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Bucur Obor (BUCU.RO), the company that owns the Bucur Obor shopping center in capital Bucharest, ended the first half of 2022 with a net profit of almost RON7.2 million, up 30% from RON5.5 million reported in the same period of 2021, as per its half-year financial report sent to the Bucharest Stock Exchange.
Alpha Bank Romania on Wednesday said it increased the interest rates for savings products in RON and foreign currency, both for individuals and legal entities.
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, fell to 8.06% a year on Wednesday (Aug 10) from 8.14% on Tuesday (Aug 9) after central bank governor Mugur Isarescu accused local banks of artificially increasing the rate.
The Carmistin group owners, the Paraschiv family, are investing RON513.5 million, of which RON222.4 million is state aid, publicly available data show.
Project company Urleasca Wind Farm has received the technical connection permit from Romania’s national grid company Transelectrica for a 96.9 MW wind farm in Braila.
TESLA Energy Storage, a company established in June and part of the Czech Republic’s TESLA group, a manufacturer of energy industry equipment, intends to make a RON450 million investment in Romania and has applied for RON201.4 million state aid, Finance Ministry data show.
Cyber security company SafeTech Innovations (SAFE.RO) has notified the market of the start of the program to buy back its own shares held between August 9, 2022 and February 5, 2024.
Entrepreneur Vladimir Cohn, known for his businesses in the field of paper manufacturing, has applied for state aid worth RON185.4 million that will be part of an investment worth almost RON1.4 billion (EUR285 million) in a new production unit.
Ride-sharing company Uber, which offers smartphone users an alternative transport method via a mobile application, has launched its operations in the city of Baia Mare, which becomes the 20th city in Romania in which the ridesharing service is available, the company said in a statement.
Romania’s finance ministry increased by RON1 billion (almost EUR200 million), to RON7.38 billion from RON6.38 billion, the maximum budget of the state aid scheme for investments with a major impact on the country’s economy.
Germany’s Daimler Group, which owns the Star Assembly company in Sebes and is the third largest exporter in Romania, is seeking RON185 million state aid for a total investment of RO675 million, the Finance Ministry announces in a document on its website.
Banks have crossed the line and taken the ROBOR rate above the central bank’s policy interest rate, Romania’s central bank governor Mugur Isarescu said Tuesday at a press briefing on the latest quarterly inflation report.
Precast concrete manufacturer Somaco Grup Prefabricate has appointed Gabriel Ristoiu to the position of General Manager, starting August 1, 2022.
Romania’s central bank forecasts an annual inflation rate of 13.9% in December 2022, of 7.5% in December 2023 and of 2.3% in June 2024, in line with the quarterly inflation report presented by central bank governor Mugur Isarescu on Tuesday (August 9).
The Romanian Ministry of Research, Innovation and Digitalization has announced the launch of a call to support small and medium-sized enterprises (SMEs) to increase the competitiveness of the labor force in key technical fields such as programming/coding, data analytics, cybersecurity, computer-assisted design, and additive manufacturing.
Deloitte Romania has assisted Hili Properties, the strategic real estate investment division of Malta’s Hili Ventures Group, in acquiring 75% of the shares of Baneasa Real Estate, the owner of the MIRO office building in Bucharest’s Baneasa area, from Belgian real estate developer Speedwell.
Luxury jewelry store chain Teilor, with bonds listed on the Bucharest Stock Exchange, is further expanding in Hungary by opening its third store in Budapest and reaches a 62-unit network in five countries of Central and Eastern Europe.
Romania’s trade balance posted a deficit of EUR15.3 billion in January-June 2022, EUR4.74 billion higher than in the same period of 2021, in line with data from the country’s statistics board INS.
SAP Romania, the local subsidiary of Germany’s business software solutions developer of the same name, ended 2021 with turnover worth above RON476.7 million (EUR96.8 million), over 10% higher than in 2020, when the company’s turnover dropped by more than 16%.
Ardealul Carei, one of the biggest vegetable oil producers controlled by local entrepreneurs, for 2021 reported turnover of around RON416.5 million (EUR84.6 million), up around 61% from the previous year, in line with ZF calculations based on Finance Ministry data.19477 items