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BUSINESS

Foreign exchange reserves up to EUR 32.369bn

On October 31, 2018, the National Bank of Romania’s foreign exchange reserves stood at EUR 32,369 million, compared to EUR 31,421 million on September 30, 2018. During the month, the following flows were recorded: –  EUR 2,723 million worth of ...

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EBRD revises downwards forecast about Romania’s growth in 2018 and 2019

Romania’s economy is expected to register a 4.2% growth this year, and the economic growth will decrease to 3.6% next year, according to the latest forecasts released on Thursday by the European Bank for Reconstruction and Development (EBRD). Compared with ...

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OMV Petrom – sole titleholder and operator of four onshore oil exploration blocks after Repsol’s withdrawal

The National Agency for Mineral Resources (ANMR) has approved the takeover by OMV Petrom of the Repsol’s stake in four onshore exploration licenses. Following the ANMR approval, OMV Petrom becomes the sole titleholder and operator of the four exploration blocks ...

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Unilever concludes Betty Ice acquisition

Unilever has announced that the acquisition of Betty Ice Romanian ice cream producer has been closed after the deal had been agreed between the two parties in January this year. The Romanian Competition Council has Okayed the deal, and thus ...

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Dunwell helps PepsiCo expand its storage capacity by more 27,000sqm

Dunwell, the first brokerage company in Romania specialised in the real estate industrial segment, has concluded two transactions through which PepsiCo has expanded its storage capacities by renting spaced  totaling 27,000sqm. The negotiations started in June this year have ended ...

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Finance Ministry to borrow RON 4.74bn in November

The Finance Ministry aims to borrow in November RON 4.73 billion, by RON 65 million more than in the previous month. In October, the Finance Ministry aimed at attracting RON 4.675 billion, by 18.8% more than in September, ziare.com reports. ...

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Aforti Finance, providing financing to SMEs, enters the IFN register of BNR, ready to start operations in Romania

Aforti Finance Romania IFN S.A. announced that it will enter the register of the non-banking financial institutions of the National Bank of Romania (BNR) and is thus ready to begin operations in Romania as a fully-fledged lender. Aforti Finance is ...

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Cordia Romania, Futureal Group’s residential division, to invest EUR 50 M on the local market in the upcoming year

Cordia Romania, the residential investment division of Spanish Futureal Group, plans to invest EUR 50 million on the local market for the next year, which is part of a long-term development roadmap. The real estate developer aims to deliver about ...

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