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A team of lawyers from the Bucharest and London offices of law firm Clifford Chance advised BT Capital Partners, Banca Comerciala Romana, Raiffeisen Bank and Alpha Bank Romania in the transaction whereby Banca Transilvania successfully completed its first leu-denominated sustainable bond issue, raising RON1.5 billion.
French group Carrefour, which has been seeking its direction and implicitly a sustainable business model on a steadily changing retail market for some time, is contemplating exiting Central and Eastern Europe, including Romania, several market sources told ZF.
Rents were flat in June nationwide against May, but went up by 5% on average from June 2024, with a 9% plus in Bucharest, in line with data provided by Storia, the real estate platform launched by OLX.
Moneycorp, one of the largest companies specializing in international payment and foreign exchange services, has decided to exit the Romanian market.
Transylvania Invest, a major Romanian-held grain trader, founded by Sergiu Gorban, has entered an arrangement with creditors as part of a restructuring plan meant to stabilize the company amid a challenging economic context.
Stonevault, a Baia Mare-based producer of sofa springs, ended 2024 with a turnover of roughly RON174.6 million (EUR35 million), up 3.1% from a turnover of RON169.2 million (EUR34.2 million) reported in 2023, in line with calculations by Ziarul Financiar (ZF) daily based on existing data on the finance ministry website.
Electro Sistem, a manufacturer and supplier of electricity control and distribution equipment based in Baia Mare and held by entrepreneurs Stefan Blasko and Roland Kerekes, posted RON179.4 million (EUR36 million) revenue in 2024, almost the same as in 2023, when its revenue stood at RON179.5 million (EUR36.3 million), according to Finance Ministry data.
Mobexpert, one of the largest furniture retailers and manufacturers in Romania, has opened a large department store on Theodor Pallady Boulevard in Bucharest, following an investment of about EUR10 million.
Romania's Finance Ministry raised RON3 billion from banks on Thursday (July 3), selling government paper in two auctions, at annual average yields of 7.24% and 7.34%, respectively.
Employee benefits group Pluxee has signed an agreement to acquire 100% of MyBenefits, a fast-growing Romanian company that has developed innovative technology to provide a flexible offering of employee benefits.
EY Romania has promoted Razvan Ungureanu to Partner within the Tax Advisory department, effective July 2025.
Romania’s industrial producer price index (PPI) edged 0.9% higher year-on-year in May 2025, as per data from the country's statistical office INS.
Fitch Ratings has assigned Societatea Energetica Electrica S.A.'s (BBB-/Stable) upcoming senior unsecured green notes a 'BBB-(EXP)' expected rating.
OMV Petrom has discovered a new natural gas reservoir in Spineni, around 70 km northwest of Craiova.
Romania construction field started 2025 with an 8.5% increase in the first four months from the year-earlier period, with infrastructure works posting the biggest advance, of over 15%, while the non-residential segment had an almost 2% decline, in line with data analyzed by Colliers.
Electrical and electrotechnical component manufacturer Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller Group, for 2024 reported turnover worth RON290.1 million (EUR58.3 million), down 2.3% from 2023, in line with ZF calculations based on Finance Ministry data.
Liberty Galati steel plant ended 2024 with RON2.1 billion revenue, down from RON3.6 billion in 2023, and losses of RON1.6 billion, lower than the previous year, Finance Ministry data show. It had 4,902 employees in 2024, compared with 4,772 in 2023.
Morphosis Capital has raised more than EUR100 million for its second investment fund. The money came from NRRP, from EBRD and from a special purpose vehicle of eMAG’s Iulian Stanciu. The latest name to join this round is IFC, which contributed EUR15 million.
The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% to 11%, Romania’s Prime Minister Ilie Bolojan said on Wednesday.
Digital Keez SRL, the accounting tech startup held by Norway’s IT giant Visma, has announced that Stelian Trandafir has taken over as the company's new Chief Executive Officer (CEO), starting July 1, 2025.19260 items