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Bucharest’s five-star hotel JW Marriott, managed by Societatea Companiilor Hoteliere Grand, ended 2021 with turnover at 45% of 2019 level.
Tulcea-based bakery company Lidas, controlled by entrepreneur Elena Anastase, stared construction works for the second bakery plant, in Cataloi, in a EUR46 million investment, half covered by state aid.
Cigarette wholesaler Punctual Comimpex based in Cluj-Napoca and owned by entrepreneur Vasile Muresan, ended 2021 with total revenue of RON850.8 million (EUR173 million), up 17.4% year-on-year, the data supplied by the company show.
Telecommunications operator Digi Communications (DIGI.RO) on Thursday night notified Bucharest Stock Exchange investors it had repaid EUR272 million of the group’s financial debt.
Rombat Bistrita sold 2.65 million automotive batteries on the markets where it operates in 2021, up 15% from the previous year, the company said.
Regional investment fund SIF Muntenia (SIF4.RO) said in a stock market report on Thursday that it was notified by regional investment fund SIF Banat-Crisana (SIF1.RO) of the latter’s overshooting the 10% ownership threshold of SIF4 shares following deals geld on January 18, 2021.
The roofing and insulating panels manufacturer Impro, a subsidiary of the Polish group of the same name, has planned investments in its factories in Romania, in Timisoara and Cluj-Napoca this year.
Romania's finance ministry on Thursday raised RON1.15 billion selling bonds maturing in 2026 and 2030, at annual average yields of 4.99% and 5.35%, respectively.
SmartWrap, a producer and distributor of smart flexible packaging, ended 2021 with a turnover of over EUR7.5 million, up 18% from 2020.
Shareholders of Evergent Investments (EVER.RO) on Thursday approved the reduction of the share capital to RON96.2 million from RON98.1 million in accordance with and motivated by the general meeting of shareholders of April 29, 2021, in line with a stock market report.
Romania's finance ministry has raised a total $2.4 billion tapping international markets with US dollar-denominated five and ten-year bonds, including the refinancing of dollar-denominated bonds issued in the previous years.
Romanian shipyard Santierul Naval Orsova (SNO.RO) said Thursday in a stock market announcement that it had concluded two external contracts worth EUR4.06 million for the construction of two river vessels to be delivered to The Netherlands.
Real estate consultancy company CBRE has appointed Victor Rachita to lead the Industrial & Logistics (I&L) Department in Romania, pursuing its consistent efforts to strengthen the industrial & logistics team and extend the local market share.
Cristian Secosan, 54, will take over the position of general manager of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, and that of deputy general manager of E.ON Romania, from the beginning of April 2022.
The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in the last six years, per the 11th edition of the McKinsey Global Annual Banking Review, which also shows the financial services industry survived the pandemic better than expectations, but the sector is under the sign of a great divergence.
Most commercial real estate (CRE) companies (80%) estimate revenue increases in 2022 compared to 2021 and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study.
Romanian fintech FLOWX.AI on Thursday announced the opening of an office in Paris and the appointment of Rodica Guisset as its Managing Director for EMEA, UK and Ireland.
ROCA Industry has a signed a contract for the acquisition of 70% of the shares of Eco Euro Doors (EED), a Romanian producer of doors for residential projects, with a 27-year experience on the market and over 320,000 units sold in 2021.
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening its first store in Romania, within ParkLake Shopping Center in capital Bucharest, until the end of 2022.
Romanian property restitution fund Fondul Proprietatea said in a stock market report Thursday morning that it had already sold 2.275 billion ordinary shares held by the Fund in OMV Petrom (SNP.RO), the equivalent of 4% in the company, for a total RON978 million.19451 items