The European Parliament (EP) has approved the establishment of a liaison office in Chisinau, following a proposal by the president of the Parliament of the Republic of Moldova, Igor Grosu, according to Digi24. The decision, announced...
Romanian fuel distribution firm JT Grup Oil, controlled by local businessman Jean Paul Tucan (90%), estimates its business at EUR 37 million and seeks to raise EUR 11 million-13 million in exchange for 28.5% with an IPO designed to capitalise on a highly optimistic growth story that relies mostly on the development of a EUR 25 million petroleum products terminal in Constanta port.
Most of the proceeds (80%) will be used to finance the company’s working capital, 10% for developing...
The European Parliament (EP) has approved the establishment of a liaison office in Chisinau, following a proposal by the president of the Parliament of the Republic of Moldova, Igor Grosu, according to Digi24. The decision, announced...
Romania's far-right politician Calin Georgescu, who won the first round of the presidential elections last autumn and tops the polls ahead of the repeat May ballot, has appealed to the Constitutional Court (CCR) the electoral authority's negative response to his presidential candidacy. At the same time, CCR received...
International rating agency Fitch affirmed Moldova's long-term foreign currency issuer default rating (IDR) at B+ with a stable outlook on March 7, balancing the relatively low public debt and relatively high GDP per capita against the geopolitical risks due to the war in neighboring Ukraine and a structurally...
Romanian energy minister Sebastian Burduja signed on March 10, in Budapest, with the Hungarian minister of foreign affairs and trade Péter Szijjártó, the agreement between the governments of the two countries on "solidarity measures to ensure the security of natural gas supply." "Romania and Hungary take the responsibility to react quickly in crisis situations in […]
Emma Group, controlled by Czech businessman Jiří Šmejc, will take over the Romanian company Diamedix Impex, specialising in marketing a wide range of reagents and equipment for diagnostic techniques, after the Romanian competition body cleared the deal. The GED investment fund, which about 15-20 years ago was an important player in the financial investor segment […]
Turkish commercial vehicle and defense manufacturer Otokar has announced the opening of a subsidiary in Romania (Otokar Land Systems) after it won, in partnership with local company Romtehnica, a contract worth EUR 857 million (VAT excluded) for over 1,000 4X4 armored vehicles with the Ministry of Defense. According to the contract, most of the vehicles […]