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The shareholders of electricity supplier and distributor Electrica (stock symbol: EL) approved the provision of a guarantee for a term loan of up to EUR200 million that Electrica's subsidiary, Distributie Energie Electrica Romania S.A. (DEER), plans to contract from the European Investment Bank (EIB), the company has announced in a press statement.
The company Unirii View S.R.L., part of Weerts Group and the developer of Bucharest-based office building Unirii View Tower, has accessed a credit facility of EUR29.5 million granted by lender Banca Comerciala Romana (BCR).
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has concluded a partnership with Cris-Tim Group through which the latter will see its own fleet expanding by more than 500 cars, both vehicles and utility vehicles.
PartnerVet, the main player in developing local veterinary services, announces the integration of Bucharest-based SpeedVet clinic into its network of partner veterinary clinics.
The company Retele Electrice Romania, part Of PPC Group in Romania, has launched a RON23 million public tender, through the SEAP platform, aiming to acquire remote control peripheral units for medium and low voltage networks, in order to maintain the energy infrastructure at modern standards.
Private healthcare network MedLife has announced in a press statement on Dec. 12 the official opening of MedLife Medici’s Hospital, a multidisciplinary unit that brings private medicine to a new level of performance.
The average net salary in Romania inched 0.8% higher in nominal terms in October 2024 compared to September 2024, to 5,268 (EUR1,059), data from the country's statistics board INS showed on Thursday (Dec. 12, 2024).
French real estate group Catinvest is expanding its footprint in Oltenia with the opening of Aparthotel Craiova, a EUR12 million investment in ElectroPutere Parc, owned and managed by the company.
Romanian startup Parol, which is developing an end-to-end technology that helps doctors and medical clinics provide better care to patients, saving time by taking over some of the administrative tasks, has raised an overall EUR1.2 million funding.
OVES Enterprise, a software producer of Cluj-Napoca, expects 2024 consolidated turnover of around EUR20 million, almost double against 2023.
Footwear retailer Benvenuti, majority controlled by local entrepreneur Dan Pavel, expects to end the current year with turnover of around RON200 million (approximately EUR40 million), up from 2023, when it generated turnover of almost RON178.5 million (over EUR36 million).
PartnerVet, a business founded by Ioan Masca, but which has also attracted major investors such as Ferenc Korponay and Sacha Dragic in its shareholding structure, plans to reach 40 veterinary clinics in the next four years.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has announced that Leroy Merlin Romania, one of the leading players in the local do-it-yourself (DIY) market, has leased 8,800 square meters within CTPark Bucharest West.
Bacau-based Agricultorul, a grain and fertilizer trader, ended 2023 with a turnover of RON635.3 million (EUR128.4 million), up 19.1% from RON533.4 million (EUR108.1 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
Starting from December 11, 2024, DIGI is expanding its commercial operations in Europe and launching fiber-optic broadband internet, as well as mobile voice and data services in Belgium, according to a press statement.
Patria Credit IFN SA, a non-bank financial institution part of Patria Bank Group, has announced on Dec. 11 that it has signed an agreement with the European Investment Fund (EIF), via the InvestEU program, for loan guarantees of RON290 million.
Net investment in Romania's economy increased by 2.6% on the year in the first nine months of 2024, to RON130.953 billion, the country's statistics office INS has announced on Wednesday (Dec. 11), citing provisional data.
Romania's Competition Council is looking into the transactions through which Vodafone Romania S.A. intends to take over Telekom Romania Mobile Communications S.A., and Digi Romania S.A. will acquire certain assets of the same company.
A total of 42,312 housing units were put into use in Romania in January-November 2024, fewer by 7,681 units than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Dec. 11).
Romania's annual inflation climbed to 5.1% in November 2024, compared with 4.7% in October 2024, data from the country's statistics board INS showed on Wednesday (Dec. 11).18957 items