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Climate Change · BucharestThe three Rețele Electrice companies initiated a public tender on the SEAP platform, with a maximum cumulative value of around 190 million RON (without VAT) for the purchase of medium and low voltage electrical cables, as well as conductors, so that they can carry out their network modernization and maintenance projects, with the aim of transforming the network into one more resilient and reliable. “Through this tender for the purchase of low an…See the Story
Rețele Electrice companies buy cables and conductors worth 190 million RON for network modernization projects
Bucharest · BucharestFilip & Company assisted Digi Group with the signing of two export credit facility agreements amounting to over 117 million euros intended to finance the acquisition of goods and services for the development of the telecommunications networks in Romania and Portugal operated by the company’s subsidiaries. Filip & Company concurrently assisted Digi Spain Telecom SLU (a subsidiary of Digi in Spain), as borrower, in the signing of a 50 million euro…See the Story
Filip & Company assists Digi Group in the acquisition of two loans of over 117 million euros and 50 million euros respectively
Bucharest · BucharestNEPI Rockcastle, the largest owner, developer and operator of shopping centers in Central and Eastern Europe reported net operating income of 135 million euros, up 12.7 percent in the first quarter of 2024 Tenant sales, excluding hypermarkets, were 10.5 percent higher in Q1 2024 compared to the same period last year. Also, the number of visitors to shopping centers owned by NEPI Rockcastle increased by 14 percent. “We continue to see significant…See the Story
NEPI Rockcastle reported net operating income of 135 million euros, up 12.7 percent in the first quarter
Bucharest · BucharestPatria Bank registered a net profit of 8 million RON for the first 3 months of 2024, representing a 171 percent increase compared to the same period of the previous year. The result includes the new 2 percent turnover tax applicable to credit institutions from 2024 “In the first quarter of this year, Patria Bank improved its financial performance, reflecting its constant commitment to supporting entrepreneurs and sustainable growth. Strategicall…See the Story
Patria Bank posts net profit of 8 million RON, up 171 percent in Q1
Bucharest · BucharestTelekom Romania Mobile recorded total revenues of EUR 66.2 million in the first quarter of 2024, down 4.1 percent compared to the same period in 2023. Mobile service revenues were impacted by customer-retention promotions in prior periods and an additional 50 percent MTR cut has been implemented as of the beginning of 2024. Other revenues were up in the quarter, mainly reflecting higher handset sales. Telekom Romania Mobile recorded 1.931 millio…See the Story
Telekom Romania Mobile posts total revenues of 66.2 million euros, down 4.1 percent in Q1
Bucharest · BucharestThe office market in Bucharest has shown a sustained demand growth in Q1, both in terms of the transacted volume and of the average lease size, amid an extremely limited new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Companies leased 91,000 sqm of office spaces in Bucharest in Q1, corresponding to a significant 63 percent y-o-y increase. A number of 55 transactions were concluded during the an…See the Story
Demand for office spaces surged by over 60 percent, with transactions up to 1,000 sqm being the most prevalent in Q1
Bucharest · BucharestPENNY Romania ended 2023 with a turnover of over 8.32 billion RON, up 16 percent compared to the previous year. The company invested over 634 million RON, the equivalent of over 130 million euros, in the expansion and modernization of its network, as well as in the expansion of the logistics center in Bacău. The company recorded a net profit of 224 million RON, up 47 percent in 2023 and estimates a double-digit increase in turnover in 2024. PENN…See the Story
PENNY Romania reports net profit of 224 million RON in 2023, expects double digit growth for 2024
Bucharest · BucharestThe Bucharest branch of the Order of Romanian Architects (OARB) is starting a series of meetings with the candidates for the Capital’s mayoral positions, to hold a dialogue on the city’s architectural and urban priorities. The discussions, which will take place mainly at the OARB headquarters, will focus on topics of major interest for the future of the Capital, such as compliance with the deadlines for issuing authorizations or the completion o…See the Story