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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 2.58% a year on Thursday (November 11) from 2.55% a year on Wednesday (Nov 10), per central bank data.
Romania’s economy is expected to expand by 7% in 2021, slightly lower than the 7.4% growth rate projected in July, the European Commission said on Thursday (Nov 11) in its Autumn 2021 Economic Forecast report.
Real estate developer Iulius Group, held by entrepreneur Iulian Dascalu, plans to develop a new real estate project in the central area of the city of Iasi, where it already invested in the Palas Iasi complex, in the vicinity of the Culture Palace.
Law firm Filip & Company has assisted Electrica (EL.RO), one of the main actors on the energy supply and distribution market in Romania, in contracting a loan worth EUR750 million from Erste Group Bank and Raiffeisen Bank Romania.
LIBERTY Steel Group, which owns the largest integrated steel producer in Romania, has hired 532 new employees in 2021, with at least 100 more jobs still to be filled by the end of 2021.
Portland Trust, one of the most powerful real estate developers in Romania, has finalised the sale of the largest photovoltaic park under development in Romania to Econergy and Nofar Energy.
MedLife Group (M.RO), the leader of the private medical services market in Romania, announced in a stock market report on Thursday the resumption of the acquisition process of OncoCard Hospital Brasov, one of the most important diagnostic and oncological treatment centers in Romania, by signing the sales and purchase agreement of 100% of group shares.
The Bucharest Stock Exchange said in its financial report on Thursday that its net profit stood at RON5.53 million in the first nine months of 2021, down 37% from RON8.76 million in the year-earlier period, with a net margin of 30%.
Romania’s central bank has revised upwards its annual inflation forecast expecting a rate of 7.5% in December 2021, higher by 1.9 percentage points than the level anticipated in August, the bank said it its November Inflation Report released Thursday (Nov 11).
Agricultural company Agroland Agribusiness (AAB.RO), part of Agroland Group, on Thursday reported operating revenue of RON22.2 million for the first nine months of 2021, up 53% on the year, and a net profit of RON1.2 million, compared with RON282,317 in January-September 2020, per a stock market report.
The average net salary in Romania increased by 0.9% in nominal terms in September 2021 compared with August 2021, to 3,517 lei (EUR710.6), data from the country's statistics board showed Thursday.
Romania’s medtech startup Medicai wants to go abroad through a partnership with Microsoft.
Around 280,000 square meters of offices are under construction in capital Bucharest, an area fit for around 18,000 corporate employees taking into account a 15-square meter average per employee, compared with ten square meters before the Covid-19 pandemic.
Integrated mobility services provider Autonom Services, controlled by brothers Marius and Dan Stefan, is readying a bond issue worth as much as EUR50 million, with a five-year maturity, according to several ZF sources.
Suceava-based Dorna Medical, one of the five most dynamic companies in the healthcare sector, wants to grow by over 10% in 2021, which would take the company’s turnover to more than RON45 million this year, in line with ZF calculations.
Radisson Blu Brasov hotel, developed by RaRa Hotels, part of RaRa Group controlled by Ramona Neamtu and Razvan Neamtu, is set to open in the first quarter of 2021, according to the hotel’s representatives.
Germany’s Allianz group, present in Romania through insurer Allianz-Tiriac, ended the first nine months of 2021 with EUR7.26 billion revenues, 38.9% higher than in the same period of 2020, and operating profit of EUR9.9 billion, up 27.2%.
2021 will bring a turnover decline for Interstar Chim against the first pandemic year, as disinfectant demand declined, but the figure will go beyond the level of 2019, the last year before the pandemic.
Italy’s Enel, one of the biggest players on the domestic energy supply and distribution market with 3 million clients, in the first nine months of 2021 reached revenues of almost EUR1.1 billion, up 6% from the year-earlier period.
The revenue of pharmaceutical company Antibiotice Iasi stood at RON245 million in January-September, an increase of 21% on the year-ago period, its report to the Bucharest Stock Exchange shows.18957 items