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Romania's finance ministry raised RON1.7 billion on Thursday (August 4) from banks via two government paper auctions at annual average yields of 8.36% and 7.97%.
Over EUR2.5 billion will be available to companies in Romania in the coming months for investments in development, retrofitting, digitization, recycling or investments in increasing energy efficiency, as per an analysis by REI, one of the largest groups of companies specializing in attracting non-reimbursable financing from European funds and state aid for companies in Romania.
Bittnet (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock Exchange, has consolidated its entire cybersecurity activity under the same identity - FORT, a company aiming to be listed on the AeRO market of the Bucharest Stock Exchange.
Law firm Filip & Company has provided legal advice to One United Properties (ONE.RO), one of the largest real estate developers in Romania, in relation to the share capital increase process whereby One United raised RON253.7 million (EUR51.5 million) from investors.
Law firm Dentons provided legal assistance to Romanian natural gas producer and supplier Romgaz (SNG.RO) for the completion of the acquisition of the 50% ownership stake held by US ExxonMobil Exploration and Production Romania Limited (EMEPRL) in the Neptun Deep offshore block in the Black Sea.
Watching TV and movies at home remains the favourite leisure activity for consumers of all ages, according to the latest edition of the Deloitte Digital Media Trends report, especially among Baby Boomers (40%) and Gen Xs (27%), followed by Millennials (20%).
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has grown to 8.11% a year on Thursday (August 4) from 8.05% level on Wednesday (August 3), as per central bank data.
Real estate deals sealed on the Romanian market hit EUR323 million in the first half of this year, up 6% from the year-earlier period, with 14 contracts of an average EUR23 million value being signed, reveals Romania Real Estate Market Outlook 2022 report launched by CBRE Romania.
MedLife, the main player on Romania’s private healthcare market, has acquired 60% in Brasov-based ophthalmological diagnosis and surgery clinic Opticristal, with over EUR1 million turnover in 2021.
Construction material wholesaler Temad Brasov has budgeted 17% turnover growth in 2022 on the year, to RON260 million.
Ciprian Rosca, commercial manager of Cramele Recas group, says the wine producer considers acquiring a smaller winery for development.
Private labels developed by retailers, ever more present on shelves in recent years, are likely to “steal” sales of EUR1-2 billion from major brands in 2022, as Romanians are ever more parsimonious, in line with ZF estimates based on market data.
One United Properties (ONE.RO), one of the largest real estate developers in Romania, announced the closing of the share capital increase operation on Wednesday (August 3) and raising RON253.7 million (EUR51.5 million) from investors.
Chimcomplex (CRC.RO), Romania's largest chemical plant with industrial sites in Onesti and Ramnicu Valcea, on Wednesday (August 1) informed investors that it would temporarily halt the production activity at the industrial platform in Ramnicu Valcea, as per a stock market report.
Alina Popa has been appointed Country Manager of Coface Romania, effective August 1, 2022.
Real estate developer Hagag Development Europe has been authorized to start consolidation and renovation works on the Stirbey Palace, a historical monument in downtown Bucharest, where Hagag will develop its first retail project, H Stirbey Palace.
Real estate developer Hagag Development Europe has received the permit needed to start consolidation and renovation works on the Stirbey Palace, a historical monument in downtown Bucharest, where Hagag will develop its first retail project, H Stirbey Palace.
Wine producer Purcari (WINE.RO) in a stock market report on Wednesday (Aug 3) announced the installation of a photovoltaic system, on the rooftop of Purcari Winery’s production site.
Carrefour Romania’s turnover grew by 4.1%, in comparable terms, in the first half of 2022, versus sales of EUR1.12 billion in the same period of 2021, placing the local market second in Europe regarding the evolution of the French group’s sales in the first year-half.
Industrial production prices for the domestic and non-domestic markets grew by 48.1% in June 2022 versus June 2021, data from Romania’s statistics board INS showed Wednesday (August 3).19080 items