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  5. BNR keeps key interest rate at 1.75 pc...

BNR keeps key interest rate at 1.75 pc per year, lowers minimum reserve requirements for forex

January 8, 2016

The National Bank of Romania’s (BNR) Board of Directors decided on Thursday to maintain the key interest rate at 1.75 per cent per year and to lower the mandatory minimum reserve requirements for forex-denominated liabilities by two percentage points to 12 per cent starting in the January 24 – February 23 period, a press release […]

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Romanian organic fertilizers manufacturer Norofert issues RON 7 mln in bonds to fund expansion in U.S. and Brazil

Norofert (BVB: NRF), a Romanian producer of organic agricultural inputs, has issued RON 7 million (EUR 1.4 million) in bonds under the Multilateral Trading System of the Bucharest Stock Exchange (BVB), the company said on Monday. The issuance, identified under the ticker NRF29, consists of 69,503 unsecured and non-convertible bonds, each with a nominal value […]

OMRO IFN, Part of Filbo Group, issues EUR 1.56 mln in bonds on the Bucharest Stock Exchange

OMRO IFN, a key player in Romania’s microcrediting and financial technology sector, has successfully listed its third corporate bond issuance on the Bucharest Stock Exchange (BVB). The new issue, totaling EUR 1.56 million, falls under the Multilateral Trading System and matures in 2029. This latest bond issuance, identified under the ticker OMRO29E, carries a fixed […]

VEKTOR by ARIR 2024: 26 companies listed on the BVB achieve maximum scores in the evaluation of  the communication with investors

21 companies listed on the Main Market of the Bucharest Stock Exchange (BVB) achieved the highest VEKTOR by ARIR score in 2024, compared to 16 companies in 2023. 5 issuers out of 35 included in BETAeRO obtained a VEKTOR by ARIR score of 10 for investor communication, compared to 4 issuers in 2023. The indicator […]

Historic Casa Șerbu in Sighișoara to be restored and transformed into a Heritage HUB

The Mihai Eminescu Trust Foundation announced the launch of a restoration project for Casa Șerbu, a historic building in Sighișoara's medieval citadel. The project is financed by the National Institute of Heritage (INP) through the Historic Monuments Stamp Program (TMI) under the "Restoration" subprogram and is scheduled to run from February 1, 2025, to September […]

Romanian developer Genesis Property appoints new CEO

Genesis Property, one of the leading office building owners in Romania, announced the appointment of Ionel Purice as Chief Executive Officer (CEO). Previously, Purice served as CEO of Genesis Development, part of the group founded by entrepreneur Liviu Tudor. In this role, he oversaw and managed Genesis Property’s construction projects and led the transformation of […]

Report: Romania’s retail market saw more projects in 2024, but total leasable area was 15% lower YoY

Romania’s modern retail stock reached 4.62 million sqm in 2024, with around 180,000 sqm of gross leasable area (GLA) delivered during the year. While this marked a 15% decrease compared to 2023, it was still one of the strongest years for new retail completions in the past decade, according to real estate consultancy Cushman & […]