Romania's Finance Ministry raised RON1.1 billion from banks on Monday (Jan.13), selling government paper in two auctions, at annual average yields of 6.65% and 7.70%, respectively.
ING Bank expects the National Bank of Romania to keep the key rate at 6.50% at the upcoming January 15 meeting, given persistent inflationary risks, the bank said in a report on Monday (January 13, 2025).
Real estate consulting firm Griffes announces it intermediated transactions for over 85,000 square meters of office space, which is the largest transaction volume recorded in 2024.
Favorable economic factors, such as inflation stabilization, interest rate cuts and real income growth, are aiding real estate sector consolidation as a vital pillar of the continental economy, points out an analysis drawn up by Cushman & Wakefield Echinox.
Building materials producer TeraPlast has granted an EUR7.56 million loan to Polytech Industrie subsidiary, with a 1.3% interest plus 3-month Euribor (around 2.7%). The maximum repayment term is December 31, 2029.
Romania’s national grid company Transelectrica has completed a project for the implementation of a metering and management system for electricity measurement data on the wholesale market, part of a broader investment in grid digitalization, funded with EUR88.8 million via the Modernization Fund.
Law firm Filip & Company legally assisted Credit Europe Bank Romania in the cross-border merger through absorption with the parent company, Credit Europe Bank N.V. of Netherlands.
Timisoara-based fuel retailer Artoil, controlled by entrepreneurs Alexandra and Alex Bunceanu, estimates it ended 2024 with turnover of around RON1.18 billion (EUR237 million), down 2% from 2023.
Constructii Erbasu, a company owned by Erbasu family, estimates it will reach RON2.5 billion turnover this year.