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Romania manufactured 286,038 vehicles in the first eight months of 2021, data from the country's carmakers association ACAROM showed Thursday.
Co-working space V7 Studio, opened by entrepreneurs Andrei Cretu and Iulian Carciumaru, back in October 2018, in capital Bucharest, was acquired by two former residents and relocated to a building near Bucharest’s Piata Romana Square.
Agricultural company Agroland Agribusiness (AAB.RO), part of Agroland Group, listed its first bond issue, worth RON10 million, on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange, under the ticker symbol AAB26, on Thursday (Sept 9).
Romanian coffee shop chain 5 to Go is acquiring local coffee shop chain Take Five Coffee based in south-eastern city of Constanta.
Green Group, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has announced an investment of EUR12 million to install a production line for r-PET (Recyclable Polyethylene Terephthalate) granules in Slovakia, with a capacity of 8,000 tons per year.
In Romania, the online food trade accounts for just 1% of the overall fast-moving consumer goods (FMCG) market, per the latest data from Ziarul Financiar (ZF), but online FMCG sales grow fast along with Romanians’ appetite for this type of retail.
Romanian video game developer Amber reported turnover worth RON50 million in the first six months of 2021, up 45% against the year-earlier period, and expects revenues to grow 36% to RON117 million by the end of 2021.
Tyre distributor Dinamic 92 Distribution, controlled by Tofan family of Piatra Neamt, for 2020 reported turnover worth RON286.5 million (EUR59.5 million), slightly higher on the year, and net profit of above RON11.4 million (EUR2.4 million), up 32% against 2019, according with ZF calculations based on Finance Ministry data.
Romania's trade balance posted a deficit of EUR12.8 billion in January-July 2021, higher by EUR2.8 billion compared with the first seven months of 2020, data from the country's statistics board showed Thursday.
Ramada by Wyndham Targu Jiu hotel, the first four-star hotel under an international brand in Gorj county, opened on September 1. Prices per overnight accommodation start from RON329, in line with booking.com.
Somes Aries agricultural cooperative, made up of over 80 farmers of Bistrita, Salaj, Cluj, Mures and Alba counties, with turnover of above EUR10 million in 2020, is in talks to take over the cheese plant of Taga (Cluj County), from FrieslandCampina, the producer of Napolact brand.
Romanians last year bought 4.1 billion litres of soft drinks for which they paid RON11 billion, with the market shrinking during the course of the pandemic both in terms of volume (by 1.7%) and value (8.8%), in line with data provided by Euromonitor market research firm.
The Bucharest Stock Exchange will expand the maximum number of companies included in the BET-XT, BET-XT-TR and BET-BK from 25 to 30, with the periodic adjustment of September 2021.
The shareholders of Banca Transilvania (TLV.RO), the largest lender in Romania, on Wednesday approved distribution of dividends using RON425.75 million from the 2020 profit and RON74.25 million from the net profit reserves of 2019, RON500 million in all, a report to the Bucharest Stock Exchange shows.
The Bucharest Stock Exchange (BVB) said Wednesday that the first bond issue of canned foods manufacturer Prefera Foods, in the amount of EUR5 million, will start trading on BVB’s Multilateral Trading System, under the ticker symbol PRF26E, on Friday, September 10, 2021.
For the first time in history, the combined capitalization of companies listed on the Regulated Market of the Bucharest Stock Exchange (BVB) reached RON204.9 billion, the equivalent of EUR41.5 billion.
Low-cost airline Wizz Air on Wednesday said it would operate flights on two new routes, from Iasi (Romania) to Madrid (Spain) and from Suceava (Romania) to Brussels (Belgium), starting December 2021.
Lender First Bank (the former Piraeus Bank), held by US investment fund J.C. Flowers, on Wednesday reported a net profit of RON54 million for the first half of 2021, 2.5-fold higher on the year, and operating net income of RON177 million, up 10% from the same period in 2020.
Packaging manufacturer Somplast Nasaud (SOPL.RO) said in a stock market report Wednesday that it signed a contract with TeraBio Pack SRL, a member of TeraPlast Group, on Sept 6, whereby it will transfer the plastic wrap business line to TeraBio Pack, for RON5.4 million.
Asking prices of new and old apartments put up for sale in Romania's largest cities increased in August 2021, after remaining stable in the previous three months, according to Imobiliare.ro index.18957 items