Favorable economic factors, such as inflation stabilization, interest rate cuts and real income growth, are aiding real estate sector consolidation as a vital pillar of the continental economy, points out an analysis drawn up by Cushman & Wakefield Echinox.
Building materials producer TeraPlast has granted an EUR7.56 million loan to Polytech Industrie subsidiary, with a 1.3% interest plus 3-month Euribor (around 2.7%). The maximum repayment term is December 31, 2029.
Romania’s national grid company Transelectrica has completed a project for the implementation of a metering and management system for electricity measurement data on the wholesale market, part of a broader investment in grid digitalization, funded with EUR88.8 million via the Modernization Fund.
Law firm Filip & Company legally assisted Credit Europe Bank Romania in the cross-border merger through absorption with the parent company, Credit Europe Bank N.V. of Netherlands.
Timisoara-based fuel retailer Artoil, controlled by entrepreneurs Alexandra and Alex Bunceanu, estimates it ended 2024 with turnover of around RON1.18 billion (EUR237 million), down 2% from 2023.
Constructii Erbasu, a company owned by Erbasu family, estimates it will reach RON2.5 billion turnover this year.