Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has announced in a press statement that it has signed a Memorandum of Collaboration with the Technical University of Civil Engineering of Bucharest.
While macroeconomic volatility is no longer a major challenge for investors globally, concerns about stability and predictability remain at the forefront in Romania, according to Daniel Anghel, Country Managing Partner, PwC Romania.
Romania's Finance Ministry raised EUR2.28 billion from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average yields of 6.49% and 7.19%, respectively.
The shareholders of electricity supplier and distributor Electrica (stock symbol: EL) approved the provision of a guarantee for a term loan of up to EUR200 million that Electrica's subsidiary, Distributie Energie Electrica Romania S.A. (DEER), plans to contract from the European Investment Bank (EIB), the company has announced in a press statement.
The company Unirii View S.R.L., part of Weerts Group and the developer of Bucharest-based office building Unirii View Tower, has accessed a credit facility of EUR29.5 million granted by lender Banca Comerciala Romana (BCR).