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.