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The net flow of foreign direct investment (FDI) stood at EUR9.4 billion in the first ten months of 2022, in line with data from Romania’s central bank.
In October 2022, the volume of construction works in Romania rose, in unadjusted data, by 34.3% compared to October 2021 and was up 32.9% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.
Dent Estet network, part of MedLife group, has taken over stomatology clinic DentaLife of Bucharest, previously part of MedLife portfolio.
Private hospital Sanconfind of Campina, with a 90-bed capacity, will near the RON30 million threshold by yearend.
DHL, one of the largest actors in the courier service market, will end the year with a rise of 20% in revenue compared with last year, when its revenue stood at RON417 million, Finance Ministry data show.
Romania's finance ministry raised RON1.37 billion on Monday (Dec 19) through two government bond issues, at annual average yields of 7.63% and 8.35%.
Shareholders of the Bucharest Stock Exchange (BVB.RO) approved on Dec 19 the conclusion of a contract for a ten-year period with the company Complexul Multifunctional Victoria SRL for the lease of a location designated for BVB’s headquarters and fit-out works within the America House building held by the company, as per shareholders’ decisions published on the website of BVB.
Croatian-held Submarine Burger, which specializes in vegan burgers, opened its first two restaurants in Bucharest this year, following EUR1.5 million investments and will open the third early next year.
Maib, the largest credit institution in the Republic of Moldova, with assets of EUR2 billion, said its Supervisory Board approved the syndicate of investment banking advisors following a decision of Dec 14 to list the company’s shares on the Main Market of the Bucharest Stock Exchange, the international stocks tier, within an offering scheduled in 2023.
The priority for BRD Pension Fund in 2023, as before, is the responsible management of the company's private pension funds, BRD Pension said in a response to ZF’s request for comment on a potential exit from the Pillar II pension fund business.
In 2021, among EU member states, the highest average annual adjusted full-time salary was in Luxembourg (EUR72,200), Denmark (EUR63,300) and Ireland (EUR50,300), and the lowest in Bulgaria (EUR10,300), Hungary (EUR12,600) and Romania (EUR13,000), according to a report by Eurostat, the statistical office of the European Union (EU).
ING Bank Romania has announced that Mihaela Ionita will join its team as Human Resources (HR) Manager and member of the bank’s Board of Directors, starting January 1, 2023.
Law firm Filip & Company has assisted Fondul Proprietatea in selling its entire stake, consisting of 1.777.067.726 ordinary shares, held in OMV Petrom (SNP.RO) through an accelerated private placement set off on Tuesday (Dec 13).
Law firm Tuca Zbarcea & Asociatii advised the banking syndicate consisting of Banca Comerciala Romana (BCR), as coordinator and lender, Raiffeisen Bank, BRD Groupe Société Générale, Banca Transilvania, ING Bank N.V. Amsterdam Sucursala Bucuresti and Erste Group Bank AG, as lenders, in making available an additional EUR50.7 million credit facility to MedLife Group.
Real estate developer Globe Trade Center (GTC) Romania has signed a long-term contract with Regus, part of IWG, which will occupy 1,200 square meters in the City Gate South Tower, starting June 2023.
Mazars, the international audit, tax and advisory firm, has released its new report "ESG: where are you on the journey?", which takes a closer look at the rise of environmental, social and governance (ESG) topics on business agendas.
Libra Internet Bank continues its financing through the stock exchange with a third bond issue, worth EUR4.262 million and the bonds will trade on the main section of the Bucharest Stock Exchange, under the ticker symbol LIBRA32E.
Romania's capital market in Romania grew by 8.6% in November 2022 through the lens of the BET index, which includes the 20 most liquid companies listed on the Bucharest Stock Exchange (BVB), and the BET-TR index, which also includes dividends.
Holiday spending remains at 2021 level this year, even though 37% of consumers are in a worse financial situation compared to last year and about three-quarters (73%) expect higher prices, according to Deloitte Holiday Retail Survey 2022.
Luxoft Romania, a wholly owned subsidiary of DXC Technology and one of Romania’s biggest software development and IT solutions company, has expanded its team in recent years and ends 2022 with 2,500 employees.19015 items