Romania's finance ministry has announced that it will carry out a new issue of Fidelis government bonds for retail investors between March 7 and 14, 2025.
Monsson, one of the largest developers of wind and solar projects in Romania, is to build a factory that makes and assembles components for the renewable energy industry near the former Petrila Mine this year.
Romania's Finance Ministry raised RON500 million from banks on Thursday (Feb.27), selling government paper due in 2035 at annual average yields of 7.33%.
Romania’s general consolidated budget posted a deficit of RON11 billion in January 2025, or 0.58% of the gross domestic product (GDP), compared with a deficit of RON7.89 billion, or 0.45% of GDP, reported in January 2024, Finance Ministry data show on Thursday (Feb. 27).
Garanti BBVA granted a EUR7.5 million loan to Dej-based MG Tec Industry SRL, the leading Romanian producer of tissue paper.
iBanFirst’s Bucharest office last year processed a volume of EUR1.4 billion in international payments, thus marking a 72% revenue increase.
Romanian electronic device maker Visual Fan, which owns Allview brand, for 2024 reported RON131 million consolidated turnover, RON2 million lower than in the previous year, but net profit climbed to RON11 million from RON6.6 million.
The Bucharest Stock Exchange (BVB), the operator of Romania capital market, for 2024 reported RON77 million consolidated operating revenues, down 7% from the previous year, and RON10.65 million net profit, 60% lower.
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a preliminary turnover of RON1.4 billion for 2024, 7% lower than in 2023, and net profit of RON381 million, down 15% year-on-year.
Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the European Bank for Reconstruction and Development (EBRD) in its latest report.
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is seeking an investor to aid it step up direct development of the business in Europe.