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Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, has obtained nearly EUR120,000 in grant funding under the SME AGRI-FOOD program (working capital grants) launched by the Ministry of Entrepreneurship and Tourism.
Glovo will be moving its head office in Romania to a space leased in the second phase of the U•Center office project developed by Forte Partners in Bucharest’s Tineretului area.
Home appliances producer Arctic, held by Turkey’s Arçelik Group, ended 2021 with a record turnover of RON3.5 billion (EUR700 million), 30% higher than in 2020.
Automotive parts and accessories wholesaler Inter Cars Romania, part of Poland’s Inter Cars Group, posted about RON1.3 billion (EUR264.2 million) revenue in 2021, an increase of 35.6% on the about RON958.3 million (EUR198.1 million) of 2020, Finance Ministry data show.
Romanian parcel delivery company Sameday, owned by eMag, expects revenue of over RON700 million in 2022, up almost 18% from the level recorded in 2021, in line with data from company representatives.
Liberty Galati, the largest steel producer in Romania, ended 2021 with a turnover of RON9.3 billion (EUR1.9 billion), double against RON4.6 billion (EUR964 million) in 2020, as per finance ministry data.
BCR, TradeVille and Swiss Capital were the most active brokers on the Bucharest Stock Exchange in May 2022, jointly accounting for 42.9% of total intermediations, respectively brokered deals worth RON820 million, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
Telekom Romania Communications, the former fixed telephony monopoly Romtelecom, returned to net losses and posted lower revenue in 2021, the year it became part of France’s Orange Group, which bought the majority stake from Deutsche Telekom, after the latter’s decision to leave the Romanian market.
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, surged to 6.05% a year on Monday (June 6) from 6.01% a year on Friday (June 3), as per central bank data.
The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, on Monday said it would set off activities in Romania as it plans to invest almost EUR120 million in the development of solar photovoltaic (PV) parks it has recently acquired.
Travel agency Accent Travel plans to exceed the EUR100 million sales volume threshold in 2022, as per data from company representatives.
Romania’s telecom market leader Orange saw its net profit grow almost six times faster than its revenue in 2021, data on the Finance Ministry website show.
Retail sales volume (excluding the trade with motor vehicles and motorcycles), in unadjusted data, grew by 3.7% in April 2022 versus April 2021 due to increases recorded by the retail of automotive fuel in specialized stores (+11.4%) and by the sale of non-food products (+5.6%).
The European Commission approved on Friday (June 3) state aid schemes for small and medium-sized enterprises (SMEs), respectively for the IMM PROD and GARANT CONSTRUCT programs.
The total lease volume on the Bucharest office market amounted to almost 65,000 square meters in the first quarter of 2022, similar to the level traded in the same period 2021, but higher by 10,000 sqm than in the first quarter of 2020, as per data from real estate consulting firm Crosspoint Real Estate.
A consortium made up of Raiffeisen Bank International, Raiffeisen Bank Romania and UniCredit Bank Romania has granted a syndicated loan of EUR65.2 million to Portugal’s Greenvolt-Energias Renováveis.
Global survey “Attitudes towards payment methods”, commissioned by eService and other EVO Group entities, shows that almost six in ten Romanians pay digitally due to ease of use and convenience.
Passenger car registrations in Romania declined by 9.9% in the first five months of 2022 to 182,920 units against the same period in 2021, according to data released by the Automotive Manufacturers and Importers Association (APIA) on Friday (June 3).
Aluminium aircraft parts manufacturer United Alloy Corporation Europe (UACE), ended 2021 with a turnover of RON411 million (EUR85 million) versus RON471 million (EUR97.8 million) in 2020, in line with public data from the finance ministry.19464 items