Category: Uncategorized

tbi bank is providing a EUR 7.5 million financing facility, granted for a 24-month period, to Astorium Construct Investment, a developer active on the Bucharest residential market since 2018, to support the second phase of the Astorium Life project in Bucharest’s Pallady area, the bank announced. The facility has a 24-month maturity, with full repayment…

French energy group ENGIE announced on Wednesday, June 24, that its first hybrid energy project integrating wind energy production with battery energy storage was being developed in Băleni, Galați County, south-eastern Romania. The storage system, installed within the operational 50 MW wind farm in Băleni, will have a final power capacity of 5 MW and…

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), has reached financial close on the 392 MW Pestera II onshore wind project in Constanța county, marking one of the largest renewable energy financings in Romania and the wider Central and Eastern European region, the company announced on June 24. The project finance…

The eighth edition of Theater Networking Talents (TNT), a festival dedicated to young theater directors and emerging creators in performing arts, is scheduled to take place early next month in Craiova. The event covers eight performances, masterclasses with Lorraine de Sagazan, a film evening, book launches, and other events. The festival’s main section gathers creations…

The fiscal stance, a measure based on the increase in net expenditure (deficit), including that financed by the EU budget, relative to medium-term potential GDP growth, will decrease from 2.5% of GDP this year (2.2% of GDP in 2025) to 0.7% of GDP in 2027, according to the European Commission’s projection included in the Convergence…

Premier Energy PLC has signed a bridge financing facility of up to EUR 825 million with JP Morgan and UniCredit to fund the acquisition of the Evryo group, including electricity distribution company Distribuție Energie Oltenia (DEO), the company said in a statement. The financing will be used to cover the purchase of Evryo, owned by…

Fast-casual restaurant chain Spartan plans to invest RON 15 million (approximately EUR 2.8 million) in expanding its network this year. The company aims to open at least ten additional units in 2026, six of which will be its own and four as franchises. It is also looking at development opportunities in several cities, including Bucharest,…

CTP, the developer, owner, and operator of industrial and logistics properties, is expanding FM Logistic’s facility at CTPark Bucharest by an additional 10,300 sqm. Following the expansion, FM Logistic will operate approximately 116,000 sqm across CTP’s industrial parks in Romania. FM Logistic currently occupies a 23,800 sqm facility at CTPark Bucharest, in Dragomirești Vale. Construction is…

The summer events are in full swing, with music for all tastes, tours, and workshops happening in the capital. In Bucharest: Athenaeum Summer Festival Until June 28 The closing concerts celebrate the 250th anniversary of the United States Declaration of Independence with music composed by John Williams. Soundtracks from Star Wars, Superman, Schindler’s List, E.T.,…

theMarketer, a Romanian company active in the automated marketing technology and customer data market, is acquiring the email marketing platform Conectoo from Conversion Marketing, a company within the eMAG Group.  The transaction is part of the company’s strategy to expand and strengthen its position in both local and international markets, it said. Through this acquisition,…