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Real estate developer One United Properties ended the first nine months of 2022 with consolidated turnover worth RON908.8 million, up 45%, and RON421 million net profit, 120% above the level of the same period of 2021, in line with the company’s financial report.
The Bucharest Stock Exchange, the operator of the local capital market and the majority stakeholder in the Central Depository, registered operating revenues worth RON24.5 million in the first nine months of 2022, up 33% from the year-earlier period.
Popeyes, the US restaurant chain that entered Romania this spring, in a franchise system, has reached five units so far and by yearend is set to open another restaurant in Bucharest.
Cake maker Natural, controlled by Popescu family, will invest more than EUR8 million in a 100-room hotel in Slatina, with the unit due to enter under the umbrella of an international brand, explained Elena Zoica, commercial manager of Natural.
Automotive industry wiring producer Leoni Wiring Systems Ro, part of Germany’s group Leoni, currently has 184 jobs available for the Bistrita plant.
Agrifood conglomerate Norofert plans to invest in warehousing spaces once it completes the acquisition of the plant of Filipestii de Padure, Prahova county, where it started operating a high production capacity for soil fertilizers.
German-held discounter Kik, which entered Romania in 2018, has developed a network of more than 70 stores nationwide in its four years in business on this market, and by the end of the year may reach the 100-store mark, says Kik Romania CEO Raluca Hartmann.
OTP Bank Romania, the local subsidiary of Hungary’s largest banking group posted RON15 million loss in the first three quarters of 2022, largely due to the increase in total provisions to RON151 million, RON58 million of which set aside in the third quarter, the group’s report says, which presents the consolidated results adjusted in accordance with the group’s standards.
Romania's finance ministry raised RON3 billion on Thursday (Nov 10) through two government paper auctions, at annual average yields of 8.83% and 8.74%.
ROCA Agri RDF, the agricultural holding developed through the partnership between ROCA Investments and RDF SA Arad, ended the first nine months of 2022 with a turnover of over EUR100 million, up 45% on the year, while its operating profit stood at EUR4.7 million and its net profit reached EUR2.7 million at end-September 2022.
Romanian Software SRL, a leader in the human resources software market through its colorful.hr platform, has announced a partnership with Salarium, the first application for on-demand salary in Romania.
Office space rents in capital Bucharest remain among the lowest at both regional and continental levels, which, along with the workforce availability and the competitive salary costs, represent a major point of attraction for tech companies, according to data from real estate consulting firm Cushman & Wakefield Echinox.
The European EIT InnoEnergy Group is to become a shareholder of Prime Batteries Technology in Ilfov County, its representatives announced in Brussels on Thursday.
The asking rental prices for new apartments in Bucharest continued their upward trend in the third quarter of this year, compared with the same period last year, a survey by Premier Estate Management and Imobiliare.ro shows.
Global travel site Big 7 Travel and car comparison specialists EnjoyTravel have jointly conducted a study on the world's best places to retire and found Romania is a top choice.
Ride-sharing company Uber is available in Suceava as of November 10, 2022, reaching 22 cities in Romania at present.
Most (70%) of companies participating in a recent survey by online recruiting platform eJobs said they would offer extra pay to their employees during the Christmas season this year.
The Bucharest Stock Exchange (BVB), a fundamental institution for the capital market, is celebrating 140 years since the founding of Romania’s first stock exchange. On the 1st of December 1882, the stock and commodity exchange began trading in Romania following a High Royal Decree issued by King Carol I.
Carbochim Cluj-Napoca, Romania’s largest professional abrasives producer, indirectly controlled by businessman Iulian Dascalu, owner of Iulius Group, posted RON1.35 million profit in the first nine months of 2022, from just RON45,323 in the same period of last year.
Romania comes 31st in a ranking of the 42 European countries in terms of purchasing power, with an average of EUR8,017/capita in 2022, representing 49% of the European average, reveals a GfK survey.18623 items