Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure, according to the fifth annual EY Global Mobility Consumer Index report.
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to acquire Paccor Romania SRL.
Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN, which operats Omnicredit brand, from Reconstruction Capital II Limited (RC2) and Elisa Rusu.
Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond issue or several subsequent issues of green bonds and the contracting of a syndicated bank loan of up to RON3.1 billion (EUR620 million) to support investment plans.
Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around EUR16 million at yearend, up 40% from 2023.
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and plans to add another two floors and a new surgery hall.
The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is part of the plan to expand outside Bucharest.
Romania's finance ministry raised EUR5 billion on Sept 19 by tapping international markets with two euro-denominated bond issues and one US dollar-denominated bond issue, maturing in seven, twenty and ten years, respectively.
Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state aid via Construct Plus government scheme. The group applied for state aid to build a ceramic tile plant in a RON699 million investment.
Mineral water bottler Perla Harghitei has an ambitious investment plan, EUR40 million, self-funded. The Sancraieni, Harghita County-based company plans to upgrade and boost production and storage capacity by 70% in the next six or seven years compared with 2022.