, has obtained a EUR3 million SEED funding which will be used to grow the team, the products and to develop internationally, especially in the UK market.
Romanian software development company Softbinator Technologies (CODE.RO) has leased a permanent space in the U.S., in Silicon Valley, which will serve as its office on the American market.
Electronics retailer Flanco, the second largest player on this market in Romania, on Thursday said Laura Simion has taken over as head of its logistics division, starting May 2022.
ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, has completed the acquisition of a 70% stake in Eco Euro Doors (EED).
The Bacolux chain, held by Marius and Razvan Bazavan brothers, which includes the Diana and Afrodita hotels in Baile Herculane, will be opening the four-star Bacolux Koralio hotel in Eforie Nord seaside resort at the beginning of June 2022. The investment in the new hotel exceeded EUR7 million.
TeraPlast Group has received the financing agreement through the state aid scheme for an investment of EUR11.2 million in a stretch film production facility.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 5.62% a year on Thursday (May 19) from 5.57% a year on Wednesday (May 18), as per central bank data.
Hotel group Accor, a major player on Romania’s hotel market, is expanding its portfolio with a new Mercure hotel in Cozieni, Ilfov county.
MedLife Solomed Pitesti is likely to reach turnover worth around EUR3 million this year, 20% higher than last year’s, with the main investment project for 2022 envisaging the completion of a hyper-clinic worth around EUR2 million.
Hidroplasto, a Botosani-based company that owns a plant producing construction items from PVC waste, wants to build another plant and aims to reach EUR3 million turnover this year.
Zentiva (SCD.RO) the largest pharmaceutical producer with facilities of its own in Romania, ended the first quarter of 2022 with growth of 7% in revenue to RON169.2 million, compared with the same time last year, the company said in its report with the Bucharest Stock Exchange.
The most sought-after positions, in terms of both jobs and reviews, on the Undelucram.ro platform are in the sectors of IT, retail, BPO, banking and Human Resources, according to Undelucram.ro data, the largest online community of employees in Romania.
SIF SPV TWO, a company of the SIF Banat-Crisana (SIF1.RO) Group, on Wednesday bought the site of the „Tutunul romanesc” plant in Bucharest. The previous site owner was Interagro SA, a company under reorganization, and SIF SPV TWO bought it at an auction held by insolvency specialist CITR, for EUR33.5 million.
SIF Hoteluri (CAOR.RO), a company almost entirely held by regional investment fund SIF Banat-Crisana (SIF1.RO), on Wednesday reported a net loss of almost RON760,000 for the first three months of 2022, as compared to a net profit of RON4.6 million in the first quarter of 2021.
The residential sales market is expected to go through a period of stagnation and correction, as harsher lending conditions, inflation and rising construction costs will change consumption consumer bahavior and moderate major acquisitions, according to JLL analysts.
French real estate group Catinvest has completed the second phase of the Electroputere Parc development and it will soon finalize expansion works on the Electroputere Mall which will enable the opening of new stores, restaurants and a playground.
Real estate company One United Properties, which develops residential, mixed-use and office real estate in Romania, on Wednesday said the One Herastrau Office office building has reached an occupancy rate of 100%.19043 items