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FintechOS, the Romanian startup developing digital solutions for the financial industry, is tapping the US market, where it is set to work both for traditional banking and lending institutions, as well as for fintechs, according to company information.
Romania’s dental services industry generated turnover worth RON2.3 billion in 2020, the same as in the previous year, in line with Trade Registry data.
The average price per one hectare of farmland in Romania revolves around EUR6,000, which is luring Romanian, as well as foreign investors, the more so as the European average is higher.
The real estate arm of Radacini Group, controlled by businessman Ali Madadi, plans to start construction works on two new retail centers, the first ones of the group, in Chitila and Pipera, respectively.
Bricostore Romania, the company through which Britain’s Kingfisher group operates its 35 DIY units domestically, is set to implement an EU co-funded project for employee training until January 2023.
Romania’s postal and courier services market ranks 14th among the markets of EU countries, with a value put at EUR1.2 billion in 2021, 8.8% lower than in 2020, in line with Ibisworld data.
Heraeus Romania, a maker of adhesives for the electronics industry and the local subsidiary of Germany’s Heraeus group, ended last year with RON227.6 million (EUR47.2 million) revenue, an increase of 4% year-on-year, ZF has calculated from Finance Ministry data.
Helbako Electronica, the local subsidiary of Germany’s Helbako GmbH, posted RON96.2 million (EUR20 million) revenue in 2020, an increase of 9.5% year-on-year, ZF has calculated from Finance Ministry data.
Apparel manufacturer Secuiana in Targu Secuiesc, Covasna, posted RON23.7 million (EUR4.9 million) revenue in 2020, a decline of 30% from the RON34 million (EUR7.2 million) of 2019, Finance Ministry data show.
Romania’s central bank BNR has approved the acquisition by the largest lender in the country, Banca Transilvania, of Poland’s Getin Holding’s stake in Idea Bank.
The sector of land plots for residential developments remains attractive for investors in Romania in search of attractive yields, although the market is becoming increasingly crowded, per a report by real estate consulting firm Colliers.
Romania's public debt climbed to RON545.3 billion (EUR110 billion) in July 2021, accounting for 49.3% of the gross domestic product (GDP), per finance ministry data.
Courier services company Sameday Courier, majority held by online retailer eMAG, is expanding its senior management team and announces the appointment of Ana Krasovschi to the position of People, Culture & Organization Director.
The Bucharest Stock Exchange (BVB) on Tuesday said the EUR500,000 worth of bonds issued by Ansett Logistics would start trading on BVB’s Multilateral Trading System, under the ticker symbol ANS26E, on Wednesday (Sept 15, 2021).
RPHI Romania (Raiffesen Property), the company that holds and manages Bucharest’s SkyTower, has extended by seven more years the lease contract for office space within SkyTower for the Republic of Korea Embassy In Romania.
2Performant (2P.RO), the main player on the Romanian affiliate marketing market, listed on the AeRO market of the Bucharest Stock Exchange, ended the first six months of 2021 with a turnover of RON10.8 million, up 17% on the year, with almost 90% of revenue being generated by the Romanian market, pet the financial report.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, on Tuesday (Sept 14) dropped to the psychological threshold of 1.60% a year, after stagnating at 1.61% a year in the last five sessions.
Remedium Farm, a family business operating in the field of pharmaceutical retail in Cluj County, established almost 30 years ago, reported an 8% higher turnover in 2020, up to RON182 million, per finance ministry data.
Romania’s industrial production increased by 14% as gross series in January-July 2021 compared to the same period in 2020, and by 15.1% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Tuesday.
The Ardeleanu family (Vlad, an entrepreneur, and Virginia, a dentist) has finalized investments worth over EUR450,000 to add two new clinics, in Bucharest and Giurgiu, to Dr. Ardeleanu dental clinic chain.18957 items