Category: Uncategorized
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Romanian organic fertilizers manufacturer Norofert issues RON 7 mln in bonds to fund expansion in U.S. and Brazil
Norofert (BVB: NRF), a Romanian producer of organic agricultural inputs, has issued RON 7 million (EUR 1.4 million) in bonds under the Multilateral Trading System of the Bucharest Stock Exchange (BVB), the company said on Monday. The issuance, identified under the ticker NRF29, consists of 69,503 unsecured and non-convertible bonds, each with a nominal value…
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Romanian star painter Adrian Ghenie exhibited for the first time at Brukenthal National Museum
The Brukenthal National Museum in Sibiu will host paintings by renowned Romanian artist Adrian Ghenie from Zenoviu Haiduc’s collection for the first time in September 2025. The paintings will be part of an event featuring major names in contemporary Romanian art. The exhibition will include works reflecting a wide range of approaches, from the neo-avant-garde…
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OMRO IFN, Part of Filbo Group, issues EUR 1.56 mln in bonds on the Bucharest Stock Exchange
OMRO IFN, a key player in Romania’s microcrediting and financial technology sector, has successfully listed its third corporate bond issuance on the Bucharest Stock Exchange (BVB). The new issue, totaling EUR 1.56 million, falls under the Multilateral Trading System and matures in 2029. This latest bond issuance, identified under the ticker OMRO29E, carries a fixed…
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VEKTOR by ARIR 2024: 26 companies listed on the BVB achieve maximum scores in the evaluation of the communication with investors
21 companies listed on the Main Market of the Bucharest Stock Exchange (BVB) achieved the highest VEKTOR by ARIR score in 2024, compared to 16 companies in 2023. 5 issuers out of 35 included in BETAeRO obtained a VEKTOR by ARIR score of 10 for investor communication, compared to 4 issuers in 2023. The indicator…
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Historic Casa Șerbu in Sighișoara to be restored and transformed into a Heritage HUB
The Mihai Eminescu Trust Foundation announced the launch of a restoration project for Casa Șerbu, a historic building in Sighișoara’s medieval citadel. The project is financed by the National Institute of Heritage (INP) through the Historic Monuments Stamp Program (TMI) under the “Restoration” subprogram and is scheduled to run from February 1, 2025, to September…
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Romanian developer Genesis Property appoints new CEO
Genesis Property, one of the leading office building owners in Romania, announced the appointment of Ionel Purice as Chief Executive Officer (CEO). Previously, Purice served as CEO of Genesis Development, part of the group founded by entrepreneur Liviu Tudor. In this role, he oversaw and managed Genesis Property’s construction projects and led the transformation of…
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Report: Romania’s retail market saw more projects in 2024, but total leasable area was 15% lower YoY
Romania’s modern retail stock reached 4.62 million sqm in 2024, with around 180,000 sqm of gross leasable area (GLA) delivered during the year. While this marked a 15% decrease compared to 2023, it was still one of the strongest years for new retail completions in the past decade, according to real estate consultancy Cushman &…
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880-space park & ride lot opens near Romania’s Cluj Airport
A park & ride parking lot with over 880 spaces opened near Cluj International Airport, in central Romania. Travelers can use the parking ticket to ride on the public transportation services serving the area for free. To mark the opening, Cluj-Napoca mayor Emil Boc parked the car he arrived in and took out a parking…
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Wizz Air to move Bucharest-Budapest flights to Băneasa Airport from March 30
Low-cost carrier Wizz Air announced that starting March 30, 2025, its flights between Bucharest and Budapest will be relocated from Henri Coandă International Airport to Bucharest Băneasa – Aurel Vlaicu International Airport. Passengers traveling on this route are advised to check their email for detailed information and to confirm the new departure or arrival airport.…
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Romania’s public debt hits 54.3% of GDP at end-Nov 2024
Romania’s public debt reached RON 937 billion (EUR 188.3 billion) at the end of November 2024, according to data published by the Finance Ministry. The debt-to-GDP ratio reached 54.3%, based on the latest four-quarter GDP available (RON 1,725 billion as of the end of September), up from 54.0% at the end of October and 48.8%…