Finance | 24 March, 2025 at 5:05 PM
EC green lights Romania's CEC Bank recapitalisation
The European Commission (EC) has determined that Romania's €200 million (RON 1 billion) recapitalisation of CEC Bank.
The European Commission (EC) has determined that Romania's €200 million (RON 1 billion) recapitalisation of CEC Bank.
The European Investment Bank (EIB) is committing up to €30 million to co-finance a major onshore wind farm project in the eastern part of the country, near the Black Sea coast.
Romanian chemical producer Chimcomplex will propose to its shareholders to approve the contracting of new loans with a combined value up to €60 million
Existing investors reinvest to support continued innovation and expansion.
Private sector transactions included a €40 million risk-sharing agreement with Banca Transilvania for Omnia Europe SA.
For households, green loans amounted to around RON 10 billion in September 2024, +50% compared to September 2023, and accounted for 5.7% of the bank loan portfolio to this segment.
The team of lawyers has advised throughout the entire process, including on aspects regarding financial structuring, regulatory and due diligence.
he financing includes a loan to be used for the construction of the development in the amount of €28.5 million.
Investors are still on hold today. As Property Forum's recent survey showed, two-thirds of investors are expected to continue to take a ‘wait and see' stance and look for a better vision of the future in the coming period. But, as the speakers of the investor expectations panel of SEE Property Forum 2024 showed, there are opportunities available all over CEE, including Romania.
Property Forum is excited to announce the results of its second annual investment market sentiment survey focusing on the Romanian market which was conducted ahead of SEE Property Forum 2024. The results, providing an overview of market expectations across sectors, are now available online.
Raise Hub empowers European startup founders to manage their fundraising, making access to capital more flexible and accessible by leveraging SeedBlink's digital infrastructure.
The investment plans now being developed in these 15 countries, as a phase 1, are expected to make up a significant proportion of that financing effort.
The new round, worth $1,000,000, was led by the Czech fund Soulmates Ventures. Early Game previously invested in Youni, through Early Game Fund I.
The new funding round will help Ogre AI to further expand its technological capabilities and strengthen its market presence.
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.
The construction of the Bellemonde project will benefit from a total investment of over €40 million.
Nine Realms' fund will support early-stage companies in the supply chain technology sector, with a strong focus on climate and environmental impact - including the blue economy.
The account opening process on the iBanFirst platform has been streamlined from 10 days to just a few hours, ensuring compliance and AML requirements are met efficiently.
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).