Corrugated cardboard maker Vrancart (VNC.RO) has contracted a credit facility of EUR21.4 million from ING Bank to support the company's growth.
Romanian manufacturer of polystyrene and dry mortar VeroTherm intends to inaugurate its first logistics center outside the country, in the United Kingdom, aiming to expand the company's operations into foreign markets.
The European Commission forecasts, in its autumn economic report for Romania, that the real GDP growth is expected to slow to 2.2% in 2023 due to high inflation limiting disposable income, restrictive financial conditions, and reduced external demand, before gradually accelerating during the forecast period.
The Bucharest Stock Exchange (BVB) and the Romanian Association for Investor Relations (ARIR) have launched the first Non-Fungible Token (NFT) on the Romanian capital market in the form of digital art, to celebrate five years since ARIR was created as a promoter of best practice in investor communication.