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Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.6% a year on Monday (August 23).
Agricultural cooperative Cooperativa agricola integrata Tara Mea, headquartered in Vaslui and having over 1,000 farmers as members, this August signed a partnership with French-Belgian retailer Cora to sell its products in its Romanian store network, according to the cooperative’s representatives.
Antonio Nitu, general manager of travel agency Aerotravel, says he noticed rising demand for business travel, with Romanian small and medium-sized companies starting asking for both outbound and inbound travel packages for their employees again.
Romania’s smartphone market continues to grow and should reach EUR1.2 billion by yearend, as people allocate higher and higher budgets for premium models, since the smartphone has become a device one cannot do without nowadays, both in their personal lives and for work purposes.
Transport Trade Services (TTS.RO), the largest freight carrier on the Danube, on Monday announced it concluded the first half with RON27.3 net million profit, an increase of 44.4% on the year-ago period, while revenue went up 9.5% to almost RON274 million.
Online retailer evoMAG will be selling a part of its products via online retailer elefant.ro, starting August 2021. The partnership entails including in the offer of elefant.ro, until the end of 2021, more than 3500 products offered by evoMAG, the bulk of which are already listed.
Romania's finance ministry on Monday raised 137.6 million lei (EUR27.8 million), below the planned RON200 million, selling a new issue of bonds maturing in April 2036, at an average yield of 4.31%, central bank data showed.
Credit Europe Bank Romania on Monday reported a net profit of RON20.5 million in the first six months of 2021, up 35.23% from the year-earlier period, and revenue of RON112 million, 10% lower on the year.
Organic wine producer Vifrana (BIOW.RO) on Monday said it registered a net loss of RON594,725 in the first half of 2021, lower than the RON879,300 level reported in the same period in 2020, and a turnover of RON2.1 million, down 5.15% on the year.
Activity on the office space market remained relatively weak in the first half of 2021, with feeble signs of recovery to pre-pandemic levels, considering that companies do not yet have a clear picture of the moment in which most employees will return to the office, per a market report by real estate consulting firm Colliers for the first half of 2021.
Libris.ro, one of Romania’s largest online bookstores, is set to invest around EUR4 million over the next three years, both to expand its Brasov book warehouse, as well as in the technology area.
DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, has attracted RON24.8 million from investors that hold 25.7% of the share capital, following a private placement of shares.
The price of bread in Romania is almost half the European average, more exactly at 56%, in line with Eurostat data.
Banca Comerciala Romana (BCR) has arranged a syndicated loan worth RON278 million for Rodbun Group, one of the leading agribusiness companies in Romania.
French-owned Carrefour, which covers several store formats domestically, has 337 units in Romania. By yearend, the retailer will go beyond the 350-unit threshold, though.
Shares of OMV Petrom (SNP.RO) and TeraPlast (TRP.RO) will be included, as of September 20, 2021, in FTSE indices for Emerging Markets, joining Banca Transilvania (TLV.RO) and Nuclearelectrica (SNN.RO) shares.
German-held retailer Kaufland Romania, the second largest player in Romanian retail by turnover in 2020, is betting on store openings in small urban areas with around 20,000 inhabitants, with a special focus on Muntenia and Transylvania regions.
Banca Transilvania Financial Group ended the first half of 2021 with operating income of RON2.4 billion, up 15% on the year, and consolidated net profit of RON1.01 billion, up 47% from the same period in 2020, per the financial report released Monday.
GoodMills Romania, the maker of Raftul Bunicii flour, owned by the Austrian group of the same name, ended 2020 with turnover worth RON276 million, up 8,3% from the previous year, data from financial analysis platform Confidas show.
The Romanian leu dropped to a fresh all-time low against the euro on Friday (August 20), as the central bank average reference rate stood at 4.9338 lei to the European currency.18957 items