Category: Uncategorized

IBB Holding Group (IBB Holding), a Romanian group active in the construction industry, announced that its shareholders approved the issuance of bonds denominated in euros and their subsequent listing on the Bucharest Stock Exchange. The group thus plans to issue EUR 10 million of bonds with a minimum maturity of 24 months and a maximum…

Damen Shipyards Mangalia, under insolvency since June 2024 at the request of its shareholder Damen group, which is also managing the shipyard under an agreement with the Romanian state despite its 49% stake, announced it received two contracts that would keep it from completely sinking. The Romanian Black Sea shipyard will repair two ships under…

The Israel Philharmonic Orchestra led by Zubin Mehta will perform in Bucharest alongside piano legend Martha Argerich and violinist Lisa Batiashvili for two concerts marking 145 years since the first group of Jewish people received Romanian citizenship. The two events, organized by the Federation of Jewish Communities in Romania, are scheduled for September 29 at…

Romanian utility group Electrica (BVB: EL), with the state as the main shareholder (49.8%), announced it would develop a 70MWh storage capacity in the central part of the country at Fantanele, Mures County. The project involves EUR 22 million of investments (VAT excluded), of which EUR 3.4 million will be obtained as a grant under…

The volume of construction works in Romania contracted by 2.5% y/y in July, after the sector posted a marginal 0.2% y/y advance in Q2, according to data published by the statistics office INS. In seasonally-adjusted terms, the sector posted a moderate 1.0% y/y advance, which was rather a statistical effect of the workday adjustment since…

Romania is preparing to sell its first bonds on the Japanese market as the government tries to diversify funding sources to cover a growing budget deficit, according to Bloomberg and Ziarul Financiar. The move would follow similar steps of Slovenia (JPY 50 billion or EUR 311 million) and Hungary (JPY 40 billion or EUR 250…

The Bucharest Stock Exchange (BVB) is preparing to display real-time stock prices on an external display system at its headquarters in America House, Profit.ro reported. The display is meant to increase the visibility of publicly-traded Romanian companies. The number of investors at the Bucharest Stock Exchange has doubled in the last three years, reaching over…

Romanian president Klaus Iohannis recently approved the presence of a US special operations naval forces contingent, along with military equipment and materials from the United States Naval Special Warfare. The unit will come to Romania for “joint training and enhancing the ability to ensure an appropriate response to potential security challenges in the Black Sea…

The total grain exports through the Romanian Black Sea port of Constanţa decreased in the first eight months of this year, as the Ukrainian grain deliveries halved, representatives of the port authority told Agerpres, Bursa.ro reported. In the first 8 months of this year, 20.18 million tonnes of grain were exported from the Port of…

ATP Trucks Automobile, a Romanian manufacturer of commercial and passenger vehicles, is launching the new Truston 8×4 model at its first participation at the prestigious IAA Transportation 2024 fair in Hannover, dedicated to mobility solutions and commercial vehicles. ATP Trucks Automobile, which produces the Truston trucks, started this year a project to build a second…