Economy | 9 December, 2024 at 2:31 PM
BVB launches revised corporate governance code for Romanian market, with EBRD support
The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world.
The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world.
Program empowers women in Romania to step into management or advisory board roles.
Research shows that companies with diverse boards are more likely to outperform their peers, leading to better business outcomes, smarter decision-making, and enhanced innovation.
The European Bank for Reconstruction and Development (EBRD) has announced a €10 million equity investment in Romanian retail chain La Cocoș. Additional equity funding will be provided by CEECAT Capital and Morphosis Capital to support the retailer's development plans.
Founded in 2014, La Cocos is a Romanian discount retailer currently operating three locations in Ploiesti and Bucharest.
The proceeds will be used, among others, for the development, construction, and operation of two solar photovoltaic plants in Giurgiu County, with a combined capacity of 315 MW.
Under this new agreement, 30% of the funds will be directed to projects supporting the transition to a green economy.
The total value of the investment projects that will be financed including with the help of the mentioned credits is RON 1.44 billion.
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 portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
The National Institute of Statistics (INS) has revised the economic performance for the first nine months of 2025.
Retail trade volume in Romania remained flat in November 2025 compared to the previous month, according to the latest data released by Eurostat.
Romania's Energy Minister Bogdan Ivan announced that discussions with operators about removing gas price caps began in September to prepare multiple scenarios and prevent sudden price increases after March 31 2026.
Erste Group has completed its acquisition of a 49% controlling stake in Santander Bank Polska and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych from Banco Santander for approximately €7 billion.
Romania's residential market is showing a significant acceleration in price growth compared to the European average, based on the Eurostat data for Q3 2025.