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The Romanian real estate market saw a spectacular boom over the last two years during which times the number of jobs and the average wage in the sector have increased.
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, posted net profit worth RON1.53 billion (EUR312 million) in the first nine months of 2022, up 34.8% from the same period of 2021.
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2022 with RON2.44 billion net banking income, up 11.6% from the year-earlier period, while net profit increased by 12.5% in annual terms, to RON997.7 million.
Romania’s smartphone market will hit a value of around EUR1.3 billion at end-2022, up 20% from 2021 as the premium segment is gaining ever more ground. Premium smartphone sales now account for half of the total market value, in line with estimates by South Korea’s giant Samsung, leader of Romania’s smartphone market.
Romanian electrical component producer Romradiatoare Brasov, whose shareholding structure includes football couch Mircea Lucescu, registered RON1.48 million net losses in the first nine months of 2022, from RON1.4 million profit in the year-earlier period.
Farmaceutica Remedia in 2021 bet on a new market niche, installing robots in pharmacy warehouses, and nine pharmacies already have this system installed at present. The price starts from EUR70,000 and pharmacies can this way solve the problem of worker shortage.
Japanese fashion group Fast Retailing, one of the world's largest fashion industry actors, might enter Romania as late as in 2024-2025, bringing its flagship brand Uniqlo, market sources say.
Travel agency Weco Travel, one of the largest on the local market, which provides business travel services to companies, estimates that this year it will overshoot the RON80 million revenue mark, a level reached in the reference year 2019, as well.
Craiova can attract new investments in the automotive industry beyond the almost EUR500 million euros already announced by Ford Otosan after the takeover of the plant.
Romania's finance ministry raised RON937.8 million on Thursday (Nov 3) through two government bond issue, at annual average yields of 8.50% and 9.44%.
The management of One United Properties, the leading investor and developer of residential, mixed-use and office real estate in Romania, on Thursday announced investors of the decision of the Board of Directors dated November 1 whereby it was approved the share capital increase by RON185.1 million.
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), a company listed on the Bucharest Stock Exchange and 78.6% controlled by Transilvania Investments Alliance (TRANSI), has called its shareholders for a meeting on November 29, 2022 to approve the lease or sale of assets on the Romanian Black Sea coast as part of a program to turn real estate assets into cash.
IULIUS Group announces that Palas Campus, the largest office building in Romania the group is developing in the city of Iasi, has already been fully leased before its commissioning scheduled for the first quarter of 2023.
Connections Consult (CC.RO), listed on the AERO market of the Bucharest Stock Exchange and the leader of the digital transformation market in Romania, has announced the acquisition of a 25% ownership stake in the edtech company 10 Plus Future Education SRL.
Delgaz Grid, the natural gas and electricity distribution company of German utility group E.ON in Romania, sets off in November a pilot project to test the compatibility and operation of utility facilities and distribution system components with a mixture of natural gas and hydrogen.
The value of the largest real estate investments in Romania exceeds EUR4 billion in the second half of 2022 and the sector of logistics and industrial parks remains the most effervescent with projects engulfing investments worth over EUR500 million.
The Bucharest Stock Exchange will use the eVOTE platform for electronic participation in the General Shareholders' Meetings.
ING Bank Romania said it would continue to grant state-guaranteed and subsidized loans to Romanian entrepreneurs for the third consecutive year, within the IMM Invest Plus 2022 program.
Romanian PR and strategic communications agency Lighthouse has joined Crisis Communication Network Europe (CCNE), becoming the sole Romanian member of the group and the first in Central and Eastern Europe (CEE).
Romania’s unemployment rate stood at 5.2% in September 2022, higher by 0.1 percentage points than 5.1% in August 2022, data from the country’s statistics institute INS shows on Thursday (Nov 3).19043 items