The Romanian investment market recorded transactions of around €476 million last year, down by more than half over 2022's cycle high of €1.25 billion.
For Terra Romania Utilaje de Construcții, part of the Austrian group Terra Holding, 2023 was the best year in its history on the local market.
Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices and the interest rate, they are currently under strain.
Impact Developer & Contractor (symbol IMP) raised over one million euro in the first 72 hours of issuing the bond offer. The public offer is ongoing until February 23, 2024.
Oil major OMV Petrom and state-owned Complexul Energetic Oltenia (CE Oltenia) have signed contracts to design and execute four photovoltaic parks in Romania.
Electricity supplier Restart Energy One has filed a request at the Timiș Court for the initiation of a composition with creditors procedure to address temporary financial challenges.
The Fidelis government bonds, issued in April by the Ministry of Finance, started trading on the Bucharest Stock Exchange (BVB) on Thursday.
Consumer spending in Romania has shown signs of caution in the lead-up to the Easter holidays, with fluctuations in the average shopping basket value observed in March,
Prosumers in Romania are advised to turn off the inverters of their residential photovoltaic systems if they are not at home,