Category: Uncategorized

The shares of three companies listed on the Bucharest Stock Exchange – Premier Energy, Electromagnetica, and Iproeb Bistrița – will be included in the MSCI Frontier and MSCI Romania indices.  Premier Energy, which was listed on the Bucharest Stock Exchange at the end of May, will be included in the MSCI Frontier and MSCI Romania…

Exim Banca Romaneasca has issued a state guarantee for the AAylex ONE Group, one of the leading players in the Romanian food industry and the owner of the Cocorico brand, which benefited from a syndicated credit facility amounting to EUR 20 mln to support the company’s operational activities and ongoing development in line with its…

The immersive video project George Enescu – Poema Română: Immersive Experience will be presented on August 19 at the Museum of Immersive New Art (MINA) in Bucharest. The project is part of a series of productions that Artexim, the organizer of the George Enescu International Festival and Competition, has planned to mark the 143th anniversary of…

The first public maternity hospital built in Timișoara in the last 50 years was inaugurated on Monday, August 12, within the campus of the Timișoara County Hospital.  The maternity facility was constructed as part of a cross-border project with Hungary called “Children Beyond Borders – Connecting Obstetrics, Gynecology, and Neonatology Medical Services between the Pius…

The acceleration program Orange Fab, run by Orange Romania, has announced another call for projects, aiming for at least six startups to join the acceleration program in the next twelve months. Orange Fab plans to develop pilot projects alongside the selected startups and later integrate them into business solutions.  One of the program’s priorities is…

Romania’s current account (CA) deficit widened by 34% y/y to EUR 12.2 billion in the first half (H1) of 2024, according to data published by the central bank (BNR). The CA has deteriorated particularly fast in the second quarter (Q2): +57% y/y to EUR 8.1 billion.  On a longer-term perspective, the CA in 12 months…

Romania’s gross (public and private) external debt increased by EUR 6.77 billion, roughly 2% of the country’s GDP, in January-June 2024 to EUR 176.8 billion (around 50% of GDP) at the end of June, according to the data published by the National Bank of Romania. Of the total volume, intra-group loans represent EUR 43.8 billion,…

The European Commission (EC) on August 13 announced that it approved, under the EU rules on state aid, a EUR 99.5 million (EUR 495 million) extended by Romania to Nokian Tyres. Romania has notified the Commission of its plan to support Nokian Tyres in setting up a new zero-carbon tire factory in Oradea, in Bihor…

DSPE Beta Private Equity Fund of South Korea, managed by DS Private Equity and a minority shareholder of NuScale, has a preliminary national security clearance from the Romanian state to take over 33.33% of the shares of RoPower Nuclear, the project company established by Romanian company Nuclearelectrica for the development of the small nuclear reactor…

Romanian hydropower group Hidroelectrica announced that its revenues dropped by 26% y/y to RON 5.15 billion, or just over EUR 1 billion, and its net profit plunged by 32% y/y to RON 2.7 billion (EUR 540 million) in H1. The operating margin and the net margin decreased mainly as a result of the decrease in…