The Romanian government has amended its fiscal austerity rules to ease restrictions on spending by local authorities, Digi24 reported. The decision modifies Emergency Ordinance (OUG) 52/2025, which had previously frozen most local...
The Competition Council announced on Friday that it analyzes the transaction by which Italians from AFV Acciaierie Beltrame SpA intend to take over the stock belonging to COS Targoviste which is now in judicial reorganization. Functional stock that is part of the transaction includes real estate assets, equipment needed for the production activity, and other activities. COS Targoviste is the only manufacturer of concrete steel in Romania. The company was in the portfolio of the Russian group Mechel and is now controlled by Mazur Investments Ltd, an offshore from Cyprus with over 86% of shares. Beltrame Group, a company activating in the steel industry, with branches in Italy, France, Germany, Romania and South America, a European leader in the manufacture of commercial laminated bars and profiles, offered 38.3 million euros for COS Targoviste shares. COS Targoviste is now in judicial reorganization procedure, production activities stopping in 2019. In Romania, AFV Group Beltrame acts by means of Donolams, which own and operates the production unit. The group also includes Beltrame, a newly setup company.
The Romanian government has amended its fiscal austerity rules to ease restrictions on spending by local authorities, Digi24 reported. The decision modifies Emergency Ordinance (OUG) 52/2025, which had previously frozen most local...
The Romanian software and IT services industry continued its growth trajectory in 2024, exceeding the EUR 17.7 billion turnover threshold, a nominal increase of over 13% y/y or EUR 2.1 billion compared to the previous year, according to data presented by Diana Şipoş, executive director of the Employers' Association of the Software and Services Industry […]
Romanian telecom operator Digi Communications (BVB: DIGI) plans to list its Spanish subsidiary in an initial public offering (IPO) expected to value the business at around EUR 2.5 billion, Profit.ro...
International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country's sovereign, the highest rating the agency could have assigned to the company. However, Romgaz's BBB- rating benefits from a one-notch uplift from its bb+ Standalone Credit Profile (SCP) […]
The International Center for Settlement of Investment Disputes in Washington (ICSID) rejected the Romanian government's request to terminate the arbitration case filed by the Bulgarian group Eurohold (Eurohold Bulgaria AD) and its insurance arm Euroins Insurance Group (EIG) due to the withdrawal of the license and the declaration of bankruptcy of Romanian subsidiary Euroins Romania […]
Swiss cement producer Holcim has signed a binding agreement to acquire Germany’s Xella Group, one of the largest players in Romania’s construction materials industry, Profit.ro reported. The deal, valued at EUR...