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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Rondocarton Ends First Nine Months Of 2023 With Over EUR90M Revenue
11.27.2023
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, posted more than EUR90 million... more
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Romania Property Club: City Of Iasi To Attract Private Real Estate Investments Of EUR500M In Coming Years
11.27.2023
Romania's eastern city of Iasi will be attracting private real estate investments of EUR500 million in the coming years, which will add to public... more
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RON300M Worth Of Orders To Sell During Fondul Proprietatea’s Buyback Offering So Far
11.27.2023
Investors, either retail or institutional, have put in orders with their brokers to sell about RON300 million worth of Fondul Proprietatea (FP.RO)... more
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Banca Transilvania Gets Investment Grade Credit Rating From Moody’s
11.27.2023
Banca Transilvania (TLV.RO), the largest lender in Romania, got the “investment grade” rating from Moody’s, the bank said in a press release. more
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Finance Ministry Raises Nearly RON400M From Banks On November 27
11.27.2023
Romania's Finance Ministry raised RON399.4 million from banks on Monday (November 27), below the planned level of RON600 million, selling bonds due... more
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Romanian Software Development Company Oves Enterprise Launches Hyper Drone, The First Demining Drone
11.27.2023
Oves Enterprise, a Romanian software development company based in Cluj-Napoca, announces the launch of the first demining drone - Hyper Drone. more
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Genesis Property Completes Phase 2 Of YUNITY Park Project
11.27.2023
Genesis Property has announced the completion of works on Phase 2 of the YUNITY Park project following an investment of EUR20 million. more
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Romanians Can Buy New Fidelis Government Bonds In Last IPO Carried Out In 2023 By Finance Ministry
11.27.2023
The Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out a new offer on Bucharest Stock... more
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World Bank: Climate Change Mitigation Actions In Romania To Involve Consumer Price Hikes And Tax Increases
11.27.2023
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World... more
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GlobalData Revises Global Economic Growth Down To 2% For 2024
11.27.2023
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP... more
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Frames: 7 Out of 10 Real Estate Developers in Romania Likely to Become Insolvent in Coming Period
11.27.2023
Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and... more
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Colliers: Romania Shaping Up as Major Regional Distribution Hub
11.27.2023
Romania is emerging as a major regional distribution hub, especially in southeastern Europe and the stock of logistic spaces is likely to top 10... more
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2Performant Network Sees 9M 2023 Turnover Rise 36%
11.27.2023
Tech company 2Performant Network, the biggest player on the local affiliate marketing market, registered RON32.2 million turnover during the... more
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WDP Close to Taking Over Expo Market Doraly
11.27.2023
Belgium’s WDP is close to clinching the acquisition of Doraly, in line with real estate market data, in one of the biggest real estate deals on... more
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Production Expansion and Launch of New Products, Zentiva Romania’s Targets for Next 10 Years
11.27.2023
Zentiva Romania’s objectives for the next decade envisage expanding production at the two plants it owns in Bucharest and adding new products to... more
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GLS Romania 2022 Turnover Tops EUR70M
11.27.2023
GLS General Logistics Systems Romania, part of the group of the same name, controlled by Britain’s Royal Mail, in 2022 registered turnover worth... more
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Germany’s Optibelt Ends Jan-Sept with EUR51.7M Turnover
11.27.2023
Car parts producer Optibelt Power Transmission, the local subsidiary of Germay’s Anrtz Optibelt, in the first three quarter of 2023 posted... more
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Econergy Secures EUR60M Financing From Raiffeisen Bank International For Romanian Solar Energy Project
11.25.2023
Renewable energy company Econergy has secured EUR60 million in financing from Raiffeisen Bank International to help support its 155MW solar energy... more
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Agroland Business System Reports RON250M Turnover, RON5M Net Profit For Jan-Sept 2023
11.25.2023
Retail, agribusiness and food group Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, ended the... more
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Romania Private Lending Up 5% YoY To RON381.8B In October 2023
11.24.2023
Private lending in Romania grew by 5% in nominal terms (down 2.8% in real terms) to RON381.8 billion in October 2023 compared to October 2022,... 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.