A team of lawyers from the Bucharest and London offices of law firm Clifford Chance advised BT Capital Partners, Banca Comerciala Romana, Raiffeisen Bank and Alpha Bank Romania in the transaction whereby Banca Transilvania successfully completed its first leu-denominated sustainable bond issue, raising RON1.5 billion.
French group Carrefour, which has been seeking its direction and implicitly a sustainable business model on a steadily changing retail market for some time, is contemplating exiting Central and Eastern Europe, including Romania, several market sources told ZF.
Rents were flat in June nationwide against May, but went up by 5% on average from June 2024, with a 9% plus in Bucharest, in line with data provided by Storia, the real estate platform launched by OLX.
Moneycorp, one of the largest companies specializing in international payment and foreign exchange services, has decided to exit the Romanian market.
Transylvania Invest, a major Romanian-held grain trader, founded by Sergiu Gorban, has entered an arrangement with creditors as part of a restructuring plan meant to stabilize the company amid a challenging economic context.
Stonevault, a Baia Mare-based producer of sofa springs, ended 2024 with a turnover of roughly RON174.6 million (EUR35 million), up 3.1% from a turnover of RON169.2 million (EUR34.2 million) reported in 2023, in line with calculations by Ziarul Financiar (ZF) daily based on existing data on the finance ministry website.
Electro Sistem, a manufacturer and supplier of electricity control and distribution equipment based in Baia Mare and held by entrepreneurs Stefan Blasko and Roland Kerekes, posted RON179.4 million (EUR36 million) revenue in 2024, almost the same as in 2023, when its revenue stood at RON179.5 million (EUR36.3 million), according to Finance Ministry data.