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Romania’s Labor Ministry is proposing raising the minimum net wage to RON1,524 (EUR307.9) starting with January 1, 2022, which translates into a 10% increase (+RON138) compared to the current level, while the minimum gross wage is seen reaching RON2,550 (+10.9%).
Alpha Bank Romania has signed a collaboration protocol with Romania's Agency for Rural Investment Financing (AFIR) in order to speed up the absorption process of European funds allocated under the National Rural Development Program for the 2021-2022 transition period.
Libra Internet Bank has raised EUR27.8 million from stock market investors through a private placement of bonds, with a seven-year maturity and an interest rate of 4.25%, payable annually.
Irinel Popescu, Retail Director at Metro Romania, will become the company’s new Franchise Director, a newly established position under the direct coordination of the company’s General Manager Adrian Ariciu.
Visual Fan S.A. (ALW.RO), which holds the Allview electronic devices brand, announced its intention to acquire a significant ownership stake in Intervision Trading RO SRL, which is sole distributor in Central and Eastern Europe (CEE) of the products under Japanese consumer electronics brand Akai.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.69% a year on Tuesday (Sept 28), from 1.67% a year on Monday (Sept 27) and 1.65% a year on Friday (Sept 24).
Romanian business managers expect moderate growth in the economic activity in retail trade and services, as well as in prices in the processing industry, constructions and trade, in parallel with a relative stability in staff numbers, for the period September -November 2021, data from the country’s statistics board INS showed Tuesday.
Solina Romania, the former Supremia Grup, one of Romania’s biggest makers of food ingredients and spices, is set to finalize in October a EUR17 million investment in building a plant from scratch in Alba Iulia.
Sphera Franchise Group, owner of KFC, Pizza Hut and Taco Bell franchises, brought 112 workers from Sri Lanka to Romania in the first half of 2021 to set off the domestic workforce shortage.
Spanish giant Inditex, owner of Zara and other major fashion brands, has 1,805 important suppliers worldwide and its items are manufactures in more than 8,500 plants across the world. None of this production units is present in Romania.
Bucharest’s five-star Suter Palace Heritage Boutique Hotel in 2020 registered turnover of above RON2 million. The hotel was opened in 2018 and posted RON2 million revenues in its first year of activity.
Jewelry chain Teilor plans to invest RON30 million by yearend to develop its store network in Romania, Poland and Hungary, with the amounts earmarked per project averaging RON3.5 million.
Real estate consulting company Colliers Romania on Monday announced the appointment of Victor Cosconel to the position of Head of Industrial & Business Development, effective September.
Real estate consulting firm Collier rates the yields of premium office space projects in capital Bucharest at 6.75%, lower than the levels recorded in the previous years (for instance, 7% in autumn 2020), but, for exceptional projects, they are expected to go even below this threshold.
Romania's finance ministry on Monday raised 400 million lei (EUR80.8 million) selling bonds maturing in October 2027 at an average yield of 3.75%, central bank data showed.
Enel X Romania, part of Enel X, the division of advanced energy services of Enel Group, has signed an agreement with Power Electric for the sale of electric vehicle charging stations.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) informed the shareholders and investors in a stock market report about the setup of the SNN branch, the Uranium Concentrate Processing Factory-Feldioara SRL, on September 24, 2021.
Philip Morris Romania, the producer of Marlboro cigarettes and of heat-not-burn products IQOS, has appointed Portuguese Joao Brigido to the position of manufacturing director of its factory in Otopeni, near capital Bucharest, effective August 1, 2021.
Individual investors bought RON428 million worth of Fidelis government bonds for the general population during the first two weeks of unfolding the offer for subscription, per data compiled by Ziarul Financiar (ZF) from brokers’ platforms.
Romanian state-owned natural gas producer Romgaz plans to borrow EUR350 million, through a syndicated loan, in order to acquire US giant ExxonMobil's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, according to Ziarul Financiar (ZF).18957 items