Electricity supplier and distributor Electrica (EL.RO) announced in a stock market report on August 2 that its subsidiary Distributie Energie Electrica Romania (DEER) attracted an additional EUR200 million in non-reimbursable financing through the Modernization Fund.
Sphera Franchise Group (SFG.RO), the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, continues the development of its restaurant portfolio with the opening of the first KFC Drive Thru restaurant in the city of Craiova, where the company already has three units.
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, announced in a press statement on August 2 that it would be listing its shares on the Multilateral Trading System (the AeRO market) of the Bucharest Stock Exchange, starting Tuesday (August 6).
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the start of construction for the Mondrian Hotel in Bucharest, marking a significant milestone in the development of Romania's first lifestyle hotel under the internationally acclaimed brand Mondrian.
Law firm Filip & Company granted legal assistance to Simtel Team, a Romanian engineering and tech firm, with regard to the transfer of its shares to the main market of the Bucharest Stock Exchange.
Distribution company Delgaz Grid, part of the E.ON group in Romania, signed four new financing contracts worth a total of RON932 million for projects aimed at modernizing and developing the distribution system of electricity in the region of Moldavia where the company operates an electricity distribution network in the counties of Bacau, Iasi, Neamt, Vaslui, Botosani and Suceava counties.
BCR Group, which includes the second largest bank on the local market, in the first half of 2024 generated net profit worth RON1.31 billion (EUR264 million), up 18.3% from the H1/2023 gain amid rising lending and revenues.
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 1.1% in June 2024 compared to June 2023, data from Romania’s National Statistics Institute INS showed on Friday (August 2, 2024).
Telecom operator Dgi, controlled by entrepreneur Zoltan Teszari, has signed a EUR150 million purchase agreement with Britain’s Lorca JVCO for Nowo Communications, the fourth largest telecom operator in Portugal, with 270,000 mobile telephony clients and 130,000 fixed telecom ones.
he Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of the PPC Group in Romania) have signed three new non-reimbursable financing contracts through the Modernization Fund, for projects targeting the electricity distribution infrastructure in Ilfov, Calarasi and Arad counties.