Garanti BBVA Romania has obtained a EUR10 million subordinated loan from The Black Sea Trade and Development Bank (BSTDB), with the funds set to be used inclusively to expand its local loan portfolio.
Deloitte Romania has assisted investment fund Accession Capital Partners (ACP) Credit, part of ACP Group, in granting EUR10 million funding to Mogo Romania, a company specializing in financing used vehicles and part of Latvian fintech Eleving Group.
Romanians in the first four months of 2024 paid taxes worth over EUR250 million via SelfPay self-service payment terminals, for natural and legal persons, with 1.5 million deals of this type registered.
Uniqa Asigurari and Uniqa Asigurari de Viata, companies operating in Romania under the umbrella of Austrian group Uniqa, ended the first three months of 2024 with an overall EUR35.3 million volume of gross underwritten premiums, 14.5% higher than in the year-earlier period.
CTP, the largest owner and developer of logistic and industrial spaces by gross leasable area (GLA) in Europe, has acquired from Globalworth, the main office investor in CEE, an industrial portfolio of 270,000 square meters GLA and 30 hectares of land in six key locations of Romania.
DN Agrar Group, Romania’s largest integrated livestock farm, in the first quarter of 2024 posted RON40 million turnover, down 9%, and RON8 million net profit, 5% lower than in the year-earlier period amid 25% cheaper milk.
Cooling systems producer RAAL Bistrita, with clients such as John Deere, Class and AGCO, for 2023 reported turnover worth RON383 million (EUR77.4 million), down 1.6% from the previous year, in line with ZF calculations based on Finance Ministry data.
Bacau-based Agricultorul, a grain and fertilizer trader, has a RON13 million investment budget for 2024, with the largest project envisaging the setting up of a logistics platform in Onesti.
The officials of Italian group Artsana, which manufactured children’s apparel in Botosani under brands such as Chicco and Prenatal, have announced they started the local plant sale process.
German retailer Kaufland, present in Romania with around 180 hypermarkets, invested RON1.35 billion (EUR275 million) in Romania in 2023, relatively flat from the level reported in each of the past years.