Category: Uncategorized
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Dutch NewCold builds large frozen warehouse near Bucharest with EUR 73 mln loan from EBRD, BCR
BCR and EBRD are lending RON 365.6 million (EUR 73 million) for the construction of the first fully automated cold storage warehouse in Romania, a project of the Dutch company NewCold, to be located near Bucharest. The two banks will also ensure the financing of a future expansion of the project. The new facility brings…
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Fitch rates Romania’s Romgaz in line with sovereign – one notch above standalone credit profile
Fitch Ratings has affirmed the BBB- Long-Term Issuer Default Rating (IDR) with a negative outlook for the Romania-based Romgaz (BVB: SNG) – including a one-notch uplift from its bb+ Standalone Credit Profile (SCP) for state support, under our Government-Related Entities Rating Criteria. The SCP reflects Romgaz’s dominant position in Romania’s natural gas market, upstream production…
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EUR 1.1 bln Cluj-Napoca beltway contract suspended as Bosnian contractor accuses stolen identity
The EUR 1.1 billion contract for the construction of a beltway for the city of Cluj-Napoca in Romania was suspended and will be terminated within ten days unless the contractors settle a dispute that occurred after one of them, a company from Bosnia and Herzegovina (BiH), accused that their identity was stolen and fraudulently used…
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Electro-Alfa IPO closes in advance amid strong demand at Bucharest Exchange
The initial public offering through which Electro-Alfa International put up for sale up to 65.9 million new shares, representing about 35% of the post-money capital, was closed early on February 6, just five days after its start, amid high demand from investors. Both institutional and retail investors oversubscribed the offer, and in the small investor…
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Romanian president invited to first meeting of Donald Trump’s Board of Peace
Nicușor Dan confirmed that he received an invitation from the Trump administration to attend the first meeting of the Board of Peace, set to take place in Washington on February 19. The Romanian president said a final decision on participation will be taken after further discussions with US officials regarding the format of the meeting.…
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PNRR may boost Romania’s GDP by 1% this year, SAFE may add 1.4%-3.5% by 2030
Assuming full absorption of the money earmarked to Romania under the National Recovery and Resilience Plan (PNRR) – meaning some 2.7% of GDP, roughly half of the entire PNRR budget – by the end of this year, the PNRR money would contribute 1 percentage point (pp) to the country’s economic growth in 2026, according to…
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Report: Romania registers one of the highest shares of disabled people at risk of poverty, social exclusion in EU
Romania registers one of the highest shares in Europe of people aged over 16 with disabilities who are at risk of poverty or social exclusion, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania. A total of 38.4% of people with disabilities in the country were at risk of poverty or…
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Revolut Business: Romanian companies prioritize investment in basic IT over AI in 2026
New research by Revolut Business among 150 Romanian business decision-makers (CEOs, CFOs, and COOs) revealed that local companies prefer to invest their money in modernizing their IT infrastructure and automating outdated systems rather than in artificial intelligence. When asked where the largest budget increase will go this year, ‘modernizing IT infrastructure and cloud migration’ takes…
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Forvis Mazars C-suite barometer: Two-thirds of Romanian businesses increasing financial and human capital investment
Romanian business leaders remain optimistic for 2026, with 86% of C-suite executives surveyed in Forvis Mazars’s C-suite barometer: outlook 2026 expecting growth. This is slightly below the 92% reported globally and down from 90% in 2025. While confidence is strong locally, Romanian executives are more cautious than their global peers, reflecting the region’s economic and…
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The Advantages of Launching a Business in Germany
As one of the largest economies in the world, Germany is without a doubt one of the best countries to do business in. Economic stability, excellent infrastructure, and trade cooperation with nations worldwide are some of the reasons to launch a company here; however, they are not the only ones. What makes Germany appealing for…