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By end-2021, Romania is likely to reach a 15,000-prosumer community, a spectacular leap from 1,700 prosumers in February, in line with official data.
Courier services company Sameday, holding a network of around 2,200 lockers in Romania, has seen the number of deliveries to easyboxes rise by over 200% this year.
Real estate developer Speedwell signed a pre-contract to buy a 9-ha land plot with the aim of building a new project, in Bucharest’s district one.
FAN Courier, leader of Romania’s courier services market, a company founded in 1998 by Felix Patrascanu, Adrian Mihai and Neculai Mihai, expects to end 2021 with RON1.06 billion turnover, up 5% year-on-year.
A just one-page document published on December 16th on the Bucharest Stock Exchange, laying out the development plans for the green unit and chemical unit of chemical producer Chimcomplex Borzesti (CHOB), is penciling what could be recent years’ biggest deal in the petrochemical industry, one Ziarul Financiar daily puts at RON1-1.2 billion.
Doina Cepalis, CEO and founder of Te-Rox, a EUR30 million business centered on production of children’s safety seats, is in talks to take over another two companies. The decision comes as the Pascani-based group in 2020 entered Sweden’s Holmbergs portfolio.
German-held discount retailer Lidl has opened 30 new stores since the beginning of the year and moved nine others and plans to continue expanding at a similar pace in 2022, which would bring the network close to 350 stores.
Polish fashion group LPP, which has five brands on the Romanian market, has reached 100 stores and 96,000 square meters of leased retail space in the country after a fast-paced expansion during the pandemic.
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has summoned its shareholders on December 16 to approve the contracting of a long-term investment loan worth RON98.4 million, of which VAT of RON15.7 million, in line with a stock market report released on Thursday.
Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, launched its first full electric car model - Skywell ET5, on Thursday, making its debut on the Romanian car market.
Impact Developer & Contractor (IMP.RO) continues the implementation of the development strategy for the next six years by signing a EUR5 million loan agreement with OTP Bank, through its subsidiary Bergamot Developments, a company in which IMPACT is a majority associate holding 99.99% of the social capital.
Romania's finance ministry on Thursday raised 228 million lei (EUR46 million) from banks by selling a new issue of bonds maturing in 2036, at an average yield of 5.32%, central bank data showed.
Romania’s public debt has decreased by RON4 billion to RON552.4 billion, or 48.2% of the country's gross domestic product (GDP), in October 2021, as compared to RON556.4 billion, or 48.5% of the GDP, in September 2021, in line with finance ministry data released on Thursday (Dec 16).
The Board of Directors of lender Patria Bank on Thursday approved the appointment of Georgiana Mihaela Stanciulescu to the position of Deputy General Manager - Financial Division, member of the Board, for a four-year term, starting with January 1, 2022.
Insurance company Allianz-Tiriac on Thursday reported gross underwritings of over RON1.2 billion in January-September 2021, up over 19% on the year, with all significant business lines seeing increases in sales, amid higher client numbers.
Grampet, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, is present on the logistics segment in Austria with the company Grampetcargo Austria.
The volume of Romanian construction works decreased, in unadjusted data, by 2.0%, in in January-October 2021 as compared to the same period of 2020, and by 1.3% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.
Bittnet Training, part of the Bittnet Group listed on the Main Market of the Bucharest Stock Exchange, on Thursday announced its entry into the Moldovan market by signing a partnership with Reliable Solutions Distributor (RSD), a local business and software solutions company.
The gradual comeback of consumption in 2021, despite pandemic-related uncertainties, is fueling a revival stronger than estimated in early 2021 in terms of marketing expenses and implicitly of the media market which is seen growing 17% to EUR540 million, in line with the Media Fact Book annual report by media agency Initiative Romania.
Metropolitan Life, the local subsidiary of Ireland’s Metlife Europe, ended the first nine months of 2021 with underwritten premiums worth RON389.5 million, 29% higher than in the same period of last year, according to the company’s representatives.18995 items