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International rating agency Fitch Ratings has revised Garanti Bank S.A.’s (GBR) Outlook to Stable from Negative, while affirming the Romanian bank’s Long-Term Issuer Default Rating (IDR) at ‘BB-‘ and Viability Rating (VR) at ‘bb-‘, in line with data from the bank’s representatives.
Romania's finance ministry will be launching three new bond issues for the general population on February 7, 2022, which can be subscribed until September 24.
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, spiked to 3.11% a year on Friday (Feb 4) versus 3.05% a year over the last two weeks, except the level of 3.06% a year reached on Jan 26, central bank data showed Friday.
Romanian software development company TARA Interactive, with 20 employees in Bucharest and ten in Chisinau, expects to end 2022 with a turnover of nearly RON8 million, double from over RON4 million in 2021, according to company representatives.
The company Masterbuild, general contractor & developer, plans to invest EUR20 million in a logistics park of over 16,000 square meters north of Bucharest, in Butimanu – Dambovita area, with direct access to national road DN1A, according to company officials.
Techcelerator, the most active accelerator for technology startups in Romania, has selected ten startups from five countries - Bulgaria, Grecia, Romania, UK and Armenia – for the second edition of the NEXT FinTech acceleration program.
Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, projects EUR25 million turnover for 2022, up around 13% on the year, in line with ZF calculations based on company data.
Marius Vinatoru, marketing manager of International hotel of Sinaia, says 30% higher turnover has been budgeted for this year.
Romanian home deco chain Delta Studio will in 2022 start building a new logistic center, of 25,000 square meters, for which it has already bought the land plot in Bolintin-Deal, near Bucharest.
Brokerage firm Swiss Capital forecasts that building materials producer TeraPlast Bistrita (TRP.RO) ended 2021 with total revenue of RON607.8 million, up nearly 53.1% from 2020, and a net profit of RON51.7 million, up 61.5% on the year, as per calculations by Ziarul Financiar daily based on data from a report published Thursday on www.bvbresearch.ro.
New registrations of road vehicles for passenger transport decreased by 16.8% in Romania in the fourth quarter of 2021 compared to the fourth quarter of 2020, data from the country’s statistics board INS showed Friday.
Cosmin Carstea, CEO of Dubai Ports (DP) Logistics Romannia and Dubai Ports Constanta, said DP Romania is set to invest in a multimodal terminal in Aiud, due to be connected via direct trains to Constanta harbor. Investments amount to EUR10 million and works have started.
Electrica (EL.RO), the biggest electricity supplier in Romania and a listed company part of BET main index, was granted an electricity trading license by the Hungarian Energy and Public Utility Regulatory Authority, reads a report published on the Bucharest Stock Exchange.
Romanian banking system profit for the entire 2021 may climb to a record high of around RON8 billion or even more, despite the pandemic, given that gains topped RON7.5 billion after the first 11 months of last year.
Pharmacy chain Farmacia Tei, one of the most dynamic businesses in Romania, ended last year with sales of RON872 million, up 16% from the previous year, according to company officials.
Online fashion retailer Answear, a business started in Poland more than ten years ago and present in Romania since the end of 2015, posted record sales in all ten countries where it operates - EUR159 million last year, 67% higher than in 2020.
Construction company CON-A in Sibiu posted EUR115 million revenue in 2021, an increase of about 16% compared with the previous year, according to ZF calculations based on data provided by the company's representatives. Profit, however, was much lower than in 2020, they say.
Romania’s Finance Ministry reopened a bond issue due in October 2027 and raised RON708 million from banks on Thursday (Feb 3), above the targeted level of RON600 million, at a yearly yield of 5.05%.
Vox Property Group, one of the most important real estate developers in western Romania, leased in 2021 a total of 4,650 square meters of office space in Vox Technology Park, a project delivered in Timisoara following an investment of EUR30 million.
ING Bank Romania is turning its Department of Corporate Social Responsibility, set up in 2012, into a Sustainability Department, in line with the transition to a green economy and the development of partnerships with the civil society.19015 items