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Romanian business managers expect for the December-February 2023 period a steep increase in prices in retail, in parallel with an activity slump in constructions, while the number of employees in industry, retail and services will remain relatively stable, in line with a survey by the country’s statistical board INS.
CTP, the largest developer and manager of logistic and industrial space in Romania, is expanding its partnership with Profi. The current expansion delivered by CTP for Profi increases the area leased by the retailer in CTPark Bucharest West to 67,000 square meters.
Private lending in Romania increased by 13.2% to RON364.4 billion in November compared with the year-ago month, after leu-denominated loans increased by 9.2% and the foreign currency loans expressed in lei, went up 23.4%, central bank data show.
The consolidated budget revenue growth slowed down in November, the budget execution report of the Finance Ministry shows.
Orange, the leader of the telecom market and one of the largest companies in Romania, has decided to add EUR2 million to the capital of its company that provides mobile financial services, Orange Money IFN, as shown by a shareholder decision published in the Official Gazette recently.
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 decreased to 7.61% a year in the last Tuesday (December 27) of 2022 from the 7.63% on Friday (December 23), central bank data show.
Major Chinese players are starting to invest in local electrical home appliances production and the Romanian state supports the projects with EUR30 million under the form of state aid.
Romania’s Competition Council has slapped eight companies that sell products and personal protective equipment for work safety and healthcare industry with fines amounting to RON4.88 million (EUR987.622).
Libra Internet Bank, a member of US investment group New Century Holdings, said in a stock market report that Romarta SA, one of the largest owners of street front retail space in Bucharest, has sold 1,000 Libra bonds (LIBRA32E) at the price of EUR513 per unit, in a deal amounting to EUR513,000 (almost RON2.52 million), as per calculations by Ziarul Financiar (ZF) daily.
Electricity distributor and supplier Electrica (EL.RO) has informed its shareholders and investors in a stock market report that it contracted a loan of RON250 million from the Export-Import Bank of Romania Eximbank in order to finance its current activity and the liquidity deficit.
OMV Petrom S.A. has announced in a stock market report the appointment of Katja Tautscher as interim member of the Supervisory Board effective as of 1st of January 2023 and until the next General Meeting of Shareholders.
Aerostar Bacau (ARS.RO), a manufacturing and maintenance company in the aviation industry, has announced in a stock market report that in 2022 it made an investment worth EUR3 million, from its own sources, consisting in securing the energy through the implementation of a photovoltaic park.
Premier Restaurants Romania, the operator of the McDonald’s restaurant chain in Romania, continues the expansion of the local chain with the opening of the 96th restaurant, in Oradea (western Romania), following an investment of RON7 million.
Romania's Ministry of Finance has attracted RON853.9 million and EUR162.7 million, respectively (values amounting to just over RON1.65 billion – EUR336.3 million) through the 10th primary offer for the sale of government bonds dedicated to retail investors (Fidelis) held in the last three years using the Bucharest Stock Exchange (BVB) systems.
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, ends the December 19-23 week at 7.63% a year, a level it kept for the last ten days, as per central bank data.
Technology company AROBS Transilvania Software (AROBS.RO) will entirely acquire the companies AROBS Software SRL and AROBS TrackGPS SRL, both from the Republic of Moldova and held by Voicu Oprean, and the transactions near EUR3.5 million.
The global IPO market took a sudden turn in 2022, with the number of deals plunging by 45% and receipts sinking by 61% from the 2021 record, reveals an EY survey.
Rezolv Energy, a company owned by British investment fund Actis, has completed two new deals in the field of renewable energy in Romania, by taking over the majority stake in Low Carbon, which develops two onshore wind parks in Adamclisi and Deleni, Constanta county, and wind park Vis Viva of Buzau.
Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, estimates it will generate turnover of around RON630 million (EUR127.5 million) by yearend, up 12% from last year, in line with ZF calculations based on company data.
Prima Development Group, a real estate developer of Oradea, has started works for a real estate project in northern Bucharest, set to be developed in two stages.19043 items