ING Bank provided Digi Romania and Digi Communications, the parent company of the telecom operator, a EUR150 million funding for three years from the first use, which the group will put toward redeeming its EUR450 million bonds due in 2025.
Modern industrial and logistics space in Romania reached 7.1 million square meters in 2023, making the country the third biggest I&L market of the 13 largest economies in Central and Eastern Europe and developers have more than 500,000 square meters of modern space under construction, real estate consultant Colliers says in a report.
The European Bank for Reconstruction and Development (EBRD) has slightly cut its stake in Banca Transilvania, the largest bank in Romania, via the sale of 13.7 million shares in an accelerated bookbuild placement on the Bucharest Stock Exchange.
Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while the inflation rate will average 5.45%, down from 5.73% in the previous survey.
The number of jobs employers put on the market in the first half of 2024 topped 150,000, of which almost 40,000 came from the part of retail companies, which continue to have the biggest personnel need in Romania.
Romania’s five largest grain farmers by turnover generated RON3.5 billion in 2023, 15% less than in 2022, and their total net profit dropped 2.5 times, in line with ZF calculations based on public data.
The four-star International Hotel in Sinaia, one of the largest in the mountain resort, with a capacity of 180 rooms, ended last year with RON41.5 million revenue, up 10% on the previous year, Finance Ministry data show.
Staer International, the company that owns furniture stores under the Staer brand, ended 2023 with about RON80.6 million (EUR16.3 million) revenue, 4% lower than the previous year’s RON84 million (EUR17 million), according to ZF calculations based on Finance Ministry data.
The eight large energy companies included in the main index of the Bucharest Stock Exchange, BET, have a market capitalization of RON153 billion and about RON24 billion in cash and cash equivalents or 6.5%, ZF has calculated.
The European Commission published the 2024 Convergence Report on Wednesday in which it provides its assessment of the progress non-euro area member states have made towards adopting the euro. According to this report, Romania does not meet the requirements.
Telekom Romania Mobile, ranking fourth on the local mobile telephony market, a company owned by groups OTE (Greece) and Deutsche Telekom (Germany), has become an exclusive telecommunications partner for Neversea, securing mobile internet and voice during the event.
Natural gas producer and supplier Romgaz, a state-owned company, on June 25 made a term deposit worth RON200 million with Exim Banca Romaneasca.