Nala Renewables Secures €214 Million Financing for Wind Power Project
Nala Renewables has secured a €214 million financing package from Banca Comercială Română (BCR) and Erste Group for the acquisition and development of a 99.2 MW onshore wind project. This financing underscores the growing focus on renewable energy investments and the strategic role these projects play in the region’s energy landscape. The wind farm, set […]
AFI Europe Acquires myhive Victoriei Office Building for €27 Million
AFI Europe, a prominent real estate developer in Central and Eastern Europe, has purchased the myhive Victoriei office building from the Austrian group IMMOFINANZ. The transaction, valued at approximately €27 million, was facilitated by Colliers and Cushman & Wakefield Echinox. This acquisition aligns with AFI Europe’s strategic expansion in Romania, where it plans to transform […]
NN Reports 61 Million Lei Profit and 575 Million Lei Payout in H1 2024
NN has announced strong financial results for the first half of 2024, achieving a gross profit of nearly 61 million lei and making substantial payouts exceeding 575 million lei to its clients. This represents a significant increase of almost 30% compared to the same period last year, underscoring the company’s robust financial performance and its […]
Flanco Reports 650 Million Lei in Sales in First Seven Months of 2024
Flanco, one of Romania’s leading electronics and home appliances retailers, achieved sales of 650 million lei in the first seven months of 2024, marking a 14% increase compared to the same period last year. This growth significantly outpaces the overall market for electro-IT products in Romania, which grew by approximately 9% during the same period. […]
PPC Group Signs Agreement to Acquire €700 Million Renewable Energy Portfolio in Romania
PPC Group has finalized an agreement with Macquarie Asset Management’s Evryo Group to acquire a substantial renewable energy portfolio in Romania. The portfolio includes 629 MW of operational renewable energy assets and an additional 145 MW in pipeline projects, marking one of the largest transactions in Romania’s green energy sector. The total enterprise value of […]
EBRD and Eiffel Investment Group Commit €244 Million for Solar Plant in Romania
The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group have announced a substantial investment of €244 million to fund the construction of a new solar power plant in Romania. The financing will be provided equally by both entities, with each contributing €122 million to INVL Renewable Energy Fund I, a fund managed […]
AVBS Broker de Credite Reports €32 Million in Mortgage Loans for First Half of 2024
AVBS Broker de Credite, one of Romania’s leading credit brokerage firms, has announced a significant growth in its mortgage loan portfolio, with a total of €32 million granted in the first six months of 2024. This marks a 60% increase compared to the same period in 2023, when the company facilitated €20 million in mortgage […]
BCR Reports Nearly 100% Digital Transactions for Loans and Deposits in H1 2024
Banca Comercială Română (BCR) has achieved a significant milestone in its digital transformation journey, with nearly 100% of its loans and deposits being processed through digital channels in the first half of 2024. This unprecedented level of digital engagement marks a major shift in Romania’s banking landscape, positioning BCR at the forefront of the industry’s […]
Automobile Bavaria Becomes Romania’s First Authorized Rolls-Royce Dealer in 120 Years
Automobile Bavaria has achieved a historic milestone by becoming Romania’s first authorized Rolls-Royce dealer, marking the first time in the luxury brand’s 120-year history that an official dealership has been established in the country. This appointment reflects the growing significance of Romania’s luxury market and the increasing demand for premium automotive experiences. Named Rolls-Royce Motor […]
CBRE Brings “Noaptea Companiilor” to Bucharest, Enhancing Employer Branding for Participants
Tudor Ionescu-CBRE Romania CBRE România is introducing the unconventional job fair “Noaptea Companiilor” (NCO) to Bucharest for the first time, offering a significant opportunity for participating companies to strengthen their employer branding. Scheduled for October 16-17, 2024, the event allows businesses to showcase their work environments directly at their offices, creating a unique and immersive […]