Romania's Finance Ministry has raised RON1.2 billion from banks on Monday (July 8), selling government paper at an annual average yield of 6.06%.
Romania's Competition Council has approved the transaction whereby the OTTO Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends to take over a portfolio of performing and non-performing receivables from BRD Finance IFN S.A.
More than 77,200 houses and apartments were sold in Romania in the first six months of 2024, an increase of 16%, while the increase in Bucharest was 25%, real estate consultant SVN Romania said in a report based on official statistics.
In 2023, Romania saw a record level of financing obtained from the European Investment Bank (EIB) Group, with a total of financial commitments worth EUR4.1 billion, the highest level so far, according to data cited by Mihai Precup, director within the Board of Directors and Romania’s representative at the EIB.
Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to 0.5% from 0.1% estimated in the May report.
The BVB Arena Nominations Committee has selected 50 semi-finalists out of the 409 companies nominated on the platform www.bvbarena.ro.
Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra.
Cheile Gradistei tourism and sports complex ended 2023 with RON54 million revenue, Finance Ministry data show, its highest ever.
Germany’s BWM Group bought about EUR2.3 billion worth of parts – steering wheels, tires and loading systems, from direct suppliers in Romania last year, which, together with the rising sales of cars and motorcycles, is a solid base for the group’s ambition to develop an IT and software hub in Romania.
The net assets of the 248 open-end and closed-end mutual funds, both local and foreign, available in Romania, increased by 3.3% to RON44.6 billion in May and by 12.2% since the beginning of the year.