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Lender Banca Comerciala Romana has lowered its economic growth projection for Romania to 6.4% in 2021, versus 7.4% previously, after the country’s statistics board INS revised its GDP data on Tuesday (Nov 16).
Lender Raiffeisen Bank has revised downwards its economic growth projections for Romania to 6.2% from 7.5% previously after the country’s statistics board INS released the GDP data for the third quarter of 2021, on Tuesday (Nov 16).
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday said it ended the first nine months of 2021 with a net profit of RON42 million, up 14.2% on the year, a turnover of RON313.3 million, up 3.1% on the year, per stock market data.
Romania manufactured 333,179 vehicles in the first ten months of 2021, fewer by 6.5% than 356,491 units in the same period of 2020, data from the country's carmakers association ACAROM showed Tuesday.
Shareholders of Elefant Online, which operates online retailer elefant.ro, on Tuesday approved an increase in the company’s share capital by the equivalent in lei of EUR2 million and the unfolding of a private placement of leu-denominated bonds which will be held in the coming period with the support of Tradeville.
Shareholders of regional investment fund SIF Muntenia (SIF4.RO) decided in their general meeting of November 15 to reject the request submitted by individual investor Behboud Madadi, aged 42, for the distribution of RON350 million as dividends from the retained result.
TEILOR, the chain of luxury jewelry stores present across the CEE region, has received a credit line and an investment credit in the total amount of EUR8.47 million from EximBank.
Telecom operator Vodafone Romania on Tuesday reported service revenue of RON196.6 million for the third quarter of 2021, up 0.9% from the same period in 2020, according to results reported Tuesday by Vodafone Group Plc.
Hotel consultancy and valuation company Horwath HTL has valued the Nordis Brasov project and estimates a market value of more than EUR40 million after the hotel opens in November 2023
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 2.60% a year on Tuesday (November 16) from 2.59% a year on Monday (Nov 15), per central bank data.
Romanian brick manufacturer Cemacon Cluj Napoca (CEON.RO) said in its financial report released Tuesday that it ended the first nine months of 2021 with a turnover of RON133.6 million, up 40% on the year, and a net profit of RON42.6 million, up 88% from the level reported in the same period of 2020.
Romania’s national commission for prognosis and statistics kept its projections for the country’s GDP growth at 7% in 2021, but it revised downwards its GDP forecast for 2022, at 4.6%, from 4.9% envisaged in its summer forecast.
Romania's gross domestic product (GDP) grew 7.2% in real terms (in unadjusted data) in the third quarter of 2021 as compared with the third quarter of 2020, and by 8.0% in seasonally adjusted data, the country’s statistics board INS said Tuesday.
Patria Bank ended the first nine months of 2021 with net profit worth RON7.2 million, up 20% from the same period of 2020, mainly supported by the favorable trend of operating revenues and the lower operating expenses that led to 66% higher operating profit.
Large wind and solar energy projects worth above EUR400 million got the green light in October to connect to Transelectrica grid.
Uber Romania has expanded its services to 7 new cities in 2021, getting to a total number of 13 cities, and in the next two years the expansion pace should be similar with this year’s, explained Ana Maria Borlovan, country operations manager at Uber Romania.
Computer and electronics retailer Altex plans to expand its logistics area by at least two regional centers, in Moldavia and Banat.
Hilton Garden Inn hotel located in Bucharest’s old town, controlled by Lithuania’s Apex, expects turnover to reach EUR3 million this year, from EUR2 million in 2020, according to the company’s officials.
Maria Necsulescu, Jidvei deputy general manager, expects RON200 million turnover from wine sales alone in 2021.
Ford Europe wants to bring a shared services center to Bucharest and will lease 6,000 square meters of office space at first, adding more as it develops, according to property market data.18957 items