Romania's Finance Ministry raised RON800 million from banks on Thursday (May 9), selling government paper in two auctions, at annual average yields of 6.35% and 6.70%, respectively.
The Board of Directors of the European Investment Bank (EIB) on May 9 endorsed a revised definition for dual-use goods and infrastructure eligible for EIB Group funding.
Natural gas producer and supplier Romgaz (SNG.RO) on Thursday notified the Bucharest Stock Exchange of having made a RON200 million term deposit without auto-renewal option with Exim Banca Romaneasca. The interest rate negotiated is 5.87% and the maturity is July 15, 2024.
The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) and the will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards, BVB said in a report on May 9.
Real estate developer Hagag Development Europe, controlled by businessman Yitzhak Hagag, has acquired housing project Obor Est Residence, located in eastern Bucharest, on the platform of former “Izolatorul” plant.
Law firm Filip & Company has assisted Centrokinetic network, specializing in orthopedy and medical recovery, aided in the deal by investment fund Agista as shareholder, in acquiring an almost 70% staje in the share capital of the company that operates Socrates clinic of Timisoara.
Polish retailer Zabka, which has more than 10,000 stores back home, is officially entering the Romanian grocery retail market by opening its first store under the Froo brand. This is the brand the group will use in Romania.
Early Game Ventures on April 25 finalized the necessary documents for the official launch of its second investment fund, with a total value of EUR60 million, the firm said in a press release.
The Bucharest Stock Exchange, the operator of Romania’s capital market, in the first three months of 2024 posted RON2.96 million net profit at group level, 68% higher than in the same period of 2023, while the net margin rose from 14% to 17%.