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The Board of Directors of Romania’s central bank has established a Payments Committee.
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 5.79% a year on Monday (May 23) from 5.71% on Friday (May 20), as per central bank data.
Omniasig, the biggest company part of Austria’s Vienna Insurance Group (VIG), in the first three months of 2022 posted a gross underwritten premium volume of over RON500 million, 40% more than in the same period of last year, according to information provided by the company’s representatives.
Farmaciile Medimfarm, one of the largest regional networks in pharm retail, ended 2021 with RON137 million turnover, up 7% from 2020.
Drug maker Infomed Fluids, with a production unit in Bucharest, ended 2021 with RON137.7 million, up 6% year-on-year.
In the first quarter of 2022, a little more than 70,000 square meters of new modern office spaces were delivered in Bucharest, driving the total amount to almost 3.3 million square meters.
Thermal-insulating panel producer Topanel of Ramnicu Valcea, controlled by a Cyprus company, reached RON336.1 million turnover in 2021, up 73% from the previous year.
2021 was the best of the past five years for Romania’s M&A market in terms of the number of sealed deals.
The Board of Romania’s central bank is not that optimistic about the trend of the inflation, which will continue to remain extremely high until June 2023. The latest data show inflation will reach 12.5% in December and 12.4% in June 2023, much higher than the 9.6% and 5% previously forecast.
CEC Bank posted RON54.2 million net profit in the first quarter of 2022, as well as RON50.4 billion assets, an increase of 19% on the year-ago period, higher than the overall banking system’s increase of 11.9%.
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 5.71% a year on Friday (May 20) from 5.62% on Thursday (May 19), as per central bank data.
Square 7 Properties, a company that develops and manages retail parks, owned by Austrian businessman Clemens Petschnikar, has announced the acquisition of a 30,000-sqm land plot in Medias, where it has started authorization procedures for a new retail project.
Chemical producer Chimcomplex (CHOB.RO), which owns the Oltchim and Borzesti platforms, for the first quarter of this year reported net profit worth RON72.8 million, down 40% from the year-earlier period, and 23% higher turnover, to RON612 million.
Nestle’s turnover in Romania last year topped the RON1 billion threshold for the first time after sales rose by 10.5% vs 2020, in line with ZF calculations based on company data.
While health services related to the pandemic were no longer in demand by patients in the last three months, Centrul Medical Provita posted a 15-20% increase in the first quarter of this year from the year-earlier period.
Automobile Dacia, Romania’s biggest exporter and the engine of its industry, returned into the black in 2021 and posted RON21.4 billion turnover, up 17% from 2020, in line with a company report.
Luxury hotel group Kempinski, headquartered in Geneva, Switzerland, is contemplating the Bucharest market for the opening of a hotel, according to the chain’s representatives.
Footwear retailer Benvenuti, held by Romanian entrepreneur Dan Pavel, posted almost RON123.4 milion (EUR25 million) sales in 2021, an increase of 26.5% on 2020, ZF has calculated from Finance Ministry data.
Faurecia Romania, the local subsidiary of France’s Faurecia, posted RON1.038 billion (EUR211 million) revenue in 2021, 1% lower year-on-year, ZF has calculated from Finance Ministry data.
Component and electronic equipment manufacturer Zes Zollner Electronics, the Romanian subsidiary of Germany’s Zollner Electronics, registered a turnover of nearly RON1.49 billion (over EUR303 million) in 2021, up 26.5% from 2020, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.19043 items