The volume of construction works in Romania increased, in unadjusted data, by 9.3% in September 2023 compared to September 2022 and was up 10.3% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Tuesday (Nov 21).
Telekom Romania Mobile, part of Greece’s OTE Group, on Tuesday morning surprisingly confirmed that it was in talks to sell to local entrepreneur Adrian Tomsa, owner of Clever Media Network (CMN).
Plastic packaging maker Romcarbon (ROCE.RO) has signed with the Ministry of Education a financing contract related to the de minimis aid, in the amount of RON50,000, as a partner in the project “Pre-University and University Excellence Centre for Dual – Technical Education Buzau”.
INVL Renewable Energy Fund I, a fund that invests in renewable energy projects and is managed by INVL Asset Management, has signed an agreement with Kommunalkredit Austria AG for a EUR25 million loan.
Turkey’s Jimmy Key, with an over 30-year experience in womenswear, will open its second store of Romania on December 8 in Bucharest’s AFI Cotroceni shopping center developed by AFI Europe.
The Bucharest Stock Exchange (BVB) was the only stock exchange in Europe with a globally significant IPO: Hidroelectrica’s $2 billion offer placed BVB in the 4th place in the global ranking according to the value of an initial public offering registered in the first 3 quarters this year, reads a BVB press release.
Autonom group, founded by brothers Marius and Dan Stefan, has launched a new ride hailing service on Bucharest market, called Blue, in the wake of a EUR5 million total investment.
Moov Leasing, a digital mobility platform founded by Bogdan Speteanu, former CEO of BCR Leasing, and Mircea Dihel, former CEO of Tiriac Leasing, has reached a EUR10 million valuation after founders of International Alexander Holding also entered its shareholding structure.
Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-October 2023, with a volume of 122,104 units, up 15.4% from the year-earlier period, of which 12,88 units were full electric ones and 36,703 hybrid ones, in line with data provided by Romania’s and Europe’s carmaker associations ACAROM and ACEA.
Private healthcare provider MedLife wants to extend by EUR50 million the credit limit of a EUR228 million syndicated loan contracted in December 2022.
Domeniile Boieru, a winemaker of Cimbrud, Alba county controlled by Florin Danoaie and Raul Ciurtin, in 2022 registered RON9.7 million turnover, up over 50% from 2021, and a 60-wine portfolio.