Draxlmaier plans to build the first battery factory for electric cars in Romania, where several other German auto-components producers are also planning investments.
Significant investments in Romanian AI start-ups TypingDNA and Fintech OS in the final quarter of last year placed Romania among the leading countries in Eastern Europe.
The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.
Prime Minister Ludovic Orban announced last month that Bucharest will scrap its deal with China General Nuclear Power Corporation (CGN) to expand the Cernavoda nuclear power plant.
Ludovic Orban's government ousted just three months after taking office, as both ruling and opposition parties are understood to favour early elections in hopes of improving their positions in parliament.
Central European carmakers, Polish food producers and Czech brewers are among those expected to be hard hit by Brexit, but until a trade deal between the EU and UK is reached — or not — the extent of the fallout is impossible to predict.
Bucharest-listed Purcari Wineries aims to build a wine champion in the fragmented CEE market, via both organic growth and M&A.
Digi has already initiated total repayment of its €550mn bonds maturing in 2023, and aims to repay two other loans in advance.
It is now over a year since the Romanian government, in December 2018, unexpectedly introduced draconian taxes across different sectors, which sent equities into a spin. Yet it finished the year with a 39% return on equities.