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Romania Sells RON300M In 5-Year Bonds At 2.68% Average Yield
Banks-Insurance

Romania Sells RON300M In 5-Year Bonds At 2.68% Average Yield

Romania’s Finance Ministry on Monday raised a planned 300 million lei (EUR67.7 million) in five-year bonds at an average yield of 2.68%, central bank data showed.

Oana Gavrila · 24.08.2015 · 15:09 · 1 min
Texas Pacific Group Acquires Hungarian TriGranit, But Romanian Portfolio Not Included
Real Estate

Texas Pacific Group Acquires Hungarian TriGranit, But Romanian Portfolio Not Included

American company Texas Pacific Group (TPG) has acquired Hungarian property developer TriGranit, but the transaction does not include the portfolio in Romania, according to Hungarian media.

Ecaterina Craciun · 10.08.2015 · 19:37 · 1 min
Residential Compound Domenii Park Sold Over 50 Of A Total 63 Apartments
Real Estate

Residential Compound Domenii Park Sold Over 50 Of A Total 63 Apartments

Domenii Park, an investment of EUR16 million carried out by Cyrom Investments during the crisis period, on Friday said it sold over 90% of the 63 apartments of the residential compound locat...

Ecaterina Craciun · 07.08.2015 · 16:31 · 1 min
New Leu Loan Sales Beat Pre-Crisis Record In June
Banks-Insurance

New Leu Loan Sales Beat Pre-Crisis Record In June

New leu loans taken out by individuals and companies hit a record high of 5.4 billion lei (EUR1.22 billion) in June, 50% higher than in the year-ago month, and RON100 million higher than the...

Loredana Frățilă-Cristescu · 30.07.2015 · 00:00 · 1 min
Modern Retailers Sell EUR250m Worth Of Romanian Fruit And Vegetables A Year
Retail&Consumer

Modern Retailers Sell EUR250m Worth Of Romanian Fruit And Vegetables A Year

The 12 modern retail chains (hypermarkets, supermarkets, discount and cash&carry stores) in Romania sell EUR150 million to EUR200 million worth of Romanian-grown fruit and vegetables a year,...

Loredana Frățilă-Cristescu · 30.07.2015 · 00:00 · 1 min
Flanco To Start Selling Private Label Products Next Month
Retail&Consumer

Flanco To Start Selling Private Label Products Next Month

Flanco, the second leading computer and electronics retailer in Romania by revenue, will begin selling its first private label products in August.

Loredana Frățilă-Cristescu · 29.07.2015 · 00:00 · 2 min
Bid On Romania's Selling Majority Stake In Petromidia Expected In 1H 2016 – Rompetrol Head
Companies

Bid On Romania's Selling Majority Stake In Petromidia Expected In 1H 2016 – Rompetrol Head

The bid on Romania’s Energy Ministry selling a 26.69% minority stake in oil company Rompetrol Rafinare, which manages the Petromidia Refinery on the Black Sea coast, may take place in the fi...

Manuela Panescu · 21.07.2015 · 13:04 · 2 min
KPMG Head: Romanian Banking Sector Seen Strengthening Furthermore; Greek Branches May Be Put Up For Sale
Banks-Insurance

KPMG Head: Romanian Banking Sector Seen Strengthening Furthermore; Greek Branches May Be Put Up For Sale

The Romanian banking sector may strengthen furthermore, continuing the positive trend in 2014 and early 2015, while the four branches of the Greek-based banks may be put up for sale as part...

Manuela Panescu · 15.07.2015 · 15:00 · 2 min
Otelu Rosu Plant Put Up For Sale At EUR41M
Energy

Otelu Rosu Plant Put Up For Sale At EUR41M

Molten steel producer Otelu Rosu, under the patrimony of Russia’s Invest Nikarom, will be put up for sale for EUR41.8 million, VAT excluded.

Manuela Panescu · 08.07.2015 · 13:01 · 1 min