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.
The Modernisation Fund, Regional Programmes, Rural Development - Agriculture and Start-up Nation 2024 receive the largest allocations. Financial support ranges from €20,000 to over €57 million.
This is the company's second bond issuance after the one in 2021 when the company raised RON 164 million from investors.
The new funding round comes as FintechOS celebrates significant business achievements, including a 40% year-over-year growth and a 170% increase in operating margins.
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
The agreement signifies a joint commitment to enhance healthcare infrastructure in Romania.
Thanks to continuous and prudent lending policies, provisions were still low at approximately RON 58 million, but higher than in the same period last year.
Eurohold Bulgaria and Euroins Insurance Group have filed a Request for Arbitration against Romania at the International Centre for Settlement of Investment Disputes.
In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.
The newest ETF on the local capital market will start trading on the Bucharest Stock Exchange on May 29th, 2024, with symbol ICBETNETF.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
Romanian patients wait, on average, 460 days to access innovative medicines, even after these therapies have been approved for reimbursement by the National Agency for Medicines and Medical Devices (ANMDM).
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.