Romania's Finance Ministry reopened a benchmark bond issue due in July 2023 and raised RON554.4 million from banks on Monday, June 23, RON154 million above the issue value according to its prospectus, at an annual yield of 7.45%.
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, is buying 50% in Dunav Solar Plant EOOD, which is developing the Gabare photovoltaic project with an installed capacity of about 400 MW, from Energy Element.
The European Commission has concluded that Romania’s EUR250 million (RON1.2 billion) recapitalization of majority state-owned Exim Banca Romaneasca does not constitute state aid within the meaning of the EU state aid rules.
Spain’s Olala! Group, which is already present in Romania via Rina Hotels, is investing more than EUR5 million to buy two hotels in downtown Bucharest, Hotel Duke Romana and Hotel Duke Armeneasca.
Romania’s central bank posted RON5.64 billion operating profit in 2024, an increase of 16% or RON798 million on 2023, the institution announced.
aSoace, a Romanian-held operator of co-working spaces, continues expansion with an almost 1,000 square meter space in the Victoriei 222 building in downtown Bucharest, owned by Sol Property Investment.
Biofarm, one of the leading pharmaceutical producers in Romania, which has two plants in Bucharest, plans to invest in retooling its first facility and develop a new research and development center, which will create new products. The investment budget stands at RON47 million in 2025.
Top Gel Prod, one of the largest ice cream producers in Romania, has budgeted RON100 million revenuer for 2025, an increase of 3% on 2024, the data the company supplied for ZF’s `Cei mai mari jucatori din economie’ (Key players in the economy) Yearbook show. The estimate comes after 2024 ended with 7% growth in revenue.
GlobalLogic, a company part of Hitachi Group, has made an increasingly rare announcement for the IT market at the moment: it has hired 150 people and is looking for another 100.
Romanian-held ambulance and special vehicle manufacturer Deltamed, will start production of ambulances in its new facility in Aiud, following a EUR1.8 million investment.