Two new private equity funds - Evolving Europe Principal Investments Fund II and Finance in Motion Renewables Growth Fund - will receive up to EUR 27.5 million under the national implementation of the Resilience Facility (PNRR) to invest in Romanian companies, the Romanian Ministry of Investments and European Projects (MIPE) announced.
The Investment Committee appointed by the Government of Romania for the Recovery Equity Fund (REF) approved the financing of the two new investment funds...
The organizers of the Sibiu Christmas Market, one of the most famous such events in the country, recently unveiled the dates for this year's edition. The 17th edition of the Sibiu Christmas Market will run from November 15, 2024, to January 5, 2025, lasting longer than previous years, according to local news outlet OraDeSibiu. Known...
Bucharest mayor Nicușor Dan announced that the land records for Unirii Square have been rectified, confirming that the Bucharest City Hall is the rightful owner and administrator of the entire above-ground area, settling the dispute between City Hall and District 4. On Monday, October 14, a conflict over construction permits and ownership rights over the […]
Ikea Romania reported a 12% increase in total sales for the fiscal year 2024 (September 1, 2023 to August 31, 2024) and a 5% rise in online commerce compared to the previous year. Its total sales for the fiscal year 2024 amounted to RON 1.4 billion (some EUR 280 million), up from RON 1.25 billion […]
Private healthcare provider Regina Maria has opened the Pallady Medical Campus on the premises of the former paint factory Policolor, in Bucharest's District 3. The company invested more than EUR 16 million to build and equip the campus, which spreads on an area of more than 5,000 sqm and five levels. It will serve both […]
Romanian hydropower group Hidroelectrica (BVB: H2O) recently held its first investors meeting after listing on the Bucharest Stock Exchange. The energy producer aims to spend RON 1.4 billion (EUR 281 million) over the next 4 years in upgrades, modernizations, and acquisitions. Of the 8,500 MWh produced in Romania this summer, half were generated by Hidroelectrica, […]
Romania is set to acquire 44 AAV-7 amphibious assault vehicles from the United States after the preliminary approval decision to initiate the procurement procedure was sent from Parliament to the Ministry of Defense. The ministry had requested Parliament’s prior approval, according to legal procedures, to begin the procurement process for the amphibious assault vehicles. The […]
