Anchor Grup, the company which developed the first two shopping malls in Romania, Bucuresti Mall and Plaza Romania, respectively – has obtained EUR80 million financing from lender Banca Transilvania to refinance the Group’s retail and office segments.
Romania's finance ministry on Monday (March 7) reopened a bond issue due in 2025, raising 158 million lei (EUR31.9 million), below the planned level, at an average yield of 5.67% a year, central bank data showed.
Private healthcare operator MedLife (M.RO) will be included in the Romanian Traded Index (ROTX), which was created by the Bucharest Stock Exchange in collaboration with the Vienna Stock Exchange (VSE), according to a statement by the VSE.
Inequalities between women and men in the labour market have widened during the pandemic, erasing at least two years of progress made over the past decade, according to the PwC Women in Work Index report, which shows that it will now take years and even decades to close the gap.
Canada's lithium development company Rock Tech Lithium could invest EUR400 million to build its second European lithium converter and refinery in Romania, as per a Memorandum of Understanding signed with the Romanian Government on Monday (March 7).
Naos Skin Care Romania, the owner of the Bioderma brand, extends its office space in capital city Bucharest, doubling the rented area, and moves to The Mark office complex.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has grown to 4.25% a year on Monday (March 7, 2022), from 4.03% on Friday (March 4), in line with central bank data.
Rompetrol Rafinare (RRC.RO), member company of the KMG International Group (KMGI) and the operator of Petromidia Navodari, Romania’s largest oil refinery, announced on Monday in a stock market report that it faced a complex cyber-attack Sunday night.
Colete Online, a marketplace-type platform via which users can compare and select from among the services of several courier services firms to send packages and parcels in Romania and abroad, wants to double its number of employees in 2022 and expand to cities such as Cluj, Timisoara, Oradea, Brasov and Iasi.
Cold cuts producer Meda Prod 98, one of the largest on the local market, ended 2021 with RON236 million turnover, from RON217 million in 2020, according to the company’s officials.
Proinvest Group, a company specialized in steel products, has a EUR10-12 million investment budget for 2022, part of a long-term growth plan that started in 2021 and involves EUR100 million overall.
Vassilis Chaniotis, general manager of private healthcare operator Medsana, says the company will open the new Medsana center in Bucharest at end-2022, with the investment carried out so far standing at EUR2.1 million.
Airbag maker GST Safety Textiles Ro, the local subsidiary of Germany’s concern Global Safety Textiles, acquired in 2011 by South Korea’s Hyosung group, currently has 95 jobs avaibale at its Sighisoara plant.
Holde Agri Invest, a Romanian company operating farmland, wants to grow from a 10,000-ha to a 30,000-ha farming area and plans to bolster its warehousing capacities to 40,000 tons, explained Robert Lisenche, an investment manager at the company.
OTP Bank Romania ended 2021 with RON58 million net profit, more than double the net profit of 2020. Operating profit shrank by 24% to RON123 million in 2021 compared with 2020, OTP Bank Romania officials said.
Rompetrol Rafinare (RRC.RO), member company of the KMG International Group (KMGI), will suspend the operational activity of the Petromidia Navodari refinery, between March 11 and April 3, for a scheduled technological turnaround, the company said in a stock market report.
The European Commission (EC) decided on Thursday, March 3, 2022, to introduce the temporary protection for the Ukrainian nationals. During the official press conference following the EC decision, on Friday (March 4), Romanian authorities confirmed that the mechanism will be applicable in Romania for those Ukrainian nationals who decide to remain in our country.
German giant Varta wants to produce batteries for electric cars in Romania and is willing to invest EUR1 billion, Roxana Mînzatu, Secretary of State in the Ministry of European Investments and Projects, said in a Facebook post on Friday.