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Impact Developer & Contractor (IMP.RO) continues the implementation of the development strategy for the next six years by signing a EUR5 million loan agreement with OTP Bank, through its subsidiary Bergamot Developments, a company in which IMPACT is a majority associate holding 99.99% of the social capital.
Romania's finance ministry on Thursday raised 228 million lei (EUR46 million) from banks by selling a new issue of bonds maturing in 2036, at an average yield of 5.32%, central bank data showed.
Romania’s public debt has decreased by RON4 billion to RON552.4 billion, or 48.2% of the country's gross domestic product (GDP), in October 2021, as compared to RON556.4 billion, or 48.5% of the GDP, in September 2021, in line with finance ministry data released on Thursday (Dec 16).
The Board of Directors of lender Patria Bank on Thursday approved the appointment of Georgiana Mihaela Stanciulescu to the position of Deputy General Manager - Financial Division, member of the Board, for a four-year term, starting with January 1, 2022.
Insurance company Allianz-Tiriac on Thursday reported gross underwritings of over RON1.2 billion in January-September 2021, up over 19% on the year, with all significant business lines seeing increases in sales, amid higher client numbers.
Grampet, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, is present on the logistics segment in Austria with the company Grampetcargo Austria.
The volume of Romanian construction works decreased, in unadjusted data, by 2.0%, in in January-October 2021 as compared to the same period of 2020, and by 1.3% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.
Bittnet Training, part of the Bittnet Group listed on the Main Market of the Bucharest Stock Exchange, on Thursday announced its entry into the Moldovan market by signing a partnership with Reliable Solutions Distributor (RSD), a local business and software solutions company.
The gradual comeback of consumption in 2021, despite pandemic-related uncertainties, is fueling a revival stronger than estimated in early 2021 in terms of marketing expenses and implicitly of the media market which is seen growing 17% to EUR540 million, in line with the Media Fact Book annual report by media agency Initiative Romania.
Metropolitan Life, the local subsidiary of Ireland’s Metlife Europe, ended the first nine months of 2021 with underwritten premiums worth RON389.5 million, 29% higher than in the same period of last year, according to the company’s representatives.
Cold cuts producer Meda Prod 98, a major player on the market, will generate turnover of around RON300 million in 2021, compared with RON217 million in the previous year.
Techtex, a company specializing in the production of technical textiles, expects to end this year with RON120 million revenue, up 15-20% on the previous year, and next year with RON200 million next revenue as it diversifies its product portfolio.
Dedeman, the largest Romanian entrepreneurial business, which accounts for more than half of the local DIY market, will open the 57th store of the network in Campulung Moldovenesc, Suceava, on a 42,000 square meter site on Friday, December 17, following an investment of EUR10 million.
The Bucharest Stock Exchange on Wednesday said that three new Fidelis government bond issues worth RON872.5 million and EUR42.1 million, respectively will start trading on the Main Market. on Thursday (December 16).
The Bucharest Stock Exchange on Wednesday said that the shares of Romanian software development company Softbinator Technologies will start trading on the AeRO market, the equity segment of the Multilateral Trading System, under the ticker CODE, on Friday, December 17.
The Asset Services Department of real estate consulting firm Cushman & Wakefield Echinox saw a 28% increase in 2021 in the portfolio of properties it manages, reaching some 500,000 square meters of offices, logistics and retail spaces in capital Bucharest and other cities and towns, and expects 10%-15% growth in 2022.
Romanian property restitution fund Fondul Proprietatea (FP.RO) has obtained the approval of its shareholders, which consist mostly of Pillar II (mandatory) private pension funds, for the distribution of special dividends in the amount of nearly RON433 million.
French shipbuilding group Piriou said it bought the ATG Giurgiu shipyard in southern Romania from local investors Teodor Apostol and Adrian Patriche who have controlled the Romanian company from 2002 until now.
Prices of lands in capital Bucharest intended for real estate developments almost doubled in 2021, with the central and northern parts of the city remaining the most expensive, per an analysis by real estate consulting firm Investpoint.
Cisco released the Cisco 2021 Consumer Privacy Survey which explores what individuals are doing to protect their privacy, the impact of privacy regulations, and their attitudes regarding the use of pandemic-related information and the emerging use of their personal information in Artificial Intelligence (AI) decision-making.20085 items