The president of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, is visiting Romania on March 20-21, where she will meet with a number of government officials and business representatives.According to a press release of the international financial institution, the visit of the EBRD President comes at a time when the institution is preparing new five-year strategies for Romania and Bulgaria, which will go into public consultation at the end of this year.EBRD investments in Bulgaria doubled last year, reaching 272 million euros, while in Romania they increased from 658 million euros to 707 million euros, the financial institution firmly supporting the transition to a green economy in both countries.In Romania, Odile Renaud-Basso will meet with prime minister Marcel Ciolacu, finance minister Tanczos Barna, energy minister Sebastian Burduja, as well as business representatives, diplomats and civil society representatives. Odile Renaud-Basso will be accompanied by the EBRD director for Romania, Victoria Zinchuk."The EBRD is a key partner and a major institutional investor in both Bulgaria and Romania. This visit underlines the EBRD's commitment to supporting economic development," said Odile Renaud-Basso, quoted in the press release.The EBRD is a major institutional investor in Romania, was the organization has invested over 11.6 billion euros in 560 projects. A significant share of its financing supports private sector development, sustainability and innovation.
The Board of Directors proposes a gross dividend of RON 0.11/share, with a 7.64% yield. RON 97.8 million is the estimated fund allocated to dividends in 2024. The own share buyback operation is within 4.46% of the share capital. The net result of RON 263.66 million increased by 29.4% compared to 2023. The value of […]
DIY retailer Dedeman has acquired approximately 6 hectares of land near the Giurgiu customs, at the border with Bulgaria. The transaction, brokered by real estate consultancy Colliers, brings Dedeman to the last county in Romania where it had no stores, allowing it to expand its network further. Dedeman, controlled by entrepreneurs Adrian and Dragoş Pavăl, […]
Dulcinella, a Romanian network of confectionery and pastry shops with Bessarabian roots, aims to increase the number of locations by 80%, from 20 to 100, by the end of 2026. Of these, 80% will be created through franchising or operation, two types of partnerships defining Dulcinella Group's strategy in the coming years, it said. By […]
Romanian Cosmin Crăciun drove approximately 26,000 kilometers from Buzău, southern Romania, to Yakutsk, Russia, the coldest city in the world, using his personal car. His journey took 53 days roundtrip. Crăciun began his expedition in January of this year, traveling through Turkey, the Caucasus Mountains, and Kazakhstan before reaching the first destination on his itinerary, Lake […]
Rubik Hub is refocusing this year’s edition of its international scaling accelerator, Rubik Scale, from the US to the UK. The organization has opened two spots for seed-stage startups that aim to expand in the UK. Applications are open until April 10 on the official website. “Just like startups, we need to keep a close […]
Jason Derulo, the international music star known for hits like “Wiggle” and “Talk Dirty,” is set to make his debut in Romania at the FOMO – Festival Of Modern Owners. However, he’s not performing this time but sharing his entrepreneurial insights as a speaker. At the event in Romania, the music superstar, who has sold […]
