Tag: Alexandru Nazare (28 articles)

Finance   |   27 March, 2026 at 1:00 PM

JCR upgrades Romania's rating outlook to stable

Japan Credit Rating Agency (JCR) announced on Friday the reconfirmation of Romania's country rating at BBB (foreign currency) and BBB+ (local currency) and improved the outlook from negative to stable.

Finance   |   29 January, 2026 at 5:26 PM

Romania raises €367 million through Fidelis bond sale

Romania's Ministry of Finance attracted RON 1.86 billion (€367.3 million) through seven government bond issues for retail investors in January, marking the first Fidelis offering of 2025. The bonds began trading on Bucharest Stock Exchange (BVB) on Thursday.

Finance   |   27 January, 2026 at 3:26 PM

Romania cuts cash budget deficit to 7.65% in 2025

Romania's Ministry of Finance announced that the consolidated general budget execution for 2025 ended with a cash deficit of RON 146.03 billion (€28.65 billion), representing 7.65% of GDP, down one percentage point from the 8.67% deficit recorded in 2024.

Finance   |   19 December, 2025 at 3:08 PM

New Fidelis bonds listed on BVB

Romania's Ministry of Finance attracted almost RON 1.5 billion (€293 million) through its 11th Fidelis government bond offering of 2025, which began trading on the Bucharest Stock Exchange.

Finance   |   14 November, 2025 at 12:42 PM

BID Romania joins €100 million fund for CEE growth companies

The Romanian Investment and Development Bank (BID) has committed €20 million to the Three Seas Initiative Innovation Fund, becoming the fifth national promotional institution to support the EIF-led investment vehicle targeting growth-stage companies across Central and Eastern Europe.

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Romania sees surge in large company insolvencies
Finance

Romania sees surge in large company insolvencies

Romania's Q1 of 2026 marks a shift in economic pressure from small businesses to larger companies with significant economic impact. According to analysis by CITR, the country's leading insolvency and restructuring firm, 19 companies with assets exceeding €4 million each entered insolvency in Q1 2026, compared to just two in the same period last year.

Industry

Sphera Franchise Group posts sales growth in Q1 2026

Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.

Finance

BT posts 30% profit jump in Q1 2026

Banca Transilvania (BT) said its consolidated net profit reached RON 1.14 billion lei (€228 million) in Q1, representing a 30.1% increase compared to the same period last year. Total assets for the group expanded to RON 227 billion lei (€45.4 billion) as the institution neared the milestone of five million active customers.

Real estate

Arcadis signs major lease at Business Garden Bucharest

Vastint Romania has announced a new leasing contract with Arcadis Romania, which will occupy 1,183 sqm in building A of Business Garden Bucharest. The global design, engineering and consultancy company joins a growing community of international tenants at the development.