Romania's Finance Ministry raised RON1.5 billion from banks on Monday (December 11), selling government paper in two auctions, at annual average yields of 6.72% and 6.68%, respectively.
Carbochim, the largest manufacturer of professional abrasives in Romania, has recently completed the relocation and technological upgrade process, following an investment of EUR5 million, aiming to streamline its industrial activity and optimize costs.
Banca Comerciala Romana (BCR) is successfully launching a new issue of non-preferred bonds, worth RON1 billion.
A total 17,916 housing units were put into use in Romania in the third quarter of 2023, 2,307 fewer units than in the same period of 2022, provisional data from the country’s statistics board INS showed on Monday (December 11).
Infinity Capital Investments (INFINITY.RO), a company listed on the Bucharest Stock Exchange (BVB) for 24 years, will start trading on Monday (December 11, 2023), under the new ticker symbol, INFINITY, following the process of implementing a new brand identity undertaken by the company during 2023.
Romania's trade balance posted a deficit of EUR23.1 billion in January-October 2023, lower by EUR5.21 billion (-18.4%) compared to January-October 2022 period, data from the country's statistics board INS showed on Monday (December 11).
Law firm PeliPartners has advised Mitiska REIM in the largest real estate deal of 2023, the sale of the 25 retail parks owned in Romania, by Britain’s LCP Group, part of M Core.
Kiddo group, specializing in the development of play centers for kids and young people owned by Vlad Alexandru and Cristina Sucu, has opened a Hype Energize-branded center in Palas Iasi, with this being the first location under this concept outside Bucharest.
DIGI’s Portugal subsidiary has signed a contract with Vodafone Portugal for spectrum use and access to the optical fiber network owned by Vodafone.
Romania’s national grid company Transelectrica has obtained an over EUR56 million non-reimbursable funding, via the REPowerEU component of PNRR, for three investment projects envisaging the retooling of the electricity transmission network, with two of them being aimed at the SMART and Teletrans subsidiaries.
Polish group Amrest will keep Starbucks franchise for the Romanian market for another five years, namely until 2028. The agreement between the sides has been recently extended after the initial deal expired in October 2023.