Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million, selling bonds due in October 2033, at an annual average yield of 6.87%.
Fondul Proprietatea (FP.RO) has received the approval of the Financial Supervisory Authority (ASF) to amend the tender offer documentation and increase the number of shares it seeks to buy back from 670 million to 1.67 billion.
Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared with EUR12.6 million in 2022, data from Greece’s OTE, which owns the company together with Germany’s Deutsche Telekom, show.
Private medical service provider MedLife (M.RO) will be using drones to transport lab samples over the 120 kilometers between Oradea and Arad, thus cutting delivery time in half, it said in a report to the Bucharest Stock Exchange on Thursday.
Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.
Sopsa, a global leader in waste management sustainable solutions, is entering the local market by signing a leasing contract for 6,400 square meters of industrial and office spaces in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s real estate, logistics and industrial market.