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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 before May 2019 rose 2.43% a year on Friday (November 5) from the 2.40% on Thursday.
Romania retail turnover, the main barometer for private consumption, in the first nine months of this year rose by 11.9% as gross series from the same period of last year, amid rising sales of non-food items (17.6%), fuel (11.8%) and food, beverages and tobacco (6%), in line with National Statistics data.
Dedeman, one of the biggest players on the regional DIY market, but with operations only on the domestic market, wants to resume talks about regional expansion after having covered almost all domestic counties.
Romania’s outsourcing industry can reach 208,000 employees in 2022, after an almost 17% increase, namely 30,000 persons, in line with data provided by the Association of Business Service Leaders in Romania (ABSL).
Intesa Sanpaolo Romania, the domestic subsidiary of the Italian bank of the same name, for the first nine months of 2021 reported revenues worth EUR29 million, down 5.2% against the same period of 2020.
Real estate developer PSC Group, controlled by Cristi Pascu, is seeking land plots in northern Bucharest and partners to launch a large project that could include over 10,000 housing units and elements such as kindergartens, schools or commercial units in its final stage, explained Irina Stoenescu, PSC Group vice-president.
Private cleaning services provider Deziclean has reached annual turnover worth EUR6 million with over 600 employees.
Sweets producer Pan Food Sibiu ended last year with RON20 million (EUR4.2 million) revenue, up 1% year-on-year, ZF has calculated from Finance Ministry data.
Management solutions and BPO service provider Sykes Enterprises Eastern Europe, part of US Sykes group, has 90 jobs available at its Cluj-Napoca office, according to the website of the Cluj County employment agency.
Draghici Dental group of firms reported an increase of over 30% in turnover on the year in the first nine months of 2021, due to the development of its core business- dental technique laboratory Laboratorul de Tehnica Dentara Draghici Dental-, and its profit doubled compared to 2020.
The total value of property investments exceeded EUR540 million in Romania in the first nine months of 2021, lower by 30% than the EUR820 million level in the same period in 2020, with almost half the amount transacted being recorded in the third quarter of 2021, per Colliers Romania consultants.
Verdino Green Foods, a Romanian producer of meat alternative products using pea protein, has sold a minority stake to private equity firm BlackPeak Capital via BlackPeak Southeast Europe Growth Equity Fund.
German-held retailer Metro Cash&Carry Romania has finalized the expansion by 10,000 square meters of its logistics center in Stefanestii de Jos locality near capital city of Bucharest. The center thus reaches an area of over 65,000 sqm.
An international group of investors buys 45% of the shares of Greek-held company SoftOne Group. The capital infusion is expected to also fund the company’s development overseas as the Romanian division targets a turnover of EUR5 million until 2025.
The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018.
The European Bank for Reconstruction and Development (EBRD) on Thursday (Nov 4) revised upwards its forecast on Romania’s economic growth to 7.2% in 2021 and 4.4% in 2022.
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 2.40% a year on Thursday (November 4) after staying put at 2.36% a year over the last four days, per central bank data.
Romanian property restitution fund Fondul Proprietatea (FP.RO) is summoning its shareholders on December 15 – mostly Pillar II (mandatory) private pension funds – to approve a share buyback program worth maximum RON2 billion and a special dividend of RON0.06 per share.
Teilor Holding, the group of companies including luxury jewelry chain Teilor, Teilor Invest Exchange and Invest Intermed GF IFN, plans to carry out by yearend a private corporate bond placement on the AeRO market of the Bucharest Stock Exchange, with a value put at RON45 million.
BRD-Societe Generale ended the first nine months of 2021 with net banking income worth RON2.3 billion, up 1.2% from the same period of 2020, and RON920 million profit, up 25%.18957 items