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Raiffeisen Bank’s Supervisory Board has appointed Alina Rus as Chief Financial Officer (CFO) and member of the Executive Board.
Investment company Encore Capital Trust (ECT) successfully completed the first funding round by attracting RON17.7 million from several strategic investors, with the company’s capital reaching RON18.2 million (nearly EUR3.7 million).
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 increased to 6.60% a year on Tuesday (July 5) from 6.55% on Monday (July 4), as per central bank data.
The 15 players on Romania’s packaging transfer market, namely the organizations in charge of collecting and recycling all types of packaging (OIREP), ended 2021 with overall turnover of RON824.3 million.
The Carol Davila University of Medicine and Pharmacy in Bucharest has bought an office building on Thomas Masaryk Street, owned by MAD Planning & Projects, where it will set up a medical simulation center starting this year.
Local startup Machinations.io, which developed a game design platform used by the world’s largest video game studios, in 2022 bets on 2-4 times higher revenues than in 2021 as its turnover has already doubled in the first half of the year.
Electronics retailer Flanco will expand further abroad to three new countries in the following period and is testing new product delivery ways both for Romanian and foreign clients.
Darian Vicol, co-founder of Vagabond Studio/Made by Society, one of the most powerful Romanian fashion brands by sales and store network size, says that in the coming period the company is going to focus on foreign expansion, to other European countries.
Real estate developer One United Properties (ONE.RO) seeks to raise RON470 million for its projects in several phases. In comparison, its IPO in the summer of 2021 helped raise RON260 milion.
Iproeb Bistrita (IPRU), one of the largest manufacturers of electrical cables and conductors in Romania, with a more than 40-year history, notified the Bucharest Stock Exchange on Monday that it had completed a share capital increase operation, raising RON23.3 million from investors or 72.56% of its offering.
Romania's finance ministry raised RON1.3 billion on Monday (July 4) from banks via two government paper auctions at annual average yields of 8.75% and 8.80%.
Romania has become a very attractive market for the international retailers interested in leasing large surface areas, often covering over 1,500 – 2,000 square meters, in parallel with the plans of retailers already present that seek to expand, and it is clear that capital city Bucharest can host another shopping mall of 100,000 sqm, stated Carmen Ravon, Head of Retail Occupiers CEE at CBRE Romania.
The International Finance Corporation (IFC), the investment arm of the World Bank Group, has granted a loan of EUR85 million to Globalworth Holdings Cyprus Limited, fully owned by Globalworth Real Estate Limited (GREIL), aiming to promote and expand green projects in Romania.
AmCham Romania released the results of the fourth edition of the Business Barometer survey on the quality of the investment climate, which reveals a confidence close to the pre-pandemic levels and an optimistic outlook both short-term (12 months) and mid-term (three years), confirmed by consistent investment intentions.
Romanian electricity supplier Electrica Furnizare was chosen by automotive component supplier Eckerle Automotive to carry out the turnkey construction project of a photovoltaic (PV) solar power plant with an installed capacity of 314.82 kWp and an average annual electricity production estimated at 339 MWh.
Real estate developer One United Properties (ONE.RO) on Monday said D Craig Holding, an entity in close connection with Augusta-Valeria Dragic, a member of the company’s Executive Board, has acquired 1.65 million ONE shares at a price of RON1.3258 per unit.
MedLife (M.RO), the leader of the Romanian private medical services market, on Monday (July 4) announced in a stock market a new large-scale partnership, following the signing of the acquisition of the majority ownership stake in wellness center network Sweat Concept.
Romania' s government has decided to gradually close down coal-fired power plants and coal mines until 2032 in a move to decarbonize the country's energy sector, according to the energy ministry.
IPO (Initial Public Offering) momentum continued to slow from the first quarter into the second quarter, resulting in a considerable decline in both deal numbers and proceeds, according to the EY Global IPO Trends Q2 2022. .
IMMOFINANZ, one of the largest players on the local real estate market, on Monday announced the signing of a 25-year lease for 6,500 square meters in myhive Victoria Park office project to Leventer Medical Group, one of the most important private skin health operators in Romania.19080 items