Japanese rating agency Japan Credit Rating Agency Ltd. (JCR) on Friday announced it reaffirmed Romania’s foreign currency long-term issuer rating at BBB and the local currency long-term issuer rating at BBB+. It also improved the rating outlook from negative to stable.
Real estate developer STC Partners has finalized delivery of residential project Quartier Azuga in Bucharest, a 236-apartment complex almost 90% sold. The second phase has received the necessary papers upon completion of the work and the buyers are now getting their units, following delivery of the first phase at the end of 2024.
State-run Hidroelectrica (H2O.RO), the largest electricity generation company in Romania, has called shareholders for an ordinary general meeting on April 28, when they are to vote on the distribution of RON3.3 billion dividends, it said in a report to the Bucharest Stock exchange.
Sphera Franchise Group, the operator of KFC, Pizza Hut and Taco Bell, has for 2026 budgeted the opening of 21 new restaurants on the markets it is present in.