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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, increased to 5.90% a year on Wednesday (May 25) from 5.83% on Tuesday (May 24), as per central bank data.
Promateris (PPL.RO), a Romanian industrial group and the main producer of biodegradable packaging in CEE, announced it obtained a new grant from the part of EEA & Norway Grants within the project Green Energy Production for the manufacturing of bio-based and compostable packaging, developed in partnership with Norway’s Norsk Energi.
Agroland Agribusness (AAB.RO), a Romanian entrepreneurial business, part of Agroland group, specializing in the sale of farming inputs, ended the first quarter of this year with operating revenue worth RON15.9 million, up 86% from the same period of last year, RON1.5 million EBITDA, up 201%, and net profit worth RON0.84 million, 110% higher than in 1Q/2021.
Freight carrier World Mediatrans of Timis, one of the most dynamic companies in this field, founded in 1997 by Gabriel Lungu, with 23 offices locally and logistic warehouses in Budapest, Barcelona and Bratislava, ended the first three months of this year with 15% higher turnover than in the corresponding period of last year.
Duvenbeck Logistik, one of the largest transport and logistic companies in Romania, for 2021 reported turnover worth RON366.5 million (EUR74.5 million), up 12.4% year-on-year, in line with ZF calculations based on Finance Ministry data.
Grain trader Promat Comimpex of Tasnad, Satu Mare, controlled by Swiss group Ameropa and by entrepreneur Cristian Moldovan, in 2021 generated net profit worth RON43.3 million (EUR8.8 million), up 31% from the previous year.
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, in the first quarter of 2022 saw sales rise by 20% from the same period of last year.
Farmaciile Myosotis, one of the strongest regional pharmacy brands, reached turnover worth RON243 million (EUR49 million) in 2021, up 9% from 2020.
Nuclear power producer Nuclearelectrica (SNN.RO), small modular nuclear reactor (SMR) technology provider NuScale and the E-Infra group of companies on Tuesday signed a memorandum of understanding for the development of the first SMR reactor in Romania on the site of the former Doicesti thermal power plant, in Dambovita County.
Farmec, one of the largest Romanian companies, is investing EUR500,000 in the relaunch of its brand of the same name and the funds will go towards research, design and communication.
Romania's public debt will be nearing 73% of GDP within ten years, in 2032, under the baseline scenario, from just above 50% of GDP currently, as per the debt sustainability analysis carried out by the European Commission in the Semester Report on the country's economy.
Austria’s Uniqa Group, which owns in Romania general insurance division Uniqa Asigurari and life insurance division Uniqa Asigurari de Viata, ended the first three months of 2022 with gross underwritings of EUR27 million, up 7% from the same period in 2021, in line with data provided by Uniqa representatives.
Romania’s natural gas transmission company Transgaz (TGN.RO) on Tuesday said it concluded a roadmap agreement with The Three Seas Initiative Investment Fund S.A. SICAV-RAIF (3SIIF), a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe, to collaborate on the construction of planned greenfield gas infrastructure in Romania.
Accor hotel group on Tuesday said it would open a Mercure hotel in Alba Iulia (central Romania), in the second quarter of 2024.
Joberty, an online IT job platform that connects employers and candidates in a transparent eco-system, has officially started to operate in Romania starting Tuesday (May 24).
Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a pace significantly faster than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation, in line with an analysis by real estate consulting firm Colliers.
Governments around the world seek to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy, according to the 59th EY Renewable Energy Country Attractiveness Index (RECAI).
Visa and Western Union have concluded a partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app.
Bosch Group ended the fiscal 2021 with RON2.4 billion (EUR494 million) consolidated sales in Romania, an increase of about 10% year-on-year.
Ursus Breweries, the largest player in the Romanian beer industry, has launched the Kozel beer brand in Romania.19043 items