Romania's largest chemical group, Chimcomplex, invited its shareholders on April 11 to endorse plans for a EUR 60 million loan, according to a note to investors published by the company.
The financing will be used for "implementing investments, carrying out any expenses provided for in the company's business plans, refinancing," among others, according to the company's note.
Chimcomplex will also ask for its shareholders' approval (the company is controlled by Stefan Vuza) to sell...
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...
The macroeconomic confidence indicator compiled by the CFA Romania Society increased marginally by 0.3 points month-over-month (m/m) to 37.5% points in September, thus remaining in the negative territory of the 0-100 scale, not far from the values seen over the past year and a half. While the expectations showed no visible trend over the period, […]
