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.
tbi bank's consolidated unaudited financial results for the first quarter of 2024 show net profit of €11.3 million – almost 40% higher than the profit in Q1 2023.
Although significant strides have been made in recent years, international relevant bodies estimate that between $800 billion and 2 trillion are laundered globally every year.
The planned €24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out.
May 17th is the first day of trading for FORT shares on the AeRO market of the Bucharest Stock Exchange, under the stock ticker 4RT.
Total assets reached €4.7 billion at the end of the first quarter, up 8% compared to the first quarter of 2023.
Tavex experts recommend holding investment silver for at least five years to achieve a return above the rate of inflation.
Household goods insurance against disaster risks, providing homeowners peace of mind regarding the costs of repairing or replacing affected personal belongings.
Romanian tech retailer Flanco has announced its most significant expansion strategy in six years, committing approximately RON 20 million (close €4 million) to investments.
Flip.ro, the Romanian platform dedicated to refurbished electronic devices, has concluded its fiscal year with a 45% year-over-year increase.
Energy bills for households will increase once the price capping scheme is scrapped in July, finds a new study by the Energy Policy Group (EPG).
Major Romanian cities are collectively investing over €30 million in smart waste collection infrastructure, find a new analysis by Clean Recycle.
Furniture giant IKEA has opened its first Plan and Order Point in Bucharest, located in the Orhideea area.