Kazakh-Romanian Energy Investment Fund Takes Out EUR83M Syndicated Loan To Fund New Cogeneration Plant

05.27.2022

The Kazakh-Romanian Energy Investment Fund (FIEKR), held by KMG International and the Romanian State, has contracted a syndicated loan of EUR83 million that will be used to fund the construction of a new cogeneration plant on the Petromidia Refinery platform.

ZF NEWSRSS

Agroland Business System Ends Q1 with RON66.8M Revenue
05.27.2022

Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of agricultural... more
BAT Recruits On Average 200 People Annually; Invests Over EUR1M In Staff Training Programs
05.27.2022

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, has increased the number of... more
- BAT Paid RON11B In Taxes To Romania’s State Budget In 2021, Up 10% Vs 2020
- BAT Aims to Continue Hiring Drive in Romania in 2022
- Cigarette Maker BAT Contributes RON7.8B to State Budget in First 9 Months of 2021
Romanian Entrepreneur Eugen Saulea Launches DANTEM On Romanian Market
05.27.2022

Romanian entrepreneur Eugen Saulea has announced the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman... more
Amber Seeks To Hire 100 More Specialists At Its New Head Office In Botosani
05.27.2022

Romanian video game developer Amber has relocated its more than 120 employees in Botosani to a new head office and plans to increase its Amber... more
Terapia Cluj Buys Uractiv Brand Portfolio From Fiterman Pharma
05.27.2022

Terapia Cluj, a local pharmaceuticals producer held by pharmaceuticals giant Sun Pharma, has acquired the Uractiv product range of the portfolio of... more
European Commission OKs EUR1.4B For Romania Project Financing Under Modernization Fund
05.27.2022

The Modernization Fund is a program of the European Union (EU) aimed at supporting ten Member States to meet 2030 energy targets by helping to... more
Alpha Bank Romania’s Operating Profit Doubles YoY To EUR5.6M In 1Q/2022
05.27.2022

Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first... more
Verdino Concludes Strategic Partnership With Resalta
05.27.2022

Verdino Green Foods, a Romanian producer of meat alternative products using pea protein, has concluded a strategic partnership with energy services... more
EY: Over Half Of Global Car Buyers Target Electric Vehicles
05.27.2022

The latest EY Mobility Consumer Index shows that 52% of respondents looking to buy a car plan to buy an electric vehicle (EV); it is the first time... more
Bucharest Unemployment Rate At 1.1% In April 2022
05.27.2022

Capital city of Bucharest registered 13,537 jobless people (of whom 7,163 women) at the end of April 2022, taking the unemployment rate to 1.10%,... more
Three-Month ROBOR Ends May 23-27 Week At 5.95% A Year
05.27.2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
EBRD Expands Presence in Romania by Opening New Regional Office in Cluj-Napoca
05.27.2022

The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional... more
Greece’s Entersoft Becomes Majority Stakeholder in BitSoftware Romania
05.27.2022

Greek company Entersoft, a major player on the business software solutions markets of Greece and southeastern Europe, has acquired the majority... more
Germany’s Building Materials Maker Hasit Hits RON76M Turnover in 2021, Up 18% YOY
05.27.2022

German building materials producer Hasit, part of Fixit group, reached RON76M Turnover in 2021, 18% higher year-on-year. more
RTG Energy Enters Romania’s Renewable Power Market with OK for EUR40M Solar Park in Giurgiu
05.27.2022

RTG Solar Energy, a project company owned by Nidik Holdings Limited of Cyprus, has obtained a technical approval to connect a 70.4 MW solar park of... more
Furniture Retailer Staer Saw Turnover Top RON89M in 2021
05.27.2022
Delta Studio Wants to Develop Second Own Housing Project
05.27.2022
Teletext Expects EUR18M Turnover in 2022, from EUR16M in 2021
05.27.2022
AROBS Transilvania Software Posts 33% Growth in Revenue to RON52.6M in Q1
05.27.2022
Philip Morris Exports of Cigarettes and Vaping Products from Romania up to Over EUR700M in 2021
05.26.2022
Romania Raises RON615M Selling Bonds At 7.95% Yield
05.26.2022
Bosch Set To Boost Workforce By At Least 400 People
05.26.2022
Chimcomplex Acquires Sistemplast Ramnicu Valcea In RON15M Deal
05.26.2022
Net Assets Of Investment Funds In Romania Up 1.2% To RON52.1B In April 2022
05.26.2022
Clean Recycle Eyes EUR3.8M Turnover In 1H/2022
05.26.2022

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Colliers: Romania Real Estate Investments Near EUR900M In 2021

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Equity Value of Romanian METRO Branch Is EUR225M

The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.

One Cotroceni Park Project To Host Ford Europe’s Future Services Center In Bucharest

One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has

Survey: House Prices/Sqm In Romania Undervalued By About 30% Vs Prices On Other Realty Markets In Europe

House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,

Five New Companies Listed On Bucharest Stock Exchange To Be Included In FTSE Russell Indices For Emerging Markets

Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging

Datacor Set to Develop Greenfield Photovoltaic Projects of 50MW in Transylvania by Yearend

Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system

Romania, a Growth Engine for Logistic Developer CTP

CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction

Ford Assembly Plant In Craiova Produced EUR18B Worth Of Vehicles In Past 12 Years

Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which

Poland’s CCC Set to Bring HalfPrice Outlets to Romania in 2022

Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to

Analysis

What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?

A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?

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Central Bank: Romania's Economic Growth Expected to Decelerate Considerably in 2022 and 2023

Romania’s economic growth is expected to decelerate considerably in 2022 and 2023, after having reached very high dynamics from a historical perspective in 2021, yet significantly lower than previously forecast (in November 2021), the minutes of the monetary policy meeting of Romania’s central bank (BNR) say.