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The office space stock in the Center-West area of capital city Bucharest, near the Politehnica University, will exceed the existing stock in the Floreasca-Barbu Vacarescu (which has been the main office hub in Bucharest for eight years) in 2022, as per data from real estate consulting firm Cushman & Wakefield Echinox.
Practic SA (PRBU.RO), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte, will pay out a gross dividend of RON55.3342 per share to its shareholders, with the total amount allocated for dividend payment reaching RON32.8 million.
Private lending grew by 15.8% in nominal terms (6.7% in real terms) to RON330.7 billion in February 2022 compared to February 2021, as local currency lending grew by 20.1% (10.7% in real terms) and foreign currency lending by 5.9% when expressed in lei (4.3% when expressed in euros), central bank data showed Wednesday.
Alpha Bank Romania introduces on the local market three investment funds available in euro and dollar denominations, which are registered in Luxembourg and address investors who wish to have a flexible and diversified portfolio with a global asset allocation in the medium to long term investment horizon.
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, grew to 4.55% a year on Wednesday (March 23, 2022) from 4.53% a year on Tuesday (March 22), in line with central bank data.
MedLife (M.RO), the leader of the Romanian private medical services market, said in a stock market report on Wednesday that Mihai Marcu, CEO and Chairman of the Board of Directors, sold a package of 620,000 M shares, at the price of RON23 per share, on Monday (March 21, 2022).
Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, has budgeted 10%-15% turnover growth for 2022 year-on-year, supported both by the online store and the opening of new units.
Calin Costinas, deputy CEO of Profi, says the company will in 2022 slow down the pace of new unit openings, but step up the pace of existent unit refurbishment.
Salarium, a platform via which employees can get a salary advance payment without fees or interest, wants to reach 12,000 employees registered by partner companies this year, according to Alina Stefan, Salarium CEO.
A major European IT group is likely to directly enter the ranking of Romania’s 20 biggest tech employers with the opening of a center for which it plans to recruit several hundred people.
Romgaz announced on the Bucharest Stock Exchange on Tuesday evening that it was moving towards the completion of the transaction with the US’ Exxon on the acquisition of the latter’s stake in the Black Sea gas project.
Real estate developer One United Properties (ONE.RO) has summoned its shareholders on April 26, 2022 to approve, among others, the distribution of dividends in the amount of RON42.5 million (gross dividend amount), out of which RON38.3 million from the Company’s net profit for 2021 and RON4.2 million representing undistributed profit registered for the previous years, as per the summoning note.
The Board of Directors of Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, is summoning its shareholders on April 27, 2022 to discuss, among others, the distribution of the company’s net profit of RON1.6 million recorded in 2021.
Courier services expect imminent price increases amid rising inflation and rising fuel, gas and electricity prices, according to an analysis by Innoship, a technology company that has developed a global delivery management solution for online stores.
Romanian software solution development and implementation company and IT and Cloud infrastructure provider Bento (BENTO.RO) ended 2021 with RON27.3 million revenue, an increase of 78% year-on-year and RON4.5 million net profit, 144% higher than in 2020.
ING Bank Romania made net profit of RON1.03 billion in 2021, up 109% compared with 2020, while total revenue rose to RON2.35 billion, up 11%.
Management consultancy firm Horváth ended 2021 with a turnover of approximately EUR5.4 million, after recovering the losses from the pandemic, which translates into an increase of almost 30% versus 2020.
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, grew to 4.53% a year on Tuesday (March 22, 2022) from 4.49% a year on Monday (March 21), in line with central bank data.
The Board of Directors of regional investment fund SIF Oltenia (SIF5.RO) has summoned the fund’s shareholders on April 28, 2022 to vote on how to distribute the net profit for 2021, in the amount of RON387 million.
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) is proposing to shareholders a gross dividend of RON7.28 per share, meaning the distribution of a total sum of RON50.4 million from the RON52 million profit registered in 2021.19464 items