Finance | 1 August, 2025 at 6:03 PM
Ministry of Finance offers new Fidelis bonds for retail investors
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors.
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors.
Romanian developer Hils Development has obtained a loan of RON 99 million (close to €20 million) from Libra Internet Bank for the construction of Hils Sunrise complex in Bucharest.
Romanian developer Scala Development, part of Ax Perpetuum group, has secured RON 119 million (€24 million) from Libra Internet Bank for the development of the Scala Sopor residential complex in Cluj-Napoca.
The Ministry of Finance raised RON 1.65 billion (€326 million) in July through its sixth offering of Fidelis government bonds this year on the Bucharest Stock Exchange (BVB).
Romanian developer Hexagon has secured a financing of over €18 million from Libra Internet Bank, for the development of a residential complex in Cluj.
The construction of the Bellemonde project will benefit from a total investment of over €40 million.
BCR recorded a net profit of RON 1.47 billion (€294 million) in H1 2025, a 12% increase from the same period last year. This performance was driven by an improved operational performance and a higher volume of customer business.
BRD-Groupe Société Générale has announced the appointment of Jean Pierre Georges Vigroux, an independent Board Member, as the Interim Chairman of its Board of Directors.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors.
Bucharest recorded 8,639 insolvency cases between August 2024 and July 2025, which is a 32% increase compared to the previous 12-month period.