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A 45 MW solar park in Giurgiu completed in 2012 and held by Samsung is now up for sale, market sources say. The project company behind it, LJG Green Source Energy Alpha, was acquired by Samsung C&T Corporation in 2012. At the time, the solar park was the largest in Romania and had required an about EUR160 million investment.
Swiss Capital Asset Management, manager of the FII Active Plus and FDI Active Dinamic funds, liquidated its 5.14% stake in SIF Muntenia (SIF4.RO) in the deal of December 8 in which 6.1% of the company changed hands, a report to the Bucharest Stock Exchange shows.
Real estate developer Akcent Development is launching Akcent City, a new residential project of 810 housing units in capital Bucharest, within an investment of nearly EUR75 million.
CTP, the largest developer and manager of Class A industrial and logistics space in Romania, continues the development of CTPark Bucharest North with new buildings with a total area of 95,000 square meters.
Prima Development Group, one of the most active real estate developers in Romania by the number of housing units delivered, starts construction works on a new residential complex in Oradea (north-western Romania), which continues a project built by the company over the last years.
TBI Bank, part of 4Finance Group, with activities in Romania, Bulgaria, Germany, Denmark, Sweden, Poland and Lithuania, is expanding its operations into Greece after it has recently obtained the approval of the National Bank of Greece.
Logistics parks developer Mega Company, advised by the Capital Markets team of real estate consulting firm JLL Romania, has secured a loan of EUR20.6 million from lender Alpha Bank to fund the Mega Distribution Center logistics park located on Bucharest ring road, in the western part of the city.
Norway’s TOMRA, a maker of reverse vending machines used in collecting beverage packaging, has opened a subsidiary in Romania and estimates it will install around 3,000 machines, which will collect more than 3 billion packages.
Romanian fintech Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), has closed a new external financing round of EUR6.3 million, boosting the total volume of available capital to EUR12 million, both for Romania and for the entity launched recently in Serbia.
Lender Raiffeisen Bank has won a tender organized by natural gas producer and supplier Romgaz (SNG.RO) to obtain a part of the funded needed for the acquisition of US giant ExxonMobil's stake in the Neptun Deep gas exploration and drilling project in the Black Sea, according to sources on the financial market.
Danielis Star Company SRL, a firm fully owned by businessman Daniel Pandele, bought on December 10 a total 1.7 million shares in real estate developer Impact Developer & Contractor (IMP.RO) at a price of RON0.695 per unit, per a stock market report released Monday.
OMV Petrom, the largest energy company in Southeast Europe, is expanding its network of recharging stations for electric vehicles in Moldova and Serbia, in Petrom and OMV filling stations.
Romania's current account balance posted a deficit of EUR13.85 billion in January-October 2021, compared with a deficit of EUR8.7 billion in the same period in 2020, central bank data showed Tuesday.
Lender Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, lists on Bucharest Stock Exchange the third bond issue this year, worth RON600 million.
Romanian software company Bitdefender, a global leader in the cyber security solutions market, officially confirmed that it had started procedures for its future listing in the US.
Private healthcare services network Regina Maria in 2021 maintained a two-digit growth pace against 2020, reaching EUR280 million turnover, up 18%, according to Fady Chreih, the network’s CEO.
Management solutions and BPO service provider Sykes Enterprises Eastern Europe, part of US Sykes group, has 80 jobs available at its Cluj-Napoca office.
Daniel Minciuna, founder of Nichiduta Trading, a company specializing in children’s products retail, expects turnover to stagnate in 2021 on the year, at around RON40 million.
Aquila Part Prod, the biggest player on Romania’s consumer goods distribution market, ended the first nine months of this year with revenues worth RON1.3 billion, up 19%, and net profit of RON43.8 million, 21% higher than in the same period of 2020.
Romanian-held coffee shop and restaurant chains are looking west for expansion and are opening units even amid the pandemic, betting on the consumption-oriented culture of other countries.19015 items