Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
yesterday, 23:25
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
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Banca Transilvania Targets RON3B Net Profit in 2024, Up 20% YOY
03.26.2024
Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase... more
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LSEG Business Services Center Reaches 1,000 Employees in Bucharest
03.26.2024
The Bucharest technology and operations center of London Stock Exchange Group (LSEG) has reached 1,000 employees and the company has expansion... more
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Ultragreens Is in Advanced Talks with Strategic Investor
03.26.2024
Ultragreens, a Romanian producer of microgreens and aromatic plants, is in advanced talks with a strategic investos and in the six months after... more
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Radisson Blu Hotel of Cluj-Napoca Budgets Flat Turnover from 2023, at EUR7.5M
03.26.2024
Five-star hotel Radisson Blu of Cluj-Napoca, developed by Winners Park Invest, has for 2024 budgeted turnover similar with 2023 level, of EUR7.5... more
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Evergent Investments Plans To Pay RON82M Dividends To Investors
03.25.2024
Alternative investment fund Evergent Investments (EVER.RO) plans to pay RON82 million dividends from the 2023 profit to its investors. more
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Swiss Entrepreneur Claudio Cisullo Sells Almost RON10M Of One United Properties Shares
03.25.2024
CC Trust Group, a family business founded and held by Swiss entrepreneur Claudio Cisullo, sold 10 million shares of real estate developer One... more
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Finance Ministry Raises RON962.4M From Banks On March 25
03.25.2024
Romania's Finance Ministry raised RON962.4 million from banks on Monday (March 25, 2024), selling benchmark bonds with a scheduled value of RON500... more
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Prime Kapital’s Arges Mall Set To Open In Pitesti On April 25
03.25.2024
Prime Kapital, a real estate developer and investor in Central and Eastern Europe, will open Arges Mall on April 25, the largest and most modern... more
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Practic Bucuresti Sees Net Profit Shrink 29% To RON26.9M In 2023
03.25.2024
Practic Bucuresti (PRBU.RO), one of the largest owners of retail space in Bucharest, made RON26.9 million net profit in 2023, 29% lower than in... more
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Agroserv Mariuta 2023 Sales Up 10% YOY. Losses Widen to RON2.3M
03.25.2024
Agroserv Mariuta, a Romanian agribusiness company and the owner of Laptaria cu Caimac brand, reported RON80 million sales in 2023, up 10% from... more
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Credit Europe Bank Romania Ends 2023 with RON66.8M Net Profit, More than Double 2022 Level
03.25.2024
Credit Europe Bank Romania in 2023 generated net profit worth RON66.8 million, more than twice the 2022 level. more
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Cushman & Wakefield Appointed To Manage Expo Business Park Office Project
03.25.2024
Real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, one of the most... more
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Simtel Gets RON61M Funding via PNRR to Build Giurgiu Photovoltaic Power Plant
03.25.2024
Romanian engineering and tech company Simtel Team, a national leader in renewable energy, has obtained a RON60.6 million non-reimbursable funding... more
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Japan’s Yusen Logistics Leases 19,000 Sqm in CTPark Bucharest
03.25.2024
CTP, continental Europe’s largest listed developer and administrator of industrial and logistic spaces, has leased, for a five-year period, an... more
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One United Properties Aims for RON1.7B Revenues, Up 15%, RON525M Net Profit in 2024
03.25.2024
Real estate developer One United Properties estimates RON1.7 billion consolidated revenues, up 15% from the 2023 result, and RON525 million net... more
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Sphera Franchise Group Budgets over RON1.64B in Sales in 2024, Up 12.2% YOY, over RON95M Profit, Up 20.1% from 2023
03.25.2024
Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of... more
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Antibiotice Iasi Wants to Cross RON100M Profit Threshold in 2024
03.25.2024
Antibiotice Iasi, the biggest Romanian-held drug manufacturer, wants to reach RON104 million net profit in 2024, up 28% from 2023, in line with its... more
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Oil Terminal Calls Shareholders To Vote On About RON10M Dividends
03.22.2024
Port operator Oil Terminal (OIL.RO) has convened an ordinary general meeting of shareholders to vote, among other things, on the distribution of... more
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Banca Transilvania Wants To Distribute RON1B Dividends To Shareholders
03.22.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, is convening shareholders on April 25, 2024, to approve, among other things, the... more
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iHunt Plans To Issue Up To RON12M Bonds
03.22.2024
iHunt Technology Import-Export (HUNT.RO), a supplier and manufacturer of cellphones and gadgets listed on the AeRO market of the Bucharest Stock... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.