Alpha Bank Group has provided a €175 million financing to the British M Core for the acquisition of several shopping centres in Romania.
Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.
M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
Romania posted in November in the highest inflation rate in the European Union, according to statistical office Eurostat.
Romanian construction company Bog'Art has published its 2024 Sustainability Report, marking the second year the company voluntarily reports on its environmental, social and governance performance. The report demonstrates the company's commitment to transparency and sustainable development in Romania's construction industry.
Fitch Ratings has affirmed its Long-Term Issuer Default Rating of BBB- with a negative outlook for Romanian state-owned nuclear power company Nuclearelectrica.
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.
Ebury, the global fintech specialising in international payments and FX risk management, has appointed Cosmin Bucur as its new Country Manager for Romania.