The agency Standard& Poor?s reconfirms, on Friday 15th April this year the sovereign rating for the governmental debt of Romania at BBB-/A-3 for the long and short term debt in local and foreign currency, as well as the outlook stable, shows the press release sent by the Ministry of Finances. According to the agency, Romania’s rating is supported by the statute of member of the European Union and the robust access to financing on the international capital markets. Similarly, the risks generated by the conflict in Ukraine are diminished by the perspective of absorption of an important volume of European funds (Romania being one of the main beneficiaries of the structural funds included in the Multiannual Framework of the EU and the Facility for Recovdry and Resilience) as well as the low energy dependence of our country on the natural gas and oil coming from Russia. ‘The Romanian government takes efficient measures to counteract the effects of the energy crisis and the war in Ukraine. We are not the only ones to say that, Standard&Poor’s are also confirming the country rating and the high degree of safety for investors keeing the stable perspective’ said minister Adrian Caciu. According to the ageny, sustainable economic growth cumulated with the reduction of the fiscal deficit of the government could lead to the consolidation of the productive capacity of Romania’s economy and as a result to a possible action of improving the sovereign rating of our country.
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]
Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
