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Romania may record an increase of just 0.7% in sales of new passenger cars and light commercial vehicles (LCVs) in 2021, with 142,000 units sold, per an Autofacts report carried out by the PwC network at European level, based on IHS Markit data, but sales in the medium term could surpass the 2019 record.
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Tuesday that it acquired a bundle of assets from Romanian coal and power producer CET Govora at a tender held by the latter on November 8, 2021.
Romania's central bank on Tuesday (November 9) raised its benchmark interest rate to 1.75% a year from 1.5% a year, starting November 10, 2021.
Romania’s Competition Council is putting up for public debate the proposals of commitments submitted by on-demand delivery platform Glovo in order to eliminate antitrust issues found in the context of the acquisition of Foodpanda and Delivery Hero.
A new hotel of the Double Tree chain will open in Brasov in 2023. The hotel will have a capacity of 150 rooms and require EUR21 million investment, Mircea Draghici, managing director of ESH Hospitality Consulting said at a ZF conference, organized in partnership with Bucharest Real Estate Club (BREC) on Tuesday.
Investments into property in Central & Eastern Europe (CEE) for H1 2021 were down by a whopping 22% compared to the same period a year earlier, which may come as no surprise, given the immense economic repercussions of the COVID-19 international health crisis on most sectors, according to KPMG.
McKinsey Global Institute estimates in a report that better health could add $26 billion to the Romanian economy by 2040, a 9% boost to GDP that translates into 0.4% faster growth every year.
Romanian software development company Softbinator Technologies (CODE.RO) on Tuesday announced the start of procedures to acquire WiseUp, a local software product development company.
FLOWX.AI, an enterprise platform that enables banks and financial institutions with complex IT infrastructures to build fast modern digital experiences unbounded from the limitations of their legacy systems – has raised $8.5 million in their seed round.
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 2.48% a year on Tuesday (November 9) from 2.45% a year on Monday (Nov 8), per central bank data.
Online payment processor PayU expects products and services worth nearly RON500 million to be bought and paid online at 2021 Black Friday campaign, which starts on November 12.
Romania's trade balance posted a deficit of EUR16.7 billion in January-September 2021, higher by EUR3.68 billion compared with the first nine months of 2020, data from the country's statistics board INS showed Tuesday.
Public transport and mobility solutions giant SYSTRA, headquartered in France, took over Italy’s group Sws Engineering, including the Romanian subsidiary, thus entering the domestic market.
Donna Medical Center, set up in 2011 by Elena Claudia Teodorescu, a radiologist specialized in breast imaging, targets EUR4 million turnover this year.
Reynaers Romania, the local division of European developer of aluminum products for the building sector, is considering expanding the logistic spaces it has in Romania as its business continues to grow and also building a production unit in Romania.
2021 has topped initial expectations for Penny Romania, despite the pandemic and inflation that hurt companies in various fields, so that the retail is poised to see turnover go up by around 15%, to nearly RON5.5 billion, in line with ZF calculations based on information provided by the network’s representatives.
Wine producer Castel Mimi of the Republic of Moldova ended 2020 with turnover worth EUR2.5 million.
Medical sector now accounts for 23% of the total new leases in office buildings, an increase of 3% on 2019 and 10% on 2020, ESOP Consulting data show.
eMAG, the leading online retailer in Romania and one of the largest in the region, expects Black Friday sales to reach RON615 million this year, 5% more than in 2020 and expects 6 out of 10 customers to pay by card.
Real estate developer Forty Management, run by Lucian Azoitei, on Monday announced the off-plan sale of 90% of Bucharest-based mixed-use project Central District Viitorului 134.18957 items