Romania's Finance Ministry raised RON500 million from banks on Monday (Nov 4), selling government paper at an annual average yield of 6.04%.
New registrations of road vehicles for passenger transport increased by 4.7% in the third quarter of 2024 compared to the third quarter of 2023, data from the country’s statistics institute INS show on Monday (Nov 4, 2024).
UniCredit S.p.A. (“UniCredit”) and Alpha Services and Holdings S.A. (“Alpha”) announce that after securing all the necessary approvals from the relevant authorities and completing the due diligence process, UniCredit has bought from Alpha International Holdings S.M.S.A., a wholly owned subsidiary of Alpha, a stake of 90.1% in Alpha Bank Romania S.A. (“Alpha Bank Romania”) for a price made up of 9.9% of UniCredit Bank S.A.’s (“UniCredit Bank Romania”) share capital and about EUR255 million in cash.
eMAG Group, one of the largest retailers in the region, is starting the 2024 Black Friday sales campaign on November 8 and expects to exceed RON800 million in sales, eMAG representatives told a press conference organized by the company.
Masterbuild General Contractor & Developer has completed the works on Pitesti Shopping Park, developed by Square 7 Properties in partnership with Belgian investment fund Mitiska REIM.
Romania's Hidroelectrica and Norway's SINTEF will access EUR214,459 financing through a mechanism of grants provided by Iceland, Liechtenstein and Norway with a view to carrying out a project aimed at developing the knowledge and skills of their own specialists in implementing modern solutions for optimizing the operation of hydropower plants.
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, announces the signing of an agreement for the acquisition of a majority stake in the company Garanta Asigurari whose main shareholder is The Ethniki, Hellenic General Insurance Company.
Garanti BBVA and the European Investment Fund (EIF) have signed an agreement to provide guarantees of minimum EUR30 million to enhance competitiveness and sustainability of Romanian companies.