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The investment company Morphosis Capital is preparing its second private equity fund, Morphosis Fund II, which aims to make 9-10 investments worth EUR 10-15 mln on average each, the company’s representatives announced on October 9, Ziarul Financiar reported. “We are still in the fundraising phase, so it will probably be a little more than that,…

The Mega Image store chain controlled by Ahold Delhaize has announced a series of commitments aimed at ensuring the smooth functioning of the retail market, particularly regarding its acquisition procedures, if the Competition Council approves the economic concentration resulting from the acquisition by the Ahold Delhaize group of the Profi store network in Romania. The…

The capacity of the 87 wind and solar energy generation projects in Romania that have concluded power grid connection contracts, have a construction permit and also obtained a permit from energy market regulator ANRE reached 3,514MW, according to ANRE data quoted by Economica.net. The volume is almost double compared to March 1, when the installed…

Romania’s annual inflation rate fell sharply to 4.6% in September from 5.1% in August, according to the official report released by the statistics institute INS on Friday, October 11. The inflation rate since the beginning of the year (September 2024 compared to December 2023) was 3.8%. Within a year, the biggest increases were recorded in September for…

One United’s shareholders approved a proposed consolidation of shares at a ratio of 50 to 1 at the October 10 meeting, a move designed to reduce the number of shares in circulation, thereby decreasing share price volatility. The nominal value of each share will increase from RON 0.2 to RON 10 per share, with no…

Austria’s interior minister Gerhard Karner believes that while the flow of migrants has decreased, the time has not yet arrived for Romania and Bulgaria to join the land-based Schengen, the Austrian publication Kurier reported, quoted by Romanian Bursa.ro. The Council of Justice and Internal Affairs, inaugurated on the same day, had on its agenda the…

Farmers whose crops were affected by drought in proportion to 50% this year will not have to pay their debts to banks and non-bank financial institutions until August 1, 2025, according to one of the three emergency ordinances endorsed by the government of Romania on October 9. Minister of agriculture Florin Barbu announced that the…

The European Commission approved on October 10 the financial aid from the European budget in the total amount of EUR 119.7 mln aimed to provide exceptional support to farmers affected by unfavourable climatic phenomena in several countries, out of which EUR 21.5 mln will go to Romania, according to G4food.ro.  Other beneficiary countries are Italy,…

The European Commission will reportedly disburse only part of the EUR 2.3 bln Resilience Facility money to Romania, with EUR 1.1 bln temporarily retained for failure to meet a number of targets and milestones, according to sources familiar with the matter consulted by Economedia.ro.  The part of the money retained until all targets are met…

The Northern Lights colored Romania’s skies again on the night of Thursday, October 10, to Friday, October 11. People from across the country witnessed the natural phenomenon and shared spectacular images on social media. Caused by a powerful geomagnetic storm, the northern lights were visible from across Romania, from Bucharest to Baia Mare, Călărași, Galați,…