In the last two weeks the regime vs. opposition conflict in Syria took on new dimensions that foreshadow the fact that it has entered its final phase. On one hand, Syrian anti-aircraft artillery shot down a Turkish fighter plane at the end of May, an action that suddenly heated bilateral and regional relations. Turkey notified [...]
Ussuri Capital Partners (UPC), a company based in Turkey with Ukraine’s Roman Kurashev as CEO and co-founding member, announced that it is launching the first round of financing, through which it wants to raise EUR 60 mln for the first phase of the planned EUR 900 mln steel plant in Romania, according to Economica.net. The […]
The sovereign fund of the state of Singapore (GIC) is reportedly considering the sale of the logistics project P3 in Romania, estimated at EUR 265 mln, according to Ziarul Financiar, quoting data familiar with the negotiations. CTP, WDP, as well as Garbe and Hillwood are reportedly among the interested...
Romania's leading financial group, Banca Transilvania (BVB: TLV), announced the final results of the FX bond issued on September 25, when it raised EUR 700 mln in bonds maturing in 2030, listed on the Dublin Stock Exchange and eligible for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). This marked the second year […]
The farmers, whose crops were damaged in a proportion superior to 50% by the drought in the previous farming year, will have their dues to bank and non-bank financial institutions deferred until August 2025 and will get state aid in the form of loans, according to the amendments to some emergency ordinances agreed by the […]
Despite the opposite statement of government officials, the authorities in Bucharest seek to defer the delivery of the fiscal consolidation plan, expected by the European Commission in principle by September 20, until after elections in January 2025, according to Ziarul Financiar quoting sources familiar...
Romania undergone the sharpest deterioration of its 2024 growth outlook among the set of countries covered by the European Bank for Reconstruction and Development (EBRD): -1.8 percentage points (pp) from 3.2% in May to 1.4% in September, according to the Bank's regional report published on September 26. The 1.4% growth rate makes Romania one of […]
