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The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by Cristian Rosu, vice president of the Financial Supervisory Authority (ASF) for the insurance sector.
The 5 to go café chain has reached almost 300 shops nationwide after 90 new ones opened in 2021, with another 16 due to open soon.
Flights to and from Romania generated EUR122 million revenue for Hungary’s Wizz Air group between April and September this year, according to a corporate financial report.
Bitdefender, one of the first private software companies established in Romania after the fall of communism, as well as one of the largest local software businesses and a key player in the global market for cyber security solutions, has hired investment banks JPMorgan and Morgan Stanley to manage the floatation project in the United States.
Continental Romania, the largest automotive component manufacturer in the country, is investing EUR8 million in a new building in Iasi, which includes the engineering center, test laboratories and an aboveground car park.
ABN Systems International, an integrator and distributor of electronic equipment and telecommunications accessories, will launch the first IPO of a technology company on the Bucharest Stock Exchange on December 15 for the sale of 7.73 million shares, representing a 30% free float.
Romania ranks 31st by purchasing power out of the 42 countries included in the European ranking of GfK, with an average of EUR7,453 per capita, 50% lower than the European average.
Practic SA (PRBU.RO), one of the largest owners of street front retail space in Bucharest, is selling a 27,845 square meter plot in Brasov to Onix Residence Bucuresti and a 1,361 square meter plot in Primaverii area in Bucharest to real estate developer Hagag.
Net investments in the Romanian economy amounted to RON78.7 billion in the first nine months of this year, up by 6.1% against the year-earlier period, data from the national statistics board showed Friday.
Romania’s trade balance posted a deficit of EUR19.2 billion in the first ten months of this year, higher by EUR4.3 billion compared with the first ten months of 2020, data from the country’s statistics board INS showed.
Antibiotice Iasi, the biggest local Romanian-held drug maker, aims for exports to weigh 50%-60% in turnover by 2028.
Roca Industry, a holding set up by Roca Investments with the name of Holdingrock1 at the Trade Registry, grouping Romanian producers of building materials, at present Bico and Sarcom, with total turnover of around RON120 million and net profit of RON15 million in 2020, is readying to list on the Bucharest Stock Exchange via a private placement handled by BT Capital Partners.
Chiajna-located Omnia Plast, controlled by Italy’s group Sunino Spa, which produces winter sports equipment, toys and other plastic items in three local plants, plans to build a fourth plant in Ilfov in the next two years.
Visual Fan, owner of Allview brand, controlled by Lucian Peticila, announced it would tap into the electric car market.
Household appliance manufacturer De’Longhi Romania, the biggest exporter of Cluj, has 328 jobs available at the coffee machines plant of Jucu, Cluj county.
Car parts producer Preh Romania, a supplier to Porsche, Mercedes, Tesla, Audi or BMW, in 1H/2021 generated EUR126 million turnover, over 27% higher than in the year-earlier period and expects 2021 turnover to total around EUR220 million.
Italian cable manufacturer Prysmian will invest EUR10 million in 2002 to expand its plant of Slatina, according to Federico Cianciosi, chief operating officer at Prysmian Romania.
Romania’s Finance Ministry reopened a bond issue due in 2030 and raised RON771 million from banks on Thursday, more than double the scheduled level of RON300 million, at an annual yield of 5.56%.
French group Lagardère Travel Retail wants to reposition the Inmedio network, which currently has 231 stores in Romania, and expand it with new locations, both in malls and shopping arcades and through new formats or channels.
Banca Comerciala Romana (BCR) has released a new bond issue, worth RON600 million, with a maturity of seven years, which will be listed on the Bucharest Stock Exchange.18981 items