Banca Transilvania Raises EUR500M Via MREL Bonds From International Market
11.29.2023
Banca Transilvania (TLV.RO) financial group has again tapped international markets, raising EUR500 million via MREL (minimum requirement for own fund and eligible liabilities) bonds due in five years at a 7.25% coupon.
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Ovidiu Sandor Inaugurates New Building In British International School Campus In Timisoara 11.28.2023
Ovidiu Sandor, founder of Mulberry Development, the developer of the mixed-use project ISHO, and of the Art Encounters Foundation, has inaugurated... more
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Car-Sharing Company Spark Expands Operations To Four New Areas In Bucharest 11.28.2023
Lithuanian-held Spark, a provider of electric car-sharing service via a mobile app, which started operations in Romania in 2019, has expanded its... more
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Nuclearelectrica Supplements By RON120M A Contract Concluded With OPCOM 11.28.2023
State-run nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report on Nov 28 the supplementation by RON120 million... more
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Romgaz Makes Two Terms Deposits With Exim Banca Romaneasca 11.28.2023
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Nov 28) announced its shareholders in a stock market report that it opened... more
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INS: Romanian Execs Expect Relative Stability In Manufacturing, Retail, Services In Nov 2023-Jan 2024 11.28.2023
Romanian executives forecast a period of stability for the activity in the manufacturing industry, retail trade and services sectors for the... more
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Romania's Energy Ministry Signs MoU For Renewable Energy Project In Jiu Valley 11.28.2023
Romania's energy ministry has signed a Memorandum of Understanding (MoU), thus strengthening the Romanian American strategic partnership in the... more
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RetuRO Opens First Regional Center For Beverage Packaging Collection In Bontida, Cluj County 11.28.2023
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, has inaugurated the first regional center for the collection of beverage... more
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Aquila Invests EUR6M to Renew Vehicle Fleet 11.28.2023
AQUILA (symbol AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic... more
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EIB: Most Romanians Willing to Pay Higher Income Tax To Help Lower-Income Households Cope with Green Transition Costs 11.28.2023
Most Romanians say they would be willing to pay more income tax to aid lower-income households cope with the costs of green transition, with the... more
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Hella Romania Expands Area Leased in ElectroPutere Parc Craiova 11.28.2023
Germany’s Hella, a car parts supplier part of global group Forvia, has expanded the area leased in ElectroPutere Parc by around 1,300 square... more
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DN Agrar Reports 12.4% Higher Turnover, 111% Higher Net Profit for Jan-Sept 2023 11.28.2023
DN Agrar Group, the largest integrated farm in Romania and leader in cow milk production, registered RON115.9 million turnover in the first nine... more
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OPPO Romania Hits 5-6% Share of Local Smartphone Market 11.28.2023
China-held OPPO, one of the world’s biggest players on the smartphone market, which entered Romania market in 2020, reached a 5-6% share of the... more
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Oltean Family Invests over EUR20M in 10 Years to Develop Maviprod-IRUM Group 11.28.2023
Maviprod-IRUM group of firms, owned by Oltean family, has in the past ten years operated investments worth above EUR20 million to retool the... more
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Eldrive Romania Installs 13 EV Charging Stations at AFI Cotroceni and 16 at Unirea Shopping Center 11.28.2023
Eldrive Romania, the company owning the charging station network of the same name, has installed 13 new EV charging stations at AFI Cotroceni mall... more
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Impact Developer & Contractor Takes Out EUR3.5M Loan From Garanti Bank For Working Capital Needs 11.27.2023
Real estate developer Impact Developer & Contractor (IMP.RO) announced in a stock market report on Monday (Nov 27) that it had concluded an... more
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Romgaz Shareholders Approve Reduction Of Loan Facility Ceiling By RON130M 11.27.2023
Shareholders of natural gas supplier and producer Romgaz (SNG.RO) have approved a decision reducing a Loan Facility ceiling by RON130 million, down... more
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Revolut Appoints Romanian Dan Teodosiu To Group Board 11.27.2023
Revolut, the financial global super app with over 35 million customers worldwide and over 3 million customers in Romania, has announced in a press... more
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Furniture Maker Elvila Ends Jan-Sept 2023 Period With RON6.9M Net Loss, RON15M Turnover 11.27.2023
Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, has announced net loss of RON6.88 million for the first six... more
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JYSK To Open New Store In Ramnicu Valcea on November 30, Reaches 138 In Romania 11.27.2023
Furniture and home product retailer JYSK continues expansion in Romania with the inauguration of a new store in Ramnicu Valcea on Thursday,... more
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Bucharest Residents To Pay For Taxi Rides Via POS System Following PayPoint Romania - Meridian Taxi Partnership 11.27.2023
PayPoint continues to develop the digital payment segment and announces a new partnership with Meridian Taxi, one of the most important taxi... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal 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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.