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Fagura, the fintech platform that connects entrepreneurs and investors, announces a new €1 million funding round secured through convertible notes.

Strong investor demand allowed initial indicative price of 6% to fall by 37.5 basis points to a price of 5.625%, while the peak value of orders reached more than €800 million.

The transaction adds to a record portfolio of nearly 5 GW of renewable energy projects advised in 2024, across various areas.

Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.

The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.

AI boom could further threaten 2050 decarbonization commitments unless used responsibly and scaled to its full potential as a lever of achieving net zero.

Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase. 

The project covers an area of ​​8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.

Lower discount rates make their future cash flows more attractive, leading to higher valuations.

Project will be co-financed from an EU program run by the Romanian Ministry of Energy.

Energy and sustainability were pivotal topics of the event. Romania reaffirmed its ambition to achieve energy independence by 2030.

Residential deliveries in the Bucharest-Ilfov region were down 23% in the first half of 2024 compared to the same period of last year, according to a report by SVN Romania. The agency estimated last spring that this year could bring the lowest number of new homes delivered in the past five years.

The number of construction permits for residential buildings in Bucharest decreased with an annual rate of 4.2% in the first 9 months of 2024.

Romania has the seventh largest M&A transaction in Central and Eastern Europe in the first 9 months.The value of global transactions reached $1.6 trillion, up by 10%.

With the help of technological solutions, continuous auditing will become a proactive tool, not just reactive, playing a crucial role in supporting strategic decisions.

Hyatt Hotels Corporation has announced plans to expand in the Balkans region, with five Hyatt Regency hotels and resorts expected to open by 2027.

The collaboration involves key activities critical to the brand's long-term success in these new markets, including identifying and selecting franchise partners.

Romania is at 34% of the EU average in innovation in 2024, and the startup success rate is not above 10%.

The BeeFast SaaS platform provides real-time visibility of delivery operations through an intuitive dispatcher tailored to the specific requirements of instant deliveries.

The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.

Program empowers women in Romania to step into management or advisory board roles.

This is the second year that Banca Transilvania has been rated by Moody's, the rating agency's accreditation supporting BT's efforts to maintain the most efficient cost of capital.

tbi reports 26% YoY growth in total assets as to the end of September 2024, reaching €1.7 billion.

In 2024, the life insurance market continued to register significant growth amid key economic and social factors.

Nhood Services Romania has been selected to support the international expansion of the Romanian restaurant chain Spartan.

he financing includes a loan to be used for the construction of the development in the amount of €28.5 million.

Romania ranks sixth in Eastern Europe in terms of international gold reserves held.

The CONFIDEX Index, which measures confidence in the economy, remains at a level similar to the first half of the year, standing at 52 points.

Turnover was approximately RON 231 million in the first nine months of the year.

The Group currently operates 23 logistics parks, with strategic emphasis on urban logistics projects and Big Box facilities.

Romania ranks 2nd among iBanFirst's 10 European markets by average value of forward transactions carried out through the platform (€231,000).

Aiming to eliminate pay discrepancies between men and women across the European Union, the European Council adopted new pay transparency regulations.

Rompetrol Rafinare announces a turnover of 3.57 billion dollars and losses of 66.7 million dollars in the first 9 months of the year.

IMPACT had 333 pre-sold units in all projects as of September 30, 2024, with a total value of RON 193 million.

Wallberg has obtained the construction permit and financing for the fourth residential building in the XCity Towers complex in Timișoara.

Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.

ROCA Industry reports in the first 9 months of this year a turnover of 517 million RON, at a cumulative level for the companies in the portfolio, increasing by 9% compared to 2023.

DRUID was also named the winner of the CE Tech Rocketship special category, offered by Google Cloud, the program's technology partner at regional level.

BestElectricVan is a unique competition in Romania, organized by FloteAuto in partnership with the Ministry of Environment, supported by Arval.

Normalized net profit increase of 66.3% compared to 9 months 2023, to RON 71.4 million, almost 90% of the normalized profit of the entire previous year.