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Accor, a leading global hospitality group, announces the signing of a franchise agreement with local partner Grand Hotel West for the opening of a new Mercure hotel, in Romania's northwestern city of Oradea, in 2026.
Global law firm Dentons has advised CEC Bank on raising over EUR162 million through a tap of its February 2028 senior non-preferred MREL (Minimum Requirement for Own Funds and Eligible Liabilities) Eligible Notes, issued in February 2023.
Fitness center chain World Class is expanding with a new 2, 600-sqm unit within the One Cotroceni Park project in capital Bucharest, developed by One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania.
Prysmian Romania, one of the leading cable manufacturers in the country and in Europe, has appointed Daniela Burca as Chief Operating Officer of the company.
UK’s M&G Investments based in London (Municipal & General Securities Company) became a Hidroelectrica (H2O.RO) shareholder as a result of the initial public offering of the electricity generation company on the Bucharest Stock Exchange in the summer, ZF has found.
The European Bank for Reconstruction and Development (EBRD) is providing an additional EUR15 million in financing to the city of Timisoara to co-finance, alongside the European Union (EU), the city’s urban infrastructure.
The economic situation of companies with German capital in Romania has deteriorated this autumn, and most of them are also pessimistic about the future, according to the results of a survey carried out by the Romanian-German Chamber of Commerce and Industry (AHK Romania) in October 2023
Side Grup, the main wholesaler of cleaning and hygiene products locally, has leased almost 6,000 square meters of logistic spaces and offices in MLP Bucharest West park developed by Polish group MLP in western Bucharest.
Restart Energy One, a major independent electricity supplier, has completed the construction and installation of two photovoltaic power generation systems for Moldova Farming, in a total investment of around EUR300,000.
Nuclear power producer Nuclearelectrica (SNN.RO) has notified shareholders that on November 16, 2023, it bought some EUR45 million of CEC Bank bonds. The annual yield is 7.75%, it said in a report to the Bucharest Stock Exchange.
IKEA Romania, one of the largest furniture and home decor retailers in the market, posted 14.1% growth in sales to more than RON1.2 billion in the fiscal 2023, after having sold more than 22 million products through all its stores.
ProCredit Bank Romania has lent EUR3.15 million to nextE group for the construction of a photovoltaic station with an installed power of 7.4 MWp in Bistrita Nasaud county.
The passenger car output of Romania’s two car plants, Dacia and Ford, went up by 14.48% in October year-on-year, to a total of 49,230 units, in line with data provided by the country’s carmakers association ACAROM.
Estonian-held Bolt, providing in Romania ride-hailing services, plus an electrical scooter maintenance services and food order app including an online mini-supermarket, has expanded its activity to Satu Mare as well, announced the company’s representatives.
Paint producer Evolor, part of ROCA Industry portfolio, plans to expand to other countries in the region after having starting exporting to the Republic of Moldova this year, according to its CEO, Bogdan Pirvu.
Shipbuilder Santierul Naval Orsova (SNO.RO) has informed the local stock market on Thursday (Nov 16) that it was notified that Infinity Capital Investments (SIF5.RO), formerly known as SIF Oltenia, had disposed of its 28% ownership stake in the shipbuilder.
Holcim Romania, one of the largest producers of construction materials in Romania, has completed an investment of over EUR15 million to increase by nearly 45% the production capacity at its autoclaved cellular concrete (ACC) plant from Adjud (Vrancea County).
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.19075 items