Business Forum
| 9 July, 2024 at 3:11 PM
Nor Real Estate secures €21 million loan from OTP Bank Romania
The real estate project is supported by Atenor, a European company with extensive experience in large-scale urban development.
The real estate project is supported by Atenor, a European company with extensive experience in large-scale urban development.
According to the NBR release, the annual inflation rate accelerated its decline in the first two months of Q2 2024, falling to 5.12 percent in May.
While Romanian M&A deal volumes increased in H1 2024 compared to H2 2023 by 13.8%, the decrease in deal volumes during the H1 of 2024 reflects the global trend in deal volumes.
tbi's profit for the first six months of 2023 has already been capitalized upon approval by the Bulgarian National Bank at the end of 2023.
Electronic invoicing also generates advantages in terms of operational efficiency, flow control, elimination of costs and risks associated with sending and storing paper documents
In the first half of 2024, the fund returned almost 20%. Raiffeisen Asset Management's assets under management have increased by €180 million since the beginning of the year.
Investment led by the European Bank for Reconstruction and Development (EBRD), Sofina, Index Ventures, Quadrille, and TCF Capital, complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up Initiative.
The agreement signed with the European Investment Bank is supported by the Ministry of Investments and European Projects, through the State aid and de minimis Scheme.
he annual interest rate of the bonds is 9% (paid quarterly) with maturity at the end of 2026. However, the bank has the right to redeem the bonds one year earlier.
EIB Vice-President Ioannis Tsakiris meets Romanian finance, investments and transport ministers as well central bank head.
In total, in the last 10 years, ING has granted facilities of €3 billion for the Digi group.
Most companies in Romania, 7 out of 10 cases, risk severe damages or the closure of the activity, because they are not insured for their specific needs.
The transaction, which consists of performing consumer loans having a balance of approx. RON 97 million as of 30 April 2024, is expected to close in September 2024.
Rolling Facility is a new service available on SeedBlink Syndicates that consolidates multiple small investments into a single entity to streamline cap table management.
Customers can choose to block cash withdrawals from ATMs, internet payments or POS payments, but also operations that fall under the most common types of fraud.
This agreement was facilitated by the InvestEU programme, which aims to trigger over €372 billion in additional investment over the period 2021-2027.
More than half of the respondents (57%) believe that it is very likely that our country will face an economic crisis in 2024.
This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank.
This practice is also especially popular among Hungarians and Poles (84% and 80% indications respectively).
For those who monitor their common expenses, the preferred tool is the banking application, used for this purpose by 36% of the respondents.
The project is located in Buzau County, Romania and in its 1st phase, 30 Vestas wind turbines will be installed until 2025.
The project, carried out in partnership with InnovX, supports Romanian Mid-Corporate businesses in developing advanced technologies and innovative solutions for Industry 4.0.
It will help reduce Romania energy sector's carbon footprint by an estimated 500,000 tons of carbon dioxide equivalent emissions per year.
The loan proceeds are intended to fund the development costs associated with finalizing the retail park.
Optional pension funds in Romania can allocate up to 10% of their total assets to private equity investment funds in Romania, the EU, and OECD countries.
BCR achieved a net profit of RON 742 million (€149 million) during Q1 2025, marking a 19.8% increase compared to the RON 620 million (€125 million) in Q1 2024
A study by Forvis Mazars Group reveals that while C-suite executives in Romania and CEE remain largely optimistic about growth.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.
Engie Romania has announced the acquisition of a 54 MW wind farm project in Mereni, Constanța. The deal contributes to the company's goal of reaching 1 GW of installed capacity.