Romania: Romania’s foreign debt up 15% y/y at end-Sept, yet indebtedness eases

November 20, 2023

Romania’s foreign debt up 15% y/y at end-Sept, yet indebtedness eases
Nov 20, 2023

Romania’s foreign debt up 15% y/y at end-Sept, yet indebtedness eases.

The external debt of Romania increased by 15% y/y to EUR 161.3 billion at the end of September 2023, according to data published by the National Bank (BNR). The debt-to-GDP ratio, however, decreased to 52.8% from 53.7% in September 2022 and 58.0% in September 2021. The decrease in the (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

Cometex, The Real Estate Division Of Altex Group, Opens Retail Park In Ramnicu Valcea In Over EUR11M Investment Cometex, the real estate division of Altex Group, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, will be opening the Cometex Retail Park on November 30, in Ramnicu Valcea.

INS: Romania Building Permits Down 8.8% YoY In October 2023 Romanian authorities issued 3,002 residential building permits in October 2023, 2.6% fewer than in September 2023 and 8.8% fewer than in October 2022, data from the country’s statistics board INS showed on Wednesday (Nov 29).

Electrica Attracts New Non-Reimbursable Financing Worth EUR17.4M Through Modernization Fund Electrica (EL.RO), an electricity supply, distribution and generation company, has announced shareholders and investors in a stock market report that its subsidiary Distributie Energie Electrica Romania (DEER) attracted another non-refundable European financing through the Modernization Fund (...)

Visual Fan Posts RON3.3M Net Profit, RON64M Revenue In Jan-Sep Electronics manufacturer Visual Fan (ALW.RO), which owns the Allview brand, ended the first nine months of 2023 with RON64.3 million revenue for the entire group, down from RON78.5 million in the same time in 2022, as well as RON3.3 million net profit, down from RON4.6 million in the previous (...)

Agroserv Mariuta Posts RON59.8M Sales, RON1.5M Loss In Jan-Sep Agroserv Mariuta (MILK.RO), a Romanian agribusiness company and owner of the Laptaria cu Caimac brand, posted RON59.8 million sales in the first nine months of 2023, an increase of 9% on the year ago period and RON1.5 million net loss, 57% lower than last year.

Rompetrol Rafinare Completes $6.5M Investment In Modernization Of New Tanks In Storage Park Of Petromidia Navodari Refinery Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has announced in a stock market report on Nov 29 that it completed the modernization of two new tanks in the storage park of the Petromidia Navodari refinery.

Banca Transilvania Raises EUR500M Via MREL Bonds From International Market Banca Transilvania (TLV.RO) financial group has again tapped international markets, raising EUR500 million via MREL (minimum requirement for own fund and eligible liabilities) bonds due in five years at a 7.25% coupon.