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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.
Roshen One, part of the international group in the chocolate sector Roshen of Ukrainian billionaire Petro Poroshenko, posted RON167.9 million (some EUR34 million) revenue in 2021, an increase of 36% on the previous year, Finance Ministry data show.
MedLife, the leader of the private medical services market in Romania, announced on Friday (June 24) the acquisition of the full package of shares of Medicris Oradea Group, the largest center of occupational health and related services in Bihor County.
Raiffeisen Bank, key player in the Romanian banking sector, is listing a new issue of green bonds, worth RON525 million, at the Bucharest Stock Exchange, on Friday (June 24).
Tissue paper manufacturer MG TEC Industry, based in Dej and founded in 2018 by entrepreneur Vasile Hasmasan, distributes 60% of its products to several countries across Europe.
US Burger King group, one of the most famous fast-food chains in the world, reported a turnover of RON54 million in 2021 in Romania, more than double the level reported in 2020.
Synevo Romania, the largest player in the medical laboratory market, posted RON447 million revenue in 2021, up 40% compared with the previous year, according to the data submitted by the company for the ”Cei mai mari jucatori din economie” (Key players in the economy) yearbook.
Romania's finance ministry raised RON550 million on Thursday (June 23), above the planned level of RON300 million, selling bonds maturing in 2034, at an annual average yield of 9.07%.
Raffaello Shoes Factory, the largest footwear manufacturer in Romania, held by Italy’s Grisport, reported for 2021 a net profit of nearly RON7.3 million (EUR1.5 million), tenfold higher than nearly RON713,000 (EUR148,000) reported in 2020, as per public data.20056 items