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, surged to 4.68% a year on Wednesday (April 6) from 4.62% a year on Tuesday (April 5), as per central bank data.
Moody's Investors Service (Moody's) on Wednesday (April 6) upgraded the long-term deposit ratings of Alpha Bank Romania S.A. (ABR) to Ba1 from Ba2, and changed the outlook on these to stable from positive.
Retail sales in Romania, excluding vehicle and motorcycle sales, inched up 0.1% in unadjusted data in February 2022 compared to January 2022, data from the country’s statistics institute INS showed Wednesday.
NetSafe, a distributor of value-add IT solutions and products on the segments of security, networking and wireless equipment solutions, plans to reach turnover of almost EUR20 million this year, up 40% from 2021, as the company is set to integrate new brands in its IT solutions portfolio in the wake of its takeover by Nuvias group.
Several local entrepreneurs have in the past two years tapped into a too little developed field in Romania, that of zero-waste stores, and want to drive this market segment closer to the level of Western countries.
Rompetrol Rafinare is likely to process 5.6 million tons of oil in 2022 at Petromidia refinery, Romania’s biggest, way up from 4.6 million tons in 2021, a year when the unit’s activity was halted for three months because of an incident.
Rail freight carrier LTE Rail Romania, part of the Austrian LTE Group, ended last year with RON33.9 million revenue, up from RON23.9 million in 2020, publicly available data show. The company posted a net profit of RON1.7 million, compared with RON974,000 the previous year, Romania’s Finance Ministry website shows.
Prysmian's Slatina electrical and fiber-optic cable plant, part of the Italian Prysmian group, ended last year with sales of EUR287.4 million, up 29% on the previous year, and budgeted for growth this year, its officials say.
First Bank grants loans with 50% discount to companies that want to install photovoltaic panels to recover their electricity costs. Thus, companies can become prosumers and, by implementing green solutions, to recover up to 100% of these expenses.
Telekom Romania Mobile, a unit of Deutsche Telekom, on Tuesday announced the implementation of a plan aimed at connecting its base stations to solar panels in order to replace the current power sources with renewable energy sources.
Zentiva Group, the main producer of generic medicines and the third largest pharmaceutical company in Romania, made 162 million packs of medicines in 2021 at its Zentiva and Labormed plants in capital Bucharest, which is almost 13% more than the level of 144 million packs recorded in 2020, company data shows.
Romanian software development company TARA Interactive on Tuesday said it would accelerate the recruitment process, aiming to increase its team to more than 70 employees at the end of 2022 from 50 employees currently, company representatives said in a statement.
Romania’s finance ministry will be listing on Thursday (April 7, 2022) four new FIDELIS government issues of bonds at the Bucharest Stock Exchange, of which two in lei and two in euro.
Polish real estate developer Scallier, one of the most dynamic investors in small and medium-sized retail parks, plans to expand its presence on the Romanian market where it holds three projects by opening new retail parks by the end of 2022.
Romania's central bank on Tuesday (April 5) raised its benchmark interest rate to 3% a year from the current rate of 2.5% a year, starting April 6, 2022.
The global initial public offering (IPO) saw a significant slowdown in the first quarter of 2022, after the record highs in 2021, as volumes dropped by 37% in in January-March and revenues by 51%, according to an EY analysis.
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said in a statement.
Agricola Cereal Sud cooperative of Olt county, created five years ago, in 2021 posted RN41.7 million turnover, 6.6 times more than in the previous year.
MedLife group expects turnover to top RON1.6 billion in 2022, up 13.7% from the previous year, in line with the budget published by the healthcare operator for this year.