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Romania’s Finance Ministry has reopened a bond issue due in 2030 and raised RON600 million from banks on Monday (November 1), at an annual yield of 4.93%.
The Bucharest Stock Exchange on Monday said the bonds issued by Chronostyle International, the company that operates the Cellini stores, would start trading on Tuesday, November 2, 2021.
Gregor Roy Chowdhury has acquired the majority stake in apparel manufacturer Secuiana, which has been held so far by multiple shareholders: private individuals and current and former company employees.
Romania's foreign exchange reserves fell to EUR39.8 billion in October 2021, lower by EUR1.37 billion than in September 2021, central bank data showed Monday.
NN Romania, one of the leading players on the life insurance market and the private pension sector, on Monday said it would complement its loan insurance package with mortgage brokerage services based on a partnership with lender ING Bank.
Law firm Filip & Company has provided legal assistance to lender Banca Transilvania in finalizing the transaction for the acquisition of Idea::Bank, Idea::Leasing and Idea::Broker de Asigurare in Romania from Poland’s Getin Holding Group.
The number of card payment transactions surged 61% in June 2021 compared to June 2019, up to 327 million, from 203 million in the pre-pandemic year, while the value of transactions grew 60% up to RON41.4 billion at end-June 2021, compared to RON25.8 billion two years ago, per data from Dreptul La Banking (The Right to Banking) platform, based on central bank data.
Novum Business Invest, held by Ionut Cosmin Fleancu and Dan George Dobre, has bought a plot of land in capital Bucharest, in the vicinity of Carol Park, where it will develop a residential project of 500 apartments, with the investment nearing EUR65 million.
Software solutions provider Life is Hard (LIH), listed on the AeRo market of the Romanian stock exchange, ended the third quarter of this year with turnover worth RON15.9 million, up 290% from the year-earlier period, and net profit of RON2.79 million, 999.4% higher.
Arges-based Forte Vita Farm, developed by pharmacist Cristiana Ungureanu, posted turnover worth almost RON20 million, 17% higher than in the previous year.
The company that manages Bucharest’s Caro hotel complex registered turnover worth RON10 million and losses of RON2.5 million in 2020, against RON35.5 million turnover and RON9.7 million profit in 2019.
Alexandrion Group, the biggest alcoholic drinks maker domestically, with turnover worth almost RON1 billion in 2020, has launched Alexandrion Flavour on the Romanian market, including Alexandrion Coffee and Alexandrion Greek Orange, based on Alexandrion 5*, for which it hopes to get a 2% share of the category’s total sales.
Santa Pharm, a company controlled by brothers Atilla Santa and Nandor Santa, which in late 2017 took over Brasov-based Europharm drug factory, two years after GB’s GSK closed down the unit, ended 2020 with RON34 million turnover, around 30% higher than in 2019.
Construction material manufacturer TeraPlast Bistrita’s (TRP.RO) board of directors has called shareholders for a meeting on December 3, 2021 to approve increasing the maximum price of the shares to be repurchased from RON1 to RON2 for no more than 7.5 million shares, its report to the Bucharest Stock Exchange on Friday shows.
Almost three quarters (72.2%) of employees in Romania said they were currently working from the office at least three days per week, although the impact of the COVID-19 pandemic is now ampler than in 2020.
UniCredit Bank has received from the finance ministry a supplementation of RON464 million, up to RON1.78 billion, of the existing guarantee ceiling for loans granted to small- and medium-sized enterprises (SMEs) with mid-capitalization, through the government's IMM Invest program for SMEs, the 2021 edition.
Lender Banca Transilvania said in a stock market report on Friday (Oct 29) that it finalized the acquisition of the entire ownership stake held by Poland’s Getin Holding Group in Idea::Bank, Idea::Leasing and Idea::Broker de Asigurare.
Farming company Bravcod has contracted a loan of RON5 million from lender CEC Bank to develop its business.
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, continued its upward trend on Friday (Oct 29) and grew to 2.36% a year, per central bank data.
Belgian investor Mitiska Reim, specialized in European shopping centers, has announced the opening of a new project in Baia Mare (northwestern Romania) and the expansion of the Medias retail park, in partnership with builder Square 7 Properties.18957 items