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Infineon Technologies Romania, the local division of Germany’s Infineon, a world leading semiconductor manufacturer, has decided to go with One United Properties (ONE.RO) for a building to accommodate 2,000 employees, which will be developed on Dimitrie Pompeiu Boulevard, across the street from the Pipera subway station in Bucharest.
International rating agency Moody’s Investors Service (Moody’s) has affirmed the Romanian Government's long-term Issuer and Senior Unsecured Ratings at Baa3 and has also affirmed the Senior Unsecured MTN program Rating at (P)Baa3.
German group Geiger, one of first German construction firms in Romania, known for road and highway construction, is entering a new market segment via a turnkey construction department, which already weighs 23% in turnover.
The volume of investments on Romania office segment reached EUR15 million in the third quarter of 2023, with the overall volume expected to revolve around EUR69 million for 2023, in line with data provided by real estate consultancy CBRE Romania.
Sibiu-based Simpa, a producer of bread, cookies and other patisserie products, has reached 30 own stores, which generated around 70% of the 2022 turnover of RON119 million.
Romania’s e-commerce market will maintain its growth pace, being strongly supported by the yearend, according to the representatives of PayU GOP Romania, a major online payment services provider locally.
Alpha Bank, a top ten lender by assets in Romania, posted EUR34 million net profit in the first nine months of 2023, while its assets reached EUR4.48 billion at the end of September, an annual increase of 10%, Alpha Bank’s latest financial report shows.
Romania’s unemployment rate stood at 5.4% in September 2023, the same as in August 2023, data from the country’s statistics institute INS show on Friday (November 3).
Insolvency specialist CITR sold, in a tender, the agro-industrial assets of vegetable oil plant Mandra worth around RON8.96 million (around EUR1.8 million).
Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, in the first nine months of 2023 registered RON1.3 billion, up 45% from the gain of the same period of 2022.
The Bucharest Stock Exchange, the operator of Romania’s capital market, for the first nine months of this year reported much improved financial results against the same period of 2022 on the direct impact of Hidroelectrica listing and the post-listing effect on trading activity.
BRD Soc Gen, Romania’s third largest lending institution, is convening its shareholders for December 14, 2023 to approve the distribution of RON643 million, namely 50% of the 2022 result, under the form of special dividends.
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by 19.4% year-on-year, to RON1.19 billion.
Fashion Days, the largest online fashion retailer in Romania, part of eMAG group and also present in Bulgaria and Hungary, expects to end fiscal year 2023-2024 with revenues of between RON820-850 VAT not included, up around 20% from 2020, the first pandemic year.
German retailer Kaufland has opened a new store in Urziceni, Ialomita county, thus reaching a 172-unit network nationwide.
Furniture and home products retailer JYSK is expanding further in Romania and has opened a new store in Domnesti, near Bucharest, thus reaching an 137-unit network countrywide.
Food wholesaler Nordic Food has brought to Romania the famous US burger Beyond Meat and other plant-based meat products in the company’s portfolio.
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum.
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian Banking Association (ARB) shows.
Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director plant operations for Liberty Galati, it said in a release.20647 items