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Romania's Finance Ministry raised RON512.6 million from banks on Monday (April 15, 2024), selling benchmark bonds, above the planned value of RON400 million, due in April 2028, at an annual average yield of 6.25%.
Meat processor Angst Ro, held by the Minea family, has gone insolvent, data on the Bucharest Court of Law website show.
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised UK-based PIB Group Europa, backed by global private equity firms Apax Funds and The Carlyle Group, in relation to the acquisition of Stein Bestasig Insurance Broker, which marks the debut of the UK-based company on the Romanian insurance market.
Dr. Max Romania Group, which consists of pharmaceutical distributor Mediplus and Dr. Max pharmacy network, reached a consolidated turnover of RON8.7 billion in 2023, up 31% compared to 2022.
Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with Mytilineos Energy & Metals to develop and build a portfolio of almost 90 photovoltaic projects of up to 2,000 MW in Romania, Italy, Bulgaria and Croatia.
Law firm Filip & Company granted legal assistance for four significant shareholders in One United Properties, namely co-founders Andrei Diaconescu (via OA Liviu Holding Invest) and Victor Capitanu (via Vinci VER Holding), chairman of the board of directors Claudio Cisullo (via CC Trust Group AG) and board of directors members Marius Diaconu (via Altius S.A.), in the sale of 234,205,285 company shares to local and international institutional investors.
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is expanding its foothold with a first own offline store, set to be opened in downtown Bucharest, in Icoanei area.
Czech group Packeta, which operates the delivery platform of the same name, plans to invest EUR5 million in Romania this year, banking on the development of new partnerships and logistic development, explained Alexandr Jeleascov, Packeta CEO for Romania, Bulgaria, Greece, Italy and Turkey.
Real estate developer One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential, office and mixed-use projects in Romania, announced after the end of trading session on the Bucharest Stock Exchange on Friday it had closed its accelerated private placement offering, which the company initially said was intended to sell 360 million shares.
Romanian businessman Ferenc Korporany, best known for selling the Maravet business to an American giant, has bought Hungary's WAF Kft, a company operating in the animal products industry.
A new issue of Tezaur Treasury bills will become available on Monday, April 15, Romania’s finance ministry announced on Friday.
Romania's current account balance posted a deficit of EUR2.7 billion in January-February 2024, 25% higher than in the year-ago period, central bank data showed on Friday (April 12, 2024).
Real estate developer One United Properties, controlled by Andrei Diaconescu and Victor Capitanu, will carry out an accelerated private placement for the sale of a stake of 360 million shares accounting for 9.5% in the company’s capital.
ROCA X Venture Capital in the first quarter of 2024 exited the shareholding structure of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions that has been taken over by US company PDQ.
The average net salary in Romania increased by 14.2% in February 2024 compared with February 2023 to RON4,876, data from the country’s statistics board INS showed on Friday, April 12, 2024.
Romania’s industrial production was 1.8% smaller in the first two months of 2024 against the same period of 2023 due to declines in all the three major industrial sectors, data from the country’s statistics board INS showed on Friday, April 12, 2024.
Germany’s Stada, which is building a drug plant in Turda, Cluj county, will manufacture the first drug box this October in the new unit.
Uniprest Instal, a wholesaler of heating installations controlled by Dutch group Rensa, in 2023 reported turnover worth RON278.7 million (EUR56.3 million), slightly up, by around 1%, from the previous year, in line with ZF calculations based on Finance Ministry data.
Six months after entering Romania, Ukrainian retailer Aurora has reached 10 stores, all in the area of Moldavia, and is continuing expansion in the same region.
Power Net Consulting, a company specialized in providing IT security, digitalization and IT infrastructure solutions, saw its turnover surge almost 300% in 2023, reporting again, after 13 years, a turnover of over RON70 million, as per data from the company's balance sheet available on the finance ministry website.19029 items