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Private lending in Romania grew by 16.5% in nominal terms (1.8% in real terms) to RON345.2 billion in May 2022 compared to May 2021, as local currency lending increased by 20% (4.8% in real terms) and foreign currency lending by 8.2% when expressed in lei (7.6% when expressed in euros), central bank data showed on Monday.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, has attracted EUR2.4 million in EU funds from the European Regional Development Fund REACT-EU for a total investment of EUR4.3 million in Suceava County.
Romania’s finance ministry listed four new issues of FIDELIS government bonds totaling over RON1.44 billion, on Monday (June 27). The four issues are traded under the stock symbols R2306A, R2506A, R2306AE, R2406AE.
Dacia Plant, which specializes in manufacturing food supplements and tea, overshot the RON50 million turnover mark in 2021 after a 24% year-over-year increase.
The four building materials factories in Romania of Austrian Leier Group generated combined revenue of RON286 million in 2021.
US President Joe Biden at the G7 Leaders’ Summit on Monday announced allocation of a $14 million grant under the Partnership for Global Infrastructure and Investment (PGII) initiative for a new phase of the small modular nuclear reactor development by NuScale in Romania, Nuclearelectrica (SNN.RO) said.
Real estate developer Zacaria, part of international Alf Mizzi & Sons group, is to open a retail park in Cisnadie, Sibiu County, in the second half of next year, following a more than EUR11 million investment.
Retail pharmacy chain Farmacia Tei, a business set up by entrepreneur Roxana Maftei, reaches seven units after opening a new pharmacy in northern Bucharest, within the Metav industrial park, close to the Baneasa international airport.
The Romanian subsidiary of Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, had a net profit of RON21.7 million in 2021, up 45% on the year, in line with finance ministry data.
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, resumed its upward trend after a five-day break and increased to 6.26% a year on Monday (June 27), as per central bank data.
Simus Trading, the company operating photo and video equipment store Photosetup, saw its turnover surging by 63% in 2021 to RON12.1 million, in line with finance ministry data.
Siemens Energy, one of the world’s leading energy technology companies, has signed a ten-year lease contract for 7,500 square meters of office space at Phase 2 of the One Cotroceni Park project developed by One United Properties.
Romania’s general consolidated budget posted RON20.90 billion deficit in the first five months of 2022, lower than the RON26.18 billion level reported in the year-ago period, in line with finance ministry data.
Czech-held CPI Property owns one third of the office space in Bucharest after having taken over more than half of Globalworth, the largest owner of office space in Romania and Poland, together with Germany’s Aroundtown last year.
OTP Bank expects Romania’s economy to increase by 4% in 2022 and to slow down its growth pace to 3.5% in 2023, the lender said in a report.
Romania's finance ministry raised RON595 million on Thursday (June 23) and Friday (June 24), selling bonds maturing in October 2034, at an annual average yield of 9.07%.
Voxa, a Romanian streaming platform for audiobooks and e-books, is tapping into the market of the Republic of Moldova starting this summer, as part of its strategic development plan.
ELKO Romania, a company member of Latvia’s ELKO Group, one of the largest regional wholesalers of IT and consumer electronics products, had a turnover of $105 million in 2021, up 28% from 2020, and its profit grew to $0.7 million, company representatives said in a statement.
Romania’s insurance market reached a volume of underwritten gross premiums of RON4.66 billion in the first three months of 2022, a record increase of 46% compared with the year-ago period, the representatives of the Financial Supervisory Authority (ASF) said in their latest report.
Simtel Team (SMTL.RO), a Romanian engineering and technology company, announced on Friday (June 24) the signing of a partnership with Axell Green Energy, part of the Carmistin Group, one of the largest players in the agri-food market in Romania, which aims to build and install photovoltaic power plants for some of the group’s locations.19464 items